Zhongtai Securities: The slowdown of the US economy continues to boost the upward momentum of the nonferrous metals sector.

This week, the overall US economic data fell, and the expectation of interest rate cuts rose again, supporting the rise of metal prices. In the medium to long term, the actual yield of US long-term bonds is at a historical high of about 2%, and the US economic upward risk is relatively low under high interest rates. With the reshaping of the global credit pattern, the price of metals will rise to new heights.

Zhitong Finance02:59 ET

Jefferies Financial predicts a surge in copper and aluminum prices, and recommends mining stocks such as Aluminum Corp of America (AA.US) and Glencore (GLNCY.US).

According to analysts at Jefferies Financial on Monday, they have made an optimistic market prediction, believing that copper and aluminum prices are expected to rise in the medium term. This expectation is based on the growth of electrification demand, global economic recovery, and limitations on supply. Based on these factors, analysts recommend that investors consider purchasing stocks of leading producers in the copper and aluminum industries, particularly recommending Alcoa (AA.US) and Glencore (GLNCY.US). The investment bank is cautiously optimistic about mineral product prices in the second half of this year and plans to rely on the Purchasing Managers Index (PMI) for global manufacturing to make projections.

Zhitong FinanceJul 8 20:32 ET

Aluminum oxide prices have risen to a two-year high, and China's aluminum oxide industry is actively increasing production.

Aluminum oxide prices reached $510 per ton, hitting a two-year high. The price increase has stimulated aluminum oxide production in China, with new projects in Shandong, Chongqing, Inner Mongolia, and Guangxi to be put into operation in the second half of this year. Chinese aluminum oxide producers are increasing production to seize this opportunity of high stock prices.

wallstreetcnJul 8 14:34 ET

Copper, Aluminum Producers Look Attractive Amid Rising Prices

0912 GMT - Copper and aluminum prices are likely to increase over the medium term on rising demand from electrification, a growing global economy and supply constraints, Jefferies says. "Our call is t

WSJJul 8 05:13 ET

Mined Commodity Markets Tipped for 2H Turnaround -- Market Talk

Jefferies analysts are cautiously optimistic about the 2H outlook for mined commodity prices and say they'll be crunching numbers including global manufacturing PMIs and property market data ahead to determine if demand is recovering from its 2Q soft patch.

WSJJul 8 01:03 ET

Express News | Alcoa Corp : Jefferies Raises Target Price to $55 From $48

ReutersJul 8 00:49 ET