Shares of copper companies are trading lower possibly after China's September exports data missed estimates. Betting markets project Donald Trump's victory in the U.S. presidential election, which may result in a decline in demand for commodities related to renewable energy.
Portfolio Pulse from Benzinga Newsdesk
Copper company shares are declining due to China's September export data missing estimates and potential reduced demand for renewable energy commodities if Donald Trump wins the U.S. presidential election.
October 15, 2024 | 4:42 pm
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NEGATIVE IMPACT
BHP shares are affected by lower copper prices due to weak Chinese export data and potential reduced demand for renewable energy commodities.
BHP, as a major copper producer, is impacted by lower copper prices resulting from weak Chinese export data and potential policy shifts under a Trump presidency that could reduce demand for renewable energy commodities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
FCX shares decline due to weak Chinese export data and potential reduced demand for renewable energy commodities if Trump wins.
FCX, a significant copper producer, is affected by lower copper prices due to disappointing Chinese export data and potential policy changes under Trump that may reduce renewable energy demand.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RIO shares are pressured by lower copper prices due to weak Chinese export data and potential reduced demand for renewable energy commodities.
RIO, as a major player in the copper market, faces pressure from lower copper prices due to weak Chinese export data and potential policy shifts under Trump that could reduce demand for renewable energy commodities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SCCO shares decline due to weak Chinese export data and potential reduced demand for renewable energy commodities if Trump wins.
SCCO, a key copper producer, is affected by lower copper prices due to disappointing Chinese export data and potential policy changes under Trump that may reduce renewable energy demand.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TECK shares are impacted by lower copper prices due to weak Chinese export data and potential reduced demand for renewable energy commodities.
TECK, involved in copper production, is impacted by lower copper prices resulting from weak Chinese export data and potential policy shifts under a Trump presidency that could reduce demand for renewable energy commodities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80