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<Research>Citi Expects JIANGXI COPPER to Benefit From Strong Sulfuric Acid Prices, Reduces TP to HKD49.5 w/ Rating Kept Buy
Citi has issued a research report stating that its benchmark forecasts for copper and gold prices this year are USD12,375 per ton and USD4,775 per ounce, respectively. If copper or...
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<Research>Citi Expects JIANGXI COPPER to Benefit From Strong Sulfuric Acid Prices, Reduces TP to HKD49.5 w/ Rating Kept Buy
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Citi has issued a research report stating that its benchmark forecasts for copper and gold prices this year are USD12,375 per ton and USD4,775 per ounce, respectively. If copper or gold prices rise 10% above their benchmark assumptions, JIANGXI COPPER (00358.HK)  0.000 (0.000%)    Short selling $20.60M; Ratio 8.319%   's net profit is expected to increase by 8% YoY and 3% YoY, respectively, this year.

The broker cut its target price for JIANGXI COPPER to HKD49.5 from HKD54.1 but kept the Buy rating unchanged. Considering the positives like strong sulfuric acid prices and a higher proportion of long-term concentrate and refined copper (TC/RC) contracts with favorable pricing, the company's smelting business should remain profitable. If conflicts in the Middle East persist, the company is expected to benefit from robust sulfuric acid prices.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-27 16:25.)

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