CHINFMINING's stock plummeted 5.03% intraday, extending recent declines in the copper mining sector.

The sharp drop comes as expectations for a Federal Reserve rate hike have increased, suppressing upside potential for copper prices. Additionally, global central banks have shifted to a more hawkish policy stance, while on the demand side, weekly operating rates for electrolytic copper rods have declined, signaling near-term weakness in copper consumption.

The broader copper sector experienced continued selling pressure, with several major copper producers also trading lower amid the challenging market environment.