According to the Zhitong Financial APP, CMOC Group Limited (03993) is now up more than 4%, up 4.5% as of press time, at HKD 7.19, with a turnover of HKD 35.2091 million.

On the news front, in May 2024, CMOC Group Limited's TFM company's copper production reached over 40,000 tons, setting a new monthly copper production record since the mine was established. According to the 2024 production guidance, CMOC Group Limited's copper production is expected to be between 520,000 and 570,000 tons, and is expected to increase by about 150,000 tons of copper production compared to 2023, making it the largest contributor to global copper production. In the first quarter of this year, CMOC Group Limited (TFM+KFM) produced 147,500 tons of copper. With KFM maintaining a high level of production and TFM's production capacity fully released, CMOC Group Limited is expected to enter the top ten copper producers in the world by 2024.

Huaan Securities research report pointed out that CMOC Group Limited is a global leader in copper and cobalt and continues to contribute incremental production with TFM and KFM in the Congo, driving both industrial metals and energy metals. The company's stock projects are fully in production and compliant, and incremental projects are efficiently and rapidly progressing. It is expected that the net income attributable to shareholders of the parent company will be CNY 11.35 billion, CNY 13.07 billion, and CNY 14.79 billion, respectively, from 2024 to 2026.