Movement Alert｜China Nonferrous Mining Rises 5.41% in Regular Trading, Positive H1 Profit Forecast Fuels Stock Rebound

Market Focus07-20

On July 20, China Nonferrous Mining rose 5.41% in regular trading, trading at 12.87 HKD/share with turnover of approximately 61.68 million HKD. The stock rebounded after a 6.52% decline in the prior session, with the recovery largely attributed to the company's recently issued positive profit alert.

The company previously announced that it expects attributable profit of approximately $420 million for the six months ended June 30, representing a year-over-year increase of approximately 60%. The significant earnings growth was primarily driven by 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, Jinxun Resource rose 2.41%, Jiangxi Copper rose 1.05%, while China Daye Nonferrous Metal fell 1.09%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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