On July 10, CMOC Group rose 3.68% in regular trading, trading at HK$15.22/share, with turnover of HK$125 million. The stock rebounded alongside a broad recovery in the non-ferrous metals sector after consecutive sessions of selling pressure.

On the news front, sector peers rallied in tandem, with Wanguo Gold Group up 4.57%, MMG up 3.88%, and Jiaxin International Resources up 3.10%, reflecting coordinated sector recovery. CMOC Group had previously accumulated significant losses from its June high following sustained profit-taking. The rebound was further supported by ongoing fundamental catalysts, including the company's suspension of tailings supply to Xiamen Tungsten's subsidiary Luoyang Yulu, a move interpreted by the market as a strategic reclamation of high-value tungsten resources amid tungsten prices running near three-year highs. Additionally, the molybdenum-for-tungsten substitution theme in semiconductor manufacturing continues to provide structural demand expectations. Short-term oversold repair demand combined with sector-wide momentum drove the technical bounce.

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