On September 3, MMG rose 3.14% in regular trading, trading at HK$9.4 per share, with turnover of approximately HK$55.63 million.

On the news front, copper mining stocks staged a broad rebound following a sharp collective selloff in the prior session triggered by an escalation in Middle East geopolitical tensions combined with hawkish Fed rhetoric. The Diversified Metals and Mining sector recovered broadly, with Wanguo Gold Group up 6.05%, Lygend Resource up 2.74%, and CMOC up 2.24%.

Fundamentally, mine-side supply tightness remains a core supporting theme. Industry research indicates global copper mine supply growth is estimated at just 1%, with disruption rates at historically elevated levels and smelter treatment charges at extreme lows constraining capacity utilization. MMG's flagship Las Bambas mine in Peru resumed operations on August 21 following a brief safety-related shutdown, removing a near-term supply disruption overhang.

The company reported record first-half results, with revenue of US$4.54 billion, up 61% year-over-year, and net profit attributable to shareholders of US$807 million, surging 164%. Multiple investment banks have maintained buy ratings on the stock.

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