The National Development and Reform Commission encourages large alumina and copper smelting enterprises to implement mergers and reorganizations, Jiangxi Copper surges over 10%

The National Development and Reform Commission encourages large alumina and copper smelting enterprises to implement mergers and reorganizations to enhance industry competitiveness. Jiangxi Copper's stock price soared by over 10%, while the stock prices of CHALCO and CHINFMINING also rose

Hong Kong stocks in the non-ferrous metals sector opened higher collectively, with JIANGXI COPPER rising nearly 10%, CHALIECO up over 5%, CHALCO and CMOC up over 4%, and Ganfeng Lithium, TIANQI LITHIUM, and CHINAHONGQIAO rising over 3%

Chalco Clears Conditions for Yunnan Aluminum’s Minority Stake Acquisition in Three Subsidiaries

Aluminum Corporation of China Limited (Chalco) has obtained all necessary approvals for Yunnan Aluminum's acquisition of minority stakes in three subsidiaries. The transaction involves Yunlv Yongxin, Yunlv Runxin, and Yunlv Hongxin, with valuation methods disclosed. This move aims to optimize Chalco's equity structure and enhance operational integration in its regional aluminum businesses. Analysts rate Chalco stock as a Buy with a HK$12.50 price target.

Chalco Completes Capital Contribution to Yunnan Aluminum Foil; Shares Fall 5%

Chalco Completes Capital Contribution to Yunnan Aluminum Foil; Shares Fall 5%

Top 5 HK Stock Gainers/Losers (>100B) (12.9)

HENGRUI PHARMA(01276) rose 2.41%, with a trading turnover 272.6 Million HKD, and a year-to-date rose 68.7%. HORIZONROBOT-W(09660) rose 2.35%, with a trading turnover 1.3 Billion HKD, and a year-to-date rose 141.7%. JIANGXI COPPER(00358) fell 6.51%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 198.3%. CMOC(03993) fell 6.42%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 260.4%.