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Will copper prices soar in the long term? BHP Group Ltd: The AI wave will intensify the copper shortage.
①Although the global copper market is currently in a stage of weak demand, mining giant BHP Group Ltd warns that future copper demand will soar to a large extent due to the wave of artificial intelligence; ②BHP Group Ltd warns that copper is a key metal in the transition to clean energy, and the development of artificial intelligence will exacerbate the copper shortage problem.
After "getting the US bond right", BofA's Hartnett: gold hedge against "secondary inflation", the best "contrary trade" is oil and metals.
Hartnett believes that whether it is Harris or Trump who finally becomes the President of the United States, it will not change the trajectory of the expanding government debt and ballooning deficit in the United States. Therefore, the market will turn to gold in a flight-to-safety sentiment, and it is expected that the price of gold will rise to $3,000 per ounce.
Will there be an oversupply of HBM next year? Institutions warn that half of the capacity cannot be sold.
①The securities department Exane BNP Paribas under the French bank Paris Bank significantly downgraded Micron's rating, directly 'cut in half' the target price. ②It pointed out that by 2025, the HBM capacity will be about 0.4 million pieces, while the demand for the same period will be 0.168 million pieces, even less than half of the supply. ③As one of the main customers of HBM, nvidia's GPU demand will also have a certain impact on the HBM demand.
South America's Copper Supply Remains Weak – Commerzbank
RBC Capital Maintains Hudbay Minerals(HBM.US) With Buy Rating, Cuts Target Price to $11.76
RBC Capital analyst Sam Crittenden maintains $Hudbay Minerals(HBM.US)$ with a buy rating, and adjusts the target price from $13.27 to $11.85.According to TipRanks data, the analyst has a success
Hudbay Minerals Inc. Price Target Cut to C$16.00/Share From C$18.00 by RBC Capital