格隆汇8月7日丨赤峰黄金(600988.SH)公布，控股子公司LaneXangMineralsLimitedCompany（简称"万象 矿业"）于2025年6月末完成了SND金铜矿项目第一阶段资源勘探工作，SRKConsulting(China)Ltd.（简 称"SRK"）于2025年8月7日出具了符合《澳大拉西亚勘查结果、矿产资源量与矿石储量报告规范》2012 年版本（简称"JORC规范"）的《塞班SND金铜项目矿产资源估算报告》。 截止2025年6月30日，SRK考虑SND项目未来有可能采用崩落法进行井工方式开采，仅使用边界品位报 告了矿产资源。SND项目采用边界品位0.40克/吨黄金当量（AuEq）进行资源报告，约有9,370万吨"控 制的"级别的资源量，平均品位为0.57克/吨金和0.27%铜；3,780万吨"推断的"级别的资源量，平均品位 为0.46克/吨金和0.22%铜；合计矿石量1.315亿吨，金当量品位0.81克/吨，黄金当量金属量约106.9吨。 本次资源估算是基于公司位于老挝人民民主共和国（简称"老挝"）的控股子公司万象矿业塞班矿区内的 新发现——SND金铜矿项目的首次矿产资源估算结果。该 ...

截至8月7日收盘，稀土永磁概念上涨3.24%，位居概念板块涨幅第1，板块内，48股上涨，正海磁材20% 涨停，宁波韵升涨停，奔朗新材、中科磁业、九菱科技等涨幅居前，分别上涨15.59%、13.01%、 10.07%。跌幅居前的有万朗磁塑、方邦股份、三祥新材等，分别下跌2.90%、2.09%、1.47%。 今日涨跌幅居前的概念板块 业 | | 方 | | | | | | --- | --- | --- | --- | --- | --- | | 600872 | 中炬高 | 0.00 | 0.89 | 202.16 | 1.56 | | | 新 | | | | | | 002645 | 华宏科 | 2.24 | 13.38 | 184.88 | 0.20 | | | 技 | | | | | | 300797 | 钢研纳 | 0.60 | 3.22 | 29.00 | 0.16 | | | 克 | | | | | | 301323 | 新莱福 | 1.89 | 8.27 | 14.34 | 0.05 | | 600010 | 包钢股 | 3.56 | 6.93 | -3.55 | 0.00 | | | 份 | | ...

Group 1 - The precious metals sector increased by 1.52% on August 7, with Chifeng Jilong Gold Mining leading the gains [1] - The Shanghai Composite Index closed at 3639.67, up 0.16%, while the Shenzhen Component Index closed at 11157.94, down 0.18% [1] - Major stocks in the precious metals sector showed varying performance, with Chifeng Gold closing at 25.55, up 3.27%, and Western Gold at 20.11, up 2.86% [1] Group 2 - The net inflow of main funds in the precious metals sector was 457 million yuan, while retail investors experienced a net outflow of 361 million yuan [1] - Chifeng Gold had a main fund net inflow of 269 million yuan, but retail investors saw a net outflow of 238 million yuan [2] - The ETF tracking the gold industry (product code: 159562) had a recent five-day change of 1.43% and a price-to-earnings ratio of 21.04 [4]

Core Viewpoint - The rare earth industry is experiencing a strong demand recovery, leading to increased procurement and a bullish market sentiment, supported by supply constraints and easing export controls [1][2]. Group 1: Market Performance - As of August 7, 2025, the National Securities Nonferrous Metals Industry Index (399395) rose by 1.33%, with notable increases in component stocks such as Shenghe Resources (600392) up 7.36%, Northern Rare Earth (600111) up 6.01%, and Jinyi Permanent Magnet (300748) up 4.56% [1]. - The Rare Earth ETF (159880) has achieved five consecutive days of gains, with the latest price at 1.28 yuan, reflecting strong market performance [1]. Group 2: Supply and Demand Dynamics - The rare earth supply remains tight while demand is steadily increasing, leading to strong price support and a bullish market outlook [2]. - The easing of export controls is expected to contribute to a marginal increase in demand, benefiting upstream rare earth resource companies [2]. Group 3: Industry Composition - As of July 31, 2025, the top ten weighted stocks in the National Securities Nonferrous Metals Industry Index accounted for 49.71% of the index, including major players like Zijin Mining (601899) and Northern Rare Earth (600111) [3]. Group 4: Investment Recommendations - Companies in the upstream rare earth sector are expected to benefit from the anticipated price increases due to supply constraints and demand recovery [2]. - Jinyi Permanent Magnet is highlighted as a potential beneficiary due to its solid customer structure and capacity utilization, along with future growth opportunities [2]. Group 5: ETF Overview - The Rare Earth ETF closely tracks the National Securities Nonferrous Metals Industry Index, which includes 50 prominent securities in the nonferrous metals sector, providing a benchmark for industry performance [2].

作者：金股通 本文源自：金融界 截至8月7日收盘回顾，主力资金流入前20的股票分别为：天娱数科（6.17亿元）、硕贝德（6.05亿 元）、宁波韵升（5.37亿元）、盈方微（4.91亿元）、正海磁材（4.67亿元）、华胜天成（4.27亿元）、 华映科技（4.27亿元）、上海电气（4.22亿元）、士兰微（4.17亿元）、财达证券（3.93亿元）、东芯股 份（3.65亿元）、际华集团（3.61亿元）、东信和平（3.54亿元）、韵达股份（3.53亿元）、七一二 （3.41亿元）、大族激光（3.32亿元）、立讯精密（3.18亿元）、斯达半导（3.07亿元）、寒武纪U （2.76亿元）、赤峰黄金（2.69亿元）。 ...

Core Viewpoint - The recent fluctuations in the U.S. labor market and the Federal Reserve's interest rate expectations have led to a renewed interest in gold as a safe-haven asset, with significant implications for gold prices and related ETFs [1][2][4]. Group 1: Market Performance - On August 5, COMEX gold futures rose by 0.25% to $3435 per ounce, with gold-related ETFs also experiencing gains [1]. - As of August 5, the year-to-date increase in gold prices reached 39.33%, with notable rises in stocks such as Tongling Nonferrous Metals and Shandong Gold [1]. - The gold stock ETF (159562) increased by 1.66%, while the non-ferrous metal ETF (516650) rose by 1.24% [1][2]. Group 2: Economic Indicators - The U.S. Labor Department reported that 73,000 jobs were added in July, with an unemployment rate of 4.2%, which is a 0.1 percentage point increase from the previous month [1][4]. - The July non-farm payroll data was significantly below market expectations, leading to volatility in U.S. financial markets [1][4]. Group 3: Institutional Sentiment - Citigroup, known for its bearish stance on gold, has revised its three-month gold price forecast from $3300 to $3500 per ounce, reflecting a shift in institutional sentiment towards gold [2]. - The gold stock ETF tracks a diverse range of companies in the gold mining and sales sectors, with the top ten constituents accounting for 66.02% of the index weight [2]. Group 4: Future Outlook - Analysts suggest that the weak employment data provides the Federal Reserve with a rationale for potential interest rate cuts, which could further support gold prices [3][4]. - The anticipated dovish shift in Federal Reserve officials' statements and the potential for a rate cut could lead to a new upward trend in gold prices amid concerns over inflation [4].

Investment Rating - Industry rating: Recommended [5] Core Insights - In Q2 2025, global gold demand increased by 102 tons to 1079 tons, with gold ETF demand rising by 178 tons to 171 tons [1][2] - Total gold supply in Q2 2025 grew by 3% year-on-year, reaching 1249 tons, primarily due to record-high mining output of 909 tons [1][15] - Investment demand for gold surged by 78% year-on-year to 477.2 tons, driven largely by significant inflows into gold ETFs [4][38] Supply Summary - Q2 2025 gold supply reached 1249 tons, a 3% increase year-on-year, with mining output at a record 909 tons [1][15] - Gold recycling in Q2 2025 rose by 4% to 347 tons, maintaining a steady supply despite fluctuations in gold prices [23][25] Demand Summary - Total gold demand in Q2 2025 was 1079 tons, a 10% increase year-on-year but a 17% decrease quarter-on-quarter [2][29] - Jewelry demand fell by 14% year-on-year to 341 tons, marking the lowest level since Q3 2020 [3][31] - Investment demand for gold bars and coins grew by 11% year-on-year to 307 tons, indicating strong investor interest [7][42] - Central bank demand for gold remained robust at 166.5 tons, despite a 21% year-on-year decline [8][50] Jewelry Demand Insights - Q2 2025 saw a 20% year-on-year decline in gold jewelry demand in China, totaling 69 tons, reflecting ongoing economic challenges [3][33] - In India, gold jewelry consumption decreased by 17% to 89 tons, with the first half of 2025 showing the second-lowest demand since 2000 [3][34] Investment Demand Insights - Gold ETF holdings increased by 170 tons in Q2 2025, contrasting with a decrease of 7 tons in the same period last year [4][41] - North American gold ETFs saw a significant increase of 73 tons, while Asian ETFs also reported strong demand [4][41] Central Bank Demand Insights - Central banks collectively purchased 166.5 tons of gold in Q2 2025, a decrease from previous quarters but still above historical averages [8][50] - Poland emerged as the largest buyer, adding 19 tons to its reserves, despite a reduction from earlier purchases [52][51] Industrial Demand Insights - Industrial gold demand slightly decreased by 2% year-on-year to 79 tons, influenced by ongoing trade uncertainties and rising gold prices [9][56] - Demand for gold in electronics fell by 2% to 66 tons, with challenges stemming from tariffs and export restrictions [9][57]

Investment Rating - The report maintains an "Outperform" rating for the non-ferrous metals industry [2] Core Viewpoints - The report expresses a long-term positive outlook on precious metals, driven by fluctuations in U.S. employment data and the weakening global position of the U.S. dollar, which is expected to support gold prices [5] - Industrial metal prices are currently declining, but significant infrastructure projects in China are anticipated to boost overall demand and metal prices in the medium term [5] - The report highlights the mixed performance of minor metals, with tungsten prices increasing due to rising demand in manufacturing [5] - Energy metals, particularly lithium, are seeing price increases, indicating potential growth in demand for these materials [5] Summary by Sections 1. Industry Data Review 1.1 Precious Metals - The report notes a 0.85% decline in Shanghai gold prices, with U.S. non-farm payrolls adding only 73,000 jobs in July, which is significantly below market expectations [5][42] 1.2 Industrial Metals - Prices for copper, aluminum, lead, zinc, tin, and nickel have decreased by 1.9%, 1.2%, 0.9%, 3.0%, 3.3%, and 3.7% respectively [5][28] 1.3 Minor Metals - Prices for praseodymium-neodymium oxides showed mixed results, while tungsten prices have increased due to a recovery in manufacturing demand [5][32] 1.4 Energy Metals - Lithium concentrate prices have risen, with cobalt products also showing upward trends, indicating a growing demand for energy metals [5][35] 2. Market Data - The report indicates a 0.94% decline in the Shanghai Composite Index, with the non-ferrous metals sector down 4.62% [36] 3. Key Events Review - The report highlights the significant downward revision of U.S. employment data for May and June, which has contributed to market volatility [42]

证券之星消息，8月5日贵金属板块较上一交易日上涨0.1%，湖南白银领涨。当日上证指数报收于 3617.6，上涨0.96%。深证成指报收于11106.96，上涨0.59%。贵金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002716 | 湖南白银 | 4.95 | 7.61% | 354.23万 | 17.51亿 | | 002155 | 湖南黄金 | 18.48 | 1.09% | 86.81万 | 16.26亿 | | 600547 | 山东黄金 | 31.75 | 0.83% | 40.76万 | 12.95 Z | | 002237 | 恒邦股份 | 12.03 | 0.50% | 19.47万 | 2.34亿 | | 600988 | 赤峰黄金 | 24.64 | 0.37% | 89.80万 | 22.12亿 | | 001337 | 四川黄金 | 23.70 | -0.29% | 8.96万 | 2.13亿 | | 600489 | 中金黄金 | 14.7 ...

Core Viewpoint - The company has announced that its subsidiary, Liaoning Wulong Gold Mining Co., Ltd., has obtained a new mining license and made changes to exploration and mining rights, which will enhance its resource capacity and exploration potential, positively impacting long-term sustainable development [1][2] Group 1: New Mining Rights and Changes - Liaoning Wulong Gold Mining has acquired a new mining license through the conversion of part of its exploration rights in Dandong City, expanding its exploration area from 0.6112 square kilometers to 1.0705 square kilometers [1] - The new mining rights are valid for 9 years and 1 month, from July 28, 2025, to August 28, 2034, with an annual production capacity of 60,000 tons [1] - The company has also made changes to its existing mining rights, including deepening the mining depth from 737 meters to -135 meters for the Aohanqi Zhuangshanzi Gold Mine [1] Group 2: Impact on the Company - The acquisition and integration of new mining and exploration rights will enhance the company's mineral resource capacity and exploration potential, improving resource allocation and utilization efficiency [1] - This development is expected to strengthen the company's risk resistance and market competitiveness, contributing positively to its long-term sustainable growth [1]