On June 14th, Guosen Securities research report pointed out that Cmoc Group Limited (603993.SH) is a global leader in copper and cobalt. The TFM and KFM projects in Congo (Kinshasa) continue to contribute to the growth of industrial metals and energy metals, achieving dual-wheel drive. The stock projects of the company have achieved full production and standards, while the incremental projects are efficiently and rapidly promoted. The rating remains 'buy'. According to the company's production guidance for 2024, the expected production of copper metal is 520,000-570,000 tons, cobalt metal is 60,000-70,000 tons, and molybdenum metal is 12,000-15,000 tons. The copper and cobalt output is expected to reach another record high. At the same time, the company plans to expand its African production capacity and timely launch TFM Phase III and KFM Phase II expansion projects to promote the full production and standards of production capacity in Africa.
研报掘金丨华安证券：洛阳钼业增量项目高效快速推进，维持“买入”评级
Research Reports | Huaan: Cmoc Group Limited's incremental projects are progressing efficiently and quickly, maintaining a "buy" rating.
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