01208 MMG
- 4.250
- -0.120-2.75%
MMG News
Futu Morning Post | The commodity carnival continues! Gold and copper continue to reach record highs; Microsoft releases a new generation of AI PCs; Ideal Auto's US stock falls by nearly 13%
The two vice chairmen of the Federal Reserve spoke out at the same time: they emphasized the need to be cautious about the inflation trend; the Wall Street Bank raised the target price of the S&P 500 index to a maximum of 5,600 points; the US Securities Regulatory Commission changed its attitude and may approve the first Ethereum ETF.
The commodity carnival continues: Luntong reached a record high, silver fluctuated wildly, and iron ore continued to rise
① Luntong reached another record high. Although the long-term trend is clear, the short-term core hype factor is about to face the test of “flameout”. ② Industrial metals have collectively strengthened, driving black trading sentiment, and iron ore has also hit new highs in nearly three months under the impetus of policies; ③ Gold and silver continue to face fierce competition in the market.
Goldman Sachs “changed its voice”: Despite long-term optimism, it is cautious about copper in the short term, and beware of a repetition in the second quarter of 2021
After copper prices soared 20% in the first quarter of 2021, demand began to experience negative feedback in March. At the end of May, copper prices were reduced by 9% from 10,240 US dollars/ton, and then copper prices embarked on a more moderate and sustainable upward path.
Is the precious metals market playing a “rich-making game”? Gold, silver and copper are “rising”, and these Hong Kong and US stocks are expected to benefit!
As investors' expectations that the Federal Reserve will lead the world's central banks to cut interest rates during the year continue to heat up, and news surrounding the helicopter accident involving the Iranian president has also stimulated safe-haven demand in the precious metals market.
Former head of commodities at Goldman Sachs: Hurry up and buy copper, this is currently the “best deal”!
① Currie, former head of commodity research at Goldman Sachs, said that the copper supply problem will cause the price of this metal to rise sharply; ② the price of copper has already soared by more than 21% in 2024; ③ However, Currie expects the price of copper to reach 15,000 US dollars per ton in the next few years.
It surpassed $11,000 for the first time! “Dr. Copper” continues to soar, investors are betting on the prospect of supply shortages
As supply shortages are expected to intensify, financial investors are pouring into the copper market, which has helped copper soar to its highest level in history, continuing strong gains for several months.
Hong Kong Stock Afternoon Review | The three major indices rose one after another. Auto stocks and gold stocks strengthened. Xiaopeng Motor rose nearly 8%, and Lingbao Gold rose more than 10%
Technology Network stocks had mixed ups and downs. Jingdong rose more than 3%, Baidu fell nearly 3%; copper stocks rose sharply, Wanguo International Mining rose more than 7%, and Minmetals Resources rose more than 6%.
Changes in Hong Kong stocks 丨 Copper prices peaked, Jinchuan International hit a new high in nearly 2 years, and Jiangxi copper and mineral resources hit a 3-year high
Continuing the upward trend, copper prices on the London Metal Exchange (LME) once again surged 4% to $11,104 in the intraday session today, reaching another record high. Concept stocks related to the Hong Kong stock market rose collectively.
Hong Kong Stock Concept Tracking | Metal Bull Market? Silver spot surged 6% in a single day, and there is room for gold, silver, and copper to rise further (with concept stocks)
On Friday night trading, precious metals and industrial metals once again ushered in an overall rise.
Direct impact of changes | Non-ferrous stocks generally opened higher, Minmetals Resources rose more than 6%, and Zhaojin Mining rose nearly 5%
Non-ferrous stocks generally opened higher in early trading. As of press release, Minmetals Resources (01208) rose 6.14% to HK$4.32; Zhaojin Mining (01818) rose 4.83% to HK$13.2; and China Nonferrous Metals (01258) rose 3.98% to HK$8.62.
Gold and silver are booming in the short term! Luntong led the explosion of non-ferrous metals across the board
Bullish bets on gold have surged, and the strong rise in copper is affecting silver. Investors are piling up to invest in metals, buying long positions, closing short positions, and adding large amounts of margin... The metals market is very lively.
Changes in Hong Kong stocks 丨 US Copper futures continued to push the market short. Copper concept stocks strengthened collectively, and Minmetals resources surged more than 8%
Gelonghui, May 20 | Copper concept stocks rose collectively in the Hong Kong stock market. Among them, Minmetals Resources rose more than 8%, China's non-ferrous mining industry rose nearly 8%, China Gold International rose 6%, Wanguo International Mining rose more than 5%, Jiangxi Copper Co., Ltd. and China Daye Nonferrous Metals rose more than 4%. According to the news, the shortfall in US copper continues, which has shaken the international market. Last week, the price of copper on the New York Mercantile Exchange (COMEX) soared, once reaching a record high. The closing price of the main July contract reached the $11,200 per ton mark last Friday, rising more than 9% in a single week. Citigroup Research Report Says COMEX and London Metals Trading
The international metals market is “fighting for glory”: gold and silver sprint to new highs, copper and nickel continue to boom
① Spot gold rose more than 1.5% to $2,414 per ounce, approaching the record high set last month; spot silver rose even more strongly, surging 6.3% in a single day; ② Portfolio manager Matthew Heap told the media, “Many funds missed the rise in gold. Obviously, they are very eager to participate in copper.”
Gold, silver, and copper are rising! Silver has broken through a ten-year high, and a new round of large-scale supercycles has begun?
Global commodities are once again booming!
Bullish bets have increased substantially! The whole world is crazy about copper
Goldman Sachs warns copper is “at the moment of cocoa.”
New York copper is mired in a “war of emptiness” to shock the non-ferrous metals market
The Zhitong Finance App learned that the huge mismatch between copper prices traded in New York and other commodity exchanges shocked the global copper market and prompted people to frantically buy copper shipped to the US.
Why is “Doctor Copper” soaring? What are the prospects?
Copper prices may continue to be bullish, but analysts warn that the market needs to verify this trend beyond short-term momentum.
Intraday Overview | The Hong Kong stock index fluctuated higher, domestic housing stocks rose strongly, and COSCO Group rose more than 46%
Property management stocks followed the strengthening of domestic housing stocks. Greentown Services rose more than 16%, Shimao Services rose more than 15%; after Tencent's performance, it rose more than 4%, and Alibaba fell nearly 3%.
Hong Kong stock changes丨Minmetals Resources rose nearly 9% and was included in the MSCI China Index
Gelonghui, May 16 | Minmetals Resources (1208.HK) rose nearly 9% to HK$4.12 at the beginning of the session. According to the news, MSCI's official website announced its semi-annual index adjustment results in the early morning of May 15, Beijing time. Among them, Minmetals Resources was included in the MSCI China Index, and the weight increase was leading. The adjustment results will take effect after closing on May 31.
Huatai Securities: Three Implications of MSCI China's Adjustment
Huatai Securities released a research report saying that in the early morning of May 15, MSCI's official website announced its semi-annual index adjustment results. Among them, the MSCI China Index included 8 A shares and 2 Hong Kong stocks, and excluded 41 A shares and 15 Hong Kong stocks. The adjustment results will take effect after closing on May 31. Three tips: 1) After reviewing the 13 rounds of adjustments since 21 years ago, the MSCI China A share adjustment may have a stable excess income window, and the incident effect of the semi-annual review is stronger, while Hong Kong stocks are regular or relatively weak due to the small extent of the adjustments. 2) Before and after the index adjustment came into effect, foreign capital (mainly passive foreign capital) flowed to China's equity market
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