China's CMOC leads rally in HK-listed materials stocks as copper soars

MMG

25/09/2025 03:26

** Shares of Chinese mining and processing company CMOC Group 3993.HK jump 14% to HK$14.28, their highest since April 2007 debut, leading a rally in Hong Kong-listed raw material stocks

** Zijin Mining 2899.HK, Jiangxi Copper 0358.HK, MMG 1208.HK and China Nonferrous Mining 1258.HK rise between 4.6% and 9.3%

** Hong Kong's material index .HSCIM surges 4.2% to 14,084.97, its highest level since May 2008

** Copper hit its highest level in more than 15 months on Wednesday after Freeport-McMoran Inc FCX.N declared force majeure at its Grasberg mining complex in Indonesia and slashed production guidance for 2026

** A deadly landslide at the Grasberg Block Cave underground mine on September 8 prompted Freeport to suspend operations in the area

** Copper's rally pushed other base metals higher

** CGN Mining 1164.HK, Aluminum Corporation of China 2600.HK, Ganfeng Lithium 1772.HK and Tiangong International 0826.HK climb 1.7% to 4%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))