On June 30, MMG fell 3.05% in regular trading, trading at HK$6.74/share, with turnover of HK$35.58 million. The stock has now declined approximately 24% below its recent placement price of HK$8.88 per share.

The decline reflects continued pressure on copper prices amid the Fed's increasingly hawkish policy signals. Fed policymakers have signaled support for rate hikes in coming months to combat persistent inflation, with the latest dot plot showing 9 of 18 officials expecting at least one hike this year. The strong dollar index, which reached its highest level since November last year, continues to suppress base metal prices. LME copper fell toward $13,300/ton, potentially posting over 2% monthly decline after hitting record closing highs in May.

Additionally, uncertainty surrounding the US Commerce Department's June 30 deadline to recommend whether to impose 15% tariffs on refined copper imports has weighed on sentiment. Market concerns over potential tariff cancellation could release substantial US copper stockpiles into global markets, further pressuring prices. The broader copper sector declined in tandem, with CMOC down 2.08% and Wanguo Gold Group down 3.32%.

(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.)