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Goldman Sachs Backs 'Copper Tariff Trade' If Trump Slaps 25% Duty On US Imports
Improved tariff expectations combined with inflation support lead to rising Copper prices and gold prices reaching new highs.
Summary: Last week, the tariff issues continued to ease, and both China and the United States expressed a willingness to engage in dialogue on tariffs under certain conditions. Market risk appetite has improved, and the focus is on whether there will be further substantial actions in the future.
Xingye Alloy Proposes Appointment of New Independent Director
XINGYE ALLOY (00505.HK) appointed Zhao Yan as an independent non-executive Director.
Gelonghui, April 17th丨XINGYE ALLOY (00505.HK) announced that the Board of Directors proposes to appoint Zhao Yan as an independent non-executive director at the Shareholder annual general meeting to be held on June 13, 2025.
Citi maintains a bearish stance on Copper prices but expects the downturn to slow down: tariff easing and China's demand support the Copper market.
Citigroup adjusts its Copper price forecast: short-term decline is easing but will remain significantly pressured in the medium term.
Commodity Prices Forecast to Fall in Coming Quarters, Weighed Down by Tariff Volatility, Westpac Says
