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XINXIN MINING
03833.HK
Xinjiang Xinxin Mining Industry Co., Ltd., together with its subsidiaries, engages in mining, ore processing, smelting, refining, and selling of nickel, copper, and other nonferrous metals. It provides nickel cathode, as well as other products, including copper cathode, cobalt products, gold, silver, platinum, and palladium. The company holds 100% interests in the Kalatongke nickel-copper mine located in Fuyun County, Xinjiang; and the Huangshandong, Huangshan, and Xiangshan nickel-copper mines situated in Hami, Xinjiang. It also has interests in two vanadium mines located in Shangnan, Shaanxi.
722.01 B
03833.HKMarket value -Rank by Market Cap -/-

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    News
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    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

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    Understanding the Market | XINXIN MINING rises over 6%, doubling in nearly eight trading days; the company plans to return to A-share listing

    XINXIN MINING rose over 6% again, with its stock price doubling in nearly eight trading days. As of the time of publication, it is up 5%, priced at HKD 3.78, with a transaction volume of HKD 31.8792 million. In terms of news, XINXIN MINING previously announced that 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, and has two vanadium mines: Xianghe Street and Mujia River, as well as the Kalchaer fluorite mine. It is reported that on the morning of September 20, the production ceremony for the 1.2 million tons/year mining project at the Kalchaer fluorite mine of Xinjiang Nonferrous Group Huao Mining was held in Ruoqiang County. In February of this year, XINXIN MINING announced that the company intends to acquire a 51% stake in Xinjiang Huao Mining for approximately RMB 1.098 billion. Upon completion of the transaction, the target company will become a non-wholly-owned subsidiary of the company, and its financial data will be consolidated into the company's financial statements

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