Metal stocks rise in the morning session, JCCL and CHALCO up over 3%

Hong Kong-listed metal stocks rose in the morning session, with Jiangxi Copper (00358.HK) and Minmetals Resources (01208.HK) up 3.4% and 2.6%, respectively. Hongqiao (01378.HK) and Luoyang Molybdenum (03993.HK) rose 2.1% and 2.7%, while Chalco (02600.HK) increased by 3.8%. Zijin Mining (02899.HK), involved in copper business, also rose by 1.6%.

On the news front, Reuters reported that Swiss commodity trader Mercuria has issued a notice to withdraw over 40,000 tons of copper from the London Metal Exchange (LME) Asian warehouses, valued at approximately USD 460 million at current prices. The market is paying attention to the approaching futures settlement date, which may lead to a "short squeeze." Additionally, in the face of the U.S. threat to impose tariffs on copper, spot copper is flowing from the LME system to the U.S