The Zhitong Finance App learned that Deutsche Bank recently released a research report saying that the metals and mining industry has performed strongly in the third quarter and since the beginning of the year, mainly driven by a sharp rise in copper prices, but the recent rise in bond yields and the strengthening of the US dollar have put some pressure on the market. The bank updated its forecast for copper prices, aluminum prices and iron ore prices in the report, and listed the preferred targets in the metals and mining industry. Deutsche Bank pointed out that China Hongqiao (01378.HK) is its preferred aluminum industry target, and mainly values its valuation and potential cash return. Deutsche Bank gave the stock a “buy” rating, and the target price was HK$33.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Deutsche Bank recently released a research report saying that the metals and mining industry has performed strongly in the third quarter and since the beginning of the year, mainly driven by a sharp rise in copper prices, but the recent rise in bond yields and the strengthening of the US dollar have put some pressure on the market. The bank updated its forecast for copper prices, aluminum prices and iron ore prices in the report, and listed the preferred targets in the metals and mining industry. Deutsche Bank pointed out that China Hongqiao (01378.HK) is its preferred aluminum industry target, and mainly values its valuation and potential cash return. Deutsche Bank gave the stock a “buy” rating, and the target price was HK$33.
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