智通财经APP获悉，香港联交所最新资料显示，1月2日，小摩增持赣锋锂业(01772)118.3859万股，每股 作价53.6129港元，总金额约为6347.01万港元。增持后最新持股数目约为2510.39万股，最新持股比例为 5.19%。 ...

港交所消息：1月5日，摩根大通公司持有的 赣锋锂业 （）H股空头头寸从1.71%增至2.24%。 ...

卓创资讯锂电分析师苏津仪表示，当前碳酸锂现货价格已经创下2024年以来的新高，后续仍然具备上行 空间，但近期涨势中也包含了情绪驱动的成分。从未来供需格局看，2026年2月份前后，供需两端都有 转弱预期，市场可能逐步进入淡季。 智通财经APP获悉，赣锋锂业(01772)午后跌超4%，截至发稿，跌3.84%，报55.1港元，成交额6.38亿港 元。 消息面上，1月8日，碳酸锂主力期货价格早盘一度逼近15万元/吨，午后快速转跌。据央广网1月7日报 道，面对锂价波动，业内不少经销商都采取了在期货市场套期保值的策略，但锂价连续大涨让他们措手 不及，只能被迫追加保证金，接下来甚至有爆仓风险。一些经销商表示，下游客户近期采购热情降低， 也决定了碳酸锂价格不太可能持续大涨。 ...

Core Viewpoint - The lithium carbonate market is expected to experience a rebound in 2025, with prices showing a V-shaped recovery after hitting a low of 59,000 yuan/ton in June, eventually surpassing 130,000 yuan/ton by December, marking an increase of over 120% from the low point [1][2]. Price Trends - In early 2025, lithium carbonate prices fluctuated around 75,200 yuan/ton, dropping below 70,000 yuan/ton by the end of April and reaching a low of 59,000 yuan/ton in June [1]. - By July 2025, prices began to rebound, breaking through 65,000 yuan/ton on July 14, 70,000 yuan/ton on July 21, and closing at 76,680 yuan on July 24, eventually exceeding 120,000 yuan/ton by December 23 [2]. - The price increase is attributed to a combination of factors, including strong demand from the energy storage sector and a reduction in market inventory [2][3]. Demand and Supply Dynamics - The global demand for lithium carbonate is projected to reach 2 million tons by 2026, driven by the growth in electric vehicles and energy storage applications [6]. - The domestic market in China accounted for 63.3% of global power battery installations from January to October 2025, with significant contributions from leading companies [3]. - The new energy storage capacity in China exceeded 100 million kilowatts by September 2025, representing a growth of over 30 times compared to the end of the 13th Five-Year Plan [4]. Industry Performance - Companies in the lithium sector, such as Tianqi Lithium and Ganfeng Lithium, have seen significant stock price recoveries, with increases of over 160% and 173% respectively since their lows in April [3]. - Ganfeng Lithium reported a 364.02% year-on-year increase in net profit for the third quarter [3]. Future Outlook - The lithium market is expected to face uncertainties in 2026, with potential price corrections if demand from the energy storage sector does not meet expectations [7]. - The development of alternative technologies, such as sodium batteries, may introduce new dynamics to the market, although current production costs and scale are not yet comparable to lithium batteries [8].

Group 1 - The prices of non-ferrous metals are on an upward trend due to multiple factors such as geopolitical risks, supply-demand dynamics, and policy support, leading to optimistic performance forecasts for the sector [1][4] - The Ministry of Natural Resources announced a new round of mineral exploration actions, achieving significant results during the 14th Five-Year Plan period, including the discovery of 10 large oil fields and 19 large gas fields, with substantial increases in resources like uranium, copper, gold, lithium, and potassium salt [2] - The Ministry of Industry and Information Technology projects an average annual growth of about 5% in the added value of the non-ferrous metal industry and a 1.5% annual growth in the production of ten major non-ferrous metals from 2025 to 2026 [2] Group 2 - Major non-ferrous metal prices are expected to continue rising in 2025, with significant increases reported: London gold up 64.56%, London silver up 147.79%, and LME copper and tin both over 30% [3] - Investment demand, particularly from emerging fields like artificial intelligence and energy storage, is anticipated to drive a new commodity cycle, with industrial metal prices expected to rise further due to ongoing liquidity easing and supply constraints [4] - The non-ferrous metal sector has seen net inflows of 12.981 billion yuan since December 2025, with several companies, including Ganfeng Lithium and Zijin Mining, receiving significant financing [5] Group 3 - Companies such as Chifeng Gold and Zijin Mining have announced positive earnings forecasts for 2025, with Chifeng Gold expecting a net profit of 3 to 3.2 billion yuan, a year-on-year increase of 70% to 81%, and Zijin Mining projecting a net profit of 51 to 52 billion yuan, a year-on-year increase of 59% to 62% [6][7] - Chifeng Gold's expected gold production for 2025 is approximately 14.4 tons, with sales prices rising by about 49%, while Zijin Mining plans to produce 105 tons of gold, 120,000 tons of copper, 12,000 tons of lithium carbonate, and 520 tons of silver in 2026 [7]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - In 2026, due to high - speed consumption growth, lithium carbonate is expected to shift from an oversupply situation to a tight - balance pattern. The smooth release of supply is likely under high - profit conditions, and attention should be paid to the actual realization of consumption [4][55]. - If the consumption end exceeds expectations and the supply end encounters force majeure, the short - term supply - demand may be tight. There is a high possibility of inventory accumulation in the first half of next year. If consumption fails to meet expectations, the price may correct and return to the cost - pricing model. If consumption continues to exceed expectations and supply - side production falls short of expectations in the second half of the year, the lithium carbonate price is expected to strengthen further [4][55]. - It is expected that the lithium carbonate futures price will range from 80,000 to 150,000 yuan per ton in 2026. As the overall industry oversupply narrows, the price center may rise, and the overall fluctuation range remains large [4][55]. Group 3: Summary by Directory Chapter 1: Review of Lithium Carbonate Trends in 2025 - In 2025, lithium carbonate first declined and then rose. Before the mid - year, the price hit a low of 58,000 yuan per ton. After the mid - year, with the "anti - involution" policy and unexpected demand growth, the price accelerated upwards and reached 120,000 yuan per ton at the end of the year [7]. - From March to May, after the Spring Festival, the resumption of production at the Jiaxiaowo Mine, the decline in overseas Australian ore guide costs, and weak consumption led to inventory accumulation and bottom - building of the futures price [7]. - From May to July, under the "anti - involution" background, policies from the State Council and the Ministry of Industry and Information Technology drove the futures price out of the bottom [8]. - In mid - and early August, the shutdown of the Jiaxiaowo Mine and the mining license issues of 8 mines in Jiangxi disturbed the market, causing the futures price to soar [8]. - From late August to mid - October, inventory gradually decreased, but high inventory suppressed the price, and trading sentiment faded [8]. - From late October to the end of the year, supply disruptions and a surge in energy - storage demand led to a significant shortage in supply - demand, and the futures price exceeded 120,000 yuan per ton [9]. Chapter 2: Outlook for the Domestic Macroeconomic Situation 2.1 The Beginning of the 15th Five - Year Plan: Stabilize Growth and Expand Domestic Demand - In 2026, economic growth will be emphasized more. Policy strength is expected to be between that after September 2024 and that from July 2025 to the present [15]. 2.2 Policy: Fiscal Policy as the Mainstay and Monetary Policy as a Supplement - Fiscal policy will continue to be "more proactive", with a deficit rate of about 4% and a deficit scale of about 5.9 trillion yuan. Special bond quotas are expected to be set at 4.5 - 5 trillion yuan. Fiscal policy will shift from "scale expansion" to "efficiency improvement" [17]. - Monetary policy will maintain a "moderately loose" tone but be more cautious in operation. There will be at least one round of reserve - requirement ratio cuts and interest - rate cuts in 2026, with a reserve - requirement ratio cut of 0.25 - 0.5 percentage points and an interest - rate cut of 10 - 20 BP [17]. 2.3 The Possibility of Spill - over Risks in the Real Estate Market Has Significantly Decreased - In 2025, there were no strong national real - estate policies. The change in policy statements may indicate a shift in policy priorities and a change in risk positioning for the real - estate market [21]. 2.4 The "Anti - Involution" Policy May Enter the Implementation Stage - The "anti - involution" policy may enter the implementation stage in 2026, but the public - opinion enthusiasm may decrease, and policies will have priorities [23]. Chapter 3: Sufficient Production Capacity, and the Rising Lithium Price Center Stimulates Supply Elasticity 3.1 Lithium Carbonate Production Capacity Remains Sufficient - In 2025, the overseas supply structure was significantly differentiated. Global lithium carbonate production - capacity layout is accelerating towards Western Australia, South America, and Africa. By the end of 2025, global lithium carbonate smelting capacity exceeded 2 million tons, with domestic capacity exceeding 1.5 million tons [25][26]. - In 2026, it is expected to be the last peak of this round of production - capacity expansion cycle, with new and upcoming projects having a total capacity of over 160,000 tons. Global lithium resource supply is expected to grow by about 30% [24]. 3.2 Slight Increase in Imports, with Significant Growth in Argentina This Year - In October 2025, China's lithium carbonate import volume was 23,800 tons, a month - on - month increase of 21.9% and a year - on - year increase of 3.0%. From January to October, the import volume was 196,900 tons, a year - on - year increase of 4.9%. Imports from Argentina increased significantly [32]. 3.3 The Continuous Growth of Domestic Production Is Mainly Driven by Spodumene - In October 2025, China's lithium carbonate production was 92,300 tons, a month - on - month increase of 5.7% and a year - on - year increase of 54.6%. From January to October, the cumulative output was 776,000 tons, a year - on - year increase of 43.2%. The main driving force for production growth was spodumene [35]. 3.4 The Growth Rate of Lithium Ore Imports Is Slow, while Domestic Ore Production Continues to Increase Significantly - In September 2025, China's lithium concentrate import volume was 521,000 tons, a month - on - month increase of 10.6% and a year - on - year increase of 38%. From January to September, the import volume was 4.37 million tons, a year - on - year increase of 3.4%. In October, China's lithium ore production was 20,050 tons LCE, a month - on - month increase of 0.5% and a year - on - year increase of 20.2% [37][38]. Chapter 4: Strong Consumption Expectations, Attention to Realization 4.1 Strong Domestic Consumption Demand, with a Faster Energy - Transition Pace than the Global Average - In 2025, China's total lithium carbonate consumption was about 520,000 tons LCE, accounting for 76% of global demand. The Yangtze River Delta, the Pearl River Delta, and the Chengdu - Chongqing Economic Circle were the main consumption areas [41]. - In the domestic lithium carbonate consumption structure in 2025, power batteries accounted for about 74%, and energy - storage accounted for 18%, indicating a faster energy - transition pace than the global average [42]. 4.2 Power Batteries Remain Dominant, and the Proportion of Energy - Storage Continues to Increase - In 2025, in the global lithium carbonate demand structure, power batteries remained dominant, but the proportion of energy - storage and other emerging fields continued to increase. The demand for lithium carbonate from power batteries decreased from 82% in 2023 to 78% in 2025, while the energy - storage proportion increased from 11% to 15% [45]. 4.3 Lithium Iron Phosphate Has Become the Main Source of Growth in Lithium Carbonate Consumption - In 2025, lithium iron phosphate accounted for 82% of the demand in the downstream material structure of lithium carbonate, becoming the main source of growth in lithium carbonate consumption. The demand proportion of ternary materials decreased to 13%, and the combined proportion of lithium manganate and lithium cobaltate was less than 5% [48]. Chapter 5: The Marginal Impact of Cost Reduction Weakens, and the Price Gradually Moves Away from the Bottom - The cost range of lithium carbonate is large. The cost of using salt - lake production is the lowest, at 30,000 - 50,000 yuan per ton. The cash cost of self - owned mine enterprises is 40,000 - 60,000 yuan per ton, and the cost of externally purchased ore is about 60,000 - 80,000 yuan per ton. The cost of the recycling end is the highest, about 100,000 - 200,000 yuan per ton [50]. - In 2026, the global lithium ore market is still in an oversupply situation, but the degree of oversupply has narrowed. The industry cycle is expected to shift from oversupply to tight - balance, and the price of lithium ore is unlikely to fall to the 2025 low [50]. Chapter 6: Outlook for the Lithium Carbonate Price Trend in 2026 - In 2026, due to high - speed consumption growth, lithium carbonate is expected to shift from an oversupply pattern to a tight - balance pattern. The smooth release of supply is likely under high - profit conditions. Attention should be paid to the actual realization of consumption [4][55]. - If consumption exceeds expectations and supply encounters force majeure, short - term supply - demand may be tight. There is a high possibility of inventory accumulation in the first half of the year. If consumption fails to meet expectations, the price may correct. If consumption continues to exceed expectations and supply - side production falls short of expectations in the second half of the year, the price is expected to strengthen [4][55]. - It is expected that the lithium carbonate futures price will range from 80,000 to 150,000 yuan per ton in 2026, with a rising price center and large fluctuations [4][55].

Report Industry Investment Rating No relevant information provided. Core Views of the Report - From a fundamental perspective, the lithium carbonate market in 2026 is expected to show a tight - balance pattern with strong supply and demand. The supply side will have a clear division in regions and resource types, with domestic growth led by salt - lake lithium extraction and overseas by ore - based lithium projects. The demand side will be driven by the booming energy - storage market and the rapid increase in the penetration rate of new - energy heavy trucks, along with the stable growth of new - energy vehicle production and sales [2]. - From a technical perspective, given the previous sharp rise and overall bullish market sentiment, the possibility of a rapid and reverse decline in lithium carbonate prices is low. The current price is close to the first important high after the rebound following the decline of lithium carbonate futures, and it may take time to break through this level [2]. Summary by Relevant Catalogs 2025 Lithium Carbonate Trend Analysis: V - shaped Reversal - In 2025, the lithium carbonate market showed a typical V - shaped trend, divided into a unilateral decline from January to June due to weak industry fundamentals and external policy shocks, and an upward - trending period after late June driven by policies and events [5]. - From January to June, the market was in a state of structural oversupply, with downstream new - energy vehicle growth slowing and energy - storage demand under - performing. Social inventory reached 96,000 tons by the end of April, the highest since 2021. After April, the market accelerated its decline due to the US tariff policy, and prices dropped below the break - even point [6]. - After late June, the market rebounded. In July, the "anti - involution" policy boosted sentiment. From late July to September, supply - side events strengthened the expectation of supply contraction, and prices first rose and then fell. After the National Day, the booming energy - storage demand drove prices above 100,000 yuan/ton, and in early December, a new round of upward trend began [7]. Lithium Carbonate Supply Side Capacity and Production - In 2026, the global new lithium carbonate production capacity is expected to be about 30 - 330,000 tons LCE, with a clear division in regions and resource types. Domestic capacity growth will mainly come from salt - lake lithium extraction, while overseas growth will be mainly from ore - based lithium projects. The actual capacity release depends on the price of lithium carbonate [9]. - In 2025, domestic lithium carbonate production increased strongly, with a cumulative output of 871,200 tons from January to November, a year - on - year increase of 44%. The growth was mainly driven by spodumene - based lithium extraction. In 2026, the domestic supply structure is expected to be further optimized, with salt - lake lithium extraction as the key incremental source, but the actual supply release still faces uncertainties [11][12]. Import - At the end of 2025, China's lithium carbonate imports remained stable, with an annual total of about 2.5 million tons. Imports from Argentina increased by 56%, while those from Chile decreased by 17%. In 2026, the import pattern is expected to shift from South - American dominance to diversified supply, with the total import volume expected to be between 2 - 2.5 million tons, but the growth rate may slow [14]. Inventory - Since August 2025, domestic lithium carbonate inventory has been continuously decreasing. In 2026, the market is expected to show a pattern of "both supply and demand increasing, with a tight balance", and the inventory center is expected to move down further and may show seasonal fluctuations [16]. Demand Side Energy Storage - From January to October 2025, the domestic energy - storage winning - bid capacity reached 148GWh, a year - on - year increase of 39%. In 2026, the energy - storage cell shipment is expected to reach 850GWh, and the annual demand for lithium carbonate in this field is expected to increase by more than 162,000 tons LCE. The global energy - storage demand is expected to grow at a compound annual growth rate of 30% - 40% in 2026, with China contributing more than 40% [19]. New - energy Vehicles - From January to October 2025, China's new - energy vehicle market grew strongly, with production and sales increasing by more than 30% year - on - year, accounting for 46.7% of the total new - vehicle sales. Exports reached 2.65 million vehicles, a year - on - year increase of 54%. In 2026, new - energy vehicle production and sales are expected to continue to grow, driving up the demand for lithium carbonate [22][23]. New - energy Heavy Trucks - In 2025, the new - energy heavy - truck market in China grew strongly, with cumulative sales of 1.0423 million vehicles in the first 11 months, a year - on - year increase of 27%. In 2026, the market is expected to enter a stable development stage at a high level, and the penetration rate of new - energy heavy trucks is expected to exceed 30%, even reaching 35% - 40%, which will support the demand for lithium carbonate [24]. Cost Side - As of December 29, the forward spot price of Australian spodumene (5.5% - 6%) was $1680/ton, and the price of lithium - mica concentrate (2% - 2.5%) was 1850 yuan/ton, with monthly increases of over 45%. The weighted cost of lithium carbonate is about 82,000 yuan/ton, which further strengthens the bottom support [28][29]. Summary - The environmental rectification and shutdown of Jiangxi's mica mines in 2025 was the key turning point for the lithium carbonate market from oversupply to tight balance. In 2026, the core contradiction in domestic supply lies in the resumption rhythm and intensity of lithium - mica mines in Jiangxi. Meanwhile, the explosive growth of energy - storage demand requires close tracking of policy implementation and actual demand fulfillment [3][30]. - Historically, the probability of price increases in the second half of the year is higher than in the first half. However, the market may show two scenarios in 2026, especially in the first half: either range - bound at the current high level or form a double - top pattern and then enter an adjustment phase. The depth and timing of subsequent corrections depend on the resumption progress of leading manufacturers and the actual fulfillment of energy - storage demand [3][30].

Core Viewpoint - The Ministry of Natural Resources reports significant achievements in China's mineral exploration strategy during the 14th Five-Year Plan, with a focus on key mineral types and the discovery of new large oil and gas fields [1] Group 1: Mineral Discovery Achievements - During the 14th Five-Year Plan, China discovered 10 large oil fields and 19 large gas fields, with substantial increases in uranium, copper, gold, lithium, and potassium salt resources [1] - The Dadonggou gold mine in Liaoning has a proven resource of 1,444.49 tons [1] Group 2: Future Plans and Regulations - In 2026, China will continue a new round of mineral exploration strategy actions and implement a special rectification for "circle but not explore" practices, cracking down on illegal mining of strategic mineral resources [1] - The 15th Five-Year Plan will focus on improving the coordination of exploration, production, supply, reserve, and sales of strategic mineral resources, enhancing safety risk monitoring and early warning systems [1] Group 3: Market Performance - Since the end of the New Year holiday, the non-ferrous metal sector has seen a significant rise, with the industry index increasing by 6.98% over two trading days [1] - 16 stocks, including Tianli Composite, Hunan Silver, and China Aluminum, have recorded cumulative gains of over 10% [1] - As of December 2025, the non-ferrous metal industry has seen a net financing inflow of 10.97 billion yuan, ranking fourth among all industries [1] - Major companies such as Zijin Mining, Ganfeng Lithium, Western Materials, China Uranium, Tianqi Lithium, and Xingye Silver Tin have each received net financing inflows exceeding 500 million yuan [1]

Market Overview - The Hong Kong stock market indices showed strong performance, with the Hang Seng Index rising by 1.38% to close at 26,710.45 points, and a total trading volume of HKD 291.76 billion [1] - The Hang Seng Tech Index increased by 1.46%, closing at 5,825.26 points, indicating a positive sentiment in the technology sector [1] Blue Chip Performance - China Hongqiao (01378) led the blue-chip stocks, rising by 6.14% to HKD 35.26, contributing 10.84 points to the Hang Seng Index [2] - Other notable performers included JD Health (06618) up 5.41%, Ping An Insurance (02318) up 4.96%, while Alibaba (09988) fell by 1.31% [2] Sector Highlights - The capital market is heating up, with financial stocks, particularly Chinese brokerage firms, showing significant gains. For instance, Jiufang Zhitu (09636) surged by 18.84% [3] - The non-ferrous metals sector performed strongly, with notable increases in Aluminum Corporation of China (02068) up 8.05% and Zhaojin Mining Industry (01818) up 7.29% [4] Commodity Trends - Commodities such as gold, silver, and copper have seen rising futures prices, driven by geopolitical tensions and supply constraints [5] - The aluminum market is particularly affected by supply threats, with prices expected to remain high due to production risks [5] Autonomous Driving Sector - The autonomous driving sector is gaining traction, with companies like Zhejiang Shibao (01057) rising by 21.53% following announcements from NVIDIA regarding advancements in self-driving technology [6] - NVIDIA's new AI platform is expected to stimulate demand for autonomous taxis, supporting global economic growth [6] Commercial Aerospace Developments - The commercial aerospace sector is experiencing growth, with companies like JunDa Co. (02865) rising by 8.01% due to recent developments in the industry [6] - The acceleration of the commercialization of space is anticipated to enhance the performance and valuation of related companies [6] Notable Stock Movements - Xindong Company (02400) increased by 6.04% after announcing a significant share buyback plan worth HKD 400 million [7] - Hesai Technology (02525) rose by 5.9% after being selected as a lidar partner for NVIDIA's platform and announcing plans to double production capacity [8] - Cathay Pacific (00293) faced pressure, declining by 2.6% due to a share placement by China National Aviation [9]

Group 1: Insurance Sector - The insurance sector continues to rise, with China Ping An (02318) up 5.17%, New China Life (01336) up 4.14%, China Life (02628) up 4.83%, and China Pacific Insurance (02601) up 3.29%. The National Financial Regulatory Administration reported that the insurance industry achieved a total premium income of 57,629 billion yuan, a year-on-year increase of 7.6% for the first 11 months of 2025 [1][2]. Group 2: Hydrogen Energy - Guofu Hydrogen Energy (02582) saw a rise of over 7.2% after announcing the delivery of a total of 424 sets of vehicle-mounted high-pressure hydrogen supply systems to clients, which will be used in fuel cell buses in Guangzhou [1]. Group 3: Coal Sector - Coal stocks collectively rose, with China Coal Energy (01898) up 4.33%, Yanzhou Coal Mining (01171) up 3.18%, and China Shenhua Energy (01088) up 2.31%. Since late November, port thermal coal prices have been on a downward trend, dropping from a high of 834 yuan/ton to a low of 670 yuan/ton, before rebounding on December 31, increasing by 8 yuan/ton to 678 yuan/ton [1]. Group 4: Solar Energy and AI - Junda Co., Ltd. (02865) increased by over 6.1% following a report from Guotai Junan that Elon Musk proposed a plan to deploy 100GW of solar AI satellites annually, driving demand for space photovoltaic technology [1]. Group 5: Lithium Mining - Lithium stocks were active, with Ganfeng Lithium (01772) up 4.22% and Tianqi Lithium (09696) up 2.85%. After breaking through the 130,000 yuan/ton mark, lithium carbonate futures surged over 8%, reaching a high of 137,760 yuan/ton [2]. Group 6: Real Estate Sector - Domestic real estate stocks continued to rise, with Beike-W (02423) up 3.44%, Longfor Group (00960) up 5.24%, China Jinmao (00817) up 5.34%, and China Resources Land (01109) up 3.64%. An article published in "Qiushi" magazine emphasized the need to improve and stabilize expectations in the real estate market [2]. Group 7: Baby Products - Different Group (06090) rebounded by over 34.99%. According to a report from China Merchants Securities, the company is positioned as a mid-to-high-end baby products brand with strong product development and channel expansion capabilities, targeting middle-class and high-net-worth consumers [3]. Group 8: Mining Sector - Zijin Mining (02899) rose nearly 6%, reaching a historical high. The company recently announced an annual profit forecast of 51 to 52 billion yuan, an increase of approximately 18.9 to 19.9 billion yuan compared to the previous year's profit of 32.051 billion yuan, representing a year-on-year growth of about 59% to 62% [3]. Group 9: U.S. Stock Market - The Dow Jones Industrial Average broke through 49,000 points, rising 1.3%, with major U.S. bank stocks reaching historical highs. Goldman Sachs (GS.US) rose 3.73%, JPMorgan Chase (JPM.US) rose 2.63%, and Morgan Stanley (MS.US) rose 2.55%. The U.S. ISM reported that the manufacturing PMI fell to 47.9 in December, below the expected 48.4 [4]. Group 10: Precious Metals - U.S. precious metal stocks collectively strengthened, with Hecla Mining (HL.US) up 4.56% and Barrick Gold (B.US) up 3.77%. Spot gold surged 2.5%, reclaiming the $4,400 mark, while spot silver rose 5%, surpassing $76 [4]. Group 11: AI and Technology - Datavault AI (DVLT.US) surged 42.57%, with a cumulative increase of 180% over three trading days after signing a procurement agreement with AP Global Holdings LLC for infrastructure and cybersecurity services [5]. Group 12: Bitcoin and Related Stocks - Bitcoin briefly reached the $93,000 mark, with related stocks rising, including Strategy (MSTR.US) up 4.81% and Coinbase (COIN.US) up 7.77% [6]. Group 13: Oil Sector - Oil stocks saw significant pre-market gains, with Chevron (CVX.US) up 5.1% and ConocoPhillips (COP.US) up 2.59%. Reports indicated that the U.S. had captured Venezuelan President Maduro through military action, leading to a strong performance in oil and gas services [7].