Changes in Hong Kong stocks | Copper stocks were lowered across the board, and the White House copper tariff plan was revealed to have stalled, and international copper prices plummeted on Thursday

The Zhitong Finance App learned that copper stocks were lower across the board. As of press release, Jiangxi Copper (00358) fell 6.49% to HK$36.0; Minmetals Resources (01208) fell 6.38% to HK$9.25; China's non-ferrous mining industry (01258) fell 4.51% to HK$16.5; and Luoyang Molybdenum (03993) fell 4.27% to HK$16.6.

According to the news, according to the Financial Federation, according to two people familiar with the matter, the White House has yet to make a decision on refined copper tariffs, and officials are weighing two factors: on the one hand, they are worried that rising copper prices may drive up manufacturing costs, and on the other hand, they are considering the potential benefits that may be brought by encouraging more domestic mining. This hesitation comes at a time when the US government is increasingly concerned about affordability ahead of November's midterm elections.

Related news led to a sharp drop in international copper prices. On Thursday, LME and COMEX copper prices fell by about 3.5% and 4.8% respectively. Furthermore, strong US PPI data for August raised the probability that the Federal Reserve would raise interest rates to over 70% in September, further suppressing copper prices.