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Copper Rises, Aided by Prospects of China's Fiscal Stimulus -- Market Talk
Bank of America's outlook for the bulk market in 2025: Tariffs cast a shadow over the global market, crude oil enters an oversupply cycle, with gold shining alone, soaring straight to $3,000.
Bank of America Merrill Lynch expects that due to a significant increase in production from non-OPEC countries, coupled with the possibility of OPEC+ releasing more supply, the crude oil market may enter a surplus cycle, with the average annual price of Brent crude oil expected to be $65 per barrel. Basic metals are experiencing price fluctuations amid differentiated supply and demand. Driven by macroeconomic uncertainty and risk aversion sentiment, gold remains one of the most attractive precious metals in 2025.
China Nonferrous Mining's (HKG:1258) 35% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
Cancellation of aluminum and copper material export tax rebates; domestic and international prices show differentiation; leading enterprises accelerate overseas layout.
① Following the announcement of the cancellation of export tax rebates for aluminum and copper materials, aluminum prices showed a trend of "strong externally, weak internally"; ② In the long term, this will drive the industry to focus on high value-added product areas and the overseas expansion of enterprises.
Copper Expected to Get Election Day Boost -- Market Talk
Hong Kong stocks are moving differently | Copper stocks rebounded in early trading, limited downside space for bulk metal prices, strong macro sentiment providing solid support for copper prices.
Copper stocks rebounded in the morning, as of the press time, mmg (01208) rose by 7.69%, to HK$2.94; chinfmining (01258) rose by 5.23%, to HK$5.83; jiangxi copper (00358) rose by 4.89%, to HK$13.74; zijin mining group (02899) rose by 2.65%, to HK$17.02.
Why Investors Shouldn't Be Surprised By China Nonferrous Mining Corporation Limited's (HKG:1258) 28% Share Price Surge
