Changes in Hong Kong stocks | Non-ferrous stocks rose slightly, and gold reached new highs. Institutions believe that the metal boom is expected to maintain

The Zhitong Finance App learned that non-ferrous stocks opened slightly higher. As of press release, China Nonferrous Mining (01258) rose 3.18% to HK$15.27; Minmetals Resources (01208) rose 3.11% to HK$8.94; China Silver Group (00815) rose 2.82% to HK$0.73; Jiangxi Copper (00358) rose 1.68% to HK$37.62; Zhaojin Mining (01818) rose 1.45% to HK$33.66.

According to the news, recently, the non-ferrous metals bull market has continued to be interpreted. In terms of precious metals, on December 24, spot gold reached 4,500 US dollars/ounce for the first time in history, with a cumulative increase of more than 70% this year; the rise in spot silver broke through the 70 US dollars/ounce mark, continuing to reach record highs; spot platinum and spot palladium also rose strongly. Furthermore, LME copper surpassed $12,000 per ton in the futures market, for the first time in the history of this futures.

Regarding the reason for this round of strong rise in non-ferrous metal prices, the CITIC Construction Investment Research Report pointed out that the main reason was that the US CPI cooled down beyond expectations in November, causing the market to revise the Federal Reserve's interest rate cut in 2026. Prices of precious metals such as gold, silver, and platinum and palladium strengthened, while industrial metals such as tin, copper, and aluminum also showed strong performance. Hualong Securities pointed out that against the backdrop of escalating geographical confrontation, a slowdown in global economic growth, and rising resource nationalism, the boom in non-ferrous metals continues to rise, and the prices of major metals continue to rise. The bank believes that the metal boom is expected to be maintained.