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☆ 'Biggest investment opportunity': Investment manager names stocks to play the copper market
▼ + stars: | 2024-05-09 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Will McDonough, CEO of merchant bank Corestone Capital, says he has "not seen this level of interest and conversation on copper." "Any population growth or industrial growth leads to growth in copper demand. And with the whole battery and electrification movement, there is going to be so much demand for lithium and copper that the company can benefit from," the investment manager said. Copper futures Aside from stocks, McDonough suggests buying copper futures as a good way to play the opportunities in the copper market and the rising demand for the metal. "I think that the price of copper is way under-appreciated.

Persons: Will McDonough, McDonough, SQM Organizations: CNBC Pro, New York Stock Exchange, Sociedad, Minera de Chile SA, BHP Locations: Minera, Chilean

☆ BofA Securities says copper is one of its top commodity picks
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA Securities says copper is one of its top commodity picksMatty Zhao, head of Asia-Pacific basic materials and oil and gas research at BofA Securities, says artificial intelligence will boost the demand for copper and the metal's prices.

Persons: Matty Zhao Organizations: BofA Securities Locations: Asia, Pacific

☆ Diego Maradona’s Golden Ball trophy went missing in unknown circumstances for decades. Now it’s expected to sell for millions
▼ + stars: | 2024-05-08 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —Diego Maradona’s Golden Ball trophy from the 1986 World Cup, which had gone missing in contested circumstances for decades, has reappeared and is anticipated to sell for millions of dollars at auction next month. Argentina went on to defeat West Germany 3-2 in the final and win the second of the country’s three World Cup titles. Maradona controls the ball during the 1986 World Cup final against West Germany. Colorsport/ShutterstockThe history of the Golden Ball trophy awarded to Maradona in Paris after the tournament is shrouded in mystery. Maradona was unquestionably a household name before the 1986 World Cup, but after leading Argentina to the title, he became a global superstar.

Persons: CNN — Diego Maradona’s, ” François Thierry, “, ” Maradona, God, ”, Maradona, Thierry, there’s, didn’t, Aguttes, Asif Kapadia’s Organizations: CNN, England, CNN Sport, West, Maradona, Italian, Napoli, Argentine Locations: Paris, Argentina, Argentine, West Germany, Buenos Aires

☆ Amateur archaeologists found a mysterious 12-sided object from the Roman Empire that experts can't explain
▼ + stars: | 2024-05-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

An amateur archaeology group found a mysterious dodecahedron near an ancient Roman villa. Amateur archaeologists with the Norton Disney History and Archaeology Group have been excavating its remains, including a bathhouse, gatehouse, and ancient tiled mosaic floors for the last few years when they made a miraculous discovery. Though he'd never seen one in person, Rob Evershed, a member of the group, recognized the hollow, rounded object as a Roman dodecahedron. No one knows the purpose of the dodecahedronThe Norton Disney History and Archaeology Group on the day they discovered the dodecahedron. Dodecahedrons may have been custom-madeParker thinks it would've taken an expert to make the dodecahedron that the Norton Disney group found.

Persons: —, Richard Parker, Richard Watts, they've, Norton, we'd, Parker, he'd, Rob Evershed, Frances McIntosh, McIntosh, haven't, dodecahedrons Organizations: Service, Norton Disney, Group, BBC, Lincoln Museum, English Heritage, Washington Post Locations: London, Hertfordshire, England, England's Midlands, British, Britain, Roman, Belgium, Croatia, France, Germany, Great Britain, Hungary, Luxemburg, Netherlands, Switzerland, Italy, Spain, Africa, Turkey

☆ Turn to emerging markets for investments that ‘will power the AI revolution,’ portfolio manager says
▼ + stars: | 2024-05-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

A lower rate environment this year will boost the thesis for investing in emerging markets, according to Christine Phillpotts, a portfolio manager at Ariel Investments. Phillpotts, who manages Ariel's Emerging Markets Value and Emerging Markets Value ex-China strategies, told CNBC's Mike Santoli at Berkshire Hathaway's annual shareholder meeting that there are several reasons why emerging markets should outperform in 2024 and beyond. For starters, a lower interest rate environment would mean that investors would increase flows to ex-U.S. regions, including emerging markets. The portfolio manager noted that valuation discounts for emerging market equities are at all-time lows, based on a comparison of the MSCI Emerging Markets Index versus the S & P 500. For investors interested in artificial intelligence beneficiaries, Phillpotts highlighted that key opportunities in emerging markets lay within the picks-and-shovels plays that "will power the AI revolution."

Persons: Christine Phillpotts, CNBC's Mike Santoli, She's, Ariel's, Phillpotts, Warren Buffett's Organizations: Ariel Investments, Federal Reserve, Ariel, China Locations: China, Berkshire, U.S

☆ Ron Insana: The 2024 inflation scare has arrived, but there are still signs of hope for investors
▼ + stars: | 2024-04-30 | by ( Ron Insana | ) www.cnbc.com time to read: +3 min

Elizabeth Frantz | ReutersIt appears the great inflation scare of 2024 is upon us. The Fed's preferred measure of inflation, the core personal consumption expenditures price index, grew 2.8% from a year earlier in March. The recent inflation numbers have reduced the expected number of cuts down to one or two, with the first cut anticipated to arrive much later this year. Some recent signs of cooling emergeCommodity prices, like cocoa , coffee and copper , have been on a tear in 2024. Despite all the military activity in the Middle East, oil prices have been reasonably well behaved, taking into consideration the energy shocks of years past.

Persons: Jerome Powell, Elizabeth Frantz, –, specter Organizations: Federal, Committee, Reuters, Fed, Hamas Locations: Washington , U.S, Israel

☆ Teen vaping linked with toxic lead exposure, study finds
▼ + stars: | 2024-04-29 | by ( Kristen Rogers | ) edition.cnn.com time to read: +6 min

Now, a new study, building upon previous evidence, has found that among teens, vaping often may spike the risk of exposure to lead and uranium — potentially harming brain and organ development in young people. However, chronic exposure to metals, “even at low levels, can lead to detrimental health impacts, affecting cardiovascular, renal, cognitive and psychiatric functions,” she added. The study was conducted at one point in time, so the authors couldn’t control for chronic or long-term exposure. The authors acknowledged that their study is observational, meaning it didn’t find a causal relationship between vaping and toxic metal levels. But knowing why this preference led to higher uranium exposure requires more research.

Persons: CNN — Vaping, vaping, ”, Hongying Daisy Dai, Vaping, Dai, coauthors, vaped, Dai wasn’t, ” Dai, “, Lion Shahab, Shahab, wasn’t, don’t, ” Shahab Organizations: CNN, Tobacco, Tobacco Survey, US Food and Drug Administration, biostatistics, University of Nebraska Medical Center, National Youth Tobacco Survey, Tobacco and Health, University College London, UCL Tobacco, Alcohol Research, ” Locations: United States, vaping

London CNN —Prince Harry will return to the United Kingdom in May to celebrate a milestone anniversary of the Invictus Games, the biennial sporting competition he founded a decade ago. It was not immediately clear if the prince will meet with his relatives during the trip next month. Prince Harry talks with wheelchair basketball players during the launch of the Invictus Games at the Copper Box Arena in London's Queen Elizabeth Olympic Park in March 2014. Max Mumby/Indigo/Getty ImagesThe Invictus Games were established by Prince Harry after his deployment in Afghanistan. Winter sports will also be played for the first time at the Vancouver Whistler games, including Alpine skiing and snowboarding, Nordic skiing and biathlon, skeleton and wheelchair curling.

Persons: London CNN — Prince Harry, Duke, Sussex, King Charles ’, Harry, ABC’s, “, ”, I’m, Meghan, Duchess of Sussex, Queen Elizabeth II, Paul’s, Prince Archie’s, Buckingham, Charles, Naruhito, Masako, Prince Harry, London's Queen Elizabeth, Max Mumby, ” Harry Organizations: London CNN, Invictus Games, London's Queen Elizabeth Olympic, CNN’s Royal, Invictus, Vancouver Whistler, First Nations Locations: United Kingdom, London’s St, Paul’s, United States, St, London's Queen, Afghanistan, Vancouver, Whistler, Canada

☆ Anglo American rejects BHP's $39 billion takeover bid to form mining juggernaut
▼ + stars: | 2024-04-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Australia-based BHP on Thursday said it had made an all-share takeover offer which valued the smaller company at £31.1 billion ($38.9 billion). "The BHP proposal is opportunistic and fails to value Anglo American's prospects, while significantly diluting the relative value upside participation of Anglo American's shareholders relative to BHP's shareholders," he said. Anglo American Chairman Stuart Chambers said the proposed restructure was "highly unattractive, creating substantial uncertainty and execution risk borne almost entirely by Anglo American, its shareholders and its other stakeholders." Shares of Anglo American Platinum rose more than 2% on the announcement, while Kumba Iron Ore moved 0.9% lower. Chambers said that, in its current state, Anglo American was "well positioned" to benefit from that energy transition.

Persons: BHP's, Stuart Chambers, Chambers, — CNBC's Jenni Reid Organizations: BHP Group, BHP, CNBC, Limited, Iron Ore Limited Locations: Australia, London, American, South Africa

Learn moreWhen making espresso at home, choosing the best espresso machine can be tricky, and serious espresso drinkers have a reputation for being particular. With its built-in grinder and simplified brewing system, the Café Affetto provides an easy shot of espresso packed with flavor. GE Café Affetto Automatic Espresso Machine This small but all-encompassing automatic espresso machine pumps out brew that's twice the quality of similar machines' while taking up half the counter space. Of course, the quickest and easiest option is a pod machine, like the Nespresso CitiZ Original Espresso Machine. Dylan Ettinger/InsiderThe Café Affetto works as advertised — the built-in grinder and straightforward controls make brewing espresso as easy as pushing a button.

Persons: Affetto, Dylan Ettinger, Read Organizations: Business, GE, Breville, Express, Machine Locations: Jura, Sur

☆ Elliott takes $1 billion stake in Anglo American as miner faces takeover interest
▼ + stars: | 2024-04-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC. Anglo American shares were up 5% on the news Thursday. News of the activist's position comes as the $43 billion, London-based miner faces takeover interest from BHP, a mining giant with worldwide operations. Anglo rejected BHP's $39 billion takeover offer Friday morning, saying BHP's offer "significantly undervalues Anglo American and its future prospects." Anglo American declined to comment.

Persons: Elliott, Stuart Chambers, BHP, CNBC's Karen Gilchrist Organizations: Elliott Management, CNBC, BHP, Bloomberg Locations: London, Australia

☆ BHP Anglo American bid: The clean energy race could trigger the biggest mining deal in decades
▼ + stars: | 2024-04-25 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record. BHP said in a statement Thursday that it valued Anglo American shares at £25.08 ($31.40) apiece, or £31.1 billion ($38.9 billion) in total. The potential deal would have a higher value than the $38.3 billion acquisition of Switzerland’s Xstrata by commodities company Glencore in 2012, according to Dealogic data. It would also be the biggest merger or acquisition in the mining industry by value since Dealogic began collecting the data in 2004. Shares in Anglo American soared as much as 13.8% on the news.

Persons: BHP, Dealogic, “, Mike Henry, ” Susannah Streeter, Hargreaves Lansdown, Rob North Organizations: London CNN — Mining, BHP, London Metals, Oz Minerals, United Kingdom’s, London Stock Exchange, City of, Hargreaves Locations: Australia, City, City of London

☆ Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American
▼ + stars: | 2024-04-25 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

BHP Group, the world’s largest mining company, has proposed a takeover of its rival Anglo American, in a deal that has the potential to shake up the industry at a time when demand for copper is soaring. BHP said on Thursday that it had approached Anglo with a bid valued at 31.1 billion pounds, or $39 billion, in what would be one of the most significant deals in the industry in years. If successful, the acquisition would create the world’s largest miner of copper at a time of growing global hunger for the metal, which is essential to the green-energy transition. Anglo confirmed that it had received an “unsolicited, nonbinding and highly conditional combination proposal from BHP” and that its board was reviewing the offer with its advisers. In the United States, President Biden’s signature climate and energy law, the Inflation Reduction Act, contains hundreds of billions of dollars in tax credits to help companies switch to low-carbon energy sources.

Organizations: BHP Group, BHP, BHP ” Locations: United States

☆ Copper is 'crown jewel' for BHP's bid for Anglo American, says investor
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCopper is 'crown jewel' for BHP Group's bid for Anglo American, says portfolio managerTodd Warren, portfolio manager at Tribeca Investment Partners, says copper is the "crown jewel" and the main priority that BHP Group is fighting for with its takeover offer for rival Anglo American.

Persons: Todd Warren Organizations: BHP Group's, Tribeca Investment Partners, BHP Group

☆ Anglo American shares pop 12% after BHP Group's $39 billion takeover bid to form mining juggernaut
▼ + stars: | 2024-04-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American , valuing the smaller company at £31.1 billion ($38.9 billion). Anglo American shares leapt at the market open and were 12% higher at 9 a.m. in London. Australia-based BHP, the biggest listed miner according to Companies Market Cap, said that the deal would deliver 0.7097 BHP shares per Anglo American share to Anglo American's ordinary shareholders. Anglo American has a huge copper operation based in South America and a production target for the metal of 730,000 to 790,000 tons in 2024. This compares with a copper output aim between 1.7 million and 1.9 million for BHP over the same period.

Organizations: Mining, BHP Group, BHP Locations: London, Australia, American, South America

☆ Buy these gold and copper stocks to ride AI, China demand and more, say fund managers
▼ + stars: | 2024-04-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Gold and copper have been on fire, as geopolitical tensions mount, central banks buy up gold, and AI demand for copper grows. Copper, too, has done well, with copper futures hitting their highest level since 2022 last weekend. Stock picks He named Australian gold miner Northern Star and copper miner Southern Copper as stocks he's bullish on right now. He said against that backdrop, he's getting back into some gold mining stocks such as Gold Fields and K92 Mining. It said that copper demand will already "significantly exceed" supply starting this year — and that's not even accounting for demand growth from data centers.

Persons: Kingsley Jones, Jevons, CNBC's, Jones, Kamil Dimmich, Dimmich, he's, that's, Jefferies, Teck, Ian Roper, Michael Bloom Organizations: Wall Street, U.S . Federal Reserve, Stock, Northern Star, South, K92 Mining, Jefferies, JPMorgan, Teck Resources, North, Astris Advisory Japan KK, CNBC Locations: USA, Europe, South Capital, East, China, Freeport, McMoRan, Lundin, Teck, North America

☆ ‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets
▼ + stars: | 2024-04-24 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The chief executive of the world's largest wealth fund says there are many wild cards in financial markets right now, but the "big worry" for investors is what a commodities rally could mean for the inflation outlook. Oil and copper prices have climbed around 13%, respectively, year-to-date, while gold has repeatedly notched fresh record highs in recent months. Asked whether he had any concerns about hot commodity markets, NBIM's Tangen replied, "Yes, the big worry is just what that could mean for inflation right?" He added, "So, if energy and raw material prices continue to move up, that is going to feed through to end-product prices, which are going to be higher. And that could be the real wildcard when it comes to inflation expectation."

Persons: Nicolai Tangen, CNBC's, NBIM's Tangen Organizations: Norges Bank Investment Management

☆ Beware of a dead-cat bounce and prepare for a severe market correction by making these 6 investments now, a veteran chartmaster warns
▼ + stars: | 2024-04-24 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

The S&P 500 is in its most perilous position since late last summer, cautioned David Keller, the chief market strategist at StockCharts.com. After an uptick in volatility in March 2023, the S&P 500 enjoyed a virtually uninterrupted rally before peaking on the final day of July. Related storiesIn the meantime, investors should keep a close eye on two key technical support levels for the S&P 500, Keller said: 5,050 and 4,820. Utilities are one of only two parts of the market that's up in the last month, due to its risk-off nature. The VanEck Gold Miners ETF (GDX) is another compelling way to ride that rally, Keller said.

Persons: —, David Keller, I'm, Keller, Stocks, StockCharts.com, they're, Keller isn't, that's Organizations: Service, Business, Utilities, StockCharts.com, VanEck Oil Services, P Oil & Gas Exploration, Production, Miners Locations: East, Israel, Freeport

☆ I've never been more enthusiastic on the outlook for copper, says Freeport-McMoRan CEO
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI've never been more enthusiastic on the outlook for copper, says Freeport-McMoRan CEORichard Adkerson, Freeport-McMoRan CEO, joins 'Closing Bell Overtime' to talk the global commodity supply chain, metal commodity demand, markets in China and more.

Persons: Richard Adkerson Organizations: McMoRan Locations: Freeport, China

☆ Analysts love this gold explorer's stock — and even the most cautious expect it to soar 114%
▼ + stars: | 2024-04-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Winmill expects shares to rise 114% to 4.50 Canadian dollars ($3.27) from current levels. Arizona Metals's stock has a consensus price target of 6 Canadian dollars, representing a potential upside of 185%, according to FactSet data. BMO Capital Markets analyst Rene Cartier has a price target of 6.50 Canadian dollars on the stock, giving it upside potential of 209%. Beacon Securities analyst Bereket Berhe, meanwhile, has set a price target of 10.50 Canadian dollars, suggesting a potential upside of 400%. This makes Scotiabank's price target the most conservative among analysts polled by FactSet.

Persons: Kay, bode, Eric Winmill, Winmill, Rene Cartier, Bereket Berhe Organizations: Arizona Metals Corp, Scotiabank —, Scotiabank, AMC, Arizona Metals's, BMO Capital, Beacon Securities, FactSet Locations: Canadian, Phoenix , Arizona, United States, Arizona

☆ Bank of America strategist on why gold prices could climb to $3,000 per ounce
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America strategist on why gold prices could climb to $3,000 per ounceMichael Widmer, head of commodities research at Bank of America, discusses the outlook for gold prices and the mismatch between copper supply and demand.

Persons: Michael Widmer Organizations: Email Bank of America, Bank of America

☆ Buy this little-known pharma stock with more than 80% upside ahead, RBC says
▼ + stars: | 2024-04-22 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Ultragenyx Pharmaceutical has several growth opportunities ahead that could lead its share price to boom over the next year, according to RBC Capital Markets. Analyst Luca Issi initiated research coverage of the pharmaceutical company, which develops treatments for rare and ultra-rare diseases, with an outperform rating and $77 price target. Ultragenyx is forecasting between $500 million and $530 million in revenue for 2024, driven by rare bone disease drug Crysvita, long-chain fatty acid oxidation disorder drug Dojolvi, as well as therapies Mepsevii and Evkeeza. The analyst is also looking ahead to Ultragenyx's treatments for Angelman syndrome, Glycogen storage disease type 1, or GSD1a, plus Wilson's disease as potential opportunities to drive up the stock. Wilson's disease is a rare genetic disorder that prevents the body from eliminating copper, which then leads it to accumulate in the liver, brain and other organs.

Persons: Luca Issi, Issi, Issi's, Issa, GSD1a Organizations: Ultragenyx Pharmaceutical, RBC Capital Markets, U.S . Food, Drug Administration

☆ These 5 stocks will power the AI revolution as data centers spread and electricity demand doubles, says Bank of America
▼ + stars: | 2024-04-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The rise in power demand for data centers — which are booming from the need to support a new world of AI technologies — is also fueling demand for the providers of data center parts. "Expected power usage for U.S. data centers under construction is equivalent to more than 50% of the power currently used by U.S. data centers. Several years out, even after these data centers are constructed, some expect data center power consumption to double again," analyst Thomas Thornton wrote in a Wednesday note. Management is raising its own capital expenditures for the first time in a decade to meet the power demand for data centers, BofA added. To be sure, analysts mentioned that data center demand will likely exceed supply.

Persons: Thomas Thornton, Thornton, BofA, David Barden, Barden, Equinix, Eaton Organizations: Bank of America, Caterpillar, Management, Realty Trust, Digital Realty, Software, Aspen Tech, Constellation Energy, Dominion Energy

☆ 'Big change' in global growth is bullish for commodities including copper, says VanEck CEO
▼ + stars: | 2024-04-20 | by ( Meredith Mutter | ) www.cnbc.com time to read: +1 min

Investors should consider commodities due to a "big change" involving international expansion, according to VanEck CEO Jan van Eck. "The world economy started growing again," van Eck told CNBC's "ETF Edge" this week. Manufacturing PMI is now positive in China as of March," said van Eck. Its exchange-traded funds include the VanEck Gold Miners ETF (GDX) and VanEck Oil Refiners ETF (CRAK) . Van Eck highlights copper 's momentum as a positive sign for demand.

Persons: Jan van Eck, van Eck, CNBC's, Van Eck Organizations: PMI, Gold Miners Locations: China

☆ We're entering the second secular bull market for copper, says Citi's Max Layton
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're entering the second secular bull market for copper, says Citi's Max LaytonMax Layton, Citi global head of commodities research, joins 'Squawk Box' to discuss the latest oil and commodities price trends, impact of Middle East conflict, and more.

Persons: Citi's Max Layton Max Layton Organizations: Citi

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