中银国际发布研报称，预计公司2025年下半年净利润将按半年增长4%。保守假设其铜产量按半年下降 10%，其中Las Bambas的铜产量根据其全年指引中点预计，按半年下降20%。公司在6月和7月初因采矿 相关的道路封锁后，于指引中留有足够缓冲空间。若营运不再出现中断，该矿全年产量可望超过40万 吨。 智通财经APP获悉，五矿资源(01208)再涨近5%，截至发稿，涨4.59%，报4.79港元，成交额7157.26万港 元。 消息面上，五矿资源公布中期业绩，上半年收入为28.17亿美元，同比增长47%；公司权益持有人应占 溢利3.4亿美元，同比增长1511%。收入增长主要由于销量增加及商品价格上涨。利润增长主要得益于 旗下三座铜矿的铜产量全面提升、铜、金、银、锌市场价格上扬，以及LasBambas单位成本下降。 ...

除了钼价，铁矿石、焦炭等原料价格亦有不同程度的上调。 7月30日晚间，一份由太钢集团、中信泰富特钢、青拓集团三方联合署名的声明在业内流传。 "近期，受到钼精矿价格波动影响，钼铁市场价格出现大幅度上涨，对下游企业造成了严重影响……"声 明称，强烈谴责市场上的非理性炒作行为，并将暂停钼铁采购。 对于上述声明，21世纪经济报道记者分别从业内两个不同渠道进行了核实。而导致钼价上涨的原因，又 与近期中国黄金（600916）集团内蒙古矿业有限公司所发生的安全事故存在一定关联。 相关数据显示，中金集团内蒙古矿业有限公司铜钼矿年产钼精矿11900实物吨，约占国内钼精矿总产量 的3.9%左右，目前受事故影响该公司已经停产。 供应端减少，给市场推涨钼价提供了理由。安泰科数据显示，7月23日至30日，国内钼精矿 （45%-50%）平均价由3985元/吨度上涨至4285元/吨度，同期钼铁（60% Mo）平均价由则由25.25万元/ 吨升至27.65万元/吨。 本报近期报道指出，内蒙铜钼矿年产钼精矿11900实物吨，约占中国钼精矿总产量的3.9%。如果停产， 每月钼精矿产量预计减少1000吨左右。 值得注意的是，今年国内钼铁下游需求保 ...

Core Viewpoint - The recent decline of the US dollar index, which has dropped over 10% this year and reached a low of 96.9923, is attributed to factors such as the weakening of dollar credit, changes in global geopolitical situations, and negative impacts from tariff policies on the US economy [1][3]. Group 1: Impact on Commodities - The decline in the US dollar index typically correlates with an increase in commodity prices, particularly for globally traded commodities priced in dollars [3]. - Specific commodities like copper, aluminum, and platinum have seen significant price increases this year, benefiting from the depreciation of the dollar [4]. - Precious metals, including gold and silver, have experienced substantial gains, with both rising over 20% this year due to the favorable conditions created by the falling dollar index [4]. Group 2: Impact on Stock Markets - The weakening dollar index tends to have a positive short-term effect on the US stock market, especially for export-oriented US companies that gain a price advantage in international markets [4]. - The depreciation of the dollar also encourages liquidity to flow towards non-US markets, potentially boosting their stock performance [4]. Group 3: Impact on Bond Markets - The effects of the declining dollar index on the bond market are complex, with expectations of potential interest rate cuts by the Federal Reserve providing a bullish outlook for US Treasuries [4]. - However, inflationary pressures from tariff policies may negatively impact US bonds, leading to a mixed performance in the bond market [4]. - Historical data indicates that during periods of dollar index decline, bonds tend to perform weaker compared to other asset classes, with significant selling pressure observed in long-term bonds [5]. Group 4: Historical Analysis and Future Outlook - Historical analysis shows that during past declines of the dollar index, precious metals and financial commodities like copper have benefited the most, followed by US and Hong Kong stocks, and then US bonds [5]. - Given the current trend of the dollar index, there is an expectation that investments in gold, silver, and undervalued commodities, as well as core stocks in Hong Kong, may yield significant benefits [5].