请介绍一下国城矿业在碳酸锂项目上的最新进展和未来规划。 金鑫矿业在去年（2024 年）已经取得了生产批复，目前 150 万吨选厂处于试 运行阶段，今年（2025 年）春季开始生产。500 万吨的矿证申请已通过自然 资源部审核，预计今年上半年可以取得。矿证拿到后，将进行环评、能评、稳 评及安全生产许可等手续，随后动工建设。金鑫矿业党坝锂矿备案的矿石量为 8,400 万吨，预计还有 4,000 万吨以上的增储空间，到 2029 年计划产量规模 达到 650 万吨。 国城矿业 20260105 摘要 金鑫矿业党坝锂矿已备案矿石量 8,400 万吨，预计增储至 1.24 亿吨。 计划至 2029 年产量达 650 万吨，目前资源部审核矿证，后续将进行环 评等手续后动工建设，预计今年产能 100-120 万吨，明年 500 万吨新 证办理顺利，预计产能将达到 200 万吨以上。 金鑫矿业锂矿 2024 年三季度成本约 6 万元/吨，未来 500 万吨项目投 产后，通过减少运输成本、优化选矿药剂、节能降耗及规模效应，碳酸 锂完全成本有望控制在 5 万元以内，具备较强的成本竞争力。 国城锂业 20 万吨锂盐项目一期 6 万 ...

2020-2025年1-11月中国铅产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：豫光金铅（600531），紫金矿业（601899），西部矿业（601168），驰宏锌锗（600497）， 罗平锌电（002114），中金岭南（000060），盛达资源（000603），国城矿业（000688），中色股份 （000758） 相关报告：智研咨询发布的《2026-2032年中国铅合金行业市场供需态势及前景战略研判报告》 根据国家统计局数据显示：2025年11月中国铅产量为70.5万吨，同比增长7.8%；2025年1-11月中国铅累 计产量为702.1万吨，累计增长2.4%。 ...

Group 1 - The core viewpoint of the news highlights the performance of the non-ferrous metal industry, with the National Index for Non-Ferrous Metals (399395) rising by 0.72% and specific stocks like Guocheng Mining (000688) and Huayou Cobalt (603799) showing significant gains [1] - The COMEX gold futures increased by 0.2% to $4,352.3 per ounce, while spot gold rose by 0.17% to $4,338.83 per ounce, indicating a strong momentum in precious metals [1] - The article mentions a policy from the National Development and Reform Commission encouraging mergers and reorganizations in resource-constrained industries like alumina, which has led to a significant rise in alumina prices [1] Group 2 - The Non-Ferrous Metals ETF (159880) closely tracks the National Index for Non-Ferrous Metals, which includes 50 securities that reflect the overall performance of listed companies in the non-ferrous metal sector [2] - As of November 28, 2025, the top ten weighted stocks in the National Index for Non-Ferrous Metals account for 52.34% of the index, with companies like Zijin Mining (601899) and Luoyang Molybdenum (603993) being prominent [2]

Group 1 - Lithium mining sector shows strong performance with companies like Guocheng Mining up over 7% and Shengxin Lithium Energy up over 6% [1][2] - Several companies including Longpan Technology and Hunan Youneng have announced production cuts, with reductions expected to impact output by 3,000 to 35,000 tons [3] - Tianqi Lithium announced a change in its spot trading settlement price, now referencing Mysteel battery-grade lithium salt prices or the main contract price of lithium carbonate futures [3] Group 2 - The lithium mining industry is expected to benefit from rising lithium salt prices and increased demand from energy storage and new energy vehicles, leading to improved profitability [4] - The positive outlook for lithium battery cathode materials is driven by reduced supply from phosphate lithium manufacturers and growing demand from downstream sectors [4] - The energy storage battery sector is anticipated to see performance growth as lithium prices stabilize and demand for storage projects accelerates [4]

Core Viewpoint - The mining sector is experiencing a wave of mergers and acquisitions, driven by the increasing strategic value of mineral resources, which enhances companies' resource reserves and optimizes product structures, thereby improving profitability and risk resilience [1][2][8]. Group 1: Company Actions - Baodi Mining plans to acquire 82% of the shares of Xinjiang Congling Energy Co., Ltd. and 5% from JAAN INVESTMENTS CO.LTD., aiming to increase its iron ore resources from 3.8 billion tons to approximately 4.6 billion tons, representing a 21.75% increase [2][3]. - Guocheng Mining intends to acquire 60% of Guocheng Industrial, which will allow it to diversify its product offerings by adding molybdenum concentrate to its existing portfolio of zinc, lead, and copper concentrates [4]. - Western Mining's subsidiary has obtained a mining license for various minerals, including iron and copper, which will help the company quickly increase its resource reserves and broaden its resource variety [5]. Group 2: Policy Support - Recent policies from central and local governments are providing strong support for mineral resource exploration and industry consolidation, creating a favorable environment for market activity [6][7]. - The Ministry of Natural Resources has issued guidelines to promote a new round of exploration breakthroughs, while the National Development and Reform Commission encourages large enterprises to engage in mergers and acquisitions to enhance competitiveness [7]. - The macroeconomic environment, including expectations of interest rate cuts and rising geopolitical risks, is increasing demand for scarce resources, particularly in sectors like electric vehicles and energy storage [7][8]. Group 3: Industry Outlook - The integration and high-quality development of the mining sector are expected to continue, driven by both policy support and market operations, enhancing the scale effects and bargaining power of leading companies [8]. - The strategic resource sector is particularly important for companies to secure a favorable position in global resource competition, improving the industry's resilience to market fluctuations [8].

Core Viewpoint - Guocheng Mining announced the approval of a proposal to apply for a trust loan during its 47th meeting of the 12th Board of Directors held on December 30, 2025 [2] Group 1 - The meeting took place in Beijing [2] - The proposal for the trust loan was a key agenda item discussed and approved during the meeting [2]

国城矿业股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误 导性陈述或者重大遗漏。 一、担保情况概述 国城矿业股份有限公司（以下简称"公司"或"国城矿业"）分别于 2025 年 9 月 8 日、2025 年 9 月 24 日召开第十二届董事会第四十次会议和 2025 年第六次 临时股东大会审议通过了《关于增加 2025 年度对外担保额度及担保对象的议案》， 同意为公司子公司四川国城锂业有限公司（以下简称"国城锂业"）增加提供不 超过人民币 155,000 万元的担保。上述额度使用期限为自获 2025 年第六次临时 股东大会审议通过之日起至 2026 年 3 月 16 日止。具体内容详见公司于 2025 年 9 月 9 日和 2025 年 9 月 25 日在指定媒体上披露的《关于增加 2025 年度对外担 保额度及担保对象的公告》（公告编号：2025-071）和《2025 年第六次临时股东 大会决议公告》（公告编号：2025-077）。 证券代码：000688 证券简称：国城矿业 公告编号：2025-133 近日，公司子公司国城锂业与长江联合金融租赁 ...

国城矿业股份有限公司 关于申请信托贷款的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 国城矿业股份有限公司（以下简称"公司"）于 2025 年 12 月 30 日召开了 第十二届董事会第四十七次会议，审议通过了《关于申请信托贷款的议案》，现 将具体情况公告如下： 一、信托贷款基本情况 公司拟向中信信托有限责任公司（以下简称"中信信托"）申请信托贷款人 民币 200,000 万元，用于置换内蒙古国城实业有限公司（以下简称"国城实业"） 60%股权收购相关贷款（贷款人为哈尔滨银行股份有限公司成都分行，此项金额 不超过人民币 190,000 万元）、偿还自身及其控股子公司的存量金融负债。 二、信托公司基本情况 1、名称：中信信托有限责任公司 证券代码：000688 证券简称：国城矿业 公告编号：2025-132 三、本次信托贷款协议主要内容 2、法定代表人：芦苇 3、企业类型：有限责任公司（法人独资） 4、注册地址：北京市朝阳区新源南路 6 号京城大厦 5、注册资本：1,127,600 万元人民币 6、经营范围：资金信托；动产信托；不动产信托；有价证券信托； ...

表决结果：8 票同意，0 票反对，0 票弃权。 具体内容详见与本公告同日刊登在公司指定信息披露媒体上的《关于申请信 托贷款的公告》。 特此公告。 第十二届董事会第四十七次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 国城矿业股份有限公司（以下简称"公司"）第十二届董事会第四十六次会 议于 2025 年 12 月 30 日以现场与通讯表决相结合的方式在北京市丰台区南四环 西路 188 号 16 区 19 号楼 16 层会议室召开。经全体董事一致同意豁免提前发出 会议通知的期限要求，本次会议应出席会议董事 8 名，实际出席会议董事 8 名。 本次会议由董事长吴城先生主持，公司部分高级管理人员列席本次会议。本次会 议的召集、召开和表决程序均符合法律法规、规范性文件及《公司章程》的有关 规定，会议经表决形成如下决议： 审议通过《关于申请信托贷款的议案》 证券代码：000688 证券简称：国城矿业 公告编号：2025-131 国城矿业股份有限公司 国城矿业股份有限公司董事会 2025 年 12 月 30 日 ...

Core Viewpoint - Guocheng Mining Co., Ltd. has completed a significant asset acquisition and related transaction, enhancing its competitive edge in the non-ferrous metal mining sector through the acquisition of a controlling stake in Inner Mongolia Guocheng Industrial Co., Ltd. [1] Group 1: Transaction Details - The company has paid a total consideration of 3.168 billion yuan to Guocheng Holding Group Co., Ltd. [1] - The 60% equity stake in Guocheng Industrial has been successfully registered, making it a subsidiary of Guocheng Mining and included in the consolidated financial statements [1] Group 2: Resource and Competitive Advantage - Guocheng Industrial owns the Dazujiji Molybdenum Mine, which is one of the largest molybdenum mines in China, with significant resource quality and capacity [1] - As of August 31, 2023, the mine has a total ore reserve of 123.728 million tons and a molybdenum metal reserve of 144,836 tons, with an average grade of 0.117% [1] Group 3: Strategic Implications - The acquisition will diversify the company's product offerings by adding molybdenum concentrate mining to its existing portfolio of zinc, lead, and copper concentrates [2] - Molybdenum is a critical strategic resource with growing demand across various industries, including defense, aerospace, and renewable energy, which will enhance the company's resilience against market fluctuations in the non-ferrous metal sector [2]