HK Stock Market Move | CMOC Group Limited (03993) rose by over 8% again. SK Hynix replaces tungsten with molybdenum, and demand for molybdenum materials is expected to undergo structural reassessment.

CMOC Group Limited (03993) rose by more than 8%, rising 7.55% to HK$20.22 at the time of writing, with a turnover of HK$1.861 billion. On the news front, SK hynix is advancing its 375-layer 3DNAND molybdenum line technology, following Samsung's lead in switching storage leaders, further establishing the trend of molybdenum penetration in high-end semiconductor applications. CCB International pointed out that if Samsung and SK hynix continue to expand the application range of molybdenum technology, the demand for molybdenum in the semiconductor industry is expected to enter the stage of mass production from validation, driving a reassessment of molybdenum from traditional industrial metals to high-end manufacturing and semiconductor materials. It is worth noting that CMOC Group Limited is actively expanding its gold resources. Huaan stated that the Brazilian gold mine series is currently in operation, with completion of delivery expected in January 2026, and an estimated annual gold production of 6-8 tons in 2026. The gold sector is expected to contribute substantial incremental growth. The company is seizing the upward trend in precious metals, strategically expanding its gold business, and is expected to build a long-term asset base through the dual drivers of copper and gold.