Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CICC Recommends Focusing on ZIJIN MINING/ CMOC; ST Adjustment Presents Good Opportunity as Copper Supply-Demand Dynamics Expected to Get Tighter
Recommend 5 Positive 12 Negative 4 |
||||
|
||||
|
Duan Shaofu, Deputy Secretary-General of the China Nonferrous Metals Industry Association, proposed on Tuesday (3rd) at a press conference to improve the copper resource reserve system, according to CICC's research report. The US also announced on Monday the launch of a USD12 billion critical mineral reserve plan (Project Vault), which includes more than 50 critical minerals identified by the US Geological Survey, such as rare earths, lithium, and copper, to hedge supply chain risks. CICC believes that both China and the US have launched copper resource reserve plans, and strategic stockpiling demand continues to grow. Industry restocking supports copper prices, and the spring peak season restocking combined with tight supply may further boost copper prices. In the long term, the main wave of the copper industry bull market is on the rise, and short-term adjustments present a good opportunity for layout. Maintaining its earnings forecasts, target prices, and ratings for related companies unchanged, CICC recommended focusing on leading targets with high copper mine self-sufficiency rates and strong potential for reserve expansion, production increase, and external M&As, including ZIJIN MINING (02899.HK), CMOC (03993.HK), WESTERN MINING (601168.SH), JCHX (603979.SH), and TNMG (000630.SZ). AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
