Wanjia CSI Industry Non-Ferrous Metal Theme ETF

洛阳钼业 completes Brazilian gold mine project transfer, expected to produce 6-8 tons of gold this year

LME completes acquisition of Canadian gold mine project

ZAL (China Aluminum Corporation) and FAW Group to Deepen Strategic Collaboration

NS Aluminum International Plans to Raise Nearly HKD 2 Billion for Potential Aluminum Smelting Project

CICC Maintains Buy Rating for Nan Shan Aluminum Industry International Holdings

Kingstone Mining's 2025 Preliminary Results Meet Expectations, 2026 Copper Production Growth Expected

LuoYang Molybdenum plans to issue 1.2 billion US dollars zero-coupon convertible bonds due in 2027

Jiangxi Copper Signs Three-Year Mutual Supply Agreement with JCC International Trade

Jiangxi Copper's Subsidiary Renewed Mutual Guarantee Agreement

Jiangxi Copper Plans to Issue Debt Financing Instruments Worth 2.5 Billion Yuan

Jiangxi Copper Signs Cooperation Framework Agreement with China Ordnance Industry Material Group

China Aluminum Communicates with Government on Supporting Rio Tinto and Glencore Merger

Hong Kong Stock Analyst Recommends Buying Shun Tak and Luoyang Mining

LuoYang Molybdenum Plans to Provide 3.3 Billion Yuan Guarantees to Subsidiaries for Stable Sustainable Development

CICC upgrades China Aluminum A-shares rating

Zijin Mining's Stock Price Hits a New Historical High

LiuYongMoYe Plans to Purchase Up to RMB 20 Billion in Wealth Management Products

Jiangxi Copper's subsidiary signs investment option agreement with First Quantum

LuoYang Molybdenum Co. expects a significant increase in net profit in 2025

Jiangtong Fengkan to Invest $6.5 Million in Lakeside for 14.9% Equity and Related Debts

603993

03993

PICK

CMOC Group Ltd :SAYS IT COMPLETED ACQUISITION OF GOLD MINES FROM EQUINOX GOLD CORP WITH 5.0 MILLION OUNCES OF GOLD RESOURCES

Reuters

CMOC

SPDR S&P Mtls & Mng

Equinox Gold

ISHRS MSCI Glb Slct Met & Mining

CMOC Completes Acquisition Of Gold Mines From Equinox Gold

ANTO

601600

601702

601677

The current macro environment, characterized by rising inflation, tightening labor supply, and looser fiscal policies, is seen as favorable for commodities to outperform financial assets. Experts suggest that inflation could exceed 4% by 2026, impacting metal prices and breakeven inflation. Concerns about a potential stock market bubble, particularly in AI, further support the case for hard assets. As commodities are expected to gain value in real terms, traders may need to adjust their perspectives on oil and other commodities.

Talkmarkets

 BHP Group Ltd

Invesco DB Commodity Index Tracking Fund

Abrdn BBG All Commodity Strategy K-1 Free ETF

Van Eck Associates Corp.

WisdomTree Silver

Freeport Mcmoran

SPDR Energy Select

Antofagasta plc

Agnico Eagle Mines

Invesco DB TR Base Metals ETF

Sprott Silver Mnrs & Physical Silver ETF

Invesco Db Precious Metals ETF

VanEck Vectors Junior Gold Miners UCITS ETF

Southern Copper

Pro Ultr GLD

Sprott Copper Miners ETF

Zijin Mining

Global X Copper Miners

SHENHUO COAL&POWER

Rio Tinto plc

iShares Gold Trust

Sprott Junior Copper Miners ETF

United States Oil Fund LP

Century Aluminum

GLOBAL X Gold Explorers

Abrdn Gold ETF Trust

United States Copper Index

Abrdn Platinum ETF Trust

Kinross Gold

ISHRS S&P Glb Engy

Us Brent Oil

ERO Copper

Pro Ultr Silver

iShares MSCI Global Silver Miners

Hunan Silver

VanEck Vectors Gold Miners UCITS ETF

CHALCO

Huafon Aluminium

Mtalco

ISHRS S&P Gsci Cmdty

Alcoa

BHP Group Plc

SPDR O&G Ex & Prd

iShares MSCI Global Gold Miners

Invesco Optimum Yield Div Comm Strategy K-1

VanEck Oil Services ETF

The Perfect Environment For The Outperformance Of Commodities

516650

512400

600219

600362

159608

561330

LME copper futures rose by $360, closing at $13,115 per ton. LME aluminum futures increased by $36, closing at $3,169 per ton. LME zinc futures gained $50, closing at $3,260 per ton

Wallstreetcn

Hwabao WP CSI Non-ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

YeChiu Resources

XJJW

iShares Copper and Metals Mining ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

NANSHAN ALUMINIUM

Teck Resources B

JCCL

GF CSI Rare Metals Theme ETF

Yinhua CSI Non-ferrous Metal ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Yunnan Aluminium

China's SHFE raises price limits, margins for nickel and other metals futures

marketscreener

Jiaozuo Wanfang

China's SHFE raises price limits, margins for nickel and other metals futures

COPA

London Metal Exchange (LME): Copper inventory 171,700 tons, increased by 3,450 tons. Aluminum inventory 507,275 tons, decreased by 2,000 tons. Nickel inventory 283,728 tons, decreased by 768 tons

WisdomTree Copper

02600

Alcoa CEO: The company's overall tariff expenses amount to $1 billion

Shanghai tin night trading rose by 1.7%, while other metals showed mixed performance: international copper fell by 0.56%, Shanghai copper fell by 0.43%, Shanghai aluminum rose by 0.21%, Shanghai zinc rose by 0.74%, Shanghai lead remained flat, and Shanghai nickel rose by 0.28%. Alumina rose by 1.15%, aluminum alloy rose by 0.26%, and stainless steel fell by 0.75%

Shanghai tin night session closed up 1.7%

00358

560860

SolGold PLC has announced a recommended cash acquisition by Jiangxi Copper (Hong Kong) Investment Company Limited, to be implemented via a scheme of arrangement under the Companies Act 2006. A Scheme Document detailing the terms, conditions, and timetable for the acquisition has been published. The acquisition requires approval from Scheme Shareholders and SolGold Shareholders at respective meetings scheduled for 23 February 2026. Shareholders are urged to submit proxy votes promptly to ensure fair representation at the meetings.

London Stock Exchange

Dacheng Non-Ferrous Metal Futures ETF

SolGold Plc

JIANGXI COPPER

REG - SolGold PLC - Scheme of Arrangement

REMX

LYSDY

600392

000831

600111

USAR

00769

USARW

Davos-U.S. Treasury's Bessent: Must get out from China's grasp on rare earths

VanEck Rare Earth/Strategic Metals ETF

Lynas Corporation

MP Materials

SHRC

ZGXT

CNRE

USA Rare Earth

CHINA RAREEARTH

USA Rare Earth - CW300313

Davos-U.S. Treasury's Bessent: Must get out from China's grasp on rare earths

CMOC Group's Hong Kong shares fell 5.6% to HK$20.56, marking the largest one-day percentage decline since December 9. The stock also dropped to its lowest level since January 9. The company proposed issuing $1.2 billion in convertible bonds, which could dilute existing shares, raising concerns among investors. The proceeds will be used to expand and sustain capital for overseas mining and processing assets, as well as enhance working capital flexibility.

CMOC's HK shares fall most in 6 weeks on convertible bonds issue

Base metals, particularly copper, aluminum, and tin, have rallied sharply due to supply disruptions and increased demand from AI-driven infrastructure. Analysts caution that while the medium-term outlook remains positive, volatility may increase, leading to selective gains. Copper prices are supported by supply strains and speculative buying, with expectations of further price increases. However, risks from China's weak property sector could limit upside potential. Investors are advised to consider mining stocks and ETFs for exposure to this sector, as rising metal prices improve the outlook for producers.

Money Control

GTJA Allianz SSE Bulk Commodity ETF

Rio Tinto

Harbor Commodity All Weather Strategy ETF

Hudbay Minerals

Base metals rally on supply crunch, AI-infra demand; experts see selective upside ahead

CMOC Group Limited plans to raise US$1.2 billion through zero coupon guaranteed convertible bonds due 2027, with a guarantee from its parent company. The bonds will be convertible into approximately 333.7 million H shares at HK$28.03 each, a premium to the current market price. The net proceeds of about US$1.1875 billion will be used for specified purposes. The transaction is subject to conditions and may not complete, which could lead to potential dilution for shareholders. The latest analyst rating for CMOC stock is a Buy with a price target of HK$25.90.

Tip Ranks

CMOC Group to Raise US$1.2 Billion via Premium-Priced Convertible Bonds

Jiangxi Copper Company Limited has entered into a Procurement and Sales Cooperation Framework Agreement with China Ordins Group Co., Ltd. The agreement, effective from January 1, 2026, to December 31, 2028, outlines the supply of various copper and nickel products between the two companies. Pricing for these products will be based on established market formulas, and either party can terminate the agreement with seven days' notice. This collaboration aims to enhance supply chain efficiency and service delivery for both companies.

Jiangxi Copper Company Limited Enters into Procurement and Sales Cooperation Framework Agreement with China Ordins Group Co., Ltd

Jiangxi Copper's subsidiary, Heding Copper, has renewed a mutual guarantee agreement with Fuye Group, maintaining a guarantee balance of RMB 2.9 billion for bank loans starting January 1, 2026. This agreement is considered a continuing connected transaction under Hong Kong listing rules and aims to reduce financing costs and support operational needs. The arrangement will undergo annual review but does not require independent advice or shareholder approval. The current analyst rating for Jiangxi Copper (HK:0358) is a Hold with a price target of HK$45.00.

Jiangxi Copper Unit Renews RMB 2.9 Billion Mutual Guarantee Deal With Fuye Group

Jiangxi Copper Company has signed two three-year reciprocal supply agreements with Ordins, a significant shareholder of its subsidiary, JCC International Trade. These agreements, effective from January 1, 2026, to December 31, 2028, will facilitate procurement and sales between the two parties, enhancing their commercial relationship. The transactions have been approved by the board and are considered fair and reasonable under Hong Kong listing rules. The current analyst rating for Jiangxi Copper (HK:0358) is a Hold, with a price target of HK$45.00.

Jiangxi Copper Signs Three-Year Reciprocal Supply Deals With Connected Shareholder Ordins

Wanjia CSI Industry Non-Ferrous Metal Theme ETF(560860.SH)

CMOC Completes Acquisition Of Gold Mines From Equinox Gold

The Perfect Environment For The Outperformance Of Commodities

LME copper futures rose by $360, closing at $13,115 per ton. LME aluminum futures increased by $36, closing at $3,169 per ton. LME zinc futures gained $50, closing at $3,260 per ton

China's SHFE raises price limits, margins for nickel and other metals futures

London Metal Exchange (LME): Copper inventory 171,700 tons, increased by 3,450 tons. Aluminum inventory 507,275 tons, decreased by 2,000 tons. Nickel inventory 283,728 tons, decreased by 768 tons