China Railway Surges Over 6% in Afternoon Trading, Leads Domestic Copper-Cobalt-Molybdenum Reserves

Deep News01-28

China Railway (00390) saw its share price climb 6.48% in the afternoon session, currently trading at HKD 4.60, with a turnover of HKD 346 million.

A research report from Guotai Haitong Securities indicated that China Railway's proven reserves of copper, cobalt, and molybdenum hold a leading position within the domestic industry. The company's self-produced copper and molybdenum capacities are already among the top in the domestic sector. In the first half of 2024, it produced 150,165 tonnes of copper metal; 2,837 tonnes of cobalt metal; 7,682 tonnes of molybdenum metal; 4,565 tonnes of lead metal; 10,697 tonnes of zinc metal; and 18 tonnes of silver metal. Its wholly-owned subsidiary, China Railway Resources, reported an attributable net profit of RMB 2.58 billion for the first half of 2025, a year-on-year increase of 27.4%, accounting for 22% of the total. Changjiang Securities, meanwhile, suggested focusing on the potential revaluation of the company's mineral resources.

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