According to Zhitong Finance APP, the decline of nonferrous stocks has widened. As of the time of writing, LINGBAO GOLD (03330) is down 5.42%, trading at 2.79 HKD; GANFENGLITHIUM (01772) is down 4.42%, trading at 21.6 HKD; CMOC Group Limited (03993) is down 4.26%, trading at 5.62 HKD; Aluminum Corporation Of China (02600) is down 3.8%, trading at 4.56 HKD; JIANGXI COPPER (00358) is down 1.22%, trading at 12.98 HKD.

On the news front, on December 13, the USD surpassed 107. Market analysis previously pointed out that the Nonferrous Metals Sector mainly follows macro fluctuations. Trump's high tariffs and other policy proposals have raised market concerns, leading to a significant rise in the USD, which greatly suppresses the Nonferrous Metals Sector. Ping An Securities noted that in 2024, nonferrous metals have entered a phase of high volatility, with pricing main lines and core variables undergoing varying degrees of change. The firm believes that 2025 will still be a year of ongoing core contradictions for various varieties: the monetary attributes of Precious Metals continue to rise; the supply of multiple Industrial Metals is becoming increasingly constrained; the bottom range for Energy Metals has been established. It is recommended to focus on clear main lines, high certainty, and segments that are at the bottom range where marginal improvements are likely to bring substantial elasticity.