UBS published a research report for the first time that Russian gold mining company PETROPAVLOVSK split the investment rating of commodity and industrial commodity exploration, development and producer Tiejiang's spot “buy”. This was valued based on the cash flow discount rate and the target price was 4.66 yuan.

According to UBS, iron goods operates a total of 3 iron ore projects in Amur State in Russia and Heilongjiang Province in China. Among them, the Kuranakh mine began operation in June and has already produced 151 Ktpa. The bank expects Iron Goods to reach a full load of 920 ktpa titanium magnetite concentrate in 2011, and 290 ktpa iron ore in 2011.

According to the bank, the main advantage of iron and molybdenum is stronger than Australia's supply. It has a regional advantage in sales to North China and Northeast China. It can benefit from the premium advantage of freight prices, and is supported by the premium advantage of freight prices because buyers will only pay railway freight. Therefore, we believe that the selling price of iron ore for heavy iron ore goods is at a premium compared to the offshore price of iron ore powder in Australia.

Iron goods closed at HK$1.58 yesterday.