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JIANGXI COPPER Surges 10%+ as CN NDRC Encourages Large Alumina/ Copper Smelting Firms to Implement Mergers & Restructuring
2025-12-29 09:35:54 Last Friday (26th), China's National Development and Reform Commission (NDRC) published an article titled Vigorous Promotion of the Optimization and Enhancement of Traditional Industries saying that it encourages large backbone enterprises in alumina and copper smelting sectors to implement mergers and reorganization, enhancing the level of scalability and corporatization, and improving industry competitiveness. The NDRC added that it will focus on supporting backbone enterprises in technological research to enhance the technical advantages of the entire industrial chain. The news stimulated inclines in related stocks. JIANGXI COPPER (00358.HK) opened 9.99% higher this morning, and peaked at $41.98. It last printed at $41.2, surging 10.63%, with a trading volume of 10.8903 million shares, involving $448 million. CHALCO (02600.HK) also opened 4.39% higher, and peaked at $12.06. The stock last leaped 4.47% to $11.91, with a trading volume of 13.2304 million shares, involving $158 million. CHINFMINING (01258.HK) advanced 5.15% today, and peaked at $15.55. It last printed at $15.08, mounting 3.64%. ~ AASTOCKS Financial News Website: www.aastocks.com | |