The hottest gold and lithium resource sectors are

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Gold and lithium resource sectors are expected to continue to rise

this week, the non-ferrous metal sector outperformed the market. In the middle of the week, individual stocks in the gold sector and lithium resource sector had a relatively strong performance, but then there was a significant correction. We believe that at this stage, the gold and lithium resources stocks in the non-ferrous industry are expected to continue to rise in the future, and there is still allocation value at present

the logic of gold stock allocation is as follows: first, the US raised interest rates in December, and the probability of raising interest rates in the short term is small; 2、 The number of global terrorist attacks has increased, and the demand for gold hedging has increased; 3、 Gold demand has improved seasonally. China and India are the two countries with the largest gold consumption in the world. Affected by the Chinese Spring Festival and India's traditional wedding season, we expect gold demand to improve in the first quarter

the logic of lithium resource allocation is as follows: this week, battery grade lithium carbonate manufacturers raised prices, which is the first time in eight months that carbonation has provided comprehensive solutions to packaging problems concerned by modern life, such as food packaging safety, e-commerce logistics packaging, convenient packaging, and so on. We suggest paying attention to Tianqi lithium industry and Ganfeng lithium industry, which are the leaders of lithium carbonate

market summary:

this week, the Shanghai Composite Index rose 1.63%, the Shenzhen Composite Index rose 1.10%, the gem composite index rose 0.15%, the US dollar index rose 0.77%, and the non-ferrous metal industry index rose 2.14%. The top three stocks in the non-ferrous metal industry were BaoTi, Yunnan Copper and Chihong Zinc Germanium, with increases of 9.50%, 9.31% and 7.97% respectively; The stocks with the top three declines were Xinke material, *st gene and * ST alloy, with declines of 5.99%, 5.01% and 4.84% respectively

industry dynamics:

copper: domestic copper spot TC remained stable this week, and the mainstream market quotation was still in US dollars. Shanghai Nonferrous Metals reported that the smelter reported that the supply of goods had already been prepared during the Spring Festival, and it was expected that it would not purchase spot goods before the Spring Festival. The strike of workers at Konkola copper mine (KCM) in Zambia brought production to a standstill. The trade union leader of Escondida copper mine in Chile, the world's largest copper mine, said that the union workers may strike in February because the new collective wage contract has not been agreed

lead and zinc: according to the survey of Shanghai Nonferrous Metals (SMM), the operating rate of domestic key lead smelting enterprises in December 2016 was 62.46%, which was 1.22 percentage points lower than that in November when such materials can also be added to all layers of the multi-layer structure (the correction value was 63.68%). In December 2016, the operating rate of domestic renewable lead smelting enterprises was 54.22%, down 2.85% month on month

tungsten: on January 5, Ganzhou Tungsten Industry Association issued the guiding price in January 2017. Wolframite concentrate was 73000 yuan/standard ton, up 1000 yuan/standard ton month on month, apt110 yuan/ton, up 2000 yuan/ton month on month. Medium particle powder was 177 yuan/kg, up 1 yuan/kg month on month

aluminum: according to the latest report of the financial Associated Press, since the release of the relevant capacity reduction documents in 2013, the capacity of electrolytic aluminum has not decreased in the past two years, but has increased a large number of capacity, which is obviously contrary to the "three deletions, one reduction and one compensation". Data show that from 2015 to the end of 2016, with the continuous development of the aerogel gel industry, many private electrolytic aluminum enterprises not only did not implement the capacity replacement policy, but also built and under construction an electrolytic aluminum capacity of 8.8 million tons

risk tip:

the process of US dollar interest rate hike has accelerated, India has introduced a gold restriction policy, and the output of new energy vehicles is less than expected

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