HK Stock Market Move | XIMEI RESOURCES (09936) rose more than 9% during trading hours. Strategic metal demand has significantly increased. The company is a core producer of tantalum and niobium metallurgical products.

XIMEI RESOURCES (09936) rose more than 9% in midday trading, reaching a high of 17.3 Hong Kong dollars, once again hitting a new all-time high. As of the time of writing, it had risen by 5.17% to 16.28 Hong Kong dollars, with a trading volume of 14.6124 million Hong Kong dollars. On the news front, the weekend saw a conflict between the US and Iran erupt. China Securities Co., Ltd. pointed out that the replenishment of weapons inventory and the stocking up of countries based on security needs are expected to drive a significant increase in demand for strategic metals (metals such as tungsten, molybdenum, antimony, rhenium, uranium, tantalum, beryllium, titanium, germanium, among others, all play important roles in defense industry), and the defense industry sector is not very sensitive to prices, so prices are expected to benefit fully. Huili Securities previously released a research report stating that XIMEI RESOURCES is a core producer of tantalum and niobium metallurgical products in China. Ganfeng Lithium Group currently holds a 15.79% stake in XIMEI RESOURCES, making it the second largest shareholder. As a global leader in the lithium industry, Ganfeng Lithium Group has long focused on the new energy metal industry chain. Tantalum and niobium are key materials in high-end sectors such as semiconductors, aerospace, and aviation, and are part of the strategic metal category along with lithium resources. Through its stake in XIMEI RESOURCES, Ganfeng Lithium Group may be aiming to expand its strategic metal portfolio and enhance its industry chain synergy in the high-end materials sector.