On June 2, Jiangxi Copper rose 3.93% in regular trading, trading at HK$36.12/share, with trading volume of approximately HK$38.47 million. The rebound comes after the copper sector experienced consecutive sessions of decline driven by Fed rate hike expectations and weak demand.

On the news front, the United States and Iran reached a preliminary ceasefire extension agreement, easing geopolitical tensions and pushing London copper futures to a two-week high. Institutions noted that a global electrolytic copper supply-demand gap of approximately 100,000 tons persists, with new energy and AI-related demand continuing to drive copper consumption growth, providing fundamental support for copper price levels.

Within the Copper sector, the overall tone turned positive. Among peers, China Nonferrous Mining rose 4.53%, Jinxun Resource rose 1.68%, while China Daye Nonferrous Metals fell 1.01%. The sector-wide linkage effect was evident as stocks broadly recovered from the prior week's selloff.

(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.)