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Hong Kong stocks movement | Copper industry stocks declined across the board as the strong performance of the US dollar puts pressure on copper prices. Institutions state that demand expectations remain the core factor in copper price determination.
Copper stocks fell across the board. As of the time of this report, MMG (01208) dropped by 3.15% to 2.46 HKD; CMOC Group Limited (03993) fell by 2.91% to 5.33 HKD; CHINFMINING (01258) decreased by 2.14% to 5.02 HKD; and Zijin Mining Group (02899) slid by 1.95% to 14.08 HKD.
Copper Falls After Fed Signals Rate-Cut Slowdown -- Market Talk
Hong Kong stocks fluctuation | The decline of Nonferrous Metals stocks has expanded as the rising dollar pressures the Nonferrous Metals Industry, entering a high volatility phase.
The decline in non-ferrous stocks has widened. As of this report, LINGBAO GOLD (03330) is down 5.42% at 2.79 HKD; GANFENGLITHIUM (01776) is down 4.42% at 21.6 HKD; CMOC Group Limited (03993) is down 4.26% at 5.62 HKD.
Hong Kong stocks' movements | Copper companies saw a widespread decline in early trading as copper concentrate long-term processing fees hit a historical low, Institutions indicate that the driving effect of policy expectations is fading.
Copper stocks all fell in the early session. As of the time of writing, MMG (01208) fell by 4.21%, trading at 2.73 HKD; CMOC Group Limited (03993) fell by 4.09%, trading at 5.63 HKD; Zijin Mining Group (02899) fell by 3.46%, trading at 15.06 HKD; JIANGXI COPPER (00358) fell by 1.98%, trading at 12.88 HKD.
Jiangxi Copper's Shareholder Boosts Stake to Signal Confidence
Express News | Jiangxi Copper - Controlling Shareholder Increased Shareholding of H Shares of Co by 0.02% of Total Issued Share Capital of Co
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