Movement Alert|China Molybdenum Rises 5% in Regular Trading, Molybdenum-for-Tungsten Semiconductor Technology Catalyst Continues to Ferment

Market Focus06-15

On June 15, China Molybdenum (03993) rose 5% in regular trading, trading at HKD 20.02/share, with turnover of HKD 306 million. The stock continues its upward momentum following a limit-up session on June 12.

On the news front, the molybdenum-replacing-tungsten technology catalyst continues to intensify. SK Hynix has completed production verification of 375-layer NAND flash memory, marking the first use of molybdenum material to replace traditional tungsten in word line fabrication to lower resistance and improve read/write speeds. Samsung and Yangtze Memory Technologies are simultaneously following with their own verification processes. Industry estimates indicate semiconductor-grade molybdenum demand is projected to grow from approximately 10 tons currently to 80 tons by 2030. China Molybdenum, as one of the world's top seven molybdenum producers with equity reserves of approximately 1.2 million tons, is positioned as a direct beneficiary of expanding molybdenum demand and price appreciation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment