UBS: Maintains "Buy" rating on Zijin Mining (02899.HK), target price HK$57.8; Julong Copper Mine is the main driver of short-term copper output.

Zhitong Finance APP has learned that UBS issued a research report maintaining a "Buy" rating on Zijin Mining (02899.HK) with a target price of HK$57.8. The bank noted that short-term production delivery from the company's Julong Copper Mine in Lhasa, Tibet, has become the main pillar of business development in the region, while other regional projects support the next stage of growth.