← JX Advanced Metals overview

JX Advanced Metals vs Kinross Gold: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

JX Advanced Metals Corporation (5016.JP)

Q3 2026
▲3▼1

JX Metals lifts guidance, joins Nikkei, expands into rare earths and lithium

  • Profit forecast raised on AI chip demand and copper prices JX Metals lifted its full-year net profit forecast to 141 billion yen, up 34.7%, after first-quarter operating profit jumped 176% to 81.4 billion yen. Strong sales of semiconductor materials used in AI servers, a weaker yen and higher copper prices are driving profits, which supports the shares.

    This is the core earnings driver behind the stock's move this period.

  • Upgraded guidance still fell short of analyst estimates Even after the upgrade, the company's forecast was below what analysts expected, and the stock fell sharply on the first trading day after results. This is a real counterweight: the business is strong, but expectations were even higher, so the shares have swung without clear direction.

    It is the main negative force and explains why the stock did not simply rise on good news.

  • Joining the Nikkei 225 index brings forced buying JX Metals will be added to the Nikkei Stock Average on October 1. Funds that track the index must buy the stock to match it, creating steady demand around the change. This is a one-time technical boost, not a change in the underlying business.

    Index inclusion is a new, concrete event that directly affects demand for the shares.

  • New rare earth and lithium deals widen the growth story JX Metals signed a rare earth cooperation and investment agreement with Tronox, sharing about $32 million in studies for plants in Australia and the US, and a binding lithium exploration deal in Australia. These moves expand into critical minerals, adding a new long-term growth angle beyond copper and chips.

    These are new strategic investments that broaden the company's future revenue sources.

September 2026
▲3▼1

JX Metals lifts guidance, joins Nikkei, expands into rare earths and lithium

  • Profit forecast raised on AI chip demand and copper prices JX Metals lifted its full-year net profit forecast to 141 billion yen, up 34.7%, after first-quarter operating profit jumped 176% to 81.4 billion yen. Strong sales of semiconductor materials used in AI servers, a weaker yen and higher copper prices are driving profits, which supports the shares.

    This is the core earnings driver behind the stock's move this period.

  • Upgraded guidance still fell short of analyst estimates Even after the upgrade, the company's forecast was below what analysts expected, and the stock fell sharply on the first trading day after results. This is a real counterweight: the business is strong, but expectations were even higher, so the shares have swung without clear direction.

    It is the main negative force and explains why the stock did not simply rise on good news.

  • Joining the Nikkei 225 index brings forced buying JX Metals will be added to the Nikkei Stock Average on October 1. Funds that track the index must buy the stock to match it, creating steady demand around the change. This is a one-time technical boost, not a change in the underlying business.

    Index inclusion is a new, concrete event that directly affects demand for the shares.

  • New rare earth and lithium deals widen the growth story JX Metals signed a rare earth cooperation and investment agreement with Tronox, sharing about $32 million in studies for plants in Australia and the US, and a binding lithium exploration deal in Australia. These moves expand into critical minerals, adding a new long-term growth angle beyond copper and chips.

    These are new strategic investments that broaden the company's future revenue sources.

Latest
▲3▼1

JX Metals lifts guidance, joins Nikkei, expands into rare earths and lithium

  • Profit forecast raised on AI chip demand and copper prices JX Metals lifted its full-year net profit forecast to 141 billion yen, up 34.7%, after first-quarter operating profit jumped 176% to 81.4 billion yen. Strong sales of semiconductor materials used in AI servers, a weaker yen and higher copper prices are driving profits, which supports the shares.

    This is the core earnings driver behind the stock's move this period.

  • Upgraded guidance still fell short of analyst estimates Even after the upgrade, the company's forecast was below what analysts expected, and the stock fell sharply on the first trading day after results. This is a real counterweight: the business is strong, but expectations were even higher, so the shares have swung without clear direction.

    It is the main negative force and explains why the stock did not simply rise on good news.

  • Joining the Nikkei 225 index brings forced buying JX Metals will be added to the Nikkei Stock Average on October 1. Funds that track the index must buy the stock to match it, creating steady demand around the change. This is a one-time technical boost, not a change in the underlying business.

    Index inclusion is a new, concrete event that directly affects demand for the shares.

  • New rare earth and lithium deals widen the growth story JX Metals signed a rare earth cooperation and investment agreement with Tronox, sharing about $32 million in studies for plants in Australia and the US, and a binding lithium exploration deal in Australia. These moves expand into critical minerals, adding a new long-term growth angle beyond copper and chips.

    These are new strategic investments that broaden the company's future revenue sources.

Kinross Gold Corporation (KGC)

Q3 2026
▼3▲1

Kinross cuts output, costs rise, but returns more cash

  • Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.

    This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.

  • All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.

    Cost inflation is a key new headwind that compresses margins and pressures the share price.

  • Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.

    This is a new positive action that offsets some negative news and shows management's confidence.

  • Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.

    This macro event explains the broader sector decline and KGC's sharp drop in September.

August 2026
▼3▲1

Kinross cuts output, costs rise, but returns more cash

  • Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.

    This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.

  • All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.

    Cost inflation is a key new headwind that compresses margins and pressures the share price.

  • Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.

    This is a new positive action that offsets some negative news and shows management's confidence.

  • Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.

    This macro event explains the broader sector decline and KGC's sharp drop in September.

Latest
▼3▲1

Kinross cuts output, costs rise, but returns more cash

  • Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.

    This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.

  • All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.

    Cost inflation is a key new headwind that compresses margins and pressures the share price.

  • Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.

    This is a new positive action that offsets some negative news and shows management's confidence.

  • Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.

    This macro event explains the broader sector decline and KGC's sharp drop in September.