Hong Kong Stock Movement: XINXIN MINING rises 17.53%

Hong Kong Stock Movement

XINXIN MINING rose by 17.53%. According to recent important news:

1. On October 6, XINXIN MINING announced plans to issue A-shares and list on the China Securities Exchange, promoting the company's continuous and stable development and facilitating sustainable growth in revenue and shareholder returns. This news stimulated the stock price to rise, with a trading volume reaching HKD 32.4981 million. Source: Zhitong Finance

2. On October 6, the company stated that it would increase production efforts to strive to complete the annual production capacity plan, aiming to produce 12,000 tons of electrolytic nickel and 9,900 tons of cathode copper. This move demonstrates the company's proactive expansion of production capacity, further driving up the stock price. Source: Zhitong Finance

3. Over the past three years, the company has consistently distributed dividends. Although the profit growth rate has been disappointing, the management's focus on maintaining dividend payments shows a stable shareholder return strategy. Source: Zhitong Finance. Industry trends are positive, and capital inflows are significant.

Stocks with High Trading Volume in the Industry

Luoyang Molybdenum rose by 2.94%. Based on recent important news:

1. On October 4, the International Energy Agency predicted that cobalt demand would grow by 5.06% in 2025, reaching 210,900 tons. The global cobalt market will shift from a surplus of 83,000 tons in 2024 to a shortage of 7,000 tons in 2025, making supply shortages the norm. As a company with cobalt mines, Luoyang Molybdenum benefits from rising cobalt prices, with net profit increasing by 60%. Cobalt demand is growing, and the market is in short supply