新能源及有色金属日报 | 2025-10-14 美联储官员再发鸽派言论 铜价震荡走强 市场要闻与重要数据 期货行情： 矿端方面，外电10月10日消息，安托法加斯塔集团（Antofagasta）已启动其铜矿增长战略的关键阶段 —— 在该国 北部Centinela铜矿的Encuentro硫化矿采矿坑进行了首次爆破作业。此次爆破标志着初期剥离作业的正式开始，该 作业将为Centinela铜矿的第二选矿厂供应更高品位的硫化矿矿石。依托此次扩建，公司计划在中期内将铜矿产量提 升30%，充分挖掘Centinela铜矿26亿吨矿石储量的价值。Encuentro硫化矿项目于2025年7月获批，预计投资10亿美 元，其剥离阶段预计将于2028年完成。此外，外电10月12日消息，智利Codelco旗下El Teniente矿在7月底发生致命 岩石崩塌事故后，尽管已恢复部分运营，但产量可能在未来数月仍远低于满负荷水平，预计影响将持续至2026年。 知情人士透露，该矿区当时刚开始投入生产的新区域计划在未来几年逐步增加产量，事故导致该区域无法使用， 从而严重影响Codelco整体生产恢复。生产损失预计今年将达到4.8万吨，高于此前预测 ...

Group 1 - The industrial metals sector is facing disruptions at the mining level and structural adjustments in the smelting sector, with the Grasberg copper mine in Indonesia halting production due to a landslide, leading Freeport to lower its 2026 copper production forecast from 770,000 tons to 500,000 tons, raising supply chain concerns [1] - The domestic copper smelting industry is experiencing intense competition, resulting in persistently low processing fees, prompting the association to emphasize the need for strict control over capacity expansion, with the government researching regulatory measures [1] - The steel industry is focused on "stabilizing growth and preventing internal competition," with a clear plan to achieve an average annual value-added growth target of 4% from 2025 to 2026, prohibiting new capacity and promoting resource concentration among leading enterprises [1] Group 2 - The Democratic Republic of the Congo has extended its cobalt export ban until October 15, with a remaining export quota of 18,125 tons for the rest of 2025 and an annual limit of 96,600 tons set for 2026-2027, as the country accounts for 70% of global cobalt production, tightening supply expectations [1] - Investors without stock accounts may consider various ETFs related to non-ferrous metals, including the Guotai Zhongzheng Non-Ferrous Metals Mining Theme ETF [1]