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China Nonferrous Mining Corp. Ltd. ( (HK:1258) ) has provided an announcement.
China Nonferrous Mining Corporation Limited announced a revision of its annual caps under the 2023 Huachin Copper Supply Framework Agreement due to anticipated increases in copper demand and prices. This adjustment reflects the company’s strategic response to market conditions, ensuring sufficient capacity to meet the needs of the Huachin Group, and highlights the importance of connected transactions under the Hong Kong Listing Rules.
The most recent analyst rating on (HK:1258) stock is a Buy with a HK$15.50 price target. To see the full list of analyst forecasts on China Nonferrous Mining Corp. Ltd. stock, see the HK:1258 Stock Forecast page.
More about China Nonferrous Mining Corp. Ltd.
China Nonferrous Mining Corporation Limited operates in the mining industry, focusing primarily on the production and sale of copper products. The company is incorporated in Hong Kong and engages in transactions with subsidiaries to supply copper to various markets.
YTD Price Performance: 189.34%
Average Trading Volume: 21,233,638
Technical Sentiment Signal: Buy
Current Market Cap: HK$56.54B
See more data about 1258 stock on TipRanks’ Stock Analysis page.