Stock Track | CMOC Shares Soar as Green Transition Fuels Commodity Demand Outlook

Stock Track

Sep 26, 2024

Shares of China Molybdenum Co. (CMOC) surged 5.12% on Wednesday, as investors reacted positively to comments from the company's leadership regarding the potential impact of China's green transition on commodity markets.

Speaking at the Financial Times Mining Summit in London, CMOC Vice Chairman and Chief Investment Officer Steele Li expressed his belief that China's structural economic shift towards green industries will have a significant impact on commodity demand going forward.

Li stated that while China's real estate sector, previously a major driver of economic growth, is unlikely to recover from its current slump, the country's green transition will likely emerge as the next long-term economic engine. He noted that China has already made massive investments in this area and predicted that the country would "probably lead the way" in the green transition.

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(CMOC) surged 5.12% on Wednesday, as investors reacted positively to comments from the company's leadership regarding the potential impact of China's green transition on commodity markets.</p>\n\n<p>Speaking at the Financial Times Mining Summit in London, CMOC Vice Chairman and Chief Investment Officer Steele Li expressed his belief that China's structural economic shift towards green industries will have a significant impact on commodity demand going forward.</p>\n\n<p>Li stated that while China's real estate sector, previously a major driver of economic growth, is unlikely to recover from its current slump, the country's green transition will likely emerge as the next long-term economic engine. He noted that China has already made massive investments in this area and predicted that the country would \"probably lead the way\" in the green transition.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03993","symbol_name":"洛阳钼业","start_time":0,"source_url":"","article_id":"1142596944","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142596944","pubTimestamp":1727347122,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of China Molybdenum Co.  surged 5.12% on Wednesday, as investors reacted positively to comments from the company's leadership regarding the potential impact of China's green transition on commodity markets.Speaking at the Financial Times Mining Summit in London, CMOC Vice Chairman and Chief Investment Officer Steele Li expressed his belief that China's structural economic shift towards green industries will have a significant impact on commodity demand going forward.Li stated that while C","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03993":"洛阳钼业"},"translate_title":"绿色转型推动大宗商品需求前景，洛阳钼业股价飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03993":1},"content_text":"Shares of China Molybdenum Co. (CMOC) surged 5.12% on Wednesday, as investors reacted positively to comments from the company's leadership regarding the potential impact of China's green transition on commodity markets.\nSpeaking at the Financial Times Mining Summit in London, CMOC Vice Chairman and Chief Investment Officer Steele Li expressed his belief that China's structural economic shift towards green industries will have a significant impact on commodity demand going forward.\nLi stated that while China's real estate sector, previously a major driver of economic growth, is unlikely to recover from its current slump, the country's green transition will likely emerge as the next long-term economic engine. 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