证券日报网讯12月12日，山金国际（000975）在互动平台回答投资者提问时表示，目前公司生产经营活 动一切正常，年度产量情况请以公司的信息披露公告为准。 ...

Group 1: Precious Metals - The report emphasizes the long-term allocation value of precious metals, particularly gold, supported by central bank purchases and a weakening dollar credit system [10][11][44] - Gold demand is expected to remain strong due to central bank purchases, with a total of 219.85 tons purchased in Q3 2025, marking a historical high [18][20] - Silver is projected to experience strong price momentum due to persistent supply-demand gaps and low domestic inventory levels [28][39] Group 2: Copper - The copper mining sector is expected to maintain low growth rates, with a projected supply shortage in 2026 due to ongoing mining and smelting conflicts [12][45] - Global copper production is anticipated to increase by approximately 10,000 tons, 70,000 tons, and 84,000 tons from 2025 to 2027, while smelting capacity is expected to rise by 217,000 tons, 100,000 tons, and 20,000 tons respectively [12][47] - The report suggests focusing on leading companies in the copper sector, such as Zijin Mining and Jiangxi Copper, as supply tightens [2][12] Group 3: Aluminum - The aluminum market is expected to maintain a tight balance, with domestic production growth rates projected at 2.2%, 1.4%, and 0.4% from 2025 to 2027 [3][13] - Demand for aluminum remains resilient, driven by investments in new energy and power grids, with a projected domestic demand growth of 2.6%, 1.0%, and 3.6% over the same period [3][13] - The report highlights the importance of high dividend stocks in the aluminum sector, recommending companies like China Hongqiao and Tianshan Aluminum [3][13] Group 4: Cobalt - The cobalt supply chain is being reshaped by policies in the Democratic Republic of Congo, leading to a significant reduction in global supply, with projections of only 96,600 tons contributed annually from 2026 to 2027 [4][14] - Demand for cobalt is expected to grow, particularly in high-end electric vehicles and solid-state batteries, with a projected global shortage of 32,000 tons and 31,000 tons in 2026 and 2027 respectively [4][14] - Companies benefiting from cobalt price elasticity, such as Huayou Cobalt and Luoyang Molybdenum, are recommended for investment [4][14]

近期，美联储降息落地、全球央行持续增持黄金与市场配置需求升温，黄金资产的战略配置价值进一步凸显。 12月11日凌晨，美联储如期完成年内第三次降息，宣布下调联邦基金利率25个基点至 3.50%-3.75%，累计降息幅度达 75 个基点。美联储主席鲍威尔在新闻 发布会上释放偏鸽信号，明确 "加息并非基准预期"，同时宣布美元短期国债购买计划，向市场注入流动性。系列操作直接推动美元指数显著走弱，美债收 益率同步下行，显著降低黄金资产持有成本，为金价上行打开空间。 全球央行的持续增持则为黄金资产筑牢长期支撑。截至11月末，中国央行已连续13个月增持黄金。全球维度看，尽管央行购金规模未及过去三年峰值，但仍 远高于历史平均水平，波兰、巴西等国央行同步加仓，形成全球范围的购金热潮，进一步强化了黄金的储值属性。 市场端，在债券回报疲软、股市泡沫隐忧并存的背景下，投资者为寻求组合多元化配置，加大黄金资产布局。 黄金股票ETF基金紧密跟踪中证沪深港黄金产业股票指数，中证沪深港黄金产业股票指数从内地与香港市场中，选取50只市值较大且业务涉及黄金采掘、冶 炼、销售的上市公司证券作为指数样本，以反映内地与香港市场中黄金产业上市公司证券的 ...

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 ...

从资金流向上来看，当日贵金属板块主力资金净流出7.23亿元，游资资金净流入2.75亿元，散户资金净 流入4.48亿元。贵金属板块个股资金流向见下表： 证券之星消息，12月11日贵金属板块较上一交易日上涨0.3%，山金国际领涨。当日上证指数报收于 3873.32，下跌0.7%。深证成指报收于13147.39，下跌1.27%。贵金属板块个股涨跌见下表： 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。 fund ...

股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 消息面上，美联储联邦公开市场委员会(FOMC)发布了最新的利率决议，宣布降息25个基点，将联邦基 金利率目标区间降至3.50%-3.75%。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 002428 | 云南省业 | 1 | 8.75 | 209亿 | 69.90 | | 000975 | 山金国际 | 1 | 8.43 | 671亿 | 60.18 | | 688231 | 隆达股份 | 1 | 8.25 | 70.28亿 | 102.84 | | 001280 | 中国知业 | 1 | 6.43 | 1406亿 | 280.04 | | 600961 | 株冶集团 | | 6.01 | 169亿 | 99.62 | | 688122 | 西部船号 | 1 | 5.36 | 460亿 | 67.43 | | 300963 | 中洲特材 | 演 | 3.44 | 88.24 乙 | 208.86 | | 000962 | 东方铝业 | ...

Core Insights - The A-share market saw a strong performance in the non-ferrous metal sector, with notable gains from companies such as Yunnan Zhenye, Shanjin International, and Longda Co., which rose over 8% [1] - The Federal Open Market Committee (FOMC) of the Federal Reserve announced a 25 basis point interest rate cut, lowering the federal funds rate target range to 3.50%-3.75% [1] Company Performance - Yunnan Zhenye: Increased by 8.75%, with a total market capitalization of 20.9 billion and a year-to-date increase of 69.90% [2] - Shanjin International: Rose by 8.43%, with a market cap of 67.1 billion and a year-to-date increase of 60.18% [2] - Longda Co.: Gained 8.25%, with a market cap of 7.028 billion and a year-to-date increase of 102.84% [2] - China Uranium Industry: Increased by 6.43%, with a market cap of 140.6 billion and a year-to-date increase of 280.04% [2] - Zhuhai Group: Rose by 6.01%, with a market cap of 16.9 billion and a year-to-date increase of 99.62% [2] - Western Superconducting: Increased by 5.36%, with a market cap of 46 billion and a year-to-date increase of 67.43% [2]

Core Insights - The gold industry is experiencing a significant upward trend, with the CSI Gold Industry Index rising by 1.80% and gold stock ETFs increasing by over 2% [1][2] - The Federal Reserve's recent decision to lower interest rates by 25 basis points has contributed to a more favorable environment for gold investments, as market volatility and geopolitical risks continue to rise [2][3] - The World Gold Council forecasts a strong performance for gold in 2026, with potential price increases of 15% to 30% due to various economic factors [3] Group 1: Market Performance - The CSI Gold Industry Index (931238) has shown a strong increase of 1.80%, with leading stocks such as Shanjin International (000975) rising by 7.09% [1][2] - Gold stock ETFs (517520) have gained over 80% year-to-date, indicating robust investor interest and market performance [1][2] Group 2: Economic Factors - The Federal Reserve has reduced the federal funds rate target range to 3.50%-3.75%, which is expected to enhance market activity and support gold prices [2] - Trump's criticism of the Fed's rate cut reflects a demand for more aggressive monetary easing, which may further elevate market risk and bolster gold's appeal as a safe-haven asset [2] Group 3: Future Outlook - The World Gold Council's report highlights that gold had an exceptional year in 2025, with returns exceeding 60%, and anticipates continued strong performance in 2026 [3] - Factors such as declining U.S. Treasury yields, heightened geopolitical risks, and increased demand for safe-haven assets are expected to support gold prices in the coming years [3] - The cyclical demand and structural trends are projected to resonate, keeping gold and silver prices in an upward trajectory [3]

黄金题材板块表现活跃，多只涉金个股迎来上涨，晓程科技、盛达资源、白银有色、兴业银锡领涨，题 材相关企业整理如下： 1. 晓程科技（300139.SZ） 最新股价：31.87元 日涨幅：+13.66% 亮点：拥有黄金勘探-采矿-选冶-销售全产业链，在加纳握有三座金矿 2. 盛达资源（000603.SZ） 4. 兴业银锡（000426.SZ） 最新股价：35.27元 日涨幅：+4.04% 亮点：有色及贵金属采选冶炼，子公司博盛矿业拥有西藏大型岩漠型金矿床 最新股价：30.37元 日涨幅：+5.86% 亮点：主营有色金属矿采选，旗下7家矿业子公司 3. 白银有色（601212.SH） 最新股价：5.19元 日涨幅：+4.43% 亮点：大型有色及贵金属企业，全产业链布局 5. 湖南白银（002716.SZ） 最新股价：6.49元 日涨幅：+3.84% 亮点：以白银冶炼深加工为主，综合回收黄金等有色金属 6. 山金国际（000975.SZ） 最新股价：22.29元 日涨幅：+3.48% 亮点：国内领先黄金生产商，旗下黑洛恪克金矿地位较高 7. 招金黄金（000506.SZ） 8. 四川黄金（001337.SZ） 最新股 ...

白银题材走强，盛达资源、白银有色、国城矿业、兴业银锡领涨，题材相关企业整理如下： 1. 盛达资源（000603.SZ） 最新股价：30.37元 日涨幅：+5.86% 亮点：白银龙头企业，控股6家矿业子公司，旗下矿山毛利率居上市企业前列 2. 白银有色（601212.SH） 最新股价：5.19元 日涨幅：+4.43% 亮点：多品种有色金属综合生产基地 3. 国城矿业（000688.SZ） 最新股价：23.58元 日涨幅：+4.29% 亮点：矿山位于内蒙古铅锌矿主产地 4. 兴业银锡（000426.SZ） 日涨幅：+4.04% 亮点：子公司银漫矿业为国内最大白银生产矿山之一，含银量高 5. 湖南白银（002716.SZ） 最新股价：6.49元 日涨幅：+3.84% 亮点：国内白银生产出口重要基地，形成"富银精铜矿—白银—深加工"完整产业链 6. 山金国际（000975.SZ） 最新股价：22.29元 日涨幅：+3.48% 最新股价：35.27元 8. 豫光金铅（600531.SH） 最新股价：11.17元 日涨幅：+2.10% 亮点：旗下玉龙矿业是国内矿产银最大单体矿山之一，毛利率较高 7. 株冶集团（60096 ...