{"id":66522,"date":"2026-08-14T07:38:14","date_gmt":"2026-08-14T11:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/boeing-recovery-gains-momentum-as-copper-supply-crunch-deepens\/66522\/"},"modified":"2026-08-14T07:38:14","modified_gmt":"2026-08-14T11:38:14","slug":"boeing-recovery-gains-momentum-as-copper-supply-crunch-deepens","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/boeing-recovery-gains-momentum-as-copper-supply-crunch-deepens\/66522\/","title":{"rendered":"Boeing Recovery Gains Momentum as Copper Supply Crunch Deepens"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>) shares surged 7-8%<\/strong> following the long-awaited <strong>FAA certification of the 737 Max 7<\/strong>, marking a major milestone in the company\u2019s recovery.<\/li>\n<li><strong>Copper prices hit record highs above $14,800 per ton<\/strong> as London Metal Exchange (LME) inventories fell for <strong>42 consecutive days<\/strong>, signaling a severe physical supply squeeze.<\/li>\n<li><strong>Mexico has applied a compensatory duty of $181 per ton<\/strong> on Chinese ammonium sulfate imports to protect domestic producers, despite pushback from agricultural groups.<\/li>\n<li><strong>Wall Street sentiment on Boeing (<a href=\"\/stock\/BA\">BA<\/a>) is at its most bullish since 2022<\/strong>, with 21 &quot;Buy&quot; ratings and zero &quot;Sell&quot; recommendations among major analysts.<\/li>\n<li><strong>LME copper backwardation has widened to over $260<\/strong>, the highest since the 2021 squeeze, as traders scramble for immediate delivery of the metal.<\/li>\n<\/ul>\n<h2>Boeing Secures Critical FAA Milestone<\/h2>\n<p>The Federal Aviation Administration (FAA) has officially granted an amended type certificate for the <strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>) 737 Max 7<\/strong>, ending a nearly decade-long review process. This certification allows the company to begin deliveries of the smallest and longest-range variant of the Max family, with <strong>Southwest Airlines (<a href=\"\/stock\/LUV\">LUV<\/a>)<\/strong> expected to be the launch customer. The approval follows extensive design changes, including a <strong>redesigned engine anti-ice system<\/strong> and updates to flight-control software.<\/p>\n<p>Analysts at <strong>BNP Paribas<\/strong> and <strong>Argus Research<\/strong> recently upgraded the stock, citing a &quot;cash flow inflection&quot; after the company reported <strong>$631 million in Q2 free cash flow<\/strong>, beating consensus estimates. <strong>Bernstein<\/strong> and <strong>Tigress Financial<\/strong> have set ambitious price targets of <strong>$298<\/strong> and <strong>$305<\/strong>, respectively. Despite the optimism, the FAA continues to maintain strict oversight, recently ordering inspections for seat installations on roughly <strong>31,000 aircraft<\/strong>.<\/p>\n<h2>Copper Markets Face Unprecedented Supply Squeeze<\/h2>\n<p>The global copper market is entering a period of extreme tightness, with spot prices on the LME recently trading at a <strong>$260 premium<\/strong> over later-dated futures. Total LME inventories have plummeted to <strong>204,975 tons<\/strong>, and nearly <strong>58% of that volume<\/strong> is already earmarked for withdrawal. Analysts warn that if the current depletion rate continues, prices could breach the <strong>$15,000 per ton<\/strong> mark in the near term.<\/p>\n<p>Supply disruptions are mounting as <strong>Chinese smelters cut production<\/strong> by nearly <strong>3% year-on-year<\/strong> due to a shortage of raw copper concentrate. In the Americas, production outlooks have been lowered in <strong>Chile<\/strong>, while traders in the U.S. are aggressively stockpiling metal in anticipation of <strong>potential new tariffs<\/strong> on refined copper. Long-term demand from <strong>electric vehicles (EVs)<\/strong> and <strong>AI data centers<\/strong> is expected to keep the market in a structural deficit through 2026.<\/p>\n<h2>Mexico Imposes Duties on Chinese Fertilizers<\/h2>\n<p>In a move to safeguard its domestic chemical industry, <strong>Mexico<\/strong> has implemented a compensatory duty on <strong>ammonium sulfate<\/strong> imports from <strong>China<\/strong>. The duty, set at approximately <strong>$181 per ton<\/strong>, comes as Mexican agricultural producers face rising costs for alternative fertilizers like urea. While domestic manufacturers argue the measure is necessary to combat <strong>anti-dumping<\/strong>, farmers in regions like <strong>Sinaloa<\/strong> and <strong>Jalisco<\/strong> have petitioned for a temporary removal of the tax to mitigate food inflation.<\/p>\n<p>This trade action coincides with a broader escalation of trade tensions between the two nations. <strong>China&#39;s Ministry of Commerce (MOFCOM)<\/strong> recently retaliated by imposing provisional anti-dumping duties of up to <strong>54.3% on Mexican pecan imports<\/strong>. The Mexican <strong>Secretariat of Economy<\/strong> has expressed concern over these measures, noting that direct pecan exports to China were valued at over <strong>$21.9 million<\/strong> in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Boeing (BA) shares surged 7-8% following the long-awaited FAA certification of the 737 Max 7, marking a major 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