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].

Core Viewpoint - Hanrui Cobalt Industry (300618) is actively expanding its diversified procurement channels and ensuring stable supply to downstream customers while upgrading production lines to enhance market competitiveness [1] Group 1: Business Operations - The company is focusing on diversifying its procurement channels to adapt to raw material supply conditions and inventory levels [1] - Sales orders are being signed in a scientific and reasonable manner to ensure stable supply to downstream customers [1] Group 2: Market Strategy - The company is closely following market trends and is systematically advancing production line upgrades [1] - There is an effort to enrich the product matrix to improve market competitiveness [1]

Core Viewpoint - The company is actively adjusting and optimizing its operational strategies in response to local policies in the Democratic Republic of Congo and market dynamics in the cobalt industry to protect shareholder interests [1] Group 1: Operational Strategies - The company is diversifying its procurement channels to ensure stable supply to downstream customers based on raw material supply conditions and inventory levels [1] - The company is upgrading and transforming its production lines in an orderly manner to enhance its product matrix and market competitiveness [1] Group 2: Inventory Management - The company's cobalt product inventory is distributed both domestically and in the Democratic Republic of Congo [1]

（编辑 王雪儿） 证券日报网讯 12月11日晚间，寒锐钴业发布公告称，近日，公司工商登记变更手续已办理完毕，并取 得了南京市市场监督管理局换发的《营业执照》，注册资本由30832.4991万元整变更为30969.7091万元 整。 ...

证券日报网讯12月11日，寒锐钴业（300618）在互动平台回答投资者提问时表示，截至2025年11月28 日，公司股东人数为62103户。 ...

证券代码：300618 证券简称：寒锐钴业 公告编号：2025-066 南京寒锐钴业股份有限公司 关于完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 公司于 2025 年 11 月 5 日、2025 年 11 月 21 日召开第五届董事会第十七次会议和 2025 年第一次临时股东大会，审议通过了《关于调整公司治理结构、变更注册资本并 修订<公司章程>的议案》。公司已办理完成了 2024 年限制性股票激励计划第一个归属 期股份归属登记工作，公司股本总额由 308,324,991 股增加至 309,697,091 股，注册资 本由 308,324,991 元增加至 309,697,091 元。公司将《公司章程》中有关注册资本的内 容进行了修改。具体内容详见公司于 2025 年 11 月 6 日、2025 年 11 月 21 日在巨潮资 讯网披露的《第五届董事会第十七次会议决议公告》《2025 年第一次临时股东大会决议 公告》。 近日，公司工商登记变更手续已办理完毕，并取得了南京市市场监督管理局换发 的《营业执照》，具体情况如下： 一、本次变 ...

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"）向宁波银行股份有限公司南京分行（以下简称"宁波银行 南京分行"）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，担保额度为人民币 2 亿元，担保期限为主合同约定的债务人债务履行期 限届满之日起两年。南京寒锐新材料有限公司（以下简称"寒锐新材料"）向宁 波银行南京分行申请不超过人民币 1000 万元敞口授信，由公司为上述授信提供连 带责任担保，担保额度为人民币 1000 万元，担保期限为主合同约定的债务人债务 履行期限届满之日起两年。 上述融资涉及的授信及担保额度均包含在已审议的《关于公司及子公司 2025 年度融资及担保额度的议案》额度范围内，无需另行审议。 上述担保系公司为全资子公司提供担保，不涉及对合并报表外单位提供担保 的情形。公司及全资子公司提供担保总额未超过最近一期经审计净资产 100%，公 司及全资子公司不存在对资产负债率超过 70%的单位担保金额超过公司最近一期 经审计净资产 50%的情形。 二、被担保人基本情况 （一）赣州寒锐新能源科技有限公司 1、公司名称：赣州寒锐新能源科技有限 ...

Core Viewpoint - The energy metals sector experienced a significant increase of 2.94% on December 8, with Ganfeng Lithium leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] - Ganfeng Lithium's stock price rose by 5.55% to 62.99, with a trading volume of 695,400 shares and a transaction value of 4.32 billion [1] - Other notable performers included Shengxin Lithium Energy, which increased by 5.41% to 31.20, and Tianqi Lithium, which rose by 4.02% to 53.10 [1] Group 2: Capital Flow - The energy metals sector saw a net inflow of 575 million from institutional investors, while retail investors experienced a net outflow of 710 million [1] - Ganfeng Lithium attracted a net inflow of 3.67 billion from institutional investors, but faced a net outflow of 1.19 billion from retail investors [2] - Shengxin Lithium Energy had a net inflow of 178 million from institutional investors, with a net outflow of 1.84 billion from retail investors [2]

Core Points - The company announced the appointment of Mr. Jiang Tao as the Vice General Manager, effective from the date of the board's approval until the end of the current board's term [1] Summary by Category Company Announcement - The fifth meeting of the fifth board of directors will be held on November 28, 2025, to review the proposal for the appointment of the Vice General Manager [1]

南京寒锐钴业股份有限公司（以下简称"公司"）于 2025 年 11 月 28 日召开第五届 董事会第十八次会议，审议通过了《关于调整第五届董事会审计委员会部分委员的议 案》。 现将具体情况公告如下： 根据《公司法》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公 司规范运作》等相关法律法规、规范性文件及《公司章程》的规定，为进一步完善公 司治理结构，充分发挥审计委员会的监督作用，结合公司的实际情况，公司董事会对 第五届董事会审计委员会成员进行了调整，公司董事长梁杰先生不再担任审计委员会 委员，由公司职工董事李俊先生担任审计委员会委员，与独立董事徐爱东女士、叶邦 银先生共同组成公司第五届董事会审计委员会，任期自本次董事会审议通过之日起至 第五届董事会届满之日止。具体调整情况如下： 调整前：叶邦银先生（独立董事，主任委员）、徐爱东女士（独立董事）、梁杰先 生（董事）； 调整后：叶邦银先生（独立董事，主任委员）、徐爱东女士（独立董事）、李俊先 生（职工董事）。 证券代码：300618 证券简称：寒锐钴业 公告编号：2025-063 南京寒锐钴业股份有限公司 关于调整第五届董事会审计委员会部分委员的公告 ...