On July 21, China Nonferrous Mining rose 4.16% in regular trading, trading at HK$13.46/share, with turnover of HK$15.25 million. The stock extended its recent rebound, with market sentiment continuing to be buoyed by the company's earlier positive earnings forecast.
On the news front, China Nonferrous Mining previously announced that it expects attributable profit of approximately US$420 million for the six months ended June 30, representing a year-on-year increase of approximately 60%. The company attributed the strong performance primarily to rising international copper prices and higher sulfuric acid prices. As a vertically integrated copper-cobalt mining and smelting enterprise, elevated copper prices directly enhance the company's profitability.
Within the Copper sector, peer stocks also showed strength, with Jinxun Resource up 4.16% and Jiangxi Copper up 2.25%.
(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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