February 24, 2026 02:03 AM GMT 中国思考 | Asia Pacific 马年，通胀能否快马加鞭？ 阶段一：过剩行业投资放缓⸺有所进展，但背后的结构更加重要 阶段二：削减存量过剩产能⸺力度有限，且偏向上游 • 煤炭及部分金属行业已出现限产举措。尽管这类措施可在短期内推升上游 价格，但其更多的是控产量而非退产能。 ( 下页继续 ) This translated report is made available for convenience only and is based on the original research report published in English. In the event of any discrepancy between the translation and the original research report, the content in the original research report will prevail. The original research report can be found here: China M ...

February 19, 2026 05:00 PM GMT Commodity Matters | Europe Copper: What to Watch Post CNY With China out for CNY this week, the copper market is eagerly awaiting data on any post-CNY activity and demand. Price may be the first signal, but inventories may prove the most timely fundamental indicator, both for any sign of recovery or as an early warning signal of a potential pullback. Key Takeaways China's copper inventories may be an early indicator of any post-CNY demand recovery: China's copper demand has be ...

February 22, 2026 08:01 PM GMT Investor Presentation | Asia Pacific M Foundation Can the Year of the Horse Pull Prices Out of the Doldrums? Related reports: Can the Year of the Horse Pull Prices Out of the Doldrums? (13 February 2026) Morgan Stanley Asia Limited Robin Xing Chief China Economist Robin.Xing@morganstanley.com Zhipeng Cai Economist Zhipeng.Cai@morganstanley.com China's reflation journey in three dimensions Stage 1: Slower investment in oversupplied sectors Modest progress, but composition matte ...

Amnish Aggarwal from Prabhudas Lilladher, noted the volatility in trade relations with the US. “The situation of your trade parameters with the US remains very volatile. Now, we have got some interim arrangement, but as we have seen over the last one year, nothing can be said with certainty because this is not only the India problem, this is a bit of a geopolitical problem as far as your tariffs are concerned. At this point, I would be very cautious on how the deal with the US will pan out. Something like, ...

Copper prices rallied to a record high of over $13,000 per ton last month, but retreated to about $12,700 this week as expectations of long-term demand strength collided with massive stockpiling at the key exchange hubs in the U.S. and China. Despite an unchanged outlook of soaring copper demand in the long term due to electrification and surging power consumption, near-term prospects in the copper market appear more fragile than the gold rally. “While we expect long-term gold prices to rise further, w ...

Core Insights - Commerce is experiencing fragmentation, leading to increased volatility in prices for essential economic components [1] Industry Summary - The basic building blocks of the economy are witnessing more price fluctuations, indicating a shift in market dynamics [1]

Core Insights - IDRCL has successfully redeemed security receipts (SRs) for two companies, Metenere and Helios Photo Voltaic, marking its first resolutions since operations began in 2022 [9] - The total recovery amount distributed among banks from these cases is approximately Rs 330 crore [9] Group 1: Metenere Case - IDRCL acquired Rs 4,879 crore of total debt in Metenere for Rs 257 crore, resulting in a 95% haircut [5] - A final resolution plan of Rs 295 crore was achieved through competitive bidding, leading to a recovery of Rs 251 crore distributed to banks [2][9] - Major beneficiaries of the recovery include State Bank of India (38%), Bank of Baroda (16%), and Punjab National Bank (11%) [9] Group 2: Helios Case - NARCL acquired Rs 2,058 crore of debt for just Rs 62 crore, resulting in a 97% haircut [6][10] - The recovery amount for Helios was Rs 92 crore, which is 4.5% of the total debt [6][10] - Major beneficiaries in this case include Punjab National Bank (75% of the debt) and State Bank of India (20%) [10] Group 3: Operational Context - NARCL and IDRCL were established to address complex recovery cases that traditional banks struggled to resolve [7][10] - Legal complexities, such as lifting a Supreme Court stay and initiating a new insolvency process, were significant challenges in the Helios case [7][10]

Vale agreed to sell most of its stake in a Canadian nickel venture to Exiro, Orion and CGF as part of a strategic review of its base metals business. https://t.co/T2byLQjLkM ...

Group 1 - The article does not provide any specific financial data or insights related to companies or industries [1][2][3][4]

Core Insights - Entergy provided an update on the financial performance and outlook for its regulated electric utilities in the New Orleans area, greater Louisiana, Mississippi, Arkansas, and east Texas, with the largest subsidiary being in greater Louisiana [1] Financial Performance - Estimated capital spending through 2029 is projected to be $43 billion, an increase from $41 billion in the previous quarter [5] - Weather-adjusted retail sales rose by 1.5% in Q4 2025 and 3.9% for the full year, driven by a 6.7% increase in industrial sales [5] - Residential and commercial sales increased modestly by 2.1% and 1.2%, respectively [5] Sales Growth Projections - Expected weather-adjusted retail sales growth in 2026 is 5%, primarily due to a 10% growth in industrial sales [3] - Annualized industrial sales growth is expected to reach 15% through 2029 [4] Demand Drivers - Data centers and large industrials are anticipated to drive the bulk of new demand, with a large-load pipeline of 10 GW to 17 GW [2][6] - Data centers account for 7-12 GW of the large-load pipeline, with other large industrials comprising 3-5 GW [8] Customer Rate Expectations - Entergy expects residential customer rates to increase by 4% annually through 2029, aligning with national trends observed since 2022 [7] Future Projects - Upcoming customers include traditional heavy industrial sites and significant projects like the $6 billion hydrogen and steel plant by Hyundai near Baton Rouge, Louisiana [9] - Enthusiasm is particularly noted for data center opportunities, including a 2-GW Meta campus planned for northeastern Louisiana [9]