SG#ZIJINRP2812H.P (56382) News

JPMorgan: Maintains positive view on copper mining stocks, continues to list Zijin Mining as top pick

JPMorgan issued a research report stating that the Democratic Republic of Congo (DRC) has imposed an export ban on copper and cobalt concentrates. Although MMG Limited (01208), Zijin Mining (02899), and CMOC Group (03993) have assets in the DRC accounting for approximately 14%, 25%, and 100%, respectively, of their projected 2026 copper production, the bank believes the actual impact of this policy will be limited. This is because the current ban targets copper concentrate exports, and the major assets of these companies in the DRC all include integrated smelting capacity, producing primarily anode copper, blister copper, and cathode copper rather than concentrates. The bank maintains a positive outlook on copper mining stocks and continues to favor Zijin Mining as its top pick.

Sina Hong Kong StocksAug 9 09:38

Rising oil prices fuel inflation, while weakening employment data dampens rate hike expectations—gold benefits from both sides.

Geopolitical tensions caused oil price volatility, fueling inflation expectations and boosting gold’s appeal as a safe-haven and store-of-value asset. Meanwhile, the unexpectedly weak U.S. nonfarm payrolls report for July dealt a sharp blow to interest rate hike expectations, driving both Treasury yields and the U.S. dollar lower. The combined effect of these two forces propelled gold to its best weekly performance in seven months. Additionally, ETF buying interest has concurrently rebounded—with global gold ETF holdings increasing by approximately 24 tonnes since July 20.

wallstreetcnAug 8 17:15

Gold surges $300 in three days! A short squeeze unfolds, and the rally may be far from over—UBS Group calls for $5,000 an ounce by next year.

Previously, many CTA trend-following funds maintained short positions in gold. Now, as gold prices have broken through key levels, CTAs are cutting losses and turning net long. Meanwhile, a significant amount of speculative gold capital missed the current rally and may be forced to chase higher prices in the near term, potentially fueling a second wave of gains. UBS Group notes that declining U.S. Treasury yields, a medium-term weakening of the U.S. dollar, and sustained central bank gold purchases will drive gold prices to USD 5,000 by the first half of 2027.

wallstreetcnAug 7 22:50

Express News | US Jul. Non-Farm Payrolls -23000 Vs +80000 Forecast, Prior +20000; US Jul. Unemployment Rate 4.1% Vs 4.2% Forecast, Prior 4.2%

BreakingsAug 7 20:30

Is the gold bull market back? UBS Group: Gold prices could rebound to $5,000 in the first half of next year.

UBS Group believes that gold has three key medium- to long-term supports: renewed investment demand driven by declining real interest rates, a weaker U.S. dollar encouraging portfolio diversification, and sustained high-level gold purchases by central banks. It recommends viewing any pullback in gold prices to USD 4,000 as a strategic opportunity to establish positions. The chief strategist at BCA Research also noted that gold prices may have further upside potential and could even reach new record highs.

wallstreetcnAug 7 17:20

Hong Kong Stocks: Hang Seng Index Rebounds by 137 Points; WuXi AppTec Soars, Zhipu AI Rises Over 14%, AIA Bounces Back

Overnight (6th), the three major U.S. equity indices declined, with the Dow Jones Industrial Average ending its five-day winning streak, falling 464 points, or 0.9%. The S&P 500 and Nasdaq Composite Index dropped 0.2% and 0.1%, respectively. This morning (7th), the Hang Seng Index opened down 3 points before reversing into positive territory, closing at 25,668 points, up 137 points or 0.54%, with total trading turnover reaching HK$259.686 billion. The Hang Seng China Enterprises Index closed at 8,531 points, up 32 points or 0.39%. The Hang Seng Tech Index closed at 4,858 points, up 37 points or 0.78%. Pharmaceutical and biotechnology stocks outperformed, led by the Wuxi group, with Wuxi Bio (02269

AASTOCKSAug 7 16:40

The People's Bank of China has increased its gold reserves for the 21st consecutive month, accelerating its pace of gold purchases in July.

As of the end of July 2026, the People's Bank of China held 76.08 million ounces of gold reserves, an increase of 640,000 ounces from the end of June, marking the 21st consecutive month of purchases. The pace of gold buying accelerated in July, with the monthly addition exceeding June’s 480,000 ounces. Meanwhile, foreign exchange reserves stood at USD 3.4188 trillion, up by USD 2.5 billion, or 0.07%, from the end of June, remaining broadly stable.

wallstreetcnAug 7 16:40

JPMorgan maintains a positive outlook on copper mining stocks and continues to list Zijin Mining (02899.HK) as its top pick.

JPMorgan published a research report noting that the Democratic Republic of Congo (DRC) has imposed an export ban on copper and cobalt concentrates. While MMG Limited (01208.HK), Zijin Mining (02899.HK), and CMOC Group (03993.HK) derive approximately 14%, 25%, and 100%, respectively, of their projected 2026 copper production from DRC assets, JPMorgan believes the actual impact of this policy will be limited. This is because the ban targets copper concentrate exports, and the primary DRC assets of these companies are integrated with smelting capacity, producing mainly anode copper, blister copper, and cathode copper rather than concentrates. JPMorgan also noted that DRC copper

AASTOCKSAug 7 15:42

Supply-demand dynamics improve! International gold and copper prices surge strongly, driving collective gains in Hong Kong-listed mining stocks.

① Both international gold and copper prices have strengthened in the short term—what investment rationales underpin this move? ② Hong Kong-listed shares in the non-ferrous metals sector rallied collectively—which individual stocks attracted investor interest?

cls.cnAug 7 15:06

HK Market Update | Gold Stocks Extend Gains in Afternoon Trading as Bank of Korea Resumes Physical Gold Purchases After 13 Years, Global Central Banks Accelerate Gold Accumulation

Gold stocks extended their gains in the afternoon session. As of writing, Zijin Gold International (02259.HK) rose 5.56% to HK$138.70; Tongguan Gold (03330.HK) gained 4.82% to HK$2.72; Zijin Mining (02899.HK) increased by 3% to HK$36.36; and Zhaojin Mining (01818.HK) climbed 2.91% to HK$24.04.

Zhitong FinanceAug 7 14:06

《Major Brokerage》UBS Group: Congo (DRC) copper concentrate export ban expected to have limited impact on Zijin Mining (02899.HK) and CMOC Group (03993.HK)

UBS Group issued a research report stating that the Democratic Republic of Congo’s (DRC) recent ban on exports of copper and cobalt concentrates will have limited direct impact on global copper concentrate supply. This is because the country previously implemented similar bans in 2013, 2019, and 2023, each time granting exemptions when domestic smelting capacity proved insufficient. Furthermore, over 85% of the DRC’s copper exports are already shipped in refined or semi-refined form, leading UBS to believe the policy’s impact will be minimal. Regarding cobalt, China has not imported cobalt ore or concentrate from the DRC since November 2023, and the cobalt intermediate products currently imported are not covered by the new policy, resulting in only a minor impact. UBS expects the ban to have limited effect on Zijin Mining (

AASTOCKSAug 7 11:01

Hong Kong Stocks Move Sharply | Copper Miners Rally Broadly, Jiangxi Copper Shares Up 3.5% Amid Supply Disruption in World's Second-Largest Copper Producer

Gelonghui, August 7 | Hong Kong-listed copper mining stocks rose collectively, with Jiangxi Copper Company Limited up 3.5%, CMOC Group Limited up 2.5%, Zijin Mining up nearly 2%, and China Nonferrous Metal Mining Group Co., Ltd. and World Gold International following the upward trend. On the news front, the government of the Democratic Republic of Congo (DRC) announced on August 6 a complete ban on exports of copper and cobalt concentrates. The DRC is the world’s second-largest copper producer, after Chile. This ban represents a further tightening of export quota policies introduced since 2025, aimed at promoting domestic processing of mineral resources. Although a three-month transition period and a one-year strategic exemption mechanism have been established, the ban took immediate effect, triggering market concerns over supply constraints.

Gelonghui FinanceAug 7 10:07

Express News | Zijin Mining's latest response: The relevant copper mines under its ownership are not among the products prohibited from export by the Democratic Republic of the Congo.

BreakingsAug 7 09:57

CITIC Securities: The Democratic Republic of Congo's export ban may drive up copper prices, potentially leading to a simultaneous revaluation and earnings uplift for the copper sector.

News of the Democratic Republic of Congo's ban on copper concentrate exports may further fuel bullish sentiment in the copper market, and we recommend copper producers with high-quality copper assets and a clear production growth trajectory.

Zhitong FinanceAug 7 08:14

As AI and tariffs reshape pricing dynamics, why is 'Dr. Copper'—hitting record highs once again—no longer signaling the economy's temperature?

On Thursday, international copper prices hit a new all-time high, but this latest rally is not a signal of accelerating global economic expansion—the so-called 'Dr. Copper,' once regarded as a reliable barometer of global economic health, is now becoming increasingly difficult to interpret.

Zhitong FinanceAug 7 06:59

From the yen's sharp depreciation to the Federal Reserve's silence, gold's strategic value is coming into focus.

The sharp depreciation of the yen and the Federal Reserve’s acknowledgment that long-end rates are increasingly determined by the market reflect a weakening grip by central banks on bond markets globally. Against a backdrop of elevated debt levels and sustained monetary expansion, traditional equity-bond portfolio allocations face challenges, potentially enhancing the long-term strategic value of gold as an asset to hedge against fiat currency depreciation.

wallstreetcnAug 6 21:24

World Gold Council: Gold is undergoing a shift from a traditional 'safe-haven asset' to a 'strategic allocation.'

As a new foundational asset in an era of multipolarity, gold—owing to its scarcity, risk-hedging properties, absence of sovereign credit risk, ample liquidity, and high global recognition—provides long-term support for wealth preservation and protection, serving as a critical vehicle and instrument for intergenerational wealth transfer and the perpetuation of family wealth value.

Zhitong FinanceAug 6 18:56

Chinese Stocks Rise 0.1% In Morning Trading

Dow JonesAug 6 10:00

Gold surpasses $4,300! Gold mining ETFs, gold ETFs, gold ETFs, and Shanghai Gold ETFs rise.

In early Asian trading today, spot gold broke above the $4,300 per ounce mark for the first time since June 18, gaining over $250 this week and rising more than 1% intraday. Overnight, gold prices surged dramatically, climbing over $200 from the session low at one point, and ultimately closing up 4.16% at $4,247.02 per ounce—the largest single-day gain since early February. Among ETFs, Ping An Gold Equity ETF, Huaxia Gold Equity ETF, Huaan Gold Equity ETF, E Fund Gold Equity ETF, and ICBC Gold Equity ETF all rose more than 3%; Tianhong Gold ETF, Cathay Gold ETF, and Harvest Gold ETF also advanced.

Gelonghui FinanceAug 6 09:54

Hong Kong Stocks Move | Gold Miners Open Higher En Masse as Weak ADP Data and Easing Geopolitical Tensions Push Spot Gold Above $4,300

Gold mining stocks opened higher across the board. As of the time of writing, Chifeng Gold (06693.HK) rose 9.08% to HK$38.94, and Lingbao Gold (03330.HK) gained 8.26% to HK$23.34.

Zhitong FinanceAug 6 09:25