On May 26, MMG Limited rose 3.61% in regular trading, trading at 9.51 HKD/share, with trading volume of 73.23 million HKD, extending its recent rebound momentum.

On the news front, the company's Las Bambas copper mine in Peru previously signed a memorandum of understanding with the local Challhuahuacho community, in which the community committed to avoiding blockades of the southern mining corridor — a critical route for copper concentrate and supply transport. Historical blockades had repeatedly caused freight suspensions and even mine shutdowns, making this agreement a significant reduction of long-term operational risk.

Simultaneously, supply disruptions at Codelco have pushed global copper prices toward historic highs. Institutions forecast that copper prices could stabilize at $13,000 per ton in Q2, supported by stronger-than-expected domestic destocking and diminishing macro headwinds. The AI-driven surge in copper demand further reinforces the supply-constrained thesis.

Within the Diversified Metals and Mining sector, the broader group showed upward momentum. Among individual stocks, CMOC up 5.59%, Wanguo Gold Group up 5.54%, Jiaxin International Resources up 4.84%, Lygend Resources down 1.14%, Ximei Resources down 1.32%.

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