Group 1 - The non-ferrous metal sector is leading the market, with companies like Zhongtung High-tech, Xiamen Tungsten, and Northern Rare Earth seeing significant stock price increases of 7.98%, 6.72%, and 6.34% respectively, contributing to a nearly 3% rise in the Tianhong Non-ferrous Metal ETF (159157) [1] - The Tianhong Non-ferrous Metal ETF has attracted substantial capital inflow, with a total of 890 million shares purchased in a single day and a cumulative net inflow of 614 million yuan over three days, indicating strong investor interest [1] - The ETF covers a wide range of sectors including copper, aluminum, gold, and rare earths, allowing it to capture various market cycles effectively [1] Group 2 - On February 10, prices for mainstream rare earth products such as praseodymium and neodymium oxides have risen due to tight supply conditions and strong demand from downstream buyers [2] - The non-ferrous sector is expected to perform well in 2025, with companies like Zijin Mining and Luoyang Molybdenum projected to see net profit increases of over 60% and 50% respectively, while Shenghe Resources and Huayu Mining are expected to see even higher profit growth [2] - Following price adjustments by tungsten companies, Zhangyuan Tungsten has also raised its long-term procurement prices for black and white tungsten concentrates by 28.1% [2] - The U.S. has initiated a $12 billion strategic metal reserve plan, and the Non-ferrous Metals Industry Association has suggested commercial interest subsidies for copper and copper concentrates to enhance resource value [2]

Group 1 - Luoyang Molybdenum (603993) (03993) saw a rise of over 3%, currently up 3.65% at HKD 23.28, with a trading volume of HKD 312 million [1] - Citigroup released a report indicating that Luoyang Molybdenum will announce the acquisition of Brazilian gold assets in December 2025, with the transaction expected to be completed in January 2026 [1] - Based on Citigroup's forecast of a gold benchmark price of USD 4,600 per ounce in 2026, the acquired asset is expected to contribute 7.1 tons to gold production, generating approximately RMB 2.4 billion in net profit, accounting for about 7% of total net profit [1] Group 2 - Shenwan Hongyuan noted significant short-term disruptions in copper production, with tight non-US inventories leading to a bullish outlook for copper prices, supported by solid fundamentals [1] - Long-term growth in electric vehicle investments and AI data centers, combined with relatively inelastic copper supply, suggests that the price center for copper is likely to continue rising [1] - Huayuan Securities indicated that insufficient capital expenditure in copper mining and frequent supply-side disruptions may shift the copper supply-demand balance from tight equilibrium to shortage, with copper smelting profits expected to bottom out amid a "de-involution" backdrop, and prices likely to break upward as the Federal Reserve enters a rate-cutting cycle [1]

Group 1 - Luoyang Molybdenum (03993) shares increased by 3.65%, reaching HKD 23.28, with a trading volume of HKD 312 million [1] - Citigroup's report indicates that Luoyang Molybdenum will announce the acquisition of Brazilian gold assets in December 2025, completing the transaction in January 2026 [1] - Based on Citigroup's forecast of a gold price of USD 4,600 per ounce in 2026, the acquired asset is expected to contribute 7.1 tons of attributable gold production, generating approximately RMB 2.4 billion in net profit, accounting for about 7% of total net profit [1] Group 2 - Sunward Hongyuan predicts that short-term copper production will be significantly disrupted, with tight non-US inventories leading to a bullish outlook for copper prices, supported by solid fundamentals [1] - Long-term growth in electric investment and AI data centers, combined with relatively inelastic copper supply, suggests that the price center for copper is likely to continue rising [1] - Huayuan Securities notes that insufficient capital expenditure in copper mining and frequent supply-side disruptions may shift the copper supply-demand balance from tight equilibrium to shortage, with copper smelting profits expected to bottom out amid a "de-involution" backdrop, and prices likely to break upward as the Federal Reserve enters a rate-cutting cycle [1]

（记者 曾健辉） 每经头条（nbdtoutiao）——10倍价差刷屏！"外国人来华就医"火了，三位亲历者这样说⋯⋯ 每经AI快讯，洛阳钼业2月10日晚间发布公告称，截至本公告披露日，按2026年2月10日中国人民银行 公布的汇率中间价，1美元兑人民币约6.95元折算；公司对外担保总额为人民币295.74亿元（其中对全资 子公司的担保总额为人民币290.23亿元），占公司最近一期经审计净资产的41.64%。 ...

（文章来源：证券日报） 证券日报网2月10日讯，赛恩斯在接受调研者提问时表示，目前，公司铼资源综合回收技术在多宝山、 黑龙江紫金、吉林紫金、洛阳钼业成功实现了工业化应用，与吉林紫金、黑龙江紫金等企业合作的铼回 收项目已实现连续稳定生产。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 CMOC Group Limited* （ 於中華人民共和國註冊成立的股份有限公司 ） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 以下為洛陽欒川鉬業集團股份有限公司（「本公司」）於上海證券交易所網站 (www.sse.com.cn)所發佈《洛陽欒川鉬業集團股份有限公司关于对下属子公司及合 营公司提供担保的公告》。 承董事會命 洛陽欒川鉬業集團股份有限公司 劉建鋒 董事長 中華人民共和國河南省洛陽市， 二零二六年二月十日 於本公告日期，執行董事為劉建鋒先生、彭旭輝先生及闕朝陽先生（職工董事）； 非執行董事為林久新先生、蔣理先生及馬飛先生；及獨立非執行董事為王開國先生、 顧紅雨女士及程鈺先生。 * 僅供識別 （股份代號：03993） 证券代码：603993 证券简称：洛阳钼业 公告编号：2026-011 洛阳栾川钼业集团股份有限公司 关于对下属子公司及合营公司提供 ...

证券代码：603993 证券简称：洛阳钼业 公告编号：2026-011 洛阳栾川钼业集团股份有限公司 关于对下属子公司及合营公司提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 担保对象及基本情况 | 被担保人名称 | | 本次担保金额 | | 实际为其提供的担保余额 | 是否在前期 | 本次担保是 | | --- | --- | --- | --- | --- | --- | --- | | | | | | （不含本次担保金额） | 预计额度内 | 否有反担保 | | 上海董禾商贸有限公司 | 2.2 | 亿元人民币 | 3.17 | 亿元人民币 | 是 | 否 | | | 5 | 亿元人民币 | | | 是 | 否 | | 海南钼兴商贸有限公司 | 2.2 | 亿元人民币 | | | 是 | 否 | | | 4 | 亿元人民币 | 1.89 | 亿元人民币 | 是 | 否 | | | 2 | 亿元人民币 | | | 是 | 否 | | CMOC Fortune Limited | 2000 | ...

报告指出，洛钼于2025年12月宣布收购巴西黄金资产，并于2026年1月完成交易。该行预计该资产在 2026年将贡献7.1吨应占黄金产量，贡献约24亿元人民币净利润。 基于花旗大宗商品团队对2026年黄金基准价格4,600美元/盎司的预测，该行预计新收购资产在2026年将 贡献7.1吨的应占黄金产量，为洛钼带来24亿元的净利润，约占总净利润的7%。 花旗发布研报称，将洛阳钼业（603993）(03993)2025年、2026年及2027年的净利润预测分别上调 3.8%、34.2%、17.5%，至205亿元、339亿元及318亿元人民币。将洛阳钼业目标价从20.6港元上调至 28.3港元，并维持"买入"评级。 ...

Group 1 - The core point of the article highlights the performance of the Invesco ETF (560290) in the non-ferrous metals sector, with a current opening price of 0.948 yuan and a 0.00% change [1] - The major holdings of the Invesco ETF include Zijin Mining, which opened up by 0.91%, and other companies like China Aluminum and Shandong Gold, which also showed positive movements [1] - The fund's performance benchmark is the CSI Nonferrous Metals Mining Theme Index, and since its establishment on January 26, 2026, it has recorded a return of -5.23% [1] Group 2 - The fund is managed by Invesco Great Wall Fund Management Co., with the fund manager being Gong Lili [1] - The article provides a detailed list of the opening price changes for various stocks within the ETF, indicating a mixed performance among the holdings [1]

Core Viewpoint - Citigroup has raised the net profit forecasts for Luoyang Molybdenum for 2025, 2026, and 2027 by 3.8%, 34.2%, and 17.5% respectively, reaching 20.5 billion, 33.9 billion, and 31.8 billion yuan [1] Group 1: Profit Forecasts - The net profit for 2025 is projected at 20.5 billion yuan, for 2026 at 33.9 billion yuan, and for 2027 at 31.8 billion yuan [1] - The significant increase in the 2026 profit forecast is attributed to the expected contribution from newly acquired assets [1] Group 2: Asset Acquisition - Luoyang Molybdenum announced the acquisition of Brazilian gold assets in December 2025, completing the transaction in January 2026 [1] - The newly acquired assets are expected to contribute 7.1 tons of attributable gold production in 2026, generating approximately 2.4 billion yuan in net profit, which accounts for about 7% of total net profit [1] Group 3: Target Price Adjustment - Citigroup has raised the target price for Luoyang Molybdenum from 20.6 HKD to 28.3 HKD and maintains a "Buy" rating [1]