Jiangxi Copper leads slide in HK-listed miners as metal prices dip

MMG

11/09/2026 03:39

** Shares of Jiangxi Copper 0358.HK drop 11.2% to HK$34.18, lowest level since July 30, leading a slide in Hong Kong-listed mining stocks as metal prices dip
** Stock last down 10%, set for biggest one-day pct decline since June 23; top pct loser in Hang Seng Composite Index on materials stocks .HSCIM, which is down 5.5%
** Copper prices fell on Thursday after Reuters reported White House has yet to decide on refined copper tariffs as officials assess concerns higher prices could raise manufacturing costs 
** Gold prices also lingered near one-week low on Friday as expectations of a U.S. rate hike strengthened, with attention turning to U.S. CPI data later in the day 
** Shares of miners MMG 1208.HK and CMOC Group 3993.HK drop 9.8% and 10.1%, respectively
** Zijin Mining 2899.HK and China Nonferrous Mining Corp 1258.HK fall 7.3% and 7.6%
** Shanghai-listed stocks of Zijin Mining 601899.SS, CMOC 603993.SS, and Jiangxi Copper 600362.SS fall 6.7%, 6.9% and 9.3%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))