Daiwa: It is expected that Jiangxi Copper will benefit from the sulfur shortage, with a "buy" rating.

Morgan Stanley's research report predicts that Jiangxi Copper's stock price is likely to rise by 70% to 80% in the next 60 days. The report states that about half of the shipping of sulfur by sea passes through the Strait of Hormuz, and any shipping disruptions could put further pressure on an already tight market. Reduced production at refineries in other regions due to a shortage of crude oil could pose more risks, and the fertilizer industry will also compete for limited sulfur supply. As Jiangxi Copper's main byproduct of copper smelting is sulfuric acid, the company is expected to benefit from the scarcity of sulfur. The bank rates it as "overweight" with a target price of 75 Hong Kong dollars.