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LME copper prices hit 7-year high

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On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper prices plunged 27% to a low of US$4,617/t in late March as the global impact of COVID-19 became apparent, but copper stabilized and then began to rise, completing a full recovery to its January starting point by the end of July.

Price 541
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Tesla (TSLA) gets $475 price target and “Buy” rating from Benchmark

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Tesla shares ( NASDAQ:TSLA ) have received a “Buy” rating and a $475 per share price target from Benchmark. Benchmark’s price target is based on 68.2 pre-mkt as Benchmark initiates TSLA with a Buy rating and $475 price target. TSLA +1.8% Don’t hesitate to contact us with news tips.

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Elon Musk’s stock market advice: ‘Do you love the products?’

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. “I think that it’s going to sound very very straightforward, but you want to really buy stock in companies where you think the product of that company will be better in the future…Or do you love the products that that company makes and are they going to keep doing that?” ” Musk replied.

Market 102
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Canaccord reaffirms Tesla’s price target of $404 after Giga Texas visit

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Canaccord Genuity reaffirmed its price target of $404 for Tesla after a visit to Gigafactory Texas. Canaccord analysts reiterated its “Buy” rating for TSLA stock and revised Tesla’s Q1 2025 delivery estimates from ~331,000 vehicles to ~362,000 units. .

Texas 103
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Tesla (TSLA) receives price target bump to $500 from Piper Sandler

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Piper Sandler’s updates: In its note, Piper Sandler noted that Tesla remains its “#1 buy-and-hold idea.” ” Piper Sandler also adjusted its price target for TSLA stock from $315 to $500 per share. The firm expects products like FSD to gain more prominence in Tesla’s overall business.

Price 104
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CRU: Lithium prices plunging as hype meets reality; impact of new supply, disappointing BEV sales

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CRU analysts observe that lithium prices have steadily declined since the end of Q1, finally crashing through the $10/kg LCE mark at the end of July. While many are forecasting long-run prices for lithium in the mid-teens LCE, citing refinery bottlenecks and the potential for ramp-up delays in the mining and refining sector, CRU disagrees.

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CRU: lithium price downtrend continues, with disappointing EV sales in China the driver

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In August 2019, CRU reported on the steady slide in prices that has occurred in the lithium market since the beginning of the year. Since then, prices have continued to fall, CRU notes. Lithium hydroxide has fallen by 30% to RMB 74,500/t, according to CRU’s price assessments. The rest of the lithium market is fragmented.

Price 243