Wanjia CSI Industry Non-Ferrous Metal Theme ETF

Citi Maintains Buy Rating on CMOC with HK$29.3 Target; Copper Output Unaffected by Sulfur Price Hike

CITIC Asset Management Reduces China Aluminum Stake by 12.63 Million Shares on May 15, Raising About 134 Million HKD

China's April Rare Earth Exports Up 35.1%, Alumina Exports Surge 96.6%

HSBC Maintains Buy Rating on CMOC, Sets Target Price at 25.30 HKD

JPMorgan Cuts Stake in CMOC by 2.139 Million Shares

CHINALCO Authorizes Repurchase of Up to 10% of A Shares and H Shares

XINGYE SILVER & TIN released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 2.13 B, actual EPS CNY 0.7533

LuoYang Molybdenum Group Authorized to Use Internal Funds for Deposits and Wealth Management

Western Mining released FY2026 Q1 earnings on April 28, 2026 (BJT) with actual revenue of CNY 18.72 B and EPS of CNY 0.67

TIANSHAN ALUMINUM released FY2026 Q1 earnings on April 28 (BJT), actual revenue CNY 8.444 B, actual EPS CNY 0.48 (forecast EPS CNY 0.4776)

LuoYang Molybdenum Will Maintain Normal Production of Cobalt Mines in Congo

Jiangxi Copper Announces Revenue and Net Profit Growth in Q1 2026

LME Announces Odin Mining Project to Commence Production in 2029 at Shareholders' Meeting

Leaders of CMOC Reassured Shareholders That Mining Dispute In Brazil Has No Impact on Operation

TNMG released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 64.7 B, actual EPS CNY 0.1

CNRE released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 11.86 B, actual EPS CNY 0.2539

JCCL released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 139.12 B (forecast CNY 126.82 B), actual EPS CNY 0.82

Ecuadorian Government Signs Agreement with LMining's ODIN for Los Cangrejos Project

UOB Kay Hian Cuts Target Price on CMCO but Maintains Buy Rating

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HSBC analyst maintained a Buy rating on CMOC Group yesterday and set a price target of HK$25.30.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks CMOC Group has an analyst consensus of Strong Buy, with a price target consensus of HK$24.52.

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CMOC

HSBC HOLDINGS

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HSBC 5xShortSG241213

HSBC Holdings Plc

CMOC Group (CMCLF): New Buy Recommendation for This Basic Materials Giant

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Chile, the top copper supplier, has cut its production forecasts for this year and next, worsening global copper supply issues and pushing prices near record highs. This adjustment highlights the challenges in the copper industry due to rising demand and supply constraints.

CoinLive

ERO Copper

BHP Group Plc

Southern Copper

Rio Tinto Limited

JCCL

Teck Resources B

Rio Tinto

BCI Minerals Ltd

Hudbay Minerals

Rio Tinto plc

Antofagasta plc

 BHP Group Ltd

Freeport Mcmoran

Invesco DB Commodity Index Tracking Fund

Invesco DB TR Base Metals ETF

Harbor Commodity All Weather Strategy ETF

SPDR S&P Mtls & Mng

Invesco Optimum Yield Div Comm Strategy K-1

ISHRS MSCI Glb Slct Met & Mining

Global X Copper Miners

United States Copper Index

iShares Copper and Metals Mining ETF

Sprott Junior Copper Miners ETF

Abrdn BBG All Commodity Strategy K-1 Free ETF

ISHRS S&P Gsci Cmdty

Sprott Copper Miners ETF

Copper Supply Concerns Rise as Chile Cuts Production Forecasts

Copper prices on the London Metal Exchange have dropped to a one-week low due to inflation and anticipated interest rate hikes, which have bolstered the U.S. dollar. Morgan Stanley warns of a critical shortage in scrap copper supply, raising concerns about future price support.

Morgan Stanley

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Copper Prices Drop to One-Week Low Amid Inflation and Rate Hike Expectations

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China's April inflation data shows a significant rise in producer prices, with the PPI increasing by 2.8% year-on-year, the highest in 45 months, driven by energy costs amid the Iran war. The CPI also rose by 1.2%, surpassing expectations. This shift from deflation to inflation raises concerns about business margins and limits the People's Bank of China's ability to implement monetary stimulus. The increase in costs, particularly in non-ferrous metals and energy, could impact corporate profitability and overall economic growth.

- China's Producer Price Index (PPI) rose by 2.8% year-on-year in April, marking a 45-month high and exceeding expectations significantly.  
- The Consumer Price Index (CPI) also increased by 1.2%, ending a 41-month deflation period, largely due to rising energy costs stemming from the Iran conflict.  
- Economists warn that this cost-driven inflation could pressure corporate profit margins and limit the People's Bank of China's capacity for monetary easing amid rising prices.

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CHALCO

Mtalco

Hwabao WP CSI Non-ferrous Metal ETF

China's April inflation data beats across board as energy costs reshape price landscape

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HSBC Research reports that Chinese copper stocks have underperformed despite a significant rise in copper prices, driven by supply concerns. The firm raised the target price for CHINFMINING to HKD18.6, citing strong demand and favorable fundamentals. It views current market concerns as overstated, presenting a buying opportunity. MMG is highlighted for its earnings sensitivity to copper prices, while ZIJIN MINING's earnings are less sensitive due to gold contributions. A Hold rating is maintained for JIANGXI COPPER due to its valuation and contract limitations.

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JIANGXI COPPER

CHINFMINING

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Guotai CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

HSBC Research: Chinese Copper Stocks Lag Copper Price Rally Present Buying Opportunity; CHINFMINING  TP Raised to HKD18.6

Copper prices have reached record highs above $6.60 per pound, driven by supply disruptions and increased demand from AI-related infrastructure. The CPER ETF, which tracks copper futures, surged to $40.46, marking a 15.7% increase this year. The price of copper has risen approximately 75% since October 2023, with significant contributions from declining inventories in China and supply issues at major mines. China's exports also rose 14% in April, further tightening the copper market.

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Copper Prices Hit Record High As AI Data Center Boom Fuels Global Supply Crunch, Pushing CPER ETF Higher

Producers of metals, grains, and raw materials declined sharply due to fears of a prolonged closure of the Strait of Hormuz. Rising oil and fertilizer prices may negatively impact global economic growth and demand for cyclical commodities like copper. Additionally, Sherritt International is reportedly seeking to exit its operations in Cuba amid potential threats from the Trump administration's regime change efforts.

MorningStar

VanEck Gold Miners ETF

VanEck Junior Gold Miners ETF

Materials Down on Hormuz Fears — Materials Roundup

Jeff Currie forecasts a new commodity supercycle driven by supply bottlenecks, deglobalization, and infrastructure spending. The Iran conflict disrupts oil flows, increasing prices and inflation risks, while central banks navigate growth and price stability. Investors are shifting portfolios, with record inflows into bond ETFs, focusing on corporate credit amid sustained high yields.

Alcoa

iShares Barclays Short Treasury

SPDR O&G Equip

United States Oil Fund LP

SPDR Intermed Term

Janus Henderson Asset-Backed Secs ETF

Vanguard Long Term Bd

Vanguard Intermediate Term Bd

iShares US Oil & Gas Expl & Prod

iShares Trust iShares 1-5 Year Invest Grade Corp Bond ETF

SPDR O&G Ex & Prd

iShares Barclays MBS Fixed Rate Bd

Vanguard Short Term Bd

VG Energy

Us Brent Oil

iShares US Oil Equip & Svcs

Schwab 5-10 Year Corp Bond ETF

iShares barclays 20+ Yr Treasury Bd

Commodity supercycle call meets rising yields as markets weigh risks

A Bloomberg index of commodities excluding energy has reached record highs, driven by the AI race. The index surpassed its 2011 peak, with significant contributions from industrial and precious metals, particularly copper and silver. Copper prices have soared due to rising demand from AI data centers and electrification trends, while silver has seen a surge in industrial usage. Supply constraints, including export restrictions and production issues, further amplify the demand for these metals, indicating a structural shift in the commodities market.

Silvercrest Metals

Pro Ultr Silver

iShares MSCI Global Silver Miners

Abrdn Precious Metals Basket ETF Trust

Invesco Db Precious Metals ETF

Sprott PHYs Silver

iShares Silver Tr

Abrdn Silver ETF Trust

Sprott Silver Mnrs & Physical Silver ETF

LPL Financial

Sandisk

Micron Tech

Bank of America

Citigroup

OpenAI

Microsoft

Alphabet

Meta Platforms

Amazon

Sandisk - WI

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BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

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BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

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BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

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Something Historic Is Quietly Lifting Commodities To Records — And It's Not Hormuz

LME copper prices have reached $14,000 per ton, marking the first time since January 29 that this level has been achieved. According to Odaily, this price is approaching historical highs.

LME Copper Prices Reach $14,000 Per Ton

Wanjia CSI Industry Non-Ferrous Metal Theme ETF(560860.SH)

CMOC Group (CMCLF): New Buy Recommendation for This Basic Materials Giant

Copper Supply Concerns Rise as Chile Cuts Production Forecasts

Copper Prices Drop to One-Week Low Amid Inflation and Rate Hike Expectations

China's April inflation data beats across board as energy costs reshape price landscape

HSBC Research: Chinese Copper Stocks Lag Copper Price Rally Present Buying Opportunity; CHINFMINING TP Raised to HKD18.6