Movement Alert|MMG Rises 3.85% in Regular Trading, Las Bambas Mine Resumption Eliminates Supply Disruption Uncertainty

Market Focus
08/26

On August 26, MMG rose 3.85% in regular trading, trading at HK$9.575/share, with turnover of HK$70.61 million.

On the news front, the company announced on August 24 that its Las Bambas mine and concentrator in Peru resumed operations on August 21, following a fatal accident on August 18 that caused two deaths and three injuries during pump replacement work at a purification pond approximately 9 kilometers from the concentrator. The mine was temporarily suspended as a precautionary measure.

Las Bambas produced approximately 410,000 tonnes of copper in 2025, representing around 2% of global supply. The rapid two-day turnaround effectively removed supply disruption concerns from the market. Morgan Stanley previously maintained an Overweight rating on MMG with a target price of HK$11.7, noting that Las Bambas output is expected to reach the upper end of its full-year guidance of 380,000-400,000 tonnes of copper-in-concentrate, with production and cost improvements set to drive earnings growth.

(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.)

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。

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