China's CMOC leads rally in HK-listed materials stocks as copper soars

Shares of Chinese mining and processing company CMOC Group 3993.HK jump 14% to HK$14.28, their highest since April 2007 debut, leading a rally in Hong Kong-listed raw material stocks

Zijin Mining 2899.HK, Jiangxi Copper 0358.HK, MMG 1208.HK and China Nonferrous Mining 1258.HK rise between 4.6% and 9.3%

Hong Kong's material index .HSCIM surges 4.2% to 14,084.97, its highest level since May 2008

Copper hit its highest level in more than 15 months on Wednesday after Freeport-McMoran Inc FCX.N declared force majeure at its Grasberg mining complex in Indonesia and slashed production guidance for 2026

A deadly landslide at the Grasberg Block Cave underground mine on September 8 prompted Freeport to suspend operations in the area

Copper's rally pushed other base metals higher

CGN Mining 1164.HK, Aluminum Corporation of China 2600.HK, Ganfeng Lithium 1772.HK and Tiangong International 0826.HK climb 1.7% to 4%