镓铟锡合金在室温下为液态，其热胀冷缩特性与汞类似，性能稳定，测量精准，但成本较高：一支不到10元的水银温度 计，若换成无汞体温计，价格可能高达20元至30元。 自明年1月1日起，水银体温计就将停产。近日，不少人开始抢购水银体温计，导致价格大涨。 12月15日A股开盘，九安医疗（002432.SZ）股价上涨超过5%，截至发稿股价上涨近3%，近五个交易日，安泰科技五日涨 幅近18%，株冶集团五日涨幅近6%。 据第一财经记者亲身经历，水银温度计属于危险品，是禁止被携带上飞机的。一旦水银体温计破碎后，要及时收集散落汞 珠，并且不能让皮肤直接接触水银。可用两张纸片或者薄塑料板，将洒落在地面上的汞珠收集起来，放入塑料或玻璃瓶 中，并在瓶中加入少量水，以隔绝空气防止水银挥发。 据中国医疗器械行业协会数据，此前国内每年生产约1.2亿支含汞体温计，仅因破损而需处理的汞就达10吨以上。尽管单支 体温计含汞量小，但其庞大的使用基数，使得每年通过破碎、报废途径泄漏的汞总量与潜在风险绝对不容忽视。吴晓波提 出的问题也引发思考："能不能设计出一个摔不破的水银体温计？" 目前市场上除了电子体温计、耳温枪等常用体温计，无汞玻璃体温计也是一种 ...

Investment Rating - The industry rating is "Recommended" [3] Core Views - Short-term lithium prices are expected to remain volatile, with a positive outlook on antimony, cobalt, tungsten, and tin due to a reassessment of strategic metal values [1][2][7] - Supply concerns in the nickel market are supported by the lack of new approvals from Indonesia's RKAB, which may lead to price stabilization [1][28] - The cobalt market is expected to see continued price increases due to structural supply tightness, with Congo's export regulations impacting availability [2][5][16] - Antimony prices are anticipated to converge towards higher overseas prices due to export controls and tight domestic supply [6][17] - The lithium market is experiencing a strong demand backdrop, with expectations of continued inventory depletion supporting prices [7][17] - The rare earth market is tightening due to Vietnam's export ban, which is expected to support prices [9][18] - Tin prices are supported by ongoing supply concerns from overseas sources, particularly from Myanmar and Congo [11][20] - Tungsten prices are expected to remain supported due to supply constraints and regulatory controls [12][21] - The uranium market is facing supply tightness, which is likely to support prices amid geopolitical uncertainties [14][22] Summary by Sections Nickel and Cobalt Industry Update - Nickel prices are under pressure due to stable demand but cautious purchasing from smelters, with LME nickel closing at $14,420 per ton, down 2.04% [1][28] - Cobalt prices are expected to rise further, with Congo's export regulations causing supply constraints [2][5][16] Antimony Industry Update - Domestic antimony prices are lower compared to international prices, but supply tightness is expected to support future price increases [6][17] Lithium Industry Update - Lithium carbonate prices have increased, with a strong demand outlook from the electric vehicle sector [7][17] Rare Earth Industry Update - Vietnam's recent export ban on rare earths is expected to tighten global supply and support prices [9][18] Tin Industry Update - Tin prices are supported by supply concerns from Myanmar and Congo, with LME tin prices rising to $41,905 per ton [11][20] Tungsten Industry Update - Tungsten prices are expected to remain high due to supply constraints and regulatory measures [12][21] Uranium Industry Update - The uranium market is facing supply tightness, with prices supported by geopolitical factors and production delays [14][22]

12月12日，A股市场有色金属股普涨，其中，锡业股份、国城矿业、驰宏锌锗、西部矿业涨超3%，金 诚信、中金岭南、中金黄金、上大股份、山金国际、云铝股份涨超2%。 责任编辑：栎树 股票频道更多独家策划、专家专栏，免费查阅>> | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 000960 | 锡业股份 | 1 | 3.49 | 429亿 | 89.59 | | 000688 | 国城矿业 | 1 | 3.42 | 283亿 | 103.45 | | 600497 | 驰宏锌猪 | | 3.41 | 337亿 | 23.51 | | 601168 | 西部矿业 | 兼 | 3.00 | 613亿 | 70.38 | | 603979 | 金诚信 | | 2.87 | 432亿 | 92.53 | | 000060 | 中金岭南 | 泰 | 2.67 | 239亿 | 17.24 | | 600489 | 中金黄金 | | 2.66 | 1085亿 | 91.05 | | 301522 | 上大股份 | 1 ...

格隆汇12月12日｜A股市场有色金属股普涨，其中，锡业股份、国城矿业、驰宏锌锗、西部矿业涨超 3%，金诚信、中金岭南、中金黄金、上大股份、山金国际、云铝股份涨超2%。 ...

（文章来源：证券日报） 证券日报网讯 12月11日，锡业股份在互动平台回答投资者提问时表示，截至2025年12月10日收市，公 司登记在册的股东人数为81070户。 ...

此外，钴、锡等亦有明显上涨。12月10日，沪锡2601期货主力合约上涨2.22%，10月以来已累计上涨15.74%；钴现货平均价12月10日达到40.8万元/吨，10 月以来累计上涨16.91%。其他还有锡现货平均价10月以来累计上涨13.89%。稀土价格企稳回升，生意社数据显示，镨钕氧化物12月9日报价58.5万元/吨， 较10月初上涨4%。 小金属多品种显著上涨 多重因素推动 小金属价格上涨，主要受供给端约束、宏观环境利好、下游需求增长等因素推动。从供给端来看，钨受开采指标总量控制和环保要求加严的双重约束；钴 方面，刚果（金） 一项旨在控制钴供应的出口禁令到期后矿业公司仍未获准恢复出口；锡同样受到原产地供应减少影响，缅甸佤邦锡矿复产进度缓慢， 出口量维持低位。 宏观环境方面，市场对美联储降息有较强预期，降息通常导致美元走弱，从而支撑以美元计价的大宗商品价格。据报道，12月美联储宣布降息25个基点的 概率为87.6%。下游需求方面，新能源、半导体、军工等产业需求快速增长，提振战略小金属预期。 西部证券研报认为，2023年以来，中国对战略小金属的出口管制措施持续升级；价格方面，钨等价格均持续创出新高，在各国均 ...

12月10日，A股小金属板块震荡上行，板块指数收盘上涨0.79%，板块中西部材料涨停，云南锗业上涨 6.31%，锡业股份、中矿资源等跟涨。 小金属多品种显著上涨 消息面上，近期多个小金属品种显著上涨，其中钨涨价最为明显。中钨在线数据显示，截至12月10日， 黑钨精矿（≥65%）最新报价36.3万元/吨，年初至今上涨153.85%；仲钨酸铵（APT）报价53.5万元/吨， 年初至今上涨153.55%；钨粉报价880元/千克，年初至今上涨178.48%，均创历史新高。 西部证券研报认为，2023年以来，中国对战略小金属的出口管制措施持续升级；价格方面，钨等价格均 持续创出新高，在各国均追求产业链和供应链自主的大环境下，战略金属和小金属有望迎来一轮估值重 构的机遇，国内锑出口有望放开，重点关注钴、锑、钨板块。 两大资金积极加仓 近期小金属板块持续获得资金加仓。Wind数据显示，12月10日小金属板块获主力资金净流入17.32亿 元，在申万二级行业中排名居前，近5个交易日获主力资金净流入54.43亿元。 西部材料12月10日获主力资金净流入12.74亿元居首，公司股票实现4日3板。公告显示，公司凭借钛合 金中厚板、宽 ...

Investment Rating - The investment rating for the tin industry is "Outperform the Market" (maintained) [1] Core Insights - Tin is an essential minor metal with increasing resource scarcity. As of the end of 2024, global tin reserves are estimated at 4.2 million tons, with a production of 300,000 tons. The reserve-to-production ratio has decreased from around 20 years in 2010 to 14 years in 2024, indicating a low level of reserves compared to production [2][21] - Global tin supply is expected to decline significantly by 2025 due to decreasing ore grades and various unpredictable factors affecting major production areas. China, the largest producer, has seen a decline in domestic production since 2015 due to lower ore grades and stricter environmental regulations [2][21] - Demand for tin is projected to remain stable or increase, driven by the semiconductor industry and other applications. The global demand for tin is expected to reach 386,000 tons in 2025, with a steady growth forecast through 2027 [2][21] - A significant shortage of refined tin is anticipated in 2025, with a projected supply-demand gap of approximately 16,000 tons. This gap may narrow in subsequent years as production resumes in Myanmar and new projects come online [2][21] - Key companies in the industry include Xiyang Co., Xingye Yinxin, and Huaxi Nonferrous [2] Summary by Sections Industry Overview - Tin is characterized by its low melting point and good conductivity, making it irreplaceable in solder applications. The global distribution of tin reserves is concentrated in a few countries, with China holding the largest share [2][21] Supply Dynamics - The global tin supply has been stable around 300,000 tons in recent years, but significant declines are expected due to various factors affecting major production areas, including environmental regulations and resource depletion [2][21] Demand Dynamics - The semiconductor sector is a major driver of tin demand, with a strong correlation to electronic product production. The demand for tin in solder applications is expected to grow, supported by a recovery in semiconductor sales [2][21] Price Trends - Tin prices have seen significant fluctuations, with a notable increase of 46% since early 2024. The average price for tin in 2024 is projected to be 248,300 yuan per ton, reflecting a year-on-year increase of 16.92% [12][21] Regional Insights - China's tin production has been on a downward trend, with production expected to be 69,000 tons in 2024, down from previous highs. Despite this, China remains the largest producer and holder of tin reserves globally [34][21]

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月9日小金属板块较上一交易日下跌1.1%，锡业股份领跌。当日上证指数报收于 3909.52，下跌0.37%。深证成指报收于13277.36，下跌0.39%。小金属板块个股涨跌见下表： 从资金流向上来看，当日小金属板块主力资金净流出6.83亿元，游资资金净流入1.16亿元，散户资金净 流入5.66亿元。小金属板块个股资金流向见下表： ...

Group 1: Precious Metals - Gold - The weakening of the US dollar credit remains the core logic for gold pricing in 2025, with a notable negative correlation between gold prices and the dollar's share in global foreign exchange reserves [11][12] - The Federal Reserve is expected to continue its rate-cutting cycle into 2026, which may support gold prices, especially with concerns over the independence of monetary policy due to potential changes in leadership [13][15] - The long-term trend of weakening US dollar credit is not expected to change, with the US fiscal deficit projected to reach 6.9% of GDP in 2024, indicating ongoing structural issues in the US fiscal system [16][17] Group 2: Industrial Metals - Supply constraints for copper are expected to intensify, with significant disruptions in overseas copper mining projects leading to a projected decrease in output by over 100,000 tons in 2025 [23][24] - The demand for copper is anticipated to grow significantly due to the rise of AI and data centers, with each MW of installed capacity requiring approximately 27 tons of copper [27][28] - The macroeconomic environment, characterized by a weak dollar and continued rate cuts by the Federal Reserve, is expected to drive copper prices upward [29][31] Group 3: Energy Metals - The supply of lithium and cobalt is expected to improve significantly due to the end of overseas capacity clearances and the implementation of supply constraint policies by major producing countries [33] - The demand for energy metals is projected to benefit from the resilience of battery technologies and the growth of the energy storage sector, leading to a positive supply-demand dynamic [33][34] Group 4: Tin - The supply of tin is tightening due to regulatory changes in Indonesia and ongoing production disruptions in Myanmar, with exports from Indonesia declining by approximately 20% year-on-year [45][46] - The global demand for refined tin is expected to grow, particularly in the electronics sector, driven by high semiconductor sales and the increasing use of tin solder in AI and high-performance computing applications [51]