CMOC Group's stock soared 5.32% during the intraday session on Monday, marking a significant rebound for the diversified metals and mining company.

The sharp rise is attributed to growing momentum for molybdenum-replacing-tungsten technology in semiconductor manufacturing. SK Hynix has completed production verification of its 375-layer NAND flash memory, which marks the first commercial use of molybdenum material to replace traditional tungsten in word line fabrication, resulting in lower resistance and faster read/write speeds. Samsung and Yangtze Memory are simultaneously validating similar processes.

Industry estimates project semiconductor molybdenum demand to rise from approximately 10 tonnes currently to 80 tonnes by 2030. CMOC Group, as one of the world's top seven molybdenum producers with equity reserves of approximately 1.2 million tonnes, stands as a direct beneficiary of this expanding demand and potential price appreciation for the metal.