Core Viewpoint - Copper stocks are experiencing a general rise, driven by increasing copper prices and supply risks from labor strikes in mining operations [1] Group 1: Market Performance - As of the report, China Nonferrous Mining (01258) increased by 6.45% to HKD 15.34, Jiangxi Copper (00358) rose by 4.1% to HKD 44.2, and Minmetals Resources (01208) gained 2.98% to HKD 9.32 [1] Group 2: Price Movements - On January 6, London copper prices surged, exceeding USD 13,100, marking a new high [1] - The price difference between COMEX and LME copper remains at USD 100 per ton, indicating a continued premium for copper in the U.S. market [1] Group 3: Supply Risks - Capstone Mining announced a strike at its Manto Verde copper-gold mine in Chile, which began on January 2, contributing to supply concerns [1] - Despite the Manto Verde mine's projected production of only 29,000 to 32,000 tons of cathode copper by 2025, any new supply risks are likely to be factored into copper prices [1] Group 4: Market Outlook - According to CITIC Securities, there is an anticipated shortfall of over 100,000 tons in the global copper market by 2026 [1] - The ongoing U.S. copper tariff expectations and the tight supply in non-U.S. regions are driving up copper prices, as traders continue to move refined copper to the U.S. [1]