News
NGLOY
12.43
+1.06%
0.13
AI Will Drive Big Demand for Copper, J.P. Morgan Says. 3 Stocks to Watch.
J.P. Morgan says demand for artificial intelligence might exacerbate a copper shortage later this decade. Data centers will need to revamp their power and cooling systems as AI servers draw more power per square foot. Copper is an essential component for power infrastructure upgrades. Analyst estimates AI will lead to 2.6 million tonnes of additional aggregate copper demand by 2030.
Barron‘s · 10h ago
Not Just Nvidia, AI Is Also Fueling Global Copper Demand: Analyst Reveals 3 Top Stock Picks
Artificial intelligence (AI) is also fueling global copper demand. The demand for copper is an essential component in powering the digital revolution. JPMorgan analyst Dominic O’Kane identifies three top regional copper picks to capitalize on the growing demand for the metal. The growth of AI computing capacity in the coming decade coincides with the growth of the copper market.
Benzinga · 13h ago
EUROPE RESEARCH ROUNDUP-Carnival, Diploma, Rational AG
Analysts revise ratings and price targets on several European companies. Carnival, Diploma and Rational AG revise their ratings and targets on Thursday. Carnival raises target price to 1900p from 1700p, while Reckitt raises price target to 4,000p. A number of analysts raise their targets on other companies.
Reuters · 21h ago
Anglo American (AAUKF): New Buy Recommendation for This Basic Materials Giant
TipRanks · 2d ago
Rising Copper Prices, Portfolio Review Make Underperforming Anglo American Stock A Potential Bargain: Report
Barron's says miner Anglo American could be a promising buy as copper prices rise. The company has been underperforming competitors due to operational problems and a slump in diamond and platinum markets. Anglo American is reviewing its assets and could be spun off or sold to a competitor, the magazine says.
Benzinga · 3d ago
Weekly Report: what happened at NGLOY last week (0318-0322)?
Weekly Report · 3d ago
Anglo American gets a nod from Barron's
Anglo American gets a nod from Barron's. The company could overcome operating issues or find itself acquired by a larger rival. Barron's says copper is the company's best business and copper has the best long-term outlook. The miner is looking to cut costs and cut costs.
Seeking Alpha · 4d ago
This Miner Stock Is An Overlooked Gem
Anglo American is one of the world's leading diversified mining companies. The company's stock is down 24% over the past 12 months. Operational problems and tough conditions in several key markets have hurt the company. But copper is the company's best business and has the best long-term outlook.
Barron‘s · 6d ago
EUROPE RESEARCH ROUNDUP-Aker BP ASA, Ascential, Var Energi
Aker BP ASA, Ascential, Var Energi ASA revise ratings and price targets on several European companies. JP Morgan cuts to from overweight on Aker BP, HSBC cuts to hold from buy. Analysts revise their ratings and target prices on several companies.
Reuters · 6d ago
FOCUS-More investors push Glencore to keep coal post-Teck deal
More investors push Glencore to keep coal post-Teck deal. Three top-15 investors say would vote to keep unit Cite environmental, economic benefits of ownership Echo March 11 demands of activist Tribeca. Swiss-based miner set to buy majority of Canadian miner Teck's coal business.
Reuters · 6d ago
South32 pulls manganese output guidance after cyclone shuts major mine
South32 pulls manganese output guidance after cyclone shuts major mine in Australia. The company's shares fell more than 4% in Australia on Wednesday. South32 suspended operations at the Gemco-Groote mining unit in Australia's Northern Territory following damage caused by a tropical cyclone.
Seeking Alpha · 03/20 15:34
Commodity market open interest hits six-month high as oil and copper inflows surge - JPM
Commodity market open interest hits six-month high as oil and copper inflows surge. The estimated value of open interest across global commodity markets surged by 6% over the week to $71 billion. Inflows in crude oil amounted to $14 billion, the highest since September 2023. Prices of most metals are trading lower today.
Seeking Alpha · 03/20 10:35
Weekly Report: what happened at NGLOY last week (0311-0315)?
Weekly Report · 03/18 12:05
Copper rallies to new highs as supply tightens further
Copper prices in Shanghai hit a record high and prices in London reach an 11-month peak. Copper prices have popped 5% this week as supply tightens further. The rally has been fueled by tightening global supplies. China is the world's biggest copper consumer, but demand outlook is flat.
Seeking Alpha · 03/15 13:15
UPDATE 1-British stocks subdued ahead of U.S. data
British stocks subdued ahead of U.S. Producer price data. OSB eyes worst day in over 8 months after profit margin warning. Exporter-heavy FTSE 100 down 0.03%, FTSe 250 up 0.1%. Trainline jumps on positive cash flow guidance. UK's main share indexes were broadly unchanged.
Reuters · 03/14 09:32
British stocks mixed ahead U.S. data
British stocks mixed ahead of U.S. Economic data later in the day. FTSE 100 flat, FTSe 250 dips 0.04% in early trading. Positive earnings reports offset losses in stocks of companies trading ex-dividend. Deliveroo rises 3.7% after reporting better-than-expected earnings.
Reuters · 03/14 08:23
UK Stocks-Factors to watch on March 14
Britain's FTSE 100 is seen opening lower on Thursday, with futures down 0.03%. Britain's housing market picked up in February, survey shows. Primark to expand its click & collect trial into more stores. Britain's government outlines plans to stop foreign states from owning newspapers.
Reuters · 03/14 04:43
Iron ore hits seven-month lows on continued China demand worries
Seeking Alpha · 03/13 13:41
Copper prices pop as China's top smelters agree to production cut
Copper prices jump as China's top smelters agree to production cut. Benchmark three-month copper prices hit highest in seven months in London and nearly two-year peak in China. China process half the world's mined copper and reached a deal to cut production at some loss-making plants.
Seeking Alpha · 03/13 12:52
Commodity Roundup: Natgas futures down as EIA lowers price forecast for 2024; copper futures rise
U.S. Natural gas prices down as EIA lowers price forecast for 2024; copper futures rise. Oil prices rise on strong demand in the United States. Gold prices rise after snapping a nine-session long rally on Tuesday. EIA raised its 2024 outlook for growth in domestic oil production.
Seeking Alpha · 03/13 10:30
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About NGLOY
Anglo American PLC is a United Kingdom-based mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), iron ore, nickel and manganese. The Company's segments include De Beers, Platinum Group Metals, Copper, Iron Ore, Nickel and Manganese, Crop Nutrients and Corporate and other. De Beers segment is engaged in the diamond business, which offers rough and polished diamonds. Its Platinum Group Metals products include platinum, palladium, rhodium, iridium, ruthenium and osmium. PGMs projects are located in the Bushveld Complex in South Africa. It holds interests in two copper mines: Los Bronces and Collahuasi in Chile and is developing the Quellaveco mine in Peru. Its iron ore operations provide customers with iron content ore through assets in Brazil and South Africa.