On July 9, China Molybdenum fell 3.05% in regular trading, trading at HKD 14.6/share with turnover of HKD 138 million. The decline extends the stock's recent corrective trend as the non-ferrous metals sector faces sustained selling pressure.

The broader Diversified Metals & Mining sector saw widespread weakness, with Jiaxin International Resources down 5.09%, Ximei Resources down 4.14%, Wanguo Gold Group down 3.27%, and MMG down 3.13%. The stock had previously rallied after the company suspended 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 at near three-year highs. The \"molybdenum replacing tungsten\" semiconductor theme had also catalyzed significant gains in mid-June. With substantial prior gains accumulated, profit-taking pressure continues to weigh on shares, which have corrected notably from their June highs. Meanwhile, BlackRock increased its long position in the H shares to 8.06% as of July 2, suggesting some institutional support amid the pullback.

(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.)