ancientfortunesposeidonmegaways| Changes in Hong Kong stocks 丨 Copper prices hit peak, Jinchuan International hit a two-year high, Jiangxi Copper and Minmetals Resources hit three-year highs

Continuing its rally, copper prices on the London Metal Exchange (LME) rose again 4% to US$11104 in intraday trading today, setting a record high. Relevant concept stocks in the Hong Kong stock market collectively rose. Among them, Jinchuan International once rose more than 17% to 1.ancientfortunesposeidonmegaways.15 Hong Kong dollars, a record high since June 2022ancientfortunesposeidonmegaways; Minmetals Resources once rose 9.58% to HK$4.46 in intraday trading, a record high since May 2021; Jiangxi Copper once rose 6.7% to HK$19.1 in intraday trading, also a record high since May 2021.

In the A-share market, Northern Copper (000737.SZ) rose daily, with Yunnan Copper rising more than 6%, and Jiangxi Copper rising more than 5%.

Copper prices rose to a record high as investors flocked to the copper market in anticipation of supply shortages. LME copper futures once rose more than 4% to US$11,104.50 per ton, surpassing the previous record level set in March 2022. LME copper prices have risen more than 28% since the beginning of the year. Analysts believe that the previous sudden tightening of ore supplies has exacerbated the possibility that if smelters respond by reducing refined copper production, the global market may face a supply shortage earlier than expected.

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