In today’s briefing:
- GPIL: Mining to Recycling
- Copper Tracker 28th April 2025: A Huge Positive From The China March Lending Data
- Iron Ore Tracker (28-Apr-2025): Iron Ore Within The Band, China Lending Data To The Rescue
- Japan Pure Chemical (4973 JP): Full-year FY03/25 flash update
GPIL: Mining to Recycling
- GPIL operates integrated iron ore mining, pellet, and steel facilities with captive power assets in Chhattisgarh.
- Acquired 51% stake in Jammu Pigments to enter non-ferrous recycling.
- Focused on mining and pellet capacity expansion, with selective growth in recycling and smaller steel projects.
Copper Tracker 28th April 2025: A Huge Positive From The China March Lending Data
- China’s Total Social Financing (TSF) saw a 22% YoY rise, reaching 5.89 trillion yuan, surpassing the expected 4.8 trillion yuan and boosting optimism for preemptive stimulus measures.
- COMEX spreads rose above 1200 USD/ton, while Yangshan premiums climbed to 90 USD/ton, reinforcing our positive outlook on copper prices.
- Positive Q1 FY25 results from Southern Copper (SCCO US), First Quantum Minerals (FM CN), and Antofagasta PLC (ANTO LN)‘s positive production update have set the tone for a bullish copper outlook.
Iron Ore Tracker (28-Apr-2025): Iron Ore Within The Band, China Lending Data To The Rescue
- Iron ore prices experienced a modest WoW increase of 0.2%, reflecting easing trade tensions as the US considers reducing some of the stringent tariffs previously imposed.
- China’s Total Social Financing (TSF) increased by 22% YoY, reaching 5.89 trillion yuan, surpassing the expected 4.8 trillion yuan and boosting optimism for preemptive stimulus measures.
- China’s March steel production rose 5% YoY to 92.8 million tons, underscoring its vital role in the market, contributing 56% to total global production.
Japan Pure Chemical (4973 JP): Full-year FY03/25 flash update
- Revenue in FY03/25 grew 10.4% YoY, with operating profit increasing 41.8% YoY, driven by generative AI demand.
- Net income surged 188.1% YoY due to gains on the sale of shares, despite slowing automotive sales.
- JPC anticipates steady demand for AI-related applications and expects revenue growth in FY03/26 despite higher expenses.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
