西藏华钰矿业股份有限公司（以下简称"公司"）于 2025 年 12 月 19 日召 开 2025 年第五次临时股东会，审议通过了《关于增加董事会人数暨修订<公司章 程>及其附件的议案》，依据修订后的《公司章程》，公司董事会由 9 名董事组 成，其中包括 1 名职工代表董事，职工代表董事由公司职工通过职工代表大会选 举产生，无需提交股东会审议。 公司于 2025 年 12 月 19 日召开职工代表大会，经与会职工代表审议，同意 选举王小飞先生（简历附后）为公司第五届董事会职工代表董事。王小飞先生与 公司 2025 年第一次临时股东大会选举产生的董事共同组成公司第五届董事会， 任期与第五届董事会任期一致。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易 所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 等法律法规、规范性文件及《公司章程》等有关规定，经审查，王小飞先生不存 在《中华人民共和国公司法》《公司章程》中规定的不得担任公司董事的情形， 不存在被中国证监会采取证券市场禁入措施，不存在被证券交易所公开认定为不 适合担任上市公司董事的情形，没有受过中国证监会及其他 ...

证券代码：601020 证券简称：601020 公告编号：临 2025-070 号 西藏华钰矿业股份有限公司 2025年第五次临时股东会决议公告 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： 本次会议是否有否决议案：无 | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | （%） | | （%） | | A 股 | 145,534,907 | 98.6801 | 1,429,600 | 0.9693 | 516,960 | 0.3506 | 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 904 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 147,481,467 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 17 ...

北京德恒（济南）律师事务所 关于西藏华钰矿业股份有限公司 2025 年第五次临时股东会的 法律意见 山东省济南市高新区舜泰北路 567 号银丰科技公园 2 号楼 电话：+86 531-8166 3606 传真：+86 531-8166 3607 邮编：250102 北京德恒（济南）律师事务所 关于西藏华钰矿业股份有限公司 2025 年第五次临时股东会的法律意见 2025 年第五次临时股东会的 法律意见 德恒 11G20240040-08 号 致：西藏华钰矿业股份有限公司 北京德恒（济南）律师事务所（以下简称"本所"）受西藏华钰矿业股份有 限公司（以下简称"华钰矿业"或"公司"）委托，指派杨昕炜律师、肖彬律师 （以下简称"本所律师"）出席公司 2025 年第五次临时股东会（以下简称"本 次股东会"），并对本次股东会的合法性进行见证并出具法律意见。 本法律意见根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规 则》以及《西藏华钰矿业股份有限公司章程》（以下简称"《公司章程》"）、 《西藏华钰矿业股份有限公司股东会议事规则》（以下简称"《 ...

Core Conclusions - The small metal sector is expected to benefit from the rising demand in the AI industry, presenting new investment opportunities [6] - The report maintains an "overweight" rating for the small metal sector, indicating a positive outlook for the industry [7] Industry Overview - The small metal sector significantly outperformed the market in 2025, with an annual cumulative return of 83.54%, surpassing the cumulative return of the Shenwan Nonferrous Metals Index (82.05%) and the CSI 300 Index (20%) [10][13] - The rare earth sector is projected to maintain an upward trend in 2026 due to strong demand recovery and supply-side policy constraints, indicating that the industry cycle is not yet over [10] - The tungsten market is entering a new price cycle driven by supply constraints and emerging demand, suggesting a strategic value for investors [10] - The antimony market is experiencing a new phase characterized by supply rigidities and policy relaxations, with potential price increases anticipated in 2026 [10] - The tin market is also entering a new phase with supply constraints and demand upgrades, indicating a resilient supply-demand balance [10] - The demand for new metal materials is expected to grow alongside the rapid development of the AI industry, particularly for permanent magnetic materials and high-end copper alloys [10] Investment Recommendations - Recommended stocks in the rare earth sector include Northern Rare Earth, Zhenghai Magnetic Materials, and Jinli Permanent Magnet, with a focus on China Rare Earth and Shenghe Resources [6] - For tungsten, attention is drawn to Zhongtung High-tech and Xiamen Tungsten [6] - In the antimony sector, recommended stocks include Huayu Mining, Huaxi Nonferrous, and Hunan Gold [6] - For tin, focus on Tin Industry Co. and Huaxi Nonferrous [6] - In the new materials sector, recommended stocks include Bowei Alloy and Srey New Materials [6] Supply and Demand Dynamics - The rare earth industry is experiencing a strong price increase driven by supply-side constraints and a recovery in export demand, with the price of praseodymium-neodymium oxide increasing by 45.49% in 2025 [31] - The global rare earth production is expected to grow moderately, with China's production leading the market, indicating a dominant position in both production and reserves [41] - Domestic supply indicators for light rare earths are showing a significant slowdown in growth, with the supply structure increasingly dominated by major players [48]

Group 1 - The metal lead concept declined by 3.12% as of the market close on December 16, ranking among the top declines in the concept sector, with companies like Shengda Resources, Zhuhai Group, and Huaxi Nonferrous experiencing significant drops [1] - The leading gainers in today's concept sectors included duty-free shops (+1.44%) and ride-hailing (+0.89%), while superconductors and silicon energy saw declines of -3.32% and -3.16%, respectively [2] - The metal lead concept experienced a net outflow of 2.109 billion yuan in principal funds today, with 30 stocks seeing net outflows, and 12 stocks exceeding 50 million yuan in outflows, led by Zijin Mining with a net outflow of 745 million yuan [3] Group 2 - The top stocks with the largest net outflows in the metal lead concept included Zijin Mining (-3.47%), Xingye Yinxin (-5.36%), and Shanjin International (-3.31%), with respective net outflows of 745 million yuan, 197 million yuan, and 147 million yuan [3][4] - Conversely, the stocks with the highest net inflows included Dazhong Mining (+0.12%) with a net inflow of 64.42 million yuan, Hengbang Co. (+0.45%) with 26.26 million yuan, and Zhuhai Group (+0.15%) with 4.69 million yuan [3][4] - The trading turnover rates for the stocks in the metal lead concept varied, with some stocks like Xingye Yinxin and Shanjin International showing higher turnover rates of 3.24% and 1.52%, respectively [4]

Investment Rating - The industry rating is "Recommended" [3] Core Views - Short-term lithium prices are expected to remain volatile, with a positive outlook on antimony, cobalt, tungsten, and tin due to a reassessment of strategic metal values [1][2][7] - Supply concerns in the nickel market are supported by the lack of new approvals from Indonesia's RKAB, which may lead to price stabilization [1][28] - The cobalt market is expected to see continued price increases due to structural supply tightness, with Congo's export regulations impacting availability [2][5][16] - Antimony prices are anticipated to converge towards higher overseas prices due to export controls and tight domestic supply [6][17] - The lithium market is experiencing a strong demand backdrop, with expectations of continued inventory depletion supporting prices [7][17] - The rare earth market is tightening due to Vietnam's export ban, which is expected to support prices [9][18] - Tin prices are supported by ongoing supply concerns from overseas sources, particularly from Myanmar and Congo [11][20] - Tungsten prices are expected to remain supported due to supply constraints and regulatory controls [12][21] - The uranium market is facing supply tightness, which is likely to support prices amid geopolitical uncertainties [14][22] Summary by Sections Nickel and Cobalt Industry Update - Nickel prices are under pressure due to stable demand but cautious purchasing from smelters, with LME nickel closing at $14,420 per ton, down 2.04% [1][28] - Cobalt prices are expected to rise further, with Congo's export regulations causing supply constraints [2][5][16] Antimony Industry Update - Domestic antimony prices are lower compared to international prices, but supply tightness is expected to support future price increases [6][17] Lithium Industry Update - Lithium carbonate prices have increased, with a strong demand outlook from the electric vehicle sector [7][17] Rare Earth Industry Update - Vietnam's recent export ban on rare earths is expected to tighten global supply and support prices [9][18] Tin Industry Update - Tin prices are supported by supply concerns from Myanmar and Congo, with LME tin prices rising to $41,905 per ton [11][20] Tungsten Industry Update - Tungsten prices are expected to remain high due to supply constraints and regulatory measures [12][21] Uranium Industry Update - The uranium market is facing supply tightness, with prices supported by geopolitical factors and production delays [14][22]

证券日报网讯 12月12日晚间，华钰矿业发布公告称，截至本次股份减持计划披露前，公司股东青海西 部稀贵金属有限公司（简称"青海稀贵金属"）持有本公司无限售流通股80，298，564股，占本公司当时 总股本比例9.7929%。近日，公司收到青海稀贵金属出具的《关于公司减持计划实施情况的告知函》， 青海稀贵金属自2025年8月23日（减持计划公告之日）起十五个交易日后（即2025年9月13日）进入减持 计划可实施期间。在该减持可实施期间，青海稀贵金属通过集中竞价方式，合计减持本公司无限售流通 股7，962，200股股份，占公司总股本0.9710%。青海稀贵金属本次减持计划实施期间已届满。 （文章来源：证券日报） ...

（文章来源：每日经济新闻） 每经AI快讯，华钰矿业12月12日公告，股东青海西部稀贵金属有限公司自2025年8月23日披露减持计划 公告后，于2025年9月13日进入减持可实施期间。在该期间内，青海稀贵金属通过集中竞价方式合计减 持公司无限售流通股796.22万股，占公司总股本0.971%。减持价格区间为24.61元/股至27.42元/股，减持 总金额为2.07亿元。减持后，青海稀贵金属持有公司股份数量为7233.64万股，占公司总股本比例 8.8219%。 ...

西藏华钰矿业股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况：截至本次股份减持计划披露前，西藏华钰矿业股 份有限公司（以下简称"公司"）股东青海西部稀贵金属有限公司（以下简称"青 海稀贵金属"）持有本公司无限售流通股 80,298,564 股，占本公司当时总股本比 例 9.7929%，股份来源为协议转让及资本公积金转增股本。 减持计划的实施结果情况：2025 年 8 月 23 日，公司披露了减持计划的 公告，因自身经营发展需要，青海稀贵金属计划自减持计划披露之日起 15 个交 易日后的 3 个月内通过大宗交易或集中竞价方式，减持公司股票数量不超过 8,000,000 股（若计划减持期间公司有派息、送股、资本公积金转增股本、配股 等除权除息事项，拟减持股份数量和减持价格将相应进行调整），不超过公司总 股本比例 1%。 证券代码：601020 证券简称：华钰矿业 公告编号：临 2025-069 号 近日，公司收到青海稀贵金属出具的《关于公司减持计划实施 ...

格隆汇12月12日丨华钰矿业(601020.SH)公布，近日，公司收到青海稀贵金属出具的《关于公司减持计 划实施情况的告知函》，青海稀贵金属自2025年8月23日（减持计划公告之日）起十五个交易日后（即 2025年9月13日）进入减持计划可实施期间。在该减持可实施期间，青海稀贵金属通过集中竞价方式， 合计减持本公司无限售流通股796.22万股股份，占公司总股本0.9710%。青海稀贵金属本次减持计划实 施期间已届满。 ...