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CSI Commodity Equity Index: In October, the commodity price index rose to 113.4, a 3% increase from the previous month.
China Logistics and Purchasing Federation released the csi commodity equity index for October at 113.4, with a monthly increase of 3%, indicating improvements in market supply and demand and accelerated corporate production activities. Specifically, the price index rose mainly due to general increases in the price indices of black metals, nonferrous metals, minerals, chemicals, and energy and other major industries, indicating that current market demand is gradually recovering and economic vitality is being enhanced.
Copper Expected to Get Election Day Boost -- Market Talk
Hong Kong stocks are moving differently | Copper stocks rebounded in early trading, limited downside space for bulk metal prices, strong macro sentiment providing solid support for copper prices.
Copper stocks rebounded in the morning, as of the press time, mmg (01208) rose by 7.69%, to HK$2.94; chinfmining (01258) rose by 5.23%, to HK$5.83; jiangxi copper (00358) rose by 4.89%, to HK$13.74; zijin mining group (02899) rose by 2.65%, to HK$17.02.
Express News | Copper: Pulling back in continuation, trading time for space.
[Brokerage Focus] Guosen maintains the 'outperform the market' rating of Chinfmining (01258), indicating its potential to fully benefit from the profit elasticity brought by the rise in copper prices.
Jingu Financial News | Guosen Securities issued research reports, stating that Chinfmining (01258) produced approximately 0.0959 million tons of cathode copper (including copper product processing services) in the first three quarters, a decrease of about 13% year-on-year. The company is estimated to achieve a net income attributable to the mother of approximately 0.314 billion US dollars in the first three quarters, a year-on-year increase of about 23%. In quarters 1/2/3 of 2024, it achieved a net income attributable to the mother of approximately 0.084/0.135/0.095 billion US dollars respectively. The bank mentioned that the company produced approximately 0.0877 million tons of crude copper and anode copper from its own mines in 2023, and approximately 0.0817 million tons of cathode copper from its own mines, totaling approximately 16.93.
China Nonferrous Mining Expects 23% Jump in Nine-Month Profit
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