According to Zhicheng Finance APP, CMOC Group Limited (03993) rose over 3%, as of the report, up 3.09%, priced at 5.67 HKD, with a transaction amount of 21.1252 million HKD.

Guolian released Research Reports stating that in 2024, the company will achieve a production volume of Copper and Cobalt of 0.6502/0.1142 million tons respectively, with year-on-year growth of 55.0%/105.6%. In Q4 2024, the company's Copper production volume will be 0.1741 million tons, with a year-on-year growth of 14.2% and a quarter-on-quarter growth of 7.3%; Cobalt production will be 0.0294 million tons, with a year-on-year growth of 61.2% and a quarter-on-quarter decline of 4.1%. In the first half of 2024, the TFM mixed ore project successfully reached full production and standards with 3 production lines, along with the previously existing 10K and 15K lines, forming a total of 5 production lines with an annual Copper production capacity of 0.45 million tons. KFM has an annual production capacity of 0.15 million tons of Copper, and through continuous technological improvements and innovation in process flows, will frequently set new monthly production records in 2024.

The bank continues to point out the acceleration of turning resource advantages into capacity advantages, accumulating strength for a new round of growth. According to the company's five-year development plan, Copper production capacity is expected to increase to 0.8-1 million tons by 2028. The company has launched a new round of expansion plans, with early exploration work under way for the TFM Western area project and the KFM Phase II project, where KFM Phase II will use the oxygen pressure cooker new process on a large scale globally for the first time, leading the Industry's frontier technology development. As an important addition to new production capacity, TFM is accelerating the technological optimization of the 15K selection and metallurgy production line, researching the "ten thousand ton processing capacity enhancement plan." KFM has initiated a three-step action plan to tackle the "selection and grinding processing capacity enhancement technology" challenge, with plans to elevate processing capacity to new heights by the end of 2025.