02899 ZIJIN MINING
- 14.940
- +0.120+0.81%
ZIJIN MINING News
China Huafu Securities: In October, copper ore imports fell compared to the previous month, and the processing fees remained stable at a low level.
As the usa Federal Reserve deepens interest rate cuts to boost investment and consumer spending, while also opening up domestic mmf policy space, the rebound of inflation brought about by loose monetary and fiscal policies after the usa election will support an upward shift in copper prices.
The golden industrial concept weakened as lingbao gold (03330) fell by 4.59%. Institutions indicate that gold prices may temporarily drop to $2400.
Golden News | Golden industrial concept weakens. As of the time of writing, lingbao gold (03330) fell by 4.59%, sd gold (01787) fell by 2.91%, zhaojin mining (01818) fell by 2.8%, zijin mining group (02899) fell by 2.64%, chinagoldintl (02099) fell by 1.79%. According to industry insiders, the market's expectations for a interest rate cut by the Federal Reserve in December have cooled, the geopolitical risks in the Middle East are weakening, and the recent rebound of the usd has all posed a bearish influence on international gold prices. Gold prices are facing adjustment pressure in the short term, but the medium to long-term trend remains bullish. China securities co.,ltd. research reports.
Eastern European central banks are aggressively purchasing gold, becoming the largest buyers globally. Will gold prices rise to 3000 dollars?
Central banks in Eastern European countries are accelerating their gold purchases to diversify investments and cope with external shocks, with the Czech Republic, Poland, Serbia and other countries becoming the largest buyers of gold together.
Hong Kong stock market anomaly | The golden industrial concept collectively fell, recent high gold price callback. Institutions suggest considering increasing allocation again around $2400.
The golden industrial concept stocks collectively fell. As of the time of publication, Lingbao Gold (03330) dropped by 4.26%, to 2.92 Hong Kong dollars; SD Gold (01787) fell by 3.2%, to 13.3 Hong Kong dollars; Zijin Mining Group (02899) fell by 2.51%, to 14.78 Hong Kong dollars.
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Express News | Saudi Arabia, Foreign Companies Sign Nine Investment Deals Worth More Than 35 Bln Riyals to Boost Global Supply Chains – Statement
Express News | Deals Include Copper Smelting, Refining, and Rod Production Facilities With Vedanta - Statement
Express News | Agreements Also Include Copper Refinery With Zijin Group - Statement
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Gold price sharply fell after "five consecutive increases"! Multiple banks have raised the risk level.
Gold prices fluctuate frequently
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.
Gold Futures End Lower, Tracking US COMEX Gold Market
Fujian Longking (600388.SH): zijin mining group and its wholly-owned subsidiaries' total shareholding ratio increased to 24.6660%.
Gelonghui on November 25th: Fujian Longking (600388.SH) announced that the company has cumulatively increased its shareholding by 15,959,529 shares through centralized bidding on the secondary market from November 15, 2024, to November 25, 2024, accounting for 1.3270% of the total share capital of the company as of November 22, 2024 (1,202,643,617 shares). After the shareholding increase, Zijin Mining Group and its wholly-owned subsidiary Zijin Mining Group Capital Investment Co., Ltd. (referred to as "Zijin Capital") and Zijin Mining Investment (Shanghai) Co., Ltd. (referred to as "Zijin Investment").
Stocks in Hong Kong fluctuated | Golden industrial concept turned lower in the afternoon, spot gold plunged during the session, institutions point out that there is still short-term suppression from the strong US dollar.
The golden industrial concept turned down in the afternoon, as of the time of writing, sd gold (01787) fell by 3.13% to 13.6 HKD; zijin mining group (02899) fell by 1.06% to 14.94 HKD; chinagoldintl (02099) fell by 0.48% to 41.65 HKD.
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Gold will continue to shine! Goldman Sachs: it will reach 3000 dollars next year, with global central banks being the 'main driver'.
① Goldman Sachs predicts that gold prices may reach $3,000 per ounce next year, as central banks around the world continue to buy gold in large quantities; ② the firm also believes that gold is the preferred trade for combating inflation and geopolitical issues in 2025.
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