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Calculating The Fair Value Of Jiangxi Copper Company Limited (HKG:358)
Nonferrous metals sector generally rose, with Chinahongqiao (01378) rising 5.75%. In July, prices for nonferrous metal materials increased by 11.3%.
Jingu financial news | The nonferrous metals sector rose across the board, with China Hongqiao (01378) up 5.75%, Luoyang Molybdenum (03993) up 4.25%, Aluminum Corporation of China (02600) up 4.08%, Zijin Mining Group (02899) up 3.35%, and Jiangxi Copper (00358) up 3.1%. On the news front, data from the National Bureau of Statistics showed that in July 2024, the producer prices for industrial products fell by 0.8% year-on-year and 0.2% month-on-month. Among them, prices in the black metal smelting and rolling processing industry fell 3.7%, while prices in the nonferrous metal smelting and rolling processing industry rose.
Jiangxi Copper Faces Regulatory Warning
Express News | Jiangxi Copper - Controlling Shareholder Received Decision Issued by Shandong Regulatory Bureau of China Securities Regulatory Commission
The controlling shareholder of Jiangxi Copper (600362.SH) received a warning letter from the Shandong Securities Regulatory Bureau.
Jiangxi Copper (600362.SH) announced that its controlling shareholder, Jiangxi Copper Group Co., Ltd. (hereinafter referred to as...
HK Stocks Movement: Non-ferrous metal stocks plummeted in early trading, and it will still take time for domestic policies to be transmitted. The overseas macro game has intensified.
Non-ferrous metal stocks fell sharply in the morning. As of the time of writing, Aluminum Corporation of China (2600) fell 4.29% to HK$4.24; CMOC Group Limited (3993) fell 3.63% to HK$6.11; Zijin Mining Group (2899) fell 3.39% to HK$15.4; Jiangxi Copper (358) fell 3.45% to HK$13.44.
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