03939 WANGUO MINING
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- -0.040-0.50%
WANGUO MINING News
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.
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.
A quick look at the Hong Kong market | The trends of the three major indices diverged. Auto stocks and photovoltaic solar energy stocks strengthened. After that, Xiaopeng Motor rose more than 13%, and Xinte Energy rose more than 17%
The trend of TechNet shares was divided. Kuaishou rose more than 2% and NetEase fell more than 3%; gold stocks continued to recover, and China Gold International and Lingbao Gold fell more than 4%.
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.
Changes in Hong Kong stocks | Copper stocks fell more than 5% due to the decline in copper stocks, Wanguo International Mining (03939), and copper demand has not recovered
Copper stocks had the highest decline. As of press release, Wanguo International Mining (03939) fell 5.5% to HK$7.73; Minmetals Resources (01208) fell 3.06% to HK$4.12; Jiangxi Copper (00358) fell 2.08% to HK$17.88.
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.
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