Hua Xia Shi Bao·2025-09-27 11:21Group 1: Copper Price Surge - The global copper price has significantly increased due to the suspension of production at Indonesia's Grasberg copper mine, with LME copper closing at $10,320 per ton on September 24, marking a 3.46% rise [4][5] - On September 25, the average price of 1 electrolytic copper in the Yangtze market reached 82,500 yuan per ton, up 3.06% from the previous day, an increase of 2,450 yuan [4][5] - The Grasberg mine, one of the largest copper mines globally, has a copper reserve of 13.99 million tons and has lowered its third-quarter sales guidance for copper and gold by 4% and 6%, respectively [5][6] Group 2: Market Reactions and Predictions - Analysts suggest that the impact of the Grasberg incident is primarily psychological for the market, with minimal direct effects on domestic copper concentrate supply [3][6] - The incident is expected to lead to a slight reduction in global metal supply, with estimates of a decrease of about 5,000 tons in 2025 and 22,000 tons in 2026, which is a small fraction of the expected consumption [6][7] - Despite the recent surge, some market participants believe that copper prices may correct downward as demand weakens after the initial excitement fades [7] Group 3: Company Performance and Outlook - Domestic copper companies, such as Luoyang Molybdenum and Zijin Mining, have shown strong stock performance, with Luoyang Molybdenum's stock price rising by 9.90% to 13.87 yuan [7][8] - Luoyang Molybdenum is projected to produce 650,200 tons of copper in 2024, a 55% increase year-on-year, positioning it among the top copper producers globally [8][9] - The company anticipates a stable market as U.S. import tariffs on copper products take effect, which may alleviate supply tensions outside the U.S. [9]