Copper Stocks Surge in Late Trading as Freeport Delays Indonesian Mine Restart to 2028

Stock News
05/08

Copper-related stocks demonstrated significant strength during the late trading session. At the time of writing, JINXUN RESOURCE (03636) rose 7.96% to HK$24.42; MMG (01208) advanced 7.04% to HK$10.04; JIANGXI COPPER (00358) increased 3.6% to HK$39.72; CHINFMINING (01258) gained 3.57% to HK$14.82; and CMOC (03993) was up 3.3% to HK$20.32. The market movement follows reports from May 8 indicating that Tony Wenas, President of Freeport Indonesia, stated in a declaration on Thursday local time that the Grasberg copper mine, located in the central province of Papua, now aims to resume full production in early 2028. The mine's operations were previously halted due to a severe mudslide. Wenas had indicated in April that full production would restart by early 2027 after operations resumed in unaffected areas. This latest development represents another setback for global copper supply, which has already been impacted by a series of disruptions at major copper mines worldwide.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10