前10大未平仓空仓比 | 股票名称 | 前次空仓数 | 本次空仓数 | 最新空仓比↓ | | --- | --- | --- | --- | | 中远海控(01919) | 5.26 亿股 | 5.20 亿股 | 18.86% | | 宁德时代(03750) | 2605.32 万股 | 2600.64 万股 | 16.68% | | 中国平安(02318) | 11.52 亿股 | 11.53 亿股 | 15.48% | | 舜宇光学科技(02382) | 1.64 亿股 | 1.64 亿股 | 15.24% | | 东方电气(01072) | 6239.12 万股 | 6166.94 万股 | 15.12% | | 中兴通讯(00763) | 1.10 亿股 | 1.10 亿股 | 14.53% | | 万科企业(02202) | 3.14 亿股 | 3.13 亿股 | 14.16% | | 紫金矿业(02899) | 8.00 亿股 | 8.08 亿股 | 13.50% | | 恒瑞医药(01276) | 3468.60 万股 | 3439.41 万股 | 13.32% | | 药明康德(02359) ...

智通财经2月27日讯（编辑 冯轶）今日港股2月行情正式收官。据Wind数据显示，2月南向资金累计净流入约905.75亿港元，为近3个月以来的单月新高。 需要指出的是，考虑到春节假期影响，本月港股通仅有14个交易日，日均流入达64.69亿港元，环比1月增长近9成，实际呈现爆发式流入。 其中，有5个交易日单日净买入规模超过百亿，且频频刷新阶段性纪录。 可以看到，尽管港股大市行情2月震荡走弱，但在恒指中枢下移过程中，南向资金仍在主动加仓。 | | 南向资金2月流向 | | | --- | --- | --- | | 所属行业 | 净买卖金额(亿) | 占行业总市值 | | 资讯科技业 | 393.72 | -1.1 | | 非必需性消费 | 211.96 | -1.04 | | 地产建筑业 | 99.4 | 0.35 | | 要鄙亦 | 97.62 | 0.95 | | 能源业 | 61.57 | 0.75 | | 必用事业 | 26.96 | 50'0 | | 工业 | 26.06 | 0.46 | | 医疗保健业 | 18.04 | -0.5. | | 综合企业 | 1.82 | 0.01 | | 必需性消费 ...

Core Viewpoint - Zimbabwe's sudden ban on all raw mineral and lithium concentrate exports has triggered a significant market reaction, with lithium carbonate futures surging over 11% to exceed 160,000 yuan/ton, indicating a potential new cycle in the lithium market driven by supply disruptions and surging demand from energy storage batteries [1][2][3]. Supply Side - The ban from Zimbabwe is expected to have a short-term impact, with current compliant export capacity limited to 25,000 tons of lithium carbonate equivalent (LCE) in 2026, increasing to 60,000 tons in 2027 [3][5]. - The global lithium supply is projected to be approximately 202,000 tons of LCE in 2026, with demand expected to reach around 201.7 million tons, indicating a tight supply-demand balance [22]. - The recovery of lithium production in Australia is anticipated to take at least a quarter, with many projects still in the planning stages, which limits immediate supply response to rising prices [8][12]. Demand Side - The demand for lithium is increasingly driven by energy storage, with global shipments of storage batteries expected to reach 900 GWh in 2026, translating to a demand for approximately 540,000 tons of LCE, a 50% year-on-year increase [16][18]. - Despite a temporary slowdown in demand for power batteries due to policy changes, the overall demand for lithium is expected to rebound significantly in 2026, with projections of 1.9 million electric vehicles sold in China, a 15.2% increase year-on-year [16][18]. Pricing Dynamics - The current low inventory levels, with social stocks of lithium carbonate dropping to around 10,300 tons, have significantly amplified price elasticity, leading to a market that is trading on "shortage driven by restocking" rather than waiting for supply-demand equilibrium [18][24]. - The pricing logic in the lithium market is shifting from "current period looseness" to "future period tightness," as financial attributes of lithium are becoming more pronounced, with market participants pricing in future scarcity [25][26]. Geopolitical Factors - The emergence of a "Lithium OPEC" in South America, involving Argentina, Bolivia, and Chile, aims to regain pricing power over lithium resources, which could further complicate supply dynamics [6][7]. - Geopolitical and policy variables, such as nationalization efforts in Chile and Mexico's strategic designation of lithium, are expected to layer additional pricing options that could influence market dynamics over time [6][7]. Future Outlook - Analysts predict that lithium carbonate prices could exceed 200,000 yuan/ton in the short term, supported by low inventory, concentrated supply disruptions, and the upcoming demand peak [26]. - The long-term outlook remains uncertain, with differing views on whether prices above 200,000 yuan/ton will be sustainable or if they represent a temporary window before supply increases catch up [26].

产业上下游影响分化 本报记者 冯雨瑶 2026年开年以来，铜价持续高位运行。生意社数据显示，截至2月26日，现货铜价最新为10.20万元/ 吨，同比增长32.51%。 供需错配支撑铜价上行 对于驱动铜价上涨的因素，上海钢联铜事业部分析师曾健辉告诉记者："其一是供应的扰动为铜价提供 了上涨的逻辑支撑，铜精矿供应偏紧；其二是需求导向，传统领域需求不减，另外新能源、AI智能电 气化等对于铜消费又存在强预期；其三地缘政治冲突使得市场避险情绪升温，贵金属大幅上涨，带动铜 的避险属性。" 摩根大通最新预测，2026年全球铜市场将出现13万吨供应缺口，工业金属供需格局迎来关键转向。作为 新能源、电网、AI算力与高端制造的核心原材料，铜的短缺将直接抬升价格中枢，重塑产业链利润分 配，国内具备资源与产能优势的铜业龙头将显著受益。 供给端刚性约束是缺口形成的核心原因。据了解，全球铜矿勘探开发周期长达5年至8年，过去十年矿企 资本开支偏低，新增产能释放缓慢；主力矿山品位持续下滑、产区地缘扰动频发，进一步压制供给弹 性。国金证券报告指出，2025年铜矿产量指引多次下调，2026年预计增量有限。 而反观需求端，AI数据中心等正成为拉动 ...

紫金矿业 20260226 摘要 持"矿业为主导"，以"提质、上产、控本、增效"为总方针；相较过去几年 强调"提质、控本、增效"，在当前金属价格较为合适的前提下，将"上产" 明确纳入新的总方针，并对主要矿产品产量规划指标进行了小幅上调。2026 年指引与前期变化不大：矿产金预计 105 吨，矿产铜预计 120 万吨，当量碳 酸锂预计约 12 万吨，其中当量碳酸锂由 2025 年的 2.5 万吨提升而来，主要源 于多个项目逐步放量。到 2028 年的三年规划目标为：矿产金约 130 至 140 吨， 矿产铜约 150 至 160 万吨，当量碳酸锂约 27 至 32 万吨；同时还包括矿产银、 铅锌，以及正在逐步开发和投产的矿产钼。2035 年远景目标是在三年规划基 础上实现更明显的跨越式增量，力争公司主要技术与经济指标较 2025 年实现 跨越式增长，部分指标达到全球首位，全面建成"绿色、高技术、超一流的国 际矿业集团"。 2026 年当量碳酸锂 12 万吨的产量目标如何拆分到具体项目，并进一步对应 到 2028 年 27 至 32 万吨的项目构成与节奏安排是什么？ 2026 年当量碳酸锂规划产量约 12 万吨。 ...

来源：新浪基金∞工作室 2月27日，有色ETF华安（512940）开盘跌0.78%，报1.022元。有色ETF华安（512940）重仓股方面，紫 金矿业开盘跌0.43%，洛阳钼业跌0.35%，北方稀土涨0.05%，华友钴业跌1.14%，中国铝业跌0.82%，中 金黄金跌0.23%，山东黄金涨0.71%，赣锋锂业跌2.00%，兴业银锡跌1.04%，厦门钨业涨0.00%。 有色ETF华安（512940）业绩比较基准为中证有色金属矿业主题指数收益率，管理人为华安基金管理有 限公司，基金经理为许之彦，成立（2026-02-04）以来回报为3.32%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 ...

| 公司名称 | 持股数量 | 最新持股比例 | | --- | --- | --- | | 昊天国际建投(01341) | 79.97亿股 | 72.06% | | 中国电信(00728) | 99.05亿股 | 71.36% | | 南方恆生科技(03033) | 107.14亿股 | 70.17% | | 绿色动力环保(01330) | 2.79亿股 | 68.91% | | 天津创业环保股份(01065) | 2.29亿股 | 67.21% | | 凯盛新能(01108) | 1.67亿股 | 66.60% | | 中国神华(01088) | 22.39亿股 | 66.28% | | 钧达股份(02865) | 0.53亿股 | 64.82% | | 中远海能(01138) | 8.35亿股 | 64.45% | | 广汽集团(02238) | 17.73亿股 | 62.99% | | 大眾公用(01635) | 3.32亿股 | 62.28% | | 昭衍新药(06127) | 0.74亿股 | 62.16% | | 弘业期货(03678) | 1.50亿股 | 60.21% | | 中州证券(01 ...

| 股票名称 | 沽空金额↓ | 沽空比率 | 偏离值 | | --- | --- | --- | --- | | 阿里巴巴-W(09988) | 15.03 亿元 | 10.51% | -2.02% | | 中国平安(02318) | 13.20 亿元 | 32.00% | 3.87% | | 腾讯控股(00700) | 8.92 亿元 | 6.75% | -1.56% | | 汇丰控股(00005) | 7.71 亿元 | 17.54% | -1.77% | | 美团-W(03690) | 7.60 亿元 | 23.38% | 1.92% | | 小米集团-W(01810) | 6.98 亿元 | 16.03% | -5.75% | | 新鸿基地产(00016) | 5.85 亿元 | 45.19% | 6.30% | | 紫金矿业(02899) | 5.73 亿元 | 23.75% | 4.90% | | 宁德时代(03750) | 5.49 亿元 | 27.70% | 3.43% | | 友邦保险(01299) | 5.41 亿元 | 24.00% | 5.57% | 前十大沽空偏离值排行 | 股票名 ...

智通财经APP获悉，2月26日,南方恒生科技（03033）、美团-W（03690）、小米集团-W（01810）南向 资金净流入金额位列市场前三，分别净流入15.56 亿、4.48 亿、4.36 亿 | 郑州银行(06196) | 98.87% | 708.35 万 | 1.080（-0.92%） | | --- | --- | --- | --- | | 沧港铁路(02169) | 93.24% | 186.13 万 | 0.630（0.00%） | | 中国船舶租赁(03877) | 81.65% | 4173.37 万 | 2.480（-0.40%） | | 范式智能(06682) | 79.45% | 1.43 亿 | 40.000（-0.79%） | | 心动公司(02400) | 77.09% | 1.28 亿 | 75.550（-2.89%） | | 中国信达(01359) | 68.99% | 3517.22 万 | 1.270（-1.55%） | 前10大资金净流入榜 | 股票名称 | 净流入(元)↓ | 净流入比 | 收盘价 | | --- | --- | --- | --- | | 南方恒 ...

Core Viewpoint - Zimbabwe's sudden ban on lithium ore and concentrate exports has created significant disruptions in the global lithium supply chain, affecting nearly 20% of China's lithium raw material supply and potentially leading to a supply gap of approximately 14,000 to 15,000 tons of lithium carbonate equivalent per month starting in May 2026 [1][3][4]. Group 1: Impact of Zimbabwe's Ban - Zimbabwe's Ministry of Mines announced an immediate suspension of all lithium ore and concentrate exports, including shipments already at sea, to strengthen mineral regulation and promote domestic processing [1][3]. - In 2025, China imported 7.75 million tons of lithium concentrate, with 1.2 million tons (19%) coming from Zimbabwe, highlighting the critical role of Zimbabwe in China's lithium supply [3]. - The ban is expected to lead to a significant increase in lithium prices, with domestic carbonate lithium futures prices surging to over 171,440 yuan per ton, reflecting a nearly 17% increase in just two trading days [4]. Group 2: Market Reactions and Opportunities - The immediate market reaction saw a spike in lithium prices, with the benchmark price for battery-grade lithium carbonate reaching 162,000 yuan per ton, an increase of over 8% since the beginning of the month [4]. - Companies with integrated mining and processing capabilities in Zimbabwe are positioned to benefit from the ban, as they can still apply for export licenses while others face supply constraints [6]. - A total of 13 domestic companies with lithium carbonate production or lithium mining resources are now in the spotlight, with 7 of them forecasting significant profit increases for 2025 [7]. Group 3: Company Profiles and Strategies - The first tier of companies, termed "ban immune," includes Huayou Cobalt, which has established deep processing capacity in Zimbabwe and is set to produce lithium sulfate, allowing it to circumvent the export ban [9]. - Zhongjin Lingnan has a strong position with its control over the Bikita lithium mine, which allows it to apply for export licenses despite the ban, and it has a stockpile of 150,000 tons of lithium concentrate to buffer against short-term export restrictions [11]. - The second tier includes resource giants like Ganfeng Lithium, which has diversified global resources and is expected to see a significant increase in production from 200,000 tons to 500,000 tons by 2026, benefiting from rising lithium prices [11][13]. Group 4: Long-term Industry Implications - The ban is prompting a reevaluation of companies with overseas resources, local processing capabilities, or stable domestic sources, as their strategic value is being reassessed in the market [17]. - The surge in lithium carbonate futures and the rising stock prices of lithium mining companies reflect this market reassessment and the potential for long-term growth in the sector [17].