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Top related persons:
Jefferies - 1 Morgan Stanley - 1 It's - 1 LIMA - 1 El - 1 Peru's - 1 Alex Contreras - 1 Marco Aquino - 1
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CNBC Pro - 1 Copper Miners - 1 Solaris Resources - 1 Filo Mining - 1 Miners - 1 Metals Mining - 1 Peruvian Fiscal - 1 El - 1

Search resuls for: "Metals Mining"


2 mentions found


☆ Wall Street is bullish on copper, thanks to AI. Analysts love these stocks, giving one 234% upside
  + stars: | 2024-04-15 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +2 min
Copper is used in data centers for power cables, electrical connectors, power strips and more, Jefferies noted in an April 10 note. It estimates that global copper demand by data centers will increase from 239 kt (thousand tons) in 2023 to at least 450 kt per annum in 2030. "Hopes for GenAI / data centre copper demand growth are adding to investor bullishness on copper, against a backdrop of constrained supply," it wrote. For those looking to buy into the sector, CNBC Pro screened for stocks in the Global X Copper Miners ETF. In addition to the Global X Copper Miners ETF, those who want to invest in this sector via exchange-traded funds can consider the Sprott Copper Miners ETF and the iShares Copper and Metals Mining ETF.
Persons: Jefferies, Morgan Stanley, It's Organizations: CNBC Pro, Copper Miners, Solaris Resources, Filo Mining, Miners, Metals Mining
☆ Peru slashes growth outlook amid falling copper investment
  + stars: | 2023-08-29 | by ( Marco Aquino | ) www.reuters.com   time to read: +3 min
LIMA, Aug 29 (Reuters) - Peru lowered its economic growth forecasts for 2023 and 2024 on Tuesday amid poor weather, lower private investment in mining, and anti-government protests earlier this year. The South American country's economy is expected to grow 1.1% this year, the economy ministry said in Peru's official gazette. Next year, Peru's economy is expected to grow 3.0%, the ministry added, down from a previous estimate of 3.4%. That makes El Nino the largest immediate threat to Peru's economy, the government said. Meanwhile, Peru's estimated current account deficit was lowered to 1.6% of GDP, down from the 2.1% of GDP previously expected.
Persons: LIMA, El, Peru's, Alex Contreras, Marco Aquino, Kylie Madry, Isabel Woodford, David Holmes, Alistair Bell, Bill Berkrot Organizations: Peruvian Fiscal, El, El Nino, Finance, year's, U.S, Thomson Locations: Peru
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