According to Zhitong Finance APP, copper stocks have collectively rebounded. As of the time of writing, China Nonferrous Mining (01258) rose by 4.91% to HKD 5.34; MMG (01208) rose by 3.79% to HKD 2.74; Zijin Mining (02899) rose by 3.59% to HKD 15; JIANGXI COPPER (00358) rose by 3.03% to HKD 12.92.
In terms of news, data released by the U.S. Bureau of Labor Statistics on January 15 showed that the U.S. CPI for December 2024 increased by 2.9% year-on-year, in line with market expectations of 2.9%, and the previous value was 2.7%; the core CPI rose by 3.2% year-on-year, lower than the market expectation of 3.3%, with the previous value also at 3.3%. The year-on-year increase in the U.S. CPI for December 2024 continued to rebound, but the year-on-year increase in the core CPI showed a decline. Following the data release, the U.S. dollar index fell sharply.
Everbright Futures pointed out that although U.S. inflation has warmed up, the Federal Reserve is more concerned about the cooling of core inflation, and market bets on interest rate cuts by the Federal Reserve have increased. The market expects that uncertainty will gradually disappear after Trump takes office, and the impact of inflation may also gradually release signals for a gradual increase in tariffs. Therefore, the market overall holds an optimistic view, expecting copper prices to fluctuate strongly before the holiday, but the extent is still expected to be limited, and overall, it has not escaped the fluctuation range since December last year

601899

02899

600362

00358

01258

01208

Copper stocks collectively rebounded, with China Nonferrous Mining rising 4.91%, MMG rising 3.79%, Zijin Mining rising 3.59%, and JCCL rising 3.03%. The U.S. CPI data showed a rebound in inflation, but core CPI fell, leading to a decline in the U.S. dollar index. Market expectations for a Federal Reserve interest rate cut have warmed, with an overall optimistic outlook. It is expected that copper prices will fluctuate strongly before the holiday, but the extent will be limited, remaining within the fluctuation range

- Copper stocks in China have shown a collective rebound, with notable increases in companies such as China Nonferrous Mining and Jiangxi Copper.  
- The U.S. Bureau of Labor Statistics reported a 2.9% year-on-year increase in the Consumer Price Index (CPI) for December 2024, aligning with market expectations, while core CPI rose 3.2%, slightly below forecasts.  
- Following the data release, the U.S. dollar index fell, and market sentiment turned optimistic regarding copper prices, although fluctuations are expected to remain limited within the established range since December 2023.

Zhitong

Zijin Mining

ZIJIN MINING

JCCL

JIANGXI COPPER

CHINFMINING

Phunware

Trump Media & Tech

Trump Media & Tech - CW28

Understanding the Market | Copper stocks collectively rebound as market bets on Federal Reserve rate cuts heat up; copper prices may fluctuate with a slight upward trend before the holiday