智通财经网·2025-10-08 06:27Group 1 - Jiangxi Copper Co., Ltd. (00358) has seen its stock price increase by over 200% year-to-date, with a recent rise of 6.75% to HKD 35.44 and a trading volume of HKD 738 million [1] - The suspension of operations at the Grasberg copper mine is expected to lead to a widening copper supply gap between Q4 2025 and 2026 [1] - The China Nonferrous Metals Industry Association's Copper Branch has expressed strong opposition to "involution" competition within the copper smelting industry [1] Group 2 - Everbright Securities predicts that implementing "anti-involution" policies in the copper industry may restrict new copper smelting capacity and accelerate the exit of small and medium-sized smelting capacities [1] - Continued growth in downstream copper consumption is anticipated due to the demand from new energy and grid transformation, which may alleviate the current overcapacity in smelting and improve future profitability for smelting enterprises [1] - Jiangxi Copper is a leading copper smelting company in China, with an annual production capacity of 2.1 million tons of cathode copper, and its copper business accounts for over 70% of its revenue [1]