Zijin Mining Tops $65 Billion in Market Cap on Surging Mineral Prices

What’s new: Zijin Mining Group Co. Ltd. (601899.SH), China’s largest gold and copper producer, saw its market value surpass 470 billion yuan ($65 billion) driven by the rocketing price of gold and copper, achieving a new historical high and entering the top 20 of domestically listed firms.

Zijin’s Shanghai traded shares closed 5.76% higher at 17.99 yuan Wednesday, putting the company’s market cap at 473.6 billion yuan. The stock has surged more than 21% over the past 30 trading days.