Prices retreated amid concerns over falling commodity prices and a decline in mortgage applications.

Market Overview for the Week of August 10–14: The S&P/ASX 200 recorded a high of 9,282.9, a low of 9,090.5, and closed at 9,115.2, down 1.6% from the previous week. The index retreated amid concerns over falling commodity prices and a decline in mortgage applications. On August 11, the Reserve Bank of Australia (RBA) kept the policy interest rate unchanged at 4.35%, in line with market consensus. As expectations for further rate hikes had already receded following the recent rally in equity prices, the announcement was largely priced in, leading to a "buy the rumor, sell the fact" dynamic. On the 13th, ANZ Group, a major bank, cited tax system changes...

Fisco JapanAug 16 12:22

Winter storms in Chile disrupt copper mining; producers issue further warnings of tightening supply

① A deadly storm struck northern Chile, triggering floods and heavy snowfall, forcing the suspension of large-scale copper mining operations; mining activities and logistics in parts of Argentina were also affected. ② The storm represents a short-term disruption linked to El Niño, but analysts note that weather-related disruptions are becoming a recurring feature of global copper supply. ③ Beyond operational challenges posed by climate change, copper mining also faces declining ore grades and aging mines, contributing to a tightening of global copper supply.

cls.cnJul 30 11:56

BHP Group Ltd port workers plan to strike, potentially disrupting operations at the world's largest iron ore export terminal.

① Hundreds of workers at Port Hedland are scheduled to stage an eight-hour work stoppage from 2 p.m. to 10 p.m. on July 16; ② BHP Group Ltd stated: "A robust iron ore industry is in the interest of all Australians. We look forward to continuing constructive negotiations to reach a fair agreement while ensuring the safety and stability of our operations."

cls.cnJul 8 16:59

CITIC Securities: Supply disruptions in copper mines re-emerge, with annual production forecasts officially entering a decline.

As Freeport once again postponed the resumption of its Indonesia project and comprehensively lowered its production guidance for 2026-27, global major copper mining enterprises’ production expectations for 2026 have officially entered a decline. Additionally, the potential impact of subsequent extreme weather may lead to an expansion of supply disruptions. CITIC Securities anticipates that the recent unexpected destocking in China, reflecting robust supply-demand logic, along with easing macroeconomic pressures, will drive copper prices to stabilize above USD 13,000 per ton in Q2 2026. Amid expectations of a supply-demand imbalance, copper prices are likely to test previous highs. CITIC Securities highlights the investment opportunity in the copper sector driven by the synergy of profit elasticity and valuation upside. Copper supply disruptions re-emerge, leading to a formal reduction in annual production forecasts.

CITIC Securities ResearchMay 12 10:49

Not Just Fertilizers! The 'Sulfur Shortage' is Triggering a Chain Crisis – Will Copper and Nickel Supply Become the Worst Hit?

① In the past few weeks, the turmoil in the global aluminum market triggered by the Iran war has frequently appeared in media reports. Now, its impact is further spreading to the supply chains of two other major industrial metals, copper and nickel; ② The transmission medium of this chain reaction is sulfur—a byproduct of the petroleum and natural gas industries in the Gulf region. Since the closure of the Strait of Hormuz on February 28, a significant portion of its supply has effectively been cut off.

cls.cnApr 20 14:35

JPMorgan warned: If the Strait of Hormuz does not fully resume operations until July, oil prices could soar to $120.

①JPMorgan recently stated that if shipping through the Strait of Hormuz does not fully resume until July, international oil prices may retest the peak level of nearly $120 per barrel seen during this round of U.S.-Iran tensions. ②The bank noted that current market pricing reflects expectations for a swift recovery in shipping through the Strait of Hormuz: traffic is expected to return to half of normal levels by May and fully recover by June.

cls.cnApr 11 10:12