Movement Alert|JIANGXI COPPER Rises 3.16% in Regular Trading, Copper Inventory Drops to Annual Low Amid Tightening Supply

Market Focus08-05

On August 5, JIANGXI COPPER rose 3.16% in regular trading, trading at 36.86 HKD/share, with turnover of 83.65 million HKD.

On the news front, multiple factors are converging to support the copper sector. On the inventory side, SHFE copper inventories have declined to 69,000 tons, down over 110,000 tons year-to-date, marking an annual low. Supply-side rigidity has intensified as copper mine capital expenditure remains insufficient and operational disruptions persist globally, with institutions projecting the copper supply-demand balance may shift from tight equilibrium toward outright shortage over the medium to long term.

Fundamentally, the company previously issued a positive profit alert, forecasting H1 net profit attributable to shareholders of 7.55 billion to 8.5 billion yuan, representing year-on-year growth of 80.86% to 103.61%. Major investment banks have maintained bullish views, noting that while spot TC/RC processing fees have turned negative due to extreme concentrate tightness, the near-term earnings impact on the company remains manageable.

(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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