Movement Alert|China Nonferrous Mining Rises 4.16% in Regular Trading, Mid-Year Profit Alert Continues to Boost Share Price Recovery

Market Focus
07/21

On July 21, China Nonferrous Mining rose 4.16% in regular trading, trading at HK$13.46/share, with turnover of HK$15.25 million. The stock extended its recent rebound, with market sentiment continuing to be buoyed by the company's earlier positive earnings forecast.

On the news front, China Nonferrous Mining previously announced that it expects attributable profit of approximately US$420 million for the six months ended June 30, representing a year-on-year increase of approximately 60%. The company attributed the strong performance primarily to rising international copper prices and higher sulfuric acid prices. As a vertically integrated copper-cobalt mining and smelting enterprise, elevated copper prices directly enhance the company's profitability.

Within the Copper sector, peer stocks also showed strength, with Jinxun Resource up 4.16% and Jiangxi Copper up 2.25%.

(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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