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09.06.26 - 18:51
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Jefferies: "Turns Out, We Weren′t Bullish Enough On Copper" (ZeroHedge)
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Jefferies: "Turns Out, We Weren't Bullish Enough On Copper"
"Turns out, we weren't bullish enough on copper," Jefferies analyst Christopher LaFemina wrote in a note to clients, marking a notable shift from one of Wall Street's most seasoned metal voices. LaFemina joined Jefferies in 2011 after more than a decade covering metals and mining at Lehman Brothers and Barclays, lending weight to his view that the explosive growth in AI data center buildouts, power grid and infrastructure upgrades (a theme he calls "powering up America"), and tight supply are creating structurally higher prices for copper.
LaFemina raised his 2030 target and now expects copper to average $8 per pound, or $17,636 a ton. COMEX copper last traded around $6.34 a pound, while LME copper was near $13,583 a ton.
On a longer timeframe, the LME copper chart suggests the $10,000 level was the breakout zone, further supporting LaFemina's 2030 target given the current supply-tightening backdrop.
"Turns out, we weren't bulli...
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09.06.26 - 08:18
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EU quota system ′could kill Ukrainian steel industry′, boss says (The Guardian)
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Protectionist measures will deal blow to country's budget as it defends itself against Russia, says Metinvest chiefNew EU limits on steel imports could destroy Ukraine's industry and deal a big blow to the country's budget as it defends itself against Russia, according to the head of its biggest steelmaker.Yuriy Ryzhenkov, the chief executive of Metinvest, said the new EU quota system due on 1 July could “kill the Ukrainian steel industry”. Continue reading......
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09.06.26 - 07:06
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SuperAlloy targets semiconductor supply chain with recycled aluminum push (Digitimes)
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SuperAlloy reported that rising demand from global luxury and supercar manufacturers, alongside green procurement policies, drove higher sales of recycled aluminum in May, lifting group momentum into the first half of 2026. The company said consolidated revenue for May reached NT$635 million (US$20.14 million) — up 6.7% from April and 18.74% from the same month in 2025. Cumulative consolidated revenue for January through May 2026 totaled NT$3.103 billion, up 2.86% year over year, returning the company to positive growth for the period....
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09.06.26 - 05:48
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Eight dead in Indian state owned steel plant blast (IntelliNews)
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The accident happened when a sudden explosion during a steel casting operation sent a fireball to the ceiling height of the facility and set an overhead crane ablaze, in one of the most serious incidents at the state-owned plant in recent memory....
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08.06.26 - 13:54
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Unions attack ′year-long delay′ for Tata Steel furnace′s grid connection in south Wales (The Guardian)
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Government urged to help speed up vital industrial project amid growing alarm over National Grid delaysTrade unions have called for the government to intervene to speed up Tata Steel's connection to the electricity grid in south Wales, after the company said its new furnace would be delayed by up to a year.Tata Steel last month told investors that National Grid had said it would face a six- to eight-month delay. That could stretch to 12 months amid unexpected engineering difficulties. Continue reading......
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