HK Stock Market Move | BRETON(01333) rose more than 12% in early trading. The company signed a strategic cooperation agreement for unmanned driving of 150 electric mining trucks.

BRETON (01333) rose more than 12% in early trading, and as of the time of writing, it was up 9.2% to HK$38, with a trading volume of HK$36.1478 million. On the news front, BRETON announced that it recently signed a strategic cooperation framework agreement with Fujian Rixin Machinery Leasing Co., Ltd. According to the agreement, Fujian Rixin plans to purchase no less than 150 electric mining trucks and related unmanned driving services from BRETON for use in mining operations such as earthwork stripping, loading and unloading, transportation, and dumping. This cooperation marks a new milestone for BRETON in the commercial application of unmanned driving in mines. Shenwan Hongyuan Group released a research report stating that when terminal metal prices rise, mining company profits increase, and the willingness to purchase equipment strengthens. Equipment demand increases as the price increase expands, initially by extending mining time and increasing mining faces to increase production. Demand for vehicles, consumables, and maintenance services increases first. When prices rise further, the speed of investment in new mining developments will accelerate, leading to an increase in new equipment purchases.