On June 2, MMG Limited rose 4.5% in regular trading, trading at HK$9.56/share, with trading volume of HK$54.15 million, extending its recent rebound trajectory.

On the news front, international copper prices continued to strengthen, with overnight COMEX copper futures rising over 2% and LME copper prices gaining nearly 2%. Goldman Sachs, Citi, and other institutions noted that aggressive US copper stockpiling has drained global spot markets, causing the copper supply gap outside the US to widen sharply. Meanwhile, weakening global mine supply outlook combined with sustained demand from artificial intelligence and energy transition sectors provides strong support for copper prices. Institutions are bullish on copper reaching new highs, with Goldman Sachs raising its year-end copper price forecast.

Within the Diversified Metals & Mining sector, the overall sector showed strength. Among individual stocks, CMOC up 2.38%, Jiaxin International Resources up 4.09%, Wanguo Gold Group down 1.33%, Lygend Resource up 0.35%, Ximei Resources down 0.65%.

(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.)