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：2025-055 号 中矿资源集团股份有限公司 关于注销募集资金专用账户的公告 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。 号）。 三、本次募集资金专用账户注销情况 2025 年 12 月 9 日，经公司第六届董事会第二十次会议审议，同意公司对募投项目 结项并将节余募集资金永久补充流动资金，同时在节余募集资金永久补充流动资金后， 注销相关募集资金专用账户，相关募集资金三方监管协议予以终止。截至本公告日，公 司在上海浦东发展银行股份有限公司北京西直门支行、交通银行新余高新支行、中国工 商银行新余高新支行的募集资金专用账户内的募集资金（包括利息收入）已全部转入公 司一般户用于补充流动资金，公司已按相关规定办理了上述募集资金专户的注销手续。 公司与方正证券承销保荐有限责任公司及上述银行签订的《募集资金三方监管协议》相 应终止。募集资金专户注销信息如下： | 存管银行 | 账户名称 | 专户账号 | 存续状态 | | --- | --- | --- | --- | | 上海浦东发展银行 ...

Group 1 - The energy metal sector is experiencing a surge in demand driven by a dual catalyst of supply restructuring and explosive demand, particularly in the context of energy storage [1][2] - Major resource countries are actively managing supply through policies such as quotas and licenses, aiming to gain control over resource pricing [1][2] - The demand for carbonated lithium in the energy storage sector is projected to reach approximately 345,000 tons by 2025 and is expected to exceed 500,000 tons by 2026, marking a tenfold increase from 2021 [2] Group 2 - In the lithium sector, the industry is undergoing a deep clearing with a slowdown in capital expenditure, indicating clear bottom signals. The sustained demand for energy storage is expected to drive a tight balance in global carbonated lithium supply and demand by 2026, making lithium prices more likely to rise [2][3] - Cobalt prices are entering an upward channel due to supply management, while nickel prices, despite being suppressed by high inventory, have dropped to deep cost curve levels, with Indonesia's supply management laying the groundwork for future price recovery [2][3] - The domestic production index control for rare earth materials is tightening supply, while resilient demand from downstream sectors such as new energy vehicles and wind power supports a strong price environment [2][3] Group 3 - Recommended companies in the lithium sector include Ganfeng Lithium, Tianqi Lithium, Zhongjin Lingnan Nonfemet Company, Yongxing Materials, and Shengxin Lithium Energy [3][4] - For cobalt and nickel, Huayou Cobalt is highlighted as a potential beneficiary due to strengthened supply-side policies and the industry being at a long-term bottom [3][4] - In the rare earth magnetic materials sector, companies such as Ningbo Yunsheng and Jieli Permanent Magnet are suggested as beneficiaries due to supply tightening and stable high-end demand [3][4]

Core Viewpoint - The company has successfully completed the construction and trial production of its first phase of the multi-metal comprehensive recycling project in Namibia, marking a significant milestone in its operational capabilities [2] Group 1: Project Development - The first phase of the pyrometallurgical process engineering for the 200,000 tons/year multi-metal comprehensive recycling project in Namibia was completed and successfully ignited for trial production on December 15, 2025 [2] - The treatment capacity for germanium zinc slag in this phase is 80,000 tons/year, and it will produce semi-finished products containing germanium zinc oxide fume [2] - The company plans to advance the production operations of the first phase in 2026 while also progressing with the construction of the second phase of the pyrometallurgical process engineering and the hydrometallurgical process engineering [2]

Core Viewpoint - Zhongmin Resources has experienced a significant stock price increase of 88.71% year-to-date, despite a recent decline in the last five and twenty trading days [1][2]. Group 1: Stock Performance - As of December 18, Zhongmin Resources' stock price is 66.05 CNY per share, with a market capitalization of 47.655 billion CNY [1]. - The stock has seen a trading volume of 1.138 billion CNY, with a turnover rate of 2.38% [1]. - Year-to-date, the stock has risen by 88.71%, but has decreased by 0.51% in the last five trading days and 7.26% in the last twenty trading days [1]. Group 2: Financial Performance - For the period from January to September 2025, Zhongmin Resources reported a revenue of 4.818 billion CNY, reflecting a year-on-year growth of 34.99% [2]. - The net profit attributable to shareholders for the same period was 204 million CNY, which represents a year-on-year decrease of 62.58% [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Zhongmin Resources is 58,600, a decrease of 11.15% from the previous period [2]. - The average number of circulating shares per shareholder is 12,139, an increase of 12.55% [2]. - The company has distributed a total of 1.728 billion CNY in dividends since its A-share listing, with 1.592 billion CNY distributed over the last three years [3]. Group 4: Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the second-largest circulating shareholder, holding 17.3965 million shares, an increase of 988,800 shares from the previous period [3]. - The Southern CSI 500 ETF is the fourth-largest circulating shareholder, holding 10.5236 million shares, a decrease of 217,000 shares [3]. - The Eastern New Energy Vehicle Theme Mixed Fund is the fifth-largest circulating shareholder, holding 9.6644 million shares, a decrease of 1.4391 million shares [3].

Core Viewpoint - The non-ferrous metal sector showed strong performance on December 17, with the leading non-ferrous metal ETF (159876) rising over 3.8% during the day and closing up 3.27%, indicating positive market sentiment towards the sector [1][10]. Fund Flows - The non-ferrous metal ETF attracted significant capital, with a single-day inflow of 10.13 million yuan and a total of 198 million yuan over the past 20 days, reflecting investor confidence in the sector's future performance [1][10]. Stock Performance - Lithium stocks surged, with Shengxin Lithium Energy hitting the daily limit, Zhongmin Resources rising over 8%, Tianqi Lithium increasing by 6%, and Ganfeng Lithium up nearly 5%. In the lead zinc sector, Guocheng Mining also hit the daily limit, while Xingye Silver Tin rose over 6%. In the aluminum sector, Zhongfu Industrial increased by over 5%, Huafeng Aluminum by over 4%, and China Aluminum by over 3% [3][12]. Macro Factors - In the macroeconomic context, the U.S. added 64,000 non-farm jobs in November, with the unemployment rate unexpectedly rising to 4.6%, the highest in four years. This weak job market increases the likelihood of interest rate cuts by the Federal Reserve, which could support non-ferrous metal prices [4][13]. Industry Insights - Lithium carbonate futures saw a significant spike, rising over 8% to reach 109,860 yuan/ton. The cancellation of 27 mining licenses may impact the supply-demand dynamics of lithium, potentially driving prices higher. CITIC Securities expressed optimism about copper, aluminum, and gold as key investment options, citing limited new copper capacity and increasing demand from renewable energy and AI data centers [5][14]. Investment Strategy - Given the current market conditions and geopolitical tensions, non-ferrous metals are viewed as core assets for medium to long-term investment. The non-ferrous metal ETF (159876) and its linked funds provide comprehensive exposure to various metals, allowing for risk diversification compared to investing in single metal sectors [6][14].

Group 1 - The company Zhongmin Resources (002738.SZ) announced that the first phase of its Namibia 200,000 tons/year multi-metal comprehensive recycling project has been completed and successfully ignited for trial production on December 15, 2025 [2] - The first phase of the pyrometallurgical process engineering has a treatment capacity of 80,000 tons/year for germanium zinc slag and will produce semi-finished products containing germanium oxide zinc dust [2] - The company plans to advance the production operation of the first phase in 2026 while also progressing with the construction of the second phase of the pyrometallurgical process engineering and the hydrometallurgical process engineering [2]

中矿资源12月17日大宗交易平台出现一笔成交，成交量4.40万股，成交金额296.74万元，大宗交易成交 价为67.44元。该笔交易的买卖双方均为机构专用席位。 12月17日中矿资源大宗交易一览 | 成交量（万 | | 成交金额（万 | 成交价格 | 相对当日收盘折溢价 | 买方营业 | 卖方营业 | | --- | --- | --- | --- | --- | --- | --- | | 股） | | 元） | （元） | （%） | 部 | 部 | | 4.40 | 296.74 | | 67.44 | 0.00 | 机构专用 | 机构专用 | （文章来源：证券时报网） 进一步统计，近3个月内该股累计发生6笔大宗交易，合计成交金额为3819.96万元。 证券时报·数据宝统计显示，中矿资源今日收盘价为67.44元，上涨8.58%，日换手率为5.31%，成交额为 24.86亿元，全天主力资金净流入1.14亿元，近5日该股累计上涨3.15%，近5日资金合计净流出6193.50万 元。 两融数据显示，该股最新融资余额为22.26亿元，近5日增加1.45亿元，增幅为6.96%。（数据宝） ...

Core Viewpoint - Lithium prices are experiencing a strong rebound, with significant upward momentum, reaching a new high since May 2024, and showing an annual increase of over 40% [1]. Industry Summary - As of December 17, the main contract for lithium carbonate on the Shanghai Futures Exchange surged by 7.75%, reaching 108,800 yuan per ton [1]. - The A-share lithium mining sector index saw substantial gains, with notable increases in individual stocks such as Tianhua New Energy (up over 12%) and Shengxin Lithium Energy (up over 7%) [1]. - The recent announcement from the Yichun Natural Resources Bureau regarding the potential cancellation of 27 mining rights has drawn market attention, contributing to the price increase [4][7]. Supply and Demand Dynamics - The rebound in lithium prices is attributed to a combination of improved supply-demand dynamics, expectation adjustments, and capital behavior [8]. - Demand is driven by the increasing penetration of electric vehicles and the expanding scale of the energy storage market, which are key variables for lithium carbonate demand [8]. - On the supply side, production growth is slowing, with reduced output from mica lithium and limited increases in salt lake capacity, leading to tight market conditions [8][9]. Market Outlook - Short-term projections suggest that lithium carbonate prices may experience high-level fluctuations rather than sustained upward trends, supported by ongoing inventory depletion and year-end restocking [9]. - Looking ahead to 2026 and beyond, the industry is expected to maintain a tight balance due to continuous demand growth, although cautious purchasing behavior may limit price increases [9].

Group 1 - The A-share market for lithium mining stocks has shown strong performance, with several companies reaching their daily price limit [1] - Notable gainers include Shengxin Lithium Energy, Dazhong Mining, and Jinyuan Co., which all hit the daily limit [1] - Other companies such as Yalake Co. and Guocheng Mining saw increases of over 7%, while Zhongmin Resources, Rongjie Co., and Yahua Group rose by more than 6% [1] Group 2 - Tianqi Lithium, Tibet Mining, Tibet City Investment, and Ganfeng Lithium all experienced gains exceeding 5% [1]

Core Insights - The rare metals sector in the A-share market experienced significant gains, with several stocks reaching new highs and notable increases in share prices [1] Group 1: Stock Performance - Zhongtung High-tech reached its daily limit and set a historical high, with a price increase of 9.79% and a total market capitalization of 65.2 billion [2] - Zhongmin Resources and Xiamen Tungsten both saw price increases exceeding 6%, with year-to-date gains of 89.47% and 122.63% respectively [2] - Other notable performers included Yahua Group, Tianqi Lithium, and Tibet Mining, all of which recorded price increases of over 5% [1][2] Group 2: Market Capitalization and Year-to-Date Gains - The total market capitalization of the top rare metal stocks varied, with Ganfeng Lithium leading at 131.7 billion, followed by Tianqi Lithium at 86.8 billion [2] - Year-to-date performance showed substantial growth across the sector, with Zhongtung High-tech leading at 214.71% increase, indicating strong investor interest and market confidence [2]