Goldman Sachs: Maintain MMG (01208) "Buy" rating with a Target Price of 3.4 HKD.

The bank expects that, as a leveraged pure Copper company, the group will benefit from the rise in Copper prices and an increase in production.

Zhitong Finance17:08 · Ratings

【Brokerage Focus】CITIC SEC indicates that tariff disturbances may push Copper prices back to peak moments.

Jinwu Finance | CITIC SEC indicated that expectations for tariffs on imports of Copper in the USA have recently intensified, with COMEX Copper prices and the price differential from LME reaching new highs. Strengthened tariff expectations may lead to a short-term gap in the USA that is hard to fill, and the continuity and extent of COMEX trading are expected to be continuously verified. The firm pointed out that in terms of demand, it estimates that in 2023, China's direct/indirect Copper exports to the USA only account for 0.1%/1% of Global demand, with end demand mainly concentrated in White Appliances, Autos, and transformers, which have a significant disparity in manufacturing advantages between China and the USA, all of which have been tested by the previous round of trade conflicts. Therefore, the firm believes that increased tariffs will impact China’s demand.

King Wu Financial News08:45

GTJA: After the holiday, the operating rate of Copper and Aluminum processing continues to recover, and the inflection point for inventory reduction has appeared.

GTJA Securities stated that the Two Sessions are currently being held, releasing signals for stable growth, and macro expectations are improving. At the same time, after the holiday, the processing rate of Copper and Aluminum continues to recover, approaching the peak season, and there has been a turning point in the destocking of social reserves, providing support for prices.

Zhitong FinanceMar 10 06:39

Will the price of Copper rise significantly around 2030?

Analysts expect that by the end of this decade, Copper prices will rise significantly, and investors in Copper companies can anticipate "extraordinary returns."

Golden10 DataMar 7 17:22

Hong Kong stocks Concept tracking | Under the consensus of mineral shortages, the price center of Copper is expected to rise (with concept stocks attached)

Copper prices in the New York market jumped over 5% on Wednesday, further surpassing Other Global benchmark prices, after USA President Donald Trump stated that imported Copper may face a 25% tariff.

Zhitong FinanceMar 7 09:57

MMG (01208.HK): Aims to expand Brazil's nickel production to over 0.15 million tons by around 2030.

The Chairman of MMG, Xu Jiqing, stated at the earnings press conference that the company will not be satisfied with an annual nickel production of approximately 0.04 million tons from the Brazilian nickel business and emphasized a clear plan for the future production of this Business. Xu Jiqing predicts that if the project's resource amount can be further solidified, the company hopes to significantly increase nickel production from the current 0.04 million tons to over 0.15 million tons by around 2030. To achieve this goal, the company will invest substantial resources in the planning, approval, construction, and operation of greenfield projects over the next few years. The company will also actively seek cooperation with domestic and foreign partners to jointly promote the smooth progress of the projects.

AASTOCKSMar 7 09:04