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Hong Kong Stock Concept Tracking | Copper Prices Hit New Highs in Two Years Institutions Say Shortage of Supply and Demand and Inflation Trading Will Continue to Boost Copper Prices (with Concept Stocks)
The Zhitong Finance App learned that during the European trading session on Wednesday, three-month copper on the London Metal Exchange (LME) rose 2.7%, a two-year high, reaching 10,390 US dollars per ton. Meanwhile, the price of copper futures on the New York Mercantile Exchange once surged more than 4%, reaching a record high. Copper prices have advanced rapidly recently, reflecting people's optimism that the global economy, led by the US, will resume growth, as well as optimism about the Chinese economy. Additionally, people who want to benefit from continued inflationary pressure are also in demand for copper. It is worth noting that the index of basic inflation in the US appeared in April for the first time in six months
[Broker Focus] CITIC Securities Indices Strong Supply Restraints Combined with Macro Improvement Proposals Focus on Manganese and Gold
Jinwu Financial News | CITIC Securities said that strong supply constraints are compounded by macroeconomic improvements, and it is recommended to focus on manganese and gold. The number of initial jobless claims in the US was higher than market expectations, showing a declining trend in employment. Combined with the warm trend in domestic real estate policies, it is expected that demand will be further boosted. These favorable factors are expected to drive the metal sector to recover strongly. The bank continues to be optimistic about the configuration of the gold, aluminum and copper sectors: the gold sector recommends Zhaojin Mining (01818), Shandong Gold (01787), etc.; the aluminum sector recommends China Aluminum (02600), etc.; the copper sector recommends Luoyang Molybdenum (03993), Zijin Mining (02899), and Minmetals Resources (01)
Hong Kong stock concept tracking | Copper prices hit a two-year high, and the supply of copper concentrate ushered in the “Pilbara” moment for lithium mines in almost 2021 (with concept stocks)
Overnight, London Metals closed higher, while Copper rose more than 2%
Hong Kong Stock Concept Tracking | Gold's medium- to long-term outlook is not pessimistic, precious metal prices tend to rise or fall (with concept stocks)
The price of gold has declined recently. Experts: The central bank's increase in gold holdings is the general direction
Gold Price Retreats Amid Strong US Dollar, Falling US Yields
Following the data release, the CME FedWatch Tool shows odds for a quarter of a percentage point cut in September increased from 55% before the report to 85%.
Zijin Mining (02899) will pay a final dividend of 2 yuan for every 10 shares on June 28
Zijin Mining (02899) announced that it will be distributed on June 28, 2024 until December 3, 2023...
103370157 : it's a guessing game . is the sudden big spike due to middle East geopolitics involving Iran or real big purchase due moving away from USD
amiable Llama_6295 : [Thumbs Up] sandstorm is my pick
72901465 : I like people show me on live and point out how do it
74501573 72901465: https://www.moomoo.com/community/feed/112258506424325?share_code=00S4QM
Getiso Abera Gurba : hii
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