Shandong Gold Mining Co Ltd – Recent Market Activity

Price movement

  • On 4 December 2025, the Hong Kong‑listed share of Shandong Gold Mining fell more than 3 % in the afternoon session, as part of a broader weakness in the colored‑metals sector.
  • The decline followed a 4 % rise earlier on 3 December, when the share was one of several that moderated after an initial rally in the colored‑metals index.

Colored‑metals sector

  • The Shenzhen 50 ETF for colored metals (code 159652) recorded a 0.46 % increase on 3 December, drawing net inflows of over 300 000 shares in a single trading day.
  • The ETF’s net inflows have surpassed 4.3 million USD in the three days preceding 4 December, indicating sustained investor interest in the sector.
  • Within the ETF’s constituents, China Aluminum, Luoyang Moil and Beijing Rare Earth gained more than 2 %, while China Gold and Shandong Gold Mining experienced modest declines.

Copper market backdrop

  • The London Metal Exchange (LME) copper price reached a new historical high on 3 December, with the main contract surpassing 90 000 USD/ton.
  • A large‑scale cancellation of LME copper inventories has increased squeeze pressure on supply chains, contributing to upward pressure on copper prices.
  • Global banks have raised copper‑price forecasts for 2026, citing supply constraints from Chilean production, limited African development, and Indonesian export restrictions.

Other metal indices

  • The GuoZheng Colored Metals Industry Index (code 399395) advanced 1.65 % on 3 December.
  • Within this index, shares of Sun Fei Industrial (600595) rose 7.17 %, Tin Industry (000960) 6.46 %, Yun Aluminum (000807) 5.49 %, and China Aluminum (601600) also benefited.

Regulatory update

  • On 2 December 2025, the company filed a monthly report detailing changes in its securities as a Hong Kong de‑pository‑securities issuer in accordance with Section 19B of the Listing Rules.

Company fundamentals (as of 2 December 2025)

  • Market capitalization: 192 928 268 288 HKD.
  • 52‑week high: 44.36 HKD; 52‑week low: 12.44 HKD.
  • Price‑earnings ratio: 57.53.
  • Closing price (2 Dec 2025): 35.48 HKD.
  • Core operations include gold mining, exploration, processing, and outsourcing smelting, as well as gold‑purification services and non‑ferrous metal production.

The recent price movement reflects broader sector dynamics and external commodity price signals, while the company’s regulatory disclosures remain within the bounds of listed‑company requirements.