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Aluminum, Copper, Lithium, Rare Earth Magnet Stocks Rally Collectively as CN Lowers Growth Target for 10 Non-ferrous Metals Output, Expected to Benefit Mkt Balance
China reduced its annual average growth target for the output of ten non-ferrous metals from 5% over the past 2 years to 1.5%. The market believed that this reflects the Chinese go...
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Aluminum, Copper, Lithium, Rare Earth Magnet Stocks Rally Collectively as CN Lowers Growth Target for 10 Non-ferrous Metals Output, Expected to Benefit Mkt Balance
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China reduced its annual average growth target for the output of ten non-ferrous metals from 5% over the past 2 years to 1.5%. The market believed that this reflects the Chinese government's commitment to balancing supply security, industry upgrade and decarbonization.

Meanwhile, the Chinese government increased investment in recycling, with a target to produce over 20 million tons of recycled metals annually by 2026, and expanding the reuse of waste batteries, solar panels and other waste materials.

Related NewsBofAS Raises TPs for CMOC/ ZIJIN MINING, Upgrades JIANGXI COPPER to Buy
Major non-ferrous metals and resource stocks prospered this morning (29th). At the close of trading near noon, aluminum giant CHINAHONGQIAO (01378.HK)  +0.480 (+1.850%)    Short selling $154.24M; Ratio 16.122%   last printed at $25.74, mounting 3.12%, with a turnover of $345 million. Its peer CHALCO (02600.HK)  +0.160 (+2.023%)    Short selling $93.63M; Ratio 14.746%   last printed at $7.8, up 3.31%, with a turnover of $295 million.

Copper mining stocks collectively inclined. ZIJIN MINING (02899.HK)  +0.440 (+1.368%)    Short selling $1.02B; Ratio 27.066%   last ballooned 3.36% to $31.4, with a turnover of $1.282 billion. CMOC (03993.HK)  +1.030 (+7.026%)    Short selling $388.13M; Ratio 25.515%   leaped 3.79% to $14.5, with a turnover of $459 million. JIANGXI COPPER (00358.HK)  +2.480 (+8.851%)    Short selling $164.24M; Ratio 13.091%   elevated 3.04% to $27.76, with a turnover of $256 million.

Furthermore, MMG (01208.HK)  +0.510 (+8.173%)    Short selling $729.13M; Ratio 36.637%   was flat at $6.26, with a turnover of $356 million. CHINFMINING (01258.HK)  +0.940 (+6.695%)    Short selling $148.18M; Ratio 32.475%   jumped up 4.71% to $14.01, with a turnover of $195 million.

Related NewsCiti Lifts MMG (01208.HK) TP to $7.2, Opens 90-Day Positive Catalyst Watch
Lithium stocks surged. GANFENGLITHIUM (01772.HK)  +3.440 (+8.665%)    Short selling $191.14M; Ratio 12.482%   swelled 6.07% to $39.52, with a turnover of $753 million. TIANQI LITHIUM (09696.HK)  +2.340 (+5.493%)    Short selling $23.63M; Ratio 5.607%   advanced 5.27% to $42.38, with a turnover of $212 million.

Rare-earth magnet stock JLMAG (06680.HK)  +0.400 (+1.786%)    Short selling $25.41M; Ratio 12.974%   climbed 2.57% to $22.32, with a turnover of $78.4853 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-30 16:25.)

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