Commodity Roundup: BMI ups zinc price forecast to $2,700/t, says copper to hold up amid China optimism [Seeking Alpha]
Hudbay Minerals Inc. Ordinary Shares (Canada) (HBM)
Last hudbay minerals inc. ordinary shares (canada) earnings: 2/20 05:35 pm
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Source: Seeking Alpha
prices higher, while it maintained the average annual copper price forecast at 9,600/tonne. A decline in zinc concentrate production has weighed on refined output, resulting in a forecasted market deficit of 141kt in 2024, contrasting sharply with the 196kt surplus observed in 2023. At the same time, broader market fundamentals are reinforcing price growth in H224, with the Federal Reserve's initiation of its rate-cutting cycle and fresh Mainland Chinese stimulus propelling prices upward, the brokerage added. Zinc prices closed at a new YTD high of 3,174/tonne on Oct. 2, reaching levels unseen since February 2023. The brokerage, however, anticipates a marginal softening from current price levels as the market digests the stimulus news and rate cut expectations. In the longer-term, it forecasts zinc prices to average $2,700/tonne over 2024-2028, remaining below 2022 levels of $3,440/tonne. In terms of copper, BMI said the strength in copper prices will be driven mainly by pos
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News
- A Look At The Intrinsic Value Of Hudbay Minerals Inc. (TSE:HBM) [Yahoo! Finance]Yahoo! Finance
- Copper Market Poised for Robust Growth with a Steady CAGR of 5.03% Through 2030, Reaching US$341.96 billion [Yahoo! Finance]Yahoo! Finance
- Is Hudbay Minerals (HBM) One of The Best Materials Stocks to Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- Hudbay Minerals Inc. (NYSE: HBM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Hudbay Minerals Inc (HBM) Q3 2024 Earnings Call Highlights: Record Gold Production and Strong ... [Yahoo! Finance]Yahoo! Finance
HBM
Earnings
- 11/13/24 - Beat
HBM
Sec Filings
- 12/19/24 - Form 6-K
- 12/11/24 - Form 144
- 11/18/24 - Form 6-K
- HBM's page on the SEC website