Disseminated on behalf of Capacitor Metals Corp. and Zimtu Capital Corp. Capacitor Metals Corp. proudly announced the addition of US-based Dr. Daniel F. Persico to its Advisory Board. With nearly 30 years of experience in the tantalum and niobium industries, Dr. Persico is a leading figure, currently serving his seventh term as President of the Tantalum-Niobium International Study Center (T.I.C), the global association for these critical materials. He also heads MTAL LLC, a consultancy speci...
Disseminated on behalf of Capacitor Metals Corp. and Zimtu Capital Corp. Nvidia, the global leader in artificial intelligence computing and the world‘s second most valuable company with a market capitalization in excess of $3 trillion USD, owes its success in part to the unique properties of tantalum. This rare high-tech metal is essential for computer chips, which are critical to the operations of Nvidia and other major chip manufacturers in China and Taiwan. The unsung hero as a technology-...
Disseminated on behalf of Commerce Resources Corp. and Zimtu Capital Corp. With Chris Grove at the helm, Commerce Resources Corp. has developed Ashram into the largest rare earth and fluorspar deposit in the Western Hemisphere, setting it up to be one of the lowest-cost rare earth producers globally. After an extensive global search for a leader to guide the company‘s next growth phase, the highly experienced resources executive Ross Carroll was announced recently as the new President and CEO...
A director at Commerce Resources Corp maiden bought 700,000 shares at 0.125CAD and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last ...
Three Directors at CMOC Group Limited sold 9,071,462 shares at 7.770CNY. The significance rating of the trade was 86/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
Which will come first in Canada, the mine or the facility to process rare earths? Although there‘s no active rare earths mine in Canada at the moment, a commercial minerals-to-metals processing plant for demonstration purposes is being built by the Saskatchewan Research Council (SRC), an agency of the provincial government. SRC‘s President and CEO, Mike Crabtree, sees this “chicken-and-egg situation“ clearly in favor of building first the front-end to then give “nascent mine operations off-take ...
2022 is on its way to mark the historic year when some critical REEs (Rare Earth Elements) have slipped into a supply deficit, first and foremost neodymium (Nd) and praseodymium (Pr). Both these highly sought-after metals are needed to produce permanent magnets for electric vehicle motors and wind turbines, to name a few. With demand expected to grow strongly, the NdPr supply deficit will be expanding to dramatic levels, reaching a shortfall in 2030 equal to 3 times the projected NdPr oxide outp...
The general evaluation of CHINA MOLYBDENUM (HK), a company active in the General Mining industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 1, 2022, the closing price was H...
Rare Earth Elements (REE) prices are sky-rocketing, reaching levels last seen during the 2011-boom. Back then, it became obvious to the Western world that the Chinese dominance in the REE sector needs to be broken to ensure a reliable source for the future. Only now are governments in the US, EU and Australia starting to act and providing funding for REE projects to accelerate new sources coming online in the next years, when a dramatically widening supply shortfall is anticipated. With its As...
The independent financial analyst theScreener just changed two ratings for the qualification of CHINA MOLYBDENUM (CN), active in the Non Ferrous Metals industry. Its market behaviour has improved and can now be considered as moderately risky; its fundamental valuation receives an improved star rating and now shows 2 out of 4 stars. theScreener considers that these elements slightly improve the general evaluation, which passes therefore to Neutral. As of the analysis date January 21, 2022, the cl...
GREATER CHINA Results China Molybdenum (3993 HK/BUY/HK$5.20/Target: HK$7.20): 1H21: Strong results on price hikes for metals. ENN Energy (2688 HK/HOLD/HK$162.20/Target: HK$146.00): 1H21: Strong results in line with expectations; await a better entry point. Goldwind Science & Technology (2208 HK/BUY/HK$14.12/Target: HK$16.30): 1H21: WTG sales margin on track to meet full-year guidance. JD.com (JD US/BUY/US$63.62/Target: US$77.00): 2Q21: Strong results overshadowed by widening loss from new busine...
China Molybdenum posted 1H21 net profit growth of 139% yoy to Rmb2.4b, beating market expectation. Stripping out the metals trading business IXM, the mining business’ gross margin expanded to 41.9%. Management expects to achieve its fullyear production target, and maintains its positive outlook on copper and cobalt in the long run. Expansion projects are on track, with copper and cobalt production to see a significant increase from 2023. Maintain BUY with target price at HK$7.20.
KEY HIGHLIGHTS Results China Molybdenum (3993 HK/BUY/HK$5.20/Target: HK$7.20) 1H21: Strong results on price hikes for metals. ENN Energy (2688 HK/HOLD/HK$162.20/Target: HK$146.00) 1H21: Strong results in line with expectations; await a better entry point. Goldwind Science & Technology (2208 HK/BUY/HK$14.12/Target: HK$16.30) 1H21: WTG sales margin on track to meet full-year guidance. JD.com (JD US/BUY/US$63.62/Target: US$77.00) 2Q21: Strong results overshadowed by widening loss from new busin...
GREATER CHINA Results WuXi AppTec (2359 HK/BUY/HK$160.20/Target: HK$175.00): 1H21: Adjusted earnings up 67.8% yoy, targeting 30% revenue CAGR in 2021-23. Update China Molybdenum (3993 HK/BUY/HK$6.27/Target: HK$7.20): Expansion on track; earnings set to recover on metal price rebound. INDONESIA Results PP London Sumatra (LSIP IJ/SELL/Rp1,135 /Target: Rp910.00): 2Q21: Results within our expectations. MALAYSIA Strategy Looking Beyond The Political Smoke Screen: Looking forward to economic reopeni...
CMOC recently announced the further construction plan for mixed-ore Tenke mine in DR Congo; it has a capex budget of US$2.51b, which would help it to double its copper and cobalt production from 2023 onwards. Earnings should have risen on the metal price rebound in 1H21. Cobalt price is expected to sustain the uptrend momentum into 2H21, with demand recovery mainly from the EV sector. We raise earnings forecast on higher metal price forecasts, and raise target price to HK$7.20. Maintain BUY.
KEY HIGHLIGHTS Results WuXi AppTec (2359 HK/BUY/HK$160.20/Target: HK$175.00) 1H21: Adjusted earnings up 67.8% yoy, targeting 30% revenue CAGR in 2021-23. Update China Molybdenum (3993 HK/BUY/HK$6.27/Target: HK$7.20) Expansion on track; earnings set to recover on metal price rebound.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Lithium hydroxide has outperformed on the rising nickel-rich battery trend. Top battery makers are securing lithium hydroxide resources. We re-iterate our view that lithium is one of the key beneficiaries, among other metals, of the coming EV boom, as it is a must-have raw material for EV batteries and the supply tightness will persist in 2H21. Cobalt price is trending up ytd; Glencore will reopen the world’s largest cobalt mine by end-21. We expect the cobalt market to continue to recover in 2H...
Most recently, U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau committed to building an EV (“Electric Vehicle“) supply chain between both countries. “The move comes as demand for electrified transportation is set to surge over the next decade“, Reuters noted and added that “Washington is increasingly viewing Canada as a kind of ´51st State´ for mineral supply purposes and plans to deepen financial and logistical partnerships with the country’s mining sector over time, accordi...
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