Latest news with #TianfengSecurities
Bloomberg
3 days ago
- Business
- Bloomberg
China Broker Tianfeng Unit Applies for Hong Kong Crypto Licenses
TF International Securities Group Ltd. is seeking regulatory approval to offer a wide range of virtual asset-linked services in Hong Kong and kick-start growth outside the traditional brokerage business, a person familiar with the matter said. The firm, a wholly owned unit of Shanghai-listed Tianfeng Securities Co., recently applied to Hong Kong's Securities & Futures Commission to provide virtual asset in/out services, enabling investors to deposit and withdraw cryptocurrencies rather than traditional currencies when dealing in virtual assets, said the person, who asked not to be named discussing a private matter.
RTHK
6 days ago
- Business
- RTHK
HK stocks end down after week of strong gains
HK stocks end down after week of strong gains The Hang Seng Index ended for the day down 41.25 points, or 0.17 percent, at 24,284.15. File photo: RTHK Mainland Chinese and Hong Kong stocks edged lower on Friday but posted their strongest weekly gain in nearly two months, led by financial shares, as a ceasefire between Israel and Iran lifted investor sentiment. In Hong Kong, the benchmark Hang Seng Index ended for the day down 41.25 points, or 0.17 percent, at 24,284.15. On the mainland, the benchmark Shanghai Composite Index ended down 0.7 percent to 3,424.23. However, the Shenzhen Component Index closed 0.34 percent higher at 10,378.55. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, also closed higher by 0.47 percent at 2,124.34. Chinese brokerage stocks rallied sharply this week, buoyed by easing global geopolitical tensions and improved investor risk appetite, Morgan Stanley analysts said in a note. Over a six- to 12-month horizon, increased portfolio allocation to China appears likely, supported by improving market fundamentals and growing global investor demand for diversification, they said. Tianfeng Securities jumped up to 10 percent. The CSI 300 Index has risen 2 percent this week, the best weekly gain since May 5, while the Hang Seng Index advanced 3.2 percent, its strongest week since March 3. Onshore financial shares climbed nearly 3 percent this week. The United States has reached an agreement with China on how to expedite rare earth shipments to the United States, a White House official said amid efforts to end a trade war between the world's biggest economies. Shares of Xiaomi surged to a record high on Friday, after the company launched a new electric car model with a strong beat on pre-orders. But this has added pressure on other automakers, with Li Auto and Xpeng down 1.8 percent and 3.2 percent, respectively. Hong Kong's HSCI Materials Index and mainland's Non-Ferrous Metals Index rose 2.4 percent and 1.9 percent, respectively, as non-ferrous metal prices such as copper broadly rallied. (Reuters/Xinhua)
Business Recorder
6 days ago
- Automotive
- Business Recorder
China shares set for best week in seven months on financials boost, Mideast truce
SHANGHAI: China stocks were little changed on Friday but were set to notch their biggest weekly gain in more than seven months, led by financial shares, as a ceasefire between Israel and Iran lifted investor sentiment. China's blue-chip CSI 300 Index was flat by the lunch break, while the Shanghai Composite Index lost 0.2%. Hong Kong benchmark Hang Seng was down 0.1%. Chinese brokerage stocks rallied sharply this week, buoyed by easing global geopolitical tensions and improved investor risk appetite, Morgan Stanley analysts said in a note. Over a 6- to 12-month horizon, increased portfolio allocation to China appears likely, supported by improving market fundamentals and growing global investor demand for diversification, they said. Tianfeng Securities jumped 10% on Friday. The CSI 300 Index has risen 2.6% this week, on track for its strongest weekly gain since November 2024, while the Hang Seng Index advanced 3.3%, heading for its best week since March. Onshore financial shares climbed nearly 4% this week. China stocks retreat 7-month high following Mideast calm China's industrial profits swung back into sharp decline in May from a year earlier, as factory activity slowed in the face of broader economic stress. The United States has reached an agreement with China on how to expedite rare earth shipments to the U.S., a White House official said on Thursday, amid efforts to end a trade war between the world's biggest economies. Shares of Xiaomi surged to a record high on Friday, after the company launched a new electric car model with a strong beat on pre-orders. But this has added pressure on other auto makers, with Li Auto and Xpeng down 1.4% and 2.7%, respectively. Hong Kong's HSCI Materials Index and mainland's Non-Ferrous Metals Index rose 2.5% and 2.4%, respectively, as non-ferrous metal prices such as copper broadly rallied.
Free Malaysia Today
6 days ago
- Automotive
- Free Malaysia Today
China shares set for best week in 7 months on financials boost, Mideast truce
Onshore financial shares in China climbed nearly 4% this week. (EPA Images pic) SHANGHAI : China stocks were little changed today but were set to notch their biggest weekly gain in more than seven months, led by financial shares, as a ceasefire between Israel and Iran lifted investor sentiment. China's blue-chip CSI 300 Index was flat by the lunch break, while the Shanghai Composite Index lost 0.2%. Hong Kong benchmark Hang Seng was down 0.1%. 'Chinese brokerage stocks rallied sharply this week, buoyed by easing global geopolitical tensions and improved investor risk appetite,' Morgan Stanley analysts said in a note. 'Over a 6- to 12-month horizon, increased portfolio allocation to China appears likely, supported by improving market fundamentals and growing global investor demand for diversification,' they said. Tianfeng Securities jumped 10% today. The CSI 300 Index has risen 2.6% this week, on track for its strongest weekly gain since November 2024, while the Hang Seng Index advanced 3.3%, heading for its best week since March. Onshore financial shares climbed nearly 4% this week. China's industrial profits swung back into sharp decline in May from a year earlier, as factory activity slowed in the face of broader economic stress. The US has reached an agreement with China on how to expedite rare earth shipments to the US, a White House official said yesterday, amid efforts to end a trade war between the world's biggest economies. Shares of Xiaomi surged to a record high today, after the company launched a new electric car model with a strong beat on pre-orders. However, this has added pressure on other auto makers, with Li Auto and Xpeng down 1.4% and 2.7%, respectively. Hong Kong's Materials Index and mainland's Non-Ferrous Metals Index rose 2.5% and 2.4%, respectively, as non-ferrous metal prices such as copper broadly rallied.
News.com.au
29-04-2025
- Business
- News.com.au
How the dawn of the robot age could send rare earth demand ballistic
Rare earths prices have been subdued by oversupply and Chinese market dominance But challengers are emerging in the West And demand continues to grow, with analysts suggesting the next disruptive tech, humanoid robots, could double it by the 2030s Oversupplied and dominated by opaque Chinese market forces, rare earths such as neodymium, praseodymium, terbium and dysprosium have been subject to more than three years of turgid prices, which has subdued earnings for miners and kept prospective projects in the ground. But with supply constrained and China responding to US tariffs with export controls on heavy rare earths, the strategic backdrop for Western explorers and developers is getting brighter. While a weak Chinese economy has played its role in restraining rare earths demand growth in recent years, enabling China to suppress prices with high mining quotas and imports from neighbouring Myanmar, the long-term outlook is better than it appears in the short term. And a key inflection point could be emerging in 2025. Previous trends like Chinese industrialisation, electric vehicles and renewable energy growth may have driven the previous surges in rare earths demand. But a new technological development is taking shape that promises yet another uptick. Citic Securities has declared 2025 could be the first year of the mass production of humanoid robots. A step towards the future envisaged by Isaac Asimov in The Bicentennial Man or the creation of Bender B. Rodriguez, sure. But also a major potential driver of permanent magnet demand – according to Tianfeng Securities there's around 2-4kg of NdFeB magnets in each humanoid robot. At a long-term target of 100m units annually, that's an entire rare earths market worth of additional demand. Breaking out Western analysts have picked up on the trend as well – with Elon Musk's Tesla (now short of magnet supplies thanks to China's ban) among the companies attempting to develop the nascent industry. It could be an important growth sector as EV growth begins to slow down with increased market penetration and policy uncertainty. Canaccord Genuity's Reg Spencer says a number of groups in China and the West are now on the verge of commercialisation. "We think they will be first deployed in industrial/manufacturing applications, but as costs/tech continue to improve, forecast broader adoption (inc. consumer/home use) by the 2030s. In our view, the advent of humanoid robotics could be a major demand driver for NdFeB magnets, with improving dexterity/higher DOF leading to increasing magnet intensity per robot," he said in a note last month. Canaccord thinks magnet demand will grow by 84% to 2035, but in an upside case for the uptake of humanoid robotics, that could increase to 147%. "This clearly has positive implications for key magnet rare earth demand (CGe 90% demand growth by 2035 under our base case)," Spencer said. Canaccord sees rare earth prices remaining subdued in the short term. Chinese NdPr prices, included VAT, are sitting at a touch under US$56/kg today. But long-term prices should rise, with Canaccord setting a long term price of US$105/kg. Goldman Sachs analysts say magnet demand is growing around 15%, with the NdPr market rising 7000-8000tpa. With that in mind, growth plans set out by leading Australian producer Lynas (ASX:LYC) and developer Iluka Resources (ASX:ILU) equate to only just over one year of market expansion. Their long-term price sits at US$75/kg, but by 2029, they think deficits could push NdPr oxide to US$85/kg. Room for new suppliers So while the near term may be muddy, the longer term narrative seems clear – more supply needs to come online as demand rises. And if the upside case for humanoid robots hits, it'll be quicker than the market expects. "There's a real disparity in the market (in) that the demand for the products are quite strong. And ... we're developing new markets for these products all the time," Andrew Reid, managing director of South American developer Brazilian Critical Minerals (ASX:BCM), said. "As the world moves into electrification, there's only going to be more and more need for rare earth and for the permanent magnets they create. "And equally in the defence sector. There's wars all over the world at the moment and certainly in all those products, without them, there are no defence mechanisms for any country." Where that additionally comes from is the question. Reid says you can't count out China, where information on what the Communist Party is planning can be hard to read. It previously responded to a record price environment seen in early 2022 by encouraging state owned enterprises to buy up projects and supply outside of China, as well as using quotas as a mechanism to bring supply on faster than demand was growing. The Western market has been slow to build supply chains that seriously confront this challenge, but may be forced to by the latest trade war salvo from the Middle Kingdom. Lynas, for instance, is expecting to begin producing heavy rare earths dysprosium and terbium at its Malaysian refinery in June, and is engaging with customers in the West in a bid to sell an alternative to Chinese products. "In light of the Chinese government's recent export restrictions on Tb and Dy oxide, LYC has engaged with target Western World customers with pricing offer expected to reflect the high demand for these products outside China," Goldman's Paul Young and Chris Bulgin noted. "This is an important change in LYC's marketing strategy and the broader ex-China RE industry in our view, and signals the potential start of the decoupling of Western world prices from China, with a likely impact to NdPr pricing separate to China also." Standout opportunity BCM's Reid said the company's Ema project stood out among the host of deposits that could be developed in the next wave of rare earth project developments, thanks to the near surface nature of the deposit. A clay-hosted rare earths resource in the Amazonas State, a scoping study placed an industry low US$55m capital estimate on the project, producing 4800tpa of mixed rare earth carbonate contained 2660t of total rare earth oxides at cash operating costs of US$6.15/kg, or US$16.95/kg on a NdPr basis. That means the two-decade-long mine boasts an impressive US$498m post-tax NPV and 55% internal rate of return at prices of only US$74/kg, with payback expected in under 2.5 years. Around 37.9% of its 55.3% mixed rare earth carbonate would be comprised of the magnet rare earths (Nd, Pr, Dy & Tb) prized for use in permanent magnets and motors. Ema currently contains a resource of 341Mt at 746ppm TREO, underpinning a potential expansion to 9600tpa of MREC (5300tpa TREO) from the fifth year of operations. That's before considering the upside from inferred resources contained across the project's 82km2 footprint. That means Ema could be an attractive investment proposition even if China succeeds in continuing to keep a lid on rare earth prices. "Unfortunately many of the world's rarest projects are simply just not economic," Reid said. "It goes for any commodity, only the better ones (get developed) and we think that we're in that basket and we think we've got a good shot at getting up and running. "We've got a clear pathway to development right now and we just need to stick to our guns, keep ticking boxes and making sure we get over those hurdles. "I think that you'll find that BCM will be one of the first new rare earths projects to get into production over the next couple of years."
