Group 1 - Hong Kong gold stocks showed strong performance at the beginning of trading, with Lingbao Gold rising over 6% [1] - Datang Gold experienced an increase of over 10% [1] - Other companies such as China Gold International and Shandong Gold also saw gains [1]

每经AI快讯，1月21日，港股黄金股走强。截至发稿，招金矿业(01818.HK)涨4.35%、紫金黄金国际 (0225.HK)涨3.21%、山东黄金(01787.HK)涨3.07%。 ...

Group 1 - Gold prices have reached record highs, with silver prices also nearing historical peaks, driven by increased demand for safe-haven assets due to the worsening Greenland crisis and a collapse in Japanese government bonds [1] - The Polish central bank has approved a plan to purchase up to 150 tons of gold, which will increase the country's total gold reserves to 700 tons, positioning Poland among the top 10 countries globally in terms of gold reserves [1] - UBS precious metals strategist Joni Teves indicated that diversification demand is the core driver of the current rise in gold prices, with institutional investors, retail investors, and central banks increasing their gold holdings to address macroeconomic uncertainties [2] Group 2 - Teves expects gold prices to have upward momentum in the first half of the year, potentially reaching $5,000 per ounce if concerns about the independence of the Federal Reserve continue to rise [2] - Silver is anticipated to benefit from the rise in gold prices and its own narrowing supply-demand gap, with a possibility of challenging $100 per ounce this year [2] - The copper market is expected to tighten due to demand driven by energy transition, leading to an upward shift in price levels [2] Group 3 - Related Hong Kong stocks in the gold and precious metals sector include Zijin Mining International, Chifeng Jilong Gold Mining, Shandong Gold Mining, Zhaojin Mining Industry, Lingbao Gold Company, Tongguan Gold, China Gold International, China Silver Group, and Mount Everest Gold [3]

Precious Metals Industry - Central banks worldwide are increasing their gold reserves to diversify risk, with China's central bank having increased its gold holdings for 14 consecutive months [1] - The global monetary easing expectations are rising, leading to a weaker dollar, which enhances the attractiveness of precious and non-ferrous metals priced in dollars [1] - The market for precious metals is expected to experience a broad rally starting in early 2026, characterized by a resonance between financial and industrial attributes [1] - Key players in the precious metals sector include Shandong Gold, Zijin Mining, Chifeng Jilong Gold Mining, and Guoyuan Platinum, all of which are focusing on optimizing production and expanding operations [3] Non-Ferrous Metals Industry - The demand for non-ferrous metals such as silver, copper, and aluminum is growing due to the rigid requirements from emerging industries like photovoltaics, electric vehicles, and AI servers [1] - The market dynamics for non-ferrous metals are changing, driven by both traditional infrastructure demand and new energy sectors [1] - Major companies in the non-ferrous metals sector include Luoyang Molybdenum, Northern Rare Earth, Huayou Cobalt, and Tin Industry Co., which are involved in mining, refining, and processing of various metals [4]

Group 1 - Gold prices have reached record highs, with silver prices also nearing historical peaks, driven by increased demand for safe-haven assets due to the worsening Greenland crisis and a collapse in Japanese government bonds [1] - The Polish central bank has approved a plan to purchase up to 150 tons of gold, which will increase the country's total gold reserves to 700 tons, positioning Poland among the top 10 countries globally in terms of gold reserves [1] - UBS precious metals strategist Joni Teves indicated that diversification demand is the core driver of the current rise in gold prices, with institutional and retail investors, as well as central banks, increasing their gold holdings to address macroeconomic uncertainties [2] Group 2 - Teves expects gold prices to have upward momentum in the first half of the year, potentially reaching $5,000 per ounce if concerns about the independence of the Federal Reserve continue to rise [2] - Silver is anticipated to benefit from the rise in gold prices and its own narrowing supply-demand gap, with a possibility of challenging $100 per ounce this year [2] - The copper market is expected to tighten due to demand from energy transition, leading to an upward shift in price levels [2] Group 3 - Related Hong Kong stocks in the gold and precious metals sector include Zijin Mining International, Chifeng Jilong Gold Mining, Shandong Gold Mining, Zhaojin Mining Industry, Lingbao Gold, Tongguan Gold, China Gold International, China Silver Group, and Mount Everest Gold [3]

Group 1 - The core viewpoint of the news is that the price of gold has surged, breaking the $4700 per ounce mark, reaching a new historical high of $4702.14 per ounce, with a 0.67% increase [1] - Short-term outlook for gold and silver remains bullish due to ongoing geopolitical risks and uncertainties surrounding the Federal Reserve's independence, as well as a physical shortage of silver [1] - The recent increase in precious metals is attributed to heightened risk aversion following the U.S. announcement of tariffs on European countries and the criminal charges against Federal Reserve Chairman Powell, which challenge the Fed's independence and impact the credibility of the dollar [1] Group 2 - Gold mining stocks have shown recovery, with Ji Hai Gold rising by 6.4% to HKD 1.33, Zijin Gold International increasing by 3% to HKD 175.2, China Gold International up by 1.57% to HKD 194.1, and Shandong Gold rising by 1.41% to HKD 43.14 [2]

Group 1: Gold Market Overview - In the first month of the new year, spot gold has increased by over 8%, rising more than $380 [1] - Major gold mining companies include Zijin Mining, Shandong Gold, and Zhongjin Gold, all of which have strong resource reserves and cost control capabilities [3] - Shandong Gold is noted for its high correlation with gold prices, indicating significant earnings elasticity [3] Group 2: Silver Market Overview - Silver resources are led by companies like Silver Mountain Mining, which has a silver reserve of 8,382 tons, ranking first in Asia [4] - Shengda Resources focuses on silver mining and refining, with 92% of its business in silver, showcasing strong profitability linked to silver prices [5] - Hunan Silver is the only listed company in China primarily focused on silver, with a full industry chain from mining to refining [7] Group 3: Platinum Group Metals - Companies like Zhongxin Metal and Guoyuan Platinum are involved in the recovery and production of platinum group metals, with significant future production expected [7] - The demand for palladium is anticipated to rise due to its use in automotive emissions control, benefiting companies that produce it as a byproduct [7] - GreenMei is a leader in the recycling of electronic and automotive waste, with a substantial capacity for recovering precious metals [7]

Core Viewpoint - The Hong Kong gold stocks are experiencing a rebound after hitting a low point, with notable increases in share prices for several companies [1] Company Performance - Jihai Gold (02489.HK) has risen by 6.4%, reaching HKD 1.33 [1] - Zijin Mining International (02259.HK) has increased by 3%, now priced at HKD 175.2 [1] - China Gold International (02099.HK) has seen a rise of 1.57%, with shares at HKD 194.1 [1] - Shandong Gold (01787.HK) has grown by 1.41%, trading at HKD 43.14 [1]

Group 1 - The core viewpoint of the news highlights a collective decline in Hong Kong's non-ferrous metal stocks, with significant drops observed in companies such as China Nonferrous Mining, China Aluminum, and China Hongqiao, among others [1] - The report mentions a strategy proposed by Bank of America, suggesting investment in non-AI tech stocks that benefit from the AI boom, focusing on sectors like electrification, infrastructure, and metals [1] - Bank of America identifies metals such as copper, silver, lithium, aluminum, and nickel as key beneficiaries of the growing demand driven by the restructuring of energy infrastructure across economies [1] Group 2 - Specific stock performance data shows China Nonferrous Mining down 7.26%, China Aluminum down 4.62%, and China Hongqiao down 4.60%, among others, indicating a broader trend of declines in the sector [2] - Other notable declines include Luoyang Molybdenum down 4.59%, Lingbao Gold down 4.29%, and Chifeng Jilong Gold down 4.09%, reflecting a significant downturn in the non-ferrous metal market [2] - The overall trend indicates that multiple companies in the non-ferrous metal sector, including Jiangxi Copper and Zijin Mining, experienced declines of over 3%, suggesting a challenging market environment [2]

减持后，Schroders PLC最新持股数目为4950.54万股，持股比例由5.30%下降至4.97%。 格隆汇1月20日丨根据联交所最新权益披露资料显示，2026年1月15日，山东黄金(01787.HK)遭Schroders PLC在场内以每股均价42.0027港元减持328.5万股， 涉资约1.38亿港元。 | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | --- | --- | --- | --- | --- | --- | | | 股份數目 | 泉内 | | | ( 請參閱上述 * 註 | | | | | | | 国 份自分比 | | Microsoft of the Parting Production of procession of program of the Property of Sun Property of Sund CS20260119E00028 | Schroders PLC | 1201(L) | 3.284.750(L) | HKD 42.0027 | 4 ...