（编辑 袁冠琳） 证券日报网1月15日讯 ，北方稀土在接受调研者提问时表示，公司控股子公司北方嘉轩主要从事永磁电 机的研发与制造，北方嘉轩的永磁技术解锁了更多节能场景："永磁半直驱改造"方案在系统、性能、节 能效果以及降低成本等方面具有绝对优势，高度契合国家高耗能设备淘汰政策，为皮带机升级提供新方 向；永磁外转子滚筒电机具有预测性维护、能源管理、协同控制、回收价值高等特性，减少突发故障对 生产的扰动，智能驱动器还能记准每度电消耗，是专为皮带输送打造的"电机－滚筒一体化"智能方案； 永磁智能直驱传动让工业传动模式在保持高效运行、降低故障风险、节能环保、节省安装空间的基础 上，还能完美适配液压站、水泵、粉磨、破碎、运输、搅拌、冷却等各类复杂工业场景。目前北方嘉轩 正在积极开拓市场，为实现智能化制造绿色化制造提供驱动力。公司主导完成的"低速大转矩稀土永磁 驱动电机系统的研发"获得中国钢铁工业协会、中国金属学会冶金科学技术奖三等奖。公司还搭建起国 内首条稀土盘式电机智能示范线，该示范线产出的3瓦稀土永磁轴向磁通电机仅有6毫米厚，较同类产品 体积减少60%、重量下降80%，且扭矩转速更高、能耗更小、寿命更长。可服务于消 ...

（编辑 袁冠琳） 证券日报网1月15日讯 ，北方稀土在接受调研者提问时表示，目前在市值管理方面对公司有定性的要 求。公司以维护和促进市值提升为目标，以制度建设为基础、多维度协同为路径，系统推进市值管理工 作。公司制定《市值管理办法》，为合规开展市值管理提供制度遵循，通过强化公司治理、规范信息披 露、优化投资者关系管理、并购重组、监测舆情等多措并举开展市值管理，同步联动ESG管理等工作助 力市值提升。公司市值在稀土行业上市公司中保持首位。公司股票于2025年4月首次入选中证A50指数 成分股，12月再次重回上证50指数成分股，公司的资本市场关注度和投资价值吸引力被发现。 ...

证券日报网1月15日讯 ，北方稀土在接受调研者提问时表示，在当前绿色低碳的背景下，稀土二次资源 利用前景广阔。《稀土管理条例》明确鼓励和支持企业利用先进适用技术、工艺，对稀土二次资源进行 综合利用，而当下新能源汽车、风电、消费电子等领域对稀土需求的不断攀升，也为稀土二次资源利用 提供了更多资源。公司控股子公司信丰新利及其子公司龙南新利主要从事废料回收业务，信丰新利拥有 年产5572吨废料回收生产能力，龙南新利拥有年产3100吨废料回收生产能力，在行业单体企业中规模较 大；公司控股子公司金蒙稀土年产4000吨钕铁硼废料回收生产线已完成钕铁硼废料前处理车间、预处理 车间主体结构建设，进入试生产阶段。对于稀土镨钕金属销售后的废料返还，自2022年起公司与下游磁 材企业签订供货协议时，约定了使用公司稀土镨钕金属的磁材企业在自己生产制造环节产生的生产性废 料，要按照市场化的原则返回公司进行资源回收利用。目前，公司已经形成从原矿到金属、磁材以及磁 材产生废料进行回收的循环利用。公司积极布局发展稀土二次资源利用产业，打造万吨级资源循环利用 产能规模，通过有效利用二次资源实现稀土全元素回收利用，提升稀土元素的经济价值。 （编 ...

Group 1 - The small metal sector increased by 2.08% on January 15, with Xianglu Tungsten leading the gains [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - Key stocks in the small metal sector showed significant price increases, with Xianglu Tungsten rising by 10.00% to a closing price of 19.14 [1] Group 2 - The small metal sector experienced a net inflow of 1.182 billion yuan from main funds, while retail investors saw a net outflow of 571 million yuan [2] - Notable stocks with significant main fund inflows included Northern Rare Earth with 361 million yuan and Xiamen Tungsten with 157 million yuan [3] - Retail investors showed a negative trend in several stocks, including Xianglu Tungsten, which had a net outflow of 8771 million yuan from retail investors [3]

Group 1 - The market's concerns regarding mineral tariffs have eased, and the situation in Venezuela continues to develop, leading to increased attention on global supply issues in the non-ferrous metals sector [1] - Guojin Securities indicates that China may begin its replenishment process earlier, suggesting that copper prices will not decline with the US's pause in replenishment but will instead rise again with China's replenishment [1] - As of January 15, 2026, the Guozheng Non-Ferrous Metals Industry Index (399395) rose by 0.67%, with significant increases in component stocks such as Huayou Cobalt (up 6.14%) and Ganfeng Lithium (up 4.13%) [1] Group 2 - The Guozheng Non-Ferrous Metals Industry Index tracks 50 prominent securities in the non-ferrous metals sector, reflecting the overall performance of listed companies in this industry on the Shanghai and Shenzhen stock exchanges [1] - As of December 31, 2025, the top ten weighted stocks in the Guozheng Non-Ferrous Metals Industry Index account for 51.65% of the index, including Zijin Mining and China Aluminum [1]

Core Viewpoint - The recent performance of the non-ferrous metal ETF (512400) indicates a strong upward trend, driven by significant capital inflows and favorable macroeconomic conditions, particularly in the context of U.S. inflation data and expectations for interest rate cuts by the Federal Reserve [1][2]. Group 1: Market Performance - As of January 15, 2026, the non-ferrous metal ETF (512400) rose by 1.82%, marking its fifth consecutive increase, with a trading volume of 1.964 billion yuan and a turnover rate of 6.22% [1]. - The ETF has seen continuous net inflows over the past eight days, surpassing a total scale of 30 billion yuan [1]. - Key stocks within the index, such as Huayou Cobalt, rose by 6.77%, while other notable performers included Zhong Rare Earth (up 4.92%) and Chihong Zn & Ge (up 4.67%) [1]. Group 2: Economic Indicators - On January 13, 2026, the U.S. Labor Department reported that the Consumer Price Index (CPI) for December 2025 increased by 2.7% year-on-year, with the core CPI rising by 2.6%, both figures below market expectations [1]. - The lower-than-expected inflation data has strengthened the market's anticipation of interest rate cuts by the Federal Reserve, with the probability of a rate cut in April rising to 42% [1]. Group 3: Industry Outlook - China Galaxy Securities suggests capitalizing on the "AI leap + century change" resonance, indicating a super cycle in non-ferrous metals driven by the "AI technology revolution" and "global order reshaping" [2]. - Historical patterns show that each super copper cycle corresponds with strong macro narratives, and the current cycle is expected to have significant strategic implications [2]. - The non-ferrous metal index, which tracks 50 listed companies in the sector, reflects the overall performance of the industry, with major constituents including Zijin Mining, Luoyang Molybdenum, and Northern Rare Earth [2].

Group 1 - Over 10 billion in main funds flowed into the non-ferrous metal sector, making it the top sector among 31 Shenwan first-level industries [1][8] - The popular ETF, Non-Ferrous ETF Huabao (159876), saw an intraday increase of 3.76%, currently up 1.08%, reaching a historical high [1][8] - As of the report, there was a net subscription of 37.2 million units, with a total of 440 million yuan raised over the past 10 days, indicating strong investor confidence in the non-ferrous metal sector [1][8] Group 2 - Key stocks in the sector include Huayou Cobalt, which rose over 6%, and Hunan Silver and Chihong Zn & Ge, which increased by over 4% [4][10] - Other notable stocks include Jiangxi Copper, Ganfeng Lithium, and Zhongjin Lingnan, which also experienced gains [4][10] Group 3 - The Federal Reserve's recent Beige Book indicated moderate economic expansion in the U.S., but inflationary pressures remain, with potential interest rate cuts later this year [2][12] - Analysts suggest that the Fed's interest rate cuts could lead to a depreciation of the dollar, making dollar-denominated metals cheaper and increasing global demand [3][12] - The current monetary policy environment is expected to be favorable for the non-ferrous metal market, with a potential "super cycle" for industrial metals like copper and aluminum [3][12] Group 4 - The Non-Ferrous ETF Huabao and its linked funds cover a wide range of sectors including copper, aluminum, gold, rare earths, and lithium, allowing for better exposure to the entire sector's performance [5][12]

Group 1 - The Industrial Nonferrous ETF (560860) has seen a price increase of 0.94%, reaching 1.831 yuan, with a turnover rate of 1.15% [1] - The top ten weighted stocks in the ETF include Northern Rare Earth (up 1.83%), Luoyang Molybdenum (up 1.59%), and Huayou Cobalt (up 7.33%), among others [1] - The fund has attracted significant capital inflow, with a net inflow of 430 million yuan on January 13 and a total of 2.227 billion yuan over the past five trading days, exceeding 3.4 billion yuan in the last ten days [1] Group 2 - The fund's scale has rapidly increased, surpassing 10 billion yuan on January 6 and approaching 13 billion yuan by January 14 [3] - The Industrial Nonferrous ETF closely tracks the CSI Industrial Nonferrous Metals Theme Index, which includes 30 leading stocks in the industrial nonferrous metal sector, with copper (34.4%), aluminum (21.8%), and rare earths (13.6%) being the top three metals [5] - The top ten constituent stocks account for 56.18% of the index, indicating a concentrated weight in leading companies within the industrial metal sectors [9] Group 3 - The Industrial Nonferrous ETF (560860) is the only ETF product tracking the CSI Industrial Nonferrous Metals Theme Index, providing investors with an efficient one-stop solution for exposure in this sector [7] - Investors can also access the fund through connection classes (A class: 018489; C class: 018490) to capitalize on cyclical and policy-driven opportunities [7]

Group 1 - The core viewpoint of the article highlights the growth in the metal products industry in China, with an increase in the number of enterprises in the sector [1] - As of January to November 2025, the number of enterprises in the metal products industry reached 38,396, representing an increase of 1,171 enterprises compared to the same period last year, which is a year-on-year growth of 3.15% [1] - The metal products industry accounts for 7.3% of the total industrial enterprises in China [1] Group 2 - The data regarding the number of enterprises in the metal products industry is sourced from the National Bureau of Statistics and organized by Zhiyan Consulting [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [1] - The firm emphasizes its commitment to providing comprehensive industry solutions to empower investment decisions through professional insights and quality services [1]

Group 1 - The main market experienced a net outflow of 65.742 billion yuan in principal funds as of January 15 [1] - The top ten sectors with inflows of principal funds include: Battery (2.19% increase, 2.915 billion yuan), Energy Metals (2.96% increase, 1.946 billion yuan), and Minor Metals (0.9% increase, 1.541 billion yuan) [2][3] - The sectors with the highest net inflows are led by Battery, followed by Energy Metals and Minor Metals, indicating a positive sentiment in these areas [2][3] Group 2 - The Chemical Products sector saw a slight increase of 0.36% with a net inflow of 1.233 billion yuan, while Non-Metallic Materials experienced a decrease of 0.49% with a net inflow of 1.515 billion yuan [2] - Precious Metals had a notable increase of 3.81% with a net inflow of 0.482 billion yuan, indicating strong investor interest [3] - The Tourism and Hotel sector also showed a positive trend with a 1.69% increase and a net inflow of 0.330 billion yuan [3]