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Everbright Securities: The gap between copper supply and demand will gradually expand in 24-25, and continue to be optimistic about investment opportunities for copper industry companies
The Zhitong Finance App learned that Everbright Securities released a research report stating that domestic demand for home appliances was raised by 286,000 tons in 2024, and assuming a 4% growth rate of domestic air conditioning production in 2025 (the original forecast was 0%), the global refined copper supply-demand balance sheet was adjusted from 2/-140,000 tons in 2024/2025 to -39/- 640,000 tons. The gaps increased by 410,000 tons and 500,000 tons, respectively (and updated the 2023 annual report and 2024 production guidelines for some mines). The gaps account for about 1.4% and 2.2% of global demand. It is expected that the gap between copper supply and demand will gradually widen in 2024-2025,12
Changes in Hong Kong stocks | Minmetals Resources (01208) rose more than 4%, leading the way, copper prices in copper stocks still maintain a strong supply and demand pattern, or may turn into a shortage
Copper stocks had the highest gains. As of press release, Minmetals Resources (01208) rose 4.07% to HK$4.09; China Nonferrous Mining (01258) rose 3.07% to HK$7.04; and China Gold International (02099) rose 1.57% to HK$48.6.
Changes in Hong Kong stocks | Minmetals Resources (01208) rose more than 4%, leading the way, copper prices in copper stocks have continued to rise recently, and the copper supply and demand pattern may turn into a shortage
Copper stocks surged in the afternoon. As of press release, Minmetals Resources (01208) rose 4.02% to HK$3.88; China Nonferrous Mining (01258) rose 3.22% to HK$6.74; Jiangxi Copper (00358) rose 2.54% to HK$16.12; and Zijin Mining (02899) rose 1.61% to HK$17.64.
Hong Kong Stock Concept Tracking | Goldman Sachs expects a “very serious” gap in refined copper supply; futures copper prices will continue to rise (with concept stocks)
Goldman Sachs expects copper prices to soar to around $12,000 per ton in the first quarter of next year.
[Special Offer V] Deng Shengxing: Market expectations for interest rate cuts will further cool down, and Hong Kong stocks may fall below 16 points
Jinwu Financial News | The Hang Seng Index closed at 16,248 points on Tuesday (16th), down 351 points, or 2.1%. Full-day transactions amounted to $114.58 billion. The national index closed at 5,743 points, down 112 points, or 1.9%. The Science Index closed at 3,337 points, down 104 points, or 3%. Blue chip stocks were under pressure almost across the board. Out of 82 blue chips, 79 fell. Shunyu Optics (02382) fell 6.4%, which is the blue chip at the end of the package; only 3 of the blue chips rose; CNPC (00857) rose 0.7%, the best blue chip; China Overseas Development (00688) and China Shenhua (01088) also rose 0.2%.
MMG Plans Share Issue Under Performance Award Scheme
MMG (HKG:1208) plans to allot and issue a total of up to 51.2 million new shares to satisfy the 2021 and 2022 performance awards under its long-term incentive equity plan, a Tuesday filing on the Hong
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