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Morgan Stanley sees China aluminium exports jump on Middle East supply issues

Tue, 09 Jun 2026 07:37:39 -0400

Investing.com - China's aluminium and product exports rose 16% year-over-year in May to 632,000 metric tons, the highest level since November 2024, according to Morgan Stanley data released Tuesday. Steel exports declined 2% year-over-year during the same period.

Supply disruptions in the Middle East tightened markets outside China and lifted London Metal Exchange prices, widening the export arbitrage for aluminium. Chinese inventories have begun to decline, particularly as semi-finished product exports increase.

Steel exports in May totaled 10.3 million metric tons, improving 9% month-over-month despite the year-over-year decline, likely reflecting a low base in April. Exports for the first five months of

Morgan Stanley sees China aluminium exports jump on Middle East supply issues

Tue, 09 Jun 2026 07:37:39 -0400

Steel exports in May totaled 10.3 million metric tons, improving 9% month-over-month despite the year-over-year decline, likely reflecting a low base in April. Exports for the first five months of

Morgan Stanley sees China aluminium exports jump on Middle East supply issues

Tue, 09 Jun 2026 07:37:39 -0400

Steel exports in May totaled 10.3 million metric tons, improving 9% month-over-month despite the year-over-year decline, likely reflecting a low base in April. Exports for the first five months of

Morgan Stanley sees China aluminium exports jump on Middle East supply issues

Tue, 09 Jun 2026 07:37:39 -0400

Steel exports in May totaled 10.3 million metric tons, improving 9% month-over-month despite the year-over-year decline, likely reflecting a low base in April. Exports for the first five months of

Morgan Stanley sees China aluminium exports jump on Middle East supply issues

Tue, 09 Jun 2026 07:37:39 -0400

Steel exports in May totaled 10.3 million metric tons, improving 9% month-over-month despite the year-over-year decline, likely reflecting a low base in April. Exports for the first five months of

Morgan Stanley sees China aluminium exports jump on Middle East supply issues

Tue, 09 Jun 2026 07:37:39 -0400

Steel exports in May totaled 10.3 million metric tons, improving 9% month-over-month despite the year-over-year decline, likely reflecting a low base in April. Exports for the first five months of

Jefferies raises base metals forecasts on demand outlook

Mon, 08 Jun 2026 05:11:45 -0400

Investing.com -- Jefferies has raised its base metals price forecasts, citing a shift from supply-driven to demand-driven market conditions.

The firm now projects LME copper prices will reach a peak of $8 per pound in 2030-31, up from its previous forecast of $6 per pound. The investment bank also increased its aluminum price forecasts. Both projections stand above consensus estimates.

Copper currently trades at $6.14 per pound. Jefferies expects prices to reach $6.50 per pound in 2027 before climbing to $8.00 per pound, equivalent to $17,600 per tonne, by 2031-32.

The revised outlook reflects anticipated demand growth from data center construction and power

Jefferies raises base metals forecasts on demand outlook

Mon, 08 Jun 2026 05:11:45 -0400

Investing.com -- Jefferies has raised its base metals price forecasts, citing a shift from supply-driven to demand-driven market conditions.

Copper currently trades at $6.14 per pound. Jefferies expects prices to reach $6.50 per pound in 2027 before climbing to $8.00 per pound, equivalent to $17,600 per tonne, by 2031-32.

The revised outlook reflects anticipated demand growth from data center construction and power

Jefferies raises base metals forecasts on demand outlook

Mon, 08 Jun 2026 05:11:45 -0400

Investing.com -- Jefferies has raised its base metals price forecasts, citing a shift from supply-driven to demand-driven market conditions.

Copper currently trades at $6.14 per pound. Jefferies expects prices to reach $6.50 per pound in 2027 before climbing to $8.00 per pound, equivalent to $17,600 per tonne, by 2031-32.

The revised outlook reflects anticipated demand growth from data center construction and power

Jefferies raises base metals forecasts on demand outlook

Mon, 08 Jun 2026 05:11:45 -0400

Investing.com -- Jefferies has raised its base metals price forecasts, citing a shift from supply-driven to demand-driven market conditions.

Copper currently trades at $6.14 per pound. Jefferies expects prices to reach $6.50 per pound in 2027 before climbing to $8.00 per pound, equivalent to $17,600 per tonne, by 2031-32.

The revised outlook reflects anticipated demand growth from data center construction and power

Morgan Stanley sees US copper tariff decision as key risk event

Mon, 08 Jun 2026 04:57:48 -0400

Investing.com -- Morgan Stanley analysts highlighted the upcoming US decision on refined copper import tariffs as a significant risk event for copper markets. The US must decide by June 30 or July 1 whether to implement a 15% refined copper import tariff starting January 1, 2027, which could rise to 30% in 2028.

The COMEX copper price, a US-delivered benchmark, could trade approximately 15% higher than the London Metal Exchange benchmark if tariffs are announced. COMEX is already trading about 6% higher than LME, encouraging market participants to ship copper to the US ahead of potential implementation.

Morgan Stanley estimated that the

Morgan Stanley sees US copper tariff decision as key risk event

Mon, 08 Jun 2026 04:57:48 -0400

Morgan Stanley estimated that the

Barclays analysis shows mining stocks pricing in commodities below spot levels