Galaxy Securities: First Minmetals Resources (01208) Recommended Rating Copper Ore Production Capacity Continues to Rise

The Zhitong Finance App learned that Galaxy Securities released a research report stating that it covered Minmetals Resources (01208) for the first time and gave it a “recommended” rating; according to current Hong Kong statistics, the company's operating income from 2025 to 27 is expected to reach HK$48.3 billion, 64.5 billion and 68.7 billion, respectively, and net profit to mother of HK$5.6 billion, 10.4 billion and HK$12.1 billion. The bank believes that the company's mining resources are of high quality, the production capacity of its three major copper mines continues to rise, the growth path is clear, and there is significant room for cost optimization.

Furthermore, the supply and demand pattern of the copper industry in this industry continues to be tight. Global copper capital expenditure support continues to decline, combined with resource depletion and policy uncertainty in mineral countries, creating long-term supply constraints. On the demand side, traditional fields have shown resilience, and the rapid development of industries such as AI data centers has brought about continuous new demand. The positive copper supply and demand pattern in 2026, combined with the Federal Reserve's liquidity easing expectations, will jointly drive copper prices to rise steadily.