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[SMM News] non-ferrous metal A-share plate floating red Huayu mining trading limit!
Jul 6,2020 11:00CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 6: today's morning trading non-ferrous metals A-share plate all floating red, Huayu Mining continued last week's market continued to rise, Zhuye Group, Yunnan Aluminum shares hit the daily limit, Silver Nonferrous, Luoyang Molybdenum Industry, Chinalco, Yunnan Germanium Industry and so on rose.

On July 3, Huayu Mining issued a notice on the result of convertible debt conversion and share change, saying that during the period from April 1, 2020 to June 30, 2020, Huayu converted RMB 9000 yuan, and the number of shares formed as a result of the conversion was 882 shares. accounting for 0.0002% of the total issued shares of the company before the conversion of convertible bonds into shares. As of June 30, 2020, a total of 40000 yuan of Huayu convertible bonds had been converted into shares of Tibet Huayu Mining Co., Ltd., and the number of shares formed as a result of the conversion was 3920 shares, accounting for 0.0007% of the total issued shares of the company before the convertible bonds were converted into shares.

On June 29, Huayu Mining announced that the mining and separation project of the Chagele lead-Zinc Mine in Anren County, Tibet Autonomous region, a subsidiary of the company's holding subsidiary, Xigaze Jiashi Mining Co., Ltd., had been approved by the Department of Ecological Environment of the Tibet Autonomous region, thus completing an important link in the processing of mining licenses for the project. The company said that after the mining license for this project is approved, Huayu Mining will increase its production capacity and profits on a larger scale.

The share price of Huayu Mining Co., Ltd. skyrocketed. EIA approval for super-large lead-zinc mines will increase production capacity and profits.

Galaxy Securities said that with the macroeconomic improvement, it is recommended to focus on the copper industry, which is highly sensitive to the economy and whose prices have rebounded nearly 40% from the bottom, and recommend Yunnan Copper, Zijin Mining, Jiangxi Copper and Western Mining. In addition, after the lifting of quarantine in the United States, the economy began to recover, and the price of crude oil has also risen from low to 40 US dollars per barrel, which will help to improve inflation expectations in the United States. Under the suppression of nominal yields in the United States by the combination of "zero interest rate + unlimited QE" of the Federal Reserve, the upward trend of inflation expectations will further reduce real interest rates in the United States, which is expected to help gold prices continue to rise. Recommend Shandong Gold, Chifeng Gold, Yintai Gold, Hengbang shares. At present, the lithium price has reached the bottom of the industry, Ganfeng Lithium Industry, Ya Hua Group and Weihua shares, which continue to recommend the upstream resource end of the industrial chain and enter the supply chain list of leading manufacturers of new energy vehicles or power lithium battery manufacturers.

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