Copper Expected to Face Near-Term Headwinds, MUFG Says -- Market Talk

Dow Jones

Jan 10, 2025

1655 GMT - Copper is likely to face near-term challenges due to the threat of U.S. tariffs on Chinese goods, but Beijing's stimulus measures to boost the economy should support global demand, according to MUFG analysts. "Copper is trading sideways with push-and-pull dynamics in play this year," they say in a research note. MUFG forecasts prices to move toward $10,000 a metric ton by the end of the year. Aluminum is seen as more insulated from bearish macroeconomic pressures. According to the analysts, tight supply in China is expected to push prices higher as the market seeks new sources outside of the country. LME three-month copper currently trades 0.4% higher at $9,085 a metric ton, while aluminum is up 1.3% to $2,540.50 a ton. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

January 09, 2025 11:55 ET (16:55 GMT)

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MUFG forecasts prices to move toward $10,000 a metric ton by the end of the year. Aluminum is seen as more insulated from bearish macroeconomic pressures. According to the analysts, tight supply in China is expected to push prices higher as the market seeks new sources outside of the country. LME three-month copper currently trades 0.4% higher at $9,085 a metric ton, while aluminum is up 1.3% to $2,540.50 a ton. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 09, 2025 11:55 ET (16:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Copper Expected to Face Near-Term Headwinds, MUFG Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCopper Expected to Face Near-Term Headwinds, MUFG Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-10 00:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1655 GMT - Copper is likely to face near-term challenges due to the threat of U.S. tariffs on Chinese goods, but Beijing's stimulus measures to boost the economy should support global demand, according to MUFG analysts. \"Copper is trading sideways with push-and-pull dynamics in play this year,\" they say in a research note. MUFG forecasts prices to move toward $10,000 a metric ton by the end of the year. Aluminum is seen as more insulated from bearish macroeconomic pressures. According to the analysts, tight supply in China is expected to push prices higher as the market seeks new sources outside of the country. LME three-month copper currently trades 0.4% higher at $9,085 a metric ton, while aluminum is up 1.3% to $2,540.50 a ton. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 09, 2025 11:55 ET (16:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2502044757","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502044757","pubTimestamp":1736441700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1655 GMT - Copper is likely to face near-term challenges due to the threat of U.S. tariffs on Chinese goods, but Beijing's stimulus measures to boost the economy should support global demand, according to MUFG analysts. \"Copper is trading sideways with push-and-pull dynamics in play this year,\" they say in a research note. MUFG forecasts prices to move toward $10,000 a metric ton by the end of the year. Aluminum is seen as more insulated from bearish macroeconomic pressures. According to the analysts, tight supply in China is expected to push prices higher as the market seeks new sources outside of the country. LME three-month copper currently trades 0.4% higher at $9,085 a metric ton, while aluminum is up 1.3% to $2,540.50 a ton. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","MUFG":"三菱日联金融"},"translate_title":"三菱日联金融集团表示，铜预计近期将面临阻力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MUFG":1},"content_text":"1655 GMT - Copper is likely to face near-term challenges due to the threat of U.S. tariffs on Chinese goods, but Beijing's stimulus measures to boost the economy should support global demand, according to MUFG analysts. \"Copper is trading sideways with push-and-pull dynamics in play this year,\" they say in a research note. MUFG forecasts prices to move toward $10,000 a metric ton by the end of the year. Aluminum is seen as more insulated from bearish macroeconomic pressures. According to the analysts, tight supply in China is expected to push prices higher as the market seeks new sources outside of the country. LME three-month copper currently trades 0.4% higher at $9,085 a metric ton, while aluminum is up 1.3% to $2,540.50 a ton. (giulia.petroni@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 09, 2025 11:55 ET (16:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}