Your feedback is important to us. Please take our client survey today. Highlights Mounting populism has created a structural tailwind behind inflation. The risk that inflation accelerates quickly is greater than the market…
Copper has withstood the COVID-19 shock much better than Brent despite the strong cyclicality of both natural resources. The long-term outlook is likely to favor copper: a move away from carbon-intensive energy production will…
BCA Research's Commodity & Energy Strategy service expects copper to end the year at $3.00/lb on the COMEX, and to finish 2021 at $3.15/lb. China’s surge in refined copper imports allows it to cover its…
Highlights China’s surge in refined copper imports allows it to cover a structural short position it has in this critical commodity – mostly in its unrefined state – and ensures the stimulus being deployed to revive…
During yesterday’s session, copper prices hit an intraday 2-year high and closed up despite the rebound in the dollar following the release of the Federal Reserve’s minutes. Commentators assigned copper’s…
A positive signs has emerged from the more cyclical corners of the global asset markets: Copper has broken out of its downward-slopping trend line in place since 2011. So has the relative performance of global material stocks…
Highlights The EM equity benchmark’s concentration in the top six stocks – that in turn correlate with US FAANGM – has risen substantially. Hence, the outlook for US mega-cap stocks will continue to significantly…
BCA Research's Commodity & Energy Strategy service expects copper prices to rise further this year, despite tactical worries. Copper prices will end the year higher versus current levels. However, uncertainty remains…
Highlights Our base case reflects our view that China’s strong fiscal and monetary stimulus, combined with a weaker US dollar, will provide a favorable backdrop for copper markets in 2H20. Supply factors are for the most part…