On August 31, CMOC fell 4.3% in regular trading, trading at HK$16.77/share, with turnover of HK$47.51 million. The decline came amid a broad selloff across the diversified metals and mining sector, with major peers including Zijin Mining down 5.59%, Wanguo Gold Group down 6.86%, and MMG down 3.68%.
Despite reporting strong first-half results on August 19 — with net profit surging 86.27% year-over-year to 16.15 billion yuan on revenue of 135.32 billion yuan — the stock has struggled to sustain gains. Copper output reached 387,961 tonnes in H1, keeping CMOC among the world's top ten copper producers, and the company announced its first-ever interim dividend of 0.95 yuan per 10 shares. However, lingering concerns over Congo's cobalt export quota regime and broader macro headwinds have weighed on sentiment. The company stated it is exporting cobalt normally under the quota system, with an annual allocation of 31,900 tonnes.
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