Jiangxi Copper's stock plummeted 5.03% during intraday trading on Tuesday. The sharp decline follows a period of strength driven by the company's previously reported financial results.

The drop is attributed to profit-taking activity after the company's strong first-quarter earnings had already been priced into the stock during prior sessions. Jiangxi Copper recently reported Q1 revenue of 139.124 billion yuan, up 25.39% year-over-year, and net profit attributable to shareholders of 2.818 billion yuan, surging 44.31%.

Additionally, the broader copper sector faced continued pressure, with peers also trading lower. Macroeconomic headwinds, including a stronger US dollar and reduced expectations for Federal Reserve rate cuts, have weighed on base metals broadly, contributing to the downward movement.