Morgan Stanley has released a research report stating that the Chinese government's directive to restrict excess capacity and shut down illegally constructed copper smelting operations, as mentioned by Chen Xuesen, Vice Chairman of the China Nonferrous Metals Industry Association, is expected to benefit copper prices and major copper producers. The bank believes there is a 70% to 80% probability that Zijin Mining's (02899) stock price will rise within the next 15 days once these measures are implemented.
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