---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43151056.md"
description: "Copper prices have fallen to $5.99 per pound, causing the entire copper chain to weaken: $Global X Copper Miners(COPX.US) has barely moved, $JIANGXI COPPER(00358.HK) and $CMOC(03993.HK) both saw slight declines, while $CHINAHONGQIAO(01378.HK) dropped by over six percent. Hongqiao's decline was significantly deeper; its cost structure has a high proportion of electrolytic aluminum. Copper prices were merely an emotional trigger, with alumina and electricity costs being the real pressure points. The earlier stocks were closer to pure beta plays tracking copper prices, so their declines were relatively restrained. The divergence within the copper chain during price pullbacks often reveals more about who is bearing the cost-side pressure than the copper price itself."
datetime: "2026-08-03T09:16:28.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43151056.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43151056.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43151056.md)
author: "[Chalri喵M](https://longbridge.com/en/profiles/27346596.md)"
generator: "portal-rs"
---

# Copper prices have fallen to $5.99 per pound, caus…


### Related Stocks

- [01378.HK](https://longbridge.com/en/quote/01378.HK.md)
- [00358.HK](https://longbridge.com/en/quote/00358.HK.md)
- [600362.CN](https://longbridge.com/en/quote/600362.CN.md)
- [03993.HK](https://longbridge.com/en/quote/03993.HK.md)
- [603993.CN](https://longbridge.com/en/quote/603993.CN.md)
- [COPX.US](https://longbridge.com/en/quote/COPX.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**