Group 1 - The company, Tengyuan Cobalt (301219), reported that as of September 19, 2025, the number of shareholders is 24,484 [1]

Core Viewpoint - The Democratic Republic of the Congo (DRC) will extend its ban on cobalt exports, leading to an increase in cobalt-related stocks [1] Group 1: Company Performance - Liqin Resources (02245.HK) saw a rise of 6.68%, trading at 17.4 HKD [1] - Luoyang Molybdenum (03993.HK) experienced a slight increase of 0.55%, trading at 12.9 HKD [1]

Group 1 - Cobalt stocks continue to rise, with Liqin Resources (02245) up 6.68% to HKD 17.4 and Luoyang Molybdenum (603993) (03993) up 0.55% to HKD 12.9 [1] - The government of the Democratic Republic of Congo updated its cobalt export policy on September 20, extending the export ban to October 15, 2025, and setting export quotas for 2026-2027 at only 44% of annual production [1] - CITIC Securities predicts that the export quotas will lead to global cobalt supply being significantly below normal levels from 2025 to 2027, which is expected to drive cobalt prices higher [1] Group 2 - Morgan Stanley notes that the extension of the cobalt export ban until October 15 will be followed by quotas, with the 2026-2027 quota set at 40% of normal production [1] - If Luoyang Molybdenum receives a proportional quota, potential sales for Q4 2025 could be approximately 8,600 tons, and around 43,600 tons for 2026-2027 [1] - Minsheng Securities highlights that Liqin Resources has a large-scale nickel production capacity in Indonesia with cost advantages, positioning the company to benefit significantly from rising cobalt prices [1]

Group 1 - Cobalt stocks continue to rise, with Liqin Resources up 6.68% to HKD 17.4 and Luoyang Molybdenum up 0.55% to HKD 12.9 [1] - The Congolese government updated its cobalt export policy on September 20, extending the export ban to October 15, 2025, and setting export quotas for 2026-2027 at only 44% of annual production [1] - CITIC Securities predicts that the export quotas will lead to significantly lower global cobalt supply from 2025 to 2027, resulting in a strong potential increase in cobalt prices [1] Group 2 - Morgan Stanley notes that if Luoyang Molybdenum receives proportional quotas, potential sales could be approximately 8,600 tons in Q4 2025 and about 43,600 tons for 2026-2027 [1] - Minsheng Securities highlights that Liqin Resources has a large-scale wet nickel production capacity in Indonesia, which positions the company to benefit significantly from rising cobalt prices [1]

Market Performance - A-shares showed mixed performance from September 15 to September 19, with the Shanghai Composite Index down 1.3% to 3820.09 points, while the Shenzhen Component Index rose 1.14% to 13070.86 points, and the ChiNext Index increased by 2.34% to 3091 points [2][3] - Over 32% of stocks in the A-share market experienced gains during the week, with 122 stocks rising over 15% and 16 stocks declining more than 15% [2] International Market Overview - The U.S. stock market indices rose on September 19, with the Dow Jones Industrial Average up 0.37% to 46315.27 points, the S&P 500 up 0.49% to 6664.36 points, and the Nasdaq Composite up 0.72% to 22631.48 points [3][5] - In contrast, European stock indices fell on the same day, with the FTSE 100 down 0.12%, the CAC 40 down 0.01%, and the DAX down 0.15% [4] Oil Prices - International oil prices decreased on September 19, with WTI crude oil down 1.4% to $62.68 per barrel and Brent crude down 1.13% to $66.68 per barrel [4] Industry Developments - The Chinese government is set to launch a "Cultural and Tourism Consumption Month" with over 330 million yuan in subsidies to boost tourism during the National Day holiday [6] - Several express delivery companies in Shanghai will raise their collection prices starting September 22, primarily targeting low-priced e-commerce shipments [7] - Huawei has initiated the "Tian Gong Plan," committing 1 billion yuan to support the HarmonyOS AI ecosystem [8] Logistics and Supply Chain - China's pharmaceutical logistics costs exceeded 50 billion yuan in the first half of 2025, with cold chain logistics costs alone surpassing 13.5 billion yuan [9] - Southbound capital saw a net inflow of 36.85 billion HKD over the week, marking 18 consecutive weeks of inflows, with notable trading activity in Alibaba and other major stocks [9] Regulatory and Policy Updates - The Chinese government is accelerating the establishment of national standards for pre-prepared dishes to enhance consumer rights [10] - The National Development and Reform Commission emphasizes the importance of investing in data resources and the development of high-quality data sets to support the "Artificial Intelligence +" initiative [8]

在业内停止报价、屏气敛息静待刚果（金）钴出口禁令倒计时的当下，一则"禁令"或将再延长至少两个月的传言如"深水炸弹"一样搅动着市场。 智通财经记者从业内多方采访获悉，如果再次延期，预计短期钴价将迎来大幅上涨，当前国内库存量预计能维持在年底左右，部分厂商因为原料紧缺 等因素已停产。 上市公司方面，作为全球最大钴生产商洛阳钼业（603993.SH）表示，公司未来将结合当地的政策实际，妥善地做资源释放，以实现钴价值的最大化。 在预料未来钴价可能上涨后，寒锐钴业（300618.SZ）采取控制接单的方式把握销售节奏。 再延长至少两个月？ 在刚果（金）钴出口禁令即将到期的当下，业内对后续结果保持高度关注。智通财经记者与业内多位人士沟通了解到，多数钴中间品主要生产商已暂 停报价。 在业内静候答案即将揭晓的同时，记者注意到，19日傍晚一则市场消息称，"刚果（金）正考虑将其钴出口禁令延长至少两个月"，如"深水炸弹"一样搅 动着市场。 如果再次延期，"短期来看，钴价可能会迎来一波大幅上涨"，这是智通财经记者与数位业内人士沟通后得出的答案。 同时，一家钴产品贸易商的实控人刘进（化名）向智通财经记者表示担忧，他认为在目前全球钴原料社会 ...

Core Viewpoint - The company Tengyuan Cobalt (301219) has received notifications regarding share reduction plans from significant shareholders, Xiamen Tungsten (600549) and Changjiang Chenda (Hubei) New Energy Industry Investment Partnership, indicating potential changes in shareholding structure [1] Group 1: Share Reduction Plans - Xiamen Tungsten plans to reduce its holdings by up to 2,932,924 shares, which represents no more than 1% of the company's total share capital, within three months after 15 trading days from the announcement [1] - Changjiang Chenda also intends to reduce its holdings by up to 2,932,924 shares, similarly representing no more than 1% of the company's total share capital, through either centralized bidding or block trading within the same timeframe [1]

Core Viewpoint - The company Tengyuan Cobalt Industry (301219.SZ) has received a notice regarding share reduction plans from significant shareholders, Xiamen Tungsten Co., Ltd. and Changjiang Chendao (Hubei) New Energy Industry Investment Partnership, which may impact the stock performance in the near term [1] Group 1: Shareholder Actions - Xiamen Tungsten plans to reduce its holdings by up to 2,932,924 shares, which represents no more than 1% of the company's current total share capital, within three months after 15 trading days from the announcement [1] - Changjiang Chendao also intends to reduce its holdings by up to 2,932,924 shares, similarly representing no more than 1% of the company's current total share capital, within the same timeframe through either centralized bidding or block trading [1]

Core Viewpoint - Tengyuan Cobalt Industry (301219.SZ) announced that Xiamen Tungsten plans to reduce its shareholding by up to 2,932,924 shares, representing no more than 1% of the company's total share capital, within three months after the announcement [1] - Changjiang Chenda also plans to reduce its shareholding by the same amount and percentage under similar conditions [1] Summary by Category - **Shareholding Reduction Plans** - Xiamen Tungsten intends to reduce its stake in Tengyuan Cobalt through centralized bidding within three months after the announcement [1] - Changjiang Chenda has similar plans to reduce its stake, either through centralized bidding or block trading [1]

Core Viewpoint - Ganzhou Tengyuan Cobalt Industry Co., Ltd. announced that two shareholders, Xiamen Tungsten Co., Ltd. and Changjiang Chenda (Hubei) New Energy Industry Investment Partnership, plan to reduce their shareholdings due to operational needs [1][2]. Group 1: Shareholding Details - Xiamen Tungsten holds 26,676,000 shares, representing 9.10% of the total share capital of Tengyuan Cobalt [1]. - Changjiang Chenda holds 15,137,933 shares, accounting for 5.16% of the total share capital [1]. Group 2: Reduction Plans - Xiamen Tungsten plans to reduce its holdings by up to 2,932,924 shares, not exceeding 1% of the total share capital, within a specified period from October 16, 2025, to January 15, 2026 [1][2]. - Changjiang Chenda also intends to reduce its holdings by the same amount and within the same timeframe, using either centralized bidding or block trading methods [1][2]. Group 3: Conditions and Implications - The reduction price will be determined based on market conditions at the time of the sale [2]. - The reduction plans do not violate any legal regulations and will not lead to a change in the company's control or governance structure [2].