巴里克周四在一份声明中表示，巴里克将出售新成立的北美矿业子公司的少数股权，同时重申将保 留"相当大规模"的多数股权。该公司管理层预计IPO将于2026年底完成。 来源：智通财经网 总部位于加拿大的全球金矿领军者巴里克矿业(B.US)公布强劲业绩数据，并且重磅宣布将通过IPO项目 来推进其北美顶级黄金资产分拆上市。此次IPO公告发布之际，这家全球第二大黄金生产商正试图重整 旗鼓，紧抓这波史无前例的金价狂飙时期获取更加强劲利润，此前该公司多年来一直落后于黄金矿业领 域的竞争对手们。有媒体报道称，激进维权投资机构埃利奥特投资管理公司已购入巴里克黄金公司的大 量股份，获得埃利奥特入股的上市公司股价往往将迎来一段大幅上涨时期。 最新财报数据显示，巴里克矿业季度现金流与每股收益均创下历史新高，2025年黄金和铜产量与分析师 预期基本相符合。巴里克矿业第四季度黄金产量较第三季度增长5%，达到87.1万盎司，第四季度整体 营收约60亿美元，意味着同比大幅增长64.4%，比市场预期足足高出约8.4亿美元，环比基准下的增幅则 高达45%。 受益于黄金价格2025年疯涨70%，以及2025年下半年以来LME国际铜价在AI数据中心建 ...

相关事件 摩根大通发表研报，预期万国数据于中国的AI数据中心建设项目将于2026年加速推进，因国产芯片供 应开始加速增长、英伟达H200 GPU的供应状况变得更为明朗，而且内地供应商正在部署更多AI应用。 基于更强劲的核心业务及其股权投资的潜在价值释放，该行将其美股目标价由40美元上调至55美元，重 申"增持"评级。 万国数据-SW(09698.HK)私人配售3亿美元可转换优先股予华泰资本 万国数据-SW(09698.HK)：收回 DayOne投资本金约95% 回报率近6.5倍 大行评级丨小摩：上调万国数据目标价至55美元，预期AI数据中 心建设加速 万国数据-SW(09698.HK)私人配售3亿美元可转换优先股予华泰资本 ...

脖子哥是真没想到，用来避险的黄金也能中招。 上周五，美联储主席的紧急换号，让全球期货市场发生 10 级大地震，一波空头炸弹砸下来，黄金直接跌破 5000 美元，白银也大跌 30% 。 就问买了黄金、白银的兄弟们，大伙儿刺不刺激？ | 现货黄金 | 现货自银 | 现货铂金 | | --- | --- | --- | | 4703.42 | 74.3950 | 2024.02 | | -674.03 -12.53% | -41.0690 -35.57% | -609.41 -23.14% | | 现货铝金 | COMEX黄金 | COMEX白银 | | 1615.81 | 4724.9 | 74.775 | | -380.46 -19.06% | -629.9 -11.76% | -39.654 -34.65% | | NYMEX铝等 | NYMEX铝金 | | | 1993.7 | 1611.0 | | | -624.6 -23.86% | -407.6 -20.19% | | | LME镍 | LME铅 | LME锡 | | --- | --- | --- | | 17505.0 | 1986.5 | 506 ...

Group 1 - The core viewpoint is that CDU liquid cooling pumps are expected to benefit from the accelerated construction of AI data centers, with a significant market potential projected for 2026 [1][2] - CDU liquid pumps play a crucial role in regulating coolant flow and pressure, constituting the "heart" of the liquid cooling system, with a value contribution of 30%-40% to the overall system [2] - The estimated market size for liquid cooling systems by NV and Google in 2026 ranges from $9.3 billion to $12.6 billion, translating to a market size for CDU liquid pumps of approximately $1.139 billion to $1.544 billion [2] Group 2 - The primary cold source in the liquid cooling system is also expected to benefit from the growth of AI data centers, responsible for generating and providing cooling capacity [3] - According to QYresearch, the global revenue for data center chillers is projected to reach approximately ¥105.21 billion in 2024 and nearly ¥167.33 billion by 2031 [3] - The refrigeration compressor, which is a key component of the cooling system, accounts for over half of the costs associated with chillers [3]

截至2026年1月29日 14:27，有色金属ETF(512400)一度涨超4%，现涨2.35%，盘中换手12.52%，成交 57.37亿元，市场交投活跃。跟踪指数中证申万有色金属指数成分股铜陵有色上涨10.06%，西部黄金上 涨10.01%，湖南黄金上涨10.01%，云南铜业，盛和资源等个股跟涨。 有色金属ETF(512400)，场外联接(A类：004432；C类：004433)。 2025年全年金价涨幅达67%，创近年新高，主要驱动力来自央行持续购金、美元走弱、关税与贸易风险 上升以及强劲的期权市场活动；其中，新兴市场央行正加速减持美债、增持黄金，波兰央行已批准150 吨黄金采购计划。展望2026年，世界黄金协会指出，尽管短期或受波动率上行影响出现宽幅调整，但中 长期黄金走势仍将由结构性因素主导，包括地缘冲突常态化、美联储政策独立性受质疑及全球货币体系 信任重构等核心逻辑未变。 1月29日午后，金、银、铜全线大涨，现货黄金强势逼近5600美元关口，再创新高。白银连续主力合约 日内触及涨停，沪铜主力合约突破11万元/吨，日内涨幅达8%，同样创历史新高。 有色金属ETF(512400)紧密跟踪中证申万有色金属 ...

后市来看，中金财富期货表示，宏观风险抬升的影响，叠加下游电缆厂多采取随采随制来规避风险，铜 价继续窄幅震荡运行。现阶段市场情绪指引交易，维持高位震荡为宜。 供给方面，冠通期货指出，在本周四，卡普斯通铜业公司称，因最大工会与公司未达成集体谈判协议引 发罢工，致其位于智利的曼托韦德铜矿停产，该矿预计2025年阴极铜产量为2.9万至3.2万吨。TC/RC费 用保持弱稳，且出现进一步下探的趋势，市场对供应端紧张的态度未曾改变。SMM根据各家排产情 况，预计1月国内电解铜产量环比下降1.45万吨降幅为1.23%，同比增加15.63万吨升幅为14.78%。 需求端，新湖期货分析称，新能源领域持续带来消费增量，再加上全球AI数据中心建设和全球电网建 设改造周期的助力，全球铜消费韧性较强。 1月29日，国内期市有色金属板块大面积飘红。其中，沪铜期货盘面延续涨势，截至发稿主力合约大幅 上涨7.99%，报110420.00元/吨。 宏观方面，据广州期货介绍，美联储如期维持利率不变，但其声明和主席鲍威尔的讲话，都暗示在经济 数据依然强劲的背景下，美联储并不急于降息，缺乏新增宽松信号的立场，短期宏观影响偏中性。 ...

1月27日，南下资金净卖出港股6.35亿港元，为连续第三日净卖出。 其中：净买入腾讯控股10.24亿、中国人寿5.11亿、长飞光纤光缆3.54亿、中国海洋石油3.12亿；净卖出中国移动11.47亿、紫金矿业8.42亿、中芯国际5.52 亿、阿里巴巴-W 4.01亿、华虹半导体1.91亿、招金矿业1.45亿、紫金黄金国际1.33亿。 据统计，南下资金已连续5日净买入中海油，共计14.0858亿港元；连续3日净买入腾讯，共计22.7903亿港元；连续17日净卖出中国移动，共计140.4003亿港 元；连续3日净卖出阿里巴巴，共计21.2684亿港元。 | | 沪股通 | | | | | --- | --- | --- | --- | --- | | 名称 | 涨跌幅 | 净买入额(亿) | 成交额 | 名称 | | 阿里巴巴-W | 2.9% | -0.57 | 47.26 Z | 阿里巴巴-W | | 腾讯控股 | 1.3% | 8.69 | 33.88 Z | 腾讯控股 | | 中国移动 | -0.4% | -15.93 | 26.36 Z | 中芯国际 | | 中芯国际 | 1.4% | -0.86 | 2 ...

Core Viewpoint - The resource sector has seen significant growth, with many resource-related funds doubling their net value over the past year, driven by strong performance in the non-ferrous metals sector and rising prices of gold and silver [2][4]. Group 1: Performance of Resource Funds - The non-ferrous metals sector rose by 89.38% in 2025, leading the A-share market, and continued to attract attention in 2026 as gold and silver prices reached new highs [2]. - As of January 19, 2026, 176 public funds had a net value growth rate exceeding 100% over the past year, with 124 of these being actively managed equity funds [4]. - Among the funds that doubled their net value, many focused on resource sectors, particularly in passive index products, where over 40 funds were related to non-ferrous metals and gold industries [4]. Group 2: Fund Manager Strategies - Fund managers adjusted their holdings in the fourth quarter based on fundamental changes and valuation considerations, with many reallocating towards new energy resources like cobalt and lithium, while reducing exposure to traditional non-ferrous metals [10]. - The top holdings of funds like the China Europe Cycle Preferred Mixed Fund included major global mining companies and focused on sectors benefiting from supply-side reforms [10]. Group 3: Future Outlook - Fund managers remain optimistic about resource-related investments, citing factors such as global monetary easing, increased demand from AI data centers, and supply uncertainties as drivers for the resource sector [12]. - The China Europe Resource Selected Mixed Fund manager highlighted five key commodities for 2026: copper, aluminum, lithium carbonate, gold, and minor metals, while also considering opportunities in sectors like chemicals and steel [13].

Core Viewpoint - The resurgence of geopolitical tensions and the "sell-off of American assets" has led to a significant influx of safe-haven funds into gold and silver, driving both metals to record highs since 2025 [1][3]. Group 1: Market Trends - Gold and silver prices have continued to rise, with silver futures hovering around $94.6, following a peak of $95.77 [1]. - The demand for silver has surged, with retail investors in countries like Turkey and India willing to pay high premiums for the metal, leading to shortages of silver coins and small bars [2][4]. - Citigroup has made aggressive bullish predictions for precious metals, forecasting silver prices to reach $100 per ounce and gold to potentially exceed $5,000 in the next three months [3][13]. Group 2: Demand Drivers - The primary driver for the current rise in precious metals is demand, particularly from central banks for gold and industrial expansion for silver [2]. - Industrial applications, such as data center infrastructure and innovative silver-based batteries, are significantly boosting silver demand, while supply growth struggles to keep pace [2][12]. - The World Silver Association highlights that the growth in sectors like AI data centers, electric vehicles, and renewable energy will continue to drive silver demand through 2030 [12]. Group 3: Retail Investor Behavior - Retail investors are exhibiting unprecedented demand for silver, leading to supply shortages and high premiums in various markets [4][10]. - The phenomenon of retail buying is not limited to large consumer countries; it is spreading globally, with reports of rapid sell-outs in markets like South Korea and Singapore [10][11]. - Misleading market information has also fueled retail buying, as investors react to perceived shortages and policy changes [10]. Group 4: Supply Constraints - Precious metal refiners are struggling to meet the soaring demand for small-sized silver bars and coins, leading to significant supply constraints [8][9]. - The focus of refiners on larger silver bars has exacerbated the shortage in the retail market, where demand for smaller denominations is highest [9][10]. - The supply chain has been affected by geopolitical tensions and trade policies, further complicating the availability of silver in key markets [7][11].

Group 1 - The core viewpoint of the article highlights the significant price increase in G.652.D optical fiber, indicating a recovery trend in the market after two consecutive quarters of price rises [1] - Longfly Optical Fiber (06869) saw its stock price rise by over 5%, reaching HKD 57.65, with a trading volume of HKD 1.07 billion [1] - According to Yongxing Securities, the G.652.D optical fiber is expected to experience notable price increases and supply tightness by Q4 2025, with some major manufacturers unable to meet their own orders and turning to external sourcing [1] Group 2 - Changxin Bochuang has forecasted a net profit of RMB 320 million to RMB 370 million for the fiscal year 2025, representing a year-on-year growth of 344.01% to 413.39% [1] - Huatai Securities noted that Longfly Optical Fiber's subsidiary, Changxin Bochuang, has seen strong growth in its MPO, AOC, and high-speed copper cable businesses, benefiting from the construction of AI data centers in North America and the continuous expansion of its overseas business [1]