Jiangxi Copper's stock soared 5.18% during intraday trading on Tuesday, marking a significant upward movement for the copper producer.

The surge follows the company's announcement of robust first-quarter financial results, with revenue reaching 139.124 billion yuan, a 25.39% increase year-over-year, and net profit attributable to shareholders surging 44.31% to 2.818 billion yuan. This strong earnings performance provides fundamental support for the stock's appreciation.

Furthermore, the rally occurred alongside broad strength in the copper sector, indicating a sector-wide bullish sentiment. The company's announcement of plans to spin off its subsidiary, Jiangxi Copper Foil, for a separate listing on the Hong Kong Stock Exchange is viewed as a potential catalyst for unlocking shareholder value, adding to positive market sentiment. The move also represents a recovery from an oversold condition following a previous decline.