No Data
Hong Kong stock fluctuation | CMOC Group Limited (03993) is currently down over 5% as the Democratic Republic of Congo suspends cobalt exports for four months and HSBC lowers the company's cobalt sales forecast.
CMOC Group Limited (03993) is currently down over 5%. As of this writing, it has decreased by 4.72%, trading at 5.25 Hong Kong dollars, amounting to 0.176 billion Hong Kong dollars.
Market Chatter: CMOC Says DRC Suspends Cobalt Exports Amid Oversupply
Kaiyuan Securities: The Democratic Republic of the Congo has implemented a temporary export ban, which may boost cobalt prices.
To address the surplus of cobalt, the government of the Democratic Republic of the Congo has taken measures to suspend exports. The core of this ban is to curb the continuous decline in cobalt prices.
【Brokerage Focus】CITIC SEC indicates that the Democratic Republic of Congo has suspended cobalt exports, and cobalt prices are expected to stabilize and rebound.
Jinwu Financial News | CITIC SEC stated that on February 24, 2025, the Democratic Republic of Congo's Bureau for the Regulation and Control of Strategic Mineral Markets issued a statement indicating that the Prime Minister and the Minister of Mining signed a decree to suspend cobalt exports for four months in response to the Global oversupply of cobalt. This measure will take effect from February, and the statement mentioned that the government will conduct an evaluation after three months, at which point adjustments or lifting of the suspension may occur depending on the situation. The bank estimated that if the country's cobalt export ban is strictly implemented, it could impact the Democratic Republic of Congo's nearly 0.07 million tons of cobalt exports and have a significant effect on the Global cobalt market. According to the International Cobalt Institute's estimates,
Express News | Democratic Republic of Congo Considering Introduction of Cobalt Export Quotas - Sources
Hong Kong stock concept tracking | The copper price market may rise steadily. Institutions are bullish on the positive effects of optimizing the domestic Copper Industry Chain (with concept stocks attached).
Goldman Sachs expects the copper deficit to be 180,000 tons and 250,000 tons in 2025 and 2026, respectively.
