消息面上，近日，中国有色金属工业协会铜业分会第三届理事会第五次会议在河北雄安新区召开。铜冶 炼行业"内卷式"竞争导致铜精矿加工费持续低位的问题是此次会议中代表反馈最集中的问题，也是行业 当下最突出的问题。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)再涨近25%，近九个交易日累计涨幅已超144%。截至发稿，涨19.82%，报 0.133港元，成交额3355.06万港元。 ...

Market Overview - The Hong Kong stock market indices rebounded after an initial dip, with the Hang Seng Index slightly up by 0.04%, and the Hang Seng China Enterprises Index and Hang Seng Tech Index rising by 0.52% and 0.63% respectively, ending a three-day decline [1] Sector Performance - Large technology stocks showed mixed results, with Kuaishou up by 1.69%, while Meituan, JD.com, and Baidu also saw gains. Alibaba, NetEase, Xiaomi, and Tencent experienced slight declines [1] - Copper prices surged due to supply shortages and a computing power revolution, leading to significant gains in copper mining stocks. China Daye Non-Ferrous Metals soared nearly 20%, Jiangxi Copper rose over 11%, and China Nonferrous Mining increased by 8% [1] - Hong Kong local bank stocks surged, particularly HSBC, which plans to privatize through an agreement, causing Hang Seng Bank's stock to spike by 41%, reaching a historical high [1] - Mining resource stocks and high-speed rail infrastructure stocks saw substantial increases, with China Railway Group rising over 10% [1] - Institutional analysts are focusing on Q4 demand recovery due to low baselines, leading to a collective rebound in airline stocks, with China Eastern Airlines up nearly 10%. Wind power, semiconductor, telecommunications, oil, and property management stocks also saw gains [1] Declines in Specific Sectors - Pharmaceutical stocks fell across the board, with Innovent Biologics, SiHuan Pharmaceutical, and I-Mab leading the decline in innovative drug stocks [1] - The film industry faced a downturn due to poor box office performance during the National Day holiday, resulting in a collective drop in cinema stocks [1] - The automotive sector mostly declined [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國大冶有色金屬礦業有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00661 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | HKD | | 0.05 HKD | | 1,500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 30,000,000,000 | HKD | | 0.05 HKD | | 1,500,000,000 | | 2. ...

Core Viewpoint - BHP will invest over $555 million in Australian copper mines [1] Company Summary - BHP is making a significant investment in the Australian copper mining sector, indicating a strong commitment to expanding its operations in this area [1]

Core Viewpoint - China Dajie Nonferrous Metals (00661) saw a significant intraday increase of over 27%, closing up 25.71% at HKD 0.088, with a trading volume of HKD 11.1895 million [1] Industry Summary - The third council meeting of the Copper Industry Branch of the China Nonferrous Metals Industry Association was held in Xiong'an New Area, Hebei, where representatives from major companies discussed operational conditions, copper concentrate processing fees, and challenges faced by enterprises [1] - The Copper Industry Branch expressed strong opposition to "involution" competition within the copper smelting industry [1] Company Insights - According to a report by Everbright Securities in July, implementing "anti-involution" policies in the copper industry may limit new copper smelting capacity and accelerate the exit of small smelting capacities, which could benefit downstream copper consumption driven by growth in renewable energy and grid upgrades [1] - The report suggests that if growth stabilization plans in the copper industry impose restrictions on smelting capacity, the value of smelting assets may be re-evaluated, highlighting companies with low copper self-sufficiency but large smelting capacities as potential investment opportunities [1]

智通财经APP获悉，中国大冶有色金属(00661)盘中涨超27%，截至发稿，涨25.71%，报0.088港元，成 交额1118.95万港元。 消息面上，中国有色金属工业协会铜业分会第三届理事会第五次会议在河北雄安新区召开。会上，金川 集团、江铜集团、铜陵有色、中国铜业、大冶有色、五矿有色、紫金矿业等理事单位代表围绕企业运行 情况、铜精矿加工费、铜业分会下一步工作、企业存在的困难和相关建议进行研讨交流。中国有色金属 工业协会铜业分会表示坚决反对铜冶炼行业"内卷式"竞争。 光大证券今年7月发布研报称，若在铜行业推行"反内卷"相关政策，或对新增铜冶炼产能做出限制、加 速中小冶炼产能退出，而铜下游消费仍会受益于新能源、电网改造等持续增长，冶炼产能过剩未来有望 缓解，冶炼企业后续盈利有望迎来改善。该行指出，若铜行业相关稳增长方案对冶炼产能做出限制，冶 炼资产价值有望重估，关注铜矿自给率较低而冶炼产能大的公司。 ...

Group 1 - The Hong Kong stock market saw mixed performance with the Hang Seng Technology Index slightly down by 0.13%, while the National Enterprises Index rose marginally by 0.01% [2] - The Hang Seng Technology Index experienced a peak increase of 2% during the trading session before closing with a minor decline [2] Group 2 - Major technology stocks generally maintained an upward trend, with Xiaomi rising by 4.48%, JD.com by 3.46%, and Baidu by 2.33% [4] - Automotive stocks collectively increased, with Chery Automobile seeing a significant rise of nearly 14% on its first trading day, while other companies like Li Auto, NIO, and BYD also posted gains [4] - Copper prices surged due to supply tightness following an accident at the world's second-largest copper mine, leading to strong performances in the copper sector, with China Daye Non-Ferrous Metals soaring by 25% [4]

Core Insights - The Hong Kong stock market saw a significant rise in non-ferrous metal stocks, with notable increases in companies such as China Daye Nonferrous Metals, which rose over 12%, and Luoyang Molybdenum, which reached a historical high with an increase of over 11% [1][2]. Company Performance - **China Daye Nonferrous Metals**: Increased by 12.50%, latest price at 0.063, market cap at 1.127 billion, year-to-date increase of 31.25% [2]. - **Luoyang Molybdenum**: Increased by 11.01%, latest price at 13.910, market cap at 297.595 billion, year-to-date increase of 179.76% [2]. - **Jiangxi Copper**: Increased by 7.98%, latest price at 26.780, market cap at 92.732 billion, year-to-date increase of 128.95% [2]. - **Jinli Permanent Magnet**: Increased by 5.71%, latest price at 22.200, market cap at 30.38 billion, year-to-date increase of 189.09% [2]. - **Zijin Mining**: Increased by 4.59%, latest price at 31.000, market cap at 823.905 billion, year-to-date increase of 128.01% [2]. - **Ganfeng Lithium**: Increased by 3.35%, latest price at 38.860, market cap at 79.94377 billion, year-to-date increase of 94.93% [2]. Market Dynamics - Freeport McMoRan announced a force majeure on its Grasberg mine contract in Indonesia, which has raised concerns about copper supply, pushing LME copper futures to a new high in over a year [2]. - The Grasberg mine accounts for 3.2% of global copper supply and over 70% of Freeport's total copper production, with expected supply disruptions potentially affecting over 6% of global copper output [2].

格隆汇9月25日｜港股市场有色金属概念股全线上涨，其中，中国大冶有色金属涨超12%，洛阳钼业涨 超11%创历史新高，江西铜业股份涨近8%，金力永磁涨超5%，紫金矿业涨超4%，赣锋锂业涨超3%。 | 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | | 00661 | 中国大冶有色金属 | 12.50% | 0.063 | 11.27亿 | 31.25% | | 03993 | 洛阳铝业 | 11.01% | 13.910 | 2975.95 Z | 179.76% | | 00358 | 江西铜业股份 | 7.98% | 26.780 | 927.32 Z | 128.95% | | 06680 | 金力永磁 | 5.71% | 22.200 | 303.8亿 | 189.09% | | 02899 | 紫金矿业 | 4.59% | 31.000 | 8239.05亿 | 128.01% | | 01772 | 赣锋锂V | 3.35% | 38.860 | 799.4377 | 94.93% | | 09 ...

Group 1 - The Hong Kong stock market saw a significant rise in the non-ferrous metal sector, with China Daye Nonferrous Metals up over 12%, Luoyang Molybdenum up over 11% reaching a historical high, Jiangxi Copper up nearly 8%, Jinchuan Group up over 5%, Zijin Mining up over 4%, and Ganfeng Lithium up over 3% [1] - Freeport McMoran announced a force majeure on its Grasberg mine in Indonesia, which has reignited market concerns over supply, pushing LME copper futures to a one-year high [1] - The Grasberg mine accounts for 3.2% of global copper supply and over 70% of Freeport's total copper production, with unexpected supply disruptions expected to impact over 6% of global copper output [1] Group 2 - The stock performance of key companies in the non-ferrous metal sector includes: - China Daye Nonferrous Metals: up 12.50%, latest price at 0.063, market cap at 1.127 billion, year-to-date increase of 31.25% [2] - Luoyang Molybdenum: up 11.01%, latest price at 13.910, market cap at 29.7595 billion, year-to-date increase of 179.76% [2] - Jiangxi Copper: up 7.98%, latest price at 26.780, market cap at 9.2732 billion, year-to-date increase of 128.95% [2] - Jinchuan Group: up 5.71%, latest price at 22.200, market cap at 303.8 million, year-to-date increase of 189.09% [2] - Zijin Mining: up 4.59%, latest price at 31.000, market cap at 82.3905 billion, year-to-date increase of 128.01% [2] - Ganfeng Lithium: up 3.35%, latest price at 38.860, market cap at 799.43 million, year-to-date increase of 94.93% [2]