杰富瑞将必和必拓目标价从57美元上调至60美元。 ...

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，並表明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。 （於百慕達註冊成立之有限公司） （股份代號：661） 有關湖北黃金採購框架協議 修訂年度上限 背景 茲提述本公司日期為二零二二年十一月二十二日之公告（「該公告」），內容有關 （其中包括）根據湖北黃金採購框架協議湖北黃金向本集團供應若干產品，包括銅 精礦及訂約方不時協定之其他產品，期限自二零二三年一月一日至二零二五年十 二月三十一日。 歷史交易金額 於截至二零二五年十月三十一日止十個月，湖北黃金採購框架協議項下交易產生 的交易金額約為人民幣3.60百萬元（未經審核）。本公司亦確認，於本公告日期， 湖北黃金採購框架協議項下的實際交易金額尚未超過現有年度上限。 年度上限之修訂 鑒於銅、金、銀價格已較預期大幅上漲，董事會預期，截至二零二五年十二月三 十一日止年度，現有年度上限將不足以滿足湖北黃金根據湖北黃金採購框架協議 向本集團提供若干產品的預期交易金額。因此董事會建議修訂現有年度上限並增 加至經修訂年度上限，如下表 ...

Group 1 - Copper stocks showed resilience in the market, with Jiangxi Copper Co. (00358) rising by 3.82%, China Daye Non-Ferrous Metals (00661) increasing by 2.94%, and China Nonferrous Mining (01258) up by 2.8% [1][2] - The main driver for the increase in copper prices is the ongoing supply tightness, alongside rising expectations for interest rate cuts by the Federal Reserve, which has weakened the dollar and provided strong support for base metals [1][2] - The market is shifting focus towards the Federal Reserve's upcoming meeting, with increased probabilities of rate cuts contributing to a more positive market sentiment [2] Group 2 - The supply of copper raw materials remains tight, and expectations of reduced smelting output are driving strong copper price trends [2] - There is an expectation of marginal increases in short-term supply, while downstream operating rates continue to provide support, suggesting that copper prices are likely to maintain a strong performance [2]

银河证券发布研报称，矿冶博弈刺激铜价上涨。此外，美国后续仍有可能对铜加征关税的可能性下，美 铜"虹吸效应"导致的全球库存分布异化、非美地区库存低位，以及美联储在四季度持续的降息与可能的 停止缩表并开始扩表有望提升市场流动性，都有望带动铜价继续上涨。 消息面上，美国11月ADP就业人数意外减少3.2万，数据显示劳动力市场萎缩，使投资者增大了对美联 储将于下周降息的押注。根据CME FedWatch工具，市场目前预计美联储在下周三降息的可能性为 89%。此外，CSPT近期达成共识决定2026年度降低矿铜产能负荷10%以上，改善铜精矿供需基本面。 智通财经APP获悉，铜业股全线高开，截至发稿，江西铜业股份(00358)涨4.34%，报35.12港元；五矿资 源(01208)涨4.04%，报8.5港元；中国大冶有色金属(00661)涨3.77%，报0.11港元；中国有色矿业(01258) 涨3.16%，报17.29港元。 ...

责任编辑：卢昱君 客户端 铜业股早盘全线高开，截至发稿，江西铜业股份（00358）上涨4.34%，报35.12港元；五矿资源 （01208）上涨4.04%，报8.5港元；中国大冶有色金属（00661）上涨3.77%，报0.11港元；中国有色矿 业（01258）上涨3.16%，报17.29港元。 业（01258）上涨3.16%，报17.29港元。 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 铜业股早盘全线高开，截至发稿，江西铜业股份（00358）上涨4.34%，报35.12港元；五矿资源 （01208）上涨4.04%，报8.5港元；中国大冶有色金属（00661）上涨3.77%，报0.11港元；中国有色矿 责任编辑：卢昱君 ...

Market Overview - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index falling by 1.28% to close at 25,760.73 points, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index dropped by 1.68% and 1.58%, respectively [1][2]. Sector Performance - Major technology stocks and large financial stocks collectively dragged down market sentiment, with notable declines in companies like Bilibili (-3%), NetEase (-2.94%), and Alibaba (-2.17%) [4][5]. - The financial sector also faced losses, particularly in insurance stocks, with China Pacific Insurance down by 4% and China Life Insurance down by over 3% [6]. - The biopharmaceutical sector saw declines, with WuXi AppTec falling by over 3% and other major players like BeiGene and WuXi Biologics also experiencing losses [7]. Commodity and Other Stocks - In contrast, stocks in the non-ferrous metals and precious metals sectors performed well, with China Molybdenum and China Aluminum rising by over 2% [8]. - Airline stocks strengthened, with China Eastern Airlines and China Southern Airlines both gaining over 2%, supported by a new action plan promoting the integration of cultural tourism and civil aviation [9]. Capital Flows - Southbound capital saw a net inflow of 2.279 billion HKD, indicating continued interest in Hong Kong stocks from mainland investors [9]. Future Outlook - Analysts suggest that the current market adjustments may create opportunities for recovery in 2026, with expectations of a necessary interest rate cut in December due to rising unemployment and declining real wages [11].

Core Viewpoint - Copper stocks continue to rise in the afternoon session, reflecting a sustained upward trend in recent trading [1][3]. Group 1: Company Performance - Minmetals Resources (01208) increased by 3.78%, reaching HKD 8.23 [1][3]. - China Daye Non-Ferrous Metals (00661) rose by 3.96%, trading at HKD 0.105 [1][3]. - Jiangxi Copper Company (00358) saw a 2.10% increase, with shares priced at HKD 34 [1][3]. - China Nonferrous Mining (01258) experienced a 1.57% rise, with a share price of HKD 16.78 [1][3].

Core Viewpoint - Copper industry stocks continue to rise, driven by supply-demand dynamics and strategic decisions by key industry players [1] Group 1: Stock Performance - Minmetals Resources (01208) increased by 3.78%, reaching HKD 8.24 - China Daye Non-Ferrous Metals (00661) rose by 2.97%, reaching HKD 0.104 - Jiangxi Copper (00358) saw a 1.98% increase, reaching HKD 33.94 - China Nonferrous Mining (01258) grew by 0.97%, reaching HKD 16.68 [1] Group 2: Industry Developments - The China Copper Raw Materials Joint Negotiation Group (CSPT) has agreed to reduce copper concentrate production capacity by over 10% in 2026 to improve the supply-demand fundamentals [1] - CSPT aims to maintain the Benchmark system and strengthen direct cooperation with mines while resisting unreasonable pricing models from traders [1] Group 3: Market Outlook - According to a report from Galaxy Securities, the tight supply of copper ore and potential production cuts from smelting companies may lead to a more acute shortage of refined copper in 2026 [1] - If production cuts occur at the smelting level, it could further tighten refined copper supply and stimulate price increases [1]

Group 1 - Copper industry stocks continue their recent upward trend, with significant gains observed in various companies [1] - Minmetals Resources (01208.HK) increased by 3.78%, reaching HKD 8.24 [1] - China Daye Non-Ferrous Metals (00661.HK) rose by 2.97%, trading at HKD 0.104 [1] - Jiangxi Copper (00358.HK) saw a rise of 1.98%, priced at HKD 33.94 [1] - China Nonferrous Mining (01258.HK) experienced a gain of 0.97%, with shares at HKD 16.68 [1]

Group 1 - Copper stocks continue to rise, with significant increases in share prices for companies such as Minmetals Resources (+3.78% to HKD 8.24), China Daye Non-Ferrous Metals (+2.97% to HKD 0.104), Jiangxi Copper (+1.98% to HKD 33.94), and China Nonferrous Mining (+0.97% to HKD 16.68) [1][1][1] - The China Copper Raw Materials Joint Negotiation Group (CSPT) has reached a consensus to reduce copper concentrate production capacity by over 10% in 2026, aiming to improve the supply-demand fundamentals of copper concentrate [1][1][1] - A report from Galaxy Securities indicates that the tight supply of copper ore and potential production cuts from smelting companies may lead to a more pronounced shortage of refined copper in 2026, which could further drive up copper prices [1][1][1]