Jiangxi Copper rose 2.6%, in line with the copper price trend; Jiaxin International Resources rose 7.2% today, with small-cap stocks showing greater elasticity to copper prices; Aluminum Corporation of China (Chalco) rose 4.2%, with aluminum prices supported in a weak dollar environment; China Hongqiao Group, an aluminum manufacturer, rose 2.3%; China Daye Nonferrous Metals was almost flat. Within the sector, stocks with small free floats showed far greater elasticity today than large state-owned enterprises, reflecting capital's pursuit of high-beta exposure to non-ferrous metals.
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