The Zhitong Finance App learned that copper stocks generally rose in early trading. As of press release, China's non-ferrous mining industry (01258) rose 4.68% to HK$6.48; Luoyang Molybdenum (03993) rose 3.74% to HK$6.65; Minmetals Resources (01208) rose 1.32% to HK$7.41; and Zijin Mining (02899) rose 0.91% to HK$15.48.

According to the news, according to the business news agency's commodity market analysis system, copper prices have advanced rapidly since the beginning of March. Prices soared by more than 70,000, then soared higher and fell in late March. At the beginning of the month, the price of copper was 68,803.33 yuan/ton. At the end of the month, the price of copper rose to 71,925 yuan/ton. The overall increase was 4.54%, up 4.59% year on year.

The Chamber of Commerce said that from a comprehensive perspective, due to the combined effects of multiple factors at home and abroad, copper prices remained high, and the industrial economy also showed a positive development trend. However, the real estate market, which is the second-largest downstream pillar, is sluggish, and demand is not strong enough. Downstream fears are also serious; they only use low-priced supplies to suppress copper prices. Liu Mei, an analyst at the Business News Agency, predicts that short-term high copper price fluctuations will be the main cause.