新华财经杭州12月19日电（记者王小璐）18日，中国铁矿石现货交易平台第十一届会员大会在杭州召 开。在全球经济格局深度调整、产业链供应链韧性备受考验的当下，如何保障铁矿石资源安全、构建更 加公平透明的定价体系，成为关乎中国钢铁行业高质量发展的关键议题。在此背景下，大会汇聚了行业 协会、企业、交易平台及产业链各方代表，共同探讨应对之道。 中国钢铁工业协会副会长骆铁军表示，在铁矿石等原料采购上，产业链上下游合理的利润分配至关重 要。2010年前后，在国际矿山企业推动下，指数定价成为定价的主流。但由于各种指数定价存在差异， 方法论和采样数据一直存在问题，钢铁行业一直呼吁优化铁矿石定价机制，推出更符合实际的铁矿石价 格指数。 在此背景下，9月28日，基于港口人民币现货交易的真实数据，北京铁矿石交易中心（简称"北铁中 心"）推出了铁矿石港口现货价格指数（简称"北铁指数"），为反映铁矿石供求关系和实际成交价格， 推动建立高起点、高质量、高标准的价格参考基准迈出重要一步。 骆铁军表示，未来北铁指数应继续完善并加强推广应用，产业链各方需继续协同发力，扩大交易覆盖广 度、建立数据共享机制，推动新增交易数据上平台，汇集形成多品位 ...

Core Viewpoint - The construction of a beautiful China is a crucial goal for the comprehensive modernization of the socialist nation, emphasizing the harmonious coexistence of humans and nature [1] Group 1: Regional Economic Layout and Land Space System - The natural resources department aims to optimize the land space development pattern by balancing population, resources, and environmental factors [2] - Policies will be refined to enhance the implementation of the main functional area strategy, promoting differentiated development based on local advantages [2][3] - The department will maintain stability in urbanization areas, agricultural production zones, and key ecological function areas while optimizing specific functional areas [2] Group 2: Land Space Planning and Protection - The focus will be on dynamic assessment and optimization of land space planning, integrating major projects into a unified management system [3] - Strict adherence to the three control lines: farmland protection, ecological protection red lines, and urban development boundaries will be enforced [3] - The goal is to ensure the preservation of 1.865 billion acres of arable land and 1.546 billion acres of permanent basic farmland [3] Group 3: Resource Allocation and Support - The department will enhance the quality and efficiency of natural resource allocation, promoting comprehensive land supply and redevelopment of inefficient land [4] - Provincial governments will be granted greater autonomy in land use management, with a focus on integrated approval processes for various land uses [4] Group 4: Marine Economy and Ecological Protection - The "14th Five-Year" plan emphasizes strengthening marine development and protection, with a focus on high-quality marine economic growth [5] - The department will promote innovation in marine technology and establish platforms for marine research and development [6] - Collaborative efforts will be made to balance marine resource utilization with ecological protection, including the development of marine ecosystems [6] Group 5: Resource Security and National Safety - The natural resources sector is integral to national security, focusing on food, energy, and supply chain security [7] - Emphasis will be placed on protecting farmland and enhancing the quality of agricultural land through strategic planning [7] - The department will implement a new round of mineral exploration strategies to ensure resource security [7] Group 6: Geographic Information and Disaster Management - A new national spatial reference system will be established to support digital China initiatives and enhance disaster monitoring and response capabilities [8] - The department will focus on geological disaster prevention and response, particularly in high-risk areas [8] Group 7: Ecological Protection and Restoration - The department will prioritize the establishment of a natural protection area system, focusing on national parks and ecological restoration [9] - Efforts will be made to enhance the quality of forests and grasslands through large-scale greening initiatives [10] - The development of a market mechanism for ecological compensation and resource rights will be explored to promote sustainable resource management [10]

Core Viewpoint - The construction of a beautiful China is a crucial goal for the comprehensive modernization of the socialist nation, emphasizing the harmonious coexistence of humans and nature [1] Group 1: Regional Economic Layout and Land Space System - The natural resources department aims to optimize the land space development pattern by balancing population, resources, and environment, while promoting economic and ecological benefits [2] - The strategy includes enhancing policy mechanisms, implementing functional area strategies, and stabilizing the overall layout of urbanization, agricultural production areas, and key ecological function areas [2][3] Group 2: Land Space Planning and Protection - The focus is on dynamic assessment and optimization of land space planning, integrating major projects into a unified natural resource management framework [3] - Strict adherence to the protection of arable land, permanent basic farmland, ecological protection red lines, and urban development boundaries is emphasized [3] Group 3: Resource Allocation and Efficiency - The department will enhance the quality and efficiency of natural resource allocation, promoting comprehensive land supply and re-development of low-efficiency land [4] - Provincial governments will be granted greater autonomy in land use management, with a focus on integrated approval processes for various land uses [4] Group 4: Marine Economy and Ecological Protection - The "14th Five-Year" plan emphasizes strengthening marine development and protection, with a focus on high-quality marine economic growth and innovation-driven development [5][6] - The strategy includes promoting marine industries, enhancing marine technology, and ensuring sustainable use of marine resources while protecting marine ecosystems [5][6] Group 5: Resource Security and National Safety - The natural resources department will focus on ensuring food security and energy resource stability, implementing strict land protection measures [7] - Strategic mineral resource exploration and development will be prioritized to maintain self-sufficiency in energy resources [7] Group 6: Geographic Information and Disaster Management - The establishment of a new national spatial reference system aims to enhance geographic information data security and applications, supporting disaster monitoring and prevention [8] - Efforts will be made to improve geological disaster monitoring and response capabilities, ensuring public safety [8] Group 7: Ecological System Optimization - The department will promote a natural protection system centered on national parks, enhancing ecosystem diversity and stability [9][10] - Key ecological restoration projects will be prioritized, focusing on desertification control and historical mine site rehabilitation [10]

Core Viewpoint - The construction of a beautiful China is a crucial goal for the comprehensive modernization of the socialist nation, emphasizing the harmonious coexistence of humans and nature [1] Group 1: Regional Economic Layout and Land Space System - The natural resources department aims to optimize the land space development pattern by balancing population, resources, and environment, while promoting economic and ecological benefits [2] - The strategy includes enhancing policy mechanisms, implementing functional area strategies, and stabilizing the overall layout of urbanization, agricultural production areas, and ecological function zones [2][3] Group 2: Land Space Planning and Management - The department will improve the land space planning system by integrating various special planning projects into a unified natural resource management framework [3] - Strict adherence to the protection of arable land, permanent basic farmland, ecological protection red lines, and urban development boundaries is emphasized [3] Group 3: Resource Allocation and Quality Assurance - The focus is on optimizing resource allocation to enhance the quality and efficiency of natural resource support for economic development [4] - Measures include promoting the redevelopment of low-efficiency land and granting provincial governments greater autonomy in land use management [4] Group 4: Marine Economy and Ecological Protection - The department plans to strengthen marine development and ecological protection, promoting high-quality marine economic growth through policy support and social capital involvement [5][6] - Initiatives include advancing marine strategic emerging industries and enhancing marine resource utilization while ensuring ecological sustainability [5][6] Group 5: Resource Security and National Safety - The natural resources sector is crucial for national security, focusing on food and energy resource security, and the safety of key supply chains and infrastructure [7] - Strategies include strict enforcement of farmland protection and enhancing the exploration and development of strategic mineral resources [7] Group 6: Geographic Information and Disaster Management - The establishment of a new national spatial reference system aims to support digital China construction and enhance disaster monitoring and early warning capabilities [8] - Efforts will be made to improve geological disaster prevention and response mechanisms [8] Group 7: Ecological System Optimization - The department will promote the establishment of a natural protection area system centered on national parks, enhancing ecosystem diversity and stability [9][10] - Key projects will focus on ecological restoration and the management of historical mining sites [10] Group 8: Ecological Product Value Realization - The strategy includes developing a market-oriented mechanism for resource rights trading and diversifying ecological compensation systems [10] - Emphasis is placed on enhancing the value of ecological products and promoting sustainable forest and grassland industries [10]

Core Viewpoint - The development of the Simandou iron ore project in Guinea, a collaboration between China Aluminum Corporation and Rio Tinto, is set to significantly impact the global iron ore market and enhance Guinea's economic position, while also challenging the dominance of Australian and Brazilian suppliers [1][5][6]. Group 1: Project Overview - The Simandou iron ore project has a total reserve of 5 billion tons, making it one of the largest undeveloped high-quality iron ore resources globally [1]. - The project includes a 600-kilometer railway and deep-water port, with an estimated investment of $13.3 billion to $21 billion, half of which is funded by Chinese investments [2][5]. - The first shipment of iron ore, totaling 150,000 tons, is expected to begin in October, with sea transport starting in November [2]. Group 2: Economic Impact - The International Monetary Fund predicts that the Simandou project will boost Guinea's GDP by 26% by 2030, positioning it as a key player in the global iron ore market [5]. - China is expected to receive approximately 27 million tons from the projected annual output of 60 million tons from the Simandou project [5]. Group 3: Market Dynamics - The commencement of the Simandou project may lead to downward pressure on iron ore prices, particularly affecting Australian and Brazilian suppliers [6][8]. - The project is anticipated to reduce Australia's share of iron ore exports to China from 60% in 2024 to 45% in 2025, diminishing its bargaining power in the iron ore sector [8]. - The shift towards the Simandou project and the use of RMB for transactions may disrupt the existing pricing dominance held by Australian suppliers [10].

Core Viewpoint - The Ministry of Industry and Information Technology, along with seven other departments, has issued a work plan for the non-ferrous metals industry, aiming for an average annual growth of around 5% in added value from 2025 to 2026 [1][2]. Group 1: Industry Growth and Economic Performance - The non-ferrous metals industry is positioned for high-quality development, with a focus on systematic solutions to existing problems [2]. - In the first half of this year, the production of ten non-ferrous metals reached 40.32 million tons, a year-on-year increase of 2.9% [2]. - The industry achieved an operating revenue of 4.8 trillion yuan and a profit of 217.85 billion yuan, reflecting year-on-year growth of 14.9% and 15.0%, respectively [2]. Group 2: Challenges Facing the Industry - The non-ferrous metals industry is currently facing deep-seated structural issues, including significant resource security pressures and high external procurement rates for certain strategic minerals [3]. - There is a lack of independent innovation capabilities, which affects the stable supply of high-end products [3]. - The international trade environment is complex, posing additional challenges [3]. Group 3: Strategic Measures Proposed in the Work Plan - The work plan emphasizes enhancing domestic exploration of strategic minerals and the utilization of recycled metals to improve resource self-sufficiency [5]. - It calls for breakthroughs in high-end material technology and acceleration of product application verification and iteration [5]. - The plan advocates for scientific capacity regulation to avoid low-level redundant construction and promotes green transformation and digitalization [5]. - It encourages the expansion of applications for bulk metals like aluminum and copper, as well as the cultivation of new consumption scenarios for rare metals [5]. - The work plan supports enterprises in addressing trade barriers and promotes the export of high-end products and technology standards [5]. Group 4: Overall Industry Development Quality - The industry aims to address resource constraints, insufficient innovation, and supply-demand imbalances through various measures to enhance development quality [6].

Group 1: Project Progress and Challenges - The construction of the waste battery recycling equipment manufacturing demonstration base is progressing slowly due to significant fluctuations in the prices of lithium carbonate and other battery raw materials [2] - The construction of the construction waste recycling equipment production base is also delayed, primarily due to the ongoing pressure in the real estate sector, leading to a decline in related investment and infrastructure growth [3] Group 2: Financial Performance - In Q1 2025, the company reported total revenue of 170,586,488.38 CNY and a net profit of 23,753,136.15 CNY, reflecting a significant decline compared to the previous period [3] - The decline in revenue and net profit is attributed to delays in project schedules and production line completion [3] Group 3: Market Outlook and Strategy - The mining equipment industry is currently facing intense competition, with weaker companies likely to be eliminated, while those with strong product quality and financial stability will find new opportunities [4] - The company remains focused on technological innovation and service enhancement to maintain a robust operational stance during industry adjustments [4] - Long-term prospects for the mining equipment industry are positive, driven by global mining transformation and domestic resource security needs [4]

Core Insights - Ruthenium, a rare platinum group metal, has a unique industrial value and is significantly rarer than gold and platinum, with an abundance of only 5×10⁻⁹ in the earth's crust, leading to a current international recovery price exceeding $800 per ounce, reflecting a growth of over 300% in the last decade [1][5] Physical and Chemical Properties - Ruthenium exhibits three notable advantages: a super high melting point of 2334℃, which is 566℃ higher than platinum and 2.2 times that of gold, making it ideal for extreme applications like aerospace components and nuclear reactor control rods [3] - It shows superior stability against strong corrosive media at room temperature compared to platinum, making it irreplaceable in organic synthesis catalysts [3] Market Vulnerability - The global annual production of ruthenium is only about 12 tons, which is 0.03% of gold production, and it heavily relies on a few countries like South Africa and Russia for mining [5] - The recovery rate of ruthenium is less than 30%, leading to a high price volatility with an annualized volatility of 28% over the past five years, highlighted by a 65% price surge within three months due to supply chain disruptions from the Russia-Ukraine conflict in 2022 [5] Circular Economy Perspective - From a circular economy viewpoint, recovering 1 kilogram of ruthenium can reduce 3.2 tons of electronic waste landfill and avoid emissions equivalent to 15 tons of CO2 [7] - The cost of recycled ruthenium is 40%-60% lower than that of primary mined products, and the application costs in emerging industries like G chips can decrease by 25%-35% [7] - Advanced separation technologies can enhance the recovery purity of ruthenium from electronic waste to 99.99%, providing critical material support for the semiconductor industry [7] Strategic Importance - Ruthenium's recovery and utilization have transcended mere commercial interests to become a matter of resource security, with the EU's Critical Raw Materials Act listing it as one of 20 strategic metals, aiming for 50% self-supply by 2030 [7] - China's 14th Five-Year Plan for Circular Economy Development also emphasizes establishing a recycling system for platinum group metals [7] - The demand for ruthenium-based catalysts in proton exchange membrane fuel cells is expected to grow at an annual rate of 15%, underscoring the urgency of developing a closed-loop recovery system [7]