记者丨董鹏 编辑丨朱益民 10024亿元，A股再增万亿市值龙头。 1月6日早盘，紫金矿业涨幅达到6.5%，总市值首破1万亿元。A股市值排名升至13位的同时，也超越了 力拓（1月5日美股收盘市值9499.2亿元左右），成为全球市值第二大的矿业公司。截至收盘紫金矿业仍 涨超6%。 而以上二级市场的突出表现，又受到来自行业、企业等多方面的利好驱动。 首先，紫金矿业的铜、金两大主营矿种连续三年上涨，尤其是伦敦金以64.56%的涨幅成为2025年表现 最好的大宗商品之一，带动全球黄金行业上市公司股价大涨。 Wind数据显示，截至2025年末，市值超过1000亿元的有色行业上市公司涨幅中位数在88%左右，同期 全球前十大的黄金企业涨幅中位数则达到172.82%，领跑有色行业大盘。 其次，是紫金矿业一直强调的"成长性"。2023年以来，公司矿产金迅速放量，由67.7吨增加至2025年的 90吨，产量增速明显高于铜产品，并在2025年成为公司利润第一大来源。 量、价双重驱动下，体量可观的紫金矿业近两年盈利增速依旧保持在50%以上，2025年预计盈利更是突 破500亿元。 接下来，如若紫金矿业能够站稳万亿市值，与市值高达1.1 ...

紫金矿业1月6日大宗交易平台共发生2笔成交，合计成交量31.81万股，成交金额1196.06万元。成交价格 均为37.60元。 进一步统计，近3个月内该股累计发生17笔大宗交易，合计成交金额为14.42亿元。 证券时报·数据宝统计显示，紫金矿业今日收盘价为37.60元，上涨6.21%，日换手率为1.73%，成交额为 131.92亿元，全天主力资金净流入10.29亿元，近5日该股累计上涨12.14%，近5日资金合计净流入14.20 亿元。 两融数据显示，该股最新融资余额为84.18亿元，近5日增加7.87亿元，增幅为10.31%。（数据宝） 1月6日紫金矿业大宗交易一览 | 成交量 （万 | 成交金额 | 成交价 | 相对当日收盘 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | | （万元） | 格 | 折溢价（%） | | | | 股） | | （元） | | | | | 18.81 | 707.26 | 37.60 | 0.00 | 中国国际金融股份有限公司北 | 平安证券股份有限公司 | | | | | | 京建国门外大街证券营业部 | ...

记者丨 董鹏 编辑丨朱益民 10024亿元，A股再增万亿市值龙头。 1月6日早盘，紫金矿业涨幅达到6.5%，总市值首破1万亿元。A股市值排名升至13位的同时， 也超越了力拓（1月5日美股收盘市值9499.2亿元左右），成为全球市值第二大的矿业公司。截 至收盘紫金矿业仍涨超6%。 万亿矿业巨头，去年 股价 涨幅1 3 3% 在此之前，紫金矿业2025年股价已经取得了133%的上涨，这是公司自2008年上市以来涨幅最 大的一年。 而以上二级市场的突出表现，又受到来自行业、企业等多方面的利好驱动。 首先，紫金矿业的铜、金两大主营矿种连续三年上涨 ，尤其是伦敦金以64.56%的涨幅成为 2025年表现最好的大宗商品之一，带动全球黄金行业上市公司股价大涨。 Wind数据显示，截至2025年末，市值超过1000亿元的有色行业上市公司涨幅中位数在88%左 右，同期全球前十大的黄金企业涨幅中位数则达到172.82%，领跑有色行业大盘。 其次，是紫金矿业一直强调的"成长性"。 2023年以来，公司矿产金迅速放量，由67.7吨增加 至2025年的90吨，产量增速明显高于铜产品，并在2025年成为公司利润第一大来源。 量、价双重驱 ...

在经过2025年超64%的涨幅后，投资机构对于2026年黄金涨幅趋向于谨慎，但是对于涨幅超146%的白银仍然 充满想象力。比如，美国银行金属研究报告认为，黄金今年仍将是关键的投资组合对冲工具，预计2026年黄金 均价将达到每盎司4538美元（目前已经4458美元），而白银价格可能飙升至每盎司135至309美元的峰值区间。 在美国芝商所两次上调保证金之后，黄金白银等贵金属大幅震荡下，仍然保持高位上冲姿态，铜、铝等基 本金属则在不断刷新历史高位。 在经过2025年超60%的涨幅后，投资机构对于2026年黄金涨幅趋向于谨慎，但是对于涨幅超146%的白银仍然 充满想象力。而国投白银LOF（161226）份额仍在创下历史高点。相对于贵金属而言，期货市场资金更偏爱铜 铝等基本金属，特别是铜在两个交易日资金大幅净流入。 白银比黄金还有想象空间 1月6日，国内黄金主力2602合约收盘时，报价继续站上1000元/克关口上方。而白银主力2604合约，收盘价格 创下历史新高，报19452元/千克，涨幅7.06%，成交量和持仓量均大幅增长，其中成交量增加了125.8万手，持 仓量大幅增加了3.8万手，在5日23.9万手基础上升高到2 ...

2025年全年，紫金矿业大涨133%，将市值推升到9200亿元，距离万亿市值只差一个涨停的涨幅；结果2026年开年后，只用两个交易日就完成万亿市值目标 了。 【市场】2026年两个交易日过后，A股又增加一只市值超过万亿元的股票。 1月5日，A股第一个交易日，紫金矿业上涨2.7%，市值超过9400亿元。1月6日，紫金矿业再接再厉，盘中大涨超过6%，市值站上万亿元。 截至1月5日收市，A股市值超过万亿元企业共计14家，紫金矿业成为第十五个市值破万亿元的企业。 | 序号 | 证券代码 | 证券简称 | 省份 | 总市值(不可回测) | | | --- | --- | --- | --- | --- | --- | | | | | | [交易日期] 最新收盘日 | | | | | | | [单位] 亿元 | | | 1 | 601398.SH | 工商银行 | 北京 | | 27.800 | | 2 | 601288.SH | 农业银行 | 北京 | | 26,459 | | ਤੇ | 601939.SH | 建设银行 | 北京 | | 23,963 | | 4 | 600941.SH | 中国移动 | 北京 | | ...

Market Overview - The A-share market continues to show strong performance, with the Shanghai Composite Index achieving a 13-day winning streak, reaching a new 10-year high, and total trading volume of 2.83 trillion yuan [1][2] - Over 4,100 stocks rose, with 143 stocks hitting the daily limit up, indicating a broad market rally [1] Financial Sector - The financial sector experienced a significant surge, with major stocks like Huayin Securities and Huashan Securities hitting the daily limit up [1] - The Financial Technology ETF (159851) rose by 4.45%, marking its eighth consecutive day of gains, with a net subscription of 181 million units [1] - The top broker ETF (512000) surged by 4.07%, achieving the largest single-day increase since October 2025, with a trading volume of 3.393 billion yuan, a 146% increase from the previous day [1][2] Commodity Sector - The non-ferrous metals and chemical sectors also saw strong performance, with Zijin Mining and Luoyang Molybdenum reaching historical highs [1] - The Non-Ferrous Metals ETF (159876) rose over 4%, achieving a new listing high, with a net subscription of 39 million units [1][7] - The Chemical ETF (516020) increased by 3.38%, reaching a new high since September 2022, with over 350 million yuan in net inflows over the past five days [1][13] Aerospace and Defense Sector - The commercial aerospace sector saw a surge in stock prices, with multiple stocks hitting the daily limit up [1] - The General Aviation ETF (159231) rose by 3.69%, achieving a new listing high, with a net subscription of 21 million units [1] Future Outlook - Huatai Securities expresses optimism for the spring market, suggesting that the technical model indicates a recovery phase for major indices, with the Shanghai Composite Index entering a bullish zone [1] - The report recommends focusing on growth styles and themes related to domestic demand improvement as key investment strategies [1][6]

Company News - China Pharmaceutical plans to acquire 70% stake in Shanghai Zezheng Pharmaceutical for 525 million yuan, aiming to enhance its comprehensive strength in pharmaceutical R&D innovation [3] - Lens Technology is a strategic investor in Strong Brain Technology, exclusively undertaking the mass production of its core hardware modules [3] - Shengyang Co. intends to acquire 51% stake in Shenzhen Daren Gaoke Electronics for 74.47 million yuan to expand its energy storage BMS layout [4] - Zijin Mining's stock price has risen for four consecutive days due to the increase in non-ferrous metal prices and expected earnings growth in 2025, with its market value surpassing 1 trillion yuan for the first time [4] - Chuangyuan Xinke's merger and acquisition materials have been officially accepted by the Beijing Stock Exchange, with plans to acquire 100% stake in Weiyu Tiandao [4] Industry News - Multiple commercial aerospace concept stocks, including China Satellite and Aerospace Electronics, have issued announcements warning about speculative risks [3] - The Ministry of Water Resources has called for accelerated construction of a modern water network by 2026 to solidify the water conservancy foundation for agricultural and rural modernization [2]

Core Viewpoint - The non-ferrous metals sector has shown remarkable performance, dominating the annual growth rankings in 2025 and continuing its strong upward trend into 2026, driven by various macroeconomic and industry-specific factors [1][2][7]. Group 1: Market Performance - As of January 6, 2026, multiple futures contracts in the non-ferrous metals market have surged, with lithium carbonate futures hitting a limit-up of 8.99%, closing at 137,940 yuan/ton, more than doubling since mid-2025 [2]. - Major contracts for silver, platinum, and palladium have also seen significant increases, with silver rising by 7.06%, platinum by 6.02%, and palladium by 5.16%, while industrial metals like copper, tin, and nickel have risen over 4% [4]. - Zijin Mining, a leading player in the sector, saw its stock price increase by 6.5%, pushing its market capitalization past 1 trillion yuan, making it the only non-ferrous company in A-shares to reach this milestone [4]. Group 2: Catalysts for Price Increases - The strong price increases in non-ferrous metals are characterized by an enhanced trend of interlinked price movements, particularly driven by the surge in lithium-related sectors, especially lithium carbonate [8][10]. - A key factor supporting the rise in lithium prices is the delayed resumption of production at the Jiangxi Jianxiawo lithium mine due to compliance and regulatory issues, which has tightened the supply in the market [10]. - The recent spike in silver prices was catalyzed by geopolitical events, specifically a U.S. military operation in Venezuela, which triggered a surge in safe-haven buying [13]. Group 3: Supply and Demand Dynamics - The copper market is experiencing a tight supply situation, exacerbated by production halts at major mines due to accidents and declining ore grades, which have led to increased extraction costs [13]. - Aluminum prices are nearing historical highs, supported by a combination of steady demand growth and rigid supply constraints, with new capacity growth projected at only 1.8% in 2025 [15]. - Nickel prices are expected to rebound as Indonesia reduces its mining quotas, while recent policy changes in Vietnam regarding rare earths are also expected to support price increases in that sector [15][16]. Group 4: Investment Trends - The current market environment is characterized by a strong resonance between capital and industry cycles, with historical data indicating that periods of monetary easing often correlate with significant price increases in non-ferrous metals [20]. - The demand for non-ferrous metals is being driven by the growth of new technologies, including AI and renewable energy, which are expected to further enhance the sector's attractiveness as a core asset class [21][22]. - Analysts predict that the non-ferrous metals sector will continue to experience a bullish trend in 2026, with copper and lithium being highlighted as key investment areas due to their supply-demand dynamics [22][24].

1月6日早盘，紫金矿业涨幅达到6.5%，总市值首破1万亿元。A股市值排名升至13位的同时，也超越了力拓（1月5日美股收盘市值9499.2亿元左右），成 为全球市值第二大的矿业公司。 在此之前，紫金矿业2025年股价已经取得了133%的上涨，这是公司自2008年上市以来涨幅最大的一年。 10024亿元，A股再增万亿市值龙头。 时来天地皆同力。当主观意愿与客观上涨的金价重合时，紫金矿业的市值管理取得了明显成效。 而以上二级市场的突出表现，又受到来自行业、企业等多方面的利好驱动。 首先，紫金矿业的铜、金两大主营矿种连续三年上涨，尤其是伦敦金以64.56%的涨幅成为2025年表现最好的大宗商品之一，带动全球黄金行业上市公司 股价大涨。 Wind数据显示，截至2025年末，市值超过1000亿元的有色行业上市公司涨幅中位数在88%左右，同期全球前十大的黄金企业涨幅中位数则达到172.82%， 领跑有色行业大盘。 其次，是紫金矿业一直强调的"成长性"。2023年以来，公司矿产金迅速放量，由67.7吨增加至2025年的90吨，产量增速明显高于铜产品，并在2025年成为 公司利润第一大来源。 量、价双重驱动下，体量可观的紫金矿 ...

Group 1 - The non-ferrous metal sector is leading the market, with Zijin Mining's market capitalization surpassing 1 trillion yuan for the first time, and Luoyang Molybdenum reaching a historical high [1][3] - The popular non-ferrous metal ETF, Huabao (159876), saw a maximum intraday increase of 4.4%, closing up 4.21%, marking four consecutive days of gains [1] - The ETF experienced a significant increase in trading volume, with a total turnover of 72.79 million yuan, a 47% increase compared to the previous period [1] Group 2 - The titanium dioxide industry has seen a joint price increase announcement, leading to a surge in stocks such as Anning Co. and Vanadium Titanium Co. [3] - As of January 5, 2025 earnings forecasts for four leading companies in the non-ferrous metal sector predict double-digit growth in net profits year-on-year, with Zijin Mining expected to achieve a net profit of 51 to 52 billion yuan, a growth of 59% to 62% [3][4] - Longjiang Securities anticipates that the price increase and liquidity will create a favorable environment for precious metals, while industrial metals like copper and aluminum are expected to see a strong performance due to economic recovery and supply-demand optimization [4][6] Group 3 - The Huabao non-ferrous metal ETF and its linked funds cover a wide range of sectors including copper, aluminum, gold, rare earths, and lithium, allowing for better capture of the sector's beta performance [4] - The ETF has seen a net subscription of 39 million units in a single day, following a total net inflow of 56.48 million yuan over the previous four days, indicating strong market interest [1][3] - The overall sentiment in the non-ferrous metal sector is optimistic, with expectations of a "super cycle" driven by various market dynamics [4]