On June 15, MMG Limited rose 7.15% in regular trading, trading at 9.73 HKD/share with turnover of HKD 118 million, extending the copper sector rally momentum from prior sessions.

The surge is underpinned by multiple catalysts. The US government is reportedly set to impose a 15% tariff on refined copper imports from January 2027, potentially rising to 30% in 2028, widening the non-US supply gap and pushing COMEX-LME premiums higher. Goldman Sachs raised its LME copper 2027 average price forecast by 28% to $13,800/ton. Additionally, JPMorgan recently initiated coverage on MMG with an Overweight rating and a target price of 13 HKD, noting that nearly 90% of the company's gross profit is copper-related, giving it the highest earnings sensitivity to copper prices among peers. The bank expects MMG's earnings conversion to strengthen as fixed cost absorption improves and deleveraging continues.

Within the Diversified Metals and Mining sector, individual stocks broadly advanced: CMOC up 6.7%, Wanguo Gold up 10.21%, Jiaxin International Resources up 3.72%, Lygend Resources up 4.66%, North Mining up 7.04%.

(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.)