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Will Copper prices break ten thousand? Before the tariffs, there is a rush to import, and the trend of stockpiling in the USA may trigger a global copper inventory crisis.
Citibank stated that within the next three months, copper prices will break through the $0.01 million per ton mark, and the global copper market will remain tight until the USA's import tariff policy becomes clear. Goldman Sachs indicated that by the end of the third quarter, the rise in copper prices will cause USA copper stocks to surge from the current 0.095 million tons to at least 0.3 million to 0.4 million tons, accounting for 45-60% of the global reported inventory, while copper stocks in Other regions will be very low.
Citibank: Before the tariff timeline in the USA becomes clearer, Copper prices may reach $10,000 per ton.
Citi expects that in the next three months, Copper prices will reach $10,000 per ton and stated that the Global Copper market will remain tight until the timeline for USA import tariffs becomes clearer.
Hong Kong stocks movement | The Wan Guo Gold Group (03939) rose over 5% against the trend and officially entered the Stock Connect list from today. The company expects a year-on-year increase of over 60% in annual net profit.
Wanguo Gold Group (03939) rose over 5% against the market trend, as of the time of writing, up 4.06%, at 13.32 HKD, with a transaction amount of 27.5344 million HKD.
GTJA: After the holiday, the operating rate of Copper and Aluminum processing continues to recover, and the inflection point for inventory reduction has appeared.
GTJA Securities stated that the Two Sessions are currently being held, releasing signals for stable growth, and macro expectations are improving. At the same time, after the holiday, the processing rate of Copper and Aluminum continues to recover, approaching the peak season, and there has been a turning point in the destocking of social reserves, providing support for prices.
WANGUO GOLD GP: Date of Board Meeting
Wanguo Gold Group (03939.HK) profit alert: expected annual profit to increase by no less than 60%.
On March 6, Gelonghui announced that the International Gold Group (03939.HK) expects to record a profit attributable to shareholders of no less than RMB 536 million for the year ending December 31, 2024, an increase of no less than 60% compared to the previous year (approximately RMB 335 million). The main reason for the expected increase in profit is due to an increase in the sales volume of gold products.
