Institutions Intensively Research Non-Ferrous Metals Sector; Metal New Materials Track Draws Significant Attention

[Global Times Finance and Economics Report] Since the beginning of the year, listed companies in the non-ferrous metals industry have frequently been surveyed by institutions. Wind data shows that as of March 9, among 142 listed companies in the non-ferrous industry, 34 companies have been surveyed a total of 71 times. Among them, Shengda Resources and Oriental Tantalum have each been surveyed 7 times, ranking at the top; these companies have been visited by a total of 552 institutions, with Bowei Alloys being visited by 70 institutions.

Notably, institutional investors favor listed companies in new metal materials, focusing their questions on product R&D directions and downstream application fields. For other types of listed companies in the non-ferrous industry, investors are concerned about resource reserves, capacity layout, and the impact of price fluctuations on annual performance.

High-tech enterprises integrating mining, smelting, and processing of non-ferrous metals, such as Baowu Magnesium, disclosed in their investor relations activity record on March 4 that institutional investors are interested in the company’s business development, mining progress, main product output, and downstream markets.

Regarding the application of downstream magnesium deep-processing products in the automotive sector, the company stated that by 2025, the number of steering wheel, seat, and electric drive products will have grown significantly compared to 2024, strengthening strategic cooperation with industry leaders and developing multiple new products.

In recent years, Shengda Resources has mainly engaged in the mining and selection of non-ferrous metals such as silver, gold, copper, and zinc. During an investor survey in mid-February, the company said it is strengthening fine production and management of existing mines, exploring new reserves, and actively promoting mergers and acquisitions of high-quality native mineral resources such as silver, gold, and copper to increase mineral reserves and ensure sustainable development.

Regarding capital expenditure plans for the coming years, Shengda Resources explained that the company’s external acquisitions aim to achieve controlling stakes as an investment goal. The company prioritizes cost-effectiveness and risk resistance when selecting projects, considering price factors, industry cycles, and aiming for quick production, avoiding high-cost mining acquisitions. The company stated that while using its own funds for mine construction and acquisitions, it may also seek financing from financial institutions or the secondary market depending on fund utilization, with the scale mainly determined by future investment needs in mine development and acquisitions.

In recent years, Bowei Alloys has mainly been engaged in the research, production, and sales of high-performance, high-precision non-ferrous alloy sheets, strips, rods, and wires. During recent investor surveys, the company introduced that its materials for commercial aerospace mainly include strips and wires. These materials address issues of communication connection stability and durability in extreme high and low temperatures in space, providing solid material support for the stable operation of aircraft. By the end of 2025, the company’s sales of aerospace-specific alloy wires are expected to increase by over 38% year-on-year. (Nanmu)