← China Molybdenum overview

China Molybdenum vs Kinross Gold: why the prices moved differently

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

China Molybdenum Co Ltd Class A (603993.CG)

Q3 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 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.

Latest
▲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.

Kinross Gold Corporation (KGC)

Q3 2026
▼3▲1

Kinross cuts output, costs rise, but returns more cash

  • Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.

    This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.

  • All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.

    Cost inflation is a key new headwind that compresses margins and pressures the share price.

  • Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.

    This is a new positive action that offsets some negative news and shows management's confidence.

  • Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.

    This macro event explains the broader sector decline and KGC's sharp drop in September.

August 2026
▼3▲1

Kinross cuts output, costs rise, but returns more cash

  • Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.

    This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.

  • All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.

    Cost inflation is a key new headwind that compresses margins and pressures the share price.

  • Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.

    This is a new positive action that offsets some negative news and shows management's confidence.

  • Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.

    This macro event explains the broader sector decline and KGC's sharp drop in September.

Latest
▼3▲1

Kinross cuts output, costs rise, but returns more cash

  • Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.

    This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.

  • All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.

    Cost inflation is a key new headwind that compresses margins and pressures the share price.

  • Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.

    This is a new positive action that offsets some negative news and shows management's confidence.

  • Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.

    This macro event explains the broader sector decline and KGC's sharp drop in September.