JIANGXI COPPER (00358) rose more than 5%, gaining 5.63% to HK$38.26 by the time of writing, with a trading volume of HK$473 million. The surge comes as LME copper prices hit a record high, approaching $12,000 per ton. Goldman Sachs recently released a 2026 commodities report, highlighting copper's strong demand and constrained supply as key drivers. Guosen Securities noted that the company benefits from low-cost, large-scale domestic open-pit copper mines, stable profitability, and further cost reductions due to rising precious metal prices. Additionally, its stake in First Quantum is expected to rebound, positioning JIANGXI COPPER to capitalize on the copper price upcycle.
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