Jin Rong Jie·2025-12-17 05:08Group 1 - Jiangxi Copper has raised its acquisition offer for UK-listed SolGold to 28 pence per share, valuing the deal at approximately £842 million (USD 1.13 billion) [1] - This marks the third bid by Jiangxi Copper in three weeks for SolGold, which owns a top copper-gold mining project in Ecuador [1] - Jiangxi Copper has reportedly gained support from other major shareholders of SolGold, which is expected to significantly increase copper production post-acquisition [1] Group 2 - Citigroup has released a report indicating that while Jiangxi Copper's copper smelting business gross profit is expected to decline year-on-year next year, rising prices for copper, gold, and sulfuric acid will drive overall gross profit growth for the company [1] - The bank believes that the current valuation of Jiangxi Copper is attractive and maintains a "buy" rating for both A-shares and H-shares [1]