[Copper Price] Copper prices hit new highs, delivery orders surge. Positive outlook on mining stocks, consider subscribing to Jiangxi Copper warrants 23853/Zijin warrants 21895

Recently, the surge in copper extraction orders at the London Metal Exchange (LME) warehouses has deepened market concerns about supply. Initially, the market was worried that potential tariffs imposed by the United States could affect global copper supply. At the same time, copper is a critical industrial metal, and disruptions in its supply chain could have widespread impacts on global manufacturing. The demand for copper continues to rise, particularly in areas such as electricity and electronics, exacerbating the supply-demand imbalance. Jiangxi Copper's stock price also rose nearly 3% this morning against the backdrop of international copper prices, and investors may consider Jiangxi Copper call warrants (23853), with an exercise price of HKD 50, expiring in April 2026, with an actual leverage of 5.3 times. Another mining stock to consider for a good position is Zijin call warrants (21895), with an exercise price of HKD 48.62, expiring in April 2026, with an actual leverage of 6.3 times.

This structured product is not secured, and if the issuer is unable to repay or defaults, investors may not recover part or all of the receivables.

This article is issued by HSBC Holdings plc (the "Bank" or "Issuer") (including any reference terms) for reference only and does not constitute an offer, solicitation, or recommendation to sell or purchase structured products.

Structured products are complex products, and investors must act prudently in this regard. Unless investors fully understand and are willing to bear the risks involved, they should not invest in this product. The prices of structured products can rise or fall sharply, and investors may lose all or a substantial part of their investment. Past performance does not reflect future performance. Before investing, investors should understand the nature and risks of structured products, and carefully read the relevant offering documents to independently determine whether they are suitable for themselves, and seek professional advice if needed. The Bank and its appointed liquidity providers may be the only market participants for structured products, and the secondary market for structured products may be limited. Please note that bull and bear certificates have a mandatory redemption mechanism, which may lead to early termination. In this case, (i) investors in N-type bull and bear certificates will lose their entire investment in the certificates; and (ii) the remaining value of R-type bull and bear certificates may be zero.

Trading structured products linked to U.S. indices may carry additional risks, including: (a) risks related to differences in trading days and trading hours; (b) limited public information regarding the index, or lack of a Chinese version; (c) political and economic risks related to the index (e.g., the United States); (d) exchange rate risks; (e) potential settlement delays; (f) publication of index levels when there is no trading in constituent stocks; and (g) mandatory redemption events for U.S. index bull and bear certificates occurring during non-trading hours.

The author is a licensed person under the Monetary Authority and the Securities and Futures Commission and holds no direct or indirect interests in structured products or related assets.

Information / Use

Unless otherwise specified, the information in this article is provided by the Bank to Hong Kong residents ("Hong Kong Residents") for financial, market, or other information and data ("Information") established, operated, and/or maintained by the Bank. Non-Hong Kong residents should not rely on or make any decisions based on the information in this article. If you are not a Hong Kong resident and use this article, you may violate laws applicable to you. The Bank and all HSBC Group companies disclaim all and any liability for your use of the article as a non-Hong Kong resident "HSBC Holdings plc" refers to HSBC Holdings Limited and any subsidiaries or affiliated companies