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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.
Hong Kong stocks surged | mmg (01208) rose more than 4%, its subsidiary mining site Las Bambas approved for renovation by local environmental regulatory authorities.
mmg (01208) rose more than 4%, as of the deadline for submission, up 4.31%, at 2.66 Hong Kong dollars, with a turnover of 15.0186 million Hong Kong dollars.
Copper Expected to Get Election Day Boost -- Market Talk
Hong Kong stock concept tracking | Myanmar rare earth mining remains stagnant, short-term prospects of rapid rise in the rare earth industry (with concept stocks)
Regarding the future market, tianfeng believes that, in the context of optimizing the supply and demand structure of the industry, the center of rare earth prices will significantly increase. What is even more important is that it is expected that the sustainability of price increases and the realization of profits will improve, thereby leading to the stock price's elasticity to rare earth prices also expected to continue to magnify.
Hong Kong stocks are moving differently | Copper stocks rebounded in early trading, limited downside space for bulk metal prices, strong macro sentiment providing solid support for copper prices.
Copper stocks rebounded in the morning, as of the press time, mmg (01208) rose by 7.69%, to HK$2.94; chinfmining (01258) rose by 5.23%, to HK$5.83; jiangxi copper (00358) rose by 4.89%, to HK$13.74; zijin mining group (02899) rose by 2.65%, to HK$17.02.
MMG's Unit to Sell Copper Concentrate to Controlling Shareholder
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