Core Viewpoint - Copper industry stocks continue to rise, driven by supply-demand dynamics and strategic decisions by key industry players [1] Group 1: Stock Performance - Minmetals Resources (01208) increased by 3.78%, reaching HKD 8.24 - China Daye Non-Ferrous Metals (00661) rose by 2.97%, reaching HKD 0.104 - Jiangxi Copper (00358) saw a 1.98% increase, reaching HKD 33.94 - China Nonferrous Mining (01258) grew by 0.97%, reaching HKD 16.68 [1] Group 2: Industry Developments - The China Copper Raw Materials Joint Negotiation Group (CSPT) has agreed to reduce copper concentrate production capacity by over 10% in 2026 to improve the supply-demand fundamentals [1] - CSPT aims to maintain the Benchmark system and strengthen direct cooperation with mines while resisting unreasonable pricing models from traders [1] Group 3: Market Outlook - According to a report from Galaxy Securities, the tight supply of copper ore and potential production cuts from smelting companies may lead to a more acute shortage of refined copper in 2026 [1] - If production cuts occur at the smelting level, it could further tighten refined copper supply and stimulate price increases [1]
港股异动 铜业股延续近期涨势 CSPT商议联合减产 机构称矿冶博弈刺激铜价上涨