Core Viewpoint - China Dajie Nonferrous Metals (00661) has seen a nearly 20% increase in stock price, attributed to market reactions to global smelting industry challenges and domestic policy changes [1] Industry Summary - Glencore plans to close its copper smelting plant in Canada due to high environmental renovation costs and stringent regulations, reflecting ongoing profit declines in the global smelting industry [1] - The smelting industry is facing pressure as copper concentrate supply tightens, leading to negative processing fees in the spot market since last year, meaning smelters are incurring costs rather than receiving payments for processing [1] - Domestic smelting sector is experiencing positive developments against internal competition, with recent agreements from CSPT to implement user BM systems and prevent malicious competition [1] - The China Nonferrous Metals Industry Association has suggested establishing production capacity ceilings for major metals like copper, lead, and zinc, drawing from experiences in the electrolytic aluminum sector [1] - According to Dongfang Securities, the expected implementation of "anti-involution" measures may slow the growth of midstream smelting capacity, indicating potential upward improvement in processing fees in the medium term [1]
港股异动 | 中国大冶有色金属(00661)再涨近20% 嘉能可拟关闭加拿大最大铜冶炼厂 国内冶炼端反内卷利好频出