$ZIJIN GOLD INTL(02259.HK) rose by more than nine points, with gold prices at high levels directly pushing up the profit expectations for gold mines; $Freeport Mcmoran(FCX.US) and $CMOC(03993.HK) both rose by five to six points. Copper prices shifted from surplus to deficit due to tightening supply in Latin America, benefiting copper mining companies. With both gold and copper drivers still active, the elasticity of mining stocks' share prices has been released. The key is how long the high level of commodities can be maintained; once prices turn around, the drawdown in this sector will also be rapid.
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