江西铜业：目标价上调至 541 港元及 648 元人民币，维持买入评级

12 Feb 2026 17:19:08 ET │ 18 pages Ac t i o n | Jiangxi Copper (0358.HK/600362.SS) TP Raised to HK$54.1 and Rmb64.8; Maintain Buy CITI'S TAKE We update our JXC model to factor in Citi's Commodities team's latest metals price forecast, sulfuric acid price forecast, and company guidance. Despite a lower TC/RC in 2026E, we expect the copper smelting business of JXC, including benefit from by-product, could remain profitable considering hiking sulfuric acid price. We expect the ongoing acquisition of Solgold, i ...