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Huatai Securities issued a report stating that Jiangxi Copper's net profit for the first quarter was 1.72 billion yuan, down 2.3% year-on-year and up 9.8% quarter-on-quarter. The bank said that the quarterly improvement in performance is expected to benefit from the upward trend of the copper price center during the period. The report believes that the resonance between the Federal Reserve's interest rate cut cycle and the restart of the global manufacturing cycle has driven the rise in copper prices this round.

Considering the tighter supply and demand structure of the copper concentrate market and the recovery of manufacturing in major economies around the world, the report forecasts copper prices this year and next from 8 per ton respectively.richcasinosignup, US$800 and US$10,000, increased to US$9,500 and US$11,000 respectively. The net profit forecast for each year from 2024 to 2026 has been raised to 8.86 billion yuan, 10.33 billion yuan and 10.49 billion yuan respectively, maintaining the "Buy" rating, and the target price of H-shares has increased from HK$16 to HK$19.1.