花旗发表研报指，紫金矿业公布其2026年至2028三年生产计划及至2035年的目标概要。2026年的生产指 引为矿产铜120万吨、金105吨、锂12万吨、锌40万吨、银52吨及钼1.5万吨，按年增长分别为10%、 17%、380%、持平、19%及36%。2028年的生产目标为矿产铜1.5至1.6百万吨、金130吨至140吨、锂27 至32万吨、锌40至45万吨、银600至700吨及钼2.5至3.5万吨，与此前指引相比，分别为持平、增加30 吨、增加2万吨、减少15万吨、持平及持平。意味着2025年至2028年间，矿产金和铜的年复合增长率分 别为13%至16%及11%至14%，而锂的年复合增长率预计为121%至134%。该行相信，通过现有矿山的扩 张计划及并购，紫金的产量在未来几年将持续稳健增长，维持首选推荐，目标价为39港元，评级"买 入"。 ...

Group 1: International Gold Market - On Friday, international gold prices fluctuated and closed higher, opening at $4779.32 per ounce, reaching a high of $4971.39 and a low of $4654.35, ultimately closing at $4966.61 per ounce [1][10] - COMEX gold futures reported at $4988.60 per ounce [10] - The London spot gold price increased by 3.98% from the previous day's close, with a year-to-date increase of 15.01% [11] Group 2: Currency and Economic Data - The onshore RMB closed at 6.9401 against the USD, appreciating by 7 basis points from the previous trading day, while the USD index fell by 0.36% to 97.6102 [1][20] - The Michigan Consumer Sentiment Index rose to 57.3 this month, up from a final value of 56.4 in January [1][24] - The central bank conducted a 315 billion yuan 7-day reverse repo operation and a 300 billion yuan 14-day reverse repo operation, resulting in a net withdrawal of 146 billion yuan for the day [1][15] Group 3: Precious Metals and Commodity Market - The Shanghai Gold Exchange's AU99.99 contract closed at 1093.85 yuan per gram, while the main futures contract closed at 1090.12 yuan per gram [12] - The SPDR Gold ETF held 1,076.23 tons of gold, remaining unchanged from the previous week [14][15] - The London Metal Exchange (LME) reported various commodity prices, with LME aluminum at $3110.00 and LME zinc at $3383.00, reflecting increases of 2.74% and 2.45% respectively [11] Group 4: Stock Market Performance - The three major U.S. stock indices closed higher, with the Dow Jones rising by 2.47% to 50115.67 points, the S&P 500 increasing by 1.97% to 6932.30 points, and the Nasdaq up by 2.18% to 23031.21 points [21][22] - In contrast, the A-share market saw declines, with the Shanghai Composite Index down by 0.25% and the Shenzhen Component Index down by 0.33% [21][22]

紫金矿业大幅上调未来黄金产量目标。在金价持续高位运行背景下，计划三年内将矿产金产量提升至130至140吨，较此前规划目标上调近三成。这一调整凸 显公司对市场前景的信心，以及加速释放黄金产能的战略意图。 据公司2月9日发布的公告，紫金矿业董事会审议通过三年（2026-2028年）主要矿产品产量规划，将2028年矿产金目标从此前2024年设定的100至110吨上调 至130至140吨。同时，矿产铜、矿产银产量目标保持不变，分别为150至160万吨和600至700吨。 产量目标上调建立在公司业绩快速增长的基础上。根据初步核算数据，紫金矿业2025年营业收入约3450亿元，较2022年增长约28%；利润总额约800亿元， 增长约167%；归母净利润约510至520亿元，增长约155%至160%。 消息公布后，紫金矿业股价当日上涨4.1%至40.72港元。 公司在公告中表示，将"加大战略性矿产资源获取力度，以金、铜为重点发展矿种"，境内深耕西部重点区域，境外重点关注与中国陆路接壤国家以及其他市 场、法治环境良好的友好国家。 金、锂、钼产能目标上调 紫金矿业此次规划调整幅度显著。根据公告，2026年矿产金产量目标为105 ...

中國證監會發布《關於境內資產境外發行資產支持證券代幣的監管指引》，對境 內資產境外發行資產支持證券代幣實施嚴格監管，明確六大禁止情形，要求業 務開展前需備案。 國家外滙管理局公布統計數據顯示，截至 2026 年 1 月底，外匯儲備規模近 3.4 萬億美元，較 2025 年 12 月末上升 412 億美元，升幅為 1.23%。外管局表示，受 主要經濟體財政政策、貨幣政策及預期等因素影響，上月美元指數下跌，全球 主要金融資產價格總體上漲。滙率折算和資產價格變化等因素綜合作用，當月 外滙儲備規模上升。內地經濟運行穩中有進，發展韌性進一步彰顯，為外滙儲 備規模保持基本穩定提供支撐。 金管局公布，香港於 1 月底的官方外匯儲備資產為 4,356 億美元，去年 12 月底 為 4,279 億美元。為數 4,356 億美元的外匯儲備資產總額，相當於香港流通貨幣 5 倍多，或港元貨幣供應 M3 約 38%。 紫金礦業(02899.HK) 公布，規劃到 2028 年公司的資源儲量、主要礦產品產量、 銷售收入、資產規模、利潤等綜合指標排名進一步提升，銅、金礦產品產量進 入全球前三位，力爭到 2035 年，公司主要指標較 2025 ...

Group 1 - The Hang Seng Index and the Hang Seng Tech Index both rose over 2% in the afternoon session [1] - Pop Mart (09992.HK) saw an increase of nearly 7% [1] - Innovent Biologics (01801.HK) rose by 6.4% [1] - Zijin Mining (02899.HK) experienced a rise of over 5% [1]

Group 1: Precious Metals - The decline in market risk appetite has led to adjustments in precious metal prices, with gold supported by continued purchases from the People's Bank of China and rising ETF holdings [2] - Silver prices are influenced by stable leasing rates and a rapid decline in U.S. silver inventories [2] Group 2: Copper - The expectation of strategic reserves for copper provides support despite macroeconomic pressures, with a focus on upstream resources to counter overseas supply disruptions [3] - The demand for copper is driven by AI computing infrastructure and grid modernization, indicating strong resilience in pricing [3] Group 3: Aluminum - Aluminum prices are under pressure due to seasonal demand weakness, with a decline in processing rates and an increase in social inventory [4] - The macroeconomic environment shows mixed signals, with the ISM services PMI returning to expansion but ADP employment figures falling short of expectations [4] Group 4: Tin - Tin prices are under downward pressure due to overseas macroeconomic factors and reduced funding, but there is increased purchasing interest from downstream sectors as prices decline [5] - The supply side may see marginal easing with increased activity in Indonesian tin transactions and the resumption of production in Myanmar [5] Group 5: Energy Metals - Lithium demand remains strong despite a four-week inventory reduction, with expectations of preemptive battery demand due to changes in export tax policies [6] - Cobalt prices are high due to tight upstream raw material supply, while companies are extending their reach into electric new energy sectors to enhance competitive advantages [6] Group 6: Rare Earths - The supply-demand balance for light rare earths remains tight, with prices continuing to rise due to pre-holiday stocking needs [7] - The investment value of rare earths as a strategic resource is highlighted, with specific companies recommended for investment [7] Group 7: Strategic Metals - Tungsten prices are experiencing a systematic increase driven by supply-demand dynamics, with significant price hikes reported by leading companies [8] - The market for uranium is expected to continue rising due to persistent supply-demand gaps and the development of nuclear power [9]

有色ETF汇添富（159652）标的指数成分股多数冲高，北方稀土涨超5%，紫金矿业、兴业银锡涨超4%，洛阳钼业、中金黄金等涨超2%，华友钴业、中国铝 业等微涨。 【有色ETF汇添富（159652）标的指数前十大成分股】 | 序号 | 代码 | 名标 | 申万一级行业 | 涨跌幅 | 估算权重 | | --- | --- | --- | --- | --- | --- | | 1 | 601899 | 崇舍矿业 | 有色金属 | 4.52% | 14.74% | | 2 | 603993 | 洛阳镇小 | 有色全属 | 2.27% | 7.77% | | 3 | 600111 | 北方稀土 | 有色全居 | 5.57% | 5.10% | | র্ব | 603799 | 华友钻业 | 有色全属 | 0.78% | 4.53% | | ਟ | 601600 | 中国铝业 | 有色全属 | 0.85% | 4.14% | | 6 | 600489 | 中金黄金 | 有色全属 | 2.47% | 3.48% | | 7 | 600547 | 山东黄金 | 有色全居 | 1.49% | 3.37% | | 8 | 0 ...

Group 1 - The core viewpoint of the article highlights the performance of the non-ferrous metal mining ETF, which opened with a gain of 1.94% at 2.254 yuan on February 9 [1] - Major holdings in the non-ferrous metal mining ETF include Zijin Mining, which rose by 3.50%, Luoyang Molybdenum by 2.14%, Northern Rare Earth by 2.97%, and others showing positive gains [1] - The ETF's performance benchmark is the CSI Non-Ferrous Metals Mining Theme Index return, managed by China Merchants Fund Management Co., with a return of 121.32% since its establishment on June 21, 2023, and a 5.62% return over the past month [1]

Core Viewpoint - The continuous increase in gold holdings by the People's Bank of China for 15 consecutive months, along with spot gold prices returning to $5,000 per ounce, has led to a significant rise in the performance of the Huabao Nonferrous Metal ETF (159876), which saw an intraday increase of over 2.5% and is currently up by 1.89% [1] Group 1: ETF Performance - The Huabao Nonferrous Metal ETF (159876) is currently trading at 1.133, with a rise of 0.021 (1.89%) [2] - The ETF is a financing and margin trading target, providing an efficient tool for investors to gain exposure to the nonferrous metal sector [4] Group 2: Sector Performance - Major stocks in the nonferrous metal sector, such as Shenghe Resources and Hunan Silver, have surged over 9%, while Silver Nonferrous and others have also shown significant gains [3] - The overall market for nonferrous metals is expected to benefit from structural demand driven by AI computing expansion and energy transition, indicating that the structural market for commodities may not have ended [4]

Group 1 - The last week before the Spring Festival saw a rally in sectors such as non-ferrous metals, communications, and media, with the Shanghai Composite Index returning above 4100 points and stabilizing above the 5-day moving average [1] - Major stocks leading the index rebound include Zhongji Xuchuang (300308), Zijin Mining (601899), Xinyi Sheng (300502), and China Merchants Bank [1] - Multiple institutions recommend a "hold through the holiday" strategy, suggesting that the recent global narrative changes impacting market sentiment may be stabilizing, creating a favorable environment for market recovery [1] Group 2 - The current market is experiencing rapid structural rotation, making it risky to chase single industry themes; investors are advised to anchor to broad indices like the CSI 300 [2] - The CSI 300 Index consists of 300 representative securities from the Shanghai and Shenzhen markets, covering major sectors such as technology, cyclical, finance, and consumer [2] - As of now, there are over 30 ETFs related to the CSI 300 Index, with the lowest management fee for the Huaxia CSI 300 ETF at 0.15% per year [2]