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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
CMRU (01636.HK) continues to work hard to meet the requirements of the resumption guidance and remains suspended.
On June 28th, Geely Hui announced that CMRU (01636.HK) is still considering and planning its resumption plan and will continue to take appropriate measures to correct the issues that caused its suspension of trading to comply with the resumption guidance and listing rules. There has been no significant progress in this area since the company's quarterly update announcement on March 28, 2024. The company is working hard to prepare and finalize all financial performance and reports that have not yet been released and continue to strive to meet the resumption guidance requirements. The company will seek to resume trading of its shares on the HKEx as soon as possible. The trading remains suspended.
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