On July 8, Jiangxi Copper (00358.HK) fell 3.08% in regular trading, trading at HK$29.72/share, with turnover of HK$58.01 million.

On the news front, the company announced on July 7 that Chairman Zheng Gaoqing submitted his written resignation letter to the board due to reaching statutory retirement age. He has resigned from all positions including Chairman, Executive Director, Nomination Committee Chairman, and ESG Development Committee Chairman, effective immediately upon delivery to the board. The company stated it will complete board by-elections as soon as possible and confirmed that the departure will not affect daily operations or reduce board membership below legal requirements.

The broader copper sector remains under pressure, with China Nonferrous Mining down 0.75% and China Daye Non-Ferrous Metals down 1.08%. Notably, Jiangxi Copper had already declined approximately 3.07% on July 7 prior to the formal announcement, reflecting early market sensitivity to sector headwinds and leadership transition uncertainty.

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