证券时报·2025-08-15 09:20Core Viewpoint - The article highlights the significant performance growth of several metal companies in Hong Kong, driven by rising prices and production of metals such as copper and gold [1][2]. Group 1: Company Performance - China Gold International reported a revenue of $580 million for the first half of the year, a year-on-year increase of 178%, and a net profit of $202 million, marking a turnaround from losses [3]. - Minmetals Resources announced a net profit of $566 million for the six months ending June 30, 2025, representing over 600% growth compared to $79.5 million in the same period of 2024 [4]. - Zijin Mining is expected to achieve a net profit of approximately 23.2 billion yuan for the first half of 2025, an increase of about 8.1 billion yuan or 54% compared to 15.1 billion yuan in the same period last year [4]. Group 2: Metal Price Trends - The performance growth of companies like Zijin Mining, Minmetals Resources, and China Gold International is attributed to the rising prices of metals such as copper, gold, and silver [6]. - In the first half of the year, LME copper prices increased by 12.66%, while COMEX gold and silver prices rose by over 25% [6]. - The demand for copper is expected to surge due to its applications in electric vehicles and data centers, with a projected increase in demand from 500,000 tons to nearly 3 million tons annually by 2050 [6]. Group 3: Market Outlook - The global copper supply is facing a significant shortfall, with an estimated gap of 10 million tons over the next decade [6]. - The shift in the Federal Reserve's monetary policy is anticipated to lower the dollar index and U.S. Treasury yields, which could enhance copper's financial attributes [6]. - Gold prices are expected to rise due to geopolitical tensions and increasing central bank reserves, with market expectations of potential interest rate cuts in 2025 [7].