HK Stock Market Move | JIANGXI COPPER(00358) rises by more than 3% again, the industry will solidly promote the control of copper smelting production capacity.

Jiangxi Copper (00358) rose by more than 3%, rising to 3.4% at the time of publication, at HK$48.84, with a turnover of HK$385 million. In terms of news, on February 3, at the news conference on the economic operation of the non-ferrous metal industry in 2025 held by the China Nonferrous Metals Industry Association, Duan Shaofu, Deputy Secretary-General of the China Nonferrous Metals Industry Association, stated that they will solidly promote the capacity governance of copper smelting. Currently, more than 2 million tons of copper smelting projects have been halted in China, effectively restraining the rapid growth of copper smelting capacity. In the future, the industry association will continue to cooperate with relevant national departments to strictly control the addition of new copper smelting projects, improving the current situation of increasing reliance on external sourcing. Open Source Securities pointed out that the company is a leading domestic copper smelting producer, with an integrated industry chain in the fields of copper and related non-ferrous metals including exploration, mining, ore dressing, smelting, and processing. Currently, the company's main assets include leading copper smelting capacity in China and five producing copper mines, with overall production being stable. At the same time, the company actively practices the "resource priority" strategy, promoting strategic cooperation with First Quantum and has already made resource layouts in Central Asia, South America, and other regions. Cooperative resource projects (e.g. Ayenek Copper Mine, North Peru Mining) are expected to see positive results.