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HK stocks abnormal | mmg (01208) fell more than 3% again, hitting a new low in over 4 months. Las Bambas' copper production in the second quarter decreased by 14% YoY.
MMG (01208) fell more than 3%, reaching a new low of HK$2.43 since early March this year. As of press time, it fell 3.57% to HK$2.43 with a turnover of HK$97.5117 million.
MMG's Copper, Molybdenum Production Fall
Jefferies Adjusts MMG's Price Target to HK$3 From HK$3.50, Keeps at Hold
Founder Securities: Prices of non-ferrous industry and industrial metals are weakening, and gold prices are reaching new highs.
Domestic demand for industrial metals has entered the off-season, coupled with increasing expectations of a U.S. economic downturn. Industrial metal prices may remain weak, and attention can be paid to downstream demand changes in the off-season. In addition, the expectation of interest rate cuts is gradually fermenting, coupled with the weakening of the U.S. credit system, and the short-term gold price may maintain a high-level shock trend.
HK stocks anomaly | Copper stocks fall again as copper prices decline, causing market divergence and a continuation of weak trends.
Copper stocks have fallen again, as of press time, Chinagoldintl (02099) has fallen by 7.61% to HKD 42.50, Chinfmining (01258) has fallen by 5.01% to HKD 5.12, MMG (01208) has fallen by 4.96% to HKD 2.49, and Jiangxi Copper (00358) has fallen by 3.88% to HKD 13.38.
MMG (01208) fell 4.96% in the Hong Kong stock through. The total copper production in the second quarter decreased by 2% year-on-year.
Golden Finance News | MMG (01208) weakens during trading, as of writing, down 4.96%, at HKD 2.49 with a transaction amount of HKD 55.68 million. MMG announced that in the second quarter of this year, the total copper output was about 0.091 million tons, a decrease of 2% compared to the same period last year, but an increase of 36% compared to the first quarter of this year. The Las Bambas copper production decreased by 14% compared to the same period last year, but increased by 25% compared to the first quarter of this year, mainly due to the ore supply from the Chalcobamba pit, despite the average grade of ore decreasing due to the mining sequence in the Ferrobamba pit.
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151467742 : $YANZHOU COAL MININ (YZCAY.US)$ Dude, which coal futures market has the most influence?