Xin Lang Cai Jing·2025-10-23 04:25Core Viewpoint - The optimistic mid-term outlook for copper prices supports the continued profitability momentum of Zijin Mining, which may lead to a further revaluation of the stock [1] Group 1: Company Performance - Zijin Mining has downgraded its 2025 group copper production forecast due to a flooding incident at one of its mines [1] - Despite the production downgrade, the company indicates that frequent severe disruptions in global mining production may keep supply tight and support long-term prices [1] - Strong fundamentals in gold and copper have reaffirmed Zijin Mining's robust nine-month performance, confirming its profit visibility [1] Group 2: Analyst Recommendations - Daiwa Capital Markets has raised the target price for Zijin Mining's H-shares from HKD 29.70 to HKD 37.80 while maintaining a buy rating [1]