江西銅業短線走勢分析：金銅價格強勢支撐，50元關口成後市關鍵 江西銅業(00358.HK)近期股價展現強勢上升格局，截至2月25日報46.04元，漲幅1.18%。從技術走勢來看，江西銅業目前處於強勢上升通道。股價近日接連 突破多條平均線，10日線(44.54元)及30日線(45.56元)已升穿60日線(41.25元)，呈多頭排列，支持短線走勢。 技術指標方面，RSI處於56的水平，反映買方力量略佔優勢；隨機震盪指標發出「買入信號」，威廉指標顯示「超買狀態，中立信號」，CCI指標「中 立」，整體技術面多空交織。值得注意的是，變動率指標及牛熊力量指標均顯示「買入」信號，為短線走勢提供技術支持。儘管技術指標總結信號為「賣 出」，強度達9，但主要反映短線超買後的整固需求，中線趨勢依然向好。 支持位與阻力位方面，綜合最新的技術數據，江西銅業短線首要支持位位於43.1元，該位置是2月中旬股價整固時的低位區域，同時與10日線相近，具有一 定的支持力。若此位置失守，下方更關鍵的支持將下看42.2元，這是20日線所在的水平，也是短期上升軌的底部。阻力位方面，股價目前正挑戰50.1元的短 線阻力，該位置是2025年第四季以來的反 ...

格隆汇2月24日｜江西铜业公告，公司于2025年12月24日通过全资子公司江铜香港投资，以每股28便士 现金发出正式要约收购SolGold plc全部已发行及将要发行股本。根据英国相关收购流程，法院会议于 2026年2月23日（伦敦当地时间）召开，会议表决通过了本次收购方案。同日，目标公司亦召开了股东 大会，表决通过了该收购方案。后续该收购方案将于2026年3月2日（伦敦当地时间）经英国法院进行裁 决庭审。如能通过裁决，预计于2026年3月4日（伦敦当地时间）正式生效。 ...

江西铜业股份（00358，A股名称：江西铜业；代码：600362）2月24日早间在港交所发布公告，公司收 购索尔黄金方案将于3月2日经英国法院进行裁决庭审。 公告内容有关江西铜业于2025年12月24日（伦敦当地时间）通过公司全资子公司江西铜业（香港）投资 有限公司，以每股28便士现金就收购SolGold plc（"目标公司"）全部已发行及将要发行股本（不包括公 司现已持有的股份）发出正式要约（"该收购方案"）。 公告显示，根据英国相关收购流程，法院会议于2026年2月23日（伦敦当地时间）召开，会议表决通过 了该收购方案。同日，目标公司亦召开了股东大会，表决通过了该收购方案。 此后，同年12月25日江西铜业再发布公告，公司于2025年12月24日（伦敦当地时间）通过全资子公司江 铜香港投资，以每股28便士现金（以下简称正式要约价格）就收购目标公司全部已发行及将发行股本 （不包括公司现已持有的股份）发出正式要约。正式要约价格对目标公司已发行及将发行的全部普通股 股本估值约为8.67亿英镑。 公开信息显示，索尔黄金是一家矿产勘探及开发公司，总部位于澳大利亚珀斯，核心资产为位于厄瓜多 尔的Cascabel项目10 ...

南财智讯12月29日电，江西铜业股份（00358.HK）发布须予披露交易公告，于2025年12月24日，公司 全资附属江铜香港投资与SolGoldplc董事会就以全现金方式收购SolGold全部已发行及将要发行的普通股 股本达成协议。基于公告日期已发行的SolGold股份总数及已授出购股权计算（不包括江铜香港投资已 持有的股份），本次交易最高总对价不超过7.64亿英镑。本次收购将以每股28便士的现金对价进行，资 金来源包括江铜香港投资现有现金资源及法国兴业银行提供的贷款融资。收购事项尚需获得SolGold股 东批准，并满足或豁免相关条件，包括法院会议及股东大會决议通过、英格兰及威尔士高等法院裁决及 向英国公司注册处交付法院命令副本等。若完成，江铜香港投资将持有SolGold全部股本，SolGold将成 为江西铜业股份间接全资附属公司，其财务业绩将并入公司合并报表。董事会认为，此次交易条款公平 合理，符合公司及股东整体利益。 ...

证券日报网讯 12月25日，江西铜业（600362）发布公告称，12月24日，江西铜业通过全资子公司江铜 香港投资，以每股28便士现金向SolGoldplc全部已发行及将发行股本（不含已持股）发出正式要约，对 应估值约8.67亿英镑，预计28天内发布协议安排文件并推进法院会议及股东大会，能否完成仍存不确定 性。 ...

Report Industry Investment Rating - Not provided Core Viewpoints - The Shanghai copper market is in a stage of slightly increasing supply and resilient demand. It is recommended to trade with a light position in a slightly bullish range, while paying attention to controlling the rhythm and trading risks [2] Summary by Relevant Catalogs Futures Market - The closing price of the Shanghai copper futures main contract was 96,210 yuan/ton, up 110 yuan; the price of LME 3 - month copper was 12,133 dollars/ton, down 29.5 dollars [2] - The spread between the main contract and the next - month contract was - 160 yuan/ton, down 30 yuan; the position of the main contract of Shanghai copper was 247,747 lots, down 10,557 lots [2] - The position of the top 20 futures holders of Shanghai copper was - 41,742 lots, down 13,656 lots; LME copper inventory was 158,575 tons, up 825 tons [2] - The inventory of cathode copper in the Shanghai Futures Exchange was 95,805 tons, up 6,416 tons; LME copper cancelled warrants were 48,875 tons, down 2,875 tons [2] - The warehouse receipt of cathode copper in the Shanghai Futures Exchange was 52,222 tons, down 2,856 tons [2] 现货市场 - The price of SMM 1 copper spot was 94,760 yuan/ton, up 70 yuan; the price of 1 copper spot in the Yangtze River Non - ferrous Metals Market was 95,005 yuan/ton, up 35 yuan [2] - The CIF (bill of lading) price of Shanghai electrolytic copper was 53 dollars/ton, unchanged; the average premium of Yangshan copper was 56.5 dollars/ton, unchanged [2] - The basis of the CU main contract was - 1,450 yuan/ton, down 40 yuan; the LME copper premium (0 - 3) was 19.69 dollars/ton, up 6.53 dollars [2] - The import volume of copper ores and concentrates was 252.62 million tons, up 7.47 million tons; the rough smelting fee (TC) of domestic copper smelters was - 43.65 dollars/kiloton, down 0.57 dollars [2] Upstream Situation - The price of copper concentrate in Jiangxi was 85,240 yuan/metal ton, up 1,360 yuan; the price of copper concentrate in Yunnan was 85,940 yuan/metal ton, up 1,360 yuan [2] - The processing fee of blister copper in the south was 1,400 yuan/ton, unchanged; the processing fee of blister copper in the north was 1,000 yuan/ton, unchanged [2] - The output of refined copper was 123.6 million tons, up 3.2 million tons; the import volume of unwrought copper and copper products was 430,000 tons, down 10,000 tons [2] Industry Situation - The social inventory of copper was 41.82 million tons, up 0.43 million tons; the price of 1 bright copper wire in Shanghai was 64,690 yuan/ton, up 900 yuan [2] - The ex - factory price of 98% sulfuric acid of Jiangxi Copper was 1,030 yuan/ton, unchanged; the price of 2 copper (94 - 96%) in Shanghai was 78,700 yuan/ton, up 950 yuan [2] 下游及应用 - The output of copper products was 222.6 million tons, up 22.2 million tons; the cumulative completed investment in power grid infrastructure was 48.2434 billion yuan, up 4.4627 billion yuan [2] - The cumulative completed investment in real estate development was 785.909 billion yuan, up 50.282 billion yuan; the monthly output of integrated circuits was 4,392 million pieces, up 215,000 pieces [2] Option Situation - The 20 - day historical volatility of Shanghai copper was 19.41%, up 0.05%; the 40 - day historical volatility of Shanghai copper was 16.28%, down 0.22% [2] - The implied volatility of the current - month at - the - money IV was 26.37%, up 0.0597%; the at - the - money option call - put ratio was 1.11, down 0.1062 [2] Industry News - In November 2025, China's scrap copper import volume was 208,100 tons, a month - on - month increase of 5.8% and a year - on - year increase of 19.9%, reaching a new monthly high in 2025 [2] - On December 24, 2025 (London local time), Jiangxi Copper made a formal offer to acquire all the issued and to - be - issued shares of SolGold plc, with a valuation of about 867 million pounds [2] - The central bank's monetary policy committee held its fourth - quarter regular meeting, suggesting to give play to the integrated effect of incremental and existing policies, strengthen monetary policy regulation, and promote the low - level operation of the social comprehensive financing cost [2]

Core Viewpoint - Jiangxi Copper (600362.SH) announced a formal offer to acquire SolGold plc for £867 million, with a cash offer of 28 pence per share, aiming to enhance its resource reserves and align with its strategic development goals [1][2]. Group 1: Acquisition Details - The acquisition is set to be executed through Jiangxi Copper's wholly-owned subsidiary, Jiangxi Copper (Hong Kong) Investment Co., Ltd [1]. - SolGold plc, established in 2006, is a UK-registered mineral exploration and development company listed on the London Stock Exchange under the ticker SOLG [1]. - The core asset of SolGold is the 100% ownership of the Cascabel project in Ecuador, which is considered one of the world's most significant undeveloped porphyry copper-gold deposits [1]. Group 2: Cascabel Project Overview - The Cascabel project is located in the Imbabura province of northern Ecuador and is expected to become a landmark mining project in South America [1]. - The Alpala deposit within the project has completed a pre-feasibility study, with proven, probable, and inferred resources amounting to 12.2 million tons of copper, 30.5 million ounces of gold, and 102.3 million ounces of silver [1]. - Confirmed and inferred reserves include 3.2 million tons of copper, 9.4 million ounces of gold, and 28 million ounces of silver [1]. Group 3: Strategic Alignment and Future Growth - Post-transaction, SolGold will be included in Jiangxi Copper's consolidated financial statements, reinforcing Jiangxi Copper's position as the largest single shareholder of SolGold [2]. - The acquisition aligns with the long-term goals of both companies to establish a clear development path for the Cascabel project and facilitate its production [2]. - Jiangxi Copper believes that its technical capabilities, engineering, supply chain strength, and financial resources will enhance the development of the Cascabel project, unlocking future growth potential [2].

每经AI快讯，12月25日，江西铜业（600362）公告，于2025年12月24日通过全资子公司江铜香港投 资，以每股28便士现金就收购SolGold plc全部已发行及将发行股本（不包括公司现已持有的股份）发出 正式要约。正式要约价格对目标公司已发行及将发行的全部普通股股本估值约为8.67亿英镑。 ...

Group 1 - The core point of the article is that Jiangxi Copper (600362) announced a formal offer to acquire SolGold plc at a price of 28 pence per share, valuing the target company's entire issued and to-be-issued share capital at approximately £867 million [1] - The acquisition is to be executed through Jiangxi Copper's wholly-owned subsidiary, Jiangxi Copper Hong Kong Investment, and is set to take place on December 24, 2025, London local time [1] - The board of directors of SolGold unanimously recommends that its shareholders vote in favor of the acquisition at the court meeting and support the relevant resolutions at the shareholders' meeting [1] Group 2 - SolGold plc, established in 2006, is a UK-registered mineral exploration and development company listed on the London Stock Exchange under the ticker SOLG [1] - The company's core asset is a 100% stake in the Cascabel project, located in the Imbabura province of northern Ecuador, which is recognized as one of the world's most significant undeveloped porphyry copper-gold deposits [1]

Core Insights - OR Royalties Inc. has reported positive developments across its portfolio, highlighting the upcoming production from Dalgaranga and advancements in other projects like Cascabel, Marimaca MOD, and Spring Valley [2][4] - The company believes that the current share price does not reflect the underlying value of its assets, prompting active share repurchases [4] - Significant exploration results from TDG Gold's AuWEST Project and Benz Mining's Glenburgh Gold Project indicate strong potential in advanced exploration assets [3] Dalgaranga (Operated by Ramelius Resources Ltd.) - Ramelius announced a Pre-Feasibility Study (PFS) for the Never Never deposit, which includes a processing plant upgrade to 5 million tonnes per annum, enhancing production and reducing costs [5] - The Maiden Probable Ore Reserve at Never Never is 7.0 million tonnes at 7.3 g/t Au, equating to 1.6 million ounces of gold [9] - OR Royalties holds a 1.44% gross revenue royalty on Dalgaranga [7] Cascabel (Operated by SolGold plc) - Jiangxi Copper Company Limited made a revised cash offer for SolGold at 28 pence per share, valuing the company at approximately £842 million ($1.1 billion) [8][10] - OR Royalties owns a 0.6% net smelter return (NSR) royalty on the Cascabel property and a 6% gold stream until 225,000 ounces of gold are delivered [11][12] Marimaca MOD (Operated by Marimaca Copper Corp.) - Marimaca received formal environmental approval (RCA) for its Marimaca Oxide Project, moving closer to construction readiness [15][16] - OR Royalties holds a 1% NSR royalty on Marimaca's MOD covering all known resources [17] Spring Valley (Operated by Solidus Resources, LLC) - Solidus announced a definitive Precious Metals Purchase Agreement with Wheaton Precious Metals, fully funding the Spring Valley project [18][19] - The feasibility study projects over 300,000 ounces of gold production per year for a mine life exceeding 10 years [20] - OR Royalties owns a 2.5% to 3.0% NSR royalty on the core of the Spring Valley deposit [21] Windfall (Operated by Gold Fields Ltd.) - Gold Fields updated the project timeline, with plant commissioning expected in the second half of 2028 and first gold production anticipated in the first half of 2029 [22][23] - OR Royalties holds a 2.0-3.0% NSR royalty on the Windfall project [25] Altar (Operated by Aldebaran Resources Inc.) - Aldebaran released a Preliminary Economic Assessment (PEA) for the Altar project, indicating a mine life of 48 years with significant copper and gold production [26][27] - OR Royalties owns a 1.0% NSR royalty on the majority of the Altar project [29] Shaakichiuwaanaan (Operated by PMET Resources Inc.) - PMET announced a lithium-only feasibility study for the Shaakichiuwaanaan property, confirming its potential as a top spodumene concentrate producer [30][32] - OR Royalties holds a sliding scale NSR royalty of 1.5-3.5% on precious metals and 2.0% on lithium at Shaakichiuwaanaan [35] AuWEST (Operated by TDG Gold Corp.) - TDG reported positive assay results from its exploratory drilling program at the Aurora West target, indicating strong mineralization [36][37] - OR Royalties owns a 1.0% NSR royalty on AuWEST and the broader GSN project [38] Glenburgh (Operated by Benz Mining Corp.) - Benz reported significant discoveries at the Glenburgh Gold Project, with high-grade mineralization confirmed in multiple lenses [39][40] - OR Royalties owns a 1.08% gross revenue royalty on Glenburgh [41]