Hong Kong Stock Movement: CDAYENONFER rises 15.56%, active trading attracts market attention

CDAYENONFER rose by 15.56%; Jiangxi Copper Co., Ltd. rose by 3.35%, with a transaction volume reaching HKD 474 million; China Nonferrous Mining rose by 1.97%, with a transaction volume reaching HKD 74.99 million; the market value of China Metal Utilization reached HKD 354 million

Hong Kong copper stocks have risen significantly, with China Daye Nonferrous Metals leading the way with an increase of over 14%, China Nonferrous Mining up 5.3%, Jiangxi Copper and MMG up 4%, China Gold International up 2.5%, and CMRU up 1.2%

Understanding the Market | Copper stocks collectively rise as China-U.S. tariff negotiations dominate macro sentiment, with positive expectations driving copper prices close to their peak

Copper stocks collectively rose, influenced by positive expectations regarding China-U.S. tariff negotiations. China Daye Nonferrous Metals rose by 10%, CMOC rose by 7.28%, and both JIANGXI COPPER and ZIJIN MINING rose by 4.29%. China and the U.S. are conducting economic and trade consultations in Kuala Lumpur, reaching a preliminary consensus. Despite tight copper mine supply and a harsh smelting profit environment, downstream consumption has improved. China Merchants Securities believes that the acceptance of copper prices has increased and expects copper prices to rise next year

Understanding the Market | CDAYENONFER rises nearly 25% again, concentrate processing fees remain low, and the copper smelting industry may welcome a reversal of involution

CDAYENONFER rose nearly 25% again, with a cumulative increase of over 144% in the past nine trading days. As of the time of writing, it rose 19.82%, trading at HKD 0.133, with a turnover of HKD 33.5506 million. In terms of news, the fifth meeting of the third council of the Copper Branch of the China Nonferrous Metals Industry Association was recently held in Xiong'an New Area, Hebei. The issue of "involution" competition in the copper smelting industry leading to persistently low copper concentrate processing fees was the most concentrated feedback from representatives at this meeting and is also the most prominent issue in the industry at present. CDAYENONFER's revenue in the first half of the year decreased by over 10%, mainly due to the dual effects of accelerated release of concentrated domestic and foreign smelting capacity and tight supply of copper concentrate, resulting in persistently low smelting processing fees and reduced product output of the enterprise

Hong Kong stock movement: CDAYENONFER rises 18.92%

CDAYENONFER rose 18.92%; Jiangxi Copper Co., Ltd. rose 10.62%, with a transaction volume reaching HKD 1.772 billion; China Nonferrous Mining rose 7.58%, with a transaction volume reaching HKD 306 million; China Metal Resources fell 3.28%, with a transaction volume reaching HKD 1.05 million; Jinchuan International's market value reached HKD 8.405 billion