Hong Kong Stocks Movement | JIANGXI COPPER (00358) Rises Over 4% in Afternoon Trading as Company Ups Bid for SolGold, Resource Reserves Expected to Expand Significantly

Stock News12-19

JIANGXI COPPER (00358) surged more than 4% in afternoon trading, up 4.2% to HK$36.68, with a turnover of HK$737 million. The company recently raised its takeover offer for UK-listed SolGold to 28 pence per share, valuing the deal at approximately £842 million (US$1.13 billion). This marks JIANGXI COPPER's third bid in three weeks.

A successful acquisition would significantly bolster JIANGXI COPPER's resource reserves and potentially double its long-term copper production. SolGold's flagship asset is the Cascabel copper-gold project in Ecuador, widely regarded as one of the world's premier undeveloped copper-gold deposits.

Citi noted that while JIANGXI COPPER's copper smelting margins are expected to decline year-on-year next year, higher copper, gold, and sulfuric acid prices are likely to drive overall margin growth. The bank views the current valuation as attractive and maintains a "Buy" rating for both its A-shares and H-shares.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1198967998?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-19 13:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1198967998","market":"sh","top_or_hot":-1,"title":"Hong Kong Stocks Movement | JIANGXI COPPER (00358) Rises Over 4% in Afternoon Trading as Company Ups Bid for SolGold, Resource Reserves Expected to Expand Significantly","media":"Stock News","content":"<p>JIANGXI COPPER (00358) surged more than 4% in afternoon trading, up 4.2% to HK$36.68, with a turnover of HK$737 million. The company recently raised its takeover offer for UK-listed SolGold to 28 pence per share, valuing the deal at approximately £842 million (US$1.13 billion). This marks JIANGXI COPPER's third bid in three weeks.</p>\n<p>A successful acquisition would significantly bolster JIANGXI COPPER's resource reserves and potentially double its long-term copper production. SolGold's flagship asset is the Cascabel copper-gold project in Ecuador, widely regarded as one of the world's premier undeveloped copper-gold deposits.</p>\n<p>Citi noted that while JIANGXI COPPER's copper smelting margins are expected to decline year-on-year next year, higher copper, gold, and sulfuric acid prices are likely to drive overall margin growth. The bank views the current valuation as attractive and maintains a \"Buy\" rating for both its A-shares and H-shares.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stocks Movement | JIANGXI COPPER (00358) Rises Over 4% in Afternoon Trading as Company Ups Bid for SolGold, Resource Reserves Expected to Expand Significantly</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Movement | JIANGXI COPPER (00358) Rises Over 4% in Afternoon Trading as Company Ups Bid for SolGold, Resource Reserves Expected to Expand Significantly\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-12-19 13:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JIANGXI COPPER (00358) surged more than 4% in afternoon trading, up 4.2% to HK$36.68, with a turnover of HK$737 million. The company recently raised its takeover offer for UK-listed SolGold to 28 pence per share, valuing the deal at approximately £842 million (US$1.13 billion). This marks JIANGXI COPPER's third bid in three weeks.</p>\n<p>A successful acquisition would significantly bolster JIANGXI COPPER's resource reserves and potentially double its long-term copper production. SolGold's flagship asset is the Cascabel copper-gold project in Ecuador, widely regarded as one of the world's premier undeveloped copper-gold deposits.</p>\n<p>Citi noted that while JIANGXI COPPER's copper smelting margins are expected to decline year-on-year next year, higher copper, gold, and sulfuric acid prices are likely to drive overall margin growth. The bank views the current valuation as attractive and maintains a \"Buy\" rating for both its A-shares and H-shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0405327148.USD","symbol_name":"ALLSPRING CHINA A FOCUS \"A\" (USD) ACC","start_time":0,"source_url":"","article_id":"1198967998","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198967998","pubTimestamp":1766123776,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"JIANGXI COPPER (00358) surged more than 4% in afternoon trading, up 4.2% to HK$36.68, with a turnover of HK$737 million. The company recently raised its takeover offer for UK-listed SolGold to 28...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0405327148.USD":"ALLSPRING CHINA A FOCUS \"A\" (USD) ACC","LU0405327494.USD":"ALLSPRING CHINA A FOCUS \"I\" (USD) ACC","BK1568":"钢铁金属股","BK1206":"铜","BK1513":"稀土概念","BK1592":"有色金属","00358":"江西铜业股份","BK1594":"碳中和概念股"},"translate_title":"港股动向|江西铜业(00358)午盘涨超4%公司Ups竞购SolGold资源储备料大幅扩张","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00358":1},"content_text":"JIANGXI COPPER (00358) surged more than 4% in afternoon trading, up 4.2% to HK$36.68, with a turnover of HK$737 million. The company recently raised its takeover offer for UK-listed SolGold to 28 pence per share, valuing the deal at approximately £842 million (US$1.13 billion). This marks JIANGXI COPPER's third bid in three weeks.\nA successful acquisition would significantly bolster JIANGXI COPPER's resource reserves and potentially double its long-term copper production. SolGold's flagship asset is the Cascabel copper-gold project in Ecuador, widely regarded as one of the world's premier undeveloped copper-gold deposits.\nCiti noted that while JIANGXI COPPER's copper smelting margins are expected to decline year-on-year next year, higher copper, gold, and sulfuric acid prices are likely to drive overall margin growth. The bank views the current valuation as attractive and maintains a \"Buy\" rating for both its A-shares and H-shares.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1198967998","isCrawlerRequest":true}