CNBC - booming,’ says Goldman Sachs PUBLISHED SUN, OCT 1 2023
China’s demand for many major commodities has been growing at “robust rates,” Goldman Sachs said in a recent note.
The investment bank observed that China’s demand for copper has risen 8% year on year, while appetite for iron ore and oil are up by 7% and 6%, respectively, all beating Goldman’s full-year expectations.
“This strength in demand has largely been tied to a combination of strong growth from the green economy, grid and property completions,” the Goldman report observed.
While China’s embattled property sector is still struggling to recover, the investment bank noted that China’s green economy has shown “significant strength” so far this year, resulting in a demand surge for metals related to the green transition, such as copper.
Goldman’s economists attributed China’s green copper rush largely to its onshore solar installations, which in 2023 so far have “amounted to the level of all previous years’ installations.”
Does DVP have any Copper somewhere?
- Forums
- ASX - By Stock
- Copper demand is on the rise
CNBC - booming,’ says Goldman Sachs PUBLISHED SUN, OCT 1...
-
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DVP (ASX) to my watchlist
|
|||||
Last
$2.21 |
Change
0.010(0.45%) |
Mkt cap ! $567.7M |
Open | High | Low | Value | Volume |
$2.21 | $2.27 | $2.20 | $462.5K | 206.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 496 | $2.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.22 | 5896 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 989 | 2.200 |
12 | 22068 | 2.190 |
7 | 15280 | 2.180 |
6 | 17552 | 2.170 |
7 | 144185 | 2.160 |
Price($) | Vol. | No. |
---|---|---|
2.210 | 4934 | 17 |
2.220 | 16981 | 13 |
2.230 | 5892 | 11 |
2.240 | 3786 | 6 |
2.250 | 39017 | 7 |
Last trade - 14.02pm 04/07/2024 (20 minute delay) ? |
Featured News
DVP (ASX) Chart |