On July 7, China Molybdenum (03993.HK) fell 3.26% in regular trading, trading at HKD 15.46/share, with turnover of HKD 116 million.

The decline was primarily driven by broad-based weakness across the non-ferrous metals sector, compounded by profit-taking pressure following the stock's consecutive gains of 5.42% and 3.21% over the prior two trading sessions. Those earlier gains were fueled by the company's decision to suspend tailings supply to Xiamen Tungsten's subsidiary Luoyang Yulu, which the market interpreted as a strategic move to reclaim high-value tungsten resources amid tungsten prices running near three-year highs.

Within the Diversified Metals and Mining sector, peer stocks fell in tandem: Jiaxin International Resources dropped 6.39%, Lygend Resource declined 3.16%, Ximei Resources lost 2.49%, and MMG fell 2.07%. The sector-wide downturn, combined with accumulated short-term gains, intensified selling pressure on the stock.

(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.)