On September 8, MMG rose 3.84% in regular trading, trading at HKD 9.445 per share, with turnover of approximately HKD 22.44 million. The rally was driven by a newly signed zinc concentrate sales agreement and favorable copper market dynamics.

On the company front, MMG's wholly-owned subsidiary MMG Dugald River Pty Ltd entered into a Dugald River zinc concentrate sales agreement with Minmetals North-Europe Aktiebolag for the supply of zinc concentrate produced at the Dugald River mine, with a consolidated annual cap of USD 250 million. The agreement covers deliveries for both calendar years ahead, securing a clear sales channel and reinforcing supply chain stability amid volatile zinc markets.

On the industry front, global copper mine output fell 1.1% in the first half, with major producers including Codelco and Freeport-McMoRan posting double-digit declines. Morgan Stanley now expects flat or slightly lower full-year output, potentially the first annual decline since 2017. Domestically, copper social inventory dropped 18.81% week-over-week to historic lows, reinforcing a supply-tightening narrative that supports elevated copper prices.

(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.)