Australian Research at a Glance - May 21, 2026

Research evidence excerpt

Australian Research at a Glance - May 21, 2026

AUSTRALIAN RESEARCH AT A GLANCE

of WJL interim chair and after market, HLO disclosed they now own c.20% of WJL.

In our view, the combination of a deal-making chair and a motivated buyer bode

well for the possibility of a win-win outcome for all parties and will ultimately see

WJL acquired.

Industry Comments

RBCCM Global Research 2026 RBC Capital Markets Global Healthcare Conference –

Updates from Day 1

Published May 20 2026 07:31:00 EDT

This report is a compilation of analyst takeaways from Day 1 of the RBC Capital

Markets Global Healthcare Conference, which took place on May 19, 2026, in New

York. See below for our most notable takeaways from the day and the body of the

report for more comprehensive takeaways on each presenting name.

Sam Crittenden, P.Eng., CFA (Analyst) Industrial Metals Weekly

(416) 842-7886; sam.crittenden@rbccm.com Published May 19 2026 17:03:21 EDT

Copper takes a break after last week's spike

Our view: Copper prices surged to near-record highs last week, up to a $6.40/lb

peak as Chinese demand remained strong and global supply concerns intensified.

We believe the rally was fueled by declining Chinese copper inventories signaling

strong consumption from the world's top consumer, while supply headwinds have

risen on multiple fronts: a Middle Eastern sulfur shortage, while Peru's political

uncertainty ahead of a June 7 presidential runoff between leftist Roberto Sanchez

and conservative Keiko Fujimori has raised fears that a Sanchez victory could

trigger greater state intervention and higher mining taxes. Supply pressures are also

emerging from major copper producers like Chile, where the economy recorded its

sharpest annual decline in more than three years in Q1 due to lower copper grades,