HK Stock Market Move | Colored stocks show excellent performance, with prices of metals such as gold, silver, and copper rising sharply. Institutions say that a bull market for colored metals is currently underway.

Non-ferrous metal stocks performed well. As of the time of writing, China Aluminum International Engineering Corporation (02068) rose by 11.39% to HK$2.64; JIAXIN INTL RES (03858) rose by 13.17% to HK$48.82; CHINAGOLDINTL (02099) rose by 7.26% to HK$162.6; CHINFMINING (01258) rose by 6.68% to HK$15.33; CHI SILVER GP (00815) rose by 4.35% to HK$0.72. On the news front, on December 22nd, metals such as gold, silver, and copper saw significant gains. In terms of precious metals, spot gold rose to over $4400 per ounce, reaching a new high; spot silver broke through the $68 per ounce barrier, hitting a new high; all platinum futures contracts on the LME hit the daily limit; in terms of industrial metals, LME copper prices soared to record highs, approaching $12,000 per metric ton. In addition, prices of rare metals such as tungsten in China saw significant increases. According to Chinatungsten Online, on Monday, the tungsten market continued its rally, with the price of 65% black tungsten concentrate at 454,000 yuan per metric ton, up 217.5% from the beginning of the year. China Securities Co., Ltd. pointed out that the siphoning of non-US regional stocks by the United States has caused tight supply of silver and copper in the non-US regions, leading to continuously breaking historical price records; tin, which is also facing ongoing threats to its supply, has entered a period of tight supply that cannot be falsified, with prices reaching new highs for the year; the steady performance of aluminum prices is also attempting to reach higher price levels. The bull market of basic metals driven by supply pricing is currently underway. Orient believes that as commodity prices continue to reach new highs, market expectations for gold, copper, aluminum, and iron prices to rise in the medium term are expected to continually strengthen, and it is recommended to actively watch for investment opportunities in related sectors.