Dongwu Securities: Rising metal prices drive capital expenditure higher, with a vast market space for mining machinery products.

Dongwu Securities released a research report stating that the global mining machinery market has reached a scale of 135 billion US dollars, with high gross profit aftermarket accounting for nearly half. The surge in metal prices and the decline in grade resonate, driving capital expenditures of mining enterprises upward. Chinese manufacturers, with their cost-effective and electrification advantages, are accelerating global penetration alongside Chinese mining enterprises going overseas, welcoming growth opportunities in the high-end market.