On September 8, CHINFMINING rose 3.22% in regular trading, trading at HK$16.92/share, with turnover of HK$32.38 million. The stock moved higher alongside a broad-based rally in the copper sector.

On the industry front, copper supply remains under pressure. Copper ore processing fees have dropped to -$182.14/ton, squeezing smelter margins, while domestic electrolytic copper inventories hit fresh lows earlier this quarter. Optimistic estimates project only 80,000-100,000 tons of incremental copper ore supply in the second half, with downside scenarios pointing to negative growth. Within the Copper sector, JIANGXI COPPER rose 5.74%, CDAYENONFER rose 5.88%, and JINXUN RESOURCE gained 2.72%.

On the company front, CHINFMINING recently completed a $300 million zero-coupon convertible bond issuance due 2031, with net proceeds of approximately $300.5 million earmarked for the shaft No. 28 sulfide ore project in Zambia. The company also reported strong H1 results, with revenue rising 29.1% year-over-year to $2.26 billion and attributable profit surging 64.7% to $433.6 million. Brokerages estimate the company's medium-to-long-term copper production capacity could increase by 193,000 tons.

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