CMOC Group Ltd. said net income reached 24 billion yuan for the first three quarters, up 68% from a year earlier. A WeChat post from the company noted that total has already exceeded its full-year 2025 net income. The July to September period contributed 7.87 billion yuan, a 40% annual increase, according to the report released Friday.
Management tied the stronger results to more copper sold at better prices, with an additional lift from rising molybdenum and tungsten prices. So far this year, copper is up roughly 15% and set a record in September, supported by hefty shipments headed to the US amid speculation that the Trump administration will impose a levy on refined supplies. Supply issues at some producers, including in Chile, have also helped fuel the rally.
In the three months through September, copper production was around 209,000 tons, based on Bloomberg calculations from CMOC's reports. That marks a second consecutive quarter above 200,000 tons. The company also said on WeChat that it added aluminum and iron ore trading this year.
When commodities and markets feel noisy, sign up for the free Market Briefs to get clear five-minute daily context
Higher volumes and prices delivered both earnings growth and operational momentum. If copper's record run holds and output stays above 200,000 tons a quarter, CMOC's profit sensitivity to the metal remains the key swing factor to watch.
If you want a simple, free way to stay informed, sign up for the Market Briefs newsletter for five-minute updates
