Core Viewpoint - Luoyang Molybdenum (603993)(03993) has seen a stock price increase of over 3%, currently up 3.44% at HKD 15.34, with a trading volume of HKD 438 million. The company is expected to release its Q3 2025 report on October 24. [1] Group 1: Company Growth Potential - Luoyang Molybdenum is recognized as a mining company with considerable growth potential in the global copper mining sector. [1] - The company aims to achieve a copper production capacity target of 800,000 to 1,000,000 tons by 2028, driven by the orderly advancement of the TFM Phase III and KFM Phase II projects. [1] - The entry into the gold resource sector, particularly with the Ecuador gold mine project, is anticipated to enhance the company's long-term growth prospects. [1] Group 2: Management and Performance Outlook - The recent restructuring of the management team is seen as a positive step for the company, potentially leading to improved performance in the future. [1] - Overall, the company's long-term growth in performance is expected to be promising. [1]

Core Viewpoint - Luoyang Molybdenum (03993) has shown a significant increase of over 3%, currently trading at HKD 15.34 with a transaction volume of HKD 438 million, indicating positive market sentiment towards the company ahead of its upcoming Q3 2025 report [1] Group 1: Company Growth Potential - The company is recognized as a mining enterprise with considerable growth potential in the global copper market [1] - With the orderly advancement of the TFM Phase III and KFM Phase II projects, the company is expected to achieve a copper production capacity target of 800,000 to 1,000,000 tons by 2028 [1] - The company's entry into the gold resource sector, particularly the Ecuador gold mine project, is anticipated to enhance its long-term growth prospects [1] Group 2: Management and Performance Outlook - The recent adjustments in the company's management team are seen as a strategic move to reposition the company for future growth [1] - There is an expectation for the company's performance to show promising growth in the long term, driven by its strategic initiatives and project developments [1]

Core Viewpoint - The optimistic mid-term outlook for copper prices supports the continued profitability momentum of Zijin Mining, which may lead to a further revaluation of the stock [1] Group 1: Company Performance - Zijin Mining has downgraded its 2025 group copper production forecast due to a flooding incident at one of its mines [1] - Despite the production downgrade, the company indicates that frequent severe disruptions in global mining production may keep supply tight and support long-term prices [1] - Strong fundamentals in gold and copper have reaffirmed Zijin Mining's robust nine-month performance, confirming its profit visibility [1] Group 2: Analyst Recommendations - Daiwa Capital Markets has raised the target price for Zijin Mining's H-shares from HKD 29.70 to HKD 37.80 while maintaining a buy rating [1]

Core Insights - In August, Mexico's copper production increased to 39,514 tons, while gold production decreased from 6,048 kilograms in July to 5,914 kilograms [2] Industry Challenges - China's copper industry faces three major challenges: rising dependence on foreign upstream resources, overcapacity in the midstream processing sector, and downstream demand being suppressed by high copper prices [2] Industry Support Initiatives - To assist the industry in navigating these changes, Shanghai Nonferrous Metals Network has collaborated with copper industry chain enterprises to compile the "2026 China Copper Industry Chain Distribution Map," available in both Chinese and English [2]

Core Viewpoint - Zijin Mining (601899) reported a revenue of 254.2 billion RMB for the first three quarters of this year, representing a year-on-year increase of 10.33%, and a net profit attributable to shareholders of 37.864 billion RMB, up 55.45% year-on-year [1] Financial Performance - In Q3 alone, Zijin Mining achieved a revenue of 86.489 billion RMB, which is a quarter-on-quarter decline of 2.58%, while the net profit attributable to shareholders was 14.572 billion RMB, reflecting a quarter-on-quarter increase of 11.02% [1] - The better-than-expected net profit in Q3 was primarily driven by non-operating income exceeding market expectations [1] Future Projections - Based on the strong non-operating income in Q3 and rising copper and gold prices, the bank has raised its net profit forecasts for Zijin Mining for 2025 and 2026 by 11.2% and 18.8%, respectively, to 50.91 billion RMB and 65.09 billion RMB [1] - The H-share target price has been increased by 33% to 40 HKD, while the A-share target price has been raised by 31% to 38 RMB [1]

智通财经APP获悉，中金发布研报称，紫金矿业(02899,601899.SH)今年首三季收入2,542亿元人民币(下 同)，同比升10.33%; 归母净利润378.64亿元，同比升55.45%。 单计第三季，收入864.89亿元，按季跌 2.58%，归母净利润145.72亿元，按季升11.02%，超出市场预期，主要因非经收益超预期。基于紫金第 三季非经收益超预期及铜金价格上行，该行分别上调其2025及26年归母净利润预测11.2%及18.8%，至 509.1亿及650.9亿元，维持"跑赢行业"评级，H股目标价升33%至40港元，A股目标价上调31%至38元。 ...

Core Insights - Zhongjin Company reported that Zijin Mining's revenue for the first three quarters of this year reached 254.2 billion yuan, an increase of 10.33% year-on-year [1] - The net profit attributable to shareholders was 37.864 billion yuan, up 55.45% year-on-year [1] - In the third quarter alone, revenue was 86.489 billion yuan, a quarter-on-quarter decrease of 2.58%, while net profit attributable to shareholders was 14.572 billion yuan, a quarter-on-quarter increase of 11.02%, exceeding market expectations due to better-than-expected non-operating income [1] Financial Forecast Adjustments - Based on the better-than-expected non-operating income in the third quarter and rising copper and gold prices, the company has raised its net profit forecasts for 2025 and 2026 by 11.2% and 18.8%, respectively, to 50.91 billion yuan and 65.09 billion yuan [1] - The rating of "outperforming the industry" is maintained, with the target price for H-shares increased by 33% to 40 HKD and the target price for A-shares raised by 31% to 38 yuan [1]

塔吉克斯坦阿维斯塔通讯社10月21日杜尚别报道，塔吉克斯坦工业和新技术部报告称，该部和韩国GB Innovation 公司（GBI）签署谅解备忘录，双方将共同建立钨矿联合供应链。根据协议，GBI将与塔吉 克铝业公司（TALCO）合作，计划在3至4年内实现年产4000吨钨精矿的目标。塔境内梅库拉矿区的钨 矿品位高达1.0%，为全球平均水平（0.2%）的五倍。 ...

Core Viewpoint - The company is making progress on its projects, including the Silverman Phase II and the expansion of Yubang Mining, while also optimizing the construction plan for the Achmmach tin mine in Morocco [2]. Group 1: Silverman Phase II - Silverman Phase II has received project approval and is actively communicating with local government to expedite the construction permit process [2]. Group 2: Yubang Mining Expansion - Yubang Mining's annual production expansion project of 8.25 million tons is currently in the process of applying for construction permits from the Ministry of Emergency Management [2]. Group 3: Achmmach Tin Mine Project - The Achmmach tin mine project in Morocco is undergoing optimization of its construction plan, and construction will commence once the design optimization is completed [2].

Core Insights - Zijin Mining experienced a 2.00% decline in stock price on October 22, with a trading volume of 9.159 billion yuan [1] - The company reported a net financing outflow of 416 million yuan on the same day, with total financing and securities balance reaching 7.531 billion yuan [1] - As of September 30, Zijin Mining achieved a revenue of 254.2 billion yuan, marking a year-on-year growth of 10.33%, and a net profit of 37.864 billion yuan, up 55.45% year-on-year [2] Financing and Margin Trading - On October 22, Zijin Mining had a financing buy-in of 661 million yuan, with a financing balance of 7.474 billion yuan, representing 1.23% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of leverage [1] - The company also saw a securities lending activity with 308,400 shares repaid and 305,600 shares sold, totaling approximately 8.9999 million yuan in sales [1] Shareholder and Dividend Information - As of September 30, the number of shareholders increased to 529,800, a rise of 57.83% [2] - Since its A-share listing, Zijin Mining has distributed a total of 59.277 billion yuan in dividends, with 27.772 billion yuan distributed in the last three years [3] - Major shareholders include Hong Kong Central Clearing Limited, which holds 1.354 billion shares, a decrease of 235 million shares from the previous period [3]