On June 30, China Nonferrous Mining (01258.HK) declined 5.07% in regular trading, trading at HKD 10.96, with turnover of approximately HKD 39.34 million.

The decline was primarily driven by the ex-dividend date adjustment, which accounted for approximately 2.8% of the natural price deduction following the distribution of its final dividend for the fiscal year ended December 2025, as approved at the annual general meeting held on June 25. The remaining decline was attributable to broad-based weakness across the copper sector, with peers Jiangxi Copper falling 2.71% and China Daye Nonferrous declining 2.11% during the same session.

The copper sector has been under sustained pressure from multiple headwinds, including elevated Fed rate hike expectations following hawkish signals at the June FOMC meeting, a stronger US dollar, and softening domestic demand amid prolonged weakness in Chinas real estate sector. Copper prices retreated approximately 3% over the prior week on LME.

On fundamentals, China Nonferrous Mining reported Q1 attributable net profit of approximately USD 201 million, representing 63% year-over-year growth, supported by its copper-cobalt mining and smelting operations in Zambia.

(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.)