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☆ As the Year of the Dragon begins, the pros name sectors — and stocks — to play the Chinese market
▼ + stars: | 2024-02-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +6 min

Chinese stocks had an eventful week last week — with the benchmark Shanghai Composite Index hitting a five-year low of about 2,650 points on Feb. 5, before edging up to end the week at 2,865.90. A slide in Hong Kong-listed Chinese shares on Feb. 9, however, proved that investors may still have lingering concerns on the prospects of Chinese stocks in the new year. As the festive season gets underway, Redmond Wong, market strategist at investment firm Saxo, sees several opportunities to play the market. Boom in green transformation Beyond the traditional sectors, Saxo's Wong is watching an up-and-coming area in China: energy security and a green transformation. Data from the International Energy Agency shows that the Asian giant's clean-energy sectors contributed 11.4 trillion Chinese yuan ($1.6 trillion) to the Chinese economy in 2023, up 30% year-on-year.

Persons: Redmond Wong, Saxo, I'm, Wong, Saxo's Wong, Morningstar, Zijin Organizations: CNBC Pro, Monetary Fund, Technology, Shenzhen, Baidu, Sands, Tsingtao, Morningstar, Tsingtao Brewery, International Energy Agency, Companies, Zijin Mining Locations: Shanghai, Hong Kong, China, Zhejiang, Sands China, Macao, Shandong

☆ Slowing China still leads the race for commodities
▼ + stars: | 2023-11-28 | by ( Yawen Chen | ) www.reuters.com time to read: +7 min

"When it comes to copper, the thinking usually goes that copper equals property, property equals China," said one commodities trader. "And because China property is down, copper must be down too." That’s why China's copper demand will still rise by 4 million tonnes from the 2020 level to around 18 million tonnes per year in 2030, according to estimates by commodity trading group Trafigura. And China's copper demand has grown by 8% this year, faster than the 5% Xi is targeting for overall GDP growth. China's annual aluminium demand rose by 18 million tonnes from 2010 to 2020 and is forecast to grow by another 13 million tonnes to over 50 million tonnes a year in 2030, per Trafigura.

Persons: Xi Jinping, Communist Party’s, Wood Mackenzie, Francesco Guerrera, Katrina Hamlin, Thomas Shum Organizations: Reuters, HK, Communist, Shanghai Futures Exchange, London Metal Exchange, ING, International Monetary Fund, IMF, World Bank, Reuters Graphics Reuters, Oxford, HSBC, Democratic, Thomson Locations: SINGAPORE, China, Washington, Moscow, Taiwan, Shanghai, Republic, United States, Australia, Beijing, Chile, Indonesia, Democratic Republic of Congo

☆ Time to invest in China? The pros weigh in on what sectors and stocks to play right now
▼ + stars: | 2023-11-15 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

Chinese stocks too have done poorly. 'High confidence in the tradable value' While the Chinese economy "is not very strong," Wong has "high confidence in the tradable value," of Chinese stocks. Stocks to play Goldman is overweight on several sectors including online retail, media/entertainment, tech hardware, health care equipment and services and food & beverage. Other stocks the investment bank sees outperforming "as the China growth story evolves" include internet services provider NetEase , technology hardware manufacturer Xiaomi , and manufacturing conglomerate BYD . China-focused ETFs Elsewhere, Saxo's Wong has his eye on the new infrastructure (such as 5G technology), industrial technology and agricultural technology themes.

Persons: Redmond Wong, Wong, Goldman Sachs, Stocks, Goldman, Saxo's Wong, — CNBC's Michael Bloom, Clement Tan Organizations: Shenzhen Component, Saxo, CNBC, National Bureau of Statistics, Tech, Baidu, Galaxy Entertainment, Mining, China Resources Beer, Miniso, Hong Kong Exchange, CSI Agriculture, CSI 5G Communications, CSI Technology, Enterprises Locations: Shenzhen, China, Taiwan, India, South Korea, Brazil, Mexico

☆ 'Golden opportunity': Morgan Stanley says it's a good time to buy gold stocks — and names its top global picks
▼ + stars: | 2023-11-09 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Now is a good time to buy gold stocks, according to Morgan Stanley. Notably, gold stocks underperformed gold prices by about 20% in the last three months, the investment bank's analysts, led by Sandeep Peety, wrote in a Nov. 2 note. Morgan Stanley named several stocks to play the "golden opportunity." 'Preferred play' Morgan Stanley named Endeavour Mining , a London-headquartered multinational mining company, as its "preferred play." Other overweight-rated stocks Other gold mining companies that the investment bank gave an overweight rating include Australia's Evolution Mining and Regis Resources and China's Zijin Mining Group .

Persons: Morgan Stanley, Sandeep Peety, — CNBC's Michael Bloom Organizations: Endeavour Mining, Regis Resources, Zijin Mining, Mining, Compania De Locations: Israel, London, EDV, Ivory, Massawa, Senegal, Compania De Minas Buenaventura

[1/3] Chinese President Xi Jinping speaks with Colombian President Gustavo Petro during a meeting at the Great Hall of the People in Beijing, China, October 25, 2023. The upgrade of relations with Colombia means China now has strategic ties with 10 out of the 11 South American countries with which it has relations. Paraguay is the last South American nation that has ties with Taiwan, which China claims as part of its territory. In 2022, shipments from Colombia to China totalled $7 billion, up almost 20% from five years earlier. Among the 11 South American countries that have diplomatic ties with Beijing, Colombia has the largest trade deficit with China despite increased Chinese imports.

Persons: Xi Jinping, Gustavo Petro, Ken Ishii, Xi, Petro, Ivan Duque, Liz Lee, Ryan Woo, Ellen Zhang, Bernadette Baum, Robert Birsel, Nick Macfie Organizations: of, People, REUTERS Acquire, Initiative, South American, Tuesday, China Harbour Engineering Company, Bogota Metro, Xian Metro Company, Bombardier Inc, Columbia, China Civil Engineering Construction Corporation, Zijin Mining, Canada's Continental, Thomson Locations: Beijing, China, Colombia, Latin America Colombia, Xi's, Initiative BEIJING, U.S, America, Guyana, South America, Central America, Caribbean, United States, Taiwan, Paraguay, American, Latin America, Bogota, Argentina, Venezuela, Bolivia, Suriname

The report highlights the numerous human rights violations that have occurred as a result of mining activity. The mine is operated by Compagnie Minière de Musonoie Global SAS, or COMMUS, a joint venture between Chinese company Zijin Mining and the state-owned Gecamines mining company. Often there was no grievance mechanism, accountability, or access to justice.”Amnesty International says companies are not doing enough to address human rights concerns and are disregarding international human rights laws and standards, as well as national legislation and U.N. Guiding Principles on Business and Human Rights. Decarbonizing the global economy must not lead to further human rights violations,” it said.

Persons: “ Ernest Miji, Chemaf, COMMUS, Donat Kambola Organizations: Amnesty International, U.S . House, Good, Human, Resources, Residents, Coalition, Rights, Amnesty, Compagnie Minière de, Global SAS, Mining, AP Locations: ABUJA, Nigeria, Congo, U.S, Kolwezi, Lualaba Province, Lualaba, Dubai, Cité

☆ Sibanye brings in Chinese partner for Mopani Copper Mines bid
▼ + stars: | 2023-08-29 | by ( Felix Njini | ) www.reuters.com time to read: +3 min

The Johannesburg-based precious metals producer is on the shortlist of potential buyers for the copper mines owned by a unit of the Zambian government. The Chinese company has a presence in copper mining and would be joining Sibanye as an investment partner, Froneman said. The Chinese investor could help derisk the investment at Mopani, Froneman said. "They are an investment partner but technically they understand the copper business and smelting, so it's managing risk," he said. The Mopani assets require significant investment but spending would be spread over a number of years, Froneman said.

Persons: Neal Froneman, we've, Froneman, Felix Njini, Tannur Anders, Sharon Singleton, David Holmes Organizations: Mines, Reuters, China's Zijin Mining, U.S, Rothschild & Co, Thomson Locations: NAIROBI, Stillwater, Johannesburg, Zambian, Southern Africa, Europe, U.S, Mopani, Switzerland, ZCCM

☆ BofA names 4 stocks to tap the world's largest EV market — and says one has 71% upside
▼ + stars: | 2023-06-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

China's electric vehicles are "much more competitive than before" — and it's likely to remain the world's largest EV market in 2025, according to BofA. BofA shares some tips on how investors can position themselves in the country's EV market. For Li Auto, it gave the U.S.-listed shares a price target of $37, or 27% possible upside. As for the EV market, BofA is bullish on its battery supply chain in particular. BofA's top pick in copper is Chinese miner Zijin Mining , which it gave a price target of 18 Hong Kong dollars, or 71% upside.

Persons: BofA, Li, — CNBC's Michael Bloom Organizations: U.S, Green, Stock, Buffett, Li Auto, Li, EV, China EV, China's, Hong Locations: China, Hong Kong

The flurry of deals comes even as warnings emerge that lithium prices, driven to records by rapid growth in electric vehicles, may peak next year because of a looming supply glut. It also bought majority stakes in the Lakkor Tso Lithium Salar mine in China's Tibet region and the Xiangyuan lithium mine in Hunan province. Zijin has a market capitalisation of about $35 billion and net profit of 15.7 billion yuan ($2.2 billion) last year. Some firms are also working to develop alternative battery materials, which could reduce lithium demand in the long term. Zijin told investors recently it made its mine acquisitions based on lithium carbonate prices of 100,000 yuan a tonne.

☆ Energy crisis highlights need to broaden renewables' supply chain
▼ + stars: | 2022-12-01 | by ( Laila Kearney | ) www.reuters.com time to read: +4 min

[1/2] Enel CEO Francesco Starace speaks during the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022. REUTERS/Brendan McDermidNEW YORK, Dec 1 (Reuters) - The global energy crisis sparked by war in Ukraine has underscored how parts of the renewables supply chain might face similar struggles if not quickly diversified, energy executives told the Reuters NEXT conference this week. "Out of this crisis, you learn that there are many other things that might follow this same pattern," said Francesco Starace, CEO of Italy's Enel (ENEI.MI), speaking at the conference on Thursday in New York. Starace noted how solar panels are produced overwhelmingly in China, saying that, and the manufacture of other energy components critical to transitioning from fossil fuels, are potential problem areas. South Africa, the most industrialized country in Africa, will need to add more than 50,000 megawatts (MW) of new power generation capacity to help meet demand and stabilize its grid, Brian Dames, chief executive officer of African Rainbow Energy & Power, said at a Reuters NEXT panel on Wednesday.

☆ Chinese copper companies say more mining is needed to boost supply
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

Chile's Codelco, the world's largest copper miner, said this week it would extend maintenance work at its Chuquicamata smelter to 135 days, from an initially planned 90-day stoppage. China is the world's top user of copper and relies on imports for about 25% of its consumption. Mining companies should mine deeper and broader and work on extending the life of their mines, while smelting companies should speed up overseas resource development and optimize their layout over the industry chain, the Chinese companies are reported to have said at the meeting. Last week, Canada ordered three Chinese companies to give up their investments in Canadian minerals, citing national security. read moreChina produced 10.49 million tonnes of refined copper last year and imported 23.40 million tonnes of copper ore and concentrate.

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