China's Copper, Aluminum Prices Likely to Be Range Bound -- Market Talk

Dow Jones09-25 12:47

0447 GMT - A detailed analysis of the potential impact of China's central bank rate cuts on copper and aluminum prices shows that the two metals are likely to be range bound in this rate cycle and rally when demand picks up, HSBC Global Research analysts say in a note. The analysts like China Hongqiao, rated at a buy, in the aluminium space given its attractive valuation and 2024 dividend yield of 10%. The preferred stock in the China copper space is CMOC, with both its H shares and A shares rated at a buy, for its faster-than-peers earnings growth from its mine expansion, they add. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

September 25, 2024 00:47 ET (04:47 GMT)

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