Glonghui, March 14 | Driven by a sharp rise in copper prices, Jinchuan International (2362.HK), which recently had a strong performance, strengthened again today. At one point, it surged nearly 15% to HK$0.86. The stock price hit a record high since July 2022; in the end, it closed 12% to HK$0.84. Jinchuan International has accumulated a cumulative increase of 30% during the year. LME copper surged 3% yesterday and continued to rise in the intraday market today, reaching a high of 8976.5 US dollars, a new high since April 2023. Regarding the subsequent trend in copper prices, some analysts pointed out that from a fundamental point of view, there have been frequent disturbances in the supply-side established copper-producing countries, mainly Chile and Peru, since this year. The copper disturbance rate is at an all-time high, and copper supply continues to fall below expectations; smelter losses continue to expand, and expectations for production cuts are heating up. On the demand side, the share of demand for new energy sources continues to rise. Demand for clean energy copper is expected to hedge against the decline in the growth rate of real estate demand in China and reduce fluctuations in terminal copper demand; the restructuring of the global supply chain is expected to activate rapid growth in infrastructure and copper demand in Southeast Asia; PMI data continues to rise. It is expected that the inventory cycle may have already started, and the recovery in manufacturing demand will support the recovery in copper demand. At the same time, the Federal Reserve's interest rate cut transaction has already begun. Copper is a type with strong financial attributes. Against the backdrop of a tight balance between supply and demand, copper prices are expected to benefit from a marginal increase in the liquidity of the US dollar.