HBM240517C2500
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Hudbay Minerals Newsroom
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.
Copper Surges to Highest Ever on Bets That Shortages Will Worsen
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.
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.
Copper Surges to Record as Investors Bet on Looming Shortage
Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages.
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!
Biden Administration Seeks End to Federal Coal Leasing in Powder River Basin
Hudbay Minerals Inc Price Target Raised to C$16.00/Share From C$13.00 by Haywood Securities
Hudbay Minerals Inc Price Target Raised to C$16.00/Share From C$13.00 by Haywood Securities
The “God of Crude Oil Trading” backed Cocoa across borders, threatening that the price might soar to more than 20,000 US dollars!
Star trader Andurrand continues to be optimistic about cocoa, and also shared his views on crude oil and copper.
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.
Analysts Offer Insights on Materials Companies: Hudbay Minerals (HBM), Lundin Gold (OtherLUGDF) and Contango ORE (CTGO)
Hudbay Minerals Inc. Is Maintained at Outperform by BMO Capital Markets
Hudbay Minerals Inc. Is Maintained at Outperform by BMO Capital Markets
Analysts' Top Materials Picks: Hudbay Minerals (HBM), Lithium Americas (Argentina) Corp. (LAAC)
BMO Capital Maintains Outperform on Hudbay Minerals, Raises Price Target to C$15
BMO Capital analyst Jackie Przybylowski maintains Hudbay Minerals (TSX:HBM) with a Outperform and raises the price target from C$14 to C$15.
Hudbay Minerals Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/03/2024 28.08% Jefferies → $13 Initiates Coverage On → Hold 04/09/2024 -11.33% B of A Securities → $9 U