China dominates global mining for copper, aluminium, lithium and molybdenum. These HKEX-listed miners are the most direct way to play commodity supercycles.
China consumes approximately 55% of the world's copper, 60% of iron ore, and 70% of lithium. When China's PMI rises above 52 and infrastructure spending accelerates, commodity prices globally are pulled upward — and HKEX-listed Chinese miners are the most direct beneficiaries.
LME copper at $12138/t is in sell zone — historically elevated. Zijin Mining and Chalco are both priced for continued copper strength. A correction toward $8,000-9,000/t would create a significantly better entry point. The Signycle sell threshold for copper is $11,000/t.
Lithium carbonate has crashed from its 2022 peak of $80,000/t to $17000/t — an 80% correction. Ganfeng Lithium is now trading near book value. The structural demand story from EVs remains intact — this is a classic cyclical trough setup if you have a 2-3 year horizon. Watch for PMI above 54 as a confirmation signal for entry.
For informational purposes only. Not financial advice. See disclaimer.