China Nonferrous Mining half-year revenue jumps on higher copper sales volumes

China Nonferrous Mining

21/08/2026 15:32

Overview
China copper miner's half-year revenue grew 29% yr/yr
Net income attributable to owners rose 65% yr/yr
Company attributes growth to higher sales volumes and improved copper prices

Outlook
Kambove Mining plans $186.3699 mln MSESA Mine investment, with construction in 2027 and commissioning by end-2028
Luanshya targets new mine production from June 2027 after waste-rock system commissioning planned for August 2026
SML targets completion of its new tailings dam by end-2026

Result Drivers
HIGHER SALES VOLUMES - Co said increased copper sales volumes contributed to revenue and profit growth
IMPROVED COPPER PRICES - Co said stronger copper prices helped drive higher revenue and profit

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$2.26 bln
 
H1 Net Income Attributable
 
$433.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for China Nonferrous Mining Corp Ltd is HK$18.60, about 21.3% above its August 21 closing price of HK$15.33
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 19 - Poland's KGHM beats quarterly profit expectations amid copper rally
Aug 21 - Copper market in 60,000 metric tons deficit in Jun 2026 - ICSG
Aug 19 - Lundin Mining lowers 2026 copper outlook after second Chile storm

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)