According to the Securities Times APP, copper stocks generally rose. As of the time of publication, MMG (01208) rose by 4.48% to HK$2.8; Chinagoldintl (02099) rose by 3.63% to HK$38.5; Chinfmining (01258) rose by 1.58% to HK$5.79; Jiangxi Copper (00358) rose by 0.69% to HK$14.54.

On the news front, according to the Shanghai Securities News, Shanghai Ganglian E-commerce Holdings data shows that starting from June, domestic electrolytic copper spot inventories have begun to decline, and downstream consumption is gradually recovering. Zhao Kaixi, a nonferrous metals analyst at Copper Crown Bull Source Futures, believes that this year, downstream copper consumption is showing the characteristic of an early peak season arrival and delayed end. Since September, domestic copper downstream consumption has gradually improved. Although there was a slight rebound in inventory after the National Day holiday, the peak consumption expectations of 'Golden September and Silver October' will drive domestic copper into a low inventory state.

Citi research team expressed optimism about the medium-term trends of copper and aluminum, and expect buying opportunities in the first half of 2025. Citi analysts have lowered the copper price target for the next 3 months to $9,500 per ton, below the previous expectation of $10,500 per ton, but they are bullish on the copper price for the next 6 to 12 months, reaching $11,000 per ton.