On October 9, CMOC rose 3.27% in regular trading, trading at HK$15.51 with turnover of HK$100 million, as sentiment recovered after the previous day's disturbance from UBS's disclosed reduction in long position. The sector also rebounded, with Zijin Mining up 4.54% and Wanguo Gold Group up 4.30%, lending support to the broader recovery.

The earlier disclosure that UBS's long position in CMOC H-shares fell to 4.97% due to a securities lending return, rather than open-market selling, had weighed on short-term sentiment. With that concern digested, attention returned to fundamentals. CMOC reported first-half revenue of RMB 135.32 billion, up 42.78% year-over-year, and net profit attributable to shareholders of RMB 16.152 billion, up 86.27%, both record highs.

Fundamentals remain supported by a tight ferromolybdenum market and historically low global copper inventories. Copper prices holding at elevated levels continue to provide earnings support for the company.

CMOC is engaged in the mining, processing, and trading of base metals and rare metals, with operations spanning China, Latin America, North America, and Europe.