Understanding the Market | XINXIN MINING has fallen over 17%. The company recently announced its return to A-share listing. Institutions state that nickel prices remain under pressure above
XINXIN MINING fell over 17%, but its cumulative increase this year is still more than 2.8 times. As of the time of publication, it dropped 17.38%, trading at HKD 2.9, with a transaction volume of HKD 154 million. In terms of news, XINXIN MINING previously announced that in order to promote the company's sustainable and stable development and to facilitate sustainable growth in revenue and shareholder returns, the board of directors has reviewed and approved the relevant work to issue A shares and list on a securities exchange in China. According to the semi-annual report, XINXIN MINING fully owns four nickel-copper mines: Kalatongke, Huangshandong, Huangshan, and Xiangshan, as well as two vanadium mines: Xianghe Street and Mujia River, and the Kalchaer fluorite mine. Jianyin International pointed out that in the short term, due to Indonesia's revision of RKAB regulations and strengthened mining supervision, combined with the entry of the world's second-largest copper mine into force majeure, which has raised global metal supply concerns, nickel prices broke through the HKD 124,000 mark on the first trading day after the holiday. However, the fundamental oversupply of primary nickel has not seen substantial changes, and nickel prices remain under pressure, necessitating caution regarding the rebound space in this round
According to Zhitong Finance APP, XINXIN MINING (03833) has fallen over 17%, but its cumulative increase this year still exceeds 2.8 times. As of the time of publication, it has dropped 17.38%, trading at HKD 2.9, with a transaction volume of HKD 154 million.
In terms of news, XINXIN MINING previously announced that in order to promote the company's sustainable and stable development and to facilitate sustainable growth in revenue and shareholder returns, the board of directors has reviewed and approved the relevant work to issue A-shares and list on a securities exchange in China. According to the semi-annual report, XINXIN MINING wholly owns four nickel-copper mines: Kalatongke, Huangshandong, Huangshan, and Xiangshan, as well as two vanadium mines: Xianghe Street and Mujia River, and the Kalchaer fluorite mine.
Jianyin International pointed out that in the short term, due to Indonesia's revision of RKAB rules and strengthened mining supervision, combined with the entry of the world's second-largest copper mine into force majeure, global metal supply concerns have arisen, leading to a significant breakthrough in nickel prices above HKD 124,000 on the first trading day after the holiday. However, the fundamental oversupply of primary nickel has not seen substantial changes, and nickel prices remain under pressure, necessitating caution regarding the rebound space in this round
