Bank of America Securities released a research report saying that in the second quarter, the global commodities team updated their metal price forecasts. The macroeconomic and energy transition will drive metal prices, and we are still optimistic about copper and gold. It is expected that by 2025, the price of copper will exceed 10,000 US dollars/ton, and the price of gold will exceed 2,500 US dollars/ounce. The bank is optimistic about aluminum prices and expects China's aluminum demand to increase by 2% in 2024. However, they have a neutral view of lithium and are wary of steel. The bank listed Zijin Mining (02899.HK), Shandong Gold (01787.HK), and China Aluminum (02600.HK) as the preferred metal/mining stocks, while also optimistic about Luoyang Molybdenum (03993.HK), Jiangxi Copper (00358.HK), and China Hongqiao (01378.HK).