Group 1 - The core viewpoint of the article highlights a strong performance in Hong Kong's copper-related stocks, driven by a surge in copper prices at the London Metal Exchange, which reached a historical high [1] - Analysts from ANZ and Ucden Financial noted that the narrative around tightening copper supply is becoming more prevalent, although they indicated that a decisive catalyst for a significant price increase is still lacking [1] - The report suggests that copper prices are highly sensitive to incremental bullish signals, such as improvements in downstream demand and moderate supply disruptions from small to medium-sized mines or smelters [1] Group 2 - Specific stock performances include Jiangxi Copper Co., which rose by 8.02% to a price of 33.140, with a total market capitalization of 114.755 billion and a year-to-date increase of 194.36% [2] - China Gold International saw a 6.86% increase, reaching a price of 158.800, with a market cap of 62.951 billion and a year-to-date rise of 293.27% [2] - China Nonferrous Mining gained 6.22%, priced at 15.880, with a market value of 61.964 billion and a year-to-date increase of 223.86% [2] - Minmetals Resources increased by 5.64% to 7.300, with a market capitalization of 88.626 billion and a year-to-date rise of 185.16% [2] - China Daye Nonferrous Metals rose by 5.38%, priced at 0.098, with a market cap of 1.754 billion and a year-to-date increase of 104.17% [2]

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。 承董事會命 中國大冶有色金屬礦業有限公司 主席 肖述欣 香港，二零二五年十一月二十六日 於本公告日期，董事會包括三名執行董事：肖述欣先生、張金鐘先生及張愛軍女 士；以及三名獨立非執行董事：劉芳女士、王岐虹先生及孔華先生。 （股份代號：661） 延遲寄發有關主要交易及持續關連交易的通函 茲提述本公司日期為二零二五年十一月六日的公告（「該公告」），內容有關（其中 包括）非豁免持續關連交易。除另有界定外，本公告所用詞彙與該公告所界定者 具相同涵義。 誠如該公告所披露，本公司預期將於二零二五年十一月二十七日或之前，向股東 寄發一份通函（「通函」），當中載有（其中包括）(i)有關非豁免持續關連交易及建議 年度上限之進一步詳情；(ii)獨立財務顧問意見函；(iii)獨立董事委員會推薦建議 函件；(iv)股東特別大會通告；及(v)上市規則規定之其他資料。 由於本公司需要額外時間編製及落實通函所載若干資料，預期寄發通函 ...

Group 1 - The core viewpoint of the articles indicates a collective rise in Hong Kong's non-ferrous metal stocks, driven by expectations of a Federal Reserve interest rate cut in December [1][2] - The probability of a 25 basis point rate cut by the Federal Reserve in December has increased to 82.9%, up from 69.4% the previous day, while the probability of maintaining the current rate is at 17.1% [1] - Analysts suggest that the rising probability of a rate cut will positively impact the non-ferrous metal sector in the short to medium term through three main channels: a weaker dollar, lower financing costs, and improved demand expectations [1] Group 2 - Specific non-ferrous metal stocks that saw significant gains include Lingbao Gold (+3.51%), China Daye Nonferrous Metals (+3.41%), and Zhaojin Mining (+2.85%) [2] - Other notable performers include Zijin Mining (+2.63%), China Hongqiao (+2.36%), and Luoyang Molybdenum (+2.20%), with several other companies also experiencing increases [2] - Spot gold prices rose by 0.2% to $4,141.70 per ounce, supported by expectations of a Federal Reserve rate cut and comments from Fed officials advocating for a more accommodative monetary policy [1]

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]

Core Viewpoint - China Dajie Nonferrous Metals (00661) saw a significant stock price increase, 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 setting 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 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 domestic and international smelting capacity and tight supply of copper concentrate [1] - The company faced continued low smelting processing fees and a reduction in product output, impacting overall financial performance [1]

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]