Non-ferrous stocks continue to fall. As of the time of publication, Aluminum Corporation of China (02600) fell by 8.01%, to HK$5.05; JL Mag Rare-Earth (06680) fell by 7.72%, to HK$9.09; CMOC Group Limited (03993) fell by 6.54%, to HK$6.14.
According to the Securities Times app, non-ferrous stocks continue to decline. As of the time of publication, Aluminum Corporation of China (02600) fell by 8.01%, to HK$5.05; JL Mag Rare-Earth (06680) fell by 7.72%, to HK$9.09; CMOC Group Limited (03993) fell by 6.54%, to HK$6.14; Zijin Mining Group (02899) fell by 4.8%, to HK$15.06; Jiangxi Copper (00358) fell by 3.43%, to HK$12.96.
On the news side, Trump's victory in the election led to a continuous strengthening of the US dollar, causing volatility in commodity prices. Copper, gold, and other nonferrous metals have all experienced short-term corrections. Currently, the US Dollar Index has broken through the 105 level, reaching a four-month high. China Youzheng Securities believes that market concerns about US tax cuts and high tariffs are leading to investment inflows into the USA, while expectations of import restrictions are strengthening the dollar, and showing weakness in gold and silver. Dongguan Securities pointed out that expectations of a shortage in supply of metals like copper and aluminum persist, but industrial metal consumption in the peak season is slightly insufficient, focusing on further efforts in national policies and downstream enterprises' stocking situation.
