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

JPMorgan: Is Gold Priced at $4,600 Really Expensive?

JPMorgan pointed out that, according to the traditional model (fair value of $1,000-$1,900), gold is significantly overvalued, but this does not mean it is "wrong"—the high premium reflects a rational pricing of geopolitical risks, damaged U.S. dollar credibility, and the failure of the 60/40 portfolio. The real drivers of the rally—the "century rebalancing" of Western pension funds into gold and stagflation trades—have yet to kick in, and $4,600 may be a worthwhile "insurance premium" to pay.

wallstreetcnMay 7 13:48

DMP has reached its year-to-date high, developing an automatic number plate recognition solution and expanding its application to AI cameras.

The company announced the development of an automatic license plate recognition solution utilizing edge AI semiconductors and its proprietary license plate recognition software, 'ZIA Plate,' for deployment in both domestic and overseas markets for edge AI cameras. By completing license plate recognition at the edge, which had previously relied heavily on cloud processing, the company claims improvements in real-time performance, cost efficiency of implementation, operational reliability, and security.

Fisco JapanApr 22 13:47

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

Overseas Research Selection 0417 | JPMorgan: Global humanoid robots to reach 5 billion units by 2030

① Deutsche Bank: Predicts that the Federal Reserve will keep interest rates unchanged in 2026; ② JPMorgan: Global humanoid robots to reach 5 billion units by 2030; ③ Bank of America: AI servers achieve strong growth despite memory cost pressures; ④ HSBC: Predicts gold prices to reach $5,075 per ounce by the end of 2027.

cls.cnApr 17 17:14

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.

Zhitong FinanceApr 13 12:02