HK Stock Market Move | Copper stocks rose in the afternoon and copper prices hit a new historical high again. Institutions say that emotions such as resource competition have a significant impact on current copper prices.

Copper industry stocks extended their gains in the afternoon, as of the time of publication, CDAYENONFER (00661) rose by 10.91% to 0.183 Hong Kong dollars; JIANGXI COPPER (00358) rose by 3.29% to 47.06 Hong Kong dollars; Zijin Mining Group (02899) rose by 1.74% to 40.9 Hong Kong dollars; CHINFMINING (01258) rose by 1.59% to 15.95 Hong Kong dollars. On the news front, on January 14th, copper prices hit a historical new high. The market is concerned that the Trump administration may expand copper import tariffs, causing traders to accelerate copper shipments to the United States before the new tariffs are imposed, which may lead to supply shortages in other parts of the world. Bohai Securities stated that market sentiment such as resource competition has a significant impact on current copper prices. If the short-term sentiment heat cannot dissipate, copper prices may remain volatile at high levels, focusing on the direction of subsequent related events. Huayuan Securities issued a research report stating that in the medium to long term, copper mine capital expenditure is insufficient, disturbances on the supply side are frequent, and the supply-demand pattern of copper mines may shift from tight balance to shortage. At the same time, copper smelting profitability is expected to bottom out in the context of "anti-cyclical" policies, coupled with the Federal Reserve entering an interest rate cutting cycle, copper prices are expected to break through upwards.