Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Copper: China Copper Concentrate Imports Show No Signs Of Letting Up

Grasberg Slips, Copper Rips: Sulfuric Acid Shortages and Diesel Costs Add Fuel

Copper Price Correction: Four Stocks To Look At

Copper: Commodities Ex-Energy Taking A Hammering,1.2 Million Ton Inventory Unwind In The Short-Term

Copper: Comex Spread Unwind On Trump Tariff Implosion

Copper Great Long-Term, But Short-Term Retrace To 12k USD/Ton Or Lower

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>Copper prices rebounded last week by 5.6% YoY amid optimism over peace talks with Iran/US and a very small <a href="https://www.businesstimes.com.sg/companies-markets/energy-commodities/china-moves-ban-sulphuric-acid-exports-iran-war-hits-supply" target="_blank" rel="noopener">cost push from China's ban on sulphuric acid</a> exports.</li>
<li>Unfortunately, over the weekend, it was announced that there has been <a href="https://www.nbcnews.com/world/iran/live-blog/live-updates-trump-iran-hormuz-israel-lebanon-ceasefire-talks-pakistan-rcna285140" target="_blank" rel="noopener">no resolution in the peace talks</a> between the countries, which we believe will weigh on copper prices.</li>
<li>We see copper hit the 11k USD/ton level in the short term, as over 1 million tons of the metal are to be destocked on exchanges. </li>
</ul>


Copper prices rebounded last week by 5.6% YoY amid optimism over peace talks with Iran/US and a very small cost push from China's ban on sulphuric acid exports.
Unfortunately, over the weekend, it was announced that there has been no resolution in the peace talks between the countries, which we believe will weigh on copper prices.
We see copper hit the 11k USD/ton level in the short term, as over 1 million tons of the metal are to be destocked on exchanges. 


Copper: No Resolution To The Peace Talks + High Inventories = Destock And Lower Prices

Southern Copper

Copper: No Resolution To The Peace Talks + High Inventories = Destock And Lower Prices