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South America's Copper Supply Remains Weak – Commerzbank
"Buy more as it falls!" Traders take advantage of the price drop to stock up, and the nickel industry may enter a phase of bottoming out | New cycle of csi commodity equity index
1. Some traders have indicated that the nickel price has already dropped to the psychological bottom range, and they are beginning to stock up on low stock price; 2. Currently, high-cost nickel production capacity is gradually being cleared out globally; 3. The future nickel price has limited downside potential, and may experience a phase of bottoming out.
Europe Natural Resources Fund: Global stock markets are beginning to experience sharp declines. Buy gold in segments after each sharp decline.
It is possible that the US stock market will peak this month (if Trump is elected, there may be a honeymoon period of about six months for the US stock market), and gold may be used as a cash machine, bringing down the price of gold when the stock market falls.
Hong Kong stock market anomaly | CMOC Group Limited (03993) fell more than 6%, leading the decline in non-ferrous stocks. Economic recession worries resurface, global risk preference decreases significantly.
Non-ferrous stocks are generally down. As of publication, CMOC Group Limited (03993) fell 6.02% to HKD 5.46, Zijin Mining Group (02899) fell 4.6% to HKD 13.68, Aluminum Corporation of China (02600) fell 4.53% to HKD 4.43.
Hong Kong stock market anomaly | Copper stocks continue to decline, weakening expectations of Fed rate cuts leading to a stronger dollar, Goldman Sachs had previously sharply reduced copper price forecasts.
Copper stocks continue to decline. As of the time of writing, Jiangxi Copper (00358) fell by 3.88% to HK$11.88; China Gold International (02099) fell by 3.51% to HK$28.85; Chifeng Mining (01258) fell by 3.35% to HK$4.62; MMG (01208) fell by 2.88% to HK$2.02.
Soochow: Both the large and small non-farm payrolls in the USA have recorded data below expectations, with a weak labor market driving a decline in industrial metals.
This Friday, Federal Reserve Director Waller reiterated the necessity of "preemptive rate cuts" in his last public speech before the September meeting. Soochow Securities believes that the Federal Reserve is currently reducing its tolerance for labor market weakness and sending a signal of continuity for future interest rate cuts.
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