Providing investors with a balanced perspective, Massif Capital

Massif Capital Research

Providing investors with a balanced perspective

Massif Capital

Research focused on providing investors with a balanced perspective on the environmental and economic realities of achieving a carbon-neutral economy for businesses within the Energy, Basic Materials and Industrial industries.

The Massif Capital Real Asset Strategy is a global long/short equity strategy built around bottom-up stock picking. We are focused on creating a portfolio of businesses from within the Energy, Basic Materials and Industrial sectors that balance the environmental and economic realities of achieving a carbon-neutral economy.

Commodities

<h3>This Week's Key Take Aways</h3>
<ul>
<li>Lithium stock run may already be out of steam</li>
<li>Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.</li>
<li>No love for North American lumber</li>
<li>Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.</li>
<li>Renewable tax credit qualification has a new physical work standard; the race is on to build.</li>
</ul>

This Week's Key Take Aways

Lithium stock run may already be out of steam
Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.
No love for North American lumber
Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.
Renewable tax credit qualification has a new physical work standard; the race is on to build.


Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

<ul><li>The story of the week was probably the 20% decline in COMEX copper futures during the week.</li><li>A short recap: The gloating voices would perhaps claim that the Trump administration has realized that the high tariffs on copper would significantly harm its own country in the current situation.</li><li>Copper prices collapsed by roughly 20% on Wednesday after President Trump announced that refined metals including copper cathodes will be exempt from the 50% tariff plans.</li></ul>

The story of the week was probably the 20% decline in COMEX copper futures during the week.A short recap: The gloating voices would perhaps claim that the Trump administration has realized that the high tariffs on copper would significantly harm its own country in the current situation.Copper prices collapsed by roughly 20% on Wednesday after President Trump announced that refined metals including copper cathodes will be exempt from the 50% tariff plans.

Copper Prices Collapse - But Hazelnut Prices Explode

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

<ul>
<li>Market expected tariffs on cathode and other copper products, but final announcement only included tariffs on scrap</li>
<li>Change in tariff decision led to collapse in premium of COMEX over LME</li>
<li>Import influx of copper in US may now flow to LME warehouses, potentially affecting prices and supply security efforts</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Market expected tariffs on cathode and other copper products, but final announcement only included tariffs on scrap
Change in tariff decision led to collapse in premium of COMEX over LME
Import influx of copper in US may now flow to LME warehouses, potentially affecting prices and supply security efforts

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Tariff shockwaves churn crude and copper markets

<ul><li>The copper trade still gets lots of attention. Reason for us to dig a little deeper and evaluate emerging opportunities.</li><li>Let’s also evaluate the “fundamental” reason market participants have why COMEX Copper is so much pricier than LME copper…</li><li>The announcement of a 50% tariff on imported refined copper into the US has triggered a widening of the COMEX-LME-Spread from 11% to 27%.</li></ul>

The copper trade still gets lots of attention. Reason for us to dig a little deeper and evaluate emerging opportunities.Let’s also evaluate the “fundamental” reason market participants have why COMEX Copper is so much pricier than LME copper…The announcement of a 50% tariff on imported refined copper into the US has triggered a widening of the COMEX-LME-Spread from 11% to 27%.

Possibilities To Play “The Copper Trade”

<ul>
<li>Our commentary this week is more limited and slightly disjointed, as we are not seeing any clear narratives or themes to focus on.</li>
<li>Here are a few charts that caught our attention in flipping this week’s chartbook.</li>
<li>Our tactical breadth charts, specifically for metals and mining stocks, suggest that a reversal of the recent rise may be in the cards.</li>
</ul>


Our commentary this week is more limited and slightly disjointed, as we are not seeing any clear narratives or themes to focus on.
Here are a few charts that caught our attention in flipping this week’s chartbook.
Our tactical breadth charts, specifically for metals and mining stocks, suggest that a reversal of the recent rise may be in the cards.


Real Asset Chartbook Week #15: Copper Stocks, Railroad Mergers, and the History of US Trade Policy

United States

Copper is a chemical element with symbol Cu (from Latin: cuprum) and atomic number 29. It is a soft, malleable and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a reddish-orange color. It is used as a conductor of heat and electricity, as a building material and as a constituent of various metal alloys, such as Sterling silver used in jewelry, cupronickel used to make marine hardware and coins and constantan used in strain gauges and thermocouples for temperature measurement.

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Copper (COPPER COMDTY)

Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

This Week's Key Take Aways Lithium stock run may already be out of steam Like Oil, the Natural Gas markets appear well supplied and are showing...

Massif Capital Research

Copper Prices Collapse - But Hazelnut Prices Explode

Copper prices collapsed by roughly 20% on Wednesday after President Trump announced that refined metals including copper cathodes will be exempt...

The Commodity Report

Global Commodities: Tariff shockwaves churn crude and copper markets

The tariff on copper products caused market confusion and price corrections, leading to uncertainty around its impact on US copper self-sufficiency...

At Any Rate

Possibilities To Play “The Copper Trade”

The announcement of a 50% tariff on imported refined copper into the US has triggered a widening of the COMEX-LME-Spread from 11% to 27%.

The Commodity Report

Real Asset Chartbook Week #15: Copper Stocks, Railroad Mergers, and the History of US Trade Policy

Our commentary this week is more limited and slightly disjointed, as we are not seeing any clear narratives or themes to focus on. Here are a few...

Massif Capital Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)