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07.09.26 - 21:33
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Iron Ore Bottom In? Prices Reclaim $100 On "Improving Downstream Conditions" (ZeroHedge)
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Iron Ore Bottom In? Prices Reclaim $100 On "Improving Downstream Conditions"
Iron ore futures in Singapore surged above $100 a ton, the highest level since mid-July, as tightening Chinese coking coal supplies lifted steelmaking costs and early signs of improving seasonal demand supported prices across the steel supply chain.
Rafael Barcellos, head of Latin American metals and mining, pulp and paper equity research at Bradesco BBI, wrote in a note last week that the coal squeeze is helping support steel prices, with rebar and hot-rolled coil reaching multi-month highs. Improving downstream conditions are, in turn, providing support for iron ore.
Barcellos pointed to China's August manufacturing purchasing managers' index as another encouraging economic signal.
Iron ore inventories also continued to decline, spot activity at Chinese steel-trading houses increased for a second consecutive week, and steelmaker margins improved. Blast furnace utilization, however, declined for a seco...
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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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07.09.26 - 16:24
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Kupfer-Boom: Markus Bußler analysiert 15 Aktien (Der Aktionaer)
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Kupfer erreicht Rekordstände. Die Nachfrage steigt. Das Angebot kommt kaum hinterher. Und während viele Anleger den Boom noch beobachten, werden im Minensektor bereits die nächsten Gewinner gesucht. Jetzt kommt es auf die richtige Auswahl an....
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05.09.26 - 02:12
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Topco targets optical comms, cooling as copper gives way (Digitimes)
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System integration remains a key hurdle as the AI chip industry pushes for higher power efficiency and faster transmission speeds, drawing intense attention to when short-reach optical communications between racks and chips will enter practical use. Industry players say the maturity of system integration is still the main consideration for commercialization....
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