Understanding the Market | MCC Rises Over 7%, Institutions Say the Value of Construction Companies with Rich Mineral Resources Needs Urgent Reassessment

Zhitong
2025.09.30 03:16
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China Metallurgical Group Corporation rose over 7%. As of the time of writing, it increased by 6.94%, trading at HKD 2.62, with a transaction volume of HKD 271 million. In terms of news, Guosheng Securities stated that this year, under the backdrop of the economy bottoming out and the Federal Reserve's interest rate cut cycle, the prices of major metals such as gold and copper are fluctuating upwards, and the non-ferrous sector continues to surge. The value of construction companies rich in mineral resources is urgently in need of reassessment, with a strong recommendation for China Metallurgical Group Corporation H. Industrial Securities pointed out that mineral resource empowerment is expected to enhance the company's valuation. The company currently has 7 overseas mines, mainly concentrated in metals such as nickel, cobalt, copper, lead, and zinc. Key mineral resources include: the Ramu nickel-cobalt mine in Papua New Guinea, which benefits from exploration results within the exploration rights area, with estimated nickel resources increasing to 2.1146 million tons and cobalt resources increasing to 219,400 tons; the Sandak copper-gold mine in Pakistan, with estimated copper resources of 1.7913 million tons; in addition, the development of the Sia Dyk copper mine project in Pakistan and the Aynak copper mine project in Afghanistan is progressing in an orderly manner, which is expected to contribute significant elasticity to the company's performance and enhance the company's valuation level

According to Zhitong Finance APP, China Metallurgical Group Corporation (01618) has risen over 7%, and as of the time of writing, it is up 6.94%, trading at HKD 2.62, with a transaction volume of HKD 271 million.

In terms of news, Guosheng Securities stated that this year, against the backdrop of an economic bottoming out and the Federal Reserve's interest rate cut cycle, the prices of major metals such as gold and copper are fluctuating upwards, and the non-ferrous sector continues to surge. The value of construction companies rich in mineral resources is urgently in need of reassessment, with a strong recommendation for China Metallurgical Group Corporation H. Industrial Securities pointed out that the empowerment of mineral resources is expected to enhance the company's valuation. The company currently has 7 overseas mines, mainly concentrated in metals such as nickel, cobalt, copper, lead, and zinc. Key mineral resources include: the Ramu nickel-cobalt mine in Papua New Guinea, which benefits from exploration results within the exploration rights area, with estimated nickel resources increasing to 2.1146 million tons and cobalt resources increasing to 219,400 tons; the Sandak copper-gold mine in Pakistan, with estimated copper resources of 1.7913 million tons; in addition, the development of the Sia Dyk copper mine project in Pakistan and the Aynak copper mine project in Afghanistan is progressing in an orderly manner, which is expected to contribute significant elasticity to the company's performance and enhance the company's valuation level

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