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Investing.com - Goldman Sachs initiated coverage on JX Advanced Metals (5016:JP) with a Buy rating and a price target of JPY1,770.00 on Wednesday.
The investment bank cited JX Advanced Metals’ unique positioning within Japan’s Advanced Materials sector, highlighting its ability to deliver high profit growth in advanced materials critical to semiconductors and AI servers, while maintaining stable cash flow from overseas copper mine interests.
Goldman Sachs noted the company’s dominant market position with a 64% global share in sputtering targets for semiconductors and a 78% share in rolled copper foil for flexible printed circuits, which represents its core business.
The firm also emphasized JX Advanced Metals’ strong market presence in multiple AI server materials, including approximately 40% market share in InP substrates for optical transceivers, about 50% in high-purity tantalum powder for tantalum capacitors, and roughly 60% in copper titanium primarily used for AI server connectors.
These strong market positions across multiple advanced materials segments, particularly those supporting semiconductor and AI server technologies, form the basis for Goldman Sachs’ positive outlook on the company.
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