Core Viewpoint - The company expects a significant increase in net profit attributable to shareholders for the six months ending June 30, 2025, projected to be no less than HKD 17 million, compared to HKD 4.77 million for the same period ending June 30, 2024, indicating strong growth in core business areas [1] Group 1: Financial Performance - The anticipated net profit for the upcoming period is approximately HKD 17 million, a substantial increase from HKD 4.77 million in the previous year [1] - The company's core business revenue from metal trading, supply chain operations, and commodity trading is expected to rise from approximately HKD 8.44 billion to over HKD 10 billion for the same six-month period [1] Group 2: Business Operations - The growth in revenue is attributed to the stable and continuous performance of the company's operations in Hong Kong, mainland China, and internationally [1] - The company has implemented effective cost control measures, contributing positively to its financial results [1]

高盛分析师在周四的一份报告中表示，废铜贸易流量不太可能因此而改变，部分原因是"高质量废铜可能已经存放在国内了。" 大宗商品商Concord Resources研究总监Duncan Hobbs表示："如果我们把废铜市场作为一个整体来看，这里什么也看不到，因为美国在国内金属生产中已经 消耗了超过40%的废铜。" 数据显示，美国2024年出口了价值45亿美元的废铜。中国海关总署公布的数据显示，6月中国自美国进口的废铜占比从1月份的20.8%降至1%。 在周三的新关税公告中，美国白宫表示，将要求美国生产的25%高品位废铜需要在国内市场出售，以促进以废铜为原料的精炼铜国内生产。 美国目前是全球最大的废铜出口国。 特朗普政府的行政命令没有定义高品位，也没有具体说明何时开始国内使用要求，尽管美国商务部长在另一份报告中称，相关要求自2027年开始执行。 7月31日（周四），行业分析师称，旨在减少美国废铜出口限制提案不太可能产生太大影响，因为出口量已经低于该计划中的配额。 铜是电力行业、人工智能和数据中心以及电动汽车的重要材料。 （文华综合） ...

证券之星消息，根据天眼查APP数据整理，近日，福建紫金矿业贸易有限公司成立，法定代表人为黄孝 隆，注册资本100000万元，经营范围包含：一般项目：金属矿石销售；非金属矿及制品销售；新型金属 功能材料销售；普通货物仓储服务(不含危险化学品等需许可审批的项目)；电池销售；货物进出口；进 出口代理；采购代理服务；销售代理；信息咨询服务(不含许可类信息咨询服务)；国内货物运输代理； 国际货物运输代理；金属制品销售；有色金属合金销售；金银制品销售；高性能有色金属及合金材料销 售。(除依法须经批准的项目外，凭营业执照依法自主开展经营活动)许可项目：道路货物运输(不含危险 货物)；道路危险货物运输；黄金及其制品进出口。(依法须经批准的项目，经相关部门批准后方可开展 经营活动，具体经营项目以相关部门批准文件或许可证件为准)。天眼查APP股权穿透显示，该公司由 紫金矿业全资持股。 数据来源：天眼查APP ...

Group 1 - The trade agreement between the US and EU has been finalized, potentially avoiding a global economic downturn due to a trade war [1][3] - The agreement sets a 15% tariff on most EU exports, including automobiles, but there are discrepancies in statements from both sides regarding the inclusion of pharmaceuticals and metals [3][4] - The EU has reportedly agreed to invest significantly in the US, which may have influenced the terms of the agreement, particularly concerning pharmaceuticals and semiconductors [3] Group 2 - The uncertainty surrounding the specifics of the tariff implementation may lead to volatility in related sectors, such as metal trading and pharmaceutical exports, as companies await final details [3][4] - The overall direction of the agreement is seen as positive for global supply chains, despite the need to address lingering details and disputes [3][4] - Continuous monitoring of subsequent developments in the trade agreement is essential for long-term investment strategies [4]

Core Viewpoint - The implementation of the offshore trade stamp duty exemption policy in the Hengqin Guangdong-Macao Deep Cooperation Zone is expected to reduce operational costs for companies and attract more cross-border businesses, thereby promoting economic diversification in Macau [1][2]. Group 1: Policy Implementation - Guangdong Jixing Metal Co., Ltd. has benefited from the new offshore trade policy, reporting a contract declaration of 120 million yuan that resulted in a tax exemption of 35,000 yuan [1]. - The policy, effective from April 1, 2025, to December 31, 2027, exempts stamp duty for offshore trade contracts in the China (Guangdong) Free Trade Pilot Zone [1]. Group 2: Economic Impact - The offshore trade stamp duty exemption is expected to accelerate the flow of high-end cross-border resources and support the moderate diversification of Macau's economy [1]. - The policy is seen as a means to help companies lower operational costs and attract more cross-border enterprises to the cooperation zone, aiding in achieving the second phase development goals [1]. Group 3: Government Support - The Hengqin tax authority is actively identifying eligible offshore trade enterprises and providing tailored policy guidance to ensure effective implementation [2]. - Future efforts will focus on collaboration with other departments to promote the healthy development of offshore trade and address any emerging issues faced by enterprises [2].

Group 1 - Zijin Mining has established a new trading company with a registered capital of 1 billion RMB [1] - The new company, Fujian Zijin Mining Trading Co., Ltd., is fully owned by Zijin Mining [1] - The business scope includes sales of metal ores, new metal functional materials, battery sales, and various import and export services [1]

Group 1 - The core viewpoint is that Trump's tariffs have lost their market impact, and the delay in tariff deadlines is seen as a negotiation tactic rather than a genuine policy change [1][2][3] - Analysts suggest that the market is becoming numb to the erratic policies of the Trump administration, leading to a potential oversight of the risks associated with industry tariffs [1][3] - The extension of the tariff deadline until August 1 has led traders to believe that the likelihood of sudden tariff imposition is decreasing, reinforcing the view that Trump is committed to reaching a trade agreement [1][3] Group 2 - The uncertainty surrounding tariffs has paralyzed decision-making for companies trying to adapt to the changing tariff landscape, as executives are working to adjust supply chains and cost structures to avoid price increases [3] - Market sentiment remains cautious due to ongoing uncertainty, with analysts indicating that the market may become more volatile leading up to August 1 due to increased trade-related headlines [3]

Group 1 - The core viewpoint of the articles highlights the performance and market position of Zhongxin Metal, noting its recent stock price increase and low rolling PE ratio compared to industry averages [1][2] - Zhongxin Metal's stock closed at 8.21 yuan, up 1.73%, with a rolling PE ratio of 15.16, marking a new low in 158 days and a total market capitalization of 40.229 billion yuan [1] - The company ranks 16th in the trade industry, which has an average PE ratio of 46.82 and a median of 36.50 [1][2] Group 2 - As of June 9, 2025, Zhongxin Metal has 80,949 shareholders, an increase of 1,028 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] - The company's main business involves trading metals and mineral products, including niobium, copper, aluminum, nickel, iron ore, steel, chromium ore, and manganese ore [1] - Zhongxin Metal is the exclusive distributor of CBMM, the largest niobium supplier globally, holding approximately 80% of the domestic niobium market share [1] - The company is positioned among the top copper concentrate trading enterprises in China and aims to enhance its market share and international influence through investments in Las Bambas and Aifenhao [1] - In the latest quarterly report for Q1 2025, Zhongxin Metal reported revenue of 28.249 billion yuan, a year-on-year increase of 5.28%, and a net profit of 571 million yuan, reflecting a significant year-on-year increase of 268.89% with a sales gross margin of 2.01% [1]

Core Viewpoint - The imposition of a 50% tariff on imported steel and aluminum by the Trump administration is reshaping the global metal trade landscape, particularly leading to a significant increase in European scrap metal exports to the U.S. [1][3] Group 1: Trade Dynamics - European scrap metal exports to the U.S. surged nearly twofold in the first three months of 2025, reaching 6,028 metric tons, highlighting the rapid rise of "duty-free scrap" in the market [1][3] - U.S. domestic companies are increasingly turning to unrestricted scrap materials as a workaround to avoid tariffs, enhancing the market appeal of scrap metals [3][4] Group 2: Environmental and Policy Implications - The European metal industry is concerned about the potential outflow of recyclable resources, which could undermine local supply and the EU's carbon neutrality goals [3][4] - The EU has indicated that recycling aluminum can save up to 95% of energy consumption, while recycling steel can reduce carbon emissions by 80%, linking these figures to the European Green Deal [3][4] Group 3: Future Outlook - The rapid increase in scrap metal exports to the U.S. poses risks to Europe's circular economy and may necessitate a reevaluation of resource recovery costs and supply chain stability [4][5] - The ongoing trade dynamics reflect a broader struggle for global resource allocation and the balance between environmental policies and trade practices, with the EU facing critical decisions on export restrictions [5]

Core Insights - The ongoing threat of U.S. tariffs and the premium status of COMEX/LME copper prices are likely to sustain the volume of copper shipments to the U.S. [2][5] - Since the announcement of potential tariffs on imported copper in February, COMEX copper prices have risen significantly, reaching a historical high in March [3][4]. - Analysts expect an additional 250,000-300,000 tons of copper to be shipped to the U.S. between March and May due to the current market conditions [5]. Price Dynamics - COMEX copper prices reached a record high of $11,633 per ton in March, with a premium of over $1,570 per ton compared to LME prices [4]. - Although the COMEX/LME copper premium has decreased to $600 per ton, it remains high enough to incentivize traders to ship copper to the U.S. [6]. Shipping Trends - Traders are increasingly using bulk carriers instead of container ships to expedite shipments before potential tariffs are imposed, reducing transit time from 40 days to approximately two weeks [8]. - In March, 95,202 tons of copper were shipped to the U.S. via bulk carriers, increasing to 127,539 tons in April, compared to around 44,000 tons in January and February [9]. Supply Sources - The majority of copper supplies to the U.S. come from LME-registered warehouses, with LME copper inventories declining nearly 60% since mid-February [5]. - In early May, 71,591 tons of copper were shipped to the U.S. via bulk carriers, with increased shipments from Chile [10]. Emerging Markets - Unusual shipments of copper from Germany and Spain to the U.S. were recorded in March and April, with 10,000 tons and 4,500 tons respectively, indicating a shift in traditional supply sources [11]. - Analysts predict that more copper will be shipped to the U.S. in the latter half of May due to the ongoing price premium [12].