CMOC's stock surged 5.01% during intraday trading on Friday, marking a significant upward movement for the diversified metals and mining company.

The rally is part of a broader sector recovery following a multi-day correction, catalyzed by a notable decline in US Treasury yields. The 10-year yield dropped approximately 6.7 basis points below 4.6%, providing fundamental support for commodity prices. CMOC, which had fallen over 14% cumulatively since May 14, is experiencing a technical rebound driven by this sector-wide momentum.

Further bolstering investor sentiment are the company's strong fundamentals. CMOC reported Q1 net profit growth of approximately 97% year-over-year. Additionally, copper prices remain elevated above $13,400 per ton, supported by ongoing supply constraints and growing electricity demand linked to artificial intelligence infrastructure, which reinforces the long-term earnings outlook for the company.