2 1 Shi Ji Jing Ji Bao Dao·2025-09-25 11:09Group 1: Market Performance - The non-ferrous metal sector experienced a significant rise on September 25, with stocks like Jingyi Co., Ltd. (002295) hitting the daily limit, and other copper-related stocks such as Northern Copper Industry (000737) and Luoyang Molybdenum (603993) showing strong gains [1][4] - As of September 24, the Shenwan first-level non-ferrous metal sector had accumulated a remarkable increase of 53.46% year-to-date, with 103 stocks rising over 20%, 59 stocks over 50%, and 10 stocks doubling in value [5] Group 2: Copper Price Dynamics - The copper price surged following a significant incident at Freeport McMoRan's Grasberg mine in Indonesia, which is expected to reduce copper and gold production by 35% in 2026 due to a large-scale wet material outflow [8][10] - On September 24, LME copper reached a peak of $10,364 per ton, the highest level since June 2024, while domestic copper prices approached 83,000 yuan per ton, marking a 15-month high [10] - Analysts predict a long-term positive demand for copper driven by the expansion of new industries, including electric vehicles and robotics, with significant copper consumption in the automotive sector [10][11] Group 3: Company Highlights - Zijin Mining (601899) reached a market capitalization of 732.1 billion yuan, surpassing the $100 billion mark for the first time, ranking third among global mining giants [2] - Other notable performers in the copper sector included Jiangxi Copper (30.26 yuan, +6.10%), Western Mining (20.46 yuan, +6.07%), and China Molybdenum (13.87 yuan, +9.90%) [2]