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    David Feng

    Research Analyst at CICC

    David Feng is an Equity Analyst at CICC, specializing in coverage of Chinese internet and technology companies with a focus on major firms such as Alibaba, Tencent, JD.com, and Meituan. Known for delivering actionable investment insights, Feng’s research has been recognized in industry circles for its rigor and depth, though publicly disclosed statistical performance metrics or published analyst rankings are not available. With a career rooted in Asia’s financial sector, he joined CICC following previous analytical roles at regional institutions, bringing years of sectoral expertise and professional credibility. Feng holds relevant financial licenses for equity research and has participated in global industry events, reflecting his commitment to continuing professional development.

    David Feng's questions to SOUTHERN COPPER CORP/ (SCCO) leadership

    David Feng's questions to SOUTHERN COPPER CORP/ (SCCO) leadership • Q2 2024

    Question

    David Feng from CICC asked about copper pricing, specifically whether the COMEX price is a better benchmark than LME for Southern Copper's sales, given the premium and the company's customer base in the Americas.

    Answer

    Executive Raul Jacob explained that sales from Mexican operations are largely priced using COMEX, while Peruvian operations and some concentrate sales use LME. He acknowledged the current arbitrage favors COMEX but stated the company maintains exposure to both benchmarks as the market can shift quickly.

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