HK Stock Market Move | China Railway (00390) rises by over 5% again, the company's reserves of copper, cobalt, and molybdenum are leading domestically, focusing on the revaluation of mineral resources.

China Railway (00390) rose by more than 5%, up 4.63% as of the time of writing, at 4.52 Hong Kong dollars, with a turnover of 2.36 billion Hong Kong dollars. Guotai Haitong released a research report stating that China Railway's reserves of copper, cobalt, and molybdenum are leading in the industry in China, and the self-produced copper and molybdenum production capacity ranks among the top in the industry in China. By the first half of 2024, the production of copper metal will be 150,165 tons; cobalt metal 2,837 tons; molybdenum metal 7,682 tons; lead metal 4,565 tons; zinc metal 10,697 tons; and silver metal 18 tons. The wholly-owned subsidiary, China Railway Resources, saw a net profit attributable to equity holders of 2.58 billion yuan in the first half of 2025, an increase of 27.4% year-on-year, accounting for 22%. Changjiang expressed concerns about the company's mineral resource re-evaluation.