On July 30, CHINFMINING rose 3.68% in regular trading to HK$14.89, with turnover of HK$19.24 million, rebounding sharply after recent declines driven by USD strength.
The rally is supported by persistent copper supply tightness. Industry data shows SHFE copper inventory fell 56.6% over the past month, while copper concentrate treatment charges hit historic lows near -$154.76/dry ton, constraining smelter output. Congo's KCC copper operations remain disrupted, further limiting global supply. Institutional research notes that copper is in sustained destocking with supply-side disruptions continuing to emerge, maintaining a favorable supply-demand dynamic.
Additionally, CHINFMINING previously issued a positive profit alert forecasting H1 attributable profit of approximately $420 million, a roughly 60% year-over-year increase driven by higher international copper and sulfuric acid prices. Within the Copper sector, JINXUN RESOURCE gained 10.37%, while JIANGXI COPPER rose 0.99%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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