Copper prices soared to a 22-month high After the global copper mine supply was impacted at the end of last year, as global manufacturing demand showed signs of recovery, copper mine supply reduction combined with stronger-than-expected demand, and copper prices rose strongly.Recently, the price of copper has been rising steadily and has attracted market attention. The LME copperfuturesprice has reached its highest level in 22 months. ...
$Sandfire Resources Ltd(SFR.AU)$+1.1% High grade copper prices up on Monday on Russia sanctions, rise is consistent with prevailing short and long term uptrends 🔎📈
ASX copper stocks are drawing the same buzz as lithium miners did in 2022. With booming demand outstripping new supplies, copper prices are surging. 📈 The metal has already gained over 10% in 2024, and analysts predict further gains. 🚀 Shareholders in$Aeris Resources Ltd(AIS.AU)$and$Sandfire Resources Ltd(SFR.AU)$are likely to welcome this news. 🔎 But what's really driving copper prices towards new highs? 🤔 The ASX copper stocks...
Copper shares on the ASX are on fire today, with some even up 15%.$Sandfire Resources Ltd(SFR.AU)$,$WA1 Resources Ltd(WA1.AU)$, and$Metals Acquisition Ltd(MAC.AU)$are all seeing positive upticks. This could be subsequent to three-month copper future prices reaching a 12-month high of US$8,991/tonne due to tight supply and demand. Decrease in supply & Increase in demand Over the last week, China has moved closer to potentially cutting copper prod...
Since the fourth quarter of 2023, the global copper mining industry has experienced multiple supply disruptions, with recent news of planned production cuts by Chinese smelters intensifying market unease. Supported by expectations of a tight supply,$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...
It's music to markets ears. The Fed hints it will make three rates cuts, the RBA hints it's done with rate hike, but today's Aussie employment data shows the RBA will probably keeps rates where they are this year. But there is why you need to pay attention to the themes of stocks hitting new highs. Good news from the Fed Overnight in the US, the S&P 500 c...
Sandfire Resources Ltd股票讨论区
After the global copper mine supply was impacted at the end of last year, as global manufacturing demand showed signs of recovery, copper mine supply reduction combined with stronger-than-expected demand, and copper prices rose strongly.Recently, the price of copper has been rising steadily and has attracted market attention. The LME copperfuturesprice has reached its highest level in 22 months.
...
High grade copper prices up on Monday on Russia sanctions, rise is consistent with prevailing short and long term uptrends 🔎📈
$BHP Group Ltd(BHP.AU)$ $Rio Tinto Ltd(RIO.AU)$ $Sandfire Resources Ltd(SFR.AU)$
With booming demand outstripping new supplies, copper prices are surging. 📈
The metal has already gained over 10% in 2024, and analysts predict further gains. 🚀
Shareholders in $Aeris Resources Ltd(AIS.AU)$ and $Sandfire Resources Ltd(SFR.AU)$ are likely to welcome this news. 🔎
But what's really driving copper prices towards new highs? 🤔
The ASX copper stocks...
This could be subsequent to three-month copper future prices reaching a 12-month high of US$8,991/tonne due to tight supply and demand.
Decrease in supply & Increase in demand
Over the last week, China has moved closer to potentially cutting copper prod...
🔎 $29Metals Ltd(29M.AU)$ NEUTRAL; PT 0.55⬆️ (vs 0.45) "biggest beneficiary"
🔎 $Evolution Mining Ltd(EVN.AU)$ NEUTRAL; PT 3.90 "Cu ~30% of revenue"
ASX copper stocks "now chasing momentum over value" -Citi
• Top losers: $Sandfire Resources Ltd(SFR.AU)$, $Arcadium Lithium PLC(LTM.AU)$, $Seven Group Holdings Ltd(SVW.AU)$
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.4% lower at 7780.2, weighed by weakness in shares of its largest miners and banks. Shares in nine of the 10 largest companies by market capitalization lost ground as t...
Good news from the Fed
Overnight in the US, the S&P 500 c...
Copper CY24: $9125/t +11%👍
Lithium Carb
CY24: $11875/t -19%👎
CY25: $17000/t -19%👎
Spodumene
CY24: $928/t -18%👎
CY25: $1350/t -18%👎
Uranium CY24: $99 -3%👎
$BHP Group Ltd(BHP.AU)$ $Rio Tinto Ltd(RIO.AU)$ $Sandfire Resources Ltd(SFR.AU)$
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