Group 1 - The niobium concept sector is showing strength, with companies like Dongfang Tantalum Industry and Zhongtung High-tech leading in stock price increases [1] - The report indicates that the market is experiencing notable movements in the niobium sector, suggesting potential investment opportunities [1]

小金属板块持续走强，东方钽业、翔鹭钨业、章源钨业涨停，浩通科技、中钨高新、厦门钨业、贵研铂 业、金钼股份、博迁新材等跟涨。 ...

2026年以来，钨价延续了2025年强势上涨态势。据中钨在线2月6日最新报价，主要钨制品涨幅较年初均 超40%，再创历史新高。 钨被称为"工业牙齿"，广泛应用于机械制造、化工、新能源、高端装备等领域，且难以替代。多份机构 研报表示，由于上游供应持续偏紧与下游需求逐步爆发的双重共振格局短期难改，钨价中枢有望持续抬 升。 2026年以来涨幅超40% 2025年至今，钨价经历了前所未有的上涨行情。黑钨精矿、APT（仲钨酸铵）等主要钨制品价格涨幅均 超200%，领涨小金属板块。 2月11日，小金属、稀有金属板块震荡走强，章源钨业、翔鹭钨业盘中创新高，中钨高新、厦门钨业、 东方钽业、中国铀业、锡业股份跟涨。 消息面上，有分析称在全球供应链重构与新兴产业加速崛起的双重驱动下，稀有金属作为支撑能源转 型、高端制造及国家安全的关键战略资源，正迎来新一轮景气周期。 "工业牙齿"价格再创新高！今年以来上涨超40% 2025年7月起，多种化工品、工业制品、原料价格掀起上涨浪潮，引发市场的广泛关注。价格跳动的曲 线背后，藏着市场最关切的三重追问：此轮涨价由何驱动？这波涨势能持续多久？产业链上下游企业的 业绩能否借此迎来修复契机，又将 ...

证券日报网讯 2月10日，东方钽业在互动平台回答投资者提问时表示，东方钽业已于2023年12月份通 过"国家高新技术企业"复审，子公司东方超导于2024年11月荣获"国家高新技术企业"称号；子公司东方 智造于2025年10月荣获"国家高新技术企业"称号。相关财务数据请关注公司届时披露的2025年度报告。 （文章来源：证券日报） ...

Summary of Key Points from the Conference Call Industry Overview - The fusion industry is entering an accelerated phase driven by policy support and capital expenditure, with major countries expected to introduce fusion policies by 2025, marking a shift from laboratory research to industrial layout and regulatory framework development [1] Technological Developments - Low-temperature superconductors (NbTi, Nb₃Sn) are relatively mature, while high-temperature superconductors (REBCO) are anticipated to become the mainstream in the future. The current landscape features a parallel development of low-temperature and high-temperature superconducting materials, with low-temperature superconductors supporting existing fusion device operations due to their industrial application advantages. High-temperature superconductors are seen as key to breakthroughs in next-generation high-field fusion technology due to their superior adaptability to extreme environments [1] Market Dynamics - The magnetic system is identified as a core cost component of fusion projects. Future Tokamak devices are expected to trend towards compact designs and high-temperature superconductors, leading to a significant increase in industry demand. The market size for second-generation high-temperature superconducting tapes for controllable fusion devices is projected to be 300 million yuan in 2024, with an expected growth to 4.9 billion yuan by 2030, representing a compound annual growth rate (CAGR) of 59.3% from 2024 to 2030 [2] Investment Recommendations - It is advised to focus on core supply chain manufacturers in the magnetic component segment: 1. Low-temperature superconductors: Western Superconductors 2. High-temperature superconductors: Shanghai Superconductor (not publicly listed, with Jingda Holdings as the largest shareholder), Lianchuang Optoelectronics, Eastern Superconductor (not publicly listed, a subsidiary of Yongding Co., Ltd.) 3. Core suppliers of tantalum and niobium: Dongfang Tantalum [2]

证券代码：000962 证券简称：东方钽业 公告编号：2026-008 号 宁夏东方钽业股份有限公司 一、同意你公司向特定对象发行股票的注册申请。 二、你公司本次发行应严格按照报送深圳证券交易所的申报文件和发 行方案实施。 三、本批复自同意注册之日起 12 个月内有效。 四、自同意注册之日起至本次发行结束前，你公司如发生重大事项， 应及时报告深圳证券交易所并按有关规定处理。 公司董事会将根据上述文件和相关法律法规的要求及公司股东会的授 权，在规定期限内办理本次向特定对象发行股票的相关事宜，并及时履行 信息披露义务。敬请广大投资者注意投资风险。 特此公告。 宁夏东方钽业股份有限公司董事会 2026 年 2 月 10 日 关于向特定对象发行股票申请获得中国证券监督管理委员会同意 注册批复的公告 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。 宁夏东方钽业股份有限公司（以下简称"公司"）于 2026 年 2 月 9 日 收到中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于 同意宁夏东方钽业股份有限公司向特定对象发行股票注册的批复》（证监 许可〔2026〕 ...

Group 1 - The fusion industry is entering an accelerated phase driven by policy support and capital expenditure, with major countries expected to introduce fusion policies by 2025, marking a shift from laboratory research to industrial layout and regulatory framework construction [2][9] - Domestic policy support for controllable nuclear fusion is forming a clear advancement logic, with a national framework being established to optimize regulatory processes and provide clear guidance for technological research and development [6][8] - The superconducting materials landscape is characterized by a parallel development of low-temperature superconductors (NbTi, Nb₃Sn) and high-temperature superconductors (REBCO), with low-temperature superconductors currently supporting existing fusion operations and high-temperature superconductors poised to become key for next-generation high-field fusion technology breakthroughs [2][3][27] Group 2 - The magnet system is a core cost component of fusion projects, with the ITER project showing that component costs account for 86%, of which magnets represent 28%, primarily due to the reliance on high-cost low-temperature liquid helium for cooling [3][55] - In high-temperature superconducting projects, the cost of the magnet system is expected to increase further, as seen in the ARC project where the magnet system accounts for 46% of the total cost [57] - The global market for second-generation high-temperature superconducting tapes used in controllable nuclear fusion devices is projected to grow from 300 million yuan in 2024 to 4.9 billion yuan by 2030, with a compound annual growth rate (CAGR) of 59.3% from 2024 to 2030 [3][65] Group 3 - Investment recommendations focus on the magnet segment of the fusion system, which is currently transitioning from low-temperature to high-temperature technology, indicating a significant demand increase driven by the capital expenditure cycle in nuclear fusion [3][8] - The BEST project, aimed at bridging the gap between experimental and demonstration reactors, is expected to accelerate capital expenditure, with significant procurement activities already underway [59][63] - The global market for superconducting materials is expected to see substantial growth, driven by the increasing demand for high-temperature superconductors in fusion applications, with REBCO materials showing significant potential for enhancing magnetic field strength and reducing magnet size [27][31]

Core Viewpoint - Dongfang Tantalum Industry is focusing on the technological transformation of its production lines for tantalum and niobium products, which are essential materials in high-temperature alloys and high-end products [2] Group 1: Product Lines and Applications - The "Tantalum and Niobium Pyrometallurgical Product Production Line Technology Transformation Project" produces a variety of products including tantalum and its alloy ingots, niobium and its alloy ingots, tantalum-niobium carbides, tantalum rods, niobium rods, melted niobium, and melted tantalum, which are widely used as important additives in high-temperature alloy materials and as fundamental raw materials for high-end tantalum and niobium products [2] - The "Tantalum and Niobium Plate and Strip Product Production Line Technology Transformation Project" focuses on tantalum and niobium alloy products, currently offering complete processing capabilities for tantalum and niobium target blanks and related products, superconducting niobium materials, high-performance tantalum and niobium strips, tantalum furnace materials, and tantalum-niobium corrosion-resistant materials, with applications in semiconductors, chemical corrosion prevention, and aerospace [2] - The "Annual Production of 100 Niobium Superconducting Cavities Project" primarily produces niobium superconducting cavities, which are mainly used in large scientific devices such as particle accelerators and synchrotron light sources [2]

Group 1 - The core viewpoint of the article highlights the technological upgrades in the production lines of tantalum and niobium products by Dongfang Tantalum Industry, which are essential raw materials for high-temperature alloys and high-end products [1] - The 'Tantalum and Niobium Pyrometallurgical Product Production Line Technology Upgrade Project' focuses on producing tantalum and niobium ingots, which are crucial for various high-tech applications [1] - The 'Tantalum and Niobium Plate and Strip Product Production Line Technology Upgrade Project' targets applications in semiconductors, chemical corrosion resistance, and aerospace industries [1] - The 'Annual Production of 100 Niobium Superconducting Cavities Project' is aimed at producing components primarily used in large scientific installations such as particle accelerators and synchrotron light sources [1]

Core Viewpoint - Dongfang Tantalum Industry has received a positive review from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, indicating compliance with issuance and listing conditions, as well as information disclosure requirements [1] Group 1 - The company received the review opinion letter from the Shenzhen Stock Exchange on January 7, 2026 [1] - The stock issuance to specific targets is subject to approval from the China Securities Regulatory Commission before implementation [1]