According to the Pacific Securities Research Report, from January to March 2025, the Luoyang Molybdenum Industry achieved a median annual target of 27%/28%/25%/28%/26%/24%, respectively, and copper, cobalt, tungsten, and niobium were all overproduced. The company announced a five-year development target. By 2028, it plans to achieve an annual production of 80,000,000 tons of copper metal, 9,000-100,000 tons of cobalt metal, 25,000-30,000 tons of molybdenum metal, and more than 10,000 tons of niobium metal. By the end of 2024, cobalt and niobium production targets have been achieved ahead of schedule. It is believed that although short-term expectations are under pressure, they will not change the trend of tight copper supply side. At the same time, benefiting from the continuous development of emerging industries such as new energy and AI, the long-term copper price center is bullish. Be optimistic about the company's long-term development trends and maintain a “buy” rating.

Zhitongcaijing · 04/10 07:25
According to the Pacific Securities Research Report, from January to March 2025, the Luoyang Molybdenum Industry achieved a median annual target of 27%/28%/25%/28%/26%/24%, respectively, and copper, cobalt, tungsten, and niobium were all overproduced. The company announced a five-year development target. By 2028, it plans to achieve an annual production of 80,000,000 tons of copper metal, 9,000-100,000 tons of cobalt metal, 25,000-30,000 tons of molybdenum metal, and more than 10,000 tons of niobium metal. By the end of 2024, cobalt and niobium production targets have been achieved ahead of schedule. It is believed that although short-term expectations are under pressure, they will not change the trend of tight copper supply side. At the same time, benefiting from the continuous development of emerging industries such as new energy and AI, the long-term copper price center is bullish. Be optimistic about the company's long-term development trends and maintain a “buy” rating.