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【Brokerage Focus】CITIC SEC indicates that tariff disturbances may push Copper prices back to peak moments.
Jinwu Finance | CITIC SEC indicated that expectations for tariffs on imports of Copper in the USA have recently intensified, with COMEX Copper prices and the price differential from LME reaching new highs. Strengthened tariff expectations may lead to a short-term gap in the USA that is hard to fill, and the continuity and extent of COMEX trading are expected to be continuously verified. The firm pointed out that in terms of demand, it estimates that in 2023, China's direct/indirect Copper exports to the USA only account for 0.1%/1% of Global demand, with end demand mainly concentrated in White Appliances, Autos, and transformers, which have a significant disparity in manufacturing advantages between China and the USA, all of which have been tested by the previous round of trade conflicts. Therefore, the firm believes that increased tariffs will impact China’s demand.
Jiangxi Copper Appoints New Deputy General Manager
JIANGXI COPPER (00358) appointed Xia Hanjun as the deputy general manager.
JIANGXI COPPER (00358) announced that the 10th Board of Directors meeting will be held on March 10, 2025...
GTJA: After the holiday, the operating rate of Copper and Aluminum processing continues to recover, and the inflection point for inventory reduction has appeared.
GTJA Securities stated that the Two Sessions are currently being held, releasing signals for stable growth, and macro expectations are improving. At the same time, after the holiday, the processing rate of Copper and Aluminum continues to recover, approaching the peak season, and there has been a turning point in the destocking of social reserves, providing support for prices.
Copper in New York surged nearly 5% due to Trump's mention, while Macron will deliver a nationwide speech | Highlights of the night.
1. The German economy has entered a "whatever it takes" moment, with the euro and European stocks surging excitedly; 2. Investors are focusing on Trump's Put Options speculation; 3. Tesla's sales in Germany have decreased by 76%; 4. Moderna's CEO is significantly increasing their Shareholding in the company's Stocks, and the market is turning its attention to "AI + Medical."
US Copper Prices Surge as Trump Signals 25% Tariff on Imports
