本文源自：金融界AI电报 紫金矿业公告，北京时间2026年1月26日，公司控股的紫金黄金国际有限公司与Allied Gold Corporation （简称 "联合黄金"） 签署《安排协议》，紫金黄金国际拟以44加元/股的现金价格，收购联合黄金全部 已发行的普通股，收购对价共计约55亿加元（约合人民币280亿元）。联合黄金核心资产包括在产的马 里Sadiola金矿、科特迪瓦金矿综合体（含Bonikro和Agbaou金矿），及将于2026年下半年建成投产的埃 塞俄比亚Kurmuk金矿。 ...

紫金矿业(601899.SH)公告称，公司控股的紫金黄金国际有限公司拟以44加元/股的价格，收购在多伦多 证券交易所和纽约证券交易所两地上市的Allied Gold Corporation全部已发行的普通股，收购对价共计约 55亿加元（约合人民币280亿元）。联合黄金的核心资产包括在产的马里Sadiola金矿、科特迪瓦金矿综 合体（含Bonikro和Agbaou金矿），以及将于2026年下半年建成投产的埃塞俄比亚Kurmuk金矿。本次交 易存在不确定性，需满足相关条件包括股东大会批准、法院批准及政府部门审批等。 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 华夏时报 1月26日，A股集体调整。截至收盘，沪指跌0.09%，深成指跌0.85%，创业板指跌0.91%，北证50指数跌 1.45%，沪深京三市成交额32806亿元，较上日放量1625亿元，三市超3700只个股飘绿。 科创AI ETF一度上涨2%至翻绿。与此同时，红利板块由跌转涨，市场上涨个股数量亦减少至1604只。 贵金属板块逆市大涨，中金黄金、西部黄金等多股涨停。消息面上，现货黄金价格首次突破5000美元大 关，现货白银突破110美元。 代表风险偏好的两大变量集体来袭。一是地缘风险加剧和美元指数杀跌背景之下，金银期货、现货大 涨，引导了资金流向；二是热门股集体跳水，卫星ETF大跌近5%，炒作显著退潮。 值得注意的是，尾盘集合竞价多只权重股再现巨额压单，其中紫金矿业压单金额超40亿元，中国平安、 江西铜业、中国中免、山东黄金、万华化学、贵州茅台压单金额超4亿元。 此前在2026年1月14日，招商银行、紫金矿业、长江电力等多股压单金额超10亿元。 新浪合作大平台期货开户 安全快捷有保障 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此 ...

每经AI快讯，1月26日，南向资金今日净卖出约8.26亿港元。其中，中国移动、紫金矿业分别遭净卖出 约11.77亿港元、10.77亿港元；腾讯控股获净买入约10.15亿港元。 ...

Core Insights - The completion and production launch of the second phase of the Jilong Copper Mine marks a significant milestone for Zijin Mining, establishing it as China's largest copper mine with a total production capacity of 350,000 tons per day [1][2] - The project is expected to significantly enhance Zijin Mining's copper output, with annual copper production projected to rise from 190,000 tons in 2025 to between 300,000 and 350,000 tons in 2026 [1][3] - The Jilong Copper Mine's production will play a crucial role in alleviating China's reliance on imported copper, as it is anticipated to contribute 11-16 million tons of copper annually, addressing a projected demand gap in the global copper market [3][9] Production Capacity Expansion - The Jilong Copper Mine's second phase will increase the annual ore processing capacity from 45 million tons to 105 million tons, with copper metal resources confirmed at 25.88 million tons, 2.5 times the amount at the time of acquisition in 2020 [1][3] - The mine's production is expected to account for nearly 20% of China's total copper output in 2024, reinforcing its position as a "super grain depot" for domestic copper supply [3] Strategic Positioning - The Jilong Copper Mine is a core asset of Zijin Mining, which holds an 80.88% stake in collaboration with Cangge Mining, and is part of a strategic plan to achieve an annual copper production of 800,000 tons in Tibet [2][4] - The project supports Zijin Mining's "copper-dominant" strategy, with a compound annual growth rate of 24% in copper production over the past five years, positioning the company to narrow the gap with global leaders [4] Technological Innovations - The mine's development in extreme conditions has led to significant technological breakthroughs, including adaptations for low-temperature and low-oxygen environments, enhancing operational efficiency by over 50% [6][7] - Innovations in ecological protection, such as a 1GW solar power station and advanced wastewater treatment systems, demonstrate a commitment to sustainable mining practices [7] Global Market Impact - The launch of the Jilong Copper Mine's second phase reflects a shift in the global copper industry, as Chinese mining companies like Zijin Mining transition from being resource-rich to becoming mining powerhouses [8][9] - The increased production capacity is expected to enhance China's influence in global copper pricing, potentially shifting the pricing power from traditional Western firms to Chinese enterprises [9]

Group 1 - The core point of the article highlights significant sell orders in the closing auction for multiple heavyweight stocks, with Zijin Mining's sell order amount exceeding 4 billion yuan [1] - Other companies such as China Ping An, Jiangxi Copper, China Duty Free Group, Shandong Gold, Wanhua Chemical, and Kweichow Moutai also had sell orders exceeding 400 million yuan [1] - Previously, on January 14, 2026, several stocks including China Merchants Bank, Zijin Mining, and Yangtze Power had sell orders exceeding 1 billion yuan [1]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 1月26日，沪深两市成交额合计3.25万亿元，较上一交易日放量约1629.79亿元。其中，沪市成交额1.45 万亿元，深市成交额1.8万亿元。紫金矿业成交额居首，为262.66亿元。其后是航天电子、特变电工、金 风科技、蓝色光标，成交额分别为206.61亿元、174.77亿元、168.8亿元、162.74亿元。 责任编辑：凌辰 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 责任编辑：凌辰 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 1月26日，沪深两市成交额合计3.25万亿元，较上一交易日放量约1629.79亿元。其中，沪市成交额1.45 万亿元，深市成交额1.8万亿元。紫金矿业成交额居首，为262.66亿元。其后是航天电子、特变电工、金 风科技、蓝色光标，成交额分别为206.61亿元、174.77亿元、168.8亿元、162.74亿元。 新浪声明：此消息系转载自新浪合作媒体，新浪 ...

Summary of the Conference Call for Zijin Mining Industry Overview - Geopolitical easing has not reduced global asset reallocation, with expectations for a dovish Federal Reserve chairman candidate, which is favorable for non-ferrous metals. Demand for non-ferrous metals is expected to resonate upwards over the next five years [2][4] - Recent funding trends show a return to net inflows, with gold and copper experiencing net outflows while other sectors saw net inflows. A consolidation phase is anticipated due to seasonal factors and high prices, with a potential upward trend post-Chinese New Year [2][5][6] Key Points on Metals Gold - As of the end of 2025, investment-grade gold will account for only 3% of global disposable financial assets, significantly below the historical peak of 5%. This indicates substantial room for gold allocation, which could drive prices higher [2][7] Copper - Electrolytic copper demand is weak, with inventory accumulation noted. However, its financial attributes support copper prices, and downstream replenishment demand is emerging, suggesting limited downside risk for copper prices [2][8] Aluminum - Aluminum prices are low, with stable demand benefiting from export tax rebates and significant growth in photovoltaic demand. The supply-demand balance is relatively strong compared to copper [2][9][10] Lithium Carbonate - The lithium carbonate market is experiencing robust demand despite the seasonal downturn, with battery companies actively seeking exports. Supply remains stable, and prices are expected to maintain high levels [2][11] Rare Earths - Rare earth prices have risen from 520,000-530,000 to around 670,000, an increase of approximately 20%. Supply is constrained due to national quota controls, while downstream demand continues to grow, indicating a long-term supply-demand imbalance [2][12] Company-Specific Insights on Zijin Mining - Zijin Mining's profit forecast has been significantly revised upwards, with expected net profit of approximately 80.8 billion by 2026. The company is well-positioned for future growth due to a complete management system and ongoing mine upgrades [2][15] - The company is expected to maintain strong growth and profitability, with copper production projected to reach 1.2 million tons and gold production at 105 tons [2][16] - The valuation of Zijin Mining is expected to benefit from its strong growth potential and liquidity, with a target market value revised to 1.6 trillion, reflecting a 20% valuation premium [2][17] - Zijin Mining has completed five resource acquisition projects in the past two years, enhancing its resource reserves and production capacity. Continued acquisitions in 2026 could further strengthen its market competitiveness [2][18] Conclusion - The overall outlook for non-ferrous metals, particularly for Zijin Mining, is positive, with strong demand projections and strategic growth through acquisitions. The company is expected to capitalize on favorable market conditions and maintain a leading position in the industry [2][15][18]

智通财经APP获悉，紫金矿业(02899)涨超5%，截至发稿，涨5.34%，报42.62港元，成交额10.21亿港 元。 消息面上，据紫金矿业官微消息，1月23日，紫金矿业旗下巨龙铜矿二期改扩建工程正式建成投 产，达产后将在现有15万吨/日采选工程基础上，新增生产规模20万吨/日，形成35万吨/日的总生产规 模，成为中国最大、全球海拔最高、入选品位最低的世界级超大型铜矿。 目前，公司正在进一步规划实施巨龙铜矿三期工程。若获批，三期工程开采海拔将进一步下降，境界内 可供开发的铜储量将超过2000万吨，每年采选矿石量将达约2亿吨规模，届时巨龙铜矿将成为全球采选 规模最大的铜矿山，达产后年产铜约60万吨。 巨龙铜矿2025年产铜超19万吨，二期达产后年矿石采选规模将从4500万吨提升至1.05亿吨以上，年矿产 铜将提高至约30-35万吨，2026年预计矿产铜产量将达30万吨，矿产钼年产量将从2025年的0.8万吨提高 至约1.3万吨。 ...

Core Viewpoint - The non-ferrous metal sector has experienced a significant surge, with the Non-Ferrous 50 ETF (159652) rising over 4% and attracting substantial capital inflow, indicating strong investor interest in this sector [1][3]. Market Performance - On January 26, the Non-Ferrous 50 ETF (159652) saw a capital inflow exceeding 70 million CNY within the first 10 minutes of trading, following a total inflow of over 160 million CNY in the previous two days [1]. - Precious metals also saw a collective surge, with spot gold prices surpassing 5000 USD/ounce for the first time, and silver and platinum prices increasing by over 3% and reaching 2800 USD/ounce, respectively [1][3]. Supply Chain Dynamics - A strike at Capstone Copper's Mantoverde copper mine in Chile, involving 645 workers, has contributed to supply concerns, as negotiations have stalled [1]. - The global mining capital expenditure has been historically low, with a 3.3% decline in exploration investments for solid minerals in 2024, indicating potential supply constraints in the future [9]. Economic and Macro Factors - Analysts suggest that central banks' strategic asset allocation is a core support for the current rise in gold prices, with expectations of monthly purchases of 60 tons of gold by central banks [3]. - The weak dollar environment, driven by the Federal Reserve's monetary policy, is expected to boost the prices of dollar-denominated commodities, including non-ferrous metals [7]. Investment Opportunities - The Non-Ferrous 50 ETF (159652) is highlighted for its high copper (34%) and gold (12%) content, making it a leading option for investors looking to capitalize on the non-ferrous metal supercycle [13]. - The ETF's index has shown a cumulative return of 99.61% since 2020, driven by earnings rather than valuation increases, indicating a strong performance outlook [16].