Rallying across the board! Non-ferrous metals are surging again!

Valuation logic has changed

Gelonghui FinanceJun 12 19:17

Hong Kong Market Close (06.12) | Hang Seng Index Rises 1.93%; Materials and Airline Stocks Rebound; Chow Tai Fook (01929) Surges 15% Post-Earnings

The situation in the Middle East has taken a dramatic turn, with Trump again making a TACO statement, saying an agreement could be signed as early as this weekend. Hong Kong's three major stock indices rebounded, with the Hang Seng Index rising more than 2% at one point.

Zhitong FinanceJun 12 16:31

Hong Kong Stocks Rise 1.9%

Dow JonesJun 12 16:31

Hong Kong-listed non-ferrous metal stocks rallied collectively, with Lingbao Gold rising 13% and CMOC Group gaining over 11%.

Gelonghui, June 12 | Hong Kong-listed non-ferrous metal stocks rallied collectively, with Lingbao Gold rising 13%, CMOC Group gaining over 11%, Chifeng Gold and Lichen Resources up over 9%, Jiangxi Copper Company and Zijin Mining increasing over 7%, MMG, China Nonferrous Mining, and Tianqi Lithium climbing over 6%, Zhaojin Mining, Ganfeng Lithium, and Aluminum Corporation of China advancing over 4%, and Zijin Gold International and Shandong Gold rising over 2%.

Gelonghui FinanceJun 12 15:41

"All-Metal Resonance" rally erupts! Middle East hostilities suddenly subside—will rate hike trades be next?

Trump TACOed again.

Gelonghui FinanceJun 12 15:07

Hong Kong Market Midday Commentary | Hang Seng Index Rises 2.02% in Morning Session; China-Related Brokerage Stocks Show Strong Performance

Lithium mining stocks rose again, as market participants hold divergent views on lithium carbonate inventories, and institutions expect the tight supply-demand balance to persist in the near term.

Zhitong FinanceJun 12 12:00