JPJIANC@EC2610A

China's January-February Refined Copper Output Up 9% Y/Y to 2.47 Mln Metric Tons

Jiangxi Copper to release FY2025 earnings on March 26 After-Market (BJT), forecast revenue HKD 634.05 B, EPS HKD 2.7176

Morgan Stanley Raises Jiangxi Copper's Target Price

Jiangxi Copper Successfully Acquires SolGold plc

Jiangxi Copper Plans to Apply for Registration and Issue Debt Financing Instruments

JPMorgan Increases Stake in Jiangxi Copper

Jiangxi Copper's Acquisition Offer for SolGold plc Approved

Jiangxi Copper Plans to Issue Bonds

Citi Raises Jiangxi Copper's Target Price to HKD54.1

Jiangxi Copper Signs Three-Year Mutual Supply Agreement with JCC International Trade

Jiangxi Copper's Subsidiary Renewed Mutual Guarantee Agreement

Jiangxi Copper Plans to Issue Debt Financing Instruments Worth 2.5 Billion Yuan

Jiangxi Copper Signs Cooperation Framework Agreement with China Ordnance Industry Material Group

Jiangxi Copper's subsidiary signs investment option agreement with First Quantum

Jiangtong Fengkan to Invest $6.5 Million in Lakeside for 14.9% Equity and Related Debts

JPMorgan Upgrades Jiangxi Copper's A-Share Rating to Neutral

Jiangxi Copper Signs Financing Lease Cooperation Framework Agreement with Shenzhen Jiang Copper Financial Leasing

Jiangxi Copper Hong Kong Investment to Make All-Cash Acquisition of SolGold

Jiangxi Copper Acquires Approximately 5.24% of SolGold PLC Shares

Jiangxi Copper Plans to Acquire SolGold with a Deal Value Up to 867 Million Pounds

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KAISA GROUP

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Hong Kong stocks rose moderately during intraday trading, with the three major indices collectively in the green, and the Hang Seng TECH Index rising 0.67%. In terms of sectors, consumer retail performance diverged, with SUNART RETAIL up 3.18%. Meituan's 9.87% gain boosted market sentiment, while POP MART slumped over 20%. The market is focusing on the Federal Reserve's moves and economic data such as the Manufacturing PMI, maintaining an overall pattern of volatile consolidation

- As of March 25, Hong Kong stocks are moderately rising, with major indices showing gains; the Hang Seng Index is up 0.35% to 25,151.91, yet has not surpassed the March 20 peak.  
- Market sentiment remains cautious due to fluctuating local consumption and employment indicators, with investors monitoring key economic metrics and uncertainties from the Federal Reserve's policy direction.  
- Notable stocks include CSPC Pharmaceutical, rising 3.36% with a transaction volume of HKD 663 million, and Jiangxi Copper, increasing 4.35% with a volume of HKD 589 million.

Market Heartbeat

POP MART

SUNART RETAIL

TENCENT

BABA-W

MEITUAN

XIAOMI-W

CNOOC

YOFC

BYD COMPANY

ZIJIN MINING

SMIC

CSPC PHARMA

JIANGXI COPPER

DONGFANG ELEC

GIGADEVICE

WANGUO GOLD GP

Hang Seng TECH Index

Meituan

HSTECH ETF

Hang Seng Index

Hong Kong Stocks Intraday | Hang Seng Index Rises 0.35%, Retail Diverges, Meituan Rises 9.87%

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The Global Sulfuric Acid Market is projected to grow from USD 25 billion in 2025 to approximately USD 32 billion by 2032, with a CAGR of 3.59% during 2026-2032. Key drivers include demand from fertilizer production, chemical manufacturing, and metal processing. Asia-Pacific leads the market, accounting for nearly 45% of revenue in 2025. Major players include BASF SE and Jiangxi Copper Corporation. Challenges include raw material supply volatility and stringent environmental regulations.

Fidelity

JCCL

Guotai CSI Subdivision Chemical Industry Theme ETF

ChinaAMC CSI Petrochemical Industry ETF

BASF SE

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

Penghua CSI Subdivision Chemical Industry Theme ETF

Hwabao WP CSI Subdivision Chemical Industry Theme ETF

China Southern CSI SWS Non-Ferrous Metal ETF

GF CSI Rare Metals Theme ETF

Guotai CSI Non-ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Hwabao WP CSI Non-ferrous Metal ETF

Dacheng Non-Ferrous Metal Futures ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Global Sulfuric Acid Market to Reach USD 32 Billion by 2032, Registering a CAGR of 3.59% During 2026-2032, Reports Vyansa Intelligence

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GIGADEVICE(03986) rose 18.41%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 166%. KNOWLEDGE ATLAS(02513) rose 14.15%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 420.7%. CHALCO(02600) fell 4.92%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 6.3%. SD GOLD(01787) fell 4.36%, with a trading turnover 752.3 Million HKD, and a year-to-date rose 5.2%.

Top Gainers & Losers

KNOWLEDGE ATLAS

COSCO SHIP ENGY

MONTAGE TECH

CATL

CHALCO

SD GOLD

ZIJIN GOLD INTL

Top 5 HK Stock Gainers/Losers (>100B) (3.16)

SOLG

JIANGXI COPPER announced that its wholly-owned subsidiary has officially made a tender offer to acquire all shares of the London-listed copper-gold mining company SolGold plc. The target company is located in Ecuador, with its core asset being the Alpala deposit of the Cascabel project, which has completed a preliminary feasibility study. The resource estimates include 12.2 million tons of copper, 30.5 million ounces of gold, and 102.3 million ounces of silver. This transaction is expected to significantly enhance JIANGXI COPPER's resource reserves and security capabilities, supporting its overseas strategy and sustainable development

Tasty Money

SolGold Plc

Jiangxi Copper Corporation officially announces the effectiveness of the tender offer to acquire all shares of SolGold

SolGold Delists from London Bourse After Jiangxi Copper Takeover

marketscreener

SolGold Delists from London Bourse After Jiangxi Copper Takeover

Jiangxi Copper's Offer for SolGold Approved by UK Court

Jiangxi Copper's Offer for SolGold Approved by UK Court

DGR Global Limited has announced key shareholder approvals for the takeover of SolGold plc by Jiangxi Copper, with shareholders voting in favor of a cash acquisition at 28 pence per share. The transaction is pending court sanction and could significantly benefit DGR's holdings of 204,151,800 SolGold shares. DGR emphasizes the importance of this deal for its investment portfolio and will keep the market updated on developments. The current analyst rating for DGR stock is a Hold with a price target of A$0.03.

Tip Ranks

DGR Global Limited

DGR Global Highlights Key Shareholder Approvals in SolGold Takeover by Jiangxi Copper

Jiangxi Copper proposes to register, issue medium-term notes with total not exceeding RMB15 bln

Jiangxi Copper proposes to register, issue medium-term notes with total not exceeding RMB15 bln

SolGold PLC announced the results of the Court Meeting and General Meeting held on February 23, 2026, regarding the recommended cash acquisition by Jiangxi Copper (Hong Kong) Investment Company Limited. At the Court Meeting, over 75% of Scheme Shareholders voted in favor of the resolution to approve the scheme. Similarly, at the General Meeting, a majority of SolGold Shareholders passed the Special Resolution to effect the scheme. The acquisition is subject to further conditions, including court sanction.

London Stock Exchange

REG - SolGold PLC Jiangxi Copper - Results of Court Meeting and General Meeting

JPJIANC@EC2610A(25515.HK)

JPJIANC@EC2610A Stock Performance Chart

Hong Kong Stocks Intraday | Hang Seng Index Rises 0.35%, Retail Diverges, Meituan Rises 9.87%

Global Sulfuric Acid Market to Reach USD 32 Billion by 2032, Registering a CAGR of 3.59% During 2026-2032, Reports Vyansa Intelligence

Top 5 HK Stock Gainers/Losers (>100B) (3.16)

Jiangxi Copper Corporation officially announces the effectiveness of the tender offer to acquire all shares of SolGold

SolGold Delists from London Bourse After Jiangxi Copper Takeover