On June 8, Zijin Mining (02899.HK) fell 5.52% in regular trading, trading at HKD 31.56/share, with trading volume of HKD 297 million. The stock has experienced sustained selling pressure over recent sessions, extending a multi-day downtrend.

On the news front, the Democratic Republic of Congo recently approved a decree reclassifying lithium as a strategic mineral, raising the royalty rate from 3.5% to 10% — nearly a threefold increase. Zijin Mining's Manono lithium project in the DRC, which commenced production in June, is directly impacted by the new policy. Industry estimates suggest the elevated royalty rate could add approximately USD 65 million in annual costs per USD 1 billion of revenue, significantly reshaping the project's profitability. Concurrently, Ebola concerns in the DRC region have added to operational uncertainty, though the company stated its projects are currently running normally with contingency plans in place.

Within the Gold sector, all major peers declined sharply: Zijin Gold International down 5.88%, Lingbao Gold down 6.96%, Zhaojin Mining down 4.86%, China Gold International down 3.27%, and SD Gold down 4.10%, reflecting broad sector weakness.

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