Movement Alert|ZIJIN MINING Falls 3.22% in Regular Trading, Fed Hawkish Signals Pressure Gold and Copper Prices

Market Focus
Sep 24

On September 24, ZIJIN MINING fell 3.22% in regular trading, trading at 32.5 HKD/share, with turnover of approximately 206 million HKD.

On the news front, the Fed raised rates by 25 basis points to 3.75%-4.00% at its September meeting, with multiple officials subsequently delivering hawkish rhetoric. Minneapolis Fed President Kashkari explicitly stated that inflation remains too high, and the market is now pricing in an 88% probability of another rate hike in December. The U.S. dollar index reclaimed the 100 level, spot gold fell below $4,325, and copper prices declined in tandem. The gold-copper double sell-off directly weighed on ZIJIN MINING's core profit sources as a major producer of both metals.

Within the Diversified Metals and Mining sector, the broader group traded uniformly lower. Among peers, CMOC fell 3.77%, WANGUO GOLD GP fell 3.51%, JIAXIN INTL RES fell 4.34%, LYGEND RESOURCE fell 2.22%, and MMG fell 1.92%, reflecting broad-based sector weakness driven by tightening monetary policy expectations.

(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.)

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