On September 10, CHINFMINING fell 3.11% in regular trading, trading at HK$17.16/share, with turnover of approximately HK$92.81 million.

On the news front, despite LME copper recently breaking above $14,800/ton to set fresh all-time highs, an overnight pullback in global risk assets weighed on market sentiment, putting broad pressure on the copper sector. Within the sector, JINXUN RESOURCE fell 6.34%, CDAYENONFER fell 5.20%, and JIANGXI COPPER fell 1.63%. CHINFMINING had rallied in the prior two sessions, gaining 3.22% on September 8 and 3.49% on September 9, accumulating significant short-term gains that may have contributed to profit-taking.

Fundamentally, the company completed a $300 million zero-coupon convertible bond issuance on September 2 to fund the Zambia Luanshya No. 28 shaft sulfide ore project, with institutions estimating medium-to-long-term copper production capacity could increase by 193,000 tonnes. First-half shareholder profit rose 64.68% year-over-year to $434 million, with gross margin improving to 42.4%.

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