On July 23, CMOC rose 3.8% in regular trading, trading at HK$18.0 per share, with turnover of HK$366 million.

On the news front, Shanghai Futures Exchange copper inventories dropped sharply to 35,091 tonnes, representing a single-day decline of approximately 11.5%, with the pace of destocking exceeding market expectations and reinforcing the supply-demand tightness thesis, providing support for copper prices. Meanwhile, molybdenum prices are running at near three-year highs, with the strategic substitution of molybdenum for tungsten elevating the material's strategic importance, directly benefiting the company's molybdenum-tungsten operations.

On the fundamental side, the company previously disclosed expected H1 net profit attributable to shareholders of RMB 15.5 billion to 16.5 billion, representing year-over-year growth of 79% to 90%, driven primarily by copper product volume and price increases alongside the consolidation of its Brazilian gold mining business. Bank of America Securities maintains a Buy rating with a target price of HK$22, citing copper price resilience and production growth.

(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.)