Core Viewpoint - The company is responding to investor inquiries regarding the operational status and ownership of the Mirador copper mine, indicating that the mine's second phase is set to begin heavy load testing in July 2025, and it holds a 70% stake in the operating entity [2]. Group 1 - The Mirador copper mine's second phase expansion project is scheduled to start heavy load testing in July 2025 [2]. - The company holds a 70% equity stake in China Railway Construction Copper Crown Investment Co., Ltd., which is the main operating entity of the Mirador copper mine [2]. - Investors are interested in the projected profits from the Mirador copper mine based on the average LME copper price for 2025, specifically for the year 2026 [2].

铜陵有色金属集团股份有限公司董事会 2025年12月31日 附件：王彪先生简历 王彪先生：1994年4月出生，中国国籍，理学博士研究生，地质工程师。2022 年8月至2024年11月于合肥工业大学材料科学与工程学科博士后科研流动工作站 从事博士后研究工作；2024年12月至今任公司矿产资源中心地质工程师。 王彪先生未直接持有公司股份；与持有公司5%以上股份的股东、实际控制人、 公司其他董事、高级管理人员不存在关联关系；未受过中国证监会及其他有关部 门的处罚和证券交易所纪律处分，不存在因涉嫌犯罪被司法机关立案侦查或者涉 嫌违法违规被中国证监会立案稽查，尚未有明确结论的情形；未曾被中国证监会 在证券期货市场违法失信信息公开查询平台公示或者被人民法院纳入失信被执 行人名单；不存在《深圳证券交易所上市公司自律监管指引第1号--主板上市公 司规范运作》第3.2.2条第一款规定的不得提名为董事、高级管理人员的情形， 符合有关法律、行政法规、部门规章、规范性文件等要求的任职资格。 证券代码：000630 证券简称：铜陵有色 公告编号：2025－120 铜陵有色金属集团股份有限公司 关于选举第十届董事会职工董事的公告 本公司 ...

Group 1 - The core viewpoint is that the copper market is experiencing strong demand and supply mismatch, with optimistic economic expectations supporting price increases, while caution is advised regarding short-term price volatility [1][2][3] - On December 26, major metal prices surged, with COMEX copper rising by 4.96% to $5.8515 per pound and Shanghai copper increasing by 3.33% to 101,380 yuan per ton, marking a new historical high [1][2] - Factors contributing to the strong market sentiment include supply chain disruptions, resource nationalism, and a gradual economic recovery in major economies, leading to a strong willingness to buy copper [2] Group 2 - The economic outlook for 2026 is moderately optimistic, with the Federal Reserve projecting GDP growth of 2.1%-2.5%, which is expected to support industrial metal demand and further increase copper prices [3] - Despite the positive outlook, there are concerns about inflation and potential impacts on Federal Reserve interest rate policies, which could affect copper prices [3] - Investment recommendations include leading industrial metal companies such as Zijin Mining, Luoyang Molybdenum, Western Mining, Tongling Nonferrous Metals, Yunnan Copper, Jiangxi Copper, and Jincheng Mining [3]

Group 1 - The core point of the news is that Tongling Nonferrous Metals Group Co., Ltd. has seen a stock price increase of 1.05%, reaching 5.79 yuan per share, with a trading volume of 1.18 billion yuan and a turnover rate of 1.87%, resulting in a total market capitalization of 77.641 billion yuan [1] - The company, established on November 12, 1996, and listed on November 20, 1996, is located in Tongling City, Anhui Province, and primarily engages in copper mining, smelting, and processing [1] - The revenue composition of the company includes 83.78% from copper products, 13.58% from gold and other by-products, 2.18% from chemical and other products, and 0.46% from other sources [1] Group 2 - From the perspective of major fund holdings, one fund under Fidelity has a significant position in Tongling Nonferrous, holding 117,900 shares, which accounts for 0.33% of the fund's net value, making it the sixth-largest holding [2] - The Fidelity fund, named "Fidelity Renyuan Steady Three-Month Holding Mixed (FOF) A," was established on January 15, 2025, with a latest scale of 58.5176 million yuan and has achieved a return of 3.38% since inception [2] - The fund manager, Zhao Qiang, has been in the position for 6 years and 255 days, managing total assets of 189 million yuan, with the best fund return during his tenure being 32.27% and the worst being -18.31% [2]

年度报告——铜 革故鼎新，迭创新高 | [T走ab势le_评R级an：k] | | | 铜：看涨 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 报告日期： | 2025 | 年 | 12 | 月 | 30 | 日 | [Table_Analyser] | [★Ta原bl料e_端Summary] 矿端紧缺加剧，冷料补充有限，预计 2026 年全球铜矿产量边际 增长至 30-45 万金属吨。极端天气频发、地缘政策潜变、资源民 族主义抬头、矿石品位下降及水资源紧张、社区问题不稳及罢 工潜在威胁已经构成"系统性扰动风险"。 ★冶炼端 有 色 金 加工利润继续恶化，产能限制风险抬升，冶炼主动降负荷范围 扩大，2026 年全球精铜产量边际增长恐低于 50 万吨。明年将更 多围绕减产预期博弈，盘面及结构均会受到影响。海外供给生 态更为脆弱，间接影响铜元素进口。副产品收益继续观察。 ★需求端 需求新周期悄然开启，"旧动能不弱，新动能更强"，乐观预 计 2026 年全球铜需求边际增速超过 4%。新能源需求与国内传统 需求阶段被低估风险上升，明年存在阶 ...

Group 1 - The core point of the article is that Tongling Nonferrous Metals announced the approval of several proposals during its third extraordinary shareholders' meeting for 2025, including the addition of directors and the formulation and revision of certain management systems [1] - The company also approved the proposal regarding the expected daily related transactions for the year 2026 [1]

证券代码：000630 证券简称：铜陵有色 公告编号：2025－119 铜陵有色金属集团股份有限公司 2025 年第三次临时股东会决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示 1.本次股东会未出现否决提案的情形。 2.本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议的召开情况 1.召开时间 现场会议召开时间为：2025 年 12 月 29 日（星期一）下午 14：30。 网络投票时间为：2025 年 12 月 29 日。 其中：通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 12 月 29 日（星期一）的交易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00。通过 深圳证券交易所互联网投票系统投票时间为：2025 年 12 月 29 日（星期一）9:15 至 15:00 期间的任意时间。 2.现场会议召开地点：安徽省铜陵市长江西路有色大院西楼公司办公楼三楼 大会议室。 3.召开方式：本次股东会议采取现场投票与网络投票相结合的方式。 4.召集人：公司董事会。 5.现 ...

安徽承义律师事务所 关于 铜陵有色金属集团股份有限公司 召开 2025 年第三次临时股东会的 法律意见书 安徽承义律师事务所 中国.合肥市政务区怀宁路 200 号栢悦中心 5 楼 邮编: 230022 电话（Tel）:（86-551）65609815 传真（Fax）:（86-551）65608051 网址（Website）:www.chengyi-law.com 电子信箱（E-mail）：chengyilawyer@163.com 安徽承义律师事务所 关于铜陵有色金属集团股份有限公司 召开 2025 年第三次临时股东会的法律意见书 (2025)承义法字第 00293 号 致:铜陵有色金属集团股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东 会规则》等法律法规和其他规范性文件的要求，安徽承义律师事务所接受铜陵有 色金属集团股份有限公司（以下简称"公司"）的委托，指派束晓俊、万晓宇律师 （以下简称"本律师"）就公司召开 2025 年第三次临时股东会（以下简称"本次股 东会"）出具法律意见书。 一、本次股东会召集人资格和召集、召开的程序 经核查，本次股东会是由公司第十届董事会召集，公 ...

Group 1: Market Overview - The three major indices continued to rise, with the Shanghai Composite Index recording an 8-day winning streak, suggesting a potential return to 4000 points by year-end. The total trading volume reached 2.18 trillion yuan, a new high for December [1][27]. Group 2: Metal Sector Performance - The non-ferrous metal sector led the market, with the Non-ferrous ETF Huabao (159876) surging by 3.77%, marking a new high since its listing. The sector has seen a nearly 94% increase year-to-date, making it one of the standout sectors [2][5][27]. - The lithium battery supply chain experienced a significant rise, with the main contract for lithium carbonate breaking through 130,000 yuan per ton, reaching a new high since November 2023. The chemical ETF (516020) also saw a price increase of over 2% [3][28]. Group 3: Investment Outlook - Institutions remain optimistic about the non-ferrous metal sector, with China International Capital Corporation (CICC) predicting that non-ferrous and precious metals will be part of the "first tier" of upward trends in 2026 [2][7]. - Analysts believe that the current market rally is supported by improved fundamentals, liquidity, and a favorable macroeconomic environment, with the non-ferrous metal sector being in a "golden era" [7][35]. Group 4: Aerospace and Military Sector - The commercial aerospace sector remains active, with the successful launch of 17 low-orbit satellites using the Long March 8 rocket, contributing to the rise of the General Aviation ETF (159231) and Military Industry ETF (512810), both gaining over 1% [4][29]. - The Military Industry ETF Huabao (512810) reached a new high, with a weekly increase of 6.05%, significantly outperforming the market [11][39]. Group 5: Brokerage Sector Performance - The brokerage sector showed signs of activity, with the top brokerage ETF (512000) rising by 1.89% at one point during the day, although it only closed up 0.86%. The sector has lagged behind the market, with a year-to-date increase of only 3.96% [18][20][30]. - Analysts suggest that the brokerage sector is entering a new growth cycle, driven by factors such as increased market activity and opportunities in direct financing for technology enterprises [22][23].

Group 1 - The core viewpoint of the article indicates that the Anhui state-owned enterprise reform sector experienced a slight increase of 0.27% compared to the previous trading day, with Tongling Nonferrous Metals leading the gains [1] - On the same day, the Shanghai Composite Index closed at 3963.68, up by 0.1%, while the Shenzhen Component Index closed at 13603.89, up by 0.54% [1] - The net capital flow in the Anhui state-owned enterprise reform sector showed a net outflow of 542 million yuan from main funds, while retail investors contributed a net inflow of 600 million yuan [1]