Mining & Resources · 2.3

Base Metals

Quantified news impact based on deduplicated, quality-reviewed events in a single 20-day window.

Average net impact+23weighted per event

Average gross impact30absolute weighted average

Events19same period

Confidence80%model average

Raw intensity61before weighting

Previous period+8net impact

Gross change+287%

Diffusion speed1.0 / day

Concentration7%

Direction disagreement22%

Source independence100%16 sources

IMPACT TREND

20-day effective impact

Positive 16 · Negative 3 · Mixed 0

+310-31

11 Jul0 events

13 Jul0 events

15 Jul0 events

16 Jul0 events

18 Jul0 events

20 Jul0 events

21 Jul0 events

23 Jul0 events

25 Jul0 events

+14

26 Jul8 events

+26

28 Jul10 events

+31

30 Jul1 event

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term61%344 cumulative effective impact

Medium term36%202 cumulative effective impact

Long term3%15 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 2 of 2 · 19 events

Macro2

Macro27 Jul, 09:37negative

China Bans Dual-Use Exports to 14 EU Firms Including Rheinmetall in Retaliation

China's Ministry of Commerce announced on July 27, 2026, a ban on shipments of dual-use materials to 14 EU companies, including German defense contractor Rheinmetall, Sindhauser Materials, and Italy's Lafat Group. The move retaliates against EU sanctions on 14 Chinese and Hong Kong firms over the Ukraine war. China has leveraged its rare earth dominance as a bargaining chip in recent disputes.

Effective: -21
Intensity: 55
Confidence: 70%
Horizon: Short term

Macro28 Jul, 18:52positive

China H1 2026 Personal Income Tax Revenue Grows 13% to 900 Billion Yuan, Restricted Shares Tax Surges 97.6%

Wang Shiyu, Chief Auditor of China's State Taxation Administration, disclosed that personal income tax revenue reached 900 billion yuan in the first half of 2026, up about 13% year-on-year. Capital income contributed nearly half of the growth, with tax on restricted share transfers surging 97.6% and on interest, dividends and profits rising 15.2%. The top 10% of earners paid about 90% of total PIT, while those earning under 120,000 yuan annually paid little or no tax after deductions.

Effective: +21
Intensity: 45
Confidence: 80%
Horizon: Medium term

Industries0

No evidence on this page.

Companies7

Companies28 Jul, 18:07positive

Hailiang Group to Increase Stake in Hailiang Co. by 600 Million to 1 Billion Yuan at Up to 35 Yuan/Share

Hailiang Group, the controlling shareholder of Hailiang Co. , Ltd. , plans to increase its shareholding in the company within six months from the date of the announcement. The total amount of the share purchase will be between 600 million yuan and 1 billion yuan, with a price not exceeding 35 yuan per share. The acquisition will be conducted through centralized bidding and block trading.

Effective: +27
Intensity: 60
Confidence: 80%
Horizon: Short term

Companies27 Jul, 15:12positive

Northern Copper's Parent Commits to Transfer Hujiayu Mining Rights Within 24 Months

Northern Copper Industry stated on July 27 that its controlling shareholder, Zhongtiaoshan Group, committed to transfer the mining rights of the Hujiayu Copper Mine periphery to the listed company within 24 months after obtaining them. However, the mining rights procedures for Hujiayu Mining Company are currently incomplete and do not yet meet the conditions for injection into the listed company.

Effective: +15
Intensity: 55
Confidence: 60%
Horizon: Long term

Companies28 Jul, 17:25positive

Guocheng Mining Plans Share Buyback of 300-600 Million Yuan at up to 45 Yuan/Share for Employee Incentives

Guocheng Mining announced a share buyback plan with a total amount of 300 million to 600 million yuan and a maximum repurchase price of 45 yuan per share. The buyback will be used to fund future employee stock ownership plans or equity incentive plans. This move is part of the company's capital management and incentive strategy.

Effective: +13
Intensity: 50
Confidence: 80%
Horizon: Short term

Companies28 Jul, 12:05negative

Yinman Mining Accident Kills One; Mining Area Halted, Plant Keeps Running, Ore Supply 2.5 Months

Xingye Yinxi's wholly-owned subsidiary Yinman Mining experienced a production safety accident underground in its third zone at approximately 3:30 p. m. on July 26, resulting in one fatality and no injuries. The company promptly reported the incident to local emergency management authorities. The cause of the accident and the death are under investigation. Currently, the mining area is suspended, while the processing plant continues normal production. Surface ore stockpiles of 350,000 tonnes on the mine site can supply the plant for about two and a half months.

Effective: -8
Intensity: 30
Confidence: 70%
Horizon: Short term

Companies28 Jul, 13:36positive

Nanping Haikuang Joint Investment Development Partnership Established, Covers Mineral Washing and Processing

The Nanping Haikuang Joint Investment Development Partnership (Limited Partnership) has been recently established, with a business scope encompassing mineral washing and processing, mineral resource reserve estimation and report compilation services, reserve evaluation services, and mining machinery sales. The partnership is jointly funded by Hainan Mining Co. , Ltd. and other investors.

Effective: +8
Intensity: 30
Confidence: 80%
Horizon: Medium term

Companies27 Jul, 18:16positive

Ningbo Yunsheng Plans Share Buyback of 50-100 Million Yuan for Employee Stock Plan, Price Cap at 19.68 Yuan

Ningbo Yunsheng (600366) announced on July 27 that it plans to repurchase shares worth between 50 million and 100 million yuan for its employee stock ownership plan. The repurchase price will not exceed 19.68 yuan per share. The company will use the repurchased shares to implement the employee stock ownership plan.

Effective: +6
Intensity: 35
Confidence: 75%
Horizon: Short term

Companies27 Jul, 14:44positive

Xiamen Xiangyu Subsidiary Co-founds Guangdong Materials Firm for High-Performance Metals

Guangdong Xiangyu Xinmei New Materials Co. , Ltd. was established on July 27, 2026, with a business scope covering sales of high-performance non-ferrous metals and alloy materials, as well as metal materials, metal products, and building materials. The company is jointly held by Xiamen Xiangyu Nonferrous Metals Co. , a wholly-owned subsidiary of Xiamen Xiangyu Co. , and other shareholders.

Effective: +3
Intensity: 20
Confidence: 60%
Horizon: Short term