来源：@CCTV国际时讯 责编：汪云鹏 校对：高源 百万用户都在看 两项"新政"，即将推出！吴清发言全文来了 最新！美军：军事行动将升级！伊朗：已做好长期战争准备！ 伊朗：已有超500名美军丧生！刚刚，日韩股市暴涨！ 深夜暴跌！美股，全线重挫！美联储，遭遇重大变数！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 据@CCTV国际时讯报道，美国内政部长道格·伯格姆当地时间3月8日接受采访时证实，价值1亿美元的委内瑞 拉黄金已于当地时间3月6日运抵美国，据称"将用于工业和商业用途"。 根据美国财政部网站信息，美国当天发布了一项许可证，授权涉及委内瑞拉产黄金的特定交易。上周早些时 候，伯格姆访问了委内瑞拉，此次访问的重点正是矿业领域。伯格姆带了20多家采矿和矿产企业代表，并称他 对扩大委内瑞拉石油和采矿业持乐观态度。 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 F 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 ...

Group 1 - The U.S. Secretary of the Interior, Doug Burgum, confirmed that $100 million worth of Venezuelan gold arrived in the U.S. on March 6, intended for industrial and commercial use [1] - The U.S. Treasury issued a license on the same day to authorize specific transactions involving Venezuelan gold [1] - Burgum's recent visit to Venezuela focused on the mining sector, accompanied by representatives from over 20 mining and mineral companies, expressing optimism about expanding Venezuela's oil and mining industries [1] Group 2 - A-shares of 13 "lobster stocks" collectively hit the daily limit, benefiting from sector adjustments [4] - Saudi Arabia has begun reducing oil production, leading to a surge in oil prices, which is impacting coal chemical industries and can potentially affect pig farming [4] - International oil prices recently fell below $100, while domestic oil prices are set to increase, marking the largest rise in nearly four years [4]

Core Viewpoint - Ghana is positioning itself as a strong player in the mining sector, emphasizing its historical reputation and solid foundation in mining, particularly as the "Gold Coast" [1] Group 1: Ghana's Mining Sector - Ghana's Minister of Lands and Natural Resources, Kofi Buah, highlighted the country's long-standing reputation as a mining powerhouse during the "Australia in Africa Mining" forum [1] - The government has announced the removal of exploration taxes to facilitate business operations and partnerships in the mining sector [1] Group 2: Australia-Ghana Relations - There is a strong relationship between Ghana and Australia, particularly in the fields of mining, agriculture, and education [1] - Opportunities for collaboration include geological exploration, mineral processing, green technologies, lithium mining, and other critical mineral sectors [1]

Core Viewpoint - The announcement of Mr. Chen Jinghe as the Chief Advisor and the establishment of a Strategic Development Committee are expected to enhance the growth strategy and future project potential for the company, leading to a significant increase in stock price [1] Group 1: Company Developments - Mr. Chen Jinghe will be appointed as the Chief Advisor of the company, effective from February 2, 2026 [1] - The company has established a Strategic Development Committee to provide advice on the development strategies of existing businesses and potential future projects [1] Group 2: Financial Performance - The stock price of the company rose over 8% in early trading and is currently up by 5.06%, trading at HKD 13.08 with a transaction volume of HKD 733 million [1] Group 3: Partnerships and Contracts - In October 2024, the company completed a placement of 166 million shares to a wholly-owned subsidiary of Zijin Mining [1] - In May of this year, the company's subsidiary, Jinling Mining, signed a mineral processing technical service contract with Zijin Mining and a feasibility study contract for expansion with Zijin Engineering [1] - According to a report by Global Fortune, the collaboration with Zijin Mining is expected to accelerate the development of the company's Jinling project in the Solomon Islands through funding and experience sharing, as well as support in overseas mining technology and operations [1]

Core Viewpoint - The announcement of Chen Jinghe's appointment as Chief Advisor and the establishment of a Strategic Development Committee are expected to enhance the growth strategy and future project potential of the company, particularly in collaboration with Zijin Mining Group [1] Group 1: Company Developments - The stock price of the company increased by over 8% in early trading, currently up by 5.06% at HKD 13.08, with a trading volume of HKD 733 million [1] - Chen Jinghe, founder and former chairman of Zijin Mining Group, will be appointed as Chief Advisor effective February 2, 2026 [1] - The company has established a Strategic Development Committee to provide advice on the development strategies of existing businesses and potential future projects [1] Group 2: Collaboration with Zijin Mining - In October 2024, the company completed a placement of 166 million shares to Zijin Mining's wholly-owned subsidiary, Jinshan (Hong Kong) International Mining [1] - In May of this year, the company's subsidiary, Jinling Mining, signed a mineral processing technical service contract with Zijin Mining and a feasibility study contract for expansion with Zijin Engineering [1] - Global Fortune released a report indicating that collaboration with Zijin Mining will not only provide funding to accelerate the development of the company's Jinling project in the Solomon Islands but also facilitate experience sharing and support in overseas mining technology and operations [1]

Core Viewpoint - Tianqi Lithium's significant investment in SQM is influenced by the strategic partnership between SQM and Codelco, which has progressed but remains subject to legal challenges [1][2]. Group 1: Strategic Partnership Developments - SQM and Codelco have completed key advancements in their strategic partnership, with the joint venture named Nova Andino Litio SpA, although it is still bound by conditions from the Chilean Supreme Court [1]. - The partnership agreement signed on May 31, 2024, allows for the integration of Codelco's subsidiary into SQM, extending SQM's lithium extraction rights in the Atacama salt flat from 2030 to 2060, with plans to increase production by 300,000 tons of lithium carbonate equivalent (LCE) between 2025 and 2030 [1]. Group 2: Financial Implications - The strategic partnership's A and B class shares will take effect from January 1, 2025, impacting dividend distribution and core economic rights [2]. - The completion of the transaction will affect Tianqi Lithium's investment returns and dividends from its long-term equity stake in SQM, although the specific financial impact cannot be estimated until SQM's 2025 consolidated financial statements are available [2]. Group 3: Legal and Governance Concerns - Tianqi Lithium's subsidiary has raised objections to the partnership, leading to a series of legal proceedings, including an appeal to the Chilean Supreme Court after lower courts dismissed its claims [1]. - The partnership may lead to uncertainties regarding Tianqi Lithium's governance rights and the potential dilution of its influence over SQM, particularly after 2031 when SQM may lose control over its core lithium business [3].

Group 1 - The 2025 China International Mining Conference opened in Tianjin, emphasizing an open, inclusive, and cooperative approach to foster global mining collaboration and sustainable development [1][3] - The conference aligns with national development strategies, focusing on reform and innovation, and has seen increased international influence, attracting numerous enterprises to participate [3] - The conference serves as an efficient platform for face-to-face communication among companies, reducing time costs associated with individual visits [8][10] Group 2 - The company, TÜV SÜD, has over 80 branches in China, with its Tianjin office located in the Binhai New Area, providing comprehensive testing services across various sectors, particularly in the mining industry [7] - Jinma New Energy Co., Ltd., a first-time participant from Shandong, aims to offer energy services to mining companies and establish connections within the industry [8] - The conference is recognized as a vital bridge for resource linkage and collaboration expansion, injecting new momentum into the high-quality development of the mining sector [10]

1. Report Industry Investment Rating - Not provided in the document 2. Core Views of the Report - For lead, raw material supply is tight and demand is in the off - season. Cost support and weak demand compete, so short - term lead prices are expected to fluctuate widely. Long - term focus on macro uncertainties [1] - For zinc, short - term macro sentiment is uncertain, leading to wide - range fluctuations in zinc prices. In the long - run, TC has room to rise and the center of zinc prices may decline, with continuous attention on macro sentiment disturbances [1] 3. Summary by Relevant Catalogs 3.1 Lead Market 3.1.1 Price and Market Indicators - SMM1 lead ingot average price was 16,550 yuan/ton, down 0.30% [1] - Futures main contract closing price was 16,700 yuan/ton, unchanged [1] - Shanghai lead basis was - 150 yuan/ton, down 50 yuan/ton [1] - LME 0 - 3 lead premium was - 17.64 dollars/ton, down 2.43 dollars/ton [1] - Futures active contract trading volume was 44,962 lots, up 24.39% [1] - Futures active contract open interest was 36,929 lots, down 3.97% [1] - LME lead inventory was 256,700 tons, unchanged [1] - Shanghai lead warrant inventory was 39,981 tons, down 0.06% [1] - LME 3 - month lead futures closing price (electronic) was 1,923 dollars/ton, unchanged [1] - Shanghai - London lead price ratio was 8.68, unchanged [1] 3.1.2 Fundamental Analysis - Primary lead smelters have basically resumed production, with a significant increase in electrolytic lead production in March (about 23 percentage points month - on - month). Some Henan smelters entered maintenance in April, and primary lead production may decline month - on - month [1] - For secondary lead, waste lead - acid battery prices have risen continuously, and recyclers' supplies are limited. Some smelters have reduced or halted production due to cost - price inversion, and the operating rate has dropped significantly [1] - Demand is in the off - season, with weak downstream purchasing and limited support for lead prices [1] 3.2 Zinc Market 3.2.1 Price and Market Indicators - SMM1 zinc ingot average price was 22,700 yuan/ton, down 0.39% [1] - Futures main contract closing price was 22,210 yuan/ton, down 0.65% [1] - Shanghai zinc basis was 490 yuan/ton, up 55 yuan/ton [1] - LME 0 - 3 zinc premium was - 39.30 dollars/ton, down 2.21 dollars/ton [1] - Futures active contract trading volume was 155,956 lots, up 35.55% [1] - Futures active contract open interest was 116,701 lots, up 4.46% [1] - LME zinc inventory was 171,400 tons, unchanged [1] - Shanghai zinc warrant inventory was 2,053 tons, down 8.84% [1] - LME 3 - month zinc futures closing price (electronic) was 2,632.50 dollars/ton, unchanged [1] - Shanghai - London zinc price ratio was 8.44, down 0.65% [1] 3.2.2 Fundamental Analysis - Zinc smelters have sufficient raw material stocks, zinc concentrate processing fees are rising. The tight supply of zinc concentrate is improving, and the production restrictions on smelters are weakening. Smelter profits and production enthusiasm have improved, and production is increasing [1] - Demand: After the Spring Festival, downstream enterprises are gradually resuming work. Under the current high - premium environment, downstream purchases are mainly for rigid needs. Export orders to the US face difficulties, and the "rush to export" is not obvious [1]