On May 22, MMG Limited rose 3.06% in regular trading, trading at HKD 9.12/share, with trading volume of HKD 20.16 million, extending the prior session's rebound momentum.

On the news front, MMG's Las Bambas copper mine in Peru recently signed a memorandum of understanding with the local Challhuahuacho community, under which the community committed to avoiding blockades of the southern mining corridor — a critical route for copper concentrate and material transport. Previous community blockades had repeatedly caused freight suspensions and even mine shutdowns. The agreement effectively mitigates long-term operational risk. Additionally, the company's KCM subsidiary signed underground mining service agreements with Huaye and MCC23 Botswana, securing structured technical support for Zone 5, Zeta, and Mango mining areas.

The broader copper sector showed strength, with AI-driven copper demand expectations and supply-side disruptions supporting prices. Within the Diversified Metals & Mining sector, CMOC rose 2.07%, Lygend Resource gained 4.72%, and Jiaxin International Resources advanced 2.11%, reflecting continued recovery following the sharp sell-off triggered by US rate hike fears earlier in the week.

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