Express News | LME Copper Inventories Drop 22% to a Six-Month Low
Express News | The Hang Seng Index closed up 0.9%, while the Hang Seng Tech Index gained 0.11%.
Hong Kong Stock Market Midday Review | Hang Seng Index rose 1.01% in the morning session, with CRO concept stocks leading the gains.
CRO concept stocks are among the top gainers. Wuxi Apptec (02359) expects its net profit last year to double, and the sector is anticipated to experience a 'Davies Double.'
H-share Movement | Wanguo Gold Group (03939) rose nearly 7% in early trading. Rising gold prices have driven the company’s stock up over 30% this month.
Wanguo Gold Group (03939) surged nearly 7% in early trading, with monthly gains already exceeding 30%. As of the time of writing, it was up 5.54%, trading at HKD 10.09, with a turnover of HKD 197 million.
Has the era of stockpiling commodities arrived? The 'strong security' logic is reshaping metal valuations.
Driven by geopolitical tensions and concerns over supply chain security, countries are accelerating the stockpiling of strategic materials. Prices of key military metals such as tungsten and cobalt have surged due to heightened demand for 'strong security.' Meanwhile, central banks' efforts toward 'de-dollarization' are reshaping the pricing dynamics of gold. As commodities and defense-related assets outperform technology stocks, the era of 'hard assets' may be on the horizon.
Copper on Track for Strong Weekly Gain After Breaking Record -- Market Talk
2026 Outlook: Can There Be Another Boom After an Epic Bull Market? A Look at Key Performers for 2026 – Gold, Silver, Copper, Crude Oil, Lithium Carbonate
The competition for geopolitical power, technology, and AI is deepening, with commodities as strategic resources becoming the core carriers of rivalry, reshaping the logic of global supply chains and reserve allocation.
The 'bull market in metals' is likely to come to an abrupt end this year, with gold, silver, and copper specifically highlighted.
Following a frenzied surge in the prices of precious and industrial metals in 2025, some forecasters believe that investor demand for gold, silver, and copper is poised to weaken, leading to a significant decline in these metal prices from their current levels, which are near historical highs.
Express News | CME Takes Action Again! Third Increase in Margin Requirements for Precious Metals Futures in Recent Period
S&P Global Warns: The Dual Acceleration of AI Competition and Defense Spending Could Lead to a Global Copper Shortage of Tens of Millions of Tons
According to a recent study by S&P Global, the race for artificial intelligence and surging defense spending will exacerbate the anticipated copper shortage, while producers are struggling to expand capacity.
The strong breakout of copper prices above USD 13,000 has raised 'short-term targets,' but this investment bank believes January may mark the yearly high!
Copper prices have recently rebounded strongly, breaking through a key resistance level, prompting Citi to raise its short-term price target. However, the bank warned in its latest report that this round of upward momentum may be nearing exhaustion, with January potentially marking the peak for the entire year of 2026, after which the market could face downside risks.
Industrial metals surged across the board at the start of the year: 'Nickel the Unpredictable' skyrocketed by nearly 9%, while 'Copper the Invincible' hit a new all-time high.
The industrial metal that experienced the most significant surge on Tuesday was nickel, often referred to as the 'demon metal.' By the close of trading on Tuesday, LME nickel futures had risen nearly 9%, with intraday gains briefly exceeding 10%. In addition to nickel, LME copper futures also climbed by 1.9% on Tuesday, closing at $13,238 per tonne. The price had surged as much as 3.1% during the session, reaching a new record high of $13,387.50.
Abnormal Fluctuation Statistics of Stock Connect HK Stocks | January 7
Abnormal Fluctuation Statistics of Hong Kong Stock Connect by Zhitong | January 6, 2026
Copper Extends Rally, Bursting Through $13,000 a Ton -- Update
ZHITONG HK Stock Analysis | The Logic Behind the Global Stock Market Rally: Market Leaders Emerge with Unstoppable Momentum
The heavyweight sector driving the market today is the securities stocks, often regarded as the flag bearers of the stock market. The direct catalyst has been the continuous trading volume surpassing 2 trillion yuan for five consecutive days, with the margin financing balance exceeding 2.56 trillion yuan.
H-share Movement | Rising Gold Prices Propel Wanguo Gold (03939) to Continue Its Surge Over 10% with Significant Increase in Trading Volume
Wanguo Gold Group (03939) surged over 10%, with trading volumes significantly increasing over the past two days. As of the time of writing, it was up 10.49%, trading at HKD 8.95, with a turnover of HKD 185 million.
Gold and silver prices surged again, with Hong Kong-listed gold stocks rising collectively. Bank of America expressed optimism about gold reaching $5,000 by 2026, while silver could soar to a peak range between $135 and $309.
The head of metals research at Bank of America predicts that gold will become a core hedging asset by 2026, with an average price of $4,538. If silver returns to historically extreme valuations, its price could surge to a range between $135 and $309.
LME copper continues to hit new highs, driving up Hong Kong-listed copper stocks. Institutions attribute the relentless rise in copper prices to a combination of overall supply shortages and regional mismatches, pushing the metal to repeatedly break histo
On January 6, it was reported that copper stocks generally trended higher. As of the latest update, China Nonferrous Metals Mining Corporation rose by over 5%, China Daye Nonferrous Metals increased by nearly 5%, Minmetals Resources climbed by almost 4%, and Jiangxi Copper Company gained nearly 3%.
LME copper hits a new all-time high! Reaching $13,000 per ton for the first time.
① Rising investment enthusiasm at the start of the year, regional mismatches in metal inventories, and ongoing news of mine shutdowns have continued to support higher copper prices; ② Due to years of underinvestment, it may take some time before mining companies see a rebound in copper production capacity from its current decline.
Copper Supported by Tightening Supply, Energy Transition Demand -- Market Talk