June 19 Glonhui | Copper stocks rose, of which mmg (1208.HK) rose by more than 6%, the stock price returned to above HKD 3, with a total market value of HKD 37.5 billion. In terms of news, the company announced last night that Minera Las Bambas S.A. (MLB) has received a favorable ruling from the Peruvian tax court, which ruled that MLB is not required to pay a 30% punitive withholding tax. The tax court's ruling is related to the 2017 tax year. In addition, some institutions stated that the company's Kinsevere expansion project is planned to be put into production in the second half of 2024, and the Chalcobamba development project in Las Bambas has started construction in February 2024. Coupled with the output release of the emerging Khoemacau mine with sufficient growth potential in production and expansion projects, the company's copper production is expected to increase year by year.
港股异动丨五矿资源涨超6% 股价重回3港元上方
HK stocks abnormal movement | mmg rose more than 6%, and the stock price returned to above HKD 3.
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