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South America's Copper Supply Remains Weak – Commerzbank
Wanguo International Mining Group (HKG:3939) Jumps 6.7% This Week, Though Earnings Growth Is Still Tracking Behind Five-year Shareholder Returns
Shareholders Should Be Pleased With Wanguo International Mining Group Limited's (HKG:3939) Price
[Brokerage Focus] Macro expectations weakening and poor demand have put pressure on copper prices. There is still a risk of prices falling in the short term.
Jingu Financial News | Zheshang International stated that overseas inflation data fell more than expected, with market expectations of a rate cut by the Federal Reserve in September, opening up room for rate cuts. In terms of spot, copper ore supply is relatively tight, processing fees have fallen to historic lows, smelter profits are under pressure, but electrolytic copper production continues to grow, and expectations of supply contraction have failed. In terms of demand, the high copper price limits downstream demand to a certain extent, end orders have not shown significant improvement yet, processing enterprises are cautious in procurement, and inventory turnover is not smooth. Overall, weak macro expectations and poor demand are putting pressure on copper prices, with short-term price downside risks still present, focusing on smelter operations.
Wanguo International Mining Reports 73% Growth in H1 Profit
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.
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