Core Viewpoint - Jiangxi Copper announced that its stock price has deviated significantly, with a cumulative increase of 20% over three consecutive trading days, indicating abnormal trading activity [1] Company Summary - The company confirmed that its production and operational activities are normal [1] - Recent market prices for the company's main products, including cathode copper and gold, have seen significant increases [1]

(本文来自第一财经) 江西铜业发布异动公告称，公司股票价格连续三个交易日内日收盘价格涨幅偏离值累计达到20%，属于 股票交易异常波动情形。经公司自查，公司目前生产经营活动一切正常。近期，公司主产品中阴极铜、 黄金的市场价格累计涨幅较大。经公司自查并向公司控股股东核实：截至本公告披露日，公司、公司控 股股东不存在应披露而未披露的重大信息。公司目前尚未发现可能或已经对公司股票交易价格产生影响 的媒体报道或市场传闻和涉及热点概念的事项。 ...

证券代码：600362 证券简称：江西铜业 公告编号：临 2025-034 债券代码：243700 债券简称：25 江铜 K1 江西铜业股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的 虚假记载、误导性陈述或者重大遗漏负连带责任。 重要内容提示： 股票交易异常波动的情形：江西铜业股份有限公司（以下简称 公司）股票价格于 2025 年 9 月 29 日、9 月 30 日、10 月 9 日连续三 个交易日内日收盘价格涨幅偏离值累计达到 20%。根据上海证券交易 所的相关规定，属于股票交易异常波动情形。 公司核查发现的事项：经公司董事会自查及发函问询控股股东， 截至本公告披露日，不存在应披露而未披露的重大信息。 一、股票交易异常波动的具体情况 公司股票价格于 2025 年 9 月 29 日、9 月 30 日、10 月 9 日连续 三个交易日内日收盘价格涨幅偏离值累计达到 20%。根据《上海证券 交易所交易规则》的相关规定，属于股票交易异常波动情形。 （二）重大事项情况 经公司自查并向公司控股股东核实：截至本公告披露日，公司、 公司控股股东不存在应披露而未披露的重大信 ...

关于《股票交易异常波动问询函》的回复 特此函复。 江西铜业股份有限公司董事会： 江 pt 20 江西铜业集团有限公司 2025 年９月 29 日、9 月 30 日、10 月 9 日，江西铜业股份 有限公司股票交易价格连续三个交易日内日收盘价格涨幅偏离 值累计超过 20%,根据《上海证券交易所交易规则》的有关规定, 属于股票交易异常波动情形。 上述情况本公司经自查确认不存在涉及公司的应披露而未 披露的重大信息,包括但不限于并购重组、股份发行、债务重组、 业务重组、资产剥离和资产注入等重大事项。 ...

证券代码：600362 证券简称：江西铜业 公告编号：2025-035 江西铜业股份有限公司 关于召开2025年第一次临时股东大会、 2025 年第一次 A 股类别股东大会、 2025 年第一次 H 股类别股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一)股东大会类型和届次 2025年第一次临时股东大会、2025 年第一次 A 股类别股东大会、2025 年第一 次 H 股类别股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 10 月 28 日 至2025 年 10 月 28 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通 过互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 ...

格隆汇10月9日｜江西铜业公告，股票价格于2025年9月29日、9月30日、10月9日连续三个交易日内日收 盘价格涨幅偏离值累计达到20%，属于股票交易异常波动情形。公司核查发现的事项：经公司董事会自 查及发函问询控股股东，截至本公告披露日，不存在应披露而未披露的重大信息。经公司自查，公司目 前生产经营活动一切正常。近期，公司主产品中阴极铜、黄金的市场价格累计涨幅较大。公司目前尚未 发现可能或已经对公司股票交易价格产生影响的媒体报道或市场传闻和涉及热点概念的事项。 ...

Core Viewpoint - The copper metal sector has seen a significant increase of 5.28% as of the market close on October 9, ranking sixth among concept sectors, with 77 stocks rising, including Zhejiang Fu Holdings, Hebang Bio, and Tongling Nonferrous Metals reaching their daily limit [1] Group 1: Sector Performance - The copper metal sector experienced a rise of 5.28%, with notable stocks such as Zhejiang Fu Holdings increasing by 10.12%, Hebang Bio by 10.10%, and Tongling Nonferrous Metals by 10.07% [1][3] - The leading gainers in the sector included Yuguang Gold Lead, Jintian Co., and Xiyang Co., with increases of 9.87%, 8.80%, and 8.60% respectively [1] - Conversely, the sector also saw declines in stocks like Changjiang Investment, Dezhong Automobile, and Jianfa Co., with decreases of 3.20%, 3.18%, and 0.78% respectively [1] Group 2: Capital Flow - The copper metal sector faced a net outflow of 120 million yuan in principal funds, with 49 stocks receiving net inflows, and 13 stocks seeing inflows exceeding 100 million yuan [2] - China Railway led the net inflow with 428 million yuan, followed by Western Mining, China Metallurgical Group, and Xingye Silver Lead with inflows of 245 million yuan, 223 million yuan, and 221 million yuan respectively [2] - The top stocks by net inflow ratio included Jinling Mining at 49.56%, Zhejiang Fu Holdings at 38.25%, and Baiyin Nonferrous Metals at 19.18% [3] Group 3: Stock Performance - Key stocks in the copper sector included China Railway with a rise of 5.44%, Western Mining at 10.00%, and China Metallurgical Group at 7.53% [3][4] - Other notable performers included Hebang Bio and Zhejiang Fu Holdings, both achieving a 10.10% and 10.12% increase respectively [3][4] - The trading volume and turnover rates for these stocks indicated strong investor interest, with significant capital flow observed [3][4]

Core Insights - The industrial metals sector experienced a significant increase of 7.88% on October 9, with Tongling Nonferrous Metals leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Industrial Metals Sector Performance - Tongling Nonferrous Metals (code: 000630) closed at 5.90, with a rise of 10.07% and a trading volume of 4.912 million shares, amounting to a transaction value of 2.868 billion [1] - Other notable performers included: - Jinyi Co., Ltd. (code: 002295) at 16.23, up 10.03% [1] - Northern Copper Industry (code: 000737) at 17.56, up 10.03% [1] - Yunnan Copper (code: 000878) at 19.23, up 10.01% [1] - Jiangxi Copper (code: 600362) at 39.04, up 10.00% [1] Capital Flow Analysis - The industrial metals sector saw a net inflow of 644 million yuan from institutional investors, while retail investors contributed a net inflow of 204 million yuan [5] - Notable net inflows from major stocks included: - China Aluminum (code: 601600) with a net inflow of 283 million yuan [5] - Western Mining (code: 601168) with a net inflow of 194 million yuan [5] - Yunnan Copper (code: 000878) with a net inflow of 184 million yuan [5]

Group 1 - COMEX gold futures prices experienced a slight pullback before rising again, currently trading around $4056, with gold-related ETFs showing strong performance, including a nearly 9% increase in the gold stock ETF (159562) [1] - As of the end of September, China's gold reserves reached 74.06 million ounces, an increase of 40,000 ounces month-on-month, marking the 11th consecutive month of gold accumulation [1] - UBS forecasts a bullish trend in the gold market, predicting gold prices will rise to $4200 per ounce by mid-2026, driven by a weaker dollar, significant central bank purchases, and increased ETF investments [1] Group 2 - CITIC Securities highlights concerns regarding the valuation methods and space for domestic gold mining stocks, suggesting that the upward momentum in gold prices combined with increased production from gold mining companies could drive further PE ratio recovery [2] - The report indicates that domestic gold mining stocks are significantly undervalued in terms of cash flow and resources, and the promotion of two valuation methods domestically may facilitate a revaluation [2] - Both qualitative and quantitative analyses support a positive outlook on the allocation value of domestic gold stocks [2]

Core Viewpoint - The A-share market experienced significant gains in precious metals and base metals sectors following the "Double Festival" holiday, with several stocks reaching their daily limit up [1][2]. Group 1: Market Performance - On the first trading day after the holiday, stocks in the precious metals and base metals sectors surged, with companies like Sichuan Gold, Jiangxi Copper, and Baiyin Nonferrous hitting the daily limit up [1]. - By midday, stocks such as Tongling Nonferrous, Yunnan Copper, and Western Mining also reached the daily limit up, while others like Xinyi Silver Tin and Luoyang Molybdenum rose over 9% [1]. - In the Hong Kong market, companies like China Gold International and Jiangxi Copper continued their upward trend, with Jiangxi Copper rising over 9% [2]. Group 2: Metal Price Movements - During the "Double Festival" period, prices of gold, silver, copper, and aluminum saw significant increases, with COMEX gold rising by 4.81% and LME copper by 4.21% [5]. - Analysts attribute the rise in base metal prices to ongoing supply disruptions and the impact of the Federal Reserve's interest rate cuts, which have led to increased investor concerns regarding the dollar's credibility [6]. Group 3: Future Outlook - Analysts expect continued support for silver, copper, and aluminum prices, with copper facing supply disruptions and low inventory levels providing strong price support [7]. - The dual nature of silver's demand, both as a precious metal and an industrial commodity, is expected to sustain its price momentum, particularly in light of ongoing policy stimuli [7].