World's top miners set for hit from sharp slump in industrial activity, Deutsche Bank says

seekingalpha09-15

The top global mining companies are set to suffer from a drop in the prices of metals including copper, nickel and iron ore caused by a steep slump in industrial activity in China, the U.S. and Europe...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2467187027?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/171115918/image_171115918.jpg","is_english":true,"pubTime":"2024-09-15 08:35","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2467187027","market":"us","top_or_hot":-1,"title":"World's top miners set for hit from sharp slump in industrial activity, Deutsche Bank says","media":"seekingalpha","content":"<div>\n<p>The top global mining companies are set to suffer from a drop in the prices of metals including copper, nickel and iron ore caused by a steep slump in industrial activity in China, the U.S. and Europe...</p>\n\n<a href=\"https://seekingalpha.com/news/4149307-worlds-top-miners-set-for-hit-from-sharp-slump-in-industrial-activity-deutsche-bank-says\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World's top miners set for hit from sharp slump in industrial activity, Deutsche Bank says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld's top miners set for hit from sharp slump in industrial activity, Deutsche Bank says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-15 08:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4149307-worlds-top-miners-set-for-hit-from-sharp-slump-in-industrial-activity-deutsche-bank-says><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The top global mining companies are set to suffer from a drop in the prices of metals including copper, nickel and iron ore caused by a steep slump in industrial activity in China, the U.S. and Europe...</p>\n\n<a href=\"https://seekingalpha.com/news/4149307-worlds-top-miners-set-for-hit-from-sharp-slump-in-industrial-activity-deutsche-bank-says\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NHYDY","symbol_name":"Norsk Hydro ASA","start_time":0,"source_url":"https://seekingalpha.com/news/4149307-worlds-top-miners-set-for-hit-from-sharp-slump-in-industrial-activity-deutsche-bank-says","article_id":"2467187027","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/171115918/image_171115918.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467187027","pubTimestamp":1726360500,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The top global mining companies are set to suffer from a drop in the prices of metals including copper, nickel and iron ore caused by a steep slump in industrial activity in China, the U.S. and Europe, Deutsche Bank analysts said this week. The world is set for a \"synchronous downturn in industrial activity in China, the U.S. and Europe,\" causing miners including Glencore  , Rio Tinto  and BHP  to take a hit to their bottom lines in 2024 and 2025, Deutsche Bank analysts led by Liam Fitzpatrick said. The bank cut its aluminum, copper and nickel price forecasts for Q4, expecting metals prices will drop sharply over the next two quarters and remain low into 2025. Price targets for several of the world's largest metals producers were cut by the bank, including Anglo American  , Antofagasta  and Norsk Hydro  . Deutsche Bank slashed its earnings forecast for First Quantum  by 12.9% for 2024 and 14.1% in 2025, Lundin Mining  by 9.1% in 2024 and 12.8% in 2025, and Vale  by 8.1% in 2024 and 8.2","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NHYDY":"Norsk Hydro ASA","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","BK4168":"多种金属与采矿","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0265267285.USD":"BNP PARIBAS BRAZIL EQUITY \"C\" (USD) INC","BK4585":"ETF&股票定投概念","NHYKF":"Norsk Hydro ASA","LU0086394185.USD":"SCHRODER ISF LATIN AMERICAN \"A\" (USD) INC AV","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","LUNMF":"Lundin Mining Corp.","BK4533":"AQR资本管理(全球第二大对冲基金)","GLCNF":"Glencore Plc","RIO":"力拓","VALE":"淡水河谷","LU0106259046.USD":"施罗德拉丁美洲基金","BK4566":"资本集团","LU0075056555.USD":"贝莱德世界矿业基金A2","BHP":"必和必拓公司","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","DB":"德意志银行","LU0265266980.USD":"法巴巴西股票基金","NGLOY":"Anglo American plc","BK4588":"碎股","AAUKF":"Anglo American plc","GLNCY":"Glencore Plc","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","BK4153":"铝","LU0072463663.USD":"Blackrock Latin American A2 USD","FQVLF":"First Quantum Minerals Ltd.","BK4015":"铜","LU0788109048.HKD":"BGF LATIN AMERICAN \"A2\" (HKDHGD) ACC","BK4548":"巴美列捷福持仓","BK4006":"钢铁","IE00B1B80R65.USD":"柏瑞拉丁美洲股票A"},"translate_title":"德意志银行表示，全球顶级矿商将受到工业活动大幅下滑的打击","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BHP":1,"VALE":1,"RIO":1,"NHYKF":1,"NHYDY":1,"NGLOY":1,"LUNMF":1,"GLNCY":1,"GLCNF":1,"FQVLF":1,"DB":1,"AAUKF":1},"content_text":"The top global mining companies are set to suffer from a drop in the prices of metals including copper, nickel and iron ore caused by a steep slump in industrial activity in China, the U.S. and Europe, Deutsche Bank analysts said this week. The world is set for a \"synchronous downturn in industrial activity in China, the U.S. and Europe,\" causing miners including Glencore (OTCPK:GLCNF) (OTCPK:GLNCY), Rio Tinto (RIO) and BHP (BHP) to take a hit to their bottom lines in 2024 and 2025, Deutsche Bank analysts led by Liam Fitzpatrick said. The bank cut its aluminum, copper and nickel price forecasts for Q4, expecting metals prices will drop sharply over the next two quarters and remain low into 2025. Price targets for several of the world's largest metals producers were cut by the bank, including Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY), Antofagasta (OTC:ANFGF) and Norsk Hydro (OTCQX:NHYDY) (OTCQX:NHYKF). Deutsche Bank slashed its earnings forecast for First Quantum (OTCPK:FQVLF) by 12.9% for 2024 and 14.1% in 2025, Lundin Mining (OTCPK:LUNMF) by 9.1% in 2024 and 12.8% in 2025, and Vale (NYSE:VALE) by 8.1% in 2024 and 8.2% in 2025.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2467187027"}