
This batch of non-ferrous mining stocks showed a divergent trend overall:
Zijin Mining and Zijin Mining International closed slightly lower with a decline of less than 2%. Although gold prices have been relatively strong recently, the price recovery of Hong Kong-listed gold mining stocks has been significantly slower than the gold price itself, reflecting investors' concerns about the cost side of mining companies.
Newmont fell slightly by 0.7%. As the world's largest gold mining company, its performance is usually highly dependent on the trend of gold prices, and it currently remains largely in sync with gold prices.
Albemarle fell slightly by 0.6%. Although lithium prices have shown signs of a staged rebound, Albemarle's production volume and contract structure make it less sensitive to spot prices than expected. The market generally remains cautious about the profit recovery of lithium mining companies.
Southern Copper fell nearly 3%, a direct transmission of the softening copper prices.
MP Materials fell sharply by over 8%. The policy premium for the rare earth mining sector is prone to decline without new event drivers. With significant accumulated gains from previous rallies, there is substantial pressure for profit-taking.
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