According to the DBS Research Report, it is expected that the project development of the Luoyang Molybdenum industry is progressing smoothly, and the expansion of cobalt production capacity will enable it to gain market share and meet cobalt market demand while the penetration rate of electric vehicles continues to increase. Luoyang Molybdenum's TFM cobalt production is expected to gradually expand to 24,000 tons within the next two years. The project will double the company's total cobalt production this year, translate into a stable compound annual growth rate of 48%, and reach 67,000 tons in 2025, thereby boosting its growth prospects. The bank also mentioned that Luoyang Molybdenum will cooperate with the Ningde era to enter the lithium market in Bolivia, and believes this move will support the Group's good profit prospects. The bank said that it expects the return on net worth (ROE) ratio (ROE) of Molybdenum's H shares to stabilize. The target price will be raised from HK$4 to HK$5.6, and the rating is “buy”; the target price of A-shares will be raised from RMB 6 to RMB 7, giving it a “buy” rating. The stock is currently reported at HK$4.69, with a total market value of HK$101.3 billion.