罗平锌电（002114）(002114.SZ)公告，公司全资子公司普定县德荣矿业有限公司金坡铅锌矿复产。 2025年11月15日，普定县应急管理局出具了《关于同意普定县德荣矿业有限公司金坡铅锌矿恢复生产的 批复》。通知称：金坡铅锌矿复产申请已收悉，经查，该矿山已办理安全生产许可证延期，制定复工复 产工作方案，落实各项安全措施，达到恢复生产条件。 ...

Core Viewpoint - The Wa State is pushing for the resumption of operations at the Manxiang mine, with a full return to normal mining expected to take at least two months [1] Group 1: Licensing and Cost Implications - The recent document on the licensing process for mining, processing plants, and exploration in the Manxiang area has significantly increased the fee standards compared to the previous document issued in December 2023 [1] - The increased costs will have a limited impact on high-altitude mines, but will raise cost pressures for low-altitude mines and small to medium-sized processing plants, potentially making it difficult for financially weaker plants to restart operations [1] - Larger companies with strong financial backing are expected to have a competitive advantage in this new cost environment [1] Group 2: Market Outlook and Supply Dynamics - After a 20-month mining ban, the market is closely monitoring the Wa State's return to operations, with a full recovery expected to take around two months [1] - The resumption of operations in Wa State, alongside the gradual recovery of the Bisie mine in eastern Congo by Alphamin, is anticipated to alleviate supply pressures in the coming months [1]