眼下正是A股上市公司年报和ESG报告的编制期，随着钢铁行业正式纳入全国碳市场，部分钢企开启了ESG碳排放信披的"双重监管"。 约232家钢企作为重点排放单位，须在3月31日前向省级生态环境部门报送2025年度温室气体排放报告。紧随其后的4月30日，A股ESG强信披上市公司中有6 家钢企需要按交易所规定披露2025年ESG报告。 这6家上市钢企分别是宝钢股份、包钢股份、鞍钢股份、马钢股份、重庆钢铁、中信特钢。截至2月24日，6家钢企的2024年ESG报告已全部披露，就待2025 年ESG报告出炉。21世纪经济报道记者根据2024年ESG报告和年报整理后发现，6家钢企中鞍钢股份、包钢股份仍未披露2024年度碳排放总量。 距离我国实现2030年前碳达峰还有不到4年的时间，钢企纷纷冲刺减排技术改造。然而21世纪经济报道记者统计后发现，6家上市钢企2024年环保总投入同比 下降约16%，总计为246.54亿元，除马钢股份外的5家钢企均缩减资金投入，降幅从7%到40%不等。 鞍钢、包钢未披露2024年碳排放 温室气体排放是ESG环境维度的重要议题之一，碳排放总量、范围1和范围2排放量是沪深北交易所《上市公司可持续发展报告 ...

关联内容 全国碳市场首次扩围的三大行业碳排"家底"几何？ 眼下正是A股上市公司年报和ESG报告的编制期，随着钢铁行业正式纳入全国碳市场，部分钢企开启了ESG碳排放信披的"双重监管"。 约232家钢企作为重点排放单位，须在3月31日前向省级生态环境部门报送2025年度温室气体排放报告。紧随其后的4月30日，A股ESG强信披上市公司中有6 家钢企需要按交易所规定披露2025年ESG报告。 这6家上市钢企分别是宝钢股份（600019）、包钢股份（600010）、鞍钢股份（000898）、马钢股份（600808）、重庆钢铁（601005）、中信特钢 （000708）。截至2月24日，6家钢企的2024年ESG报告已全部披露，就待2025年ESG报告出炉。21世纪经济报道记者根据2024年ESG报告和年报整理后发 现，6家钢企中鞍钢股份、包钢股份仍未披露2024年度碳排放总量。 距离我国实现2030年前碳达峰还有不到4年的时间，钢企纷纷冲刺减排技术改造。然而21世纪经济报道记者统计后发现，6家上市钢企2024年环保总投入同比 下降约16%，总计为246.54亿元，除马钢股份外的5家钢企均缩减资金投入，降幅从7%到40% ...

证券日报网讯2月24日，包钢股份（600010）在互动平台回答投资者提问时表示，公司积极关注包括钍 基熔盐堆在内的绿色可持续能源产业发展情况，持续推进白云鄂博资源开发利用，做好资源保护性开 发、规范化管理、高质化利用。 ...

（文章来源：证券日报） 证券日报网讯 2月24日，包钢股份在互动平台回答投资者提问时表示，截至2026年2月10日，公司股东 总户数为789764户。 ...

Investment Rating - The report indicates a positive outlook for the small metals sector, with the Shenyin Wanguo Small Metals Index rising by 3.25% during the period, outperforming both the Shenwan Nonferrous Index and the CSI 300 Index by 10.21 percentage points and 4.23 percentage points, respectively [2][13]. Core Insights - The report highlights that the prices of rare earth elements have reached new highs, driven by supply-side reforms and increasing overseas inventory demand. The prices for praseodymium and neodymium oxide rose by 13.51%, dysprosium oxide by 9.02%, and terbium oxide by 5.90% [3][18][19]. - Tin prices have shown volatility, with a decrease of 10.74% in the current period. The potential ban on tin raw material exports from Indonesia may create significant replenishment demand for tin processing companies, positively impacting tin prices in the long term [4][28]. - Tungsten prices have increased significantly, with tungsten concentrate rising by 15.99% and ammonium paratungstate by 15.11%. The report suggests that the strategic reserve initiatives in the U.S. may elevate tungsten's priority in global markets [4][40]. - Antimony prices have shown a slight increase, with antimony ingot prices up by 0.62% and antimony concentrate by 2.13%. The report anticipates a recovery in exports, which could lead to a price rebound [5][47]. - Molybdenum prices have stabilized, with molybdenum concentrate prices increasing by 2.97% and ferromolybdenum by 3.33%. The report notes that low inventory levels and increased defense spending may support further price increases [6][51]. Summary by Sections 1. Stock Market and Commodity Price Performance - The Shenyin Wanguo Small Metals Index closed at 39,286.62 points, reflecting a 3.25% increase [2][13]. - Commodity prices for rare earths, tungsten, and molybdenum have shown upward trends, while tin prices have decreased [16]. 2. Main Product Fundamentals and Insights 2.1 Rare Earths - The report emphasizes the ongoing supply-side reforms and the rising prices of rare earths, with significant export demand expected to continue [3][18][19]. 2.2 Tin - The potential export ban from Indonesia could lead to increased demand for tin processing, positively affecting prices in the long run [4][28]. 2.3 Tungsten - The report highlights the strategic importance of tungsten in global markets, with prices rising significantly due to supply constraints and increased military spending [4][40]. 2.4 Antimony - Antimony prices are expected to recover as export conditions improve, with a focus on high-growth resource companies [5][47]. 2.5 Molybdenum - Molybdenum prices are projected to rise due to low inventory levels and increased demand from the defense sector [6][51].

Core Insights - Inner Mongolia Baotou Steel Union Co., Ltd. announced the pre-award notice for the sixth batch of collaborative procurement of -35 diesel for the mining system on February 9, 2026 [1] - The company has made investments in 34 enterprises and participated in 76,296 bidding projects [1] - The company holds 18 trademark registrations and 1,825 patents, along with 583 administrative licenses [1] Procurement Details - The procurement was awarded to Sinopec Zhonghai Ship Fuel Supply Co., Ltd. Hebei Branch [2] - The winning bid amount is 6,388,000 [2] - The procurement is located in Inner Mongolia Autonomous Region [2]

Group 1 - North Mining Technology (600980) is a state-owned enterprise under the State-owned Assets Supervision and Administration Commission, focusing on mining equipment and magnetic materials, with a leading position in the global market for intelligent flotation machines and a 12% share in domestic sintered permanent magnetic ferrite production [1][25][26] - Greenme (002340) is a leader in the recycling of rare metals and new energy materials, with a dual business model of "urban mining + new energy materials," supplying major companies like CATL and BYD [1][27] - Xiamen Tungsten (600549) is a leader in tungsten, molybdenum, and rare earth permanent magnetic materials, with a complete industrial chain from mining to high-end magnetic material production [2][28] Group 2 - Jiyuan Wanfang (000612) is a significant player in aluminum smelting and rare earth permanent magnetic materials, leveraging local resources to form a dual business model of "aluminum + rare earth" [3][29] - Wanlong Magnetic Plastic (603150) is a leader in refrigerator door seals and magnetic materials, producing ferrite magnets for major appliance manufacturers [4][30] - Northern Rare Earth (600111) is the largest rare earth producer globally, controlling over 40% of the world's rare earth oxide production and holding significant pricing power [5][30] Group 3 - Chifeng Gold (600988) is involved in gold mining and rare earth resource development, with a strong position in the domestic rare earth market [6][31] - Zhongmin Resources (002738) is a leader in lithium mining and rare earth resources, with significant overseas rare earth mining rights [7][33] - Galaxy Magnet (300127) specializes in sintered and bonded neodymium-iron-boron magnets, serving major clients like BYD and CATL [8][34] Group 4 - Zhong Rare Metals (600259) focuses on rare earth mining and functional materials, with a strong position in the medium and heavy rare earth sectors [9][35] - Tianhe Magnetic Materials (603072) is a leader in high-end neodymium-iron-boron magnets, supplying major automotive and industrial clients [10][36] - Oriental Zirconium (002167) produces zirconium products and rare earth functional materials, with a focus on the electronics and new energy sectors [11][37] Group 5 - Jinli Permanent Magnet (300748) is a leading producer of rare earth permanent magnetic materials, with a strong presence in the automotive sector [12][38] - Huaxin Environmental (301265) focuses on environmental equipment and rare earth recycling, leveraging a dual business model [13][40] - China Rare Earth (000831) is a key player in rare earth mining and processing, with a focus on high-value applications in new energy and military sectors [14][49]

Core Viewpoint - The rare earth industry is experiencing a significant price increase, with expectations for continued growth in 2026, driven by supply-demand dynamics and strategic value reassessment [1] Price Trends - As of February 6, the price of praseodymium-neodymium oxide reached 758,000 yuan/ton, a monthly increase of 24.9% and a year-on-year increase of 79.9% [1] - The price of heavy rare earth terbium oxide rose to 6,155 yuan/ton, with a monthly increase of 2.2% [1] Market Dynamics - There is a notable divergence between rare earth prices and stock prices, suggesting a potential return to fundamental pricing as market liquidity effects are digested [1] - Analysts predict that domestic rare earth prices will continue to rise, with the praseodymium-neodymium oxide price surpassing 700,000 yuan/ton [1] Supply and Demand Factors - The supply side is characterized by a separation of mining and smelting, with total quantity control and a slowdown in domestic production growth, lagging behind demand expansion [1] - Demand is being driven by rapid developments in industries such as robotics, low-altitude economy, and military applications [1] - High overseas smelting costs are also providing support for prices [1] Investment Perspective - The CSI Rare Earth Industry Index focuses on core segments of the rare earth industry chain, covering leading companies from mining and smelting to deep processing and downstream applications [1] - The E Fund Rare Earth ETF (159715) offers a low-cost investment tool with a management fee rate of only 0.15% per year for investors looking to enter the rare earth sector [1]

Group 1 - The A-share market's rare earth permanent magnet sector showed strong performance on February 9, with several stocks reaching their daily limit up [1] - Shenghe Resources experienced a limit-up increase of 10.01%, while China Rare Earth and Northern Rare Earth both rose over 6% [2] - Other notable gainers included San Chuan Wisdom, Zhong Rare Metal, and Huahong Technology, all of which saw increases exceeding 6% [1][2] Group 2 - The total market capitalization of Shenghe Resources is 47.6 billion, with a year-to-date increase of 26.06% [2] - China Rare Earth has a market cap of 58.6 billion and a year-to-date increase of 18.88% [2] - Northern Rare Earth has a market cap of 193.3 billion and a year-to-date increase of 15.96% [2]

Group 1 - The rare earth permanent magnet sector in the A-share market has shown strong performance, with several companies experiencing significant stock price increases [1] - Shenghe Resources reached the daily limit increase, while China Rare Earth, Northern Rare Earth, San Chuan Wisdom, and others saw gains exceeding 6% [1] - The overall market sentiment in the rare earth sector appears positive, indicating potential growth opportunities for investors [1] Group 2 - Shenghe Resources (code: 600392) increased by 10.01%, with a total market capitalization of 47.6 billion and a year-to-date increase of 26.06% [2] - China Rare Earth (code: 000831) rose by 6.79%, with a market cap of 58.6 billion and a year-to-date increase of 18.88% [2] - Northern Rare Earth (code: 600111) saw a 6.73% increase, with a market capitalization of 193.3 billion and a year-to-date increase of 15.96% [2] - Other notable companies include San Chuan Wisdom (6.63% increase), China Rare Metals (6.13% increase), and Huahong Technology (6.02% increase), all showing strong year-to-date performance [2]