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Copper Falls on Trade Tariff Turmoil -- Market Talk
Even Though MMG (HKG:1208) Has Lost HK$1.1b Market Cap in Last 7 Days, Shareholders Are Still up 166% Over 5 Years
USA's "Copper Grab War": Has it suddenly turned into a "sprint race"?
① The style of the "Copper War" in the USA suddenly evolved into a "sprint race" this week... ② What troubles many traders is that if those cargo ships loaded with Copper arrive at the USA ports "slowly" after the implementation of Trump's tariffs, those who "calculated well" might face huge losses instead...
[Brokerage Focus] Zhongtai: This year's Copper concentrate incremental adjustment is down to 0.334 million Metal tons, with supply and demand tightness driving the Copper price center upward.
Kingwu Financial News | Zhongtai Research Reports indicates that based on the production guidance of global copper mining companies for 2025 and the increasing losses of smelting plants leading to production cuts, the increment of copper concentrate for 2025 has been revised down to 0.334 million Metal tons. At the same time, the global smelting plant operating rate has been lowered by 1 percentage point, corresponding to a global refined copper production growth rate of only 1%. The global refined copper will continue to maintain a destocking state. The tight supply-demand structure of Copper is further consolidated, driving the central price of Copper upwards.
Highlights from the Brokerage morning meeting: The supply and demand structure of Copper is becoming more solid, driving the price center of Copper upwards.
In today's brokerage morning meeting, China Securities Co., Ltd. proposed that the supply and demand for Coal maintains a loose running state, with mandatory green certificate consumption enhancing market demand; Galaxy Securities stated that the electronic Industry is experiencing a mild recovery, focusing on the integration of AI and end Hardware; Zhongtai believes that the tight supply and demand structure for Copper is further solidified, driving the central price of Copper upwards.
Zhongtai: Global refined Copper continues to maintain a destocking state, with a tight supply and demand structure driving the Copper price center upward.
China and Thailand have adjusted the increase in Copper concentrate for 2025 to 0.334 million Metal tons, while also lowering the Global smelter operating rate by 1 percentage point, corresponding to a growth rate of only 1% in Global refined Copper production.
