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The latest update is out from MMG ( (HK:1208) ).
MMG Limited has entered into a new Shipping Framework Agreement with Minmetals Shipping, a wholly owned subsidiary of its ultimate controlling shareholder China Minmetals Corporation, covering ocean transport of MMG’s copper, zinc and lead concentrates from Peru and Australia to ports nominated by the group between 28 January 2026 and 31 January 2027. The agreement, classified as a continuing connected transaction under Hong Kong listing rules, sets freight rates in US dollars on an arm’s-length basis in line with prevailing international shipping market practices and includes standard provisions on laytime, demurrage and payment terms, while allowing MMG to continue sourcing freight in the open market and compare Minmetals Shipping’s offers against other providers, thereby maintaining competitive pricing and compliance with related-party transaction requirements.
The most recent analyst rating on (HK:1208) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.
More about MMG
MMG Limited is a Hong Kong–incorporated resources company focused on the production and sale of base metal concentrates, including copper, zinc and lead, sourced from operations in countries such as Peru and Australia. The group relies on international maritime logistics to ship these concentrates to global customers, making ocean transport a key component of its supply chain and cost structure.
Average Trading Volume: 53,306,501
Technical Sentiment Signal: Buy
Current Market Cap: HK$132.1B
For an in-depth examination of 1208 stock, go to TipRanks’ Overview page.