Group 1 - Precious metals are experiencing a correction due to increased margin requirements by CME, leading to a decrease in speculative sentiment and a drop in prices for silver, platinum, and palladium, with gold also following suit. Short-term outlook remains positive due to potential political events in the Americas around New Year's that may trigger safe-haven demand, alongside inflows into ETFs driven by interest rate cuts [1][2] - Copper prices have risen, supported by a supply-demand imbalance expected in 2026 due to lowered production forecasts from Freeport and Teck Resources. The expectation of increased fiscal spending by the U.S. government further strengthens this outlook, suggesting that current price adjustments present buying opportunities [2] - Aluminum is recommended for buying on dips, with macroeconomic support expected from the implementation of a national subsidy plan in 2026 aimed at stimulating demand. Supply disruptions are anticipated due to maintenance at the Mozal aluminum plant, while demand remains constrained by high prices and environmental production limits [2] Group 2 - Cobalt prices have increased across the board, with electrolytic cobalt prices rising significantly due to tight supply conditions. The domestic raw material market remains structurally tight, providing solid support for prices [3] - Lithium prices have surged, driven by favorable signals from domestic new energy vehicle subsidies and expected production resumption from a key mine. The overall demand for lithium hexafluorophosphate remains strong, suggesting that carbonated lithium will continue to deplete inventories, making it a buy on dips [3] - Investment recommendations include companies such as Xingye Silver Tin, Xiyang Co., Huaxi Nonferrous, and Zijin Mining, among others, indicating a focus on firms within the precious metals and base metals sectors [4]

证券之星消息，1月5日工业金属板块较上一交易日上涨2.55%，兴业银锡领涨。当日上证指数报收于4023.42，上涨1.38%。深证成指报收于 13828.63，上涨2.24%。工业金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000426 | 兴业银锡 | 39.16 | 10.00% | 107.80万 | 40.90 乙 | | 600531 | 豫光金铅 | 12.59 | 7.15% | 144.20万 | 18.08亿 | | 601600 | 中国赣州 | 13.02 | 6.55% | 458.67万 | 59.57亿 | | 600615 | 整原書造 | 11.82 | 5.72% | 5.95万 | 6959.03万 | | 300328 | 宜安科技 | 18.01 | 5.51% | 60.53万 | 10.75亿 | | 000603 | 盛达资源 | 32.65 | 5.46% | 50.39万 | 16.35 Z | | 300697 | ...

Group 1 - The non-ferrous metal sector continues to rise, with Hunan Silver approaching the daily limit increase, and Yuguang Gold Lead rising over 7% [1] - Silver Nonferrous, Shengda Resources, and Xingye Silver Tin have also shown significant gains [1] - Spot gold and silver prices surged during the Asia-Pacific trading session [1]

Group 1 - The core viewpoint of the news is the performance and market position of Inner Mongolia Xingye Silver Tin Mining Co., Ltd, which has seen a stock price increase of 1.12% to 37.11 CNY per share, with a total market capitalization of 65.894 billion CNY [1] - The company was established on August 23, 1996, and listed on August 28, 1996, focusing on the mining and smelting of non-ferrous and ferrous metal resources [1] - The main business revenue composition includes: silver (34.80%), tin (30.81%), zinc (19.32%), lead (5.12%), iron (3.34%), antimony (2.90%), copper (2.01%), gold (0.66%), bismuth (0.32%), and other minerals (0.72%) [1] Group 2 - From the perspective of fund holdings, Western Li De Fund has a significant position in Xingye Silver Tin, with its quantitative growth mixed fund holding 326,800 shares, accounting for 0.97% of the fund's net value [2] - The fund has achieved a year-to-date return of 34.1% and a one-year return of 31.81%, ranking 2655 out of 8085 in its category [2] - The fund manager, Sheng Fengyan, has a tenure of 9 years and 40 days, with the best fund return during this period being 198.21% [3]

Group 1 - Silver industry stocks opened at the limit down price, indicating significant market pressure [1] - Yuguang Gold Lead and Xinye Silver Tin experienced declines exceeding 5% [1] - Hunan Silver, Jiangxi Copper, and Yunnan Copper also opened lower, reflecting a broader downturn in the sector [1]

Group 1 - The core viewpoint of the news is that the recent sharp decline in precious metal prices has led to a significant drop in the A-share market for non-ferrous metal stocks, with silver-related stocks experiencing the most substantial losses [1] - Precious metals have seen a widespread drop after a period of rapid increases, with spot gold falling over 4% from around 4547 USD to approximately 4300 USD, spot silver dropping from 84 USD to 70.5 USD, and spot palladium declining from 1983 USD to 1592 USD, ultimately closing down over 14% [1] Group 2 - Silver-related stocks experienced notable declines, with Silver Industry Co. down 7.53%, Hunan Silver down 6.59%, and Precision Arts Co. down 5.73% [2] - Other companies also faced losses, including Yuguang Gold Lead down 5.64%, Dingsheng New Materials down 5.20%, and Xinye Silver Tin down 4.87% [2] - The total market capitalization of these companies varies, with Silver Industry Co. at 42.7 billion, Hunan Silver at 19.2 billion, and Ganfeng Lithium at 131.2 billion [2]

Core Viewpoint - The significant drop in precious metal spot prices has led to a collective decline in the A-share market's non-ferrous metal stocks, with silver-related stocks experiencing the most substantial losses [1][2]. Group 1: Market Performance - Silver non-ferrous stocks fell sharply, with Silver Industry Co. down over 7%, Hunan Silver down over 6%, and several other companies like Jingyi Co., Yuguang Gold Lead, and Dingsheng New Materials dropping over 5% [1]. - The overall market saw declines, with companies such as Xinye Technology, Guiyan Platinum, and Ganfeng Lithium also experiencing drops exceeding 4% [1]. Group 2: Precious Metal Price Movements - Recent surges in precious metals have reversed, with spot gold dropping over 4%, falling from approximately $4,547 to around $4,300 [2]. - Spot silver saw a significant decline from $84 to $70.5, while palladium prices plummeted from $1,983 to $1,592, ultimately closing down over 14% [2].

Core Viewpoint - As of December 19, 2025, the total number of registered shareholders for Xingye Yinx (000426) is reported to be 98,900 households [1] Company Information - The company has engaged with investors through an interactive platform, indicating a level of transparency and communication with its shareholder base [1] - The specific date mentioned for the shareholder count suggests a forward-looking perspective on shareholder engagement and potential growth [1]

Group 1 - The core viewpoint of the article is that Xingye Yinxin (000426) is the second-largest tin concentrate producer in China, with a projected production of 8,902 tons of tin metal in 2024 according to the China Nonferrous Metals Industry Association Tin Branch statistics [1] Group 2 - The company responded to investor inquiries on an interactive platform, confirming its production status and future projections [1] - The statistics provided highlight the company's significant position within the domestic tin industry [1]

（编辑 任世碧） 证券日报网讯 12月29日，兴业银锡在互动平台回答投资者提问时表示，2025年初至目前，公司未开展 白银的套期保值业务，仅于11月下旬启动少量锡的套期保值操作，过程中严格把控交易风险，控制建仓 规模、审慎开展相关操作。套期保值业务不会对公司当期经营业绩构成重大影响。具体情况敬请关注公 司在指定媒体发布的2025年年度报告。 ...