With huge investments in electrification, and data center build outs on the horizon, metals and rare earths hit the limelight in 2025. Copper has been on a tear, and projections are that supply deficits will continue to propel prices up in 2026.The author has an honours degree in economics and politics with a focus on economic development. With 36 years of experience in executive management he has extensive knowledge of insurance/reinsurance, Global and Asia Pacific markets, climate change and ESG. He inves ...

同步竣工的"贵金属烟气集中治理高排项目"是金川集团2025年的重点技改项目，总投资4996万元，于 2025年4月开工。该项目通过对贵金属生产系统废气排口进行集中、深度治理，构筑起坚实的环保屏 障，是金川集团深入践行绿色发展理念、扎实推进生态文明建设的具体行动。 在项目建设过程中，面对跨冶金、建筑、化工、机电安装等多领域的技术集成挑战，以及工期紧张、任 务繁重、场地交叉作业复杂等多重困难，建设者通过优化设计方案、科学统筹施工、严格把控质量，最 终确保项目高质量按期完成。 责任编辑：宋菲菲 每日甘肃网金昌讯（新甘肃·甘肃日报记者 谢晓玲）近日，金川集团铜贵股份有限公司"羰基尾料铂族金 属高效分离提取技术产业化项目暨废气集中治理高排项目"正式竣工投产。其中，羰基尾料处理生产线 是国内首条实现规模化处理同类物料的生产线，标志着金川集团在贵金属资源高效循环利用、绿色低碳 发展以及关键战略资源自主可控方面取得重大突破。 "羰基尾料铂族金属高效分离提取技术产业化项目"作为金川集团2024年度重大技术改造项目，总投资达 1.27亿元。项目自2024年9月启动建设，于2025年12月28日建成。该项目的核心突破在于成功攻克了 ...

Core Viewpoint - Bank of America advises commodity investors to focus on gold, capitalize on uranium's rally, and invest in copper before market adjustments occur [1] Group 1: Macro Forces Impacting Commodities - The firm identifies four macro forces influencing commodity prices: rising U.S. industrial policy, a potentially weaker U.S. dollar, persistent geopolitical tensions, and increasing uncertainty around tariffs [1][2] - Policy decisions, rather than just supply and demand, are expected to drive metals pricing in 2026 [2] Group 2: Precious Metals Insights - Bank of America highlights Agnico Eagle Mines for its consistent execution and growth potential, citing its history of meeting production guidance and focus on low-risk Canadian assets [4] - The firm sets a price target of $227 for Agnico Eagle Mines, indicating a potential upside of approximately 26% from early January levels [5] - The forecast for gold is aggressive, with an average price expected to reach $4,538 per ounce in 2026, representing a 32% year-over-year increase, with a potential upside scenario of $5,000 per ounce [5] Group 3: Uranium and Copper Outlook - Cameco is identified as the top nuclear energy and fuel pick for 2026, with a revised price target increased from $115 to $125 per share [6] - Key themes for uranium include rising electrical energy demand, U.S. trade and industrial policy, Japan's nuclear restarts, new builds, and supply disruptions [7] - Freeport-McMoRan is noted as the preferred choice for copper exposure [8]

9 January 2026 | 4:20PM EST Equity Research Energy, Utilities & Mining Pulse: Investors Asking: Macro and Micro Takeaways from the GS Energy, CleanTech, & Utilities Conference This week we hosted our Energy, CleanTech, & Utilities Conference in Florida. On the back of the conference, we ask our senior analyst team to highlight takeaways for their sub-sector, as well as stocks where they see risk/reward potential for 2026. Stocks with risk/reward potential include: FANG, SU, VLO, KGS, SRE, FTI, and CCJ E&Ps: ...

1月7日（周三），铜价令分析师感到意外。就在去年10月中旬的LME周期间，他们还认为当时接近11,000美元/吨的铜价过高。而自那以后，LME期铜已上 涨超过2,410美元/吨。市场观察人士现在坚称，价格上涨的时间过长了。 总部位于多伦多的红云证券全球大宗商品策略师Ken Hoffman称，"铜和所有金属价格都受到美国政府行动带来的全球不确定性的推动，这些行动导致流入美 国的铜大幅增加，不是因为需求，而是为了库存。"他指的是从8月开始对美国进口的半成品铜材征收50%的关税，以及美国宣布打算从2027年开始对未锻造 铜进口征收关税。 Hoffman表示，COMEX铜库存目前超过50.3万吨，而一年前还不到10万吨。 他和其他分析人士还指出了供应中断的影响；2025年，一些最大的矿山出现了生产问题。 LME期铜自10月底以来屡创新高，当时价格超过了2024年5月创下的约11,000美元/吨的历史高点。自那以后，价格迅速攀升，12月23日突破12,000美元/吨， 1月5日几乎达到13,000美元/吨，次日又创下了13,238美元/吨。 金融服务公司StoneX的高级金属分析师Natalie Scott Gray表 ...

Core Insights - Critical Metals Corp. (CRML) has seen a significant increase of over 98% year-to-date, primarily driven by market sentiment and recent geopolitical developments, particularly regarding Greenland [1] Company Summary - CRML's stock performance is characterized by high volatility, typical for companies in the critical metals sector, where investor sentiment plays a crucial role in price movements [1] Industry Context - The renewed interest in Greenland is linked to geopolitical factors, which may influence the supply and demand dynamics for critical metals, potentially benefiting companies like CRML [1]

Group 1 - The rare metal ETF fund has increased by 105.92% over the past year, closely tracking the CSI Rare Metals Theme Index, with lithium and rare earths being the top two components [1] - As of December 31, 2025, the top ten weighted stocks in the CSI Rare Metals Theme Index account for 59.54%, with significant companies including Luoyang Molybdenum, Northern Rare Earth, and Ganfeng Lithium [1] - Recent geopolitical events, such as the situation in Venezuela and China's export controls on dual-use items to Japan, have highlighted the strategic importance of rare earth resources, benefiting the CS Rare Metals Index [1] Group 2 - Since the low of around 60,000 yuan/ton for lithium carbonate futures in May-June last year, prices have surged to over 120,000 yuan/ton by the end of last year, driven by supply constraints and high demand from the energy storage sector [2] - The cobalt market has also seen price increases due to export controls in the Democratic Republic of Congo, leading to a likely continued supply-demand imbalance [2] - The CS Rare Metals Index, which tracks energy metals like lithium and cobalt, is expected to benefit from these market dynamics [2]

In the current market session, Wheaton Precious Metals Inc. (NYSE:WPM) stock price is at $121.97, after a 2.82% decrease. However, over the past month, the company's stock increased by 9.00%, and in the past year, by 115.13%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. Comparing Wheaton Precious Metals P/E Against Its PeersThe P/E ratio is used by long-term shareholders to assess the company's market per ...

Commercial Metals Company (NYSE:CMC) will release earnings results for the first quarter, before the opening bell on Thursday, Jan. 8, 2025.Analysts expect the company to report quarterly earnings at $1.54 per share, up from 78 cents per share in the year-ago period. The consensus estimate for Commercial Metals’ quarterly revenue is $2.05 billion, up from $1.91 billion a year earlier, according to data from Benzinga Pro.On Dec. 10, Jefferies analyst Christopher LeFemina upgraded Commercial Metals from Hold ...

In the current session, the stock is trading at $9.48, after a 4.52% spike. Over the past month, New Gold Inc. (AMEX:NGD) stock increased by 21.54%, and in the past year, by 245.99%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.How Does New Gold P/E Compare to Other Companies?The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to ...