Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

Commodities

<ul><li>Base metals, particularly copper, are sensitive to China specific tariffs, leading to a rise in copper prices in early 2025</li><li>Near term market outlook is cautious due to supply and demand dynamics, with prices potentially pulling back towards $9,000 per ton</li><li>Long term outlook for copper market tightening in 2025 due to slowing mine supply growth and modest deceleration in global demand growth, with potential risks in X Chinese demand.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Base metals, particularly copper, are sensitive to China specific tariffs, leading to a rise in copper prices in early 2025Near term market outlook is cautious due to supply and demand dynamics, with prices potentially pulling back towards $9,000 per tonLong term outlook for copper market tightening in 2025 due to slowing mine supply growth and modest deceleration in global demand growth, with potential risks in X Chinese demand.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Copper — From tariffs to tightness

Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

<ul><li>The outlook for copper in the near term is positive, but the market interest in copper may mean higher prices</li><li>Investing in copper may be expensive due to high demand and M&amp;A activity in the sector</li><li>Finding a pure play copper company of significant scale on the ASX may be challenging, with considerations of China's impact on copper demand and production levels in mind.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The outlook for copper in the near term is positive, but the market interest in copper may mean higher pricesInvesting in copper may be expensive due to high demand and M&amp;A activity in the sectorFinding a pure play copper company of significant scale on the ASX may be challenging, with considerations of China's impact on copper demand and production levels in mind.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Precious metals sub index has surged by 62% year to date, base metals are up 11%, oil has declined by 16%, and agricultural livestock index has been flat</li><li>Forecasting broadly flat returns for 2026, with declines in energy offset by price increases in metals and agriculture</li><li>Gold price expected to rise to $5,000 per ounce by end of 2026, driven by supply inelasticity, central bank demand, and investor inflows</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Precious metals sub index has surged by 62% year to date, base metals are up 11%, oil has declined by 16%, and agricultural livestock index has been flatForecasting broadly flat returns for 2026, with declines in energy offset by price increases in metals and agricultureGold price expected to rise to $5,000 per ounce by end of 2026, driven by supply inelasticity, central bank demand, and investor inflowsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: 2026 Outlook – Supply-driven crocodile cycle

Hot Topics in Global Metals & Mining Each Week, BMO Equity Research Metal Matters

BMO Equity Research Metal Matters

Hot Topics in Global Metals & Mining Each Week

Featuring Colin Hamilton, Commodities analyst at BMO Capital Markets, Metal Matters discusses the hot topics in Global Metals & Mining each week.

Cross Asset Strategy

<ul><li>Aluminium prices have been hitting three year highs and outperforming copper</li><li>China's five year plan emphasizes consumption and trade links, but there are concerns about economic slowdown</li><li>Chief economist Doug Porter discusses Fed funds rate and potential rate cuts, leaning towards a dovish view for 2026</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Aluminium prices have been hitting three year highs and outperforming copperChina's five year plan emphasizes consumption and trade links, but there are concerns about economic slowdownChief economist Doug Porter discusses Fed funds rate and potential rate cuts, leaning towards a dovish view for 2026This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Outlook for 2025 across commodities sectors discussed</li><li>Bullish view on gold, base metals, and agricultural commodities</li><li>Neutral to bearish outlook on oil prices for 2025 and 2026</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Outlook for 2025 across commodities sectors discussedBullish view on gold, base metals, and agricultural commoditiesNeutral to bearish outlook on oil prices for 2025 and 2026This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: 2025 Outlook: bullish on gold for third year; supply-constrained base metals ...

United States

Copper is a chemical element with symbol Cu (from Latin: cuprum) and atomic number 29. It is a soft, malleable and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a reddish-orange color. It is used as a conductor of heat and electricity, as a building material and as a constituent of various metal alloys, such as Sterling silver used in jewelry, cupronickel used to make marine hardware and coins and constantan used in strain gauges and thermocouples for temperature measurement.

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Copper (COPPER COMDTY)

Global Commodities: Copper — From tariffs to tightness

Copper prices have increased but may face downward pressure due to weaker than expected Chinese demand and potential tariff risks.

At Any Rate

We Answer an Open Q&A

The copper market outlook is positive in the near term due to high demand, but concerns about overvaluation and the influence of global events like...

Money of Mine

Global Commodities: 2026 Outlook – Supply-driven crocodile cycle

The precious metals sub index has experienced a significant increase, with gold price expected to reach $5,000 per ounce by the end of 2026, while...

At Any Rate

Delving Into the Macro

Aluminium prices hit three year highs, China's economy shows signs of slowdown, market anticipates more rate cuts which could benefit commodities...

BMO Equity Research Metal Matters

Global Commodities: 2025 Outlook: bullish on gold for third year; supply-constrained base metals ...

The annual outlook for commodity prices in 2025 predicts a small increase, with bullish trends in base metals and agricultural commodities, but...

At Any Rate

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