Core Viewpoint - Copper stocks are experiencing a rebound, driven by a significant increase in LME copper prices due to ongoing supply shortages from mines [1] Group 1: Market Performance - Jiangxi Copper Co. (00358) rose by 6.4% to HKD 34.92 - China Nonferrous Mining (01258) increased by 4.99% to HKD 14.72 - Luoyang Molybdenum (03993) gained 3.54% to HKD 17.22 - Minmetals Resources (01208) climbed 3.06% to HKD 7.07 [1] Group 2: Price Trends - LME copper prices reached a historical high of USD 11,146 per ton on Wednesday due to persistent supply shortages [1] - Citigroup forecasts that copper prices will reach USD 12,000 per ton in the first half of next year, with some institutions suggesting this milestone may be achieved even sooner [1] Group 3: Economic Factors - The market is closely monitoring the upcoming Federal Reserve interest rate decision, with expectations of a 25 basis point cut [1] - This potential rate cut is seen as a catalyst for easing US-China trade tensions [1] - Huafu Securities indicates that the ongoing expectation of Federal Reserve rate cuts will support copper prices in the short term, while long-term prospects remain positive due to increased investment and consumption [1]
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