On August 10, ZIJIN MINING rose 3.19% in regular trading, trading at 37.56 HKD/share, with turnover of 18.9 billion HKD.

On the news front, multiple catalysts converged to support the stock. The Democratic Republic of Congo issued an administrative order completely banning copper and cobalt concentrate exports, reinforcing global copper concentrate supply tightening expectations, with LME copper futures touching 14,229.5 USD/ton intraday, hitting a new high since late January. ZIJIN MINING confirmed that its Kolwezi copper mine produces blister copper and electrowinning copper, while the Kamoa-Kakula mine produces anode plates and blister copper, none of which fall under the ban. JP Morgan maintained ZIJIN MINING as its top pick with an Overweight rating and 50 HKD target price. UBS also maintained a Buy rating, noting limited impact from the ban.

Additionally, gold prices broke out of a two-month consolidation range, surging nearly 300 USD in a week amid weak US labor data, while China's central bank increased gold reserves for the 21st consecutive month, further supporting the precious metals sector.

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