Jiangxi Copper (00358) surged 11.39% in Monday's intraday trading following the announcement of its agreement to acquire London-listed SolGold in an all-cash deal. The stock's sharp rise reflects investor optimism about the strategic expansion.

The acquisition, priced at £0.28 per share, values SolGold at up to £764.4 million. Shareholders holding 28.5% of SolGold have already committed to voting in favor of the deal, which has also received the SolGold board's backing. This move strengthens Jiangxi Copper's position as a global copper and precious metals player.

The rally coincides with a broader surge in precious metals markets, where silver prices have hit record highs in 2025. Jiangxi Copper, as a significant silver producer, may benefit from this trend, though the acquisition news remains the primary driver of today's price movement.