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Hudbay Minerals Inc Price Target Raised to C$18.00/Share From C$14.50 by Eight Capital
Hudbay Minerals Inc Price Target Raised to C$18.00/Share From C$14.50 by Eight
Gold Rises to a Seven-Week High as the Dollar and Yields Tumble After U.S. Inflation Slowed Last Month
Gold traded at a seven-week high early on Thursday, spiking back above the US$2,400 mark for the first time since May 22 after U.S. consumer prices rose less than expected last month, sending the
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.
Market Chatter: Canada Move To Limit Mining M&A Hurts Big Metals Producers, Scotia Says
New Canadian rules limiting foreign takeovers of mining companies will leave the nation's biggest metals producers with lower valuations than their global peers, according to Bank of Nova Scotia's min
The Fed's Ambivalence: What Investors Can Expect from Its Dovish Shift
While the Federal Reserve has kept interest rates unchanged, recently released economic data such as PCE, CPI, and the unemployment rate suggest that inflation is trending in the right direction, leading the market to believe that a cycle of decreasing interest rates will begin soon. However, the debate continues; it's not about "whether or not," but rather "when and how" rate cuts will occur.
Express News | Freeport Mcmoran up 4.8%, Southern Copper up 6.3%; Canadian Miners Teck Resources, Hudbay Minerals and First Quantum Minerals Rise Between 3.6% and 7%
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KLSE INVESTORS CLUBOP : Copper Falls After Hawkish Fedspeak as Record Rally Loses Steam
(Bloomberg) -- Copper and other base metals fell after the Federal Reserve signaled US interest rates will likely stay higher for longer than previously indicated, a scenario that may crimp demand for industrial commodities.
The metal, sometimes seen as a barometer of the global economy, pared gains made Wednesday after the central bank’s policymakers penciled in just one interest-rate cut this year, down from three expected in March.
The hawkish signal came amid investor concerns that copper’s rally to a record last month ran ahead of market fundamentals. The metal has fallen more than 10% from that high due to worries about a steady increase in global inventories, profit-taking by investment funds and weak Chinese demand.
The Fed’s hawkish comments triggered the price decline on Thursday, said Wang Yue, an analyst with Shanghai East Asia Futures Co.
Copper was down 1.2% at $9,829 a ton on the London Metal Exchange as of 11:36 a.m. in Shanghai. Aluminum lost 1.7%, while zinc and tin fell more than 1%.