On September 3, JIANGXI COPPER rose 3.07% in regular trading, trading at HK$37.54/share, with turnover of approximately HK$76.999 million, rebounding after a cumulative pullback of nearly 8% over the prior two sessions.
On the news front, LME copper prices continue to hover near historical highs, while domestic copper social inventories have dropped to multi-year lows for the same period, creating a resonance between depleting stockpiles and tightening resource supply. Meanwhile, market estimates indicate that demand for high-end copper foil used in AI servers has surged approximately 260% year-over-year, driving a strategic repricing of copper. The company previously secured shareholder approval at a special general meeting to spin off its subsidiary Jiangxi Copper Foil for a separate Hong Kong listing, a move expected to further unlock value in its copper foil business segment.
Within the Copper sector, peers also posted gains. Among individual stocks, CDAYENONFER up 10.96%, JINXUN RESOURCE up 5.59%, CHINFMINING up 3.85%, JINCHUAN INTL flat at 0%, CMRU flat at 0%.
(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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