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China's Metal Markets Are Stirring - Here's What It Means for Commodity Investors
Monday, February 17, 2025 - 4:00pm | 619China's metal markets are waking up post-Lunar New Year, and JPMorgan analyst Dominic O'Kane is tracking some eye-catching trends. Copper and iron ore prices are at four-month highs, steel output is the strongest since 2021, and base metal inventories are running at record-low seasonal levels. The...
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Trump Re-Election Jolts Metals Market As Gold Sees A 'Stumble, Not A Sea Change'
Monday, November 11, 2024 - 9:40am | 637The re-election of Donald Trump has metals markets looking a little like a shaken-up snow globe—chaotic and swirling. While some metals might be facing a rocky road, JPMorgan's Commodities Research team, led by Greg Shearer, sees gold as holding strong through the turbulence, calling recent gold...
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Biden Ramps Up Pressure On China With Proposed Tariff Increase On Steel, Aluminum
Wednesday, April 17, 2024 - 8:36am | 624President Joe Biden is taking a hard stance on trade with China, proposing a significant hike in tariffs on steel and aluminum imports. This move comes amid heightened economic tensions between the two global powers. What Happened: Biden has put forward a plan to dramatically increase tariffs on...
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US Triumphs As WTO Rules Against China's Retaliatory Tariffs Under Trump's Era
Wednesday, August 16, 2023 - 11:50am | 451The World Trade Organization (WTO) ruled China overstepped its trade agreements by imposing tariffs on $2.4 billion of U.S. goods. On Wednesday, a trio of WTO specialists concurred with the U.S., stating China’s tariffs breached the organization’s “most favored nation”...
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Cheaper And Better For The Environment: Coca-Cola To Bring Back Contour Glass Bottles
Monday, April 25, 2022 - 3:19pm | 362Remember those classic contour glass refillable Coca-Cola Co (NYSE: KO) bottles? Well, they’re coming back. The company announced that the curvy bottles will become available in several emerging markets. What Happened: With consumers around the world feeling the impact of inflation...
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Tesla Has Been Buying Aluminum From Russian Supplier Founded By Sanctioned Oligarch Since 2020, Report Says
Tuesday, March 15, 2022 - 6:06am | 532Tesla Inc (NASDAQ: TSLA) has supply-chain ties with Russia, CNBC reported on Monday, citing internal documents. What Happened: The Elon Musk-led company has bought aluminum worth millions of euros from Moscow-based Rusal — a company founded by...
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Rio Tinto No Longer 'Top Pick' At RBC, But Still Viewed Favorably
Tuesday, August 15, 2017 - 12:19pm | 338RBC Capital Markets' Tyler Broda turned slightly less bullish on Rio Tinto plc (ADR) (NYSE: RIO) by downgrading the London-listed stock rating from Top Pick to Outperform with an unchanged 4,200p price target, which implies upside from Tuesday's opening price of 3,382.50p. One of the reasons to...
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Bank Of America Downgrades Alcoa, Cites 'Worsening Aluminum Fundamentals'
Wednesday, March 4, 2015 - 10:49am | 236In a report published Wednesday, Bank Of America analyst Timna Tanners cited "worsening aluminum fundamentals" as a reason to downgrade Alcoa Inc (NYSE: AA) to Neutral from Buy with a price target lowered to $17 from a previous $20. Tanners noted that pressure from LME warehouse rules...
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Alcoa Coverage Resumed, Consol Energy Downgraded At Citigroup
Monday, December 1, 2014 - 3:41pm | 218In a note to clients on Monday, Brian Yu of Citigroup downgraded Consol Energy, Inc. (NYSE: CNX) to Neutral from Buy with a $41 price target due to recent share appreciations. At the same time, the analyst resumed coverage of Alcoa Inc (NYSE: AA) with a Buy rating and $21 price target. "...