中国铂族金属回收量回收供应大幅提升 中国铂族金属储量不高，但需求旺盛，近年来，国内越来越多装载催化剂的车辆、电子废弃产品进入回收网 络，促进了铂族金属的回收，据中国物资再生协会数据，近十年来中国铂族金属回收量呈上升趋势，在以旧 换新的政策推动下，初步统计2024年铂族金属回收量可达到30吨。 行业主要上市公司：凯立新材(688269.SH)、凯大催化(830974.BJ)、苏州固锝(002079.SZ)、贵研铂业 (600459.SH)、福达合金(603045.SH)、聚和材料(688503.SH)、有研新材(600206.SH)等 黄金产量恢复增长态势，再生银产量逐年增长 我国是全球主要产银国，据世界白银协会统计，近年来中国矿产银规模波动小幅下降，2024年中国矿产银 3300吨，较上年下降约一百吨;而再生银产量规模近年来呈不断上涨趋势，从2017年的709吨升至2023年的 1221吨，按历史增速和市场行情，初步核算2024年我国再生银产量近1400吨。 进出口产品结构侧重不同 从出口产品结构来看，未锻造、半制成或粉末状金(包括镀铂的金)(海关统计代码：7108)为出口主要产品， 2025年1-2月出口额 ...

Core Insights - Comstock Inc. reported significant growth in its metals recycling and renewable fuels sectors, with a focus on sustainable practices and strategic partnerships [1][10][30] Metals Recycling - Comstock Metals achieved billings of $1.34 million in Q1 2025, a substantial increase from $0.2 million in Q4 2024, with $0.6 million deferred [6] - The company has processed over 4 million pounds of end-of-life solar materials and operates under the R2v3/RIOS Responsible Recycling Standard, ensuring a zero-landfill solution [4][6] - Plans are in place to expand operations with three industry-scale recycling facilities, initially targeting 50,000 tons of annual capacity, with potential to double that [21][24] Renewable Fuels - Comstock Fuels aims to produce 200 million barrels (approximately 8 billion gallons) of biofuel annually by 2035, utilizing waste and energy crops [8] - The company has secured a $152 million allocation of Qualified Private Activity Bonds and closed a strategic Series A investment from Marathon Petroleum Corp. [7] - Comstock Fuels is developing a commercial demonstration facility and pursuing joint development agreements, which could generate significant future revenues [25][26] Mining Operations - Comstock Mining is positioned to capitalize on rising silver demand and has plans to monetize legacy real estate and non-strategic investments for over $50 million [10][22] - The company has developed actionable plans to expand and upgrade its mineral resources, particularly in the Dayton area, in response to higher gold prices [14][29] - A focus on integrating renewable fuels with mining operations is expected to enhance overall growth and operational efficiency [27][30] Corporate Strategy - The company plans to separate its Fuels and Metals divisions to better unlock value and enhance growth potential in both sectors [12][20] - Comstock aims to maximize production and revenue from its demonstration facility while securing funding for scaling operations [24][23] - The corporate objectives for 2025 include advancing R&D efforts to improve material recovery and securing additional financing for growth initiatives [24][26]