Movement Alert｜CHINFMINING Falls 5.02% in Regular Trading, Copper Shares Pressured by Rate-Hike Expectations and Softer Metal Prices

Market Focus10-29

On October 29, CHINFMINING fell 5.02% in Regular Trading, trading at HK$12.13, with turnover of HK$56.55 million.

The move aligned with weakness across copper names as rising rate-hike expectations lifted the US dollar and Treasury yields, weighing on dollar-denominated industrial metals and dampening sector sentiment.

Recent company disclosures showed CHINFMINING expected attributable profit for the first nine months to reach about $634 million, up 78% year on year, mainly supported by higher international copper prices and stronger sulfuric acid selling prices. However, the same update also showed softer operating volumes, with copper cathode output down 3% to 104,961 tonnes, blister copper and copper anode output down 9% to 280,636 tonnes, sulfuric acid output down 8% to 727,297 tonnes, and cobalt output down 71% to 199 tonnes, leaving the share price more sensitive to macro and sector pressure.

(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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