Movement Alert|China Nonferrous Mining Rises 5.41% in Regular Trading, Positive H1 Profit Forecast Fuels Stock Rebound

Market Focus
07/20

On July 20, China Nonferrous Mining rose 5.41% in regular trading, trading at 12.87 HKD/share with turnover of approximately 61.68 million HKD. The stock rebounded after a 6.52% decline in the prior session, with the recovery largely attributed to the company's recently issued positive profit alert.

The company previously announced that it expects attributable profit of approximately $420 million for the six months ended June 30, representing a year-over-year increase of approximately 60%. The significant earnings growth was primarily driven by rising international copper prices and higher sulfuric acid prices. As a vertically integrated copper-cobalt mining and smelting enterprise, elevated copper prices directly enhance the company's profitability.

Within the Copper sector, Jinxun Resource rose 2.41%, Jiangxi Copper rose 1.05%, while China Daye Nonferrous Metal fell 1.09%.

(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.)

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