$JIANGXI COPPER(00358.HK), $CHINAHONGQIAO(01378.HK), and $GANFENGLITHIUM(01772.HK) all saw modest gains, ranging from just over 1% to nearly 4%. Interestingly, while copper prices just hit a two-week low, these HK stocks are moving higher. The correlation that used to drive mining stocks based on commodity prices has clearly weakened; it's hard to make sense of—either the stocks are pricing in inventory cycles early, or capital is seeking shelter in undervalued cyclical plays🤔
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