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MMG Swells 8% as Copper Price Jumps to New High; Guoseng Securities Expects Shortage in Copper Supply Next Yr
The London Metal Exchange 3-month copper future price hit a record high last Friday (28th). Some market participants predicted that the recent boom in large-scale metal shipments t...
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MMG Swells 8% as Copper Price Jumps to New High; Guoseng Securities Expects Shortage in Copper Supply Next Yr
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The London Metal Exchange 3-month copper future price hit a record high last Friday (28th). Some market participants predicted that the recent boom in large-scale metal shipments to the US could lead to a rapid depletion of stocks in other regions and, in turn, push up copper prices even further.

Copper miners were hyped up today. ZIJIN MINING (02899.HK)  +0.800 (+2.441%)    Short selling $305.57M; Ratio 21.966%   , one of the blue chips, opened 1.7% higher, and it last traded at HKD32.04, up 4.36%, with a volume of 46.9575 million shares, involving HKD1.513 billion.

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MMG (01208.HK)  +0.070 (+0.857%)    Short selling $63.50M; Ratio 12.663%   last printed at HKD7.49, up 8.39%, with a turnover of HKD439 million. JIANGXI COPPER (00358.HK)  +0.480 (+1.426%)    Short selling $97.48M; Ratio 15.044%   last rose by 7.76% to HKD33.06, with a turnover of HKD929 million. CHINFMINING (01258.HK)  -0.650 (-3.878%)    Short selling $23.72M; Ratio 18.984%   was last at HKD15.95, up 6.69%, with a turnover of HKD147 million. CMOC (03993.HK)  +0.020 (+0.111%)    Short selling $59.46M; Ratio 8.302%   last traded at HKD17.05, up 5.51%, with a turnover of HKD663 million.

Looking back on this year, Guoseng Securities said persistent disruptions at the mining end were beyond market expectations and confirmed a shortage pattern for 2026. Excluding unexpected disturbances, the broker estimated copper mine supply to increase by only 630,000 tons in 2026, which will be insufficient to fill the gap created by growing demand.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-12-04 12:25.)

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