CMOC fell nearly seven points, China Hongqiao fell over five points, and Chalco and Alcoa both fell three to four points—the industrial metal stocks like copper and aluminum collectively weakened today. A strong US dollar coupled with concerns about slowing global demand directly suppressed the pricing of copper and aluminum, while the elasticity of cyclical stocks amplified this macro pressure. The essence of these gains and losses is trading expectations for global economic activity. Today, with the dollar strengthening and demand expectations weakening, the entire industrial metals chain was revised downward. Stocks like CMOC, with high exposure to copper and cobalt, have greater elasticity and fell deeper.