Cobalt metal under pressure, cmoc group limited (03993) fell by 6.32%. Gtja sees a cautious demand atmosphere in the sector.

Cobalt metal is under pressure, with Cmoc Group Limited (03993) falling by 6.32% and Jinchuan Intl (02362) falling by 5.26%. Gtja pointed out that the cobalt sector is in a wait-and-see atmosphere of demand, and the driving force for cobalt salt price increase is insufficient. Under the game of cobalt prices, cobalt companies extend downstream to the new energy manufacturing industry, forming an integrated cost advantage of cobalt-nickel-precursor-three yuan, and enhancing competitive barriers. As for electrolytic cobalt, overseas prices continue to decline. The demand for electrolytic cobalt in the domestic downstream high-temperature alloy and magnetic material markets is flat, and the on-site transaction atmosphere is poor. As for cobalt salt, the downstream continued to rise with insufficient driving force, and some smelters sold at low prices. The price of cobalt salt

金吾財訊02:34 ET

The nonferrous metals sector continues to decline, and Cmoc Group Limited (03993) falls 5%. Debang Securities expects that the need for a third interest rate cut will catalyze future price hikes.

Metal sector continues to decline, with CMOC Group Limited (03993) down 5%, Aluminum Corporation of China (02600) down 3.19%, China Hongqiao (01378) down 3.02%, and Zijin Mining Group (02899) and SD Gold (01787) following the downward trend. Debang Securities pointed out that the spot gold price in the domestic market fell 0.2% this week, while the COMEX silver price fell 5.2%. Gold and silver prices generally rose and fell in the week. On the one hand, there was some selling pressure on the trading side because the gold price just broke through the previous high. On the other hand, the market felt confident about the Fed's interest rate cut, and most of the expectation for a rate cut in September has already been reflected.

金吾財訊23:11 ET

HK Stock Market Changes | Non-ferrous metal stocks continue to weaken, CMOC Group Limited (03993) dropped by 5%, lingbao gold (03330) dropped by 3%.

Non-ferrous metal stocks continue to weaken. As of press time, cmoc group limited (03993) fell by 5%, to HKD 6.46; Lingbao Gold (03330) fell by 3%, to HKD 3.23; and Zijin Mining Group (02899) fell by 2.59%, to HKD 15.78.

Zhitong Finance22:17 ET

Hong Kong stock concept tracking | Metal sector is the big winner in the first half of the year! Institutions: The long-term trend of precious metals and non-ferrous commodities is still bullish. (Attached concept stock)

Recently, the industrial metals sector has successively disclosed its half-year performance forecasts.

Zhitong FinanceJul 18 19:59 ET

CMOC Group Limited (03993): Net income is expected to increase by over six times, copper prices are rising, and cobalt prices can still be profitable even if they hit bottom?

As is well known, it is not easy for elephants to dance.

Zhitong FinanceJul 16 08:39 ET

CMOC Group Expects Up to 716% Jump in H1 Profit, Shares Up 4%

MT NewswiresJul 15 01:34 ET