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Goldman Sachs released a tariff forecast: the possibility of the USA imposing a 10% tariff on Copper in Q1 is about 50%.
① Wall Street traders are preparing to analyze Trump's inauguration speech word by word, to determine the impact of his policies on the market; ② Goldman Sachs stated the likelihood of a 10% tariff on Copper by the USA in Q1 is 50%, which is basically consistent with Goldman Sachs' own forecast; ③ The oil market believes the likelihood of Trump imposing tariffs on oil is close to 40%, higher than Goldman Sachs' expected 15%; additionally, Goldman Sachs said the likelihood of tariffs on Gold is only 10%.
Hong Kong stocks are moving differently | Copper industry stocks are collectively rebounding as the market's betting on the Federal Reserve's interest rate cuts is warming up. Copper prices may fluctuate strongly before the holiday.
Copper stocks have collectively rebounded. As of the time of writing, CHINFMINING (01258) is up 4.91%, trading at 5.34 HKD; MMG (01208) is up 3.79%, trading at 2.74 HKD; Zijin Mining Group (02899) is up 3.59%, trading at 15 HKD; JIANGXI COPPER (00358) is up 3.03%, trading at 12.92 HKD.
Chile lowers its copper production forecast, expecting production to reach 5.54 million tons over the next decade.
Chile has lowered its Copper production forecast for the next decade, adopting a more conservative approach, and Analysts may adjust their Global supply models as a result.
According to the Caixin Venture Capital Report: In December 2024, financing in the Carbon Neutrality sector reached 32.404 billion yuan, an increase of over ten times month-on-month, with the photovoltaic sector being the most active.
According to data from CaiLianShe Venture Capital, there were 96 private equity investment and financing events in the domestic Carbon Neutrality sector in December, an increase of 43.28% from 67 events last month; The total disclosed financing amount is approximately 32.404 billion yuan, an increase of 1091.77% from 2.719 billion yuan last month.
Trump's team plans to gradually raise tariffs, putting pressure on the dollar, while Copper prices continue to rise.
Copper prices continued to rise this year, as reports indicate that the incoming Trump administration will gradually raise trade tariffs instead of making a significant increase all at once.
Express News | MMG Ltd - Don’t Expect Any Material Impact on Dugald River’s FY Production Outlook After Fire Incident
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