On June 4, China Nonferrous Mining fell 3.37% in regular trading, trading at HK$14.88/share, with trading volume of HK$29.15 million.
On the news front, the decline was driven by multiple headwinds converging on the copper sector. At the macro level, the probability of a Fed 25-basis-point rate hike in December has risen to 42.5%, while newly inaugurated Fed Chair Warsh has shifted global central bank policy orientation toward a hawkish wait-and-see stance, persistently suppressing copper price upside. On the demand side, weekly utilization rates for electrolytic copper rod previously declined 1.54 percentage points on a week-over-week basis, with short-term demand weakness yet to show meaningful improvement.
The broader copper sector continued its sell-off, with peers Jinxun Resource falling 4.16% and Jiangxi Copper declining 3.7%, reflecting a sector-wide downturn that collectively weighed on copper mining equities.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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