Shares of metals, mining and materials stocks are trading higher after China's central bank cut its seven-day reverse repurchase rate, which could stimulate economic growth and support demand.
Portfolio Pulse from Benzinga Newsdesk
Metals, mining, and materials stocks are trading higher after China's central bank cut its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
June 13, 2023 | 2:21 pm
News sentiment analysis
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POSITIVE IMPACT
Alcoa Corporation (AA) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, Alcoa Corporation (AA) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
BHP Group (BHP) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, BHP Group (BHP) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Century Aluminum Company (CENX) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, Century Aluminum Company (CENX) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Freeport-McMoRan Inc. (FCX) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, Freeport-McMoRan Inc. (FCX) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nucor Corporation (NUE) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, Nucor Corporation (NUE) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Rio Tinto Group (RIO) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, Rio Tinto Group (RIO) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Reliance Steel & Aluminum Co. (RS) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, Reliance Steel & Aluminum Co. (RS) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Southern Copper Corporation (SCCO) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, Southern Copper Corporation (SCCO) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Steel Dynamics, Inc. (STLD) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, Steel Dynamics, Inc. (STLD) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Teck Resources Limited (TECK) shares may benefit from China's central bank cutting its seven-day reverse repurchase rate, potentially stimulating economic growth and supporting demand.
The rate cut by China's central bank could stimulate economic growth and support demand for metals, mining, and materials stocks. As a major player in the industry, Teck Resources Limited (TECK) is likely to benefit from this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50