全球第二大铜矿停产-20250925

Core Viewpoint - The article highlights the impact of the recent mining accident at the Grasberg copper mine in Indonesia, which is expected to lead to a significant reduction in global copper supply, thereby supporting copper prices in the long term [1][2][19]. Group 1: Copper Market - The copper price rose by 3.31% due to supply expectations being reduced following the Grasberg mining accident [2][19]. - Year-to-date, the supply of copper concentrate has remained tight, with smelting profits at breakeven levels, yet smelting output continues to grow [2][19]. - The mining accident is likely to shift the global copper supply-demand balance towards a deficit, providing long-term support for copper prices [2][19]. Group 2: Gold Market - Gold and silver prices have paused their upward momentum, showing signs of adjustment [3][18]. - Recent comments from Federal Reserve Chairman Powell indicate a cautious stance on interest rate cuts, despite acknowledging risks to employment [3][18]. - Market expectations suggest that the Fed may lower rates in the remaining meetings of the year, which could support gold prices in the long term [3][18]. Group 3: Oil Market - The SC night market saw a 1.53% increase in oil prices, with Iraq approving a plan to restore oil exports from the Kurdistan region, potentially adding at least 230,000 barrels per day to supply [4][13]. - Ongoing geopolitical tensions, such as drone attacks in Ukraine affecting Russian oil exports, continue to pose risks to production levels [4][13]. Group 4: Economic Indicators - The People's Bank of China announced a 600 billion yuan MLF operation, indicating a net injection of 300 billion yuan for September, marking the seventh consecutive month of increased liquidity [7][12]. - The U.S. Treasury Secretary expressed dissatisfaction with the Fed's current interest rate policies, advocating for a reduction of 100-150 basis points by year-end [6][12]. Group 5: Industry News - A joint announcement from six departments outlines a growth stabilization plan for the construction materials industry, projecting revenues from green building materials to exceed 300 billion yuan by 2026 [8].