Group 1 - The company holds a 6.7813% stake in Xianghualing Tin Industry through its wholly-owned subsidiary Hunan Dazhong He Lithium Mining Co., Ltd [2] - The company has appointed one director to represent its interests in Xianghualing Tin Industry [2] - The mineral rights held by Xianghualing Tin Industry have potential for lithium exploration, and the company will consider acquiring additional shares based on market conditions and transaction terms [2]

2025年半年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 每股分配比例 A股每股现金红利0.22元（含税） 根据公司2025年5月19日的2024年年度股东会授权，本次利润分配方案经公司2025年8月26日的第八届董 事会第十二次会议审议通过。有关股东会决议公告及半年度利润分配方案分别于2025年5月20日、2025 年8月27日刊登在《上海证券报》、上海证券交易所网站和本公司网站。 证券代码：601899 证券简称：紫金矿业编号：临2025-077 紫金矿业集团股份有限公司 二、分配方案 1.发放年度：2025年半年度 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司A股股东。 根据《公司法》《上海证券交易所上市公司自律监管指引第7号一回购股份》等有关规定，公司2020年 限制性股票激励计划中待回购注销的30,600股不享有利润分配权利。 3.差异化分红送转方案： （1）本次差异化分 ...

Group 1 - The core point of the announcement is that Zijin Mining has declared a cash dividend of 0.22 yuan per share (tax included) for the first half of 2025 [1] - The record date for the dividend is set for September 29, 2025, and the ex-dividend date is September 30, 2025 [1]

第1笔成交价格为25.82元，成交280.00万股，成交金额7,229.60万元，溢价率为0.00%，买方营业部为国 泰海通证券股份有限公司总部，卖方营业部为中信证券股份有限公司上海分公司。 进一步统计，近3个月内该股累计发生51笔大宗交易，合计成交金额为14.83亿元。该股近5个交易日累 计上涨1.97%，主力资金合计净流出10.81亿元。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月23日，紫金矿业收涨1.77%，收盘价为25.82元，发生1笔大宗交易，合计成交量280万股，成交金额 7229.6万元。 责任编辑：小浪快报 ...

以下为2020年3月以来中国铜矿砂主要进口来源国供应情况： 数据来源：海关总署 据海关总署在线查询平台数据显示，中国8月铜矿砂及其精矿进口量为276万吨，环比上升7.78%，同比 增加7.45%。其中最大供应国智利输送量大增近三成至95.87万吨，秘鲁输送量微落，蒙古、墨西哥、俄 罗斯等主要供应国输送也有不同程度的增加。目前国内铜精矿现货加工费低位徘徊，难有明显回升，矿 紧局面仍在延续。 ...

数据来源：海关总署 海关总署在线查询数据显示，中国8月锌矿砂及其精矿进口量为467301吨，环比减少6.51%，同比增长 30.87%。其中秘鲁输送量仍在增加，环比增加16.46%至10万吨之上，取代输送量下降的澳大利亚成为 最大供应国。由于8月份进口锌矿窗口关闭，零单流入机会有限，锌矿进口量高位回落，不过前期订购 的进口锌矿不断到港且冶炼厂对进口锌矿需求较强，8月锌矿进口量仍然高企。 ...

Industry Investment Ratings The report does not provide industry investment ratings. Core Views - The 7 - 8 months in Q3 show a complex macro - economic situation with economic slowdown pressure and policy counter - cyclical adjustment. The stock market is strong, and the commodity market is volatile. Overseas, the Fed's "preventive降息周期" has started, and future policies depend on employment and inflation [2]. - For the RMB exchange rate, it fluctuates around 7.10. The Fed faces challenges in formulating policies, and the RMB may not have a trend appreciation in the short term [3][4]. - The stock index is expected to continue to fluctuate in the short term due to a lack of super - expected information and approaching holidays [6]. - The bond market is expected to be volatile, and it is advisable to hold some long positions and take partial profits [7]. - The shipping index futures are expected to be volatile, and the 12 - contract can be considered for low - buying opportunities [9]. - In the non - ferrous metals market, copper is expected to be stable, aluminum is expected to be volatile and strong, zinc is expected to be weak after a rebound, nickel and stainless steel have limited downside space, tin is expected to be volatile, and lithium carbonate is expected to be volatile before the holiday [10][11][14][15][17][18]. - In the black metals market, steel prices are expected to be volatile with limited upside and downside, iron ore is expected to be volatile, and coal and coke are not recommended as short - positions in the black series [26][29][32]. - In the energy and chemical market, crude oil is expected to be weak in the medium - term, LPG short - positions can be gradually closed, PX - TA can be considered for cautious long - positions, MEG should be observed in the short term, methanol should hold short - put options, PP can be considered for long - positions at low prices, PE is expected to be volatile, pure benzene and styrene are expected to be affected by pre - holiday stocking, fuel oil follows the cost down, and asphalt is expected to be volatile and weak [36][39][45][47][50][53][54][56][57][61]. - In other markets, urea is expected to be volatile between 1650 - 1850, soda ash has a strong supply and weak demand pattern, glass lacks a clear trend, caustic soda's price is affected by various factors, and pulp is expected to be volatile [64][65][67]. Summary by Directory Financial Futures - **Macro**: Policy is the key variable. The economy shows a slowdown pressure, and policy counter - cyclical adjustment is in place. Overseas, the Fed's "preventive降息周期" has started [1][2]. - **RMB Exchange Rate**: It fluctuates around 7.10. The Fed's policy challenges affect the market, and the RMB may not appreciate in the short term [3][4]. - **Stock Index**: It is expected to be volatile due to a lack of information and approaching holidays [6]. - **Bond Market**: It is expected to be volatile, and long - positions can be partially held and profited [7]. - **Shipping Index Futures**: It is expected to be volatile, and the 12 - contract can be considered for low - buying [9]. Non - Ferrous Metals - **Copper**: It is expected to be stable and may fluctuate strongly around 80,000 yuan per ton due to supply and demand [10]. - **Aluminum Industry Chain**: Aluminum is expected to be volatile and strong after a short - term correction. Alumina is expected to be weak, and cast aluminum alloy is expected to be volatile at a high level [11][12]. - **Zinc**: It is expected to be weak after a rebound, with a supply surplus and general demand [13][14]. - **Nickel and Stainless Steel**: They have limited downside space due to concerns about the Indonesian nickel ore sanctions [15][16]. - **Tin**: It is expected to be volatile due to supply and demand [17]. - **Lithium Carbonate**: It is expected to be volatile between 72,000 - 76,000 yuan per ton before the holiday [18][19]. Black Metals - **Steel**: Steel prices are expected to be volatile with limited upside and downside due to supply, demand, and macro - policies [26]. - **Iron Ore**: It is expected to be volatile, and the market may return to fundamentals after the policy is not as expected [29]. - **Coking Coal and Coke**: They are not recommended as short - positions in the black series, and the market is affected by downstream replenishment and policies [32]. - **Silicon Iron and Manganese**: They can be considered for long - positions at low prices, with cost support and anti - involution expectations [33][34]. Energy and Chemicals - **Crude Oil**: It is expected to be weak in the medium - term due to supply and demand imbalances, although geopolitical risks provide some support [36][37]. - **LPG**: Short - positions can be gradually closed as the supply is controllable and the demand changes little [39]. - **PX - TA**: They can be considered for cautious long - positions, with supply and demand and processing fee issues [40][42]. - **MEG - Bottle Chip**: It should be observed in the short term, with limited supply elasticity and expected to be volatile [43][45]. - **Methanol**: Hold short - put options as the port contradiction is difficult to solve [47]. - **PP**: It can be considered for long - positions at low prices as the profit is compressed and the device operation needs attention [50]. - **PE**: It is expected to be volatile due to weak supply and demand and low valuation [53]. - **Pure Benzene and Styrene**: They are affected by pre - holiday stocking, and the market is expected to be volatile [54][56]. - **Fuel Oil**: It follows the cost down, and it is advisable to observe in the short term [57]. - **Low - Sulfur Fuel Oil**: Its cracking is weak, and the market is currently soft [59]. - **Asphalt**: It is expected to be volatile and weak, with supply growth and demand affected by weather [61]. Others - **Urea**: It is expected to be volatile between 1650 - 1850, with supply and demand and export factors [64]. - **Soda Ash**: It has a strong supply and weak demand pattern, and the market is affected by new production and exports [64]. - **Glass**: It lacks a clear trend due to high inventory and weak demand [65]. - **Caustic Soda**: Its price is affected by spot rhythm, demand, and macro - expectations [67]. - **Pulp**: It is expected to be volatile, with high inventory and limited upward drive [67].

Core Viewpoint - The recent tailings dam collapse incident at China Nonferrous Mining's subsidiary in Zambia has drawn media attention, but the company asserts that the impact on its annual production is limited due to the small scale of the project and ongoing production suspension [1][6]. Group 1: Incident Details - On February 18, a tailings dam at the Zambia-based subsidiary collapsed due to theft of a waterproof membrane and heavy rainfall, leading to some tailings leakage [3]. - The company has complied with government directives for repair and compensation, and is working closely with the Zambian government on environmental assessments and remediation [3][4]. - A petition was filed by over a hundred local residents demanding $80 billion for environmental restoration, which the company claims lacks basis [3][4]. Group 2: Production Impact - The affected subsidiary has been suspended since the incident, with production of cathode copper dropping by 73.3% to 755 tons in the first half of 2025, and production of crude copper and anode copper down by 42.4% to 1,540 tons [5]. - The overall impact on China Nonferrous Mining's annual production is considered limited due to the small output of the affected project [6]. Group 3: Government Response - The Zambian government has stated that the situation has returned to normal, with no significant health issues reported related to the pollution incident [4]. - Laboratory tests indicate that water quality has improved, with pH levels normalizing and heavy metal concentrations decreasing [4]. Group 4: Risk Management - The company had established risk management protocols prior to the incident, including environmental management systems and emergency response plans [7]. - Experts suggest that the company’s approach reflects a need for improved preemptive risk management rather than reactive measures after incidents occur [8]. Group 5: Industry Context - The challenges faced by Chinese mining companies overseas, including theft and accidents, are not uncommon, highlighting the need for enhanced ESG governance and risk awareness [9].

消息面上，银河证券指出，公司坐拥全球稀缺的优质铜钴矿山资产，资源储量与开发前景优异。刚果 （金）TFM+KFM两大核心矿区合计铜资源量3,444万吨+钴资源量540万吨。此外，公司践行多元化布 局，巴西铌磷矿区、中国钼钨资产等形成抗周期资源组合；厄瓜多尔凯歌豪斯金矿（黄金资源量638 吨）的收购继续拓展公司资源版图，预计2029年前投产，年产金11.5吨，将成为新的盈利增长极。 摩根士丹利就洛阳钼业发布研报称，相信洛阳钼业未来30日内股价将绝对上涨。该行指，刚果将钴出口 禁令延至10月15日，后续实施配额，2026-2027年配额为正常产量40%。若洛阳钼业获同比例配额， 2025年第四季潜在销量约8600吨，2026-2027年约4.36万吨。因刚果占全球钴供应70%，预计钴供应将受 重大影响。该行维持洛阳钼业买入评级，目标价11.7港元。 （原标题：港股异动 | 洛阳钼业(03993)涨超3% 公司坐拥优质铜钴矿山资产 大摩相信未来30日内股价上 涨） 智通财经APP获悉，洛阳钼业(03993)涨超3% ，截至发稿，涨2.88%，报12.85港元，成交额5.74亿港 元。 ...

该行指，刚果民主共和国宣布将钴出口禁令延长至10月15日，随后将实施出口配额，2026至2027年配额 将为正常产量的40%。大摩表示，假设洛阳钼业能获得与国家层面相似的配额比例，其潜在销售量可能 在2025年第四季为约8,600吨，在2026至2027年为约4.36万吨，预期钴供应将受到重大影响，因为刚果民 主共和国占全球供应的70%。 智通财经APP获悉，摩根士丹利发布研报称，相信洛阳钼业(03993)未来30日内股价将绝对上涨，估计此 情境有约70%至80%(或非常可能)的概率，维持"增持"评级及目标价11.7港元，此按现金流折现率作估 值。 ...