Metal Stocks Rise in Morning Trading as JIANGXI COPPER and CHALCO Surge Over 3%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
0mins
Source: aastocks
Market Performance: Hong Kong-listed metal stocks, including JIANGXI COPPER and MMG, saw significant gains in the morning session, with increases of 3.3% and 2.3% respectively.
Short Selling Activity: Notable short selling figures were reported, with CHINAHONGQIAO and ZIJIN MINING experiencing high short selling ratios of 19.584% and 18.696%, indicating market speculation.
Copper Withdrawal News: Reports from Reuters indicated that Mercuria, a Swiss commodity trader, plans to withdraw over 40,000 tons of copper from LME warehouses in Asia, valued at approximately US$460 million.
Market Concerns: As the settlement date approaches for the copper withdrawal, there are concerns about a potential short squeeze in the market.
Analyst Views on 00358
Wall Street analysts forecast 00358 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00358 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 46.980
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Current: 46.980
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
