Group 1 - Copper stocks are rising against the trend, with notable increases in shares of China Gold International (up 6.76%), Jiangxi Copper (up 5.23%), Zijin Mining (up 2.68%), China Nonferrous Mining (up 1.65%), and Minmetals Resources (up 0.7%) [1] - The mudslide incident at Indonesia's Grasberg mine has led to tighter copper supply, with mining operations suspended since September 8, potentially causing significant production delays in Q4 2025 and 2026, with a projected 35% reduction in 2026 output compared to pre-incident estimates [1] - The China Nonferrous Metals Industry Association is addressing the issue of "involution" in copper smelting and has submitted materials to relevant national departments, proposing specific recommendations to strictly control the expansion of copper smelting capacity [1] Group 2 - The Ministry of Industry and Information Technology, along with eight other departments, has issued a "Work Plan for Stable Growth in the Nonferrous Metals Industry (2025-2026)", providing direction for the future development of the nonferrous metals industry [2] - Analysts believe that the copper market is expected to maintain its leading growth trend in the fourth quarter due to tightening supply expectations, influenced by the Fed's interest rate cuts and favorable domestic policy expectations [2]
铜业股逆势走高 铜市因供给端紧张预期持续强化 长期价格重心有望上移
Zhi Tong Cai Jing·2025-10-09 02:12