HK Stock Market Move | PIZU GROUP (09893) rose nearly 15% as gold and copper prices continue to strengthen. The company owns two mining assets.

PIZU GROUP (09893) rose nearly 15%, with a cumulative increase in stock price of over 70% this month. As of the time of writing, it increased by 14.79% to 1.63 Hong Kong dollars, with a trading volume of 7.0862 million Hong Kong dollars. On the news front, on January 29th, the spot gold price hit a high of $5598.75 per ounce, with a year-to-date increase approaching 30%; in addition, the Shanghai copper futures contract 2603 hit a historical high, reaching a high of 110970 RMB per ton, while LME copper prices continued to rise, breaking through $14000 per ounce for the first time. Public information shows that PIZU GROUP has been strengthening its influence and control in the mineral resources field through its two core assets, Anhui Jinding Mining and the Tibet Tianten Project. It is reported that since its operation in August 2021, Anhui Jinding Mining has become an important profit growth point for the group, with its main products including sulfur concentrate, copper concentrate, iron concentrate, and gold ore. In the past fiscal year, the mine has extracted over 960,000 tons of ore, with a compound annual revenue growth rate of over 60% in the past three years. In addition, the Tibet Tianten Project in Motuo County, Tibet is expected to be completed and put into operation by the end of 2026.