--- title: "Understanding the Market | Copper stocks collectively decline as copper prices are under pressure amid interest rate hike expectations; institutions indicate a repeated game between industrial and financial attributes" type: "News" locale: "en" url: "https://longbridge.com/en/news/286844941.md" description: "Copper stocks collectively declined. As of the time of publication, MMG fell 4.65% to HKD 8.81; CHINFMINING dropped 4.44% to HKD 13.14; JIANGXI COPPER fell 3.39% to HKD 34.72; ZIJIN MINING decreased 2.91% to HKD 33.42. On the news front, the U.S. inflation data for April exceeded expectations, leading to increased interest rate hike expectations from the Federal Reserve. Concerns about the market's direction under the new leadership of Waller regarding the balance sheet reduction policy, along with rising U.S. Treasury yields and the U.S. dollar index, are putting pressure on copper prices at the macro level. Additionally, copper inventories at the three major global exchanges remain high, with COMEX copper inventories reaching a new historical high. Founder Securities pointed out that the industry's supply tightness pattern is basically confirmed, and they are optimistic about the strong fundamentals in the short to medium term continuing to push up the price center. Before the ongoing U.S.-Iran conflict and clearer Federal Reserve policies, copper prices may continue to be in a repeated game of industrial and financial attributes. However, a significant divergence has appeared between commodity prices and stock price trends at the equity level, and increased volatility in the sector may present layout opportunities. It is recommended to pay attention to investment opportunities in the copper sector" datetime: "2026-05-19T02:41:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286844941.md) - [en](https://longbridge.com/en/news/286844941.md) - [zh-HK](https://longbridge.com/zh-HK/news/286844941.md) --- # Understanding the Market | Copper stocks collectively decline as copper prices are under pressure amid interest rate hike expectations; institutions indicate a repeated game between industrial and financial attributes According to Zhitong Finance APP, copper stocks collectively declined. As of the time of writing, MMG (01208) fell by 4.65% to HKD 8.81; CHINFMINING (01258) dropped by 4.44% to HKD 13.14; JIANGXI COPPER (00358) decreased by 3.39% to HKD 34.72; ZIJIN MINING (02899) fell by 2.91% to HKD 33.42. On the news front, the U.S. inflation data for April exceeded expectations, leading to increased interest rate hike expectations from the Federal Reserve. Concerns about the market's direction regarding the balance sheet reduction policy have emerged with the appointment of Waller, while U.S. Treasury yields and the dollar index continue to rise, putting downward pressure on copper prices at the macro level. Additionally, copper inventories at the three major global exchanges remain high, with COMEX copper inventories reaching a record high. Fangzheng Securities pointed out that the industry's supply tightness has been basically confirmed, and they are optimistic that the strong fundamentals in the short to medium term will continue to push up the price center. Before the ongoing U.S.-Iran conflict and clearer Federal Reserve policies, copper prices may continue to fluctuate between industrial and financial attributes. However, a significant divergence has appeared between commodity prices and stock price trends at the equity level, and increased volatility in the sector may present layout opportunities. 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