--- title: "Understanding the Market | Non-ferrous stocks lead the decline, inflation expectations rebound driven by energy prices, non-ferrous metals under overall pressure" type: "News" locale: "en" url: "https://longbridge.com/en/news/284675402.md" description: "The non-ferrous stocks fell sharply. As of the time of publication, MMG dropped 4.37%, trading at HKD 8.32; JIANGXI COPPER fell 4.19%, trading at HKD 37.08; CHALCO decreased by 3.37%, trading at HKD 11.48; and CMOC declined by 2.41%, trading at HKD 17.83. On the news front, the Federal Reserve announced the April FOMC interest rate decision, with the rate expected to remain unchanged, but Powell may release hawkish signals, suggesting that rate cuts are basically off the table for this year. Additionally, on Wednesday, international oil prices surged across the board. Due to the situation in Iran and high oil prices, inflation risks are being reassessed, and the US dollar index remains strong, putting overall pressure on non-ferrous metals. Huabao Futures pointed out that the US economy shows resilience in manufacturing, a slowdown in high service sector activity, a moderate cooling in employment, and inflation rebounding driven by energy prices. The Federal Reserve's policy is caught in a dual constraint of stabilizing growth and combating inflation, with expectations for rate cuts significantly delayed. In the Eurozone, growth momentum is slowing, inflation has rebounded significantly, and internal economic divergence is intensifying, leading the European Central Bank to maintain a wait-and-see approach on high interest rates, while global demand remains weak and external uncertainties continue to rise" datetime: "2026-04-30T01:56:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284675402.md) - [en](https://longbridge.com/en/news/284675402.md) - [zh-HK](https://longbridge.com/zh-HK/news/284675402.md) --- # Understanding the Market | Non-ferrous stocks lead the decline, inflation expectations rebound driven by energy prices, non-ferrous metals under overall pressure According to Zhitong Finance APP, non-ferrous stocks are among the biggest losers. As of the time of publication, MMG (01208) is down 4.37%, trading at HKD 8.32; JIANGXI COPPER (00358) is down 4.19%, trading at HKD 37.08; CHALCO (02600) is down 3.37%, trading at HKD 11.48; and CMOC (03993) is down 2.41%, trading at HKD 17.83. In terms of news, the Federal Reserve announced the April FOMC interest rate decision, which is expected to remain unchanged, but Powell may release hawkish signals, suggesting that rate cuts are basically off the table for this year. Additionally, on Wednesday, international oil prices surged across the board. Due to the situation in Iran and high oil prices, inflation risks are being reassessed, and the US dollar index remains strong, putting overall pressure on non-ferrous metals. Huabao Futures pointed out that the US economy shows resilience in manufacturing, a slowdown in high service sector activity, a moderate cooling in employment, and inflation rebounding driven by energy prices. The Federal Reserve's policy is caught in a dual constraint of stabilizing growth and combating inflation, significantly delaying rate cut expectations. In the Eurozone, growth momentum is slowing, inflation is significantly rebounding, internal economic divergence is intensifying, and the European Central Bank maintains a high interest rate stance while observing. Global demand remains weak, and external uncertainties continue to rise ### Related Stocks - [03993.HK](https://longbridge.com/en/quote/03993.HK.md) - [601600.CN](https://longbridge.com/en/quote/601600.CN.md) - [00358.HK](https://longbridge.com/en/quote/00358.HK.md) - [600362.CN](https://longbridge.com/en/quote/600362.CN.md) - [01208.HK](https://longbridge.com/en/quote/01208.HK.md) - [02600.HK](https://longbridge.com/en/quote/02600.HK.md) - [603993.CN](https://longbridge.com/en/quote/603993.CN.md) ## Related News & Research - [Jiangxi Copper Sets June 2026 AGM to Approve 2025 Results and Dividend](https://longbridge.com/en/news/284586738.md) - [New Buy Rating for CMOC Group (CMCLF), the Basic Materials Giant](https://longbridge.com/en/news/284288286.md) - [CMOC Group Updates 2025 Final Dividend Details and Tax Arrangements](https://longbridge.com/en/news/284412109.md) - [Karoline Leavitt’s gas price claims spark debate over context and accuracy](https://longbridge.com/en/news/284116600.md) - [Citi Sticks to Their Buy Rating for Aluminum of China (ALMMF)](https://longbridge.com/en/news/284064532.md)