--- title: "Understanding the Market | Non-ferrous Stocks Extend Afternoon Declines Under Dual Impact of Macroeconomics and Geopolitics, Dollar Returns to 100 Threshold Pressuring Non-ferrous Metals" type: "News" locale: "en" url: "https://longbridge.com/en/news/279729420.md" description: "The afternoon decline of non-ferrous stocks has widened. As of the time of writing, Lingbao Gold has dropped 10.47%, trading at HKD 24.62; Zijin Gold International has fallen 9.02%, trading at HKD 167.4; China Nonferrous Mining has decreased 8.24%, trading at HKD 11.25; Aluminum Corporation of China has declined 6.39%, trading at HKD 11.57; and Luoyang Molybdenum has decreased 5.38%, trading at HKD 17.6. On the news front, energy infrastructure in the Middle East has been hit, February PPI data has far exceeded expectations, inflationary pressures are rising, and combined with the Federal Reserve's hawkish signals, expectations for interest rate cuts this year have diminished, with the dollar returning above the 100 mark. Huatai Futures believes that the sustained rise in oil prices has intensified the market's recession trading. Shenwan Hongyuan stated that the recent escalation of geopolitical tensions in the Middle East, rising energy prices, concerns about stagflation, and high asset volatility have put overall pressure on the sector. Under the long-term drive of de-globalization, the logic from precious metals, bulk commodities to strategic minor metals has entered a new paradigm, and the non-ferrous sector will continue to rise, with short-term volatility providing good opportunities for allocation this year" datetime: "2026-03-19T06:25:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279729420.md) - [en](https://longbridge.com/en/news/279729420.md) - [zh-HK](https://longbridge.com/zh-HK/news/279729420.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279729420.md) | [繁體中文](https://longbridge.com/zh-HK/news/279729420.md) # Understanding the Market | Non-ferrous Stocks Extend Afternoon Declines Under Dual Impact of Macroeconomics and Geopolitics, Dollar Returns to 100 Threshold Pressuring Non-ferrous Metals According to Zhitong Finance APP, the decline of non-ferrous stocks has widened in the afternoon. As of the time of publication, Lingbao Gold (03330) fell by 10.47% to HKD 24.62; Zijin Gold International (02259) fell by 9.02% to HKD 167.4; China Nonferrous Mining (01258) fell by 8.24% to HKD 11.25; Aluminum Corporation of China (02600) fell by 6.39% to HKD 11.57; and Luoyang Molybdenum (03993) fell by 5.38% to HKD 17.6. On the news front, energy infrastructure in the Middle East has been hit, with February PPI data far exceeding expectations and inflationary pressures rising. Coupled with the Federal Reserve's hawkish signals reducing expectations for interest rate cuts this year, the dollar has returned above the 100 mark. Huatai Futures believes that the continued rise in oil prices has intensified the market's recession trading. Shenwan Hongyuan stated that the recent escalation of geopolitical tensions in the Middle East and rising energy prices, along with concerns about stagflation and high asset volatility, have put overall pressure on the sector. Under the long-term drive of de-globalization, the logic from precious metals, bulk commodities to strategic minor metals has entered a new paradigm, and the non-ferrous sector will continue to rise, with short-term volatility providing good opportunities for allocation this year ### Related Stocks - [VanEck Junior Gold Miners ETF (GDXJ.US)](https://longbridge.com/en/quote/GDXJ.US.md) - [CHINFMINING (01258.HK)](https://longbridge.com/en/quote/01258.HK.md) - [ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF (516650.CN)](https://longbridge.com/en/quote/516650.CN.md) - [EFUND GOLD MI-U (09824.HK)](https://longbridge.com/en/quote/09824.HK.md) - [VanEck Gold Miners ETF (GDX.US)](https://longbridge.com/en/quote/GDX.US.md) - [Penghua Guozheng Non-ferrous Metal Industry ETF (159880.CN)](https://longbridge.com/en/quote/159880.CN.md) - [Kinross Gold Corporation (KGC.US)](https://longbridge.com/en/quote/KGC.US.md) - [Global X Copper Miners ETF (COPX.US)](https://longbridge.com/en/quote/COPX.US.md) - [Themes Copper Miners ETF (COPA.US)](https://longbridge.com/en/quote/COPA.US.md) - [CDAYENONFER (00661.HK)](https://longbridge.com/en/quote/00661.HK.md) - [ChinaAMC Gold ETF (518850.CN)](https://longbridge.com/en/quote/518850.CN.md) - [iShares Gold Trust (IAU.US)](https://longbridge.com/en/quote/IAU.US.md) - [ZIJIN MINING (02899.HK)](https://longbridge.com/en/quote/02899.HK.md) - [Stt Strt®SPDR®S&P®Mtls &MngETF (XME.US)](https://longbridge.com/en/quote/XME.US.md) - [CHALCO (601600.CN)](https://longbridge.com/en/quote/601600.CN.md) - [Zijin Mining (601899.CN)](https://longbridge.com/en/quote/601899.CN.md) - [iShares MSCI Global Mtls&Mng Prdcrs ETF (PICK.US)](https://longbridge.com/en/quote/PICK.US.md) - [NFC (000758.CN)](https://longbridge.com/en/quote/000758.CN.md) - [LINGBAO GOLD (03330.HK)](https://longbridge.com/en/quote/03330.HK.md) - [ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF (159562.CN)](https://longbridge.com/en/quote/159562.CN.md) - [Sprott Junior Gold Miners ETF (SGDJ.US)](https://longbridge.com/en/quote/SGDJ.US.md) - [CHALCO (02600.HK)](https://longbridge.com/en/quote/02600.HK.md) - [ZHONGJIN GOLD (600489.CN)](https://longbridge.com/en/quote/600489.CN.md) - [US Global GO GOLD and Prec Mtl Mnrs ETF (GOAU.US)](https://longbridge.com/en/quote/GOAU.US.md) - [Agnico Eagle Mines Limited (AEM.US)](https://longbridge.com/en/quote/AEM.US.md) - [abrdn Physical PrecMtlBsk Shrs ETF (GLTR.US)](https://longbridge.com/en/quote/GLTR.US.md) - [China Southern CSI SWS Non-Ferrous Metal ETF (512400.CN)](https://longbridge.com/en/quote/512400.CN.md) - [Yinhua CSI Non-ferrous Metal ETF (159871.CN)](https://longbridge.com/en/quote/159871.CN.md) - [iShares MSCI Global Gold Miners ETF (RING.US)](https://longbridge.com/en/quote/RING.US.md) - [Global X Gold Explorers ETF (GOEX.US)](https://longbridge.com/en/quote/GOEX.US.md) ## Related News & Research - [Klondike Gold (CVE:KG) Trading Down 6.4% - Time to Sell?](https://longbridge.com/en/news/279651800.md) - [Stakeholder Gold Closes Two Tranches of Flow-Through Financing | SKHRF Stock News](https://longbridge.com/en/news/279845301.md) - [Eagle Plains and Refined Energy Advance First Drilling at Dufferin West Uranium Project](https://longbridge.com/en/news/279470220.md) - [Orla Mining Non-GAAP EPS of $0.42 beats by $0.08, revenue of $378.5M beats by $90.5M](https://longbridge.com/en/news/279853608.md) - [Advanced Gold Exploration Retains Market Maker Services | AUHIF Stock News](https://longbridge.com/en/news/279461450.md)