China's CMOC leads rally in HK-listed materials stocks as copper soars

About this update from Tiangong International Co. Ltd.

** Shares of Chinese mining and processing company CMOC Group SSE:603993 jump 14% to HK$14.28, their highest since April 2007 debut, leading a rally in Hong Kong-listed raw material stocks ** Zijin Mining SSE:601899, Jiangxi Copper SSE:600362, MMG HKEX:1208 and China Nonferrous Mining HKEX:1258 rise between 4.6% and 9.3%** Hong Kong's material index (.HSCIM) surges 4.2% to 14,084.97, its highest level since May 2008** Copper hit its highest level in more than 15 months on Wednesday after Freeport-McMoran Inc NYSE:FCX declared force majeure at its Grasberg mining complex in Indonesia and slashed production guidance for 2026** A deadly landslide at the Grasberg Block Cave underground mine on September 8 prompted Freeport to suspend operations in the area** Copper's rally pushed other base metals higher** CGN Mining HKEX:1164, Aluminum Corporation of China SSE:601600, Ganfeng Lithium SZSE:002460 and Tiangong International HKEX:826 climb 1.7% to 4%

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