智通财经APP获悉，花旗发布研报称，已更新中国铝业(02600)模型以反映最新的铝价和氧化铝价格预 测，并将中铝2025至2027年净利润预测分别上调2%、4%、7%至140亿、191亿及219亿元人民币，H股 目标价从12.41港元向上修订至15.94港元。花旗预期，中铝将受益于持续走高的铝价及铝利润空间，维 持为首选推荐。 ...

花旗发表研报指，已更新中国铝业模型以反映最新的铝价和氧化铝价格预测，并将中铝2025至2027年净 利润预测分别上调2%、4%、7%至140亿、191亿及219亿元，H股目标价从12.41港元上调至15.94港元。 花旗预期，中铝将受益于持续走高的铝价及铝利润空间，维持为首选推荐。 ...

Action | 07 Jan 2026 10:23:57 ET │ 15 pages Aluminum Corporation of China (2600.HK) Benefit from Hiking Aluminum Price, Maintain as Top Pick CITI'S TAKE We update our Chalco model to factor in updated aluminum and alumina price forecast. We revise our 2025E/26E/27E net profit forecast by +2%/+4%/+7% to Rmb14.0/19.1/21.9bn and revise TP for H-share to HK$15.94 (from HK$12.41). We expect Chalco to benefit from higher for longer aluminum price and aluminum margin. Maintain as Top Pick. We will host a 2026 busi ...

3. 期股联动, 当有色板块的紫金矿业(601899),中国铝业(601600), 锡业股份 (000960),中钨高新(000657)等等股票纷纷大涨,创十年新高后,煤炭极块还 在地板,难道是卖方喊崇声音不够大,还是买方组合里面真的就不需要那零点几分 之几?若不见中证煤炭板块(39998)昨日大涨3.73%,君不懂股票板块要轮动,期 股联动的风终于吹到了煤焦期货。 4. 基本邮+期货盘由,秦皇岛动力煤库存自25年12月22日以来,从737万吨持续去库 至1月7日的525万吨,CCTD环渤海5500大卡动力煤指数也在跌至680元/吨得到支撑。 进口蒙煤一李度长协66-69美元左右,折合现货800-830元/吨,折合期货盘面920- 950元/吨,再悲观一些接货折价处理-100元,JM期货真的就要这么早触碰去年6月 700元/吨的政策反内卷前低点?1月3日JM期货增仓5.3万张,收盘仅仅下跌34.5元 已经说明了做多交易的阻力最小。期货博弈就是博赔率,向下100但向上300元。 5. 不用纠结于政策的传闻,25年7月的查超产政策不妨碍25年原煤产量会创新高至48 亿吨,26年的陕西保供矿井产能核销政策与山西省煤 ...

个股方面，87只个股获融资净买入额超1亿元。北方稀土获融资净买入额居首，净买入8.38亿元；融资净买入金额居前的还有航天发展、紫金矿业、香农芯 创、中国铝业、招商银行、澜起科技、信维通信、珂玛科技、中钨高新等。 | 序号 | | | | | | --- | --- | --- | --- | --- | | | 证券代码 ◆ | 证券简称 = | 交易日期÷ | 融资净买入额(万元) ◆ | | 1 | 600111.SH | 北方稀土 | 2026-01-07 | 83,805.36 | | 2 | 000547.SZ | 航天发展 | 2026-01-07 | 77.192.41 | | 3 | 601899.SH | 蒙美矿业 | 2026-01-07 | 54,104.59 | | ব | 300475.SZ | 香农芯创 | 2026-01-07 | 53,010.37 | | 5 | 601600.SH | 中国铝业 | 2026-01-07 | 50,680.43 | | 6 | 600036.SH | 招商银行 | 2026-01-07 | 43,869.23 | | 7 | 688008.S ...

资金流向方面，申万31个一级行业中有27个行业获融资净买入，其中，电子行业获融资净买入额居首，当日净买入63.93亿元；获融资净买入居前的行业还 有有色金属、国防军工、医药生物、机械设备、通信等。 1月7日，A股两融余额为26047.42亿元，较上一交易日增加248.42亿元，占A股流通市值比例为2.55%。当日两融交易额为3312.32亿元，较上一交易日增加 23.26亿元，占A股成交额的11.49%。 个股方面，87只个股获融资净买入额超1亿元。北方稀土获融资净买入额居首，净买入8.38亿元；融资净买入金额居前的还有航天发展、紫金矿业、香农芯 创、中国铝业、招商银行、澜起科技、信维通信、珂玛科技、中钨高新等。 上证报中国证券网讯（卢伊 记者 徐蔚）1月7日，A股两融余额为26047.42亿元，较上一交易日增加248.42亿元，占A股流通市值比例为2.55%。当日两融交 易额为3312.32亿元，较上一交易日增加23.26亿元，占A股成交额的11.49%。 | 序号 | | | | | | --- | --- | --- | --- | --- | | | 证券代码 ◆ | 证券简称 = | 交易日期 ◆ ...

恒生指数低开0.59%，恒生科技指数跌0.44%。盘面上，银行股走强，招商银行涨近1%；有色金属板块 走弱，中国铝业跌超2%；科网股低迷，阿里巴巴、百度集团均跌超1%。 关于港股后市 中信证券认为，受益于内部的"十五五"催化以及外部主要经济体的"财政+货币"双宽松，港股2026年有 望迎来第二轮估值修复以及业绩进一步复苏的行情，建议关注科技、大医疗、资源品、必选消费、造纸 和航空板块。 光大证券认为，国内政策发力叠加美元走弱，港股未来或继续震荡上行。港股整体盈利能力相对较强， 同时互联网、新消费、创新药等资产相对稀缺。此外，尽管港股已经连续多月上涨，但是整体估值仍然 偏低，长期配置性价比仍较高。 东吴证券认为，港股从现在进入震荡上行期，仍需将红利作为底仓，把握上半年的科技成长行情。南向 潜在增量资金保险和固收+会继续增配价值红利。考虑估值，AH对比视角，南向资金整体会增配港股 科技成长股票，但港股科技行情仍会受海外降息节奏和美股科技行情影响，需动态观察。 兴业证券表示，建议积极做多，港股有望在恒生科技指数的带领下开启春季攻势。中期看，2026年港股 牛市将继续，盈利、流动性有望协同驱动行情。风险偏好的变化或呈 ...

Group 1 - The prices of non-ferrous metals are on an upward trend due to multiple factors such as geopolitical risks, supply-demand dynamics, and policy support, leading to optimistic performance forecasts for the sector [1][4] - The Ministry of Natural Resources announced a new round of mineral exploration actions, achieving significant results during the 14th Five-Year Plan period, including the discovery of 10 large oil fields and 19 large gas fields, with substantial increases in resources like uranium, copper, gold, lithium, and potassium salt [2] - The Ministry of Industry and Information Technology projects an average annual growth of about 5% in the added value of the non-ferrous metal industry and a 1.5% annual growth in the production of ten major non-ferrous metals from 2025 to 2026 [2] Group 2 - Major non-ferrous metal prices are expected to continue rising in 2025, with significant increases reported: London gold up 64.56%, London silver up 147.79%, and LME copper and tin both over 30% [3] - Investment demand, particularly from emerging fields like artificial intelligence and energy storage, is anticipated to drive a new commodity cycle, with industrial metal prices expected to rise further due to ongoing liquidity easing and supply constraints [4] - The non-ferrous metal sector has seen net inflows of 12.981 billion yuan since December 2025, with several companies, including Ganfeng Lithium and Zijin Mining, receiving significant financing [5] Group 3 - Companies such as Chifeng Gold and Zijin Mining have announced positive earnings forecasts for 2025, with Chifeng Gold expecting a net profit of 3 to 3.2 billion yuan, a year-on-year increase of 70% to 81%, and Zijin Mining projecting a net profit of 51 to 52 billion yuan, a year-on-year increase of 59% to 62% [6][7] - Chifeng Gold's expected gold production for 2025 is approximately 14.4 tons, with sales prices rising by about 49%, while Zijin Mining plans to produce 105 tons of gold, 120,000 tons of copper, 12,000 tons of lithium carbonate, and 520 tons of silver in 2026 [7]

Core Viewpoint - The announcement of strengthened export controls on dual-use items to Japan by China has positively impacted the rare earth permanent magnet sector, leading to significant stock price increases in related companies [1][2]. Group 1: Market Reaction - The rare earth permanent magnet sector saw a rise of 2.26% as of January 7, with nearly 80% of stocks in the sector increasing in value [1]. - Notable stock performances included Zhong Rare Earth (600259.SH) with a 7.08% increase, Greeenmei (002340.SZ) at 7.99%, and Zhongke Magnetic (301141.SZ) at 7.13% [1]. - During trading, Zhong Rare Earth and Greeenmei briefly hit the daily limit up [1]. Group 2: Export Control Details - The Ministry of Commerce announced a ban on all dual-use items to military users in Japan, which includes materials that can enhance military capabilities [2]. - Violations of this regulation will lead to legal consequences for organizations and individuals transferring dual-use items to Japan [2]. - Dual-use items encompass a wide range of goods, including rare earth materials, which are critical for various applications [2]. Group 3: Japan's Dependency on China - Japan's overall dependence on Chinese rare earth imports has decreased from approximately 90% to 60%, but it remains highly concentrated in key categories [3]. - Critical rare earth elements like dysprosium and terbium, used in electric vehicle motors, are still nearly 100% reliant on China [3]. Group 4: Industry Impact and Future Outlook - The export of neodymium-iron-boron magnets to Japan has historically been around 5%, suggesting that even with restrictions, the overall export volume may not significantly decline due to support from other markets [5]. - Companies in the magnetic materials sector will need to reassess their development strategies and consider shifting orders to other regions [5]. - The tightening of export controls is expected to enhance the pricing power of Chinese companies in the gallium and germanium markets, with export prices significantly exceeding domestic prices [7]. - The shift in export policies is prompting a transition of downstream industries towards China, leading to an upgrade in the gallium and germanium sectors [9]. Group 5: Strategic Resource Controls - Recent export control policies have included other strategic minerals such as gallium, germanium, and tungsten, which are critical for various industries [6][10]. - The controls on graphite, a key material for lithium-ion batteries, are expected to disrupt the supply chain for Japanese battery manufacturers and accelerate the overseas expansion of China's graphite industry [10].

（原标题：中国铝业成立铝基新材料公司，注册资本2.5亿） 企查查APP显示，近日，中铝绿材（文山）铝基新材料有限公司成立，法定代表人为姚建军，注册资本 为2.5亿元，经营范围包含：常用有色金属冶炼；有色金属铸造；有色金属压延加工；有色金属合金制 造等。企查查股权穿透显示，该公司由中国铝业（601600）旗下中铝（云南）绿色先进铝基材料有限公 司全资持股。 ...