每经AI快讯，中广核矿业(01164.HK)午后跌近7%，截至发稿跌6.51%，报2.87港元，成交额1.22亿港 元。 （文章来源：每日经济新闻） ...

智通财经APP获悉，中广核矿业(01164)午后跌近7%，截至发稿，跌6.51%，报2.87港元，成交额1.22亿 港元。 消息面上，12月15日，马斯克在社交平台上公开唱衰核聚变发电。他写道："在地球上建造小型核聚变 反应堆简直愚蠢至极。"马斯克指出，太阳本身已是天空中一个巨大的、免费的核聚变反应堆。在最新 的太空AI设想中，马斯克计划每年部署100GW的太阳能AI卫星，规模堪比美国全国电力的四分之一。 此外，哈萨克斯坦近期提出新政策，要求哈原工在与合资企业续签合同时，将会持有90%的合资企业股 份。招银国际发布研报称，新政策对中广核矿业的储量所有权影响轻微。但可能会给该行的目标倍数带 来不确定性。暂时维持目标估值不变，但将持续关注政策变化的进展。 ...

消息面上，12月15日，马斯克在社交平台上公开唱衰核聚变发电。他写道："在地球上建造小型核聚变 反应堆简直愚蠢至极。"马斯克指出，太阳本身已是天空中一个巨大的、免费的核聚变反应堆。在最新 的太空AI设想中，马斯克计划每年部署100GW的太阳能AI卫星，规模堪比美国全国电力的四分之一。 此外，哈萨克斯坦近期提出新政策，要求哈原工在与合资企业续签合同时，将会持有90%的合资企业股 份。招银国际发布研报称，新政策对中广核矿业的储量所有权影响轻微。但可能会给该行的目标倍数带 来不确定性。暂时维持目标估值不变，但将持续关注政策变化的进展。 中广核矿业(01164)午后跌近7%，截至发稿，跌6.51%，报2.87港元，成交额1.22亿港元。 ...

Investment Rating - The industry rating is "Recommended" [3] Core Views - Short-term lithium prices are expected to remain volatile, with a positive outlook on antimony, cobalt, tungsten, and tin due to a reassessment of strategic metal values [1][2][7] - Supply concerns in the nickel market are supported by the lack of new approvals from Indonesia's RKAB, which may lead to price stabilization [1][28] - The cobalt market is expected to see continued price increases due to structural supply tightness, with Congo's export regulations impacting availability [2][5][16] - Antimony prices are anticipated to converge towards higher overseas prices due to export controls and tight domestic supply [6][17] - The lithium market is experiencing a strong demand backdrop, with expectations of continued inventory depletion supporting prices [7][17] - The rare earth market is tightening due to Vietnam's export ban, which is expected to support prices [9][18] - Tin prices are supported by ongoing supply concerns from overseas sources, particularly from Myanmar and Congo [11][20] - Tungsten prices are expected to remain supported due to supply constraints and regulatory controls [12][21] - The uranium market is facing supply tightness, which is likely to support prices amid geopolitical uncertainties [14][22] Summary by Sections Nickel and Cobalt Industry Update - Nickel prices are under pressure due to stable demand but cautious purchasing from smelters, with LME nickel closing at $14,420 per ton, down 2.04% [1][28] - Cobalt prices are expected to rise further, with Congo's export regulations causing supply constraints [2][5][16] Antimony Industry Update - Domestic antimony prices are lower compared to international prices, but supply tightness is expected to support future price increases [6][17] Lithium Industry Update - Lithium carbonate prices have increased, with a strong demand outlook from the electric vehicle sector [7][17] Rare Earth Industry Update - Vietnam's recent export ban on rare earths is expected to tighten global supply and support prices [9][18] Tin Industry Update - Tin prices are supported by supply concerns from Myanmar and Congo, with LME tin prices rising to $41,905 per ton [11][20] Tungsten Industry Update - Tungsten prices are expected to remain high due to supply constraints and regulatory measures [12][21] Uranium Industry Update - The uranium market is facing supply tightness, with prices supported by geopolitical factors and production delays [14][22]

消息面上，哈萨克斯坦提出的有关加强对铀矿开采合资企业监管的草案已获下议院通过，目前正等待参 议院审议。该草案要求，哈原工在与合资企业续签合同时，哈原工表示，目前正与合资伙伴进行谈判， 部分伙伴对这项提案提出保留意见。 招银国际发布研报称，鉴于未来十年铀供应紧张，哈萨克斯坦的政策转变事实上并不完全出乎意料之 外。该行指出，新政策对中广核矿业的储量所有权影响轻微。但可能会给该行的目标倍数带来不确定 性。暂时维持目标估值不变，但将持续关注政策变化的进展。 中广核矿业(01164)重挫逾8%，截至发稿，跌8%，报2.99港元，成交额1.93亿港元。 ...

智通财经APP获悉，中广核矿业(01164)重挫逾8%，截至发稿，跌8%，报2.99港元，成交额1.93亿港 元。 消息面上，哈萨克斯坦提出的有关加强对铀矿开采合资企业监管的草案已获下议院通过，目前正等待参 议院审议。该草案要求，哈原工在与合资企业续签合同时，哈原工表示，目前正与合资伙伴进行谈判， 部分伙伴对这项提案提出保留意见。 招银国际发布研报称，鉴于未来十年铀供应紧张，哈萨克斯坦的政策转变事实上并不完全出乎意料之 外。该行指出，新政策对中广核矿业的储量所有权影响轻微。但可能会给该行的目标倍数带来不确定 性。暂时维持目标估值不变，但将持续关注政策变化的进展。 ...

Core Insights - The article discusses the recent developments in the LP market, focusing on new fund establishments and government policies aimed at promoting mergers and acquisitions in Beijing [5][6]. Group 1: Policy Developments - Beijing has issued a policy to support high-quality development through mergers and acquisitions, encouraging quality listed companies and various investment entities to establish and operate acquisition funds [5]. - The establishment of the "Beijing Jingguochuang Intelligent Computing M&A Equity Investment Fund" with a scale of 30 billion RMB reflects the rapid implementation of this policy [8]. Group 2: New Fund Establishments - A total of 13 new funds were established in the LP circle this week, including the 14 billion RMB South Network Industrial Fund and the Jiangsu Zhenjiang High-end Intelligent Manufacturing Special Mother Fund [6]. - The South Network Industrial Fund focuses on new power system construction and aims to invest in major infrastructure and technological innovations [9]. - The "Xianggan Xizheng Advanced Sensing Industry Investment Fund" was established with a scale of 102 million RMB, targeting advanced magnetic sensing and related industries [15]. Group 3: Fund Management and Investment Focus - The "Beijing Innovation Industry Investment Co., Ltd." manages the newly established 30 billion RMB fund, which will significantly increase its management scale [6]. - The newly formed funds are primarily focused on sectors such as biotechnology, advanced manufacturing, and energy, indicating a trend towards investing in high-tech and innovative industries [11][21]. Group 4: Regional Investment Strategies - The establishment of the "Hangzhou Talent Fund Phase II" aims to support innovation and entrepreneurship among high-level talents, with a focus on technology and industry integration [17][18]. - The "Guizhou Qieneng No. 1 Private Fund" was established with a capital of 2.7 billion RMB, reflecting Guizhou's increasing activity in equity investment [14]. Group 5: Market Trends - The article highlights a growing trend of local governments and state-owned enterprises establishing funds to support technological innovation and industrial upgrades, particularly in regions like Fujian and Jiangsu [16][23]. - The establishment of various funds across different regions indicates a strategic push towards enhancing local industrial capabilities and fostering innovation ecosystems [22].

招商证券认为，核电技术不断升级，是兼顾清洁、高效的电源方案。终端电气化进程不断助推用电量增 长，AI的爆发对高质量电力的需求更迫切，叠加地区能源独立等因素，核电战略地位持续强化，进入 复苏。与之相对福岛事件后十余年铀矿资本开支收缩，短期天然铀缺口主要依托库存及铀矿复产等，中 长期看新增产能释放节奏不明朗，且部分矿山减产可能进一步加大供给侧压力。综上判断未来铀价将整 体维持上行趋势，铀矿企业盈利表现有望持续优化。 智通财经获悉，中广核矿业(01164)涨超7%，截至发稿，涨7.26%，报3.4港元，成交额1.86亿港元。 本文源自：智通财经网 消息面上，12月3日，中国铀业在深交所举行上市仪式，成为A股市场天然铀第一股。大摩研报指，根 据中国铀业申报资料，其IPO市值为370亿元人民币，预计今年纯利达16亿至16.5亿元人民币。作为首间 在内地上市的铀矿企业，该行相信公司将吸引更广泛投资者关注铀矿板块，提振市场信心，而中广核矿 业作为唯一在香港上市及参与互联互通的铀矿企业亦将受惠。该行预计中广核矿业的股价将在15天内有 70%至80%机会上升。 ...

Group 1 - The Hang Seng Index fell by 0.25%, down 63 points, closing at 25,872 points, while the Hang Seng Tech Index decreased by 0.20% [1] - The non-ferrous metals sector showed strong performance, with expectations of rising industry prosperity due to increasing Fed rate cut expectations. Jiangxi Copper (00358) rose over 5%, Minmetals Resources (01208) increased by 4%, China Aluminum (02600) gained 4.3%, and Liken Resources (02245) surged over 5% [1] - CGN Mining (01164) saw a rise of over 7%, driven by a significant increase in uranium prices in the US stock market, with Morgan Stanley optimistic about the company's stock price rising within 15 days [1] - Reformed Energy (02570) jumped over 9% ahead of a stock unlock next Monday, focusing on hydrogen fuel cell systems [1] Group 2 - InnoCare Pharma (02577) increased by over 6% after reaching a strategic cooperation with Onsemi, with institutions optimistic about GaN as a new direction for robotics [2] - Goldwind Technology (02208) rose over 6% during the session, with expectations of high growth in installations during the peak season, and domestic wind power installations expected to reach new heights during the 14th Five-Year Plan [2] Group 3 - Nanjing Panda Electronics (00553) rose by 6% as the 2025 Brain-Computer Interface Conference opened, marking a critical stage for domestic clinical transformation [3] Group 4 - China Oriental Group (00581) increased by 5% after investing approximately 52 million yuan to increase its stake in Jiangsu Shentong [4] Group 5 - Shenzhou International (02313) fell over 4% as institutions lowered the company's sales growth forecast for the second half of the year, with production release expected to continue reflecting in the following year [5] Group 6 - The related stocks of Moore Threads saw a decline, with Dazhong Public Utilities (01635) dropping over 7% [6] - Innovent Biologics (01801) fell over 2% after completing a global strategic cooperation with Takeda Pharmaceutical, raising approximately 777 million HKD through the issuance of 6.9138 million shares [6]

每经AI快讯，中广核矿业(01164.HK)涨超7%，截至发稿，涨7.26%，报3.4港元，成交额1.86亿港元。 ...