Group 1 - UBS has raised its copper price forecasts for 2025 and 2026 by 7% and 4% respectively, to $4.24 per pound and $4.68 per pound, reversing previous cautious demand outlooks due to the diminishing impact of tariff uncertainties [1] - UBS maintains an optimistic view on copper prices, supported by favorable supply-side dynamics and long-term demand drivers [1] - UBS has increased the target price for Zijin Mining by 7% to HKD 25.3 and for Luoyang Molybdenum by 12.5% to HKD 9.9, reiterating a "buy" rating [1]

Group 1 - Goldman Sachs has raised its forecast for LME copper prices in the second half of 2025 to an average of $9,890 per ton, up from the previous estimate of $9,140 per ton [1] - The increase in copper prices is attributed to reduced copper inventories outside the U.S. due to tariffs and strong demand from the Chinese market [1] - The peak price for copper is expected to reach $10,050 per ton in 2025 [1]

Group 1 - Goldman Sachs has raised its copper price forecasts for the second and third quarters to $9,330 and $9,150 per ton, respectively, from previous forecasts of $8,620 and $8,370 [1]