According to the research reports of Huaan Securities, CMOC Group Limited (603993.SH) is a leading copper and cobalt enterprise in the world. TFM and KFM in Congo (Kinshasa) have continuously contributed to incremental production, achieving the dual-wheel drive of industrial and energy metals. The existing projects of the company have fully achieved production targets, and the incremental projects are progressing fast and efficiently, maintaining a "buy" rating. According to the company's 2024 output guidance, it is expected to produce 520,000-570,000 tons of copper metal, 60,000-70,000 tons of cobalt metal, and 12,000-15,000 tons of molybdenum metal. The copper-cobalt production volume is expected to reach a new high. At the same time, the company plans to expand its African production capacity, and launch the TFM phase III and KFM phase II expansion projects in a timely manner to promote the full production and achievement of production targets in Africa.
华安证券：洛阳钼业增量项目高效快速推进，维持“买入”评级
Huaan Securities: The incremental project of CMOC Group Limited is progressing fast and efficiently, maintaining a "buy" rating.
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