601899 Zijin Mining Group
- 15.92
- +0.07+0.44%
Zijin Mining Group News
Leading mining company is making acquisitions! Zangge Mining is planning a change in control, and Zijin Mining Group intends to take the lead | Summary of the announcement.
Zangge Mining announced a significant notice, planning to transfer 24.72% of its shares, directly indicating a change of control, with the buyer being the mining giant Zijin Mining Group. It is worth noting that in recent years, Zangge Mining and Zijin Mining Group have made considerable moves in the expansion of lithium resources. The change of ownership of Zangge Mining to Zijin Mining Group is just one of several acquisition cases by the latter; looking at 2024 alone, Zijin Mining Group has already undertaken four large-scale acquisitions.
Gold: Rebound Towards Last Month High at $2725 Is Possible – Société Générale
Express News | JPMorgan Chase & Co's Short Position in H-Shares of Zijin Mining Increases to 2.32% on Jan 3 From 1.73% - HKEX
Zijin Mining Group Increases Stake in Xanadu Mines
Completion of Placement to Zijin Mining
Fujian Longking (600388.SH): Zijin Mining Group has cumulatively increased its shareholding by 1.2471% in the company.
On January 8, Gelonghui reported that Fujian Longking (600388.SH) announced that Zijin Mining Group, through a centralized bidding method, will increase its shareholding in the company by a total of 15,838,788 shares from November 26, 2024, to January 8, 2025, accounting for 1.2471% of the company's total share capital. The funds for this shareholding increase are from its own resources. After this increase, Zijin Mining Group will hold 262,735,676 shares of the company, accounting for 20.6871% of the total share capital; Zijin Mining Group and its wholly-owned subsidiaries Zijin Capital and Zijin Investment will together hold 312,482,629 shares of the company, due to public...
Gold: China's Central Bank Buys More Gold – ING
Europe Natural Resources Fund: The performance of Gold will surpass that of the US stock market in 2024. Next year's trend will depend on whether Emerging Markets demand can be sustained.
Li Gangfeng stated that the price of gold in US dollars rose by 25.5% in 2024, setting a new historical high 40 times (with the highest seen at 2,790 dollars), achieving the best annual performance in the past 14 years, while last year's returns also outperformed the US stock market.
Zijin Mining Group (02899.HK) plans to donate 30 million yuan in cash to the earthquake-stricken area.
On January 8, Gelonghui reported that Zijin Mining Group (02899.HK) announced that it held the 1st interim meeting of the 8th Board of Directors on January 8, 2025, through a communication voting process. The meeting unanimously reviewed and approved the proposal to donate 30 million yuan to the earthquake disaster area in Tibet's Shigatse. The relevant situation is announced as follows: On January 7, at 9 a.m. Beijing time, a magnitude 6.8 earthquake struck Dingri County in Shigatse, Tibet, causing significant casualties and widespread building collapses. The disaster area is located in a high-altitude, cold region, and it is winter, making immediate relief essential for the affected population. In support of the disaster-stricken region, the commitment to social responsibility is being actively fulfilled.
Zijin Mining Group (601899.SH) donated cash and supplies to the earthquake disaster area in Tibet.
Zijin Mining Group (601899.SH) announced that at 9:00 AM Peking time on January 7, in Dingri County, Shigatse City, Tibet...
Will Gold Rally to Fresh Highs This Year? Have Your Say
Express News | China's Zijin Mining's First Lithium Mine Project in the Democratic Republic of the Congo Expected to Begin Production in Q1 2026 - Cailianshe
Gold Futures Close Higher On Weaker US Dollar
Gold Declines After Trump Says His Tariffs Won't Be Pared Back
Gold Futures End Lower
Goldman Sachs Delays $3,000 Gold Forecast, Sees Fewer Rate Cuts In 2025
"Is the 'Trump Shock' putting an end to the Gold feast? Goldman Sachs changes its stance: Gold prices may struggle to rise to 3,000 dollars by the end of the year."
①Goldman Sachs predicts that gold prices may not rise to $3,000 by the end of the year, as Trump's policies may lead the Federal Reserve to reduce the scale of interest rate cuts in 2025; ③Goldman Sachs pointed out that central banks' continued buying of gold is a key driving factor for long-term gold prices, and it is expected that by mid-2026, the average monthly purchase volume by central banks will reach 38 tons.
Wall Street continues to look forward to the Gold bull market: aiming for 3,000 dollars.
After experiencing a glorious year in 2024, Fund managers still see reasons to remain Call.
Goldman Sachs has changed its mind! It has lowered the Target Price for Gold and no longer expects it to reach 3000 USD by the end of the year.
Goldman Sachs pointed out that the slowdown in the USA's monetary policy easing in 2025 will suppress the demand for Gold ETFs. Therefore, it is expected that the gold price will reach $2910 per ounce by the end of this year, rather than the previously anticipated $3000 per ounce. Goldman Sachs also expects the gold price to reach $3000 per ounce by mid-2026 as the Federal Reserve continues to cut interest rates.
The Golden Industrial Concept stocks have collectively declined, with LINGBAO GOLD (03330) dropping 4%. Goldman Sachs no longer predicts that gold prices will reach $3,000 this year.
Jinwu Financial News | Golden Industrial Concept stocks have seen a general decline. As of the time of writing, LINGBAO GOLD (03330) is down 4%, SD GOLD (01787) is down 1.62%, ZHAOJIN MINING (01818) is down 1.40%, and Zijin Mining Group (02899) is down 0.83%. On the news front, Goldman Sachs released a Research Report indicating that due to the market's expectation that the Federal Reserve will reduce interest rates from 100 basis points to 75 basis points this year, it expects that gold will not reach $3,000 per ounce by the end of this year and has postponed this prediction to mid-2026. The report states that this year the Federal Reserve will slow the pace of interest rate cuts, which will suppress demand for Gold ETFs.
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