Non-ferrous metals industry weekly report: Powell's attitude is dovish, and gold prices continue to rise
This week, gold prices continued to rise, Powell announced a pause in interest rate hikes, and gold ushered in a V-shaped reversal, hitting a record high. Copper prices fluctuated weakly, inventories continued to rise, and there was limited room for growth in the short term. Aluminum prices were affected by the recovery of downstream consumption, and social inventories turned to destocking. Molybdenum prices bottomed out, and steel mill tenders picked up. Tin prices are still in the destocking stage, and consumer electronics are showing signs of recovery. The relationship between lithium price supply and demand has not changed, and the industry is still oversupplied. Industry companies include CICC Gold, Zijin Mining, Western Mining, Lizhong Group, Industrial Yinxi, Tin Shares, China Mining Resources, etc.
