SPROTT RESOURCE HOLDINGS INC T.SRHI

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SPROTT RESOURCE HOLDINGS INC > Copper demand looking strong

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Comment by sculpin2on Apr 01, 2019 11:59am

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Post# 29564074

RE:Copper demand looking strong

Canaccord...

Base metals rallying in London today – expect this to continue in North America

China’s economic situation appears to be improving
- Caixin March PMI at 50.8, vs. consensus at 50.0
- Official March PMI at 50.5 vs. survey at 49.6
Both data points represent significant inflection points versus the steady decline over 2018 (see charts below)
The improvement vs. Jan/Feb is likely driven by
- The post Chinese New Year return
- Impact of the 2 trillion CNY Chinese stimulus package announced Feb 26^th
- Easing of US-China trade tensions in March following the relaxation of the March 1 deadline for tariff increases
High-beta base metals names should do well today
- ERO, FM, HBM and CS
For investors that want base metals exposure with a more defensive stance
- LUN, TECK
We also highlight precious metals producers with significant copper exposure
- CG, NGD