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Is Inner Mongolia Xingye Silver &Tin MiningLtd (SZSE:000426) A Risky Investment?
Inner Mongolia Xingye Silver&Tin Mining (000426.SZ): Xiling Mining intends to acquire the exploration rights of Chaobuleng, and Rongguan Mining intends to acquire the exploration rights of Chagan Aobao.
On September 18th, Xingye Silver&Tin Mining (000426.SZ) announced that its wholly-owned subsidiary Inner Mongolia Xingye Group Silin Mining Co., Ltd. (referred to as "Silin Mining") intends to sign a "Mineral Exploration Right Transfer Agreement" with the company's controlling shareholder Inner Mongolia Xingye Gold Smelting Group Co., Ltd. (formerly known as "Inner Mongolia Xingye Group Co., Ltd.", referred to as "Xingye Group," "Transferor," or "Party B"). Silin Mining intends to acquire the mineral exploration right of the multi-metal mine in Chaobuleng mining area, East Ujimqin Banner, Inner Mongolia Autonomous Region, currently held by Xingye Group (certificate number: T1500002009113010).
China Post Securities: The Federal Reserve's interest rate cut may exceed expectations, and metal prices generally rise.
Last week, gold reached a new high and retraced due to recession expectations. Gold followed crude oil in rebounding, while silver benefited from a slower recession and rose even more. On the other hand, the main variable affecting the future trend of copper prices is the inflation expectations of the US economy.
Individual Investors Among Inner Mongolia Xingye Silver &Tin Mining Co.,Ltd's (SZSE:000426) Largest Stockholders and Were Hit After Last Week's 4.4% Price Drop
Guolian: The fundamentals of the industrial metals sector are generally improving, benefiting from the rise in gold prices. Companies in the precious metals sector have seen a substantial increase in performance.
In 2024, the copper supply side is constantly disturbed, while the decrease in resource grade and insufficient long-term mineral capital expenditure constrain the mid-to-long-term supply, and the expected interest rate cuts by the Federal Reserve are expected to catalyze a new round of copper price increases.
Far East Gold Executed Share Placement With China-listed Xingye for 19.9% Stake; Shares Rise 3%
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