Group 1 - HSBC raised the target price for Zijin Mining (02899.HK) by 4.5% from HKD 22.2 to HKD 23.2, maintaining a buy rating [1] - The company has a solid fundamental outlook, despite production disruptions caused by seismic activity [1] - The copper production forecast for Kamoa-Kakula by Ivanhoe Mines has been reduced by 150,000 to 160,000 tons for 2025 [1] Group 2 - Production at the western section of Kakula has resumed as of June, and a new smelting plant is expected to commence operations in the second half of 2025 [1] - The strong performance of Hong Kong-listed mining stocks is attributed to concerns over copper tariffs leading to increased exports of U.S. copper concentrate, along with ongoing destocking in London Metal Exchange (LME) and China [1] - Antofagasta's processing fee quote for the second half of 2025 is set at USD 15 per ton, raising concerns about a potential shortage of copper concentrate [1] - Optimism surrounding U.S.-China trade negotiations has alleviated fears of an economic recession [1]

智通财经5月12日电，摩根士丹利表示，寄望于中美贸易谈判取得进展，对冲基金上周增加了对中国股 市的看涨押注，尤其是美国的对冲基金。摩根士丹利在上周五发布的报告中称，在看到中美可能达成贸 易协议的令人鼓舞的迹象后，美国对冲基金"重新投入"了中国，买入在美股交易和在A股市场交易的股 票。该银行表示，相比之下，对冲基金减持在泰国、中国香港、印度和澳大利亚为首的大多数亚洲地区 的头寸。 摩根士丹利：因贸易谈判乐观情绪 对冲基金重新进入中国股市 ...