Baiyin Nonferrous(SH:601212) Sou Hu Cai Jing·2026-01-21 10:00Core Viewpoint - The recent performance of Silver Industry (601212) is driven by the rising prices of gold and active developments in the non-ferrous metal sector, alongside the growing interest in lithium battery materials. Group 1: Company Overview - Silver Industry (601212) is engaged in the mining, smelting, processing, and trading of various non-ferrous metals and precious metals, including copper, zinc, lead, gold, and silver [2][3]. Group 2: Recent Developments - The stock has seen a significant increase, with a 21.05% rise over two trading days, attributed to the active gold market, where spot gold has surpassed $4,800 [3][5]. - The company plans to invest CNY 1.5 billion to establish a gold company focused on exploration, development, smelting, and processing of gold and other precious metals, aiming to create a comprehensive industry chain [3]. - The company has a comprehensive production capacity of 400,000 tons of copper, 400,000 tons of lead and zinc, 15 tons of gold, and 500 tons of silver annually, supported by proprietary technology [4]. Group 3: Market Trends - The non-ferrous metal sector is currently active, contributing to the stock's upward momentum [3]. - The lithium battery sector is also gaining traction, with the company involved in high-end electrolytic copper foil and lithium iron manganese phosphate materials, enhancing its position in the new energy materials market [4].