SEHK:358Metals and Mining
Jiangxi Copper (SEHK:358) Is Up 7.3% After JP Morgan Upgrade Amid Shifting Copper Supply Outlook
Earlier in January 2026, JP Morgan upgraded Jiangxi Copper to Neutral, citing a more constructive view on copper amid supply disruptions, ongoing industry mergers and acquisitions, and a milder-than-expected application of China’s “anti-involution” policy.
This shift highlights how policy implementation and tightening supply conditions can reshape sentiment toward China’s basic materials sector, with Jiangxi Copper positioned at the heart of these themes.
We’ll now examine how JP Morgan’s...