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June 28th, 2023 | 08:30 CEST

Manuka Resources, BYD, Rheinmetall - Hot commodity rally on the stock market

  • Mining
  • Gold
  • Electromobility
  • armaments
Photo credits: Rheinmetall AG

Manuka Resources expands mining projects in New South Wales following the acquisition of Trans-Tasman Resources. The strategic plan calls for increased gold production at Mt. Boppy Gold Mine. Carmakers struggle for profitability in China, while BYD posts a net profit of USD 2.5 billion. President Xi Jinping is promoting battery-powered vehicles with incentives for consumers. Warren Buffett reduces his BYD shareholding. Rheinmetall wins the order to supply 14 Leopard 2A4 main battle tanks to Ukraine. The order is financed by the Dutch and Danish governments. Delivery of the first vehicle is scheduled for January 2024. Rheinmetall has already delivered Marder infantry fighting vehicles and received another order.

time to read: 3 minutes | Author: Juliane Zielonka
ISIN: Manuka Resources Limited | AU0000090292 , BYD CO. LTD H YC 1 | CNE100000296 , RHEINMETALL AG | DE0007030009

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    Manuka Resources expands mining projects in New South Wales and restarts gold production at Mt. Boppy Gold Mine

    Australian mining and exploration company Manuka Resources has recently acquired Trans-Tasman Resources Ltd, adding two further 100% permitted mining projects in the Cobar Basin in New South Wales.

    The Mt. Boppy Gold Mine is a mining camp with 48 employees and surrounding properties. There is an existing open pit mineral resource on the properties. An upcoming exploration program is being undertaken to determine whether mining extensions to Mt. Boppy will be either underground or open pit.

    Predicted gold production from Mt. Boppy remains consistent with the strategic plans recorded in the February 2023 Exploration Report. The report indicates a production increase of approximately 20-25 thousand ounces of gold per year for a period of approximately 3 years.

    The project is in an advanced exploration stage, including ongoing drilling below the pit floor.

    The Wonawinta Silver Project comprises a silver mine, an 84-person mining camp, a processing plant and adjacent properties. The mine was formerly the largest primary producer of silver in Australia and is home to a JORC resource.

    The Wonawinta processing plant has a nominal capacity of over 850,000 tonnes per annum. Manuka Resources has recently completed the optimization of the plant and metallurgical recovery process.

    BYD - China's economic growth falters, Warren Buffett reduces BYD shareholding

    China's economic recovery is faltering at the moment. But President Xi Jinping continues to promote battery-powered vehicles, as the current government plan shows. This plan provides Chinese consumers with incentives of up to EUR 3,651 per vehicle for 2 years, followed by another 2 years of discounts of up to 15,000 yuan. In total, Beijing is offering EUR 65 billion in tax breaks for buyers of electric cars.

    The tough price war poses a challenge for most Chinese carmakers specializing in new energy vehicles to become profitable. However, industry leader BYD, which also sells hybrid vehicles, car batteries and electronics, posted a net profit of EUR 2.2 billion last year.

    Reason enough for value investor legend Warren Buffett to reduce his stake in BYD somewhat. His investment company Berkshire Hathaway, has just sold 2.53 million Hong Kong-listed BYD shares for EUR 78.8 million. The sale on June 19 reduced Berkshire's stake in BYD's issued H shares from 9.21% to 8.98%, according to a filing with the Hong Kong Stock Exchange.

    Rheinmetall wins contract to supply Leopard 2A4 main battle tanks to Ukraine

    As Germany's leading defence group, Rheinmetall generates sales of EUR 4.24 billion in the Defence segment. The Dutch government has commissioned Rheinmetall to supply Ukraine with 14 Leopard 2A4 main battle tanks. In April 2023, the governments of the Netherlands and Denmark announced their intention to jointly acquire Leopard 2A4 main battle tanks and make them available to Ukraine for its defence campaign. The order placed will be jointly financed by the Dutch and Danish governments and implemented within the framework of the international armoured coalition to effectively support Ukraine. The order is worth a low three-digit million euro amount.

    Delivery of the first vehicle is scheduled for January 2024, while the remaining deliveries are expected to occur during 2024. Rheinmetall has taken over refurbished Leopard 2A4 vehicles from previous inventories of various user nations, which are now available.

    Rheinmetall actively supports the field of combat vehicles, either through ring exchanges with partner countries or through direct deliveries. In March 2023, Rheinmetall delivered the first 20 Marder infantry fighting vehicles ordered by the German government to Ukraine. Another order was recently placed for a second batch of 20 Marder vehicles, which will be delivered before the end of summer 2023.

    These developments show that companies such as Manuka Resources, BYD and Rheinmetall are driving their respective industries forward and meeting the challenges of the market. The mining sector, the electric vehicle industry and the defence sector are dynamic areas where innovation and adaptability are crucial. Just Manuka Resources can be excited about the resumption of the Mt. Boppy gold mine. In times of crisis, many investors increase their gold holdings. Silver is used as a precious metal in the electric vehicle industry, demand in China is stalling slightly, but in general, the growth of e-mobility is unstoppable. The existing conflicts enable the defence company Rheinmetall to expand its profitability further.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

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    Der Autor

    Juliane Zielonka

    Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.

    About the author

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