On September 9, CHINFMINING rose 3.49% in regular trading, trading at 17.79 HKD/share, with turnover of approximately 258 million HKD. The rally was driven by LME copper prices reaching a fresh all-time high, reinforcing bullish sentiment across the copper mining sector.

On the supply side, data from the International Copper Study Group showed global copper mine output fell 1.1% in the first half, with Morgan Stanley forecasting the first annual decline in global copper mine production since 2017, supporting a structurally tighter supply-demand balance and higher copper price levels. Meanwhile, the company completed its 3 billion USD zero-coupon convertible bond issuance on September 2, with net proceeds of approximately 300.5 million USD earmarked for the Luanshya Shaft No. 28 sulfide ore project in Zambia. Institutional estimates suggest this could add 193,000 tonnes to the company's medium-to-long-term copper production capacity.

Fundamentally, CHINFMINING reported H1 attributable profit of 434 million USD, up 64.68% year-over-year, with gross margin expanding to 42.4% and revenue rising 29% to 2.261 billion USD, further reinforcing investor confidence.

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