Bank of America's commodities team forecasts a strong copper market due to high demand from energy transitions and limited supply. They have also grown significantly optimistic about gold, expecting its price to be propelled by central banks, Chinese investors, Western macroeconomic influences, and the anticipated conclusion of interest rate increases. They predict gold could reach $3,000 per ounce by the end of 2025, ...
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103370157 :
Why is gold miner stocks still sleeping????
ChristWithinU :
what is a good company to invest call options at small levels to earn a small profit to reinvest to build capital in my account? I seem to keep missing out by a day or less on what I find
Since the fourth quarter of 2023, the global copper mining industry has experienced multiple supply disruptions, with recent news of planned production cuts by Chinese smelters intensifying market unease. Supported by expectations of a tight supply,$铜主连(2407)(HGmain.US)$prices have been fluctuating with an upward trend since the end of October last year, and have recently seen an accelerated increase. Since March, g...
Since the fourth quarter of 2023, the global copper mining industry has experienced multiple supply disruptions, with recent news of planned production cuts by Chinese smelters intensifying market unease. Supported by expectations of a tight supply,$铜主连(2407)(HGmain.US)$prices have been fluctuating with an upward trend since the end of October last year, and have recently seen an accelerated increase. Since March, g...
Glencore's CEO blames the fall in commodity prices on rising interest rates and a normalizing energy market. The firm expects a robust recovery in 2024 due to interest rate reductions and an economic upturn.
RBC believes the market underestimates Glencore's cash-generation potential. Despite coal price retraction, factors like higher copper cash generation, new coal unit, and cash generative marketing business are expected to offset coal weakness.
The latest research report from Goldman Sachs shows that the copper market is expected to experience its highest level of tightness since 2021, facing a projected deficit of 428kt in 2024, with merely 260kt of currently visible stock. Over the past three months, the market has been impacted by a supply shock due to a succession of downgrades in mine production. Panama's decision to of...
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Maniac Fool :
Buy copper in anticipation to interest rate cut in April-June 2024
Analysts opine Glencore's spin off of coal assets would reduce uncertainty and promote its metals expansion. Market conditions might influence the listed value of the spun-off business. Glencore dominates with 5% of global copper and 20% of cobalt supply.
Scotiabank's Orest Wowkodaw expressed positivity on the deal, stating it achieves full business separation at fair value, removing a significant overhang due to future coal business uncertainty.
This move reflects Glencore's strategy to isolate its more pollutant-heavy operations, aligning with ESG investors' preferences and its own emission reduction goals.
Glencore foresees a 9% dip in Nickel production citing an overlong recuperation from the Raglan strike and other issues. While Ferrochrome is down 8%, chrome ore is set to be slightly below 2022 levels.
103370157 : Why is gold miner stocks still sleeping????
74023386 103370157: Really? Mine has increased 40% this year.
103370157 : good for you. congratulations. barrick still sleeping
ChristWithinU : what is a good company to invest call options at small levels to earn a small profit to reinvest to build capital in my account? I seem to keep missing out by a day or less on what I find