HK Stock Market Move | JIANGXI COPPER(00358) rose more than 5% with copper prices approaching $12,000. Institutions are optimistic about its full benefit from the upward trend in copper prices.

Jiangxi Copper (00358) surged by more than 5%, rising by 5.63% to HK$38.26 as of press time, with a turnover of HK$4.73 billion. On the news front, LME copper prices soared to record highs, approaching $12,000 per ton. Goldman Sachs recently released a report on commodities for 2026, pointing out that copper is still highly favored due to strong demand and limited supply factors. Guosen previously pointed out that the company's domestic large open-pit copper mines have low costs and stable profits. The rising prices of precious metals further lower the cost of copper mining, and the world's largest open-pit tungsten mine is entering full production. The stock of First Quantum is about to emerge from a low period, with great profit potential, benefiting greatly from the upward trend in copper prices.