Bank of America Securities issued a research note stating that JIANGXI COPPER (HKEX: 00358) has issued a positive profit alert, forecasting a net profit between RMB 7.55 billion and RMB 8.5 billion for the first half of 2026.

The midpoint of this range, RMB 8 billion, has already reached approximately 82% of the bank's full-year 2026 profit forecast and about 71% of the market consensus estimate, significantly exceeding expectations.

The report notes that while spot treatment and refining charges (TC/RCs) have fallen below negative $120 per tonne due to extremely tight concentrate supply, the bank believes the short-term impact on Jiangxi Copper's profitability remains manageable.

Bank of America Securities maintains its "Buy" rating on the stock with a target price of HK$43.