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 Crunch Deepens: China’s Inventory Collapse Reshapes Global Market

Copper Tracker 23rd June 2025: Bullish On Low Inventory, But Need To Monitor China

Ivanhoe's Massive Guide Down And Copper Supply Impacts

Copper Tracker 28th April 2025: A Huge Positive From The China March Lending Data

Copper Tracker 12th May 2025: Bullish On China's Whopping Copper Imports

Copper Tracker 14th April 2025: Green Shoots Emerging After the Trump Tariff Fiasco

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>The narrative surrounding China's front-loaded stimulus faced some headwinds as April's total social financing (TSF) figures undershot expectations, registering 1.16 trillion yuan compared to expected 1.3-1.4 trillion yuan.</li>
<li>Nonetheless, TSF remains up 28% ytd, reaching 15.2 trillion yuan, indicating a robust overall increase relative to the prior year. We expect it to pick up steam in future months. </li>
<li>We believe this will be bullish for copper pricing, coupled with the supply side sluggishness. (Read: <a href="https://www.smartkarma.com/insights/post-results-fy24-mine-by-mine-plan-production-commentary-on-copper-from-global-listed-companies" target="_blank" data-smartkarma-citation="insights:179155" rel="noopener">Post Results FY24: Mine-By-Mine Plan Production + Commentary on Copper From Global Listed Companies</a> ).</li>
</ul>


The narrative surrounding China's front-loaded stimulus faced some headwinds as April's total social financing (TSF) figures undershot expectations, registering 1.16 trillion yuan compared to expected 1.3-1.4 trillion yuan.
Nonetheless, TSF remains up 28% ytd, reaching 15.2 trillion yuan, indicating a robust overall increase relative to the prior year. We expect it to pick up steam in future months. 
We believe this will be bullish for copper pricing, coupled with the supply side sluggishness. (Read: Post Results FY24: Mine-By-Mine Plan Production + Commentary on Copper From Global Listed Companies ).


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

Ivanhoe Mines

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