Zhi Tong Cai Jing·2025-11-11 00:20Core Viewpoint - The recent stock transfer of Zijin Mining from HSBC to Citibank indicates a significant market movement, with a total value of HKD 41.30 billion, representing 2.11% of the company's shares [1] Group 1: Stock Transfer - On November 10, Zijin Mining's shares were transferred from HSBC to Citibank, with a market value of HKD 41.30 billion [1] - The transfer represents 2.11% of Zijin Mining's total shares [1] Group 2: Analyst Ratings - Morgan Stanley has resumed coverage on Zijin Mining, assigning an "Overweight" rating with a target price of HKD 46.1 [1] - The firm highlights Zijin Mining's unique position due to growth in copper and gold production, effective cost control, and attractive valuation [1] Group 3: Market Outlook - Morgan Stanley anticipates a widening copper supply-demand gap by 2026 due to three major copper mine incidents this year, leading to production halts [1] - The firm sees significant upside potential for copper prices and is optimistic about gold prices, projecting them to reach USD 4,500 per ounce by mid-next year [1]