有色金属ETF（512400）业绩比较基准为中证申万有色金属指数收益率，管理人为南方基金管理股份有 限公司，基金经理为崔蕾，成立（2017-08-03）以来回报为139.52%，近一个月回报为3.89%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 来源：新浪基金∞工作室 3月5日，有色金属ETF（512400）开盘涨1.62%，报2.383元。有色金属ETF（512400）重仓股方面，紫 金矿业开盘涨1.32%，洛阳钼业涨1.65%，北方稀土涨1.23%，华友钴业涨2.09%，中国铝业涨2.77%，赣 锋锂业涨2.23%，山东黄金涨0.19%，云铝股份涨2.22%，中金黄金涨0.99%，藏格矿业涨1.04%。 ...

Group 1 - The core point of the news is the significant activity in the Hong Kong aluminum sector, with notable price increases for major companies like China Hongqiao and China Aluminum, driven by rising LME aluminum prices following a force majeure event at Alba [1] - LME aluminum prices reached their highest level since May 2022, with an intraday increase of over 4% [1] - By 2025, the Middle East is projected to have alumina production capacity of approximately 4.5 million tons per year, accounting for 2% of global capacity, and electrolytic aluminum capacity of about 6.92 million tons per year, representing 9% of global capacity [1] Group 2 - Iran's electrolytic aluminum production is expected to reach around 620,000 tons by 2025, which would be 0.8% of global production [1] - There is a potential risk of production cuts in the region due to possible attacks on energy infrastructure [1] - If the Strait of Hormuz remains blocked, oil and gas prices, as well as overseas electricity prices, may continue to rise significantly, leading to a potential secondary energy crisis [1] Group 3 - The aluminum industry is particularly sensitive to energy price changes due to its high electricity consumption [1] - China's energy import dependency is relatively low at 20%, providing a competitive advantage in energy pricing [1] - A renewed energy crisis could lead to cost-push aluminum price increases, significantly enhancing the profitability of Chinese aluminum companies [1]

本文源自：金融界AI电报 港股铝业股持续活跃，其中，中国宏桥涨超3%逼近历史高价，中国铝业涨超2%，创科实业涨1.9%，兴 发铝业、俄铝涨超1%，南山铝业国际跟涨。 ...

Group 1 - The aluminum sector in Hong Kong is experiencing significant activity, with China Hongqiao rising over 3%, China Aluminum increasing by more than 2%, and other companies like Chuangke Industrial and Xingfa Aluminum also seeing gains [1][1][1] - The LME aluminum price reached its highest level since May 2022, rising over 4% after a force majeure event at Alba [1][1][1] - By 2025, the Middle East is projected to have alumina production capacity of approximately 4.5 million tons per year, accounting for 2% of global capacity, and electrolytic aluminum capacity of about 6.92 million tons per year, representing 9% of global capacity [1][1][1] Group 2 - If the Strait of Hormuz remains blocked, oil and gas prices, as well as overseas electricity prices, may continue to rise significantly, leading to a potential secondary energy crisis [1][1][1] - The aluminum industry is particularly sensitive to energy price fluctuations due to its high electricity consumption [1][1][1] - China's energy import dependency is relatively low at 20%, and the country has competitive energy prices, which could enhance the profitability of domestic aluminum companies if an energy crisis occurs [1][1][1]

Core Viewpoint - The mining ETF (561330) opened with a gain of 1.55%, indicating positive market sentiment towards the mining sector [1] Group 1: ETF Performance - The mining ETF (561330) opened at 2.418 yuan, reflecting a strong start in the market [1] - Since its establishment on October 19, 2022, the ETF has achieved a return of 138.14% [1] - The ETF's one-month return stands at 4.26%, showcasing recent positive performance [1] Group 2: Major Holdings - Key stocks within the mining ETF include: - Zijin Mining: up 1.32% - Luoyang Molybdenum: up 1.65% - Northern Rare Earth: up 1.23% - Huayou Cobalt: up 2.09% - Aluminum Corporation of China: up 2.77% - Ganfeng Lithium: up 2.23% - Shandong Gold: up 0.19% - Yunnan Aluminum: up 2.22% - Zhongjin Gold: up 0.99% - Tianqi Lithium: up 1.96% [1]

Group 1 - The core point of the article highlights the performance of the Nonferrous Metals ETF (516650), which opened down by 3.09% at 2.230 yuan on March 4 [1] - Major holdings in the Nonferrous Metals ETF include Zijin Mining, which fell by 2.99%, and Luoyang Molybdenum, which dropped by 4.00% [1] - Other notable stock movements include Northern Rare Earth down by 3.29%, Huayou Cobalt down by 1.90%, and Ganfeng Lithium down by 1.62% [1] Group 2 - The performance benchmark for the Nonferrous Metals ETF is the CSI Sub-Industry Nonferrous Metals Theme Index return [1] - The fund is managed by Huaxia Fund Management Co., Ltd., with the fund manager being Shan Kuanzhi [1] - Since its inception on June 9, 2021, the fund has achieved a return of 129.65%, with a one-month return of 4.19% [1]

有色金属ETF（512400）业绩比较基准为中证申万有色金属指数收益率，管理人为南方基金管理股份有 限公司，基金经理为崔蕾，成立（2017-08-03）以来回报为140.45%，近一个月回报为4.51%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 来源：新浪基金∞工作室 3月4日，有色金属ETF（512400）开盘跌4.19%，报2.263元。有色金属ETF（512400）重仓股方面，紫 金矿业开盘跌2.99%，洛阳钼业跌4.00%，北方稀土跌3.29%，华友钴业跌1.90%，中国铝业涨1.43%，赣 锋锂业跌1.62%，山东黄金跌6.07%，云铝股份涨2.59%，中金黄金跌5.59%，藏格矿业涨0.00%。 ...

CBAM 深度解析：高排放行业的加速转型契机 ESG 分析师：马宗明 核心观点 分析师 马宗明 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中国银河证券股份有限公司免责声明 CGS-NDI 专题报告 CBAM 深度解析：高排放行业的加速转型契机 2026 年 3 月 4 日 ：18600816533 ：mazongming_yj@chinastock.com.cn 分析师登记编码：S0130524070001 风险提示 请务必阅读正文最后的中国银河证券股份有限公司免责声明。 2 CBAM 落地生效。历经两年多的过渡期，2026 年 1 月 1 日，欧盟碳边境调 节机制（CBAM）正式生效。CBAM 首先覆盖六大温室气体高排放行业，分别 是钢铁、铝、水泥、化肥、电力、氢。其中，钢铁、铝、氢、电力行业仅需申 报生产过程中的直接温室气体排放；水泥和化肥行业则需申报隐含温室气体排 放。进入正式实施阶段后，进口商需在次年清缴上一年度的进口碳排放，这意 味着首批 CBAM 证书清缴的时间为 2027 年。此外，欧盟或于 2028 年将 CBAM 覆盖行业扩围至钢铝密集型下游（如机械、汽车 ...

致：香港交易及結算所有限公司 公司名稱: 中國鋁業股份有限公司 呈交日期: 2026年3月4日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601600 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 13,211,666,110 | RMB | | 1 RMB | | 13,211,666,110 | | 增加 / 減少 (-) | | | -660,751 | | | RMB | | -660,751 | | 本月底結存 | | | 13,211,005,359 | RMB | | 1 RMB | | 13,211,005,359 | | 2. 股份分類 | 普通股 | 股份 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鋁業股份有限公司 呈交日期: 2026年3月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601600 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 13,211,666,110 | RMB | | 1 RMB | | 13,211,666,110 | | 增加 / 減少 (-) | | | -660,751 | | | RMB | | -660,751 | | 本月底結存 | | | 13,211,005,359 | RMB | | 1 RMB | | 13,211,005,359 | | 2. 股份 ...