Materials| Industrials |Commodities

Rahul Jain

Over 20 years of sell-side research experience across Indian Metals & Mining, Cement, Industrials, and Commodities. Focused on fundamentals-driven analysis including earnings modeling, cost structures, and valuations using DCF and relative multiples. Global commodity cycles, supply-demand trends, and macro factors are integrated into sector calls. Research prioritizes inflection points from price, cost, and policy shifts, using a disciplined bottom-up approach supported by top-down macro screening.

Zijin Mining Group: Undervalued, Diversified, and Scaling Fast

Copper Tracker 26th May 2025: TSF Momentum Dampened on Trump Tariffs in April

CMOC Group Limited (HKEX: 3993) – High-Growth, Low-Cost Producer Positioned for Re-Rating

Commodities

<ul>
<li>Chinese copper inventories have dropped to 15-year seasonal lows, with SHFE stockpiles plunging 60% in April — the sharpest decline on record.</li>
<li>This signals intense physical market tightness, driven by strong demand and smelter cutbacks.</li>
<li>The trend is reinforcing bullish sentiment, tightening global balances, and spurring strategic moves across the copper supply chain.</li>
</ul>


Chinese copper inventories have dropped to 15-year seasonal lows, with SHFE stockpiles plunging 60% in April — the sharpest decline on record.
This signals intense physical market tightness, driven by strong demand and smelter cutbacks.
The trend is reinforcing bullish sentiment, tightening global balances, and spurring strategic moves across the copper supply chain.


Copper Crunch Deepens: China’s Inventory Collapse Reshapes Global Market