Changes in Hong Kong stocks | Non-ferrous stocks performed brilliantly, prices of gold, silver, copper and other metals surged, institutions say the non-ferrous bull market is ongoing

The Zhitong Finance App learned that non-ferrous metals stocks performed well. As of press release, China Alcoa International (02068) rose 11.39% to HK$2.64; Jiaxin International Resources (03858) rose 13.17% to HK$48.82; China Gold International (02099) rose 7.26% to HK$162.6; China Nonferrous Mining (01258) rose 6.68% to HK$15.33; China Silver Group (00815) rose 4.35% to HK$0.72.

According to news, on December 22, metal varieties such as gold, silver, and copper ushered in an intensive rise. In terms of precious metals, spot gold reached a new high of 4,400 US dollars/ounce; spot silver rose above the 68 US dollars/ounce mark, setting a new record high; in terms of industrial metals, the price of LME copper soared to a record high, approaching 12,000 US dollars per ton. In addition, domestic prices of rare metals such as tungsten increased significantly. According to Chinatungsten Online, the crazy tungsten market continued on Monday. Among them, the price of 65% black tungsten concentrate was reported at 454,000 yuan/standard ton, up 217.5% from the beginning of the year.

CITIC Construction Investment Securities pointed out that the US is siphoning inventory from non-US regions, causing the non-US region to have tight supply of silver and copper, and prices continue to set new historical price records; tin, where supply continues to be threatened, has also reached a stage where supply is tight and cannot be falsified, and prices hit new highs during the new year; aluminum prices, which are stable and stable in fundamentals, are also experimenting with higher price space. The supply-priced basic metals bull market is ongoing. Orient Securities believes that as commodity prices continue to reach new highs in the future, the market's expectations for the rise in gold, copper, aluminum, and iron prices in the medium term are expected to continue to strengthen, and it is recommended to actively pay attention to investment opportunities in related sectors.