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Are Strong Financial Prospects The Force That Is Driving The Momentum In Xiamen Tungsten Co.,Ltd.'s SHSE:600549) Stock?
Xiamen Tungsten Board Approves Listing of Rare Earth Subsidiary on National Equities Exchange and Quotations
Xiamen Tungsten (600549.SH): Jinlong Rare Earth intends to apply for listing on the national equities exchange and quotations.
On September 30, Gelunhui reported that Xiamen Tungsten (600549.SH) announced that the company held the sixth meeting of the tenth board of directors on September 30, 2024, and approved the "Proposal on the Subsidiary Fujian Jinguang Rare Earth Co., Ltd. Applying to List on the National Equities Exchange and Quotations System", agreeing that the company's subsidiary, Fujian Jinguang Rare Earth Co., Ltd. (referred to as "Jinguang Rare Earth"), to plan to apply for listing on the National Equities Exchange and Quotations System (referred to as NEEQ, i.e., the New Third Board) under the premise of meeting relevant laws, regulations, policies, and conditions.
There's Been No Shortage Of Growth Recently For Xiamen TungstenLtd's (SHSE:600549) Returns On Capital
GF SEC: Fluctuations in metal prices due to the volatility of Fed rate cut expectations.
Last week, Federal Reserve Board Director Waller and others stated that 'the signs of the US economy and job market cooling should be interpreted as weakening rather than deteriorating' and 'at this stage, they still support cautious rate cuts', which has raised market expectations of a smaller rate cut by the Federal Reserve in September.
Is Xiamen TungstenLtd (SHSE:600549) A Risky Investment?
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