江西铜业-2026 年业务展望电话会要点

Flash | Jiangxi Copper (0358.HK) Takeaways from 2026 Business Outlook Call CITI'S TAKE We hosted a 2026 Business Outlook Call with Jiangxi Copper on Jan 6. Mr. Gong Kun, IR Manager, attended the call. Jiangxi Copper signed agreement with Antofagasta in Dec 2025. The long-term TC/RC is 0 for 2026E and the recovery rate has also been slightly lifted in the contract. Jiangxi Copper is negotiating with other copper concentrate producers and expects they will also follow the 0 long-term TC/RC for 2026E. Maintain ...