SDIC Securities: Increased copper supply disturbances are expected to drive continued price breakthroughs

The Zhitong Finance App learned that SDIC Securities released a research report saying that Zambia is cutting electricity supply, and the China-Africa copper belt is facing a decrease in production. Copper mine production cuts continue to occur, and expectations for the resumption of production at the Cobre Panama and Sossego copper mines, which were cut off earlier, have been postponed again. Britain and the US sanctioned Russian metals and restricted Russian aluminum, copper and nickel transactions in LME and CME. Russian Copper accounts for 62.1% of LME inventory, which limits delivery or raises market concerns about the risk of overclosing positions. The supply-side logic continues to be implemented. We continue to be optimistic that the copper price will move further upward after the breakthrough, and we will continue to recommend the copper sector. Recommended to follow

Zhitong Finance22minutes ago

Tianqi Lithium Forecasts Loss in Q1

Tianqi Lithium (SHE:002466, HKG:9696) forecasts it will swing to a loss of between 430 million yuan and 360 million yuan in the first quarter from a profit of 487.5 million yuan in 2022, according to

MT Newswires23minutes ago

Lens Technology's Q1 Profit Surges 379%

Lens Technology's (SHE:300433) attributable profit surged 379% to 309.2 million yuan in the first quarter from 64.5 million yuan in the year-ago period, according to a Wednesday filing with the Shenzh

MT Newswires25minutes ago

CITIC Construction Investment: Has Baidian's long-term pricing logic changed?

Benchmarking overseas, with the transformation of the valuation system of mature consumer goods companies to a PB-ROE framework, there is still room for improvement in the valuation of the home appliance sector.

Zhitong Finance41minutes ago

Declining Stock and Decent Financials: Is The Market Wrong About Tayho Advanced Materials Group Co., Ltd. (SZSE:002254)?

It is hard to get excited after looking at Tayho Advanced Materials Group's (SZSE:002254) recent performance, when its stock has declined 11% over the past three months. However, the company's funda

Simply Wall St44minutes ago

CSPC Innovation Pharmaceutical Co., Ltd. (SZSE:300765) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

It is hard to get excited after looking at CSPC Innovation Pharmaceutical's (SZSE:300765) recent performance, when its stock has declined 7.0% over the past month. However, a closer look at its soun

Simply Wall St47minutes ago