Commodity prices remained robust, with silver prices initially notching a record high this morning (29th) before ebbing. Copper prices have repeatedly reached new highs since October, propelled by a combination of factors including US tariffs, supply disruptions (major accidents at three large global copper mines), and concerns about global shortages. This month, copper prices even rose to over US$12,000 per ton, a record high, and have accumulated a gain of over 33% YTD, the sharpest increase since 2009 (when prices skyrocketed over 140% given recovery from the financial crisis).

Numerous market participants expected a structural shortage of copper supply starting next year, Financial Times quoted Alastair Munro, a base metals strategist at financial services firm Marex, as saying.

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JIANGXI COPPER (00358.HK)  0.000 (0.000%)    Short selling $92.85M; Ratio 20.568%   touched a record high of HK$41.98 during trading today (29th). It last stood at HK$41.08, up 10.31%, with a turnover of HK$1.531 billion. Other stocks rising included MMG (01208.HK)  0.000 (0.000%)    Short selling $28.78M; Ratio 14.152%   , up 2.3%, CHINFMINING (01258.HK)  0.000 (0.000%)    Short selling $12.38M; Ratio 18.409%   , up nearly 3%, and CDAYENONFER (00661.HK)  0.000 (0.000%)   , up 11%. ZIJIN MINING (02899.HK)  0.000 (0.000%)    Short selling $596.32M; Ratio 29.684%   remained sturdy, while CMOC (03993.HK)  0.000 (0.000%)    Short selling $507.77M; Ratio 39.075%   lost 1.2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-30 16:25.)