CMOC's stock price soared 5.10% during intraday trading on Tuesday, driven by a convergence of positive catalysts.

Global copper supply tightness continues to intensify, providing a fundamental tailwind for the miner. Codelco's internal audit recently revealed approximately 27,000 tons of copper were misclassified as finished products, pushing its actual output to the lowest level since 1998. Simultaneously, Freeport further delayed its Indonesia project restart and lowered production guidance, compounding supply concerns. Robust demand from AI data center buildouts and new energy applications continues to support elevated copper prices.

Adding to the positive sentiment, today marks the company's annual equity distribution record date, with a cash dividend of 0.286 yuan per share (pre-tax), totaling over 6.1 billion yuan in distributions, which attracted short-term capital flows. The company's strong first-quarter performance, with net profit attributable to shareholders of 7.76 billion yuan, up 96.65% year-over-year, further bolstered investor confidence.