Movement Alert|CHINFMINING Rises 3.38% in Regular Trading, Copper Supply Tightening and Upcoming Interim Results Drive Gains

Market Focus
Aug 17

On August 17, CHINFMINING rose 3.38% in regular trading, trading at 14.69 HKD/share, with turnover of 5.97 million HKD.

On the news front, the company's board is scheduled to review interim results and dividend matters on August 21. The company previously issued a positive profit alert, forecasting attributable profit of approximately USD 420 million for the first half, representing a year-on-year increase of approximately 60%, primarily driven by rising international copper prices and sulfuric acid prices.

Institutions noted that the copper price narrative is shifting from demand-side drivers toward a dual-engine model of supply constraints and demand rigidity, with the medium-to-long-term copper price center expected to move higher. Within the Copper sector, JIANGXI COPPER rose 3.71%, JINXUN RESOURCE rose 0.47%, while CDAYENONFER, JINCHUAN INTL, and CMRU were flat.

(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.)

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