美股三大指数集体高开。 截至发稿，道指涨0.08%，纳指涨0.22%，标普500指数涨0.13%。 诺和诺德跌超2%，公司今天宣布CEO将辞职。 美国与伊朗4月12日在阿曼首都马斯喀特举行了首轮间接谈判，这是美国2018年单方面退出2015年签署的伊 核协议后，首次与伊朗正式谈判。此后，双方分别于4月19日、4月26日及5月11日又举行了三轮间接谈判。 特朗普就美伊谈判释放积极信号后，国际市场对中东原油恢复供应预期增强，15日美国西得克萨斯中质原油 和英国伦敦布伦特原油期货价格应声下跌，跌幅均超过2%。英国AJ贝尔公司投资主管拉斯·贝尔表示，操盘 手对伊核协议前景倍加关注。如果美伊达成协议，美国将解除对伊朗的经济制裁，伊朗将向市场供应更多石 油。 英伟达最新持仓曝光，相关概念股集体上扬，Applied Digital涨近12%，CoreWeave涨近8%，NEBIUS涨超 3%。 谷歌股价上涨3%，消息上，文艺复兴科技Q1建仓ServiceNow、谷歌，大幅减持苹果。 热门中概股涨跌不一，禾赛涨超9% ， 哔哩哔哩美股涨超7%，高盛预计一季度游戏业务收入同比增长 71%。 现货黄金大跌，哈莫尼黄金、金田跌超3 ...

2 证券代码：002715 证券简称：登云股份 怀集登云汽配股份有限公司投资者关系活动记录表 编号：20250516 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 全体投资者 时间 2025 年 5 月 16 日 16:00 至 17:00 地点 全景网 上市公司参会人 员姓名 公司董事、总经理张福如先生，独立董事申士富先生，财务总监王 晔女士，董事会秘书胡磊先生 投资者关系活动 主要内容 提问环节： 提问 1：贵公司接下来如何发展？如何给投资者带来回报？ 回答：您好！公司未来将努力做强做专气门业务，同时力争扩大黄 金矿采选业务的储量和生产规模，两业务共同发展，提升公司盈利 能力。谢谢！ 提问 2：领导，您好！我来自四川大决策公司在新能源汽车零部件 领域有哪些布局和业务拓展计划？ 回答：您好！公司产品电磁阀阀体可用于新能源汽车，未来公司将 进一步拓展产品市场及产品应用范围。谢谢！ 提问 3：请问贵公司后续还有重组或资产注入的计划吗？ 回答：您好！公司若有相关计划将及时履行信息披露义务。谢谢！ 提问 4：公司本 ...

Core Insights - The gold market is experiencing unusual activity, with the U.S. importing over 600 tons of gold from London and Switzerland in the first two months of 2025, raising questions about underlying motivations [1] - Central banks globally have increased gold purchases significantly, with a total of 1,062 tons added last year, marking the third consecutive year of aggressive accumulation [1] - Countries like Russia have been stockpiling gold at an unprecedented rate, suggesting potential geopolitical concerns or strategies [1] - China has begun allowing local companies to purchase gold using foreign currency, indicating a shift in its monetary strategy [1] - The demand for gold is expected to extend beyond physical gold to mining stocks, which are perceived as undervalued compared to broader market indices [1] Group 1 - The influx of physical gold into the U.S. has been substantial, with 1,900 million ounces (nearly 600 tons) arriving from Europe in just one quarter, equating to approximately 13% of Fort Knox's estimated gold reserves [2] - The current focus on gold is attributed to concerns over the stability of fiat currencies, with historical patterns suggesting that gold becomes a safe haven during economic turmoil [2] - The concept of a global reset is discussed, where governments may face debt repayment challenges, leading to a potential revaluation of currencies and assets [3] Group 2 - Investors are advised to closely monitor gold as its rising price reflects the concerns of influential market players regarding economic instability [5] - The accumulation of gold by central banks is seen as a signal for investors to reassess their portfolios, particularly in light of potential market disruptions [5] - The contrasting views of investment strategies are highlighted, with some advocating for cash reserves alongside gold, emphasizing the importance of liquidity during market downturns [6]

Global Gold Demand and Production - In 2024, global gold demand reached a record high of 4,974 tons, while gold mine production was 3,661 tons, showing no significant year-on-year growth due to rising costs in labor and energy [1] China's Gold Production - China maintained its position as the world's largest gold producer for 18 consecutive years, with a production of 377.242 tons in 2024, reflecting a year-on-year increase of 0.56% [3] - Zijin Mining, China's largest gold mining company, produced 72.94 tons of gold in 2024, a 7.7% increase, with 65.5% of its production coming from overseas mines [3] - Shandong Gold's gold production increased by 10.51% to 46.17 tons, with domestic mines contributing 38.32 tons, making it the highest gold producer among listed companies in China [3] Major Global Gold Mines - The top three gold mines in 2024 were Nevada Gold Mines in the USA (2,698,701 ounces), Muruntau in Uzbekistan (2,676,656 ounces), and Grasberg in Indonesia (1,861,000 ounces) [4][10] - Nevada Gold Mines, a joint venture between Barrick Gold and Newmont, produced 83.94 tons of gold in 2024 [9] - Muruntau, the world's largest open-pit gold mine, has proven reserves exceeding 4,500 tons and produced approximately 83.25 tons in 2024 [7][9] Emerging Gold Mining Projects in China - The Xiling Gold Mine in Shandong is the largest single gold deposit discovered in China, with gold reserves of 592 tons [4] - The San Shan Dao North Sea Gold Mine, China's first offshore gold discovery, has proven gold resources exceeding 500 tons and is expected to start production in mid-2025, targeting an annual output of over 15 tons [5]

南非统计局：南非3月份黄金产量同比下降11.1%，3月份矿业总产出同比下降2.8%。 ...

5月1日，"中国金王"紫金矿业（601899.SH，股价17.76元，市值4720亿元）宣布，拟通过分拆方式推动 境外黄金矿山资产在香港联交所主板上市。5月8日，新任港股"股王"老铺黄金（06181.HK，股价667港 元，市值1123亿港元）宣布拟筹资净额约27亿港元。 无论是紫金矿业还是老铺黄金，其近期的资本运作均在资本市场引起不小的波澜。 紫金矿业在已经实现A+H股上市情况下，为何再度分拆子公司至港股上市？就相关事宜，5月13日下 午，《每日经济新闻》记者致电公司证券部门，但电话未能接通。 值得一提的是，紫金矿业早已实现A+H股上市，而老铺黄金此次募资距离IPO（首次公开募股）还未满 一年。就两家企业近期的资本运作，5月13日，多位资本市场人士向《每日经济新闻》记者分析称，国 际金价大幅上涨，使得黄金资产的估值现阶段更高。 十天内两家头部企业相继出手 官网资料显示，紫金矿业是一家大型跨国矿业集团，主要在全球范围内从事铜、金、锌、锂、银、钼等 金属矿产资源勘查、开发和矿业工程研究、设计及应用等。紫金矿业早已实现A+H股上市，公司2024 年年报中的一系列数据也可以说明这家老牌巨头的"江湖"地位：近5年矿产 ...

1. Report Industry Investment Rating - No relevant information provided. 2. Core View of the Report - The iron ore market currently shows a situation of increasing supply and demand, with a relatively healthy fundamental situation, which provides support for iron ore prices. After the Sino - US Geneva talks, the tariff policy has been eased, and with the revision of downstream demand expectations, the iron ore price is expected to rebound in the near future [10][11]. 3. Summary by Relevant Catalogs 3.1 Market Review - On May 12, the main 2509 contract of iron ore futures fluctuated upwards, rising 3.16% to close at 718.5 yuan/ton. The prices of other steel futures also showed varying degrees of increase, such as RB2510 rising 1.52%, HC2510 rising 1.51%, and SS2507 rising 1.29% [5][7]. - In terms of positions, the long - short position changes of different contracts varied. For the I2509 contract, the top 20 long positions increased by 18,164 hands, and the top 20 short positions increased by 5,325 hands, with a long - short difference of 12,839 hands and a deviation of 2.84% [8]. 3.2 Spot Market and Technical Analysis - In the spot market on May 12, the main iron ore outer - disk quotes increased by $2.5 per ton compared with the previous trading day, and the prices of main - grade iron ore at Qingdao Port were raised by 15 yuan/ton compared with the previous trading day. Technically, the daily KDJ and MACD indicators of the iron ore 2509 contract showed golden crosses [9]. 3.3 Market Outlook - **Supply**: Last week, the shipments from Brazil decreased, while those from Australia increased slightly. The total shipments from 19 ports decreased month - on - month, and the arrivals at 45 ports also decreased slightly. However, the overall level was still moderately high. The shipments in the past four weeks increased by 1.68% compared with the previous four weeks, and it is expected that the arrivals will remain at a moderately high level in the near future, with a loose iron ore supply [10][11]. - **Demand**: Last week, the daily average pig iron output increased again, reaching a new high of 2.4564 million tons since late October 2023. Steel mills maintained strong production, providing strong support for the actual demand for iron ore [11]. - **Inventory**: The available days of steel mill inventory remained at 22 days, and the port inventory decreased slightly. As the arrivals remain at a high level, it is expected that the inventory will increase in the near future, but the increase space is limited [11]. 3.4 Industry News - On May 12, Rio Tinto signed a final joint - venture agreement with Japan's Sumitomo Metal Mining for the Winu copper - gold project in Western Australia. Sumitomo will pay up to $430.4 million to acquire a 30% stake in the project [12]. - According to data from the China Association of Automobile Manufacturers, in April, the export of traditional fuel vehicles was 317,000 units, a month - on - month decrease of 9.3% and a year - on - year decrease of 18.7%. The export of new energy vehicles was 200,000 units, a month - on - month increase of 27% and a year - on - year increase of 76%. From January to April, the export of traditional fuel vehicles was 1.295 million units, a year - on - year decrease of 7.9%, and the export of new energy vehicles was 642,000 units, a year - on - year increase of 52.6% [12]. - The Sino - US Geneva economic and trade talks jointly stated that both sides will take measures to adjust tariffs. The US will modify the ad - valorem tariffs on Chinese goods, and China will make corresponding adjustments to the tariffs on US goods. Both sides will also cancel some additional tariffs and take measures to suspend or cancel non - tariff counter - measures. They will establish a mechanism to continue consultations on economic and trade relations [12][13]. 3.5 Data Overview - The report presents multiple data charts related to the iron ore and steel industry, including the prices of main iron ore varieties at Qingdao Port, the price differences between high - grade and low - grade ores and PB powder, shipments from Brazil and Australia, arrivals at 45 ports, domestic mine capacity utilization, port iron ore trading volume, steel mill inventory available days, port inventory and dredging volume, and various production and consumption data of steel products [20][22][24].

Core Viewpoint - The control of Cangge Mining has shifted to Zijin Mining Group, which now holds 26.18% of the shares and has achieved financial consolidation despite not owning a majority stake [1][3][4]. Group 1: Control Transfer and Shareholding Changes - Zijin Mining completed the acquisition of Cangge Mining's control within four months, spending 137.29 billion yuan to acquire approximately 392 million shares at 35 yuan per share, representing 24.98% of Cangge Mining's total equity [3][4]. - Following the transfer, the shareholding of the original controller, Xiao Yongming, decreased to 20.13%, with voting rights at 15.1%, while Zijin Mining's voting rights increased to 26.18% [4]. - The board of directors of Cangge Mining underwent significant changes, with most seats now held by Zijin Mining personnel, indicating a complete shift in governance [5][6]. Group 2: Financial Performance and Market Context - Cangge Mining, a key player in the lithium mining sector, reported a total revenue of 32.51 billion yuan in 2024, a decrease of 37.79% year-on-year, and a net profit of 25.80 billion yuan, down 24.56% [7]. - The decline in revenue was attributed to falling prices of potassium chloride and lithium carbonate, with the average market price for lithium carbonate dropping by 67.04% to 90,100 yuan per ton in 2024 [7][8]. - Despite the downturn, analysts project steady growth for Cangge Mining, with expected revenues of 33.39 billion yuan, 39.88 billion yuan, and 48.63 billion yuan from 2025 to 2027, reflecting a compound annual growth rate [7].

Core Viewpoint - Western Gold (601069.SH) plans to acquire 100% equity of Xinjiang Meisheng from its controlling shareholder, Xinjiang Nonferrous, to eliminate potential competition and enhance the company's independence [1][3][4]. Group 1: Acquisition Details - The acquisition will be financed through the company's own funds and loans, making Xinjiang Meisheng a wholly-owned subsidiary of Western Gold upon completion [1][3]. - Xinjiang Meisheng owns the Katerbaasu gold-copper polymetallic mine project, which has a proven ore reserve of 25.67 million tons, including 7.87 tons of gold resources [1][5]. - The project is expected to achieve a production scale of 4,000 tons per day, with an annual output of 120,000 tons of ore and approximately 3.3 tons of gold, projected to commence production in the second half of 2025 [5]. Group 2: Financial Performance - In 2024, Western Gold achieved a record revenue of approximately 7 billion yuan, a year-on-year increase of 56.68%, with net profit turning positive at 290 million yuan [7]. - The company produced 9.59 tons of gold in 2024, exceeding its annual target by 5.37%, and experienced significant growth in revenue across its gold, manganese, and beryllium segments [6][7]. - The revenue from the gold segment reached 5.506 billion yuan, up 77.84% year-on-year, with a gross margin of 7.36%, an increase of 11.11 percentage points [6].

中国银河证券发布研报称，黄金突破区间可能需等待美联储降息或实物黄金需求爆发。未来需要进一步 观察美国经济情况，是滞胀还是衰退，如果出现滞胀并且美联储并未降息，那么黄金大概率呈现震荡向 上。如果进入衰退，黄金会跟随其他大宗商品回调，直至美联储启动降息。黄金的震荡区间已经被系统 性的提升到3150美元至3550美元，美联储降息后黄金有望上行至3700美元以上。另外，实物黄金需求旺 盛或使得下半年黄金再次上行。 东方金诚首席宏观分析师认为，在国际金价大幅上行，叠创历史新高的背景下，近期人民银行持续增持 黄金，主要原因是美国新政府上台后，全球政治、经济形势出现新变化，国际金价有可能在相当长一段 时间内易涨难跌。这意味着从控制成本角度出发暂停增持黄金的必要性下降，而从优化国际储备结构角 度增持黄金的需求上升。 智通财经APP获悉，黄金股延续涨势，截至发稿，灵宝黄金(03330)涨3.98%，报9.41港元；赤峰黄金 (06693)涨2.62%，报29.35港元；山东黄金(01787)涨1.24%，报24.55港元；招金矿业(01818)涨0.31%，报 19.32港元。 消息面上，5月7日，根据央行披露的官方储备资产数 ...