中矿资源集团股份有限公司 证券代码：002738 证券简称：中矿资源 公告编号：2026-001 号 中矿资源集团股份有限公司 2025 年 12 月 31 日，本项目技改工作已经完毕并已取得试生产备案。2026 年 1 月 2 日，项目开始点火投料试生产运营。 公司年产 3 万吨高纯锂盐项目位于江西省新余市，由公司下属全资公司中矿 锂业于 2025 年 6 月 27 日起进行停产检修及技改工作，本技改项目将进一步提高 锂回收率，有效降低锂盐生产成本，项目主产品为电池级碳酸锂、电池级氢氧化 锂，两种主产品产能可根据市场需求灵活调节，副产品为元明粉。 1 中矿资源集团股份有限公司 本技改项目投产后，公司将合计拥有年产 7.1 万吨电池级锂盐产能，公司锂 盐业务的综合竞争力进一步增强，能够更好地应对行业变革与市场挑战。 关于年产 3 万吨高纯锂盐技改项目点火试运行暨 投 资进展的公告 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。 中矿资源集团股份有限公司（以下简称"公司"或"本公司"）下属全资公 司中矿资源（江西）锂业有限公司（以下简称"中矿锂业"）投资建设年产 ...

Group 1 - The report indicates that geopolitical tensions, particularly the U.S. actions in Venezuela, are expected to boost oil and gold prices, while the impact on equity assets is manageable. Attention should be paid to the Federal Reserve chair nomination, liquidity, and the CES conference, with U.S. stocks showing signs of recovery. [4][12][13] - Domestic PMI for December showed a significant rebound, driven by new subsidies, major projects, and proactive real estate policies. The report anticipates a positive start for A-shares, supported by policy initiatives, increased capital inflow, and technological catalysts. [4][18][19] - The report emphasizes a focus on technology and cyclical industries, particularly in sectors like commercial aerospace, robotics, AI, and semiconductors, as well as lithium batteries, non-ferrous metals, and chemicals. [4][20] Group 2 - The report lists the top ten stocks for January, including companies from various sectors such as electronics, automotive, and healthcare, with no specific ranking provided. [5][10] - Semiconductor company SMIC (688981.SH) is highlighted as a leader in integrated circuit manufacturing, with a projected revenue growth from 574.77 billion to 742.45 billion from 2024 to 2026, reflecting its critical role in the industry. [21][22] - Tianfu Communication (300394.SZ) is noted for its strong revenue growth driven by high-speed optical module demand, with a forecasted revenue increase from 57.33 billion to 106.87 billion from 2025 to 2027. [23][26] - New energy company Haopeng Technology (001283.SZ) is focusing on AI applications and has begun mass production of AI-related products, with projected net profits increasing from 2.47 billion to 5.50 billion from 2025 to 2027. [44][46] - Zhongmin Resources (002738.SZ) is expanding its lithium salt production capacity and has significant projects underway, with revenue expectations of 56.91 billion to 97.27 billion from 2024 to 2026. [48][52] - China Aluminum (601600.SH) reported a revenue increase of 13.95% in Q1 2025, with a focus on improving cash flow and reducing debt levels, indicating a strong operational performance. [54][56]

Core Viewpoint - The company, Zhongkuang Resources, has a strong background in geological exploration and is actively advancing its own mining geological exploration work, ensuring compliance with disclosure regulations [2] Group 1: Company Expertise - The company possesses professional geological exploration technology and management teams with over 20 years of experience in overseas geological exploration [2] - It has accumulated rich experience in mine resource assessment and exploration technical services [2] Group 2: Current Activities - The company is currently conducting geological exploration work related to its own mines, which is progressing steadily according to established plans [2] - The company will fulfill its information disclosure obligations if there are changes in resource quantity/reserve that meet disclosure standards [2]

Core Viewpoint - Zhongmin Resources highlighted the extensive applications of cesium products across various industries, emphasizing their irreplaceability and superior performance, which have been recognized and adopted at scale in relevant fields [1] Group 1: Traditional Applications - In traditional sectors, cesium products are primarily used in catalysts, chemical reagents, biotechnology, and pharmaceuticals [1] Group 2: Emerging Applications - In emerging fields, cesium products find applications in atomic clocks, aerospace (ion propulsion engines), renewable energy (magnetohydrodynamic generators), thermionic power generation, solar cells, optoelectronic detectors, specialty glass, and the information industry [1]

Core Viewpoint - The small metals sector experienced a slight decline of 0.2% on December 30, with Haotong Technology leading the losses, while the Shanghai Composite Index remained stable with a negligible change of 0.0% [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1]. - The small metals sector's individual stock performance varied, with notable gainers including Zhongkuang Resources, which increased by 2.66% to a closing price of 79.24, and Huaxi Nonferrous, which rose by 0.95% to 38.30 [1]. Group 2: Trading Volume and Value - Zhongkuang Resources had a trading volume of 248,800 shares, resulting in a transaction value of 1.946 billion yuan [1]. - The overall trading volume and value for the small metals sector indicated significant activity, with various stocks contributing to the total market dynamics [1]. Group 3: Capital Flow - The small metals sector saw a net outflow of 1.937 billion yuan from major funds, while retail investors contributed a net inflow of 2.457 billion yuan [2]. - The capital flow data highlighted that while major and speculative funds withdrew, retail investors were actively buying into the sector [2][3].

Core Insights - The chromium salt industry in China is characterized by a tightly integrated and differentiated supply chain, with chromium ore costs accounting for approximately 30% of total production costs, while domestic reserves are scarce, leading to over 95% reliance on imports [1][5][7] - China is the largest producer and consumer of chromium salts globally, with a production share of around 45%, and the market size is expected to reach 9.41 billion yuan in 2024, projected to exceed 15 billion yuan by 2030 [1][9] - The industry is transitioning towards green transformation, demand upgrades, and supply chain integration, focusing on clean processes and high-end products as the core of growth [1][12] Industry Overview - Chromium salts are inorganic chemical products primarily made from chromium ore through various chemical processes, essential in multiple sectors such as metallurgy, electroplating, leather tanning, pigments, pharmaceuticals, and environmental protection [2][3] - The classification of chromium salts is based on valence state and application, with trivalent and hexavalent chromium salts serving different industrial purposes [3][4] Supply Chain Dynamics - The upstream segment relies heavily on chromium ore, with domestic production only reaching 100,000 to 200,000 tons annually, leading to a high dependency on imports from five countries, including South Africa [5][7] - The midstream sector is focused on processing chromium ore into intermediate products, with a shift towards cleaner production methods, while downstream demand is rapidly expanding into high-end manufacturing sectors such as aerospace and renewable energy [5][8] Market Demand Trends - The global demand for chromium salts is shifting from traditional low-growth sectors to high-growth areas like metallic chromium and high-end electroplating additives, with emerging applications in aerospace and renewable energy driving significant growth [8][9] - In China, the downstream demand is characterized by a dual structure, with traditional sectors stabilizing and new sectors like electric vehicle batteries and aerospace rapidly emerging as key growth drivers [8][9] Competitive Landscape - The chromium salt industry in China is dominated by a few key players, with Zhihua Co., Galaxy Chemical, and Citic Jinzhou Metal collectively holding over 80% market share [10][11] - Leading companies are focusing on advanced production techniques and expanding into high-end applications, while smaller firms are targeting niche markets [10][11] Future Development Trends - The industry is expected to evolve around three main directions: green transformation, demand upgrades, and supply chain integration, with a strong emphasis on clean production technologies and high-value products [12][13] - The competitive focus will shift towards resource control, compliance capabilities, and technological innovation, with leading firms enhancing their market positions through strategic resource acquisitions and integrated operations [12][14]

（记者 王晓波） 中矿资源（002738.SZ）12月29日在投资者互动平台表示，公司赞比亚西北省希富玛铜矿为在产矿山， 公司正在开展自有矿山的地质勘查增储工作，相关工作按计划稳步推进。 每经AI快讯，有投资者在投资者互动平台提问：请问贵司希富玛铜矿和卡布韦铜矿是否在产？目前产 能多少？是否有扩建计划？ ...

Group 1 - The company, Zhongkuang Resources, announced that it and its subsidiaries have no overdue guarantees and are not involved in any litigation related to guarantees or losses due to being ruled against in such cases [2]

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].

中矿资源公告称，公司拟与信达租赁开展售后回租融资租赁业务，全资子公司江西中矿新材为其提供不 可撤销的最高额连带责任保证担保，担保最高债权额6亿元。本次担保后，江西中矿新材为公司的担保 总额达29.9亿元，未超公司股东会批准额度。截至2025年9月30日，公司营收48.18亿元，净利润2.04亿 元；2024年营收53.64亿元，净利润7.57亿元。截至公告日，公司及控股子公司对外担保总额48.1亿元， 实际发生担保总额22.99亿元，无逾期担保情况。 ...