异动分析 金属钴+金属镍+金属铜+小金属概念+黄金概念 1、本公司为全球第二大钴生产商，钴产品为氢氧化钴，于国际市场销售。 2、2025年半年报，本集团全资子公司洛钼控股与NewstrideLimited 签订股权转让协议，约定以 1,125.87 美元的对价受让沃源控股有限公司 ( 沃源控股 )100% 股份，从而间接取得沃源控股持有的华越镍钴 21% 股份。 2020 年 7 月 25 日，洛钼控股通过沃源控股认购华越镍钴新增注册资本的方式将对 华越镍 钴持有的股权增持至 30% 。沃源控股向华越镍钴派驻一名董事及一名监事，因具有重大影响，故作为 联营企业核算。 来源：新浪证券-红岸工作室 12月5日，洛阳钼业涨2.91%，成交额44.37亿元，换手率1.39%，总市值3940.83亿元。 洛阳钼业目前在新浪财经客户端A股市场人气排名第19名。 3、本公司属于有色金属采矿业，主要从事铜、钼、钨、钴、铌、磷等矿业的采选、冶炼、深加工等业 务，拥有较为完整的一体化产业链条，是全球前五大钼生产商及最大钨生产商、全球第二大钴、铌生产 商和全球领先的铜生产商，同时也是巴西境内第二大磷肥生产商。 4、公司主营业务为钼 ...

智通财经APP获悉，洛阳钼业(03993)午后涨超4%，截至发稿，涨4.09%，报18.86港元，成交4.47亿港 元。 行业层面，国金证券指出，节奏上2026年上半年有望迎来再通胀交易。在美联储历次软着陆降息后，铜 价与美国制造业PMI通常3-6个月企稳回升，本轮降息周期从9月18日降息算起，基本面复苏对应明年一 二季度。此外，在短期宏观偏逆风背景下，铜价之所以维持10500美金以上偏强震荡，价格韧性强于以 往降息后表现，核心支撑在于供给，因此，未来经济基本面好转后，铜价或迎来超越过往的价格弹性表 现。 消息面上，12月3日，富时罗素宣布对富时中国50指数、富时中国A50指数、富时中国A150指数、富时 中国A200指数、富时中国 A400指数的季度审核变更。其中，富时中国A50指数纳入洛阳钼业。本次变 更将于2025年12月19日星期五收盘后生效。瑞银此前指出，洛阳钼业2025年铜产量极有可能超越指引的 60万至66万吨，今年首三季已达54.3万吨，主要受惠于生产线技术升级及供电改善。管理层有信心2026 至27年产量将持续增长，并认为新增产量的贡献可持续。 ...

从业绩上来看，概念股前三季度盈利集体向好，翔鹭钨业、广晟有色扭亏为盈；其余5股归母净利润均 实现同比增长，洛阳钼业、湖南黄金、章源钨业增幅居前，分别为72.61%、54.28%、29.71%。 据数据宝统计，A股中，布局钨生产的个股共有7只，今日早盘集体上涨，平均涨幅达到2.02%，中钨高 新、翔鹭钨业、洛阳钼业涨幅居前，分别上涨3.82%、3.22%、2.85%。 随着钨制品价格持续上涨，概念股备受机构关注。统计显示，下半年以来，厦门钨业、中钨高新、章源 钨业3股获得机构扎堆调研，调研机构家数分别为275家、87家、52家。 ...

行业层面，国金证券指出，节奏上2026年上半年有望迎来再通胀交易。在美联储历次软着陆降息后，铜 价与美国制造业PMI通常3-6个月企稳回升，本轮降息周期从9月18日降息算起，基本面复苏对应明年一 二季度。此外，在短期宏观偏逆风背景下，铜价之所以维持10500美金以上偏强震荡，价格韧性强于以 往降息后表现，核心支撑在于供给，因此，未来经济基本面好转后，铜价或迎来超越过往的价格弹性表 现。 洛阳钼业（603993）(03993)午后涨超4%，截至发稿，涨4.09%，报18.86港元，成交4.47亿港元。 消息面上，12月3日，富时罗素宣布对富时中国50指数、富时中国A50指数、富时中国A150指数、富时 中国A200指数、富时中国A400指数的季度审核变更。其中，富时中国A50指数纳入洛阳钼业。本次变 更将于2025年12月19日星期五收盘后生效。瑞银此前指出，洛阳钼业2025年铜产量极有可能超越指引的 60万至66万吨，今年首三季已达54.3万吨，主要受惠于生产线技术升级及供电改善。管理层有信心2026 至27年产量将持续增长，并认为新增产量的贡献可持续。 ...

自由现金流ETF中证全指（561080）业绩比较基准为中证全指自由现金流指数收益率，管理人为华安基 金管理有限公司，基金经理为许之彦、王超，成立（2025-04-23）以来回报为23.58%，近一个月回报为 2.50%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 12月5日，截止午间收盘，自由现金流ETF中证全指（561080）涨0.73%，报1.243元，成交额292.18万 元。自由现金流ETF中证全指（561080）重仓股方面，中国海油截止午盘跌0.89%，美的集团涨0.11%， 格力电器跌0.54%，五粮液涨0.26%，中远海控跌0.40%，洛阳钼业涨2.85%，TCL科技涨2.06%，中国铝 业涨3.95%，顺丰控股涨0.37%，陕西煤业跌0.62%。 来源：新浪基金∞工作室 ...

Core Viewpoint - The gold concept sector leads the market with a rise of 1.3%, indicating strong investor interest in gold-related stocks [1] Group 1: Sector Performance - The gold concept sector has increased by 1.3% [1] - Notable performers include: - Xiaocheng Technology, which surged by 12.94% [1] - Jiangxi Copper, which rose by 3.99% [1] - Nanjing Mining Group, which increased by 3.15% [1] - Shengtun Mining, Luoyang Molybdenum, and Hebang Biotechnology, all of which saw gains exceeding 2% [1]

Group 1: Copper Price Surge - Copper prices have reached historical highs due to global supply tightness, explosive demand, and interest rate cut expectations, with domestic spot copper prices exceeding 90,000 yuan/ton for the first time [1][4] - On December 3, LME three-month copper closed at $11,487.50 per ton, marking a significant daily increase of $342.50 [1] - The tight supply in the domestic market has led to a rise in the net value of the China Securities Index Nonferrous Metals Mining Theme ETF [1] Group 2: Supply and Demand Dynamics - The processing fees for copper smelting have dropped to negative territory due to tight copper concentrate supply, causing smelting companies to struggle [2][8] - Fitch Solutions analysts predict a contraction in China's copper mine production by 2030 due to the closure of low-grade mines and delays in capacity expansion plans [2] - Global copper mine production is expected to decline by 0.12% in 2025, while demand continues to rise, particularly from sectors like solar energy and electric vehicles [5][6] Group 3: Market Trends and Future Outlook - The ongoing supply constraints and high demand are expected to lead to a substantial shortage of cathode copper in Asia, potentially triggering further price increases [7] - The TC/RC (treatment and refining charges) have fallen to historical lows, with the current spot price at -$43 per ton, indicating significant pressure on smelting companies [10] - Analysts expect that the growth rate of China's copper mine production will gradually slow down over the next decade, with a focus on overseas investments, particularly in Africa [13]

今年以来，洛阳钼业持续升级组织，提效管理，践行降本增效理念，业绩再创新高。 据其10月底发布的财报，今年前三季度，公司归母净利润达到142.80亿元，同比增长72.61%，超越去年全年水平，创下同期历史 新高。 公司情报专家《财经涂鸦》获悉，12月3日，富时罗素宣布对富时中国指数系列的季度审核变更，洛阳钼业被首次纳入到富时中国 A50指数。 富时罗素是伦敦证券交易所集团旗下专业指数服务商，亦是全球领先的指数编制机构。其核心产品为富时中国A50指数，涵盖四大 高成长板块，由上海和深圳证券交易所市场中总市值最大的50只股票组成，并实时追踪中国核心资产表现。 该指数于每年3月、6月、9月和12月进行季度审核，不少国际投资者将该指数视作衡量中国市场的精确指标。 在今年9月的季度审核中，富时罗素曾将洛阳钼业纳入到备选名单；12月3日，洛阳钼业首次入围富时中国A50指数正选名单。 期内，公司经营质量进一步提升，含"铜"量攀升。其中，矿山端营业收入为565.94亿元，占比整体近四成。铜板块营业收入为 386.18亿元，占比矿山端68%以上，环比提升3个百分点。同时，公司前三季度产铜54.34万吨，同比增长14.14%，按产 ...

Group 1 - Copper stocks showed resilience in the market, with Jiangxi Copper Co. (00358) rising by 3.82%, China Daye Non-Ferrous Metals (00661) increasing by 2.94%, and China Nonferrous Mining (01258) up by 2.8% [1][2] - The main driver for the increase in copper prices is the ongoing supply tightness, alongside rising expectations for interest rate cuts by the Federal Reserve, which has weakened the dollar and provided strong support for base metals [1][2] - The market is shifting focus towards the Federal Reserve's upcoming meeting, with increased probabilities of rate cuts contributing to a more positive market sentiment [2] Group 2 - The supply of copper raw materials remains tight, and expectations of reduced smelting output are driving strong copper price trends [2] - There is an expectation of marginal increases in short-term supply, while downstream operating rates continue to provide support, suggesting that copper prices are likely to maintain a strong performance [2]

Core Viewpoint - Luoyang Molybdenum Co., Ltd. has shown significant stock price appreciation this year, with a year-to-date increase of 185.45% and a recent surge of 12.51% over the last five trading days [2] Company Overview - Luoyang Molybdenum Co., Ltd. was established on December 22, 1999, and listed on October 9, 2012. The company is primarily engaged in the mining, selection, deep processing, trading, and research of precious metals such as molybdenum, tungsten, and gold [3] - The company's main business revenue composition includes: refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), molybdenum (3.12%), phosphorus (2.23%), niobium (1.88%), tungsten (1.17%), and others (0.11%) [3] Stock Performance - As of December 5, Luoyang Molybdenum's stock price was 18.26 CNY per share, with a market capitalization of 390.66 billion CNY. The stock experienced a trading volume of 7.52 billion CNY and a turnover rate of 0.24% [1] - The company has appeared on the stock market's "Dragon and Tiger List" once this year, with the most recent occurrence on October 9 [3] Financial Performance - For the period from January to September 2025, Luoyang Molybdenum reported a revenue of 145.49 billion CNY, a year-on-year decrease of 5.99%. However, the net profit attributable to shareholders increased by 72.61% to 14.28 billion CNY [3] - The company has distributed a total of 21.56 billion CNY in dividends since its A-share listing, with 10.58 billion CNY distributed over the past three years [4] Shareholder Structure - As of September 30, 2025, the number of shareholders reached 304,200, an increase of 28.08% from the previous period. The average circulating shares per person remained at 0 [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 695 million shares, an increase of 47.47 million shares from the previous period. Other notable shareholders include Huaxia SSE 50 ETF and Huatai-PineBridge CSI 300 ETF, with varying changes in their holdings [4]