On June 15, Jiangxi Copper (00358.HK) rose 4% in regular trading, trading at HKD 36.52/share, with turnover of HKD 64.62 million. The stock continues its recovery trajectory following a broad copper sector rally earlier this month.
The ongoing upside momentum is supported by multiple factors. On the geopolitical front, U.S. President Trump announced the cancellation of planned military strikes on Iran, significantly reducing risk premiums and boosting base metal prices. International copper prices have rebounded, with LME copper holding above USD 13,500/ton. Additionally, global asset manager BlackRock recently raised its stake in Jiangxi Copper H-shares to 5.57%, signaling institutional confidence in the company.
Fundamentally, the company reported Q1 net profit of RMB 2.818 billion, up 44.31% year-over-year, with revenue of RMB 139.12 billion, up 25.39%. Supply-side tightness persists as copper concentrate spot TC remains deeply negative at -USD 115.4/ton, highlighting severe mine-level constraints that support elevated copper prices.
(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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