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Research Reports Gold Digging丨Minsheng Securities: Maintains 'Recommended' rating for CMOC Group Limited, actively advancing the expansion plan.
Minsheng Securities Research Reports indicate that CMOC Group Limited (603993.SH) has fully completed the annual production plan. Based on the annualized output for Q4, the company's annual copper production capacity may reach 0.68-0.7 million tons, mainly benefiting from the support of the world-class copper mines TFM and KFM in the Democratic Republic of the Congo. The company has developed a five-year plan and production targets, and is currently actively promoting the expansion plan, with TKM and TFM expected to continue to ramp up production. Maintain the "Recommended" rating.
CMOC Logs Year-On-Year Growth in 2024 Metals Production
Stock market movement | CMOC Group Limited (03993) surged over 3% as two major Block Orders mines in the Democratic Republic of the Congo ramped up production, leading to a year-on-year increase of over 50% in annual Copper output.
CMOC Group Limited (03993) rose over 3%, as of the time of this report, it increased by 3.11%, priced at 5.64 Hong Kong dollars, with a transaction amount of 29.6325 million Hong Kong dollars.
Announcement of Luoyang Molybdenum Industry on the production status of major products in 2024
The two major Block Orders in the Democratic Republic of the Congo have increased production, CMOC Group Limited's 2024 Copper and Cobalt output both increased by over fifty percent year-on-year | Quick Announcement.
① Benefiting from the capacity expansion and increased production of the two major Block Orders mines in the Democratic Republic of the Congo, CMOC Group Limited's main mineral product output achieved overall growth last year; ② Among these, the increases in Copper and Cobalt products were particularly notable, with year-on-year growth rates exceeding fifty percent.
Express News | Cmoc Group Says 2024 Copper Output up 55% Y/Y to 650,161 Metric Tons
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