Changes in Hong Kong stocks | Jinchuan International (02362) rose nearly 7%, net profit increased 7.7 times year-on-year in the first half of the year, Musonoi mine opened up room for growth

The Zhitong Finance App learned that Jinchuan International (02362) rose by nearly 7%. The stock resumed trading on the previous trading day and closed up 25% on the same day. As of press release, it rose 6.92% to HK$0.85, with a turnover of HK$785.292 million.

According to news, in the first half of this year, Jinchuan International achieved revenue of 460 million US dollars, an increase of 152% over the previous year; shareholders should account for profit of 478.16 million US dollars, an increase of about 7.7 times the previous year. It is worth mentioning that the increase in performance stemmed from a sharp rise in the volume and price of copper and cobalt. The company's copper production in the first half of the year was 38,214 tons, an increase of 37% over the previous year, mainly due to the Musonoi mine starting operation in November 2025; cobalt production jumped from 71 tons in the same period last year to 4,345 tons. The average price of copper was 12,226 US dollars/ton, up 75% year over year. During the same period, the average benchmark price of LME copper was 13,088 US dollars/ton, up 39% year on year, and the average price of metal reported cobalt was 25.56 US dollars/lb, up 94% year on year, mainly due to tight supply of cobalt export quotas from the Democratic Republic of the Congo (DRC).