Shares of JIANGXI COPPER (00358) advanced against the broader market trend. At the time of writing, its A-shares hit the daily upper trading limit, while its H-shares rose 8.04% to HK$40.6, with a turnover of HK$766 million.

Key Catalysts Behind the Move

The surge is linked to accelerating upgrades in AI servers and high-speed optical modules, driving rapid demand expansion for supporting high-performance, fourth-generation HVLP copper foil used in computing power. According to estimates, the global demand for high-end copper foil in AI servers is projected to reach 24,000 metric tons in 2026, marking a 260% year-over-year increase, fueled by the transition from H100 to platforms such as NVIDIA's GB200 and Rubin. This demand is expected to potentially double further to 50,000 metric tons by 2027.

Planned Unit Spin-Off

It is noteworthy that in May of this year, JIANGXI COPPER announced its intention to spin off its copper foil subsidiary for a listing in Hong Kong. As per the subsidiary's official website, its current annual production capacity for various high-grade electrolytic copper foils stands at 100,000 metric tons. This comprises 35,000 metric tons of electronic circuit copper foil and 65,000 metric tons of lithium battery copper foil. The company's copper foil products cover a thickness range from 3μm to 210μm, with a maximum width of 1650mm, and it offers custom products tailored to specific client requirements.