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Goldman Sachs Backs 'Copper Tariff Trade' If Trump Slaps 25% Duty On US Imports
JIANGXI COPPER (00358.HK) will release its Earnings Reports on April 28.
$JIANGXI COPPER (00358.HK) will release its Earnings Reports on April 28, investors are advised to pay attention. How were the previous results? In Q1 2024, the revenue was 122.517 billion yuan, net income was 1.8 billion yuan, and EPS was 0.50 yuan. Futubull reminds: 1. There are no strict regulations regarding the accounting year of companies listed on Hong Kong and US stock markets; it is entirely up to the company to decide. Therefore, each Earnings Report period can serve as the company’s annual report cutoff date, rather than aligning with the calendar year as the fiscal year. 2. Generally speaking, the company will hold an Earnings Report meeting on or around the release date of the aforementioned Earnings Reports.
Dongxing: Supply and demand may enter a state of continuous tight balance, with resonance across multiple fields driving the growth of magnesium demand.
The bank believes that between 2025 and 2027, the Global supply and demand gap for primary magnesium may be 0.1/0.9/-0.1 tons, and the tight balance state of Global primary magnesium supply and demand also suggests that magnesium prices have already shown cyclical bottom characteristics.
Improved tariff expectations combined with inflation support lead to rising Copper prices and gold prices reaching new highs.
Summary: Last week, the tariff issues continued to ease, and both China and the United States expressed a willingness to engage in dialogue on tariffs under certain conditions. Market risk appetite has improved, and the focus is on whether there will be further substantial actions in the future.
Citi maintains a bearish stance on Copper prices but expects the downturn to slow down: tariff easing and China's demand support the Copper market.
Citigroup adjusts its Copper price forecast: short-term decline is easing but will remain significantly pressured in the medium term.
Commodity Prices Forecast to Fall in Coming Quarters, Weighed Down by Tariff Volatility, Westpac Says
