JPMorgan Chase has issued a research report stating that since early July, the MSCI China Materials Index has outperformed the MSCI China Index by 19%, benefiting from generally solid first-half earnings performance, rising interest rate cut expectations, and mainland China's anti-involution policy themes. The firm believes the materials sector will continue this strong performance in the second half, with a favorable outlook on materials in the following order: copper or gold, aluminum, steel, coal, and lithium.

The bank indicates that ZIJIN MINING (02899) remains its top choice, with strong profit growth, maintaining an "Overweight" rating and a target price of HK$28. The firm also expressed optimism about copper stocks and recommends investors purchase CMOC (03993) during periods of high consolidation, maintaining an "Overweight" rating and a target price of HK$13.5.

The bank announced it has raised ANGANG STEEL's (00347) target price from HK$1 to HK$2.3, upgrading its rating from "Underweight" to "Neutral".