China Molybdenum vs Itochu: why the prices moved differently

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

China Molybdenum Co Ltd Class A (603993.CG)

Q3 20263 Jul – 20 Aug 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 20263 Jul – 20 Aug 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.

Latest3 Jul – 20 Aug 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.

Itochu Corporation (8001.JP)

Q3 202621 Jul – 7 Aug 2026

▲3▼1

Itochu's new recycling venture, record profit, buyback, and aircraft leasing bet

New e-waste recycling venture Itochu will start extracting critical minerals from used phones and computers in November via a joint venture. This opens a new revenue stream tied to rising chip and AI demand, and reduces reliance on China for rare earths, supporting the shares.
A brand-new business line that adds future earnings and growth potential.
Record Q1 profit and share buyback April–June net profit rose 3.5% to a record 293.7 billion yen, led by machinery, metals, and energy. Itochu also announced a buyback of up to 300 billion yen (2.7% of shares), which supports the stock price.
Strong earnings and a large buyback directly lift investor returns and sentiment.
300 billion yen aircraft leasing investment Itochu will pay about 300 billion yen for a 50% stake in US aircraft leasing firm ACG. This expands its leasing business, which already serves many airlines, betting on long-term growth in air travel demand.
A major capital deployment that grows a core profit segment.
Oil field stake sale and weak yen caution SOCAR bought out Itochu's 3.65% interest in the Azeri-Chirag-Guneshli oil field, trimming energy assets. Separately, Itochu joined others in calling for stable exchange rates, warning that a weak yen raises costs and hurts consumption.
A divestment and currency headwind that could weigh on future earnings.

July 202621 Jul – 7 Aug 2026

▲3▼1

Itochu's new recycling venture, record profit, buyback, and aircraft leasing bet

New e-waste recycling venture Itochu will start extracting critical minerals from used phones and computers in November via a joint venture. This opens a new revenue stream tied to rising chip and AI demand, and reduces reliance on China for rare earths, supporting the shares.
A brand-new business line that adds future earnings and growth potential.
Record Q1 profit and share buyback April–June net profit rose 3.5% to a record 293.7 billion yen, led by machinery, metals, and energy. Itochu also announced a buyback of up to 300 billion yen (2.7% of shares), which supports the stock price.
Strong earnings and a large buyback directly lift investor returns and sentiment.
300 billion yen aircraft leasing investment Itochu will pay about 300 billion yen for a 50% stake in US aircraft leasing firm ACG. This expands its leasing business, which already serves many airlines, betting on long-term growth in air travel demand.
A major capital deployment that grows a core profit segment.
Oil field stake sale and weak yen caution SOCAR bought out Itochu's 3.65% interest in the Azeri-Chirag-Guneshli oil field, trimming energy assets. Separately, Itochu joined others in calling for stable exchange rates, warning that a weak yen raises costs and hurts consumption.
A divestment and currency headwind that could weigh on future earnings.

Latest21 Jul – 7 Aug 2026

▲3▼1

Itochu's new recycling venture, record profit, buyback, and aircraft leasing bet

New e-waste recycling venture Itochu will start extracting critical minerals from used phones and computers in November via a joint venture. This opens a new revenue stream tied to rising chip and AI demand, and reduces reliance on China for rare earths, supporting the shares.
A brand-new business line that adds future earnings and growth potential.
Record Q1 profit and share buyback April–June net profit rose 3.5% to a record 293.7 billion yen, led by machinery, metals, and energy. Itochu also announced a buyback of up to 300 billion yen (2.7% of shares), which supports the stock price.
Strong earnings and a large buyback directly lift investor returns and sentiment.
300 billion yen aircraft leasing investment Itochu will pay about 300 billion yen for a 50% stake in US aircraft leasing firm ACG. This expands its leasing business, which already serves many airlines, betting on long-term growth in air travel demand.
A major capital deployment that grows a core profit segment.
Oil field stake sale and weak yen caution SOCAR bought out Itochu's 3.65% interest in the Azeri-Chirag-Guneshli oil field, trimming energy assets. Separately, Itochu joined others in calling for stable exchange rates, warning that a weak yen raises costs and hurts consumption.
A divestment and currency headwind that could weigh on future earnings.