香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 上市規則的涵義 於本公告日期，母公司直接持有11,962,999,080股股份，佔本公司已發行股本約 66.85%。因此，母公司為直接擁有本公司已發行股本約66.85%的本公司控股股 東，而中國有色礦業為持有母公司約57.99%股權的母公司控股股東。 中國有色礦業財務公司為中國有色礦業的非全資附屬公司。因此，母公司及中 國有色礦業各自均為本公司的關連人士。 黃石新港由母公司間接擁有超過30%權益，因此為母公司之聯繫人及為本公司 之關連人士。 湖北黃金由母公司及兩名其他獨立第三方分別擁有約40.20%及約59.80%的權 益。由於湖北黃金由母公司擁有超過30%的權益，因此為母公司之聯繫人及為 本公司之關連人士。 （於百慕達註冊成立之有限公司） （股份代號：661） 主要交易及持續關連交易 主要交易及持續關連交易 為重續現有持續關連交易及規範本集團、母集團及中國有色礦業集團之間持續 業務關係，本公司欣然宣佈 ...

Group 1 - The stock of China Daye Non-Ferrous Metals (00661.HK) has increased by nearly 20%, currently up 19.8% at HKD 0.121 [1] - The trading volume reached HKD 23.624 million [1]

Core Viewpoint - China Dajie Nonferrous Metals (00661) has seen a nearly 20% increase in stock price, attributed to market reactions to global copper smelting industry challenges and domestic policy changes [1] Industry Summary - Glencore plans to close its copper smelting plant in Canada due to high environmental renovation costs and stringent regulations, reflecting ongoing profit declines in the global smelting industry [1] - The copper concentrate supply tightness has pressured processing fees, with spot market processing fees turning negative since last year, indicating smelters are incurring costs rather than receiving payments for processing [1] - Domestic smelting sector is experiencing positive developments against internal competition, with CSPT's third-quarter meeting reaching consensus on user BM systems and measures to prevent vicious competition [1] - The China Nonferrous Metals Industry Association has suggested establishing production capacity caps for major metals like copper, lead, and zinc, drawing from the experience in electrolytic aluminum [1] - According to Dongfang Securities, the expected implementation of "anti-involution" measures may slow the growth of midstream smelting capacity, potentially leading to an upward improvement in processing fees in the medium term [1]

Core Viewpoint - China Dajie Nonferrous Metals (00661) has seen a nearly 20% increase in stock price, attributed to market reactions to global smelting industry challenges and domestic policy changes [1] Industry Summary - Glencore plans to close its copper smelting plant in Canada due to high environmental renovation costs and stringent regulations, reflecting ongoing profit declines in the global smelting industry [1] - The smelting industry is facing pressure as copper concentrate supply tightens, leading to negative processing fees in the spot market since last year, meaning smelters are incurring costs rather than receiving payments for processing [1] - Domestic smelting sector is experiencing positive developments against internal competition, with recent agreements from CSPT to implement user BM systems and prevent malicious competition [1] - The China Nonferrous Metals Industry Association has suggested establishing production capacity ceilings for major metals like copper, lead, and zinc, drawing from experiences in the electrolytic aluminum sector [1] - According to Dongfang Securities, the expected implementation of "anti-involution" measures may slow the growth of midstream smelting capacity, indicating potential upward improvement in processing fees in the medium term [1]

东方证券指出，中游冶炼产能在"反内卷"措施落地预期下增速有望减缓，边际角度来看中期冶炼费或存 向上改善空间。据悉，中国大冶有色金属上半年收入减少超10%，主要由于受国内外冶炼产能集中加速 释放和铜精矿供应紧张的双向作用，冶炼加工费持续低位运行，及企业产品产量减少。 中国大冶有色金属(00661)午后涨超16%，截至发稿，涨13.33%，报0.102港元，成交额1185.17万港元。 消息面上，国内冶炼端反内卷利好频出，10月30日，CSPT第三季度总经理会议达成用户BM体系、抵制 采用贸易商和冶炼厂平均指数的作价方式、防范恶性竞争、启动黑名单制度等共识；10月29日，中国有 色金属工业协会指出，借鉴电解铝经验，对铜、铅、锌等大宗金属考虑设立产能天花板。 来源：智通财经网 ...

Group 1 - China Daye Non-Ferrous Metals (00661.HK) saw a significant increase in stock price, rising over 16% in the afternoon session [1] - As of the report, the stock price increased by 13.33%, reaching HKD 0.102 [1] - The trading volume was recorded at HKD 11.85 million [1]

Core Viewpoint - China Dajie Nonferrous Metals (00661) saw a significant stock price increase, rising over 16% in the afternoon trading session, attributed to positive developments in the domestic smelting sector aimed at reducing internal competition [1] Industry Summary - On October 30, the CSPT's third-quarter general manager meeting reached a consensus on several measures, including the establishment of a user BM system, resisting the use of average pricing methods by traders and smelters, preventing malicious competition, and initiating a blacklist system [1] - On October 29, the China Nonferrous Metals Industry Association suggested setting production capacity ceilings for major metals such as copper, lead, and zinc, drawing from the experiences in electrolytic aluminum [1] - According to Dongfang Securities, the expected implementation of "anti-involution" measures is likely to slow the growth of midstream smelting capacity, indicating potential upward improvement in smelting fees in the medium term [1] Company Summary - China Dajie Nonferrous Metals reported a revenue decline of over 10% in the first half of the year, primarily due to the accelerated release of concentrated smelting capacity domestically and internationally, tight supply of copper concentrate, persistently low smelting processing fees, and reduced product output [1]

Core Viewpoint - China Dajie Nonferrous Metals (00661) experienced a significant stock price increase, rising over 16% in the afternoon trading session, attributed to positive developments in the domestic smelting sector aimed at reducing competition and improving profitability [1] Industry Summary - The CSPT's third-quarter general manager meeting reached a consensus on several measures to combat excessive competition, including the establishment of a user BM system, resisting the use of average pricing by traders and smelters, and initiating a blacklist system [1] - The China Nonferrous Metals Industry Association suggested considering a production capacity ceiling for major metals such as copper, lead, and zinc, drawing lessons from the electrolytic aluminum sector [1] - According to Dongfang Securities, the expected implementation of "anti-involution" measures is likely to slow the growth of midstream smelting capacity, potentially leading to an upward adjustment in smelting fees in the medium term [1] Company Summary - China Dajie Nonferrous Metals reported a revenue decline of over 10% in the first half of the year, primarily due to the accelerated release of concentrated smelting capacity domestically and internationally, tight supply of copper concentrate, persistently low smelting processing fees, and reduced product output [1]

Group 1 - Hong Kong copper stocks experienced a collective rebound, with China Daye Nonferrous Metals leading the rise at approximately 9%, followed by Jiangxi Copper at 3%, and China Gold International and China Nonferrous Mining both up by 1.3% [1] - Mining giant Glencore is reportedly planning to close its Horne smelter and associated copper refinery in Quebec, Canada, due to environmental issues and the substantial capital required for upgrades [1] - The Horne smelter has an estimated annual production capacity of over 300,000 tons, accounting for about 17% of copper imports to the United States, indicating a significant impact on the North American copper supply chain [1] Group 2 - Earlier this year, traders moved large quantities of copper into the U.S. market in anticipation of potential tariffs on copper, which led to a surge in copper prices on the New York Mercantile Exchange (Comex) [1] - In August, former President Trump decided against imposing tariffs on bulk copper, instead targeting value-added copper products, while still leaving the possibility of tariffs on raw copper starting in 2027 [1]

Group 1 - The core viewpoint of the news is that copper stocks in Hong Kong have collectively rebounded, led by China Daye Nonferrous Metals with a rise of approximately 9% [1] - Glencore is planning to close its Horne smelter and associated copper refinery in Quebec, Canada, due to environmental issues and the need for significant capital investment for upgrades [1] - The Horne smelter has an estimated annual production capacity of over 300,000 tons, accounting for about 17% of copper imports to the United States, indicating a potential disruption in the North American copper supply chain [1] Group 2 - Earlier this year, traders moved large quantities of copper into the U.S. market in anticipation of potential tariffs on copper, leading to a surge in copper prices on the COMEX [1] - In August, former President Trump decided not to impose tariffs on bulk copper but targeted tariffs on processed copper products, while leaving the possibility of tariffs on raw copper starting in 2027 [1] Group 3 - The stock performance of key companies includes: - China Daye Nonferrous Metals: latest price 0.098, up 8.89% - Jiangxi Copper: latest price 30.740, up 2.95% - China Gold International: latest price 125.400, up 1.37% - China Nonferrous Mining: latest price 13.390, up 1.36% [2]