$Sumitomo Metal Mining (5713.JP)$ Sumitomo Metal Mining's st...
Sumitomo Metal Mining's stock price has been fluctuating in the range of 3,915 yen to 4,155 yen in recent trades.
Looking at the stock price history of Sumitomo Metal Mining over the past 10 years, the stock price has experienced significant fluctuations, with a year-to-date high of 5,648 yen and a low of 3,609 yen in 2024.
Looking at the stock price history of Sumitomo Metal Mining over the past 10 years, the stock price has experienced significant fluctuations, with a year-to-date high of 5,648 yen and a low of 3,609 yen in 2024.
The main reasons for the rise in Sumitomo Metal Mining's stock price are as follows:
Sumitomo Metal Mining engages in the refining business of nonferrous metal resources such as copper and gold, and the rise in the prices of these metals directly impacts the company's performance. In particular, the increase in copper and gold prices due to expectations of China's economic recovery is a contributing factor to the rise in Sumitomo Metal Mining's stock price.
China is the largest demand country for copper, and the recovery of the Chinese economy leads to an increase in copper demand. The improvement in China's Manufacturing Purchasing Managers' Index (PMI) and the easing concerns about economic slowdown contribute to the rise in Sumitomo Metal Mining's stock price.
The rise in international gold prices also has a positive impact on Sumitomo Metal Mining's stock price. In particular, geopolitical risks such as tensions in the Middle East promote "safe-haven gold buying" and support the increase in gold prices.
These factors combined have led to an upward trend in Sumitomo Metal Mining's stock price.
Sumitomo Metal Mining engages in the refining business of nonferrous metal resources such as copper and gold, and the rise in the prices of these metals directly impacts the company's performance. In particular, the increase in copper and gold prices due to expectations of China's economic recovery is a contributing factor to the rise in Sumitomo Metal Mining's stock price.
China is the largest demand country for copper, and the recovery of the Chinese economy leads to an increase in copper demand. The improvement in China's Manufacturing Purchasing Managers' Index (PMI) and the easing concerns about economic slowdown contribute to the rise in Sumitomo Metal Mining's stock price.
The rise in international gold prices also has a positive impact on Sumitomo Metal Mining's stock price. In particular, geopolitical risks such as tensions in the Middle East promote "safe-haven gold buying" and support the increase in gold prices.
These factors combined have led to an upward trend in Sumitomo Metal Mining's stock price.
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