Zhongtai Securities released a research report on April 9 stating that it gave Luoyang Molybdenum Industry (603993.SH) a purchase rating. The main reasons for the rating include: 1) the company is a comprehensive mining resource leader with a global layout; 2) copper: turning resource advantages into production advantages and becoming the world's leading copper producer; 3) cobalt: has become the world's largest cobalt resource company; 4) supply and demand continue to be mismatched, and copper prices are already in a boom cycle; 5) cobalt prices have fallen to the bottom of history, waiting for the industry pattern to be clarified. (Mainichi Keizai Shimbun)