China Daye Nonferrous Metals (00661.HK) plans to provide certain services to China National Aluminum
Gelonghui, May 30, 丨 China Daye Nonferrous Metals (00661.HK) announced that on May 30, 2024, the company and China National Aluminum entered into a service framework agreement with China National Aluminum for the Group to provide certain services to China Aluminum. The Group will provide a number of services to China Aluminum, including commissioning guidance services, pre-employment training services, operation and maintenance services, and other services agreed upon by the parties from time to time.
The World's Top Miner Abandoned Its Proposed Megadeal. Here's What Could Be Next for BHP
By Rhiannon Hoyle BHP Group thought it could buy its way to becoming the world's top copper producer. Now, it may need to expand or build its own mines to get there, a potentially fraught journey give
Has the sharp rise in copper prices brought about a windfall? Global Telecom Giants: Now it's time to recycle old copper cables!
① As copper prices rose sharply during the year, global telecom giants suddenly discovered that they now have a “windfall” within reach: old copper cables. ② According to estimates by TXO, a British company that provides engineering services to the telecommunications industry, in the process of migrating to fiber-optic cables, telecommunications companies will recycle up to 800,000 tons of copper cables within the next ten years, worth more than 7 billion US dollars at current prices.
Express News | Goldman Sachs: Copper prices are expected to resume a sharp rise once limited stocks of cheap alternatives are exhausted, and will rise an additional 15% to $12,000 per ton by the end of the year.
Express News | UBS Group: Copper prices are expected to reach $11,500 per tonne by the end of the year and reach $12,000 or more per tonne by mid-2025.
UBS: Buy gold below 2,300 at will, and increase your position on copper when it falls
UBS pointed out that there is still room for gold, crude oil and copper to rise, and commodity gains are unabated.
The gains in gold, silver, and copper have taken a break. How is the momentum going?
The upward trend in gold, silver, and copper is far from over. Gold bulls may challenge 2,600 dollars. When will silver actually catch up with gold? Copper may experience a period of consolidation before returning to gains.
China Daye Appoints CEO
China Daye Non-Ferrous Metals Mining (HKG:0661) has appointed Zhang Jinzhong as its new chief executive officer, effective May 28, according to a filing with the Hong Kong Exchange on Tuesday. He repl
China Daye Nonferrous Metals (00661): Zhang Jinzhong appointed as CEO and authorized representative
China Daye Nonferrous Metals (00661) issued an announcement. Zhang **** proposed the resignation of the company as an executive director due to other matters...
After the oil market was thwarted, the “god of crude oil trading” turned to Dr. Copper: Copper prices are expected to soar to 40,000 US dollars in the next four years
Hedge fund manager Pierre Andurand expects copper prices to nearly quadruple over the next few years to reach $40,000 per ton due to a shortage of global copper inventories due to surging demand.
The “god of crude oil trading” is optimistic that the copper market will continue: it will reach 40,000 US dollars per ton in the next four years
① Anduran predicts that in the next few years, the price of metallic copper will be close to four times today, reaching 40,000 US dollars per ton; ② “At that point, the price of copper will not necessarily remain at this price level because supply will respond to the price, but it will take more than five years for the supply to respond.”
Business Association: Negative pressure on recent sharp falls in copper prices and is expected to fluctuate at a high level in the short term
The Zhitong Finance App learned that according to the Commodity Market Analysis System, copper prices dropped sharply last week. As of the weekend, the spot price of copper was 83,275 yuan/ton, down 4.42% from 87121.67 yuan/ton at the beginning of the week.
Express News | CITIC Construction Investment: The copper sector is an adjustment, not a peak shift
Copper is followed by aluminum. Is the next vacuum about to happen? Commodity giant Torque VS Wall Street!
The battle for $1 billion worth of aluminum inventory is about to begin! The market's bullish expectations for aluminum prices reached their highest level in two years.
Copper prices are expected to quadruple! Top commodities trader: Copper is at the heart of the energy transition, demand is about to soar
Pierre Andurand believes that copper prices still have huge room to rise and may quadruple to $40,000 per ton in the next few years.
The “god of crude oil trading” abandons oil and switches to copper! I am convinced that the copper market is far from over
Anduran's fund has risen 83% this year, and earnings come from a wide range of commodities.
Behind the pullback in copper prices but still at a high level: many copper-clad plate manufacturers raised product prices, downstream companies say “the impact is currently limited”
① Some industry practitioners said that in addition to being affected by global geographical factors, etc., the shortage of raw materials in the upstream copper-clad plate industry chain and price increases, demand for consumer electronics, semiconductors, etc. in the downstream industrial chain continues to pick up, which is the root cause of the increase in the price of copper clad plates. ② People from the Nanya New Materials Securities Department said that the company's large price increase was mainly for low-end products such as lead-free and halogen-free products; however, the price increase was not significant for high-end production lines such as high-frequency high-speed boards and automotive boards.
Is the Copper Market carnival not over yet?
Copper supply problems may continue, and if the Federal Reserve cuts interest rates, it may also cause copper prices to rise.
After a record high, the “incomprehensible” copper price has finally pulled back. Will it “grow short and long” in the future? 丨New commodity cycle
① The rise in copper prices in this round was mainly caused by disturbances on the mining side. At the same time, macro-positive trading expectations and high financial sentiment are also “fueling the fire.” ② Many interviewees believe that the current high copper price has broken away from the relationship between supply and demand, and they hope to give the industry chain a chance to take a break after a deep correction. ③ Most of the interviewees held the “short term growth” view on future copper prices.
Record open positions! The global futures market is already playing behind the explosion of the “periodic table of elements” Hi
① In the past few months, the most impressive market in the global financial market is probably the “periodic table of elements” market in the commodity market. ② The speculative boom of traders in the futures market has pushed the prices of metals such as copper and gold to historic highs; ③ Many fund managers are either betting that these metals will face a shortage of supply or are trying to hedge against the risk of inflation.
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