HK Stock Market Move | CMOC Group Limited (03993) rose by nearly 5% as the strategic metal prices have significantly increased. The company's layout in gold mines is expected to bring new profit growth points.

CMOC Group Limited (03993) rose nearly 5%, at the time of publication, up 4.83%, to 6.73 Hong Kong dollars, with a turnover of 256 million Hong Kong dollars. On the news front, China Securities Co., Ltd. pointed out that the prices of molybdenum and tungsten have been continuously rising, emphasizing the investment opportunities in strategic metals. Since the beginning of the year, prices of strategic metals such as antimony, bismuth, tungsten, and molybdenum have taken turns to perform well. In recent years, the prices of various strategic minor metals have shown a significant upward trend, mainly due to the increasing scarcity of resources, the growing rigidity of supply, and the demand side benefiting from the development of new energy, new materials, manufacturing upgrades, and military industries. In addition, critical ore resources have become a new "battlefield" for countries. China Securities Co., Ltd. continues to be optimistic about the value return of domestic advantageous strategic minerals and the revaluation of stock valuation, and recommends paying attention to investment opportunities in strategic metals. In April of this year, the company announced that it would acquire the Canadian-listed company Lumina Gold in an all-cash transaction, with a total transaction price of approximately 5.81 billion Canadian dollars. In addition, the company's board of directors agreed to appoint Que Chaoyang and Liu Jianfeng as executive director candidates, and appointed four new senior executives. Que Chaoyang was appointed Executive Vice President and Chief Operating Officer, Liu Jianfeng was appointed Chief Investment Officer, Kenny Ives was appointed Vice President and Chief Business Officer, and Tan Xiao was appointed Vice President. Guotou Securities believes that the company's future copper mine production capacity has growth potential, and the results of organizational upgrades and cost reductions can be expected, laying out new profit growth points in gold mines.