01258 CHINFMINING
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CHINFMINING News
Bullish bets have increased substantially! The whole world is crazy about copper
Goldman Sachs warns copper is “at the moment of cocoa.”
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.
Changes in Hong Kong stocks | Minmetals Resources (01208) rose nearly 7%, leading the way, copper stocks, Nihon Copper staged a bearish market, COMEX copper futures reached a record high
Copper stocks had the highest gains in early trading. As of press release, Minmetals Resources (01208) rose 6.86% to HK$4.05; China Nonferrous Mining (01258) rose 5.92% to HK$8.41; China Gold International (02099) rose 5.28% to HK$53.8; and Zijin Mining (02899) rose 2.61% to HK$18.86.
Witness history! Epic shortfall, New York copper futures are approaching an all-time high
An epic air force battle suddenly unfolds.
The shortfall in New York copper futures sparked a sharp rise of 3.6% in July contracts to a record high
The price of the New York copper futures market soared to a record high after experiencing a round of shorting.
Last night, New York copper futures reached a historic shortfall!
New York copper futures surged 5.5% in the intraday period, and the price of copper for Comex's July delivery jumped to an intraday high of $5.026 per pound, just one step away from the all-time high of $5.0395 set in the early days of the Russian-Ukrainian conflict in March 2022. Traders said that today's New Zealand copper is emptying like never before, causing copper cargo ships to be transported to the US. Traders with long positions on copper in July are expected to make a profit or roll it over to further contracts in the future to take advantage of huge futures discounts.
“Dr. Bronze” has soared to a new high in more than two years! The “overbought” alert has been sounded
Copper prices have soared 28% in the past 3 months and are now in the overbought region, and analysts are calling for caution.
Express News | Guojin Securities: The AI wave will bring long-term growth in downstream copper consumption
Copper prices hit a two-year high, analysts warn they have entered the overbought region
The price of copper futures climbed to the highest closing price in more than two years, but after rising by about 28% in the past three months, some analysts warned that this industrial metal has entered the overbought region
Changes in Hong Kong stocks | China's non-ferrous mining industry (01258) rose more than 5% and continued to reach new highs. The company continued to produce copper and continued to release endogenous epitaxial two-wheel drive
The Zhitong Finance App learned that China's non-ferrous mining industry (01258) rose by more than 5%, reaching a new listing high of HK$8. As of press release, it rose 5.01% to HK$7.97, with a turnover of HK$111 million. According to the news, Minsheng Securities pointed out that in the first quarter of 2024, the company achieved net profit of 84 million US dollars, down about 3% year on year. The main reason is that Q1 copper prices fell by more than 5% year on year. Judging from the completion of production, the company produced 32,500 tons of cathode copper, a year-on-year decrease of 9%, and completed 23% of the annual production guideline. The incremental items are mainly Gangbov's main ore body (cathode copper production is 9378
China Nonferrous Mining (1258.HK) 2023 Annual Report 2024 First Quarter Production Report Review: Self-produced copper continues to release endogenous+epitaxial
The company released an annual report for 2023 and a production report for the first quarter of 2024. In 2023, the company achieved operating income of US$3.66 billion, gross profit of US$877 million, an increase of 8.7% over the previous year, and net profit of 2.
Who is the best in the bulk market? Former Deputy Soros: Copper will be the “best choice” for the next five or six years!
① Drucken Miller said that as demand exceeds supply, copper prices will rise in the next five or six years; ② he said that demand for electric vehicles, data centers, and even missiles is a blessing for copper; ③ Since this year, copper prices have risen by about 18%.
Touching $10,000 once again! Goldman Sachs sings “Doctor Copper”: Shortage of supply will push copper prices to $12,000 by the end of the year
Copper prices once surpassed 10,000 US dollars per ton, as investors increased their bets on the Fed's interest rate cut, and Goldman Sachs warned that supply pressure would increase.
Copper prices once again surpassed 10,000 US dollars, and Goldman Sachs fanned the flames: there is a risk of “out of stock”
Goldman Sachs raised its target price for Luntong to 12,000 US dollars per ton at the end of the year. Skeptics warned that this round of speculative increases may soon subside.
Is breaking through $10,000 just the starting point? Goldman Sachs raised the target price of copper: the average price will reach 15,000 US dollars next year
① Goldman Sachs raised its year-end copper price target from 10,000 US dollars per ton to 12,000 US dollars per ton, which means another 20% increase from the current price; ② Goldman Sachs also predicts that the average price of copper will rise to 15,000 US dollars in 2025.
A quick look at the Hong Kong market | The three major indices have collectively pulled back, and the science index fell more than 2% to 4,000 points; domestic housing stocks rose against the market, and Xincheng Development rose nearly 6%
Technology Network stocks generally fell; Bilibili fell more than 6%, Kuaishou fell nearly 5%, and Meituan fell nearly 4%; copper concept stocks strengthened, Wanguo International Mining rose nearly 10%, and China's nonferrous mining industry rose more than 4%.
Express News | Goldman Sachs raised its copper price target by 20% to $12,000 per ton by the end of the year.
Goldman Sachs: To stimulate supply, copper prices need to rise to 15,000 US dollars
Goldman Sachs raised the forecast value for copper prices this year from 10,000 US dollars/ton to 12,000 US dollars/ton, indicating that copper prices must rise to 15,000 US dollars/ton next year to avoid a supply gap. Goldman Sachs expects the copper density of AI data centers to increase from 25 tons to 40 tons per megawatt.
Express News | Goldman Sachs raised its year-end copper target to $12,000 per ton
China Nonferrous Mining Expects 3% Decline in Q1 Profit
China Nonferrous Mining (HKG:1258) expects to record a profit attributable to owners of $84 million in the first quarter, down 3% year over year due to the decline in the average prices of internation
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