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07.09.26 - 17:57
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The Copper Chart Causing Alarm (ZeroHedge)
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The Copper Chart Causing Alarm
Copper futures in London continue to move higher, once again approaching record highs, as US buyers purchase record volumes from the seaborne market, with imports reaching 200,000 tons in July. A phased US tariff would keep that buying in motion for longer, further tightening the ex-US market and limiting any near-term price correction in London trading.
Rafael Barcellos, head of Latin American Metals & Mining and Pulp & Paper Equity Research at Bradesco BBI, wrote in a note last week that global mine supply is deteriorating. He warned that severe weather in Chile has forced Antofagasta and Lundin to cut their production guidance, further tightening an already stressed physical market.
Barcellos explained:
Copper prices extended their July rally into August, running above US$14,000/t throughout the month and reaching ~US$14,450/t as of August 30. Momentum has been driven by near-term physical tightness, as refined copper continues to flow into the US ahead of a p...
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21.08.26 - 11:30
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Thyssenkrupp-Aktie: Citi hebt Kursziel nach China-Impuls an (Sharedeals)
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Chinas Konjunkturpolitik hat am Freitag die europäischen Rohstoff- und Stahlwerte kräftig nach oben getrieben. Bloomberg berichtete, dass die chinesische Führung mit deutlich stärkeren Finanzhilfen auf schwächere Wirtschaftsdaten aus dem Juli reagieren will. Das reichte, um den gesamten Sektor aus seinem Korrekturmodus zu reißen. Antofagasta und Stahlwerte legen deutlich zu Der Stoxx Europe 600 Basic Resources […]
The post Thyssenkrupp-Aktie: Citi hebt Kursziel nach China-Impuls an first appeared on sharedeals.de....
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