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French miners lament that the profitability of nickel mining business cannot be achieved without china technology and equipment.
① The multinational mining giant Ehmann stated that western companies cannot make a profit in the nickel mining business in Indonesia without relying on china's technology, equipment, and management experience; ② Ehmann and BASF have canceled the 2.6 billion dollar nickel-cobalt refining plant project in Indonesia due to it being 'economically unfeasible'; ③ Ehmann is collaborating with China’s Qingshan Holding to operate the nickel mine in Weda Bay, with the CEO stating that china's technology, expertise, and equipment are key to competitiveness.
Aluminum stocks generally rose, chinahongqiao (01378) increased by 3.29%. Institutions indicate that aluminum prices are expected to reopen an upward channel in the fourth quarter.
Chinahongqiao's stock price rose, with China Hongqiao (01378) up 3.29%, RUSAL (00486) up 2.15%, Xingfa Alum (00098) up 1.12%, and Aluminum Corporation of China (02600) following suit. Dongguan Securities stated that policy stimulus and fundamentals are performing together, with steady growth in aluminum market demand. Aluminum materials, with excellent properties such as lightweight, high strength, corrosion resistance, and strong heat dissipation, are widely used in transportation, aviation, energy engineering, architectural decoration, and other fields. Currently, the concepts of lightweight autos and green development are deeply rooted in people's hearts, with multiple terminal application scenarios ready to take off. Since September,
Cancellation of aluminum and copper material export tax rebates; domestic and international prices show differentiation; leading enterprises accelerate overseas layout.
① Following the announcement of the cancellation of export tax rebates for aluminum and copper materials, aluminum prices showed a trend of "strong externally, weak internally"; ② In the long term, this will drive the industry to focus on high value-added product areas and the overseas expansion of enterprises.
Aluminum stocks weaken, Aluminum Corporation of China (02600) fell by 4.91%. The Nonferrous Metals Industry Association stated that there are irrational factors in the trend of alumina prices.
Kingwu Financial News | Aluminum stocks weakened, as of the time of publication, Aluminum Corporation of China (02600) fell by 4.91%, Aluminum Corporation of China (01378) fell by 2.34%, Xingfa Alum (00098) fell by 1.36%. On the news side, a relevant person in the China Nonferrous Metals Industry Association answered questions from reporters about the current aluminum oxide market: We believe that there are irrational factors in the trend of aluminum oxide prices, and there is obvious excessive speculation by capital. Calculating based on current costs and prices, the average profit of the aluminum oxide industry exceeds 2000 yuan per ton, which is unsustainable and should not continue. First, we hope that all parties will treat the market with awe, abide by the rules,
Xingfa Aluminium Arm to Dispose Stake in Guangdong Guangxin Innovative Research Centre
xingfa alum (00098.HK) entered into an equity transfer agreement.
Grong Hui Nov 6th xingfa alum (00098.HK) announced that on November 6, 2024, Guangdong Xingfa (the Company's indirect wholly-owned subsidiary), FSPG Hi-Tech, and Star Lake Bioscience entered into an equity transfer agreement with Guangxin Holdings. Under the equity transfer agreement, Guangdong Xingfa, FSPG Hi-Tech, and Star Lake Bioscience each agreed to sell and transfer 2.80% of the equity of Guangdong Guangxin Innovation Research Institute Co., Ltd., while Guangxin Holdings agreed to acquire and accept a total of 8.40% of the equity of the target company. The total consideration for the sale is approximately RMB 33,559,390. On the date of this announcement.
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