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Will copper prices soar in the long term? BHP Group Ltd: The AI wave will intensify the copper shortage.
①Although the global copper market is currently in a phase of weak demand, mining giant BHP Group Ltd. warns that future copper demand will largely skyrocket due to the artificial intelligence wave; ②BHP Group Ltd. warns that copper is a key metal in the transition to clean energy, and the development of artificial intelligence will exacerbate the copper shortage issue.
South America's Copper Supply Remains Weak – Commerzbank
Northeast Securities: Gold prices hit a new historical high, and copper prices continue to rebound.
As inflation continues to decline and the Fed manages expectations before cutting interest rates, the price of gold has hit a new historical high again.
Ping An Securities: The pricing utility of gold as a currency is prominent and the copper-gold ratio has been distorted in the past two years.
Ping An Securities believes that the recent trend of copper-to-gold ratio is distorted. The current copper valuation is relatively low, and copper prices are expected to undergo upward correction.
Founder Securities: Prices of non-ferrous industry and industrial metals are weakening, and gold prices are reaching new highs.
Domestic demand for industrial metals has entered the off-season, coupled with increasing expectations of a U.S. economic downturn. Industrial metal prices may remain weak, and attention can be paid to downstream demand changes in the off-season. In addition, the expectation of interest rate cuts is gradually fermenting, coupled with the weakening of the U.S. credit system, and the short-term gold price may maintain a high-level shock trend.
CMRU: INSIDE INFORMATION(1) SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE QUARTERLY UPDATE ON RESUMPTION PROGRESS;(2) UPDATE ON DELAY IN PUBLICATION OF RESULTS AND REPORTS; AND(3) CONTINUED SUSPENSION OF TRADING
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