According to a report released by BOC International, Luoyang Molybdenum expects net profit of 15.5 billion to 16.5 billion yuan in the first half of 2026, an increase of 78.8% to 90.3% over the previous year. The company attributed this strong increase to a sharp rise in copper prices, increased copper production, and contributions from the gold business acquired in January 2026. The estimated net profit for the second quarter of 2026 was 7.7 billion to 8.7 billion yuan, an increase of 0% to 13% over the previous quarter. Considering the month-on-month increase in copper production and average copper prices, this performance appears to be slightly underperforming. The bank kept Molybdenum's profit forecast and “buy” rating unchanged, and the target price for H shares was still HK$24.91.

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