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The crazy Copper prices have also scared everyone.
Stay cautious.
Goldman Sachs has made changes to its Asia-Pacific Confidence Selected List! CHINA RES LAND (01109) and Weichai Power (02338) have been added, while Zijin Mining Group (02899) has been removed.
On April 1st, Goldman Sachs added MediaTek, CHINA RES LAND, Weichai Power, and Krafton to its select list of confidence in the Asia-Pacific region, while removing Advantest, Delta Electronics, Keppel Corp, and Zijin Mining Group.
Silver and New York gold experienced a major shock as Trump's tariff exemptions concluded 80 billion dollars "Precious Metals migration."
In the past few months, due to concerns among traders about how Precious Metals would be affected by tariffs, New York futures Gold experienced a significant premium over benchmark prices, stimulating large-scale arbitrage trading. As Gold, Silver, Platinum, and Palladium were exempt from tariffs, the arbitrage trading reversed, leading to a rapid and significant narrowing of the price difference between New York futures Gold and spot Gold, while the Silver market experienced a sharp decline in the "physical delivery price difference."
Gold Futures Close Lower Amid Price Correction, Tracking Comex Performance And US Tariff Exemption
Trump exempts tariffs on Precious Metals, ending the gold and silver arbitrage frenzy abruptly.
After USA President Donald Trump announced on Wednesday that Precious Metals would not be affected by his comprehensive tariffs, the inflow of tens of billions of dollars in Gold and Silver arbitrage trading came to an abrupt halt.
Research Reports on Investment Opportunities | China Merchants: Zijin Mining Group's Net income is expected to rebound significantly in 2024, maintaining a "strongly recommended" rating.
China Merchants Research Reports indicate that Zijin Mining Group (601899.SH) is projected to have revenues and Net income of 303.64 billion yuan and 32.051 billion yuan respectively in 2024, representing increases of 3.49% and 51.76%. The Net income for Q4 is 7.693 billion yuan, showing a quarter-on-quarter decline of 17.04%. Additionally, Q4 accounted for an asset impairment of 0.63 billion yuan, an increase of 0.5 billion yuan from the previous quarter. The company plans to produce 1.15 million tons of Copper and 85 tons of gold in 2025, with respective growth rates of 7% and 16%. Excluding further increases in Metal prices, price assumptions for copper and gold are based on the average price from the beginning of the year to the report date of 77,484 yuan/ton.
