HK Stock Market Move | MMG(01208) rose more than 4% in early trading, with copper prices recently hitting a historical high. The company's three major copper mines are expected to release a strong production output.

MMG (01208) rose more than 4% in early trading, up 4.14% as of the time of publication, to 10.07 Hong Kong dollars, with a turnover of 2.73 billion Hong Kong dollars. On the news front, copper prices have recently hit record highs. China Securities Co., Ltd. believes that the essence of the non-ferrous market is to price the global new and old order, so copper will inevitably take the baton from gold and silver. The copper market is not yet over, 13000 US dollars is not the end of this round of copper prices, and the odds of copper prices in 2026 are optimistic. Looking ahead, after copper prices reached historical highs, they will enter a phase of technical correction. In the short term, profit-taking and weak reality will suppress copper prices, but structural demand will still provide strong support for copper prices. Galaxy Securities released a research report stating that MMG is the core overseas mineral resource operation platform of China Minmetals Group, focusing on the upstream extraction of basic metals such as copper and zinc. It operates 3 copper mines and 2 zinc mines in Peru, the Democratic Republic of Congo, Botswana, and Australia. It plans to acquire the nickel industry in Brazil by 2025 to promote income, regional, and metal diversification. The bank pointed out that the company's three major copper mines have strong certainty in production release, and with a clear background of rising copper prices, profit elasticity is expected to be fully realized.