J.P. Morgan Chase released a research report saying that it has a constructive view on China's basic materials sector until the end of the year because fundamentals are still resilient, but market expectations are weak. In terms of individual stocks, the bank raised the international target price of Zijin Gold from HK$146 to HK$165, maintaining an “increase” rating; downgraded the Shandong gold rating from “neutral” to “reduced” and the target price from HK$25 to HK$15; Zijin Mining was the first choice for the copper and gold sector, with a rating of “increase” and a target price of HK$50; Jiangxi Copper maintains an “increase” rating and a target price of HK$44; Ganfeng Lithium maintains an “increase” rating and reduces the target price from HK$7040 to HK$7040 HKD; Tianqi Lithium remains “neutral” and the target price was reduced from HK$36 to HK$25.

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