On February 3, Jinshi data, Huayuan Securities released a research report stating that under the shortage of mining consensus, the price center is expected to rise. Based on the impact of global copper mine capital expenditure, capacity expansion, and disruptive events such as strikes on operating rates, the current production may still be in an expansion phase, but the growth rate is declining. As the shortage at the mining end gradually transmits to the metal end and the growth rate of recycled copper smelting decreases, the copper industry as a whole is still in a tight balance. It is expected that the supply-demand balance will be 170,000, 70,000, 160,000, and 260,000 tons in 2024-2027 respectively.
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HoshikawaV
· 02-03 07:17
Jinshi data on February 3rd, Huayuan Securities released a research report stating that under the shortage of mining Consensus, the price center is expected to rise. Based on the impact of global copper mine capital expenditures, capacity expansion, and disruptive events such as strikes on the operating rate, the current production may still be in an expansion phase, but the growth rate is decreasing. As the shortage at the mine end gradually transmits to the metal end and the growth rate of recycled copper smelting decreases, the copper industry as a whole is still in a tight balance. It is expected that the supply-demand balance will be 170,000, 70,000, 160,000 and 260,000 tons in 2024-2027 respectively.
Huayuan Securities: Copper price center is expected to rise amid a shortage of mining Consensus
On February 3, Jinshi data, Huayuan Securities released a research report stating that under the shortage of mining consensus, the price center is expected to rise. Based on the impact of global copper mine capital expenditure, capacity expansion, and disruptive events such as strikes on operating rates, the current production may still be in an expansion phase, but the growth rate is declining. As the shortage at the mining end gradually transmits to the metal end and the growth rate of recycled copper smelting decreases, the copper industry as a whole is still in a tight balance. It is expected that the supply-demand balance will be 170,000, 70,000, 160,000, and 260,000 tons in 2024-2027 respectively.