Copper (Mar'23)
The copper market shows how tariffs are putting traders and businesses in a bind
Lingering uncertainty over the 90-day suspension of President Donald Trump’s high tariffs could scramble some traditional market signals as traders and businesses try to get ahead of government policy. Copper is one asset caught up in such a push-pull scenario, according to Morgan Stanley. The metal, sometimes referred to as ” Dr. Copper ,” has […]
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Stocks to watch as copper comes in Trump’s tariff crosshairs, driving up U.S. price premium
Copper miners are likely to see divergent outcomes as U.S. tariffs on the metal loom — raising the potential for a domestic supply crunch while also driving up the U.S. copper price premium over the London Metal Exchange. U.S. COMEX copper futures jumped Tuesday night and on Wednesday after U.S. President Donald Trump signed an […]
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From gold and silver, to oil and aluminum: Where analysts see prices now the Fed has cut rates
The U.S. Federal Reserve cut its benchmark interest rate on Wednesday and more reductions are expected in the coming months. Analysts at both Citi and HSBC have taken the opportunity to do deep dives into how commodities are likely to perform looking ahead. Citi said in a fourth-quarter outlook report that the U.S. and global […]
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Copper prices near six-week high as one strategist says the ‘worst of the correction is over’
Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022. Bloomberg | Bloomberg | Getty Images Copper prices on Tuesday rose to an almost six-week high, supported by fresh investor demand and market optimism over the potential for imminent […]
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Replacing China in copper supply chain is ‘unfeasible,’ warns WoodMac, as the West seeks shift
A worker tying copper wire rods before loading them onto a truck in Huai’an, in China’s Jiangsu Province. Vcg | Visual China Group | Getty Images Western countries seeking to diversify away from China’s dominance in copper could delay the energy transition besides raising costs, while its complete replacement would be ‘unfeasible,’ according to Wood […]
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The stock market gets nailed by the Fed, again. Plus, Starbucks’ quiet comeback
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Fed foils stocks : The market […]
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‘Big change’ in international advancement is bullish for commodities together with copper, claims VanEck CEO
Traders should take into consideration commodities because of to a “big modify” involving intercontinental enlargement, according to VanEck CEO Jan van Eck. “The world economy started expanding all over again,” van Eck advised CNBC’s “ETF Edge” this week. He singles out China, the world’s second-most significant overall economy at the rear of the U.S., as […]
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Copper costs climb to 2024 superior as Citi phone calls the start off of the metal’s next bull market place this century
Copper plates on wagons completely ready for onward delivery at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, Might 6, 2022. Bloomberg | Bloomberg | Getty Photographs Soaring copper charges show no symptoms of slowing down, analysts say, with the pink metal’s rally fueled by provide hazards and increasing […]
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Goldman says the bear current market for battery metallic price ranges is far from around
The Albermarle Corp. lithium processing facility in Antofagasta, Chile, on Saturday, March 2, 2024. Bloomberg | Bloomberg | Getty Visuals Goldman Sachs finds it is way too early to get in touch with an conclusion to a battery raw products value plunge, warning that significant provide pipelines and Western electric powered auto headwinds could continue […]
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CNBC Each day Open: July was terrific for shares — and oil
Oil pump jack on Wonderful Plains, southeastern Wyoming. Marli Miller | Common Illustrations or photos Team | Getty Visuals This report is from today’s CNBC Every day Open up, our new, intercontinental markets newsletter. CNBC Every day Open up brings traders up to pace on every thing they will need to know, no matter wherever […]
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