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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
Base Metals Mixed; Copper Gains But Growth Risks Remain -- Market Talk
Base Metals Rise on Moderate Tariff Relief but Prices Still Muted -- Market Talk
Hong Kong stocks are moving differently | Copper stocks have fallen again. Goldman Sachs warns that the escalation of U.S. punitive tariffs may lead to a decline in copper prices this quarter.
The copper stocks fell again. As of the time of writing, CMOC Group Limited (03993) is down 16.72%, trading at 5.13 HKD; MMG (01208) is down 16.6%, trading at 2.11 HKD; CHINFMINING (01258) is down 14.9%, trading at 4.57 HKD; JIANGXI COPPER (00358) is down 10.99%, trading at 11.82 HKD; Zijin Mining Group (02899) is down 10.39%, trading at 15.18 HKD.
"Black Monday" is here! A tariff storm sweeps across the Global market, and US stock Futures, as well as the stock markets in Japan and South Korea, along with Copper and oil, have all collapsed.
As investors digest the impact of the tariff war initiated by USA President Donald Trump, the volatility in financial markets has intensified.
Why Investors Shouldn't Be Surprised By China Nonferrous Mining Corporation Limited's (HKG:1258) 28% Share Price Surge
