HKEX: JP Morgan on Aug 20 increased its H-share long position in TTANQT LITHIUM (09696.HK) to 11.17% from 10.18%.

JPMorgan reiterated its overweight rating on SpaceX (SPCX.O) and a $240 price target, citing rising confidence in Grok AI’s prospects. The bank flagged SpaceX’s acquisition of Cursor, reported to have roughly $4bn in annual recurring revenue, about 75% from enterprise customers. JPMorgan said Cursor should bolster SpaceX’s enterprise AI strategy, provide additional model training data and improve Grok’s performance.

Australian miner South32 said it expects the Sierra Gorda deposit to be an important source of copper over the coming decades.