中国基本金属- 铜、金价上涨推高盈利；维持紫金矿业、洛阳钼业 “买入” 评级-China Metals & Mining_ Base Metals_ Raising earnings on higher copper and gold prices; Maintain Buy on Zijin and CMOC

28 January 2026 | 7:31PM HKT Equity Research CHINA METALS & MINING: BASE METALS Raising earnings on higher copper and gold prices; Maintain Buy on Zijin and CMOC We revise up earnings by 9-33% for 2026-27E for Chinese copper and gold stocks under our coverage by incorporating the latest commodity price forecast from the global team and the latest company updates. We remain positive on copper and gold names under our coverage. Our preferred names are Zijin and CMOC as both companies will not only benefit fro ...