Published: Apr 2, 2024 15:34
Guosen Securities research report pointed out that the net profit attributable to the parent company of Luoyang Molybdenum Industry is expected to increase by 36% in 2023, with the completion and production of key projects, and the copper production volume is expected to reach one million tons in the next 5 years. With the completion and production of the TFM mixed ore project and the first phase of the KFM project, the company will enter a year of production release from 2023. It is one of the few large copper mining companies in the world that maintains high copper growth. In 2024, the company's copper production volume will double compared to 2022, and cobalt production will increase by 200%, potentially becoming one of the top 10 copper producers globally and the number one cobalt producer globally. The company owns top-tier global copper and cobalt mines, and the construction and production of two world-class projects will double the company's copper mine production volume within two years, demonstrating high performance elasticity for copper prices, maintaining a "buy" rating.

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