Ge Long Hui A P P·2026-01-14 02:30Group 1 - Precious metal prices have risen collectively, boosting the performance of non-ferrous metal stocks in the A-share market [1] - Luoyang Molybdenum (603993.SH) was included in the "Betting on China" top ten core assets list for 2026, with a 4.3% increase to 23.78 yuan, reaching a historical high [1] - The stock has cumulatively increased by 210% in 2025 and over 18% in the first eight trading days of this year [1] Group 2 - Luoyang Molybdenum holds approximately 23% of global cobalt reserves and possesses world-class copper-cobalt mining clusters [1] - The KFM Phase II production will add 100,000 tons of copper capacity, supported by the Congo (Kinshasa) cobalt export quota [1] - The company benefits from resource endowment advantages and digital reforms to reduce costs, maintaining relatively low copper production costs [1] Group 3 - The "mining + trading" model smooths out cyclical fluctuations, providing industry-leading risk resistance [1] - Copper and cobalt are benefiting from the expansion of demand in the new energy sector [1] - The acquisition of Brazilian gold mines and the layout of Ecuadorian gold mines create a "copper-gold dual pole" strategy [1] - H-share equity incentives are tied to the core team, indicating strong long-term growth certainty [1]