SGCMOLY@EC2607A

LMCO Completes Brazilian Gold Mine Project Acquisition and Commences Full Operations

Citi Raises Profit Forecasts and Target Price for CMCO

JPMorgan Increases its Stake in CMOC by 8,060,604 Shares

Phillip Securities Maintains Buy Rating on China Molybdenum

Goldman Sachs Raises Profit Projections for Zijin Mining and CMOC

JPMorgan Raises Profit Forecast and Target Prices for CMOC

LuoYang Molybdenum Has Exported Cobalt Products From Congo

Friedberg: Luoyang Mo Mining Completes Acquisition of EquinoxGold's Brazilian Gold Assets

洛阳钼业 provides unconditional and irrevocable guarantee for CMOC Capital's $1.2 billion bond issuance

洛阳钼业 completes Brazilian gold mine project transfer, expected to produce 6-8 tons of gold this year

LME completes acquisition of Canadian gold mine project

Kingstone Mining's 2025 Preliminary Results Meet Expectations, 2026 Copper Production Growth Expected

LuoYang Molybdenum plans to issue 1.2 billion US dollars zero-coupon convertible bonds due in 2027

Hong Kong Stock Analyst Recommends Buying Shun Tak and Luoyang Mining

LuoYang Molybdenum Plans to Provide 3.3 Billion Yuan Guarantees to Subsidiaries for Stable Sustainable Development

Zijin Mining's Stock Price Hits a New Historical High

LiuYongMoYe Plans to Purchase Up to RMB 20 Billion in Wealth Management Products

LuoYang Molybdenum Co. expects a significant increase in net profit in 2025

Gecamines Buys 100,000 Tons of Copper from LMCO for Export to the US

HSBC Raises Target Price for CMOC to HKD18.6 Maintains Hold Rating

GUANZE MEDICAL

PCPD

STARCOIN GROUP

HUILI RES

TIMES UNI GP

MANY IDEA CLOUD

WALNUT CAP

SILKWAVE INC

HUA LIEN INT'L

WAI CHUN GROUP

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Hong Kong's benchmark stock index is set to include three new companies: electric vehicle battery-maker CATL, miner CMOC, and jeweler Laopu Gold. Bloomberg posted on X that this move aims to diversify the index and reflect the evolving market landscape. The inclusion of these companies highlights the growing importance of the electric vehicle and mining sectors, as well as the luxury goods market in Hong Kong's economy. This change is expected to attract more investors and enhance the index's representation of key industries.

CoinLive

CMOC

LAOPU GOLD

CATL

STOCKS | Hong Kong Stock Index to Include CATL, CMOC, and Laopu Gold

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The Hang Seng Index Company announced the latest quarterly review results, with CATL, LAOPU GOLD, and CMOC being included in the Hang Seng Index constituent stocks, increasing the total to 90 stocks, while Zhongsheng Group was removed. In the case of the Hang Seng China Enterprises Index, BEKE and HORIZONROBOT-W were included, while China Resources Beer and Mengniu Dairy were removed, maintaining a total of 50 constituent stocks. There were no changes in the constituent stocks of the Tech Index

Stheadline

HORIZONROBOT-W

BEKE-W

Huaan Yifu Gold ETF

The Hang Seng Index quarterly review reveals that CATL, LAOPU GOLD, and CMOC have turned blue, increasing the number of blue-chip stocks to 90

00HSI

Hang Seng Index Company has announced an expansion of its constituent stocks from 88 to 90. According to Jin10, the new additions include Ningde Times, Luoyang Molybdenum, and Lao Pu Gold, while Zhongsheng Group Holdings Limited has been removed from the index.

Hang Seng Index

STOCKS | Hang Seng Index Expands with New Additions

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KNOWLEDGE ATLAS(02513) rose 20.65%, with a trading turnover 2.4 Billion HKD, and a year-to-date rose 317.4%. MINIMAX-WP(00100) rose 15.65%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 312.1%. TME-SW(01698) fell 9.23%, with a trading turnover 247.1 Million HKD, and a year-to-date fell 14.5%. ZIJIN MINING(02899) fell 7.64%, with a trading turnover 4.1 Billion HKD, and a year-to-date rose 16.6%.

Top Gainers & Losers

KNOWLEDGE ATLAS

MINIMAX-WP

CTG DUTY-FREE

GIGADEVICE

LENOVO GROUP

TME-SW

ZIJIN MINING

Top 5 HK Stock Gainers/Losers (>100B) (2.13)

The Democratic Republic of the Congo's copper exports grew by nearly 10% last year, becoming the world's second-largest producer of industrial metals. Copper shipments increased from 3.1 million tons to 3.4 million tons, primarily produced by Chinese companies. CMOC owns the country's first and third largest mining areas, with the TFM mine and KFM mine producing 519,000 tons and 228,000 tons of copper, respectively. The Kamoa-Kakula copper mine, built as a joint venture between Canada and China, produced 400,000 tons last year. The growth rate of copper production in the Congo is the fastest in the world and is expected to become a global leader

AASTOCKS

Congo's copper exports grew nearly 10% last year, mostly produced by Chinese companies

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YUM CHINA(09987) rose 11.42%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 18.6%. HAITIAN FLAV(03288) rose 5.59%, with a trading turnover 394.2 Million HKD, and a year-to-date rose 3.8%. MINIMAX-WP(00100) fell 8.65%, with a trading turnover 675.2 Million HKD, and a year-to-date rose 194.5%. GANFENGLITHIUM(01772) fell 6.6%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 7.6%.

YUM CHINA

HAITIAN FLAV

WUXI APPTEC

GANFENGLITHIUM

JIANGXI COPPER

Top 5 HK Stock Gainers/Losers (>100B) (2.5)

HTSC

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Huatai Securities is optimistic about the value enhancement of CMOC, raising the target price to HKD 33.95 and maintaining a "Buy" rating. It is expected that copper and gold prices will rise, with copper prices likely to exceed USD 15,000 per ton between 2025 and 2028. As a leading domestic copper mining company, it has added a new gold layout, which will achieve a "copper + gold" valuation transformation in the future. It is estimated that the net profit attributable to the parent company from 2025 to 2027 will be RMB 20.4 billion, 32.4 billion, and 36.1 billion, respectively, representing growth of 6%, 26%, and 27% compared to previous values

Huatai Securities Co., Ltd. GDR Class A RegS

ChinaAMC Gold ETF

Huatai Securities is optimistic about the value enhancement of CMOC, raising the target price to 33.95 yuan

Phillip Securities has maintained a Buy rating on China Molybdenum Co (CMCLF) with a price target of HK$26.97, while the shares closed at HK$22.32. Additionally, TipRanks also issued a Buy rating on January 16. However, on January 14, TipRanks downgraded the company to a Hold.

Tip Ranks

New Buy Rating for China Molybdenum Co (CMCLF), the Basic Materials Giant

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The Shangai Composite Index decreased -39 points or 0.94 percent on Friday to close at 4119 points.The decline was led by Aluminum Corporation of China (-10.00%), China Molybdenum (-9.58%) and Zijin Mining (-7.25%).On the upside, the strongest performers were China Yangtze Power (1.65%), China Eastern Airlin (1.11%) and China Shenhua Engy (0.80%).

Trading Economics

CYPC

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Guotai CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

CHINA SHENHUA

CSEC/China Shenhua

CHALCO

The Shangai Composite Index Closes 0.94% Lower

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Goldman Sachs' latest report significantly raises the profit forecasts for Chinese mining companies. The report adjusts the overall profit expectations for covered companies from 2026 to 2027 upward by 9%-33%. Among them, Zijin Mining and CMOC have seen their profit forecasts raised by 14%-18% and 20%-24%, respectively, due to capacity expansion and progress in strategic mergers and acquisitions. Analysts point out that leading companies will benefit from both volume and price drives, and the current sector valuation remains attractive

- Goldman Sachs' global commodity research team significantly raised its price forecasts for gold and copper, predicting improved profitability for Chinese mining companies.  
- The report anticipates a 10%-16% increase in the 2026 gold price to around $4,978 per ounce and a 7% increase in copper prices to $12,200 per metric ton.  
- Headline firms are expected to benefit from both price growth and capacity expansion, with predictions of copper production increases of 9%-14% by 2026, alongside bolstered earnings forecasts.

Wallstreetcn

Zijin Mining

Copper prices soar, are Chinese mining companies making a fortune?

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CMOC (3993.HK) opened higher yesterday and continued to rise, driven by a significant increase in the new energy metals sector. During the trading session, funds repeatedly increased their positions, closing at a recent high, attracting market attention. The overseas prices of core products such as cobalt and copper have risen, strengthening the company's profit expectations. Main funds continued to push higher during the session, accompanied by a high turnover rate, with intensified intraday fluctuations, but the bullish pattern clearly dominated. The company has made phased progress in its mining business in Africa, which has also become a highlight of public and fund attention. The technical daily golden cross pattern is clear, with trading volume significantly increasing over the past two trading days. Sector hotspots continue to rotate, intertwining the new energy and energy storage sectors, with strong institutional holding sentiment. After consecutive increases, some short-term funds may choose to take profits, raising the risk of high-level pullbacks. If there is an adjustment in the commodity market or negative overseas macroeconomic news, stock price fluctuations may quickly intensify. The strategy should primarily focus on high selling and low buying in line with the trend, waiting for the main funds' new round of layout signals

Technical Forecast

Hwabao WP CSI Non-ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

GF CSI Rare Metals Theme ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

GF CSI All Share Materials ETF

Morning Trend | CMOC (3993.HK) Golden Cross, Focus on Rotation of New Energy Metals

SGCMOLY@EC2607A(19556.HK)

STOCKS | Hong Kong Stock Index to Include CATL, CMOC, and Laopu Gold

The Hang Seng Index quarterly review reveals that CATL, LAOPU GOLD, and CMOC have turned blue, increasing the number of blue-chip stocks to 90

STOCKS | Hang Seng Index Expands with New Additions

Top 5 HK Stock Gainers/Losers (>100B) (2.13)

Congo's copper exports grew nearly 10% last year, mostly produced by Chinese companies