在这样火热的市场行情下，近期一款名为"投资铜条"的产品频繁出现在电商平台和社交媒体上。这些名 为"财富铜条""投资铜条"的产品，印有"Cu99.9""纯铜""足铜"等标识，规格介于500克至15千克。 记者发现，这类"投资铜条"在外形上仿照投资金条、投资银条等实物，但缺乏统一的质量认证、回购机 制和标准化交易体系。多数商家仅提供销售渠道，且不承诺回购，价格上依赖商家自主定价且溢价明 显。 以线上畅销的1千克"投资铜条"为例，1月29日电商报价在160元/千克附近。对比当日国内SMM电解铜现 货均价104185元/吨，以及沪铜期货主力合约106690元/吨的结算价，此类产品售价存在较大幅度的溢 价。 在平台排名较为靠前的几家店铺中，这类产品的销量少则几百，多则上千。一些买家称，是出于新奇购 买。不过，也有一些评论提及"用来定投""黄金白银购置不起，只能买点铜的……又下单了10条，期望 能大幅上涨"等内容。 1月29日，国内外铜价大幅上涨6%，国内沪铜期货价格一度冲破11万元/吨关口，海外伦铜价格也一度 触及14000美元/吨。期货日报记者注意到，国内铜价在2025年涨幅达33%，进入2026年涨势更甚，截至 目 ...

"黄金和白银买不起了，只能买点铜的，希望能大涨。"近日，有消费者在网购铜条时表示。 在金价不断创新高下，价格较为低廉的白银一直被视为黄金投资的"平替"。然而，进入2026年，银价一 路高歌猛涨，截至1月26日，年内涨幅已超50%。 随着银价高涨，不少人开始寻找黄金"平替"的"平替"，"投资铜条"就此走红。 然而，一百多元就能买到一千克的铜条，真的靠谱吗？ 01 溢价超百元 商家称是工艺品 近日，有媒体报道称，国内最大的黄金珠宝集散地深圳水贝市场开始销售"投资铜条"，价格在每千克 180元—288元之间。尽管商场方面已明确通知禁止销售铜条，但一些柜台仍在私下销售铜条。 此外，尽管这些商品名称都标识为"投资铜条"，但多个商家向记者表示，自己销售的是"铜塑"或"工艺 品"。 然而，无论是线上还是线下，在回收这一关键环节上，情况并不明朗。有水贝商家告诉记者，水贝市场 只回收黄金、白银、铂金等贵金属，并无专门的铜条回收渠道。在电商平台上，商家的说法也存在分 歧。有商家表示"市场有回收"，但不清楚具体渠道；也有商家建议，可当作普通废品卖给废品回收站。 对此，有水贝商家向记者表示，情况属实，目前有柜台1千克的投资铜条价格为 ...

最近金银涨完又有人炒作铜条，说"下一个暴富机会是铜"，但帮主在铜条刚冒头时就说了——这就是纯 纯的炒作骗局！帮主说句实在的，做了20年财经记者，见过太多换汤不换药的炒作套路。深圳水贝那些 标价一两百的"投资铜条"，看着金灿灿诱人，实则全是坑。 前几天有粉丝跟我说，他花200块买了一公斤铜条，想变现时商家直言"只卖不收"，废品站只给80块， 这哪是投资？分明是花钱买"废铜"。你是不是也被"铜价创新高"的消息吸引？觉得能跟风赚一笔？评论 区聊聊你有没有差点入手。 这里给大家一个避坑技巧：正规投资品得有变现渠道，铜条既没有统一回收标准，银行和机构也不接， 买了就是"死资产"。而且一公斤铜条卖200块，原材料成本才100块，溢价翻一倍，得铜价暴涨才能回 本，根本不现实。 更坑的是，这些铜条的纯度还可能掺假，普通投资者根本没法分辨。你以为是投资，其实是被庄家割韭 菜。那看好铜的长期行情该咋参与？接着往下听，帮主给你说靠谱的办法。 总结下来，铜条投资就是"买得到、卖不出"的骗局。行动指令很简单：坚决不碰实物铜条，真看好铜行 情，就选有色金属ETF或紫金矿业这类龙头股，既安全又有流动性。我是帮主郑重，20年财经记者帮你 避 ...

1月21日，#水贝禁售铜条#冲上热搜。 近日，继金条、银条之后，又一金属品种在社交平台上"走红"——"投资铜条"。1月20日下 午，记者实地走访深圳水贝市场的多个交易中心发现，柜台上并未公开陈列"投资铜条"。 有商家向记者表示，商场方面已明确通知："禁止销售铜条，柜台有摆（放）的，立刻下 架！" 不过，也有商家表示，铜条是"这两天才刚开始卖"，如果有需求，"可以先付款，再由其他 人送货过来"；另一位商家则表示："目前铜条都是客户订的，没有多余的（现货），一公 斤起订，180元一条（1000克），要等工厂通知（几天能到货）。" 相关话题下，有网友评论称："买过来囤着，卖给谁啊？"还有人调侃称："赶紧再弄个投资 辣条"。 来源： 北京商报综合每日经济新闻、财联社、21世纪经济报道、橙柿互动、网友评论 更多财经视频，请关注视频号"新浪财经" 往期回顾 此前报道显示，就在这个月，金座、银座、特力等市场的不少商家试探性地推出了纯铜 999.9的投资铜条，规格有500克和1000克，不过以1000克居多，一根1000克的投资铜条 的报价从180元至280元。 据21世纪经济报道，有商家曾表示："自己买来玩玩可以，买来投资 ...

然而， 与黄金、白银成熟的回收体系不同，目前多数售卖投资铜条的商家明确表示只卖不收，也有商家表示可以代卖，个人投资者买入铜条后很可 能陷入"难变现"的困境。 在这场看似低门槛的投资热潮中，除了回收路径不明，铜价波动规律、交易合规性等潜在风险也逐渐显现。 据 中国之声 ，随着贵金属价格连创新高，此前一直不受关注的铜也成了"投资品"。不少珠宝集散地商家推出1000克规格的铜条产品，"投资铜条"在 市场迅速走热。 ...

Group 1 - The core viewpoint of the article highlights the introduction of investment copper bars in Shenzhen, with a purity of 999.9 and specifications primarily in 1000 grams, priced between 180 to 280 yuan for a 1000-gram bar [1] Group 2 - JPMorgan's global research department predicts a refined copper shortage of approximately 330,000 tons by 2026, with an average price nearing $12,075 per ton, potentially reaching around $12,500 per ton in the second quarter [2]

Group 1 - The core viewpoint is that European copper mining stocks are poised for their best annual performance since 2016, driven by rising U.S. copper futures prices and the potential for continued growth in 2026 [1] - Citigroup analysts favor Glencore Plc as their top stock pick for 2026, expecting a 15% increase in the stock price over the next 12 months due to the company's efforts to boost copper production [1] - Oddo BHF highlights Rio Tinto Group's attractive development roadmap in copper, particularly with the ramp-up of its Simandou project in Guinea, which is expected to enhance iron ore production [1] Group 2 - Oddo mining analyst Maxime Kogge maintains a bullish outlook on mining stocks for next year, emphasizing that a significant slowdown in the Asian economy could negatively impact market sentiment [2] - Citic Construction's report indicates that gold and silver performed strongly last week, while other risk assets were weaker, with precious metals expected to dominate the market in 2025 [2] - The report outlines three phases for precious metals in 2025, influenced by factors such as tariffs and Federal Reserve policies, suggesting that copper will be the next major commodity to watch after gold and silver [2] Group 3 - Key copper mining stocks in the Hong Kong market include Luoyang Molybdenum (03993), Zijin Mining (02899), Minmetals Resources (01208), Jiangxi Copper (00358), China Nonferrous Mining (01258), and China Metallurgical Group (01618) [3] - Key players in the copper-clad board sector include Kingboard Laminates (01888) and Kingboard Chemical Holdings (00148) [3]

Investment Rating - The report maintains an "Accumulate" rating for the company [4][6]. Core Views - The company is expected to achieve a record high net profit attributable to shareholders of approximately 232 billion yuan for the first half of 2025, representing a year-on-year increase of about 54% [1]. - The second quarter of 2025 is projected to yield a net profit of around 130 billion yuan, a quarter-on-quarter increase of approximately 27% from 102 billion yuan in the first quarter [1]. - The company plans to spin off its overseas gold assets for a listing on the Hong Kong Stock Exchange, which includes eight world-class gold mines located in South America, Central Asia, Africa, and Oceania [2]. - The company is also set to acquire the RG gold mine in Kazakhstan for a consideration of 1.2 billion USD, which is expected to enhance its gold production capacity significantly [3]. Performance Summary - The average spot price of London gold in the first half of 2025 is expected to be 3,090 USD/ounce, a year-on-year increase of 39.5%, while the average LME copper price is projected at 9,445.5 USD/ton, a year-on-year increase of 2.5% [2]. - The company’s copper production for the first half of 2025 is estimated at 570,000 tons, a year-on-year increase of 10%, and gold production is expected to reach 41 tons, a year-on-year increase of 17% [2]. - The lithium carbonate equivalent production is forecasted to increase by 2,961% year-on-year to 7,315 tons [2]. Financial Forecasts and Valuation - The company’s net profit forecasts for 2025, 2026, and 2027 are adjusted to 470.6 billion yuan, 546.5 billion yuan, and 622.1 billion yuan respectively, reflecting year-on-year growth rates of 47%, 16%, and 14% [4]. - The current stock price corresponds to a price-to-earnings (P/E) ratio of 11, 9, and 8 for the years 2025, 2026, and 2027 respectively [4]. - The report anticipates a continued upward trend in gold and copper prices due to factors such as central bank purchases and supply-demand dynamics in the copper industry [3].

Economic Indicators - In June 2025, the CPI increased by 0.1% year-on-year, marking a shift from a four-month decline, primarily due to a recovery in industrial consumer goods prices[9] - The core CPI rose by 0.7% year-on-year, the highest increase in nearly 14 months, reflecting a 0.1 percentage point expansion from the previous month[9] - The PPI decreased by 0.4% month-on-month, with some industry prices stabilizing, influenced by seasonal declines in raw material manufacturing[12] Market Trends - The major domestic indices showed mixed performance, with the Shenzhen Component Index rising by 1.8% and the ChiNext Index increasing by 2.4% over the past week[20] - The trading volume in the two markets is projected to reach 5,000 billion yuan by March 2025, indicating a steady increase in market activity[27] Commodity Insights - Gold prices are expected to rise due to geopolitical tensions and anticipated continued interest rate cuts by the Federal Reserve, which may enhance inflation expectations[17] - Copper prices are supported by strong demand growth exceeding 10% in the first half of the year, with supply growth expected to decline to below 1% for the year[19]

Core Viewpoint - A Chinese billionaire, Bian Ximing, has made a significant bullish bet on copper, accumulating nearly $1 billion (approximately 7.2 billion RMB) in a market characterized by trade tensions and economic uncertainties [1][2]. Group 1: Investment Position - Bian Ximing has become the largest copper bull in China, holding nearly 90,000 tons of copper futures, which is a remarkable position compared to his peers [2]. - His previous success in gold trading, where he earned approximately $1.5 billion, has bolstered his confidence in the copper market despite geopolitical tensions [2][3]. Group 2: Market Dynamics - Recent signals indicate tightening fundamentals in the copper market, with LME inventories rapidly declining and spot prices rising, suggesting increased supply pressure [1][4]. - The Shanghai copper market has also seen a reduction in inventories, contributing to rising copper prices, which reached 78,800 RMB per ton [4]. Group 3: Economic Outlook - Concerns about economic cooling and rising risks associated with U.S. Treasury sell-offs are present, with expectations of a potential price correction in copper due to seasonal demand declines [1][6]. - Global economic data shows varying degrees of downward trends, putting pressure on demand forecasts for copper [6].