Zhi Tong Cai Jing·2025-12-31 02:50Group 1 - Jiangxi Copper Company (00358) saw its stock price rise over 9% in early trading, reaching a new high of 44.62 HKD, and is currently trading at 43.78 HKD with a transaction volume of 553 million HKD [1] - Jiangxi Copper announced that its wholly-owned subsidiary, Jiangxi Copper Hong Kong Investment, will acquire all issued and to-be-issued ordinary shares of SolGold plc for a maximum total consideration of up to 764 million GBP, pending shareholder approval and other conditions [1] Group 2 - The National Development and Reform Commission emphasized the need to strengthen the management and optimization of the alumina and copper smelting industries, encouraging mergers and reorganizations among major enterprises in these sectors [2] - Morgan Stanley noted that lower annual copper concentrate processing and refining fees, along with long-term contract concentrate volumes, may lead to a reduction in refined copper production by 2026, which, combined with stable demand, is expected to support copper prices at high levels, benefiting companies like Jiangxi Copper [2]