According to the Zhijun Finance APP, copper stocks rose during early trading. As of the time of publication, MMG (01208) rose 5.48% to HKD 3.08, Chinfmining (01258) rose 3.99% to HKD 7.03, Jiangxi Copper (00358) rose 3.71% to HKD 16.2, and Chinagoldintl (02099) rose 3.38% to HKD 51.95.

On the news front, LME copper rebounded from a two-month low on Tuesday due to the weak US dollar. Previously released data showed that US retail sales growth slowed in May, providing reasons for the Fed to cut interest rates. Analysts, such as Jason Fairclough from Goldman Sachs, released in-depth industry reports, stating that copper prices are expected to rise to USD 12,000 per ton by 2026, which is more than 20% higher than the current level and closest to Citigroup's predictions.

Goldman Sachs believes that copper prices are expected to reach this level early by the end of the year. The report pointed out that due to energy transformation, the growth of Indian demand, and the rise of AI and data center construction boom, the market's demand for copper is soaring, and it is predicted that the global supply and demand gap will double by 2026, reaching 743,000 tons.