CNRE(SH:600111) Zheng Quan Shi Bao·2026-01-20 21:57Group 1: Precious Metals Market Performance - The global precious metals market continues to show strength, with gold and silver prices reaching historical highs, with gold hitting $4,730.09 per ounce and silver reaching $95.457 per ounce, marking increases of over 9% and 33% respectively since the beginning of the year [1][2] - Domestic futures market also performed strongly, with Shanghai gold futures rising by 1.99% to 1,060.16 yuan per gram and Shanghai silver futures increasing by 3.62% to 23,062 yuan per kilogram [2] - The rise in precious metal prices is attributed to external market influences, including U.S. threats of tariffs on European countries, which have heightened investor demand for safe-haven assets [2] Group 2: Performance of Non-Ferrous Metals - Various non-ferrous metals have also seen significant price increases, with lithium carbonate futures reaching a limit-up close and a cumulative increase of 33.04% since the beginning of the year [2] - Other metals such as tin and nickel have recorded increases of 23.56% and 6.41% respectively [2] Group 3: Company Earnings Forecasts - As of January 20, 2025, 16 non-ferrous metal companies have reported earnings forecasts, with 12 companies expecting year-on-year profit growth, and 8 companies showing a profit increase of over 100% [3][4] - Northern Rare Earth, a leading company in the rare earth sector, anticipates a net profit of 2.176 billion to 2.356 billion yuan, representing a growth of 116.67% to 134.6% [3] Group 4: Institutional Interest and Research - 17 non-ferrous metal stocks have attracted institutional attention, with 8 stocks receiving over 10 institutional research visits [5] - Companies like Shengda Resources and Yunnan Geology have outlined future resource acquisition plans during investor meetings, indicating a focus on capital expenditure for mining projects [6] - The total net buy amount from financing for these 17 stocks has reached 1.238 billion yuan, with significant contributions from companies like Zhongjin Lingnan and Yunnan Geology [6]