Core Viewpoint - Copper stocks continue to decline amid intense market fluctuations, with significant drops observed in major companies such as Luoyang Molybdenum, Jiangxi Copper, and others [1] Group 1: Company Performance - Luoyang Molybdenum (03993) fell by 4.21%, trading at 14.8 HKD [1] - Jiangxi Copper (00358) decreased by 3.95%, with a price of 31.58 HKD [1] - Minmetals Resources (01208) dropped by 2.68%, now at 6.53 HKD [1] - China Nonferrous Mining (01258) saw a decline of 2.21%, trading at 13.69 HKD [1] Group 2: Market Conditions - The copper market is experiencing a tug-of-war between supply and demand, influenced by various events such as the shutdown of Grasberg in Indonesia and earthquakes in Congo [1] - Uncertainties in international trade and the Federal Reserve's interest rate policies are expected to create volatility in copper prices [1] Group 3: Price Forecasts - According to CITIC Futures, the market is likely to see copper prices under pressure and in a state of consolidation due to the U.S. government shutdown affecting economic data releases [1] - Goldman Sachs indicates that short-term upward price movement for copper is limited to 11,000 USD per ton, despite a long-term bullish outlook [1]

Group 1 - Copper stocks continue to decline, with notable drops in companies such as Luoyang Molybdenum (-4.21% to HKD 14.8), Jiangxi Copper (-3.95% to HKD 31.58), Minmetals Resources (-2.68% to HKD 6.53), and China Nonferrous Mining (-2.21% to HKD 13.69) [1][1][1] Group 2 - The copper market is experiencing intense fluctuations, influenced by supply-side disruptions such as the shutdown of Indonesia's Grasberg mine, earthquakes in the Democratic Republic of Congo, and incidents at the Aifenhao mine [1][1][1] - Uncertainties in international trade and the Federal Reserve's interest rate policies are contributing to potential disturbances in copper prices [1][1][1] Group 3 - According to CITIC Futures, the market is currently facing pressure due to the U.S. government shutdown causing delays in economic data releases, leading to increased risk aversion among investors [1][1][1] - Goldman Sachs indicates that the short-term upward price potential for copper is limited to USD 11,000 per ton, while maintaining a long-term bullish outlook, citing an oversupply in the market as a key factor [1][1][1]