智通财经网·2025-09-26 01:53Core Viewpoint - Jiangxi Copper Co., Ltd. (00358) has seen its stock price rise over 4%, reaching a new high of 28.18 HKD, driven by industry developments and company fundamentals [1] Industry Summary - The third council meeting of the Copper Industry Branch of the China Nonferrous Metals Industry Association highlighted the negative impact of "involution" competition in the copper smelting industry, which undermines national and industry interests and deviates from high-quality development goals [1] - The global second-largest copper mine, Grasberg in Indonesia, has declared "force majeure" and ceased production due to a landslide incident [1] Company Summary - Jiangxi Copper possesses abundant copper resources and clear cost advantages, with stable annual production of copper and by-product gold, providing a solid profit foundation for the company [1] - Future overseas resource expansion may yield potential growth, with the company's stake in the First Quantum Panama copper mine expected to resume production, the Afghan Aynak copper mine development anticipated to progress, and the Kazakhstan Bakuta tungsten mine's output steadily increasing [1]