Core Viewpoint - The non-ferrous metal sector is experiencing significant growth, with major companies like Zijin Mining and Luoyang Molybdenum reaching historical highs, and the popular ETF, Huabao Non-ferrous ETF, hitting record levels as well [1][10] Group 1: Market Performance - On January 6, the non-ferrous metal sector led the market, with Zijin Mining's market capitalization surpassing 1 trillion yuan for the first time [1][10] - Huabao Non-ferrous ETF (159876) saw a price increase of 4.21%, reaching a new historical high [1][10] - The ETF has experienced a net inflow of 97.49 million yuan over the past five days, totaling 126 million yuan over the last 20 days, indicating strong market interest [1][10] Group 2: Economic Indicators - Federal Reserve Governor Milan indicated that upcoming economic data may support further interest rate cuts, with expectations of a reduction exceeding 100 basis points this year [3][12] - Analysts from CITIC Securities believe that as long as the Fed remains in a rate-cutting cycle, non-ferrous metal prices will continue to have upward momentum [3][12] Group 3: Sector-Specific Insights - In the aluminum sector, concerns over the stability of electrolytic aluminum supply have arisen due to the indefinite shutdown of the Mozal aluminum plant in Mozambique, with global demand expected to increase by 150,000 to 187,000 tons by 2026 [4][13] - The copper market is projected to face a supply gap exceeding 100,000 tons by 2026, driven by regional supply mismatches and optimistic demand forecasts from the U.S. and China [4][13] - In the gold market, geopolitical tensions, particularly regarding Venezuela, are expected to drive safe-haven investments into precious metals, maintaining a strong outlook for gold prices [4][13] Group 4: Future Outlook - Various institutions are bullish on non-ferrous metal prices, with UBS raising its 2026 gold price target to $5,000 and Citigroup predicting copper prices to reach $15,000 per ton by mid-year [5][14] - The non-ferrous sector is anticipated to enter a bull market driven by a convergence of monetary policy, demand, and supply dynamics [5][14][6] Group 5: ETF Coverage - Huabao Non-ferrous ETF and its associated funds cover a wide range of sectors including copper, aluminum, gold, rare earths, and lithium, allowing investors to capture the overall sector's performance across different economic cycles [7][15]

我国将开展新一轮找矿行动。机构认为，投资需求有望继续拉动贵金属价格中枢上行。 国晟科技停牌核查 1月6日晚间，国晟科技发布公告，2025年10月31日至2026年1月6日期间，公司股票5次触及股价异常波动、1次触及严重异常波动情形，这期间累计涨幅高 达370.20%，公司股价累计涨幅偏离基本面，存在市场情绪过热、非理性炒作风险，存在股价短期快速回落风险。为维护广大投资者利益，根据相关规 定，公司股票将于2026年1月7日（星期三）开市起停牌，预计停牌时间不超过3个交易日，公司股票将自披露核查公告后复牌。公司提醒广大投资者注意 二级市场交易风险。 公司最新市净率显著高于行业平均水平，股价存在明显泡沫化特征。公司所属电气机械和器材制造业最新市净率为3.22，公司市净率为17.47，高于行业平 均水平。公司主营业务未发生变化，且处于亏损状态。公司2025年前三季度归母净利润为-1.51亿元，扣非归母净利润为-1.52亿元，敬请广大投资者注意 公司业绩风险。 另外，公司还提示，对外投资的推进实施存在不确定性、收购股权尚无实质性进展、公司控股股东股份质押比例较高的风险。 此前，公司于2025年10月14日披露了《关于对 ...

Group 1 - Goldman Sachs downgraded Baosteel and China Aluminum while upgrading Yanzhou Coal and China Coal Energy [1] - ByteDance's "Doubao" AI glasses are rumored to be released, but the company clarified there are no concrete sales plans [1][3] - The market's reaction to news is often driven by underlying capital movements rather than the news itself [1][4] Group 2 - Shareholders of various companies, including Pioneer Technology and Baichuan Energy, plan to reduce their holdings by up to 3% [3] - Significant share unlocks are occurring, with Baichuan Energy's unlock amount estimated at 96.319 billion yuan, accounting for 72.20% of total shares [3] - The electric vehicle market is expected to see only a 13% growth in global sales by 2026, influenced by various regulatory changes [3] Group 3 - The perception of stock price movements can be misleading; declines may indicate institutional accumulation rather than weakness [4][9] - Data analysis reveals that stocks experiencing "capital grabbing" often show signs of future price increases [5][6] - Institutions may use price declines as opportunities to accumulate shares, contrary to public sentiment [8][10]

自然资源部消息，"十四五"期间，我国新一轮找矿突破战略行动取得新成效，全面完成"十四五"找矿目 标。自然资源部表示，"十四五"期间，国家聚焦重点矿种，编制"一矿一策"方案进行攻坚，新发现10个 大型油田、19个大型气田，铀、铜、金、锂、钾盐资源量大幅增长。其中，辽宁大东沟金矿探明量 1444.49吨。2026年，我国将继续开展新一轮找矿突破战略行动，同时，开展"圈而不探"专项整治，严 厉打击违法开采战略性矿产资源行为。 自然资源部表示，"十五五"期间，我国将进一步完善战略性矿 产资源的勘查、生产、供应、储备与销售统筹衔接体系，强化战略性矿产资源安全风险监测预警，制定 提高勘探、开发、储备能力方案。元旦假期结束以来，有色金属板块持续走高，行业指数2个交易日大 涨6.98%，天力复合、湖南白银、中国铝业等16股累计涨幅均在10%以上。资金面上来看，2025年12月 以来，有色金属行业获融资净买入达到109.7亿元，净流入金额在全行业中排名第四，紫金矿业、赣锋 锂业、西部材料、中国铀业、天齐锂业、兴业银锡融资净买入金额均超过5亿元。 ...

证券日报网讯1月6日，中国铝业（601600）在互动平台回答投资者提问时表示，截至2025年9月30日， 公司股东总数为356252户。 ...

Group 1 - The A-share market opened positively on January 5, 2026, with major indices rising, and the Guozhen Free Cash Flow Index increasing by approximately 0.4% [1] - Notable stocks such as Fenghuo Communication reached the daily limit, with others like Yaxiang Integration, Salt Lake Co., and China Aluminum also seeing gains [1] - The largest free cash flow ETF (159201) experienced a net inflow of over 450 million yuan in the last 10 trading days, bringing its total size to 8.596 billion yuan, indicating significant capital inflow [1] Group 2 - CICC's strategy team defined 2026 A-shares as "riding the momentum," highlighting the strengthening logic of international monetary order reconstruction and the critical application phase of the AI revolution [1] - The performance of China's innovative industries is expected to continue supporting asset performance, with the importance of fundamentals in A-shares increasing after a period of valuation repair [1] - The free cash flow ETF (159201) and its linked funds are designed to closely track the Guozhen Free Cash Flow Index, selecting stocks with positive and high free cash flow, indicating high quality and strong risk resistance suitable for long-term investment [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601600 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | 2. 股份分類 | 普通股 | 股份類別 | H | | 於香港 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鋁業股份有限公司 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601600 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | ...

每经AI快讯，"A股绿色报告"项目监控到的数据显示，中国铝业（601600）控股子公司兰州铝业有限公 司兰州铝业扁锭生产线深井铸造安全隐患综合治理项目环评审批获原则同意。该项目总投资额达3945万 元。该审批信息于2025年12月11日被相关监管机构披露。 "A股绿色报告"项目由每日经济新闻联合环保领域知名NGO公众环境研究中心（IPE）共同推出，旨在 让上市公司环境信息更加阳光透明。本项目基于31个省（区、市）、337个地级市政府发布的权威环境 监管数据，筛选监控上市公司及其旗下公司（包括分公司、参股公司和控股公司）的环境表现，加以专 业数据分析及深入解读，每日智能写作及时发布上市公司AI绿报，每周推出A股绿色周报，定期动态更 新上市公司环境风险榜。 (记者 刘志远 魏官红) 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 上期（总第227期）A股绿色周报显示，共有4家上市公司在近期暴露了环境风险。 ...

有色金属板块全面飘红，安宁股份、锡业股份涨停，华友钴业、湖南白银、中国铝业、华锡有色、洛阳钼业、紫金矿业等跟涨。有色矿业ETF招商 （159690）涨4.33%，盘中成交超2900万元，近7个交易日获资金连续净流入3300万元。 中信建投观点认为，工业金属价格由"金融属性"及"商品属性"共同决定，从金融属性来看，美联储已开启降息周期；从商品属性来看，全球铜铝库存均处于 相对低位，中国经济复苏可期，叠加新能源行业的拉动，铜铝需求增长将有所好转。 有色矿业ETF招商（159690）紧密跟踪有色矿业指数，集中投资于拥有上游矿产资源的企业，包括北方稀土、紫金矿业、洛阳钼业、华友钴业、中国铝业、 山东黄金等拥有大量资源储量的公司。从历史表现看，有色矿业指数2025年全年涨幅达104.84%，同期有色金属行业指数涨幅94.73%，相比同类指数锐度更 高。 | | 近1年涨跌幅 | 近1年最大回撤 | | --- | --- | --- | | 有色矿业 | 99.45% | -13.76% | | 工业有色 | 91.17% | -13.43% | | 右色令屋 | 7607 CD | -13 31% | | 证券代码 ...