On August 6, CMOC rose 3.57% in regular trading, trading at 19.32 HKD/share, with turnover of HKD 152 million. The rise was driven by intensifying concerns over a potentially historic El Nino event disrupting global copper supply.

Multiple reports indicate the Pacific is forming what could be among the strongest El Nino events in 150 years, creating dual threats to global copper mining regions. In South America, Chile and Peru face severe flooding and logistics disruption risks, while Southern Africa confronts acute drought conditions that have sharply curtailed hydropower generation, threatening energy supply to mining operations.

As a global copper-cobalt leader, CMOC derives primary copper output from its TFM and KFM mines in the Democratic Republic of Congo. The company has proactively deployed a 200MW-class hydropower station project to mitigate energy risk. The supply tightening narrative builds on strong fundamentals, with the company previously guiding H1 net profit of RMB 15.5-16.5 billion, representing 79%-90% year-on-year growth, driven by a 9.7% increase in copper output to 388,000 tonnes and rising molybdenum and tungsten prices.

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