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 一、会议召开和出席情况 证券代码：601020 证券简称：华钰矿业 公告编号：临2025-070号 (一)股东会召开的时间：2025年12月19日 (二)股东会召开的地点：西藏华钰矿业股份有限公司北京分公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 会议由董事长刘良坤先生主持。本次股东会以现场投票与网络投票相结合的方式对本次股东会通知中列 明的事项进行了投票表决。出席本次股东会现场会议的股东以记名表决的方式对本次股东会进行了投票 表决，并按照法律法规进行了计票、监票。本次股东会的召集、召开及表决方式符合《公司法》《公司 股东会议事规则》等法律法规及《公司章程》的有关规定。 (五)公司董事和董事会秘书的列席情况 1、公司在任董事8人，出席8人； 2、公司董事会秘书李 ...

Group 1 - The core point of the article is that Huayu Mining announced the approval of an increase in the number of board members during its fifth extraordinary general meeting of shareholders in 2025 [2] Group 2 - The company has revised its articles of association and related attachments as part of the board member increase [2]

（文章来源：证券日报） 证券日报网讯 12月19日晚间，华钰矿业发布公告称，公司于2025年12月19日召开职工代表大会，同意 选举王小飞先生为公司第五届董事会职工代表董事。 ...

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） ...