UBJIANC@EC2604A

Jiangxi Copper Signs Three-Year Mutual Supply Agreement with JCC International Trade

Jiangxi Copper's Subsidiary Renewed Mutual Guarantee Agreement

Jiangxi Copper Plans to Issue Debt Financing Instruments Worth 2.5 Billion Yuan

Jiangxi Copper Signs Cooperation Framework Agreement with China Ordnance Industry Material Group

Jiangxi Copper's subsidiary signs investment option agreement with First Quantum

Jiangtong Fengkan to Invest $6.5 Million in Lakeside for 14.9% Equity and Related Debts

JPMorgan Upgrades Jiangxi Copper's A-Share Rating to Neutral

Jiangxi Copper Signs Financing Lease Cooperation Framework Agreement with Shenzhen Jiang Copper Financial Leasing

Jiangxi Copper Hong Kong Investment to Make All-Cash Acquisition of SolGold

Jiangxi Copper Acquires Approximately 5.24% of SolGold PLC Shares

Jiangxi Copper Plans to Acquire SolGold with a Deal Value Up to 867 Million Pounds

SolGold to be acquired by Jiangxi Copper

Morgan Stanley Maintains Buy Rating for Jiangxi Copper

Citi Raises Jiangxi Copper's Target Price by Over 40%

Jiangxi Copper Raises Offer for SolGold to $1.13 Billion

Jiangxi Copper Raises Offer Price Per Share for SolGold

Jiangxi Copper's Third Offer to Acquire SolGold

Jiangxi Copper Offers 28 Pence Per Share for SolGold

JPMorgan Analyst Maintains Sell Rating on Jiangxi Copper

Jiangxi Copper's $1B Acquisition Offer for SolGold Rejected, Stock Price Rises

ASIAPAC FIN INV

CANOPY SKYFIRE

ITE HOLDINGS

SV VISION

FANGZHOU JIANKE

TAKBO GROUP

ALCO HOLDINGS

CAPITAL VC RTS

CINESE INTL

CPER

COPX

600362

ICOP

SCCO

COPP

COPJ

Copper prices have dropped nearly 9% recently, reflecting weak demand and rising stockpiles, according to analysts. The surge to record highs was deemed unsustainable, with prices needing to fall below $11,000 per ton to align with fundamentals. Factors such as U.S. tariffs, trade wars, and the upcoming Lunar New Year holiday in China are contributing to the decline. Despite expectations of a deeper market deficit, analysts believe the market is not historically out of balance, and current prices do not support copper's value.

Reuters

United States Copper Index

Freeport Mcmoran

Teck Resources B

Global X Copper Miners

JCCL

iShares Copper and Metals Mining ETF

Rio Tinto

ERO Copper

Southern Copper

Sprott Copper Miners ETF

Sprott Junior Copper Miners ETF

Copper's slide from record reflects reality of weak demand, rising stocks, analysts say

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MINIMAX-WP(00100) rose 10.68%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 217.3%. SANDS CHINA LTD(01928) rose 4.05%, with a trading turnover 775.9 Million HKD, and a year-to-date fell 9.6%. SD GOLD(01787) fell 12.56%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 11.8%. HUA HONG SEMI(01347) fell 11.24%, with a trading turnover 4.9 Billion HKD, and a year-to-date rose 39.2%.

Top Gainers & Losers

MINIMAX-WP

SANDS CHINA LTD

FAST RETAIL-DRS

HAITIAN FLAV

LENOVO GROUP

SD GOLD

HUA HONG SEMI

GIGADEVICE

JIANGXI COPPER

ZHAOJIN MINING

Top 5 HK Stock Gainers/Losers (>100B) (2.2)

JIANGXI COPPER fell 11.17%; China Nonferrous Mining fell 9.55%, with a transaction amount of HKD 342 million; China Daye Nonferrous Metals fell 15.79%, with a transaction amount of HKD 33.01 million; Jinxun Resources fell 7.07%, with a transaction amount of HKD 19.7 million; China Metal Resources fell 12.90%, with a market value of HKD 242 million

HK Stock Movers Tracker

Hong Kong stock movement: JIANGXI COPPER fell 11.17%, AI stocks plummeted triggering capital withdrawal, copper prices under pressure!

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CATL(03750) rose 2.85%, with a trading turnover 2.2 Billion HKD, and a year-to-date fell 2.9%. CHINA SOUTH AIR(01055) rose 2.83%, with a trading turnover 95.8 Million HKD, and a year-to-date rose 0%. SD GOLD(01787) fell 14.31%, with a trading turnover 1.8 Billion HKD, and a year-to-date rose 27.9%. GANFENGLITHIUM(01772) fell 10.9%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 16.5%.

CATL

CHINA SOUTH AIR

CHINA EAST AIR

CHINA RES MIXC

WEICHAI POWER

GANFENGLITHIUM

ZIJIN GOLD INTL

CSPC PHARMA

Top 5 HK Stock Gainers/Losers (>100B) (1.30)

JIANGXI COPPER fell 10.53%; China Nonferrous Mining fell 11.35%, with a transaction amount of HKD 443 million; China Daye Nonferrous Metals fell 6.44%, with a transaction amount of HKD 18.96 million; China Metal Resources had a transaction amount of HKD 19.8 million; Jinchuan International's market value reached HKD 8.405 billion

Hong Kong stock movement: JIANGXI COPPER falls over 10%: AI stocks plummet dragging down copper prices, market sentiment cautious

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Gold prices fluctuated nearly 10% overnight, and copper prices fell 6% after reaching historical highs, leading to a setback for metal stocks. Jiangxi Copper's stock price plummeted nearly 10%, and investors may pay attention to Jiangxi Copper's call options. Zijin's stock price dropped nearly 9% this morning due to its acquisition of a Canadian mining project for CAD 5.5 billion, and investors may focus on Zijin's call options. Gold prices have risen nearly 20% since early 2026, and investors who are bearish may consider Zijin's put options

𣾀豐輪證點評

ZIJIN MINING

Zijin Mining

[Metals] Gold prices fluctuated nearly 10% overnight, and metal stock prices were hit this morning. For rebounds, pay attention to Zijin Purchase 21895/Zijin Gold Purchase 24669/Jiangxi Copper Purchase 24214

In the past hour, the Hong Kong stock market has shown a clear divergence, with significant fluctuations in stocks mainly concentrated in the cultural, financial, and resource sectors. The strong rise of ALLEGRO CULTURE has attracted considerable capital inflow, significantly boosting short-term enthusiasm and driving PAK TAK INT'L and ZIJING INTL FIN to follow suit. Meanwhile, lithium battery and gold-related stocks have faced substantial selling pressure, with GANFENGLITHIUM and CSPC PHARMA experiencing noticeable declines, reflecting cautious market sentiment and a shift in capital preferences. 

The stock with the largest movement in the past hour, ALLEGRO CULTURE, surged 22.81% in a short period, indicating strong market demand, rapid capital inflow, and heightened short-term sentiment, suggesting potential for further expansion. The strong performance of this stock has also activated related cultural sectors, attracting more investor attention. 

Strong stocks:
1. PAK TAK INT'L: Up 17.31%, rapidly attracting short-term capital inflow driven by ALLEGRO CULTURE, demonstrating a strong follow-up effect.
2. ZIJING INTL FIN: Up 17.28%, influenced by market sentiment, with noticeable capital inflow and increased activity in the short term.
3. GANFENGLITHIUM: Despite facing downward pressure, there are still attempts to bottom-fish in the short term, with significant volatility.
4. CSPC PHARMA: Down 11.41%, with weakened market sentiment and noticeable capital outflow, leading to a decline in short-term enthusiasm.
5. CHIFENG GOLD: Down 10.77%, significantly pressured against the backdrop of gold price fluctuations, lacking support in the short term

ALLEGRO CULTURE

PAK TAK INT'L

ZIJING INTL FIN

CHIFENG GOLD

CHALCO

E&P GLOBAL

TIANQI LITHIUM

UNISOUND

Hong Kong stock movement quick report: ALLEGRO CULTURE surged 22.81%, PAK TAK INT'L and ZIJING INTL FIN followed closely, CSPC PHARMA fell over 11%

Jiangxi Copper has recently performed well, rising in tandem with international copper prices and continuously attracting attention from market funds. During the trading session, the stock price once approached a new high for the period, with the bull market effect in international commodities being significant, and expectations for infrastructure in Europe and the United States driving industry valuation recovery. It is noteworthy that the company has not made any new major announcements, but the influx of funds is evident, indicating strong trend trading behavior within the sector. On the trading front, short-term bulls are actively entering the market, and trading volume is rapidly increasing. Major indicators during this period maintain a bullish arrangement, and the trading atmosphere is relatively positive. Nevertheless, overheating phenomena are gradually accumulating, and by the close, related technical overbought indicators have reached high levels, leading many traders to become cautious, with some funds choosing to cash out after the price increase, resulting in greater divergence in the closing session and intensified market fluctuations. The mainstream view in the market suggests that the copper sector's future volatility may be more influenced by overseas macroeconomic conditions and changes in copper prices. If there is a divergence in price and volume or adverse external news impacts, correction pressure may arise at any time. However, if it coincides with industrial policies or a new wave of global infrastructure catalysts, the bullish main line is still expected to gather quickly. It is not advisable to chase high prices at this time; instead, focus on tracking changes in trading volume and overseas market events. In summary, the rising divergence among major players and the risk of overbought corrections coexist in the short term, and external catalysts or large fund behaviors remain the barometer

Technical Forecast

China Southern CSI SWS Non-Ferrous Metal ETF

GF CSI Rare Metals Theme ETF

Hwabao WP CSI Non-ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Yinhua CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

Dacheng Non-Ferrous Metal Futures ETF

JIANGXI COPPER (358.HK): Aligning with commodity trends, bulls are gaining strength, but short pressure needs to be monitored

UBJIANC@EC2604A(19689.HK)

Copper's slide from record reflects reality of weak demand, rising stocks, analysts say

Top 5 HK Stock Gainers/Losers (>100B) (2.2)

Hong Kong stock movement: JIANGXI COPPER fell 11.17%, AI stocks plummeted triggering capital withdrawal, copper prices under pressure!

Top 5 HK Stock Gainers/Losers (>100B) (1.30)

Hong Kong stock movement: JIANGXI COPPER falls over 10%: AI stocks plummet dragging down copper prices, market sentiment cautious