On August 11, CMOC fell 3.07% in regular trading, trading at 18.37 HKD/share, with turnover of HKD 126 million. The decline represents a continuation of profit-taking following the market consensus that the Democratic Republic of Congo copper-cobalt concentrate export ban has limited impact on the company.

Previously, CMOC shares rallied significantly from August 5 to 7, driven by the DRC concentrate export ban news. However, UBS subsequently issued a research note maintaining a Buy rating, pointing out that CMOC's TFM and KFM mines in the DRC produce cathode copper and cobalt hydroxide, which do not fall under the concentrate category. Furthermore, over 85% of the country's copper exports are already shipped in refined form. Multiple institutions have confirmed that the actual supply shock is minimal, causing earlier optimistic sentiment to dissipate and triggering sustained profit-taking.

The broader Diversified Metals and Mining sector also weakened, with Zijin Mining down 2.72%, Wanguo Gold Group down 3.16%, and MMG down 0.64%.

(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.)