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Hong Kong stocks saw unusual volatility | Copper stocks continued to decline, with the New York copper futures main contract hitting a new low. Goldman Sachs warned that oversupply will depress copper prices in the short term.
Copper shares continued to decline. As of press time, Chinfmining (01258) fell 4.97% to HKD 5.16; MMG (01208) fell 3.26% to HKD 2.67; Jiangxi Copper (00358) fell 3.05% to HKD 13.98.
"Continued Deterioration"! Goldman Sachs warns that overcapacity will depress copper prices in the short term
Goldman Sachs analysts pointed out that China's exports of cathode copper hit a new high in June, but inventories increased and there was a headwind on the demand side. At the same time, the increase in supply in Africa, the supply growth of Congo and Zambia has been underestimated.
Hong Kong stock concept tracking | Metal sector is the big winner in the first half of the year! Institutions: The long-term trend of precious metals and non-ferrous commodities is still bullish. (Attached concept stock)
Recently, the industrial metals sector has successively disclosed its half-year performance forecasts.
China Nonferrous Mining's Affiliate Kambove Mining SAS Starts Work on MSESA Mine
China Nonferrous Mining's (HKG:1258) said Kambove Mining SAS has started working on the open pit water drainage and sludging project in the MSESA mine, a Wednesday filing with the Hong Kong Exchange
Chinfmining (01258): The launch of the Gabonese Manganese and Iron Ore Mining Project (MSESA).
Chinfmining (01258) announced that its affiliated company Gangbuofu Mining Co., Ltd. recently...
HK stocks fluctuate | Copper stocks continue to decline, with oversupply and weak demand weighing on copper prices.
Copper stocks continue to decline. As of press time, MMG (01208) fell 7.19% to HKD 2.84; Jiangxi Copper (00358) fell 6.39% to HKD 14.64; Chinfmining (01258) fell 5.95% to HKD 5.69.
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