Morgan Stanley: Expects Tibet copper mine to be a key growth driver for Zijin Mining (02899.HK), target price HK$61

Zhitong Finance APP has learned that Morgan Stanley released a research report stating that Zijin Mining's (02899, 601899.SH) Julong Copper Mine in Tibet remains a key driver of the company's growth. The bank currently gives it a target price of HK$61 and an "Overweight" rating. As the second-phase project gradually comes into production, copper output is expected to reach 300,000 to 310,000 tonnes this year, and further increase to 310,000 to 320,000 tonnes next year.