每日大宗商品报告穆迪下调美国评级推动黄金上涨1.4%

Investment Ratings - BHP: Neutral (CBE) with a price of A$38.75 [30] - Mineral Resources: Buy (CBE) with a price of A$24.08 [30] Core Insights - BHP is focusing on executing its organic copper and potash growth pipeline, increasing capex from $7 billion in FY23 to approximately $10 billion in FY25, and expects to maintain around $11 billion in the medium term [12] - The Jansen potash project is on track to deliver significant new volume growth, followed by copper projects in the 2030s [12] - Mineral Resources has appointed Malcolm Bundey as the new chair, indicating a strategic leadership change [13] - The Chinese economy is showing slower year-on-year growth, with retail sales growth down to 5.1% and industrial production growth at 6.1% [14] Summary by Sections Economic Headlines - Wall Street stocks finished flat due to weakened sentiment from Moody's downgrade [9] - China's economic activities moderated in April, with notable declines in property sales and new starts [14] Commodity Prices - Gold increased by 1.4% to $3,232/oz driven by safe haven demand [4] - Iron ore prices fell by 0.7% to $100/dmt amid weak Chinese economic data [3] - Copper rose by 0.6% to $4.33/lb due to a weaker dollar [4] Company Developments - Codelco has selected Rio Tinto as a partner for the Maricunga lithium project [6] - Nippon Steel plans to invest $14 billion in U.S. Steel, including $4 billion for a new mill [7] - Kodal anticipates receiving a permit soon to export 27,000 tons of stockpiled lithium from Mali [8]