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.

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