On June 25, Jiangxi Copper (00358.HK) fell 3.04% in regular trading, trading at HK$33.32/share with turnover of HK$105 million, extending a multi-day selloff that has seen the stock decline from approximately HK$40.60 on June 18.

The decline reflects ongoing pressure from multiple fronts. The US Commerce Department is set to submit its copper market assessment report by June 30, which will advise whether to impose import tariffs on refined copper. Market expectations suggest the US may phase in a 15% tariff on refined copper starting 2027, rising to 30% in 2028. Meanwhile, Panama's Cobre copper mine saw its final environmental audit report indicate an 88% compliance rate, raising its restart probability and posing a medium-term supply-side headwind for copper prices.

On the demand side, China's real estate market has entered a structural downturn, while National Bureau of Statistics data shows negative growth in auto production and home appliance output — key copper consumption sectors. The copper sector remains broadly weak, with CHINFMINING down 6.3%, Jinxun Resource down 5.38%, and CDAYENONFER down 3.06%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)