Express News | Bloomberg: Freeport Indonesia postpones full restart of Grasberg copper mine by one year
Materials Up on Peace-Talk Hopes - Materials Roundup
The Hormuz crisis reshapes the pricing logic of metals! Stagflation clouds weigh on copper prices, while the aluminum market experiences supply panic.
In this round of geopolitical conflicts in the Middle East, the smelting and logistics chains in the region have been directly impacted. The Middle East accounts for approximately 10% of global primary aluminum production.
Goldman Sachs Warns: Risk of Copper Price Plunge Intensifies, Strait Blockade Could Be the 'Final Straw'!
Goldman Sachs has warned that a prolonged blockade of the Strait of Hormuz would drag on the global economy due to elevated energy costs. Copper prices have currently deviated from fundamentals, and if the situation worsens, copper prices may fall further.
According to the CFTC持仓 report, bullish positions in gold slightly increased, while bullish sentiment for crude oil cooled.
According to data from the U.S. Commodity Futures Trading Commission (CFTC), during the week ending March 31, speculators on the New York Mercantile Exchange (COMEX) increased their net long positions in gold by 1,098 contracts to 93,872 contracts; reduced their net long positions in silver by 99 contracts to 10,816 contracts; and increased their net long positions in copper futures by 3,491 contracts to 39,292 contracts. During the week ending March 31, crude oil speculators reduced their WTI net long positions by 23,898 contracts to 103,707 contracts. During the week ending March 31, speculators on the New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange...
Friday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session