Changes in Hong Kong stocks | Luoyang Molybdenum Industry (03993) rose more than 4% in the afternoon. The company was selected for the FTSE A50 Index copper production limit or surpassed the guidelines

The Zhitong Finance App learned that the Luoyang Molybdenum Industry (03993) rose more than 4% in the afternoon. As of press release, it had risen 4.09% to HK$18.86, with a transaction of HK$447 million.

According to the news, on December 3, FTSE Russell announced quarterly review changes to the FTSE China 50 Index, FTSE China A50 Index, FTSE China A150 Index, FTSE China A200 Index, and FTSE China A400 Index. Among them, the FTSE China A50 Index is included in the Luoyang Molybdenum Industry. This change will take effect when trading closes on Friday, December 19, 2025. UBS previously pointed out that Luoyang Molybdenum's copper production in 2025 is likely to exceed the guideline of 600,000 to 660,000 tons. It has already reached 543,000 tons in the first three quarters of this year, mainly benefiting from technical upgrades and power supply improvements in production lines. Management is confident that production will continue to grow in 2026-27, and believes that the contribution of new production is sustainable.

At the industry level, Guojin Securities pointed out that at the pace, the first half of 2026 is expected to usher in re-inflationary transactions. After the Federal Reserve's successive soft landings and interest rate cuts, copper prices and the US manufacturing PMI usually rebounded steadily for 3-6 months. The current round of interest rate cuts began with interest rate cuts on September 18, and the fundamental recovery corresponds to the first and second quarter of next year. Furthermore, in the context of short-term macroeconomic headwinds, the reason why copper prices have maintained strong fluctuations of more than 10,500 US dollars is that price resilience is stronger than previous performance after interest rate cuts. The core support is supply. Therefore, after improving economic fundamentals in the future, copper prices may usher in price elasticity that surpasses the past.