Group 1 - The non-ferrous metal sector is leading the market, with the popular ETF, Huabao Non-ferrous ETF (159876), reaching a historical high with an intraday increase of 3.03% and a current increase of 2.45% [1] - As of the report, Huabao Non-ferrous ETF (159876) has seen a net subscription of 32.4 million units, with a total inflow of 56.48 million yuan over the past four days, indicating strong investor confidence in the sector [1] - The latest scale of Huabao Non-ferrous ETF (159876) is 879 million yuan, marking a new historical high [1] Group 2 - Leading stocks in the sector include Huayou Cobalt, which rose over 7%, and several others like Zhongkuang Resources, Hanrui Cobalt, and Shenhuo Co., all increasing by more than 5% [3] - Notable stock performances include Huayou Cobalt at 7.44%, Zhongkuang Resources at 5.68%, and Hanrui Cobalt at 5.86%, among others [4] Group 3 - The prices of metals like copper and gold are expected to remain relatively high through 2025, with leading companies such as Chifeng Gold, Huayou Cobalt, and Zijin Mining issuing profit increase announcements [3] - Zijin Mining anticipates a net profit attributable to shareholders of 51 to 52 billion yuan for the fiscal year 2025, representing a year-on-year growth of 59% to 62% [3] Group 4 - Analysts from CITIC Futures suggest that geopolitical tensions and soft U.S. manufacturing PMI data are contributing to fluctuations in precious metal prices, with a bullish outlook for the non-ferrous metal sector [5] - Institutions generally agree that the non-ferrous metal sector is likely to continue its upward trend, with expectations of a bull market driven by monetary, demand, and supply factors in 2026 [5] Group 5 - The Huabao Non-ferrous ETF (159876) and its linked funds provide comprehensive coverage of various non-ferrous metals, including copper, aluminum, gold, rare earths, and lithium, allowing for risk diversification [6]

（文章来源：证券日报） 证券日报网讯 1月5日，寒锐钴业在互动平台回答投资者提问时表示，截至2025年12月31日，公司股东 人数为60349户。 ...

Market Overview - The energy metals sector experienced a decline of 1.41% on December 25, with Shengxin Lithium Energy leading the drop [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] Individual Stock Performance - Notable performers in the energy metals sector included: - Boqian New Materials (Code: 605376) closed at 65.00, up 0.78% with a trading volume of 42,300 shares and a transaction value of 272 million yuan [1] - Cangge Mining (Code: 000408) closed at 79.61, up 0.23% with a trading volume of 123,000 shares and a transaction value of 970 million yuan [1] - Ganfeng Lithium (Code: 002460) closed at 66.13, down 0.99% with a trading volume of 583,300 shares and a transaction value of 3.807 billion yuan [1] - Shengxin Lithium Energy (Code: 002240) closed at 34.30, down 3.84% with a trading volume of 672,500 shares and a transaction value of 2.302 billion yuan [2] Capital Flow Analysis - The energy metals sector saw a net outflow of 1.604 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.141 billion yuan [2] - The capital flow for individual stocks showed significant movements: - Yongxing Materials (Code: 002756) had a net inflow from retail investors of 1.288 million yuan, while institutional investors saw a net outflow of 12.606 million yuan [3] - Cangge Mining (Code: 000408) experienced a net outflow of 75.874 million yuan from institutional investors, with retail investors contributing a net inflow of 97.045 million yuan [3] - Ganfeng Lithium (Code: 002460) had a net outflow of 159 million yuan from institutional investors, while retail investors saw a net inflow of 169 million yuan [3]

证券代码：300618 证券简称：寒锐钴业 公告编号：2025-067 南京寒锐钴业股份有限公司 关于为全资子公司向银行申请授信提供担保的公告 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。 南京寒锐钴业股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日召开 第五届董事会第十一次会议，会议以 5 票同意，0 票反对，0 票弃权审议通过《关 于公司及子公司 2025 年度融资及担保额度的议案》，并经 2024 年年度股东大会 审 议 通 过 。 具 体 内 容 详 见 公 司 于 2025 年 4 月 18 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn/）披露的《关于公司及子公司 2025 年度融资及担保额 度的公告》（公告编号：2025-010）。 一、担保情况概述 因公司业务发展需要，公司拟为全资子公司赣州寒锐新能源科技有限公司（以 下简称"赣州寒锐"）向中国工商银行股份有限公司南京玄武支行（以下简称"工 商银行南京玄武支行"）申请不超过人民币 2 亿元敞口授信，由公司为上述授信 提供连带责任担保，担保额度为 ...

证券日报网讯 12月23日，寒锐钴业在互动平台回答投资者提问时表示，截至2025年12月19日，公司股 东人数为61615户。 （文章来源：证券日报） ...

Core Viewpoint - The energy metals sector experienced a rise of 1.58% on December 23, with Shengxin Lithium Energy leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3919.98, up 0.07% [1] - The Shenzhen Component Index closed at 13368.99, up 0.27% [1] - Key stocks in the energy metals sector showed significant increases, with Shengxin Lithium Energy rising by 4.78% to a closing price of 35.92 [1] Group 2: Stock Performance - Major gainers included: - Shengxin Lithium Energy: 4.78% increase, closing at 35.92 [1] - Land Electric Mining: 4.49% increase, closing at 14.66 [1] - Tianqi Lithium: 3.45% increase, closing at 55.78 [1] - Other notable performers included: - Yongxing Materials: 2.93% increase, closing at 50.54 [1] - Rongjie Co., Ltd.: 2.61% increase, closing at 52.68 [1] Group 3: Capital Flow - The energy metals sector saw a net inflow of 8.01 billion yuan from institutional investors, while retail investors experienced a net outflow of 4.9 billion yuan [2][3] - Key stocks with significant capital flow included: - Tianqi Lithium: 4.13 billion yuan net inflow from institutional investors [3] - Ganfeng Lithium: 3.05 billion yuan net inflow from institutional investors [3] - Shengxin Lithium Energy: 1.84 billion yuan net inflow from institutional investors [3]

每经AI快讯，有投资者在投资者互动平台提问：请问公司正在建设的年产2万吨高冰镍项目，是否会有 伴生的钴产量？ （记者 王晓波） 寒锐钴业（300618.SZ）12月23日在投资者互动平台表示，公司年产2万吨镍金属量富氧连续吹炼高冰镍 项目在处理红土镍矿冶炼生产冰镍过程中会有伴生钴产生，具体内容请查阅公司在巨潮资讯网披露的 《印尼寒锐镍业有限公司年产2万吨镍金属量富氧连续吹炼高冰镍项目可行性研究报告》。 ...

证券日报网讯12月18日，寒锐钴业（300618）在互动平台回答投资者提问时表示，根据中国证券登记结 算有限公司深圳分公司提供的数据，截至2025年12月10日，公司股东人数为62196户。 ...

Market Overview - The Shanghai Composite Index closed at 3884.93 points, with a slight decline of -0.11% [1] - The total trading volume of A-shares reached 1,198.5 billion yuan [1] Stocks with Death Cross - A total of 88 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between the 5-day and 10-day moving averages include: - Chuling Information (300250) with a distance of -1.55% [1] - Rongji Software (002474) with a distance of -1.40% [1] - Changyuan Donggu (603950) with a distance of -1.25% [1] Individual Stock Performance - Chuling Information (300250) saw a decline of -6.37% with a trading turnover rate of 11.94% [1] - Rongji Software (002474) decreased by -1.83% with a turnover rate of 10.53% [1] - Changyuan Donggu (603950) fell by -1.09% with a turnover rate of 0.41% [1] - Other notable declines include: - Shenhua A (000020) down -2.80% [1] - Sunshine Power (300274) down -3.41% [1] - Aide Biological (300685) down -3.43% [1] Additional Stock Data - Stocks with minor declines include: - Yitian Intelligent (300911) down -0.86% [2] - Hanrui (300618) down -1.70% [2] - Yinghe Technology (300457) down -3.03% [2] - Stocks with slight increases include: - Jinfatech (600143) up 0.67% [2] - Degoo (300950) up 0.13% [2]

Investment Rating - The report maintains a "Buy" rating for several companies in the non-ferrous metals sector, including Shandong Gold, Zijin Mining, and others [3][6]. Core Views - The report highlights that the Federal Reserve's interest rate cut and balance sheet expansion are favorable for precious metals, with expectations of further rate cuts in 2026 [1][35]. - For industrial metals, the report notes that copper inventories are increasing in the U.S., while non-U.S. regions face supply tightness, which could lead to a short squeeze [2]. - The aluminum market is supported by positive macroeconomic policies and low inventory levels, leading to a strong price floor [2]. - Nickel prices are expected to remain low due to seasonal demand weakness [2]. - Lithium prices are experiencing fluctuations due to supply disruptions, while cobalt supply is set to increase with the resumption of exports from the Democratic Republic of Congo [2]. Summary by Sections Precious Metals - The Federal Reserve's recent actions are expected to boost liquidity and support precious metal prices [1][35]. - The market anticipates two rate cuts in 2026, which could influence precious metal investments positively [1][35]. Industrial Metals - **Copper**: U.S. copper inventories are rising, while low inventories in non-U.S. regions raise concerns about supply [2]. - **Aluminum**: The aluminum market is experiencing a strong price support due to positive economic data and low inventory levels [2]. - **Nickel**: Nickel prices are projected to remain low as demand enters a seasonal downturn [2]. Energy Metals - **Lithium**: Prices are fluctuating due to supply disruptions, with recent increases in lithium carbonate prices [2]. - **Cobalt**: The resumption of cobalt exports from the Democratic Republic of Congo is expected to stabilize supply and maintain high price levels [2]. Key Companies to Watch - The report suggests monitoring companies such as Shandong Gold, Zijin Mining, and others for potential investment opportunities [1][2][6].