Metals and mining sector may usher in a new round of revaluation! Deutsche Bank raises copper and aluminum price forecasts; China Hongqiao (01378.HK) listed as top pick among aluminum stocks.

According to Zhitong Finance APP, Deutsche Bank recently issued a research report stating that the metals and mining sector performed strongly in the third quarter and year-to-date, mainly driven by the surge in copper prices, but the recent rise in bond yields and a stronger US dollar have put some pressure on the market. In the report, the bank updated its forecasts for copper, aluminum, and iron ore prices, and listed its top picks in the metals and mining sector. Deutsche Bank pointed out that China Hongqiao (01378.HK) is its preferred aluminum sector pick, mainly due to its valuation and potential cash returns. Deutsche Bank gave the stock a "Buy" rating with a target price of HK$33.