Cheniere Energy, Nvidia, Steel Dynamics And More On CNBC’s ‘Final Trades’
CNBC traders picked Cheniere Energy, Nvidia, Antofagasta and Steel Dynamics as final trades; all four stocks closed higher Monday.
Stocks · News reference
Copper hits record highs in New York as tariff fears trigger shipment scrambles. Read how supply shocks and US demand are driving the surge.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
CNBC traders picked Cheniere Energy, Nvidia, Antofagasta and Steel Dynamics as final trades; all four stocks closed higher Monday.
Copper is becoming the new center of gravity for mining as AI, grid upgrades and electrification drive demand. BofA picks four miners.
Vale surged 2.83% to $14.15 on Oct. 5, 2026, following Brazil's presidential election where conservative candidate Flávio Bolsonaro took a surprise lead in the first round. Investors believe his potential victory could create a favorable fiscal and regulatory environment for miners like Vale. The stock jumped on elevated trading volume of 98.9M shares, with investors also awaiting Vale's late-October earnings report.
The global nickel market is estimated at $43-54 billion in 2026 with a projected CAGR of 1-3% through 2031. Rapid Indonesian laterite processing expansion has created structural oversupply and price pressure. Battery demand grows faster than stainless steel (65-70% of consumption), but faces competition from LFP batteries. Success hinges on vertical integration, low-cost processing, low-carbon production, and long-term offtake agreements.
Rio Tinto is reinventing its century-old mining model, expanding commodity trading and derivatives use under CEO Simon Trott’s transformation strategy.