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M Stanley Names ZIJIN MINING as Top Pick w/ TP HKD46.1, Expects Wider Copper Supply-Demand Gap Next Yr & Copper Price Upside
2025-11-06 11:42:16
Given that this year has seen three copper mine accidents happen around the world, Morgan Stanley has issued a research report estimating that the copper supply-demand gap will further widen by 2026, with copper prices currently facing immense upward potential.

Morgan Stanley considers ZIJIN MINING (02899.HK) (601899.SH) as the best global choice in the sector. With its operational model that helps sustain its growth, the broker expects ZIJIN MINING to achieve a CAGR of 10.5% in copper production and 7.3% in gold production in 2025-28.

Morgan Stanley has resumed coverage of ZIJIN MINING. Its target price for ZIJIN MINING is set at HKD46.1, with an Overweight rating.
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