← China Tungsten and Hightech Materials overview

China Tungsten and Hightech Materials vs China Molybdenum: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

China Tungsten and Hightech Materials Co Ltd (000657.CS)

Q3 2026
▲4

Tungsten demand tight, H1 profit up 280%

  • AI chip demand lifts minor metals AI computing is driving demand for tantalum capacitors and molybdenum, which is replacing tungsten in semiconductors. This lifts the whole minor metals sector and supports China Tungsten's products, though the tungsten-replacement trend is a long-term risk to its core business.

    Explains the demand-side force behind the stock's move and a real counterweight.

  • H1 2026 profit surges 280% First-half revenue rose 108.51% to 16.385 billion yuan and net profit jumped 280.53% to 2.076 billion yuan, with second-quarter profit up 25% from the first quarter. Strong earnings confirm the company is cashing in on tight tungsten supply and demand.

    The single biggest new fact driving the stock — a huge profit jump.

  • No dividend despite big profit The company will not pay a cash dividend, issue bonus shares, or convert capital reserve into shares for the first half. Retaining cash can fund growth, but income-focused investors get nothing, a mild negative that partly offsets the strong profit headline.

    A real counterweight within the earnings news that readers should know.

  • Tight tungsten supply lifts sector Shenzhen-listed nonferrous metal companies posted strong first-half results, with more than half doubling profit. The report attributes this to tight supply and demand for industrial metals including tungsten, reinforcing that China Tungsten's gains come from real industry conditions, not one-off items.

    Shows the industry-wide supply-demand backdrop that supports the stock's valuation.

August 2026
▲4

Tungsten demand tight, H1 profit up 280%

  • AI chip demand lifts minor metals AI computing is driving demand for tantalum capacitors and molybdenum, which is replacing tungsten in semiconductors. This lifts the whole minor metals sector and supports China Tungsten's products, though the tungsten-replacement trend is a long-term risk to its core business.

    Explains the demand-side force behind the stock's move and a real counterweight.

  • H1 2026 profit surges 280% First-half revenue rose 108.51% to 16.385 billion yuan and net profit jumped 280.53% to 2.076 billion yuan, with second-quarter profit up 25% from the first quarter. Strong earnings confirm the company is cashing in on tight tungsten supply and demand.

    The single biggest new fact driving the stock — a huge profit jump.

  • No dividend despite big profit The company will not pay a cash dividend, issue bonus shares, or convert capital reserve into shares for the first half. Retaining cash can fund growth, but income-focused investors get nothing, a mild negative that partly offsets the strong profit headline.

    A real counterweight within the earnings news that readers should know.

  • Tight tungsten supply lifts sector Shenzhen-listed nonferrous metal companies posted strong first-half results, with more than half doubling profit. The report attributes this to tight supply and demand for industrial metals including tungsten, reinforcing that China Tungsten's gains come from real industry conditions, not one-off items.

    Shows the industry-wide supply-demand backdrop that supports the stock's valuation.

Latest
▲4

Tungsten demand tight, H1 profit up 280%

  • AI chip demand lifts minor metals AI computing is driving demand for tantalum capacitors and molybdenum, which is replacing tungsten in semiconductors. This lifts the whole minor metals sector and supports China Tungsten's products, though the tungsten-replacement trend is a long-term risk to its core business.

    Explains the demand-side force behind the stock's move and a real counterweight.

  • H1 2026 profit surges 280% First-half revenue rose 108.51% to 16.385 billion yuan and net profit jumped 280.53% to 2.076 billion yuan, with second-quarter profit up 25% from the first quarter. Strong earnings confirm the company is cashing in on tight tungsten supply and demand.

    The single biggest new fact driving the stock — a huge profit jump.

  • No dividend despite big profit The company will not pay a cash dividend, issue bonus shares, or convert capital reserve into shares for the first half. Retaining cash can fund growth, but income-focused investors get nothing, a mild negative that partly offsets the strong profit headline.

    A real counterweight within the earnings news that readers should know.

  • Tight tungsten supply lifts sector Shenzhen-listed nonferrous metal companies posted strong first-half results, with more than half doubling profit. The report attributes this to tight supply and demand for industrial metals including tungsten, reinforcing that China Tungsten's gains come from real industry conditions, not one-off items.

    Shows the industry-wide supply-demand backdrop that supports the stock's valuation.

China Molybdenum Co Ltd Class A (603993.CG)

Q3 2026
▲2▼1

CMOC profit surges on higher copper, moly, tungsten prices and gold deal

  • First-half profit jumps 86% on higher metal prices and volumes CMOC's first-half net profit rose 86.3% to 16.15 billion yuan, with revenue up 42.8%. The gain came from selling more copper and getting higher prices for copper, molybdenum and tungsten, plus adding Brazilian gold mines. Strong earnings and cash flow support the stock price.

    This is the core new financial result showing why the company is fundamentally more valuable.

  • Raises sales caps to CATL, signaling strong battery-metal demand CMOC plans to raise annual sales caps to CATL Group to as much as $5 billion by 2028, and purchase caps from KFM to $14 billion. This points to growing demand for CMOC's copper and cobalt products, which supports future revenue and the stock price.

    It shows a concrete new demand signal from a major customer, which affects future earnings.

  • DRC export ban lifts copper sentiment but has limited real impact The Democratic Republic of Congo banned copper and cobalt concentrate exports, sparking a rally in nonferrous stocks. CMOC says the ban barely affects it because it mostly sells refined copper and cobalt hydroxide, not raw concentrate. Still, the news lifted copper prices, which helps CMOC's revenue.

    It explains a new supply-side event that moved the sector and could affect copper prices, a key driver for CMOC.

  • Halts tailings supply to tungsten joint venture, cutting revenue CMOC stopped supplying tailings to Luoyang Yulu, a joint venture that recovers tungsten. The shutdown cuts a small revenue stream and creates uncertainty, though the financial impact is limited. This is a minor negative for the stock.

    It is a new operational setback that could slightly reduce earnings and adds regulatory risk.

July 2026
▲2▼1

CMOC profit surges on higher copper, moly, tungsten prices and gold deal

  • First-half profit jumps 86% on higher metal prices and volumes CMOC's first-half net profit rose 86.3% to 16.15 billion yuan, with revenue up 42.8%. The gain came from selling more copper and getting higher prices for copper, molybdenum and tungsten, plus adding Brazilian gold mines. Strong earnings and cash flow support the stock price.

    This is the core new financial result showing why the company is fundamentally more valuable.

  • Raises sales caps to CATL, signaling strong battery-metal demand CMOC plans to raise annual sales caps to CATL Group to as much as $5 billion by 2028, and purchase caps from KFM to $14 billion. This points to growing demand for CMOC's copper and cobalt products, which supports future revenue and the stock price.

    It shows a concrete new demand signal from a major customer, which affects future earnings.

  • DRC export ban lifts copper sentiment but has limited real impact The Democratic Republic of Congo banned copper and cobalt concentrate exports, sparking a rally in nonferrous stocks. CMOC says the ban barely affects it because it mostly sells refined copper and cobalt hydroxide, not raw concentrate. Still, the news lifted copper prices, which helps CMOC's revenue.

    It explains a new supply-side event that moved the sector and could affect copper prices, a key driver for CMOC.

  • Halts tailings supply to tungsten joint venture, cutting revenue CMOC stopped supplying tailings to Luoyang Yulu, a joint venture that recovers tungsten. The shutdown cuts a small revenue stream and creates uncertainty, though the financial impact is limited. This is a minor negative for the stock.

    It is a new operational setback that could slightly reduce earnings and adds regulatory risk.

Latest
▲2▼1

CMOC profit surges on higher copper, moly, tungsten prices and gold deal

  • First-half profit jumps 86% on higher metal prices and volumes CMOC's first-half net profit rose 86.3% to 16.15 billion yuan, with revenue up 42.8%. The gain came from selling more copper and getting higher prices for copper, molybdenum and tungsten, plus adding Brazilian gold mines. Strong earnings and cash flow support the stock price.

    This is the core new financial result showing why the company is fundamentally more valuable.

  • Raises sales caps to CATL, signaling strong battery-metal demand CMOC plans to raise annual sales caps to CATL Group to as much as $5 billion by 2028, and purchase caps from KFM to $14 billion. This points to growing demand for CMOC's copper and cobalt products, which supports future revenue and the stock price.

    It shows a concrete new demand signal from a major customer, which affects future earnings.

  • DRC export ban lifts copper sentiment but has limited real impact The Democratic Republic of Congo banned copper and cobalt concentrate exports, sparking a rally in nonferrous stocks. CMOC says the ban barely affects it because it mostly sells refined copper and cobalt hydroxide, not raw concentrate. Still, the news lifted copper prices, which helps CMOC's revenue.

    It explains a new supply-side event that moved the sector and could affect copper prices, a key driver for CMOC.

  • Halts tailings supply to tungsten joint venture, cutting revenue CMOC stopped supplying tailings to Luoyang Yulu, a joint venture that recovers tungsten. The shutdown cuts a small revenue stream and creates uncertainty, though the financial impact is limited. This is a minor negative for the stock.

    It is a new operational setback that could slightly reduce earnings and adds regulatory risk.

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