Understanding the Market | Non-ferrous Stocks Strengthened, Powell's Dovish Speech Reinforces Rate Cut Expectations, Metals Expected to Welcome a New Cycle of Prosperity
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Non-ferrous stocks strengthened today, with Ganfeng Lithium up 8.12%, Jiangxi Copper up 4.88%, and ZHAOJIN MINING up 4.23%. Federal Reserve Chairman Powell's dovish speech has reinforced market expectations of a rate cut, with metals poised for a new round of economic cycle. Institutions predict that US June CPI will fall to 3.1%, supporting the rise in precious metal prices. Zhongtai Securities believes that the global manufacturing recovery cycle will continue, and basic metals will enter an economic cycle. Copper and aluminum are favored investment targets
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