HK Stock Market Move | Jinchuan International (02362) is currently down nearly 4%. Copper production and sales volume both decreased by 2% and 3% respectively in the first 9 months. The price of copper has recently experienced a slight decline.

JINCHUAN INTL (02362) is currently down nearly 4%, as of press time, down 3.7% to HK$0.52, with a turnover of HK$11.7471 million. On the news front, JINCHUAN INTL announced its operating data for the nine months ending in September, with copper production in the mining business totaling 47,183 tons, a 2% decrease year-on-year; cobalt production was 735 tons, a 56% decrease year-on-year, mainly due to a decrease in ore grade and the continuous decline in the market price of cobalt. During the period, the mining business sold 41,368 tons of copper, a decrease of about 3% year-on-year, mainly due to a decrease in copper production; and sold 1,318 tons of cobalt, an increase of 24% year-on-year, mainly due to the group actively destocking during the period. Additionally, Trump's victory in the election has led to a continued strengthening of the US dollar, causing volatility in commodity prices, with short-term adjustments in prices of copper, gold, and other non-ferrous metals. Dongguan Securities pointed out that expectations of a shortage in supply of metals such as copper and aluminum still exist, but the industrial metal consumption in the peak season seems slightly lackluster. Attention should be paid to further efforts in national policies and the stocking situation of downstream enterprises.