Group 1 - The article reports that the State Administration for Market Regulation has released a list of unconditional approvals for operator concentration cases from July 7 to July 13, 2025 [1] - Among the approved cases is the establishment of a joint venture between Zijin Mining Group Co., Ltd. and Agilent Brothers Mining Company [1]

新华财经上海7月18日电（谢贤保 葛佳明）近日，坦桑尼亚矿业部发布的数据显示，在2024/25财年（2024年7月1日至2025年6月30日）期间，该国矿业行业 收入达到1.063万亿坦桑尼亚先令（约合4.07亿美元），首次突破万亿先令大关，展现出较强的增长潜力。 坦桑尼亚是非洲主要的黄金生产国之一，并以钻石、坦桑石、镍、铜、稀土、石墨及锂等多种矿产著称。今年以来，蜀道集团、和建国际、盛和资源、金昂 集团等中资企业纷纷加码布局对坦矿业投资，坦桑尼亚成为中资企业出海"挖矿"的新兴目的地。中资企业在积极拥抱坦桑尼亚矿业领域投资新机遇的同时， 也要密切关注其发展新动向，探索价值共创、互利共赢的中坦矿业投资合作新路径。 动向一：增长潜力凸显 中企投资趋热 近年来，坦桑尼亚加速实施"矿产强国"战略，持续加大矿业发展政策力度，矿业产值及其占GDP比重实现稳步增加。数据显示，2024年坦桑尼亚矿业产值同 比增长8.3%，占GDP比重上升到10.1%。 得益于矿业快速发展，2024/25财年坦桑尼亚矿业行业非税收收入破万亿先令大关，超额完成收入目标任务。坦桑尼亚矿业部常任秘书长叶海亚·萨曼巴称， 在没有开采新矿的前提下，平均 ...

Core Viewpoint - The fixed asset investment in Henan Province for the first half of 2025 shows a year-on-year growth of 5.1%, driven by a significant increase in private investment and industrial investment, despite declines in infrastructure and real estate development investments [1][3]. Investment Overview - Fixed asset investment (excluding rural households) increased by 5.1% year-on-year [2] - Private investment grew by 8.3% [2][8] - Industrial investment rose by 25.9% [2] - Infrastructure investment (excluding power, heat, gas, and water supply) decreased by 10.6% [2] - Real estate development investment fell by 8.5% [2] Sector Analysis - First industry investment decreased by 0.7% [2] - Second industry investment increased by 25.9% [2] - Third industry investment declined by 5.8% [2] Industrial Investment Breakdown - Mining industry investment surged by 40.5% [2] - Manufacturing investment rose by 24.8% [2] - Investment in electricity, heat, gas, and water production and supply increased by 28.3% [2] Infrastructure Investment Details - Water conservancy, environment, and public facilities management investment decreased by 1.7% [2] - Transportation and postal services investment fell by 22.2% [2] - Information transmission investment declined by 18.2% [2] Project Investment Insights - Central project investment grew by 4.0% [2] - Local project investment increased by 5.1% [2] Policy and Economic Context - The investment growth is supported by macroeconomic policies aimed at stabilizing growth and enhancing the business environment [3] - Manufacturing investment accelerated with a year-on-year increase of 24.8%, reflecting a 3.3 percentage point rise from the first quarter [4] - Key industrial chains saw a 25.2% increase in investment, indicating a focus on high-quality development [5] - High-tech manufacturing investment grew by 12.1%, with significant contributions from the pharmaceutical sector [6] - Equipment procurement investment surged by 26.3%, driven by industrial needs [7] - The policies promoting private sector investment have led to an 8.3% increase in private investment, with a notable rise in non-real estate projects [8] - Major projects with planned investments of over 100 million yuan saw a 9.3% increase, contributing significantly to overall investment growth [9]

但部分地区和行业安全问题依然突出 对此，应急管理部将会同各地、各有关部门全力抓好安全生产、防灾减灾救灾各项工作，全面排查风险 隐患，严格落实安全措施，切实维护人民群众生命财产安全。 中化新网讯 7月15日，应急管理部举行例行新闻发布会。应急管理部新闻宣传司司长申展利在发布会上 介绍，上半年，全国共发生各类生产安全事故8562起、死亡8079人，同比分别下降22.9%、17.8%。其 中，发生重大事故4起、死亡70人，同比分别下降20%、25.5%；发生较大事故172起、死亡634人，同比 分别下降6.5%、9.7%，安全生产形势总体稳定。 申展利强调，三季度历来是重特大事故易发期，叠加暑期旅游出行高峰和"七下八上"防汛关键期，安全 生产和自然灾害防范压力进一步增大。强降雨、高温、台风等极端天气可能引发次生灾害，交通运输、 建筑施工、危化品等重点行业安全风险交织叠加。 申展利指出，尽管整体数据向好，但一些地区和行业领域发生典型事故，安全问题依然突出：一是人员 密集场所发生重大火灾事故，商贸场所火灾隐患问题突出。二是交通运输业发生内河水运重大事故，货 车农用车非法载人问题突出。三是化工和烟花爆竹行业发生爆炸事故， ...

Core Viewpoint - BHP's fourth-quarter and annual operational report indicates rising costs and delays in its Canadian potash project, while iron ore and copper production have slightly increased, reaching historical highs [1][2]. Group 1: Potash Project - BHP has invested heavily in the potash sector, completing 68% of the Jansen project phase one, with estimated costs rising from $5.7 billion to between $7 billion and $7.4 billion [1]. - Potential oversupply in the market may delay the phase two execution of the Jansen project by two years [1]. - The company is considering extending the execution timeline for phase two of the Jansen project as part of its regular review of capital projects [1]. Group 2: Iron Ore Production - In the fourth quarter, BHP's iron ore production reached 70.3 million tons, bringing the fiscal year 2025 iron ore production to 263 million tons, close to the upper limit of its guidance range [1]. - The fiscal year 2024 iron ore production is projected at 260 million tons, reflecting a growth rate of 1% [1]. - BHP's Western Australia iron ore operations set multiple records, including annual production [1]. Group 3: Copper Production - BHP's copper production increased by 2% in the fourth quarter, with the Escondida project in Chile achieving its highest annual output in 17 years [2]. - Total annual copper production exceeded 2 million tons, marking an 8% year-on-year increase and setting a new record [2]. - The CEO highlighted the resilience of global commodity demand since 2025, despite challenges in the market [2].

今年以来，"金价上涨"频繁占据各大平台热搜。然而事实上，白银的涨幅已悄然超越黄金。根据最新市 场数据，伦敦白银现货年内累计上涨30.85%，显著高于伦敦金现货26.91%的同期涨幅，成为贵金属赛 道中表现更强势的资产。 6月5日以来，白银强势突破，银价在小幅盘整后再创新高。7月14日，伦敦银现货一度站上39美元/盎 司，创2011年9月以来近13年新高。 短期来看，白银的大涨，主要归于以下三点。1)美元指数回落：6月5日至今，美元指数走势偏弱，利好 白银的货币属性; 2)风险偏好提升：4-5月美国新增就业均超预期，经济显示出一定韧性，资金风险偏好提升，白银相对 于黄金更为受益，金银比回落; 3)白银交易量较小，容易受到资金驱动，根据LBMA，2024年黄金日均交易量1119.9亿美元，而白银日 均交易量仅119.5亿美元，白银交易量仅占黄金的10.7%。白银作为较好的"黄金平替"，资金的高切低将 对白银存在较大影响。 在此三重背景下，短期内白银上涨动能强。而从中长期角度来看，白银仍有上涨的空间。 供给主要源于伴生矿，原生银矿供给或仍为刚性 2024年全球白银供给总量约3.16万吨，同比增加1.7%。白银矿端供 ...

Group 1: Financial Instruments and Market Trends - The first batch of Sci-tech Bond ETFs has been launched, increasing the total number of credit bond ETFs to 21, which will help attract more medium to long-term funds into the market [1] - Insurance companies have raised over 74 billion yuan in capital this year, indicating a sustained high demand for capital supplementation [1] Group 2: Automotive Industry Developments - The penetration rate of L2-level assisted driving in China has exceeded 50%, the highest globally, with emerging technologies like parking assistance also gaining traction [2] - The automotive industry's competitiveness is shifting from mechanical hardware to intelligence and AI, emphasizing the need for companies to adapt to this new landscape [2] Group 3: Solar Industry Performance - The solar industry is facing significant challenges, with most companies in the supply chain reporting losses, highlighting a clear divergence in performance among firms [2] - Only 8 out of 30 solar companies that released half-year performance forecasts expect positive net profits, with only 2 showing year-on-year growth [2] Group 4: Swine Industry Insights - Despite a decline in pig prices, many pig farming companies are expected to report profits, driven by effective cost control measures [3] - The industry is focusing on regulating sow production capacity to stabilize prices, which may lead to increased market concentration [3] Group 5: Film Industry Performance - The summer film season has seen box office revenues surpass 3.5 billion yuan, with diverse genres and innovative themes contributing to its success [4] Group 6: AI and Robotics Innovations - A new AI framework for malaria diagnosis has achieved an accuracy rate of 96.47%, showcasing advancements in AI applications for disease control [4] - A new type of robot capable of self-growth and repair by absorbing surrounding materials has been developed, marking a significant step towards sustainable robotic systems [4] Group 7: Corporate Changes and Market Reactions - JD.com has criticized the recent "0 yuan purchase" promotions in the food delivery sector as a form of unhealthy competition [5] - Wahaha's sales have reportedly dropped significantly following legal issues faced by its chairman, raising concerns among distributors [5] - Good Products announced a significant change in its controlling shareholder, with the Wuhan State-owned Assets Supervision and Administration Commission set to become the actual controller [9] - Han's announcement of a fundraising adjustment indicates a focus on projects related to large model chip platforms and software [11] - Zongheng's actual controller's divorce has led to a significant change in shareholding structure, but control remains unchanged [11] - Gujia Home's CFO and board secretary have resigned, with new appointments made to fill these roles [10]

期货热点追踪 必和必拓2025财年铜产量创新高，首次突破200万吨，却预警明年下降，市场供需预期生变？ 相关链接 ...

黑色建材日报 2025-07-18 钢材 黑色建材组 陈张滢 从业资格号：F03098415 交易咨询号：Z0020771 0755-23375161 chenzy@wkqh.cn 郎志杰 从业资格号：F3030112 0755-23375125 langzj@wkqh.cn 万林新 从业资格号：F03133967 0755-23375162 wanlx@wkqh.cn 赵 航 铁矿石 昨日铁矿石主力合约（I2509）收至 785.50 元/吨，涨跌幅+1.62 %（+12.50），持仓变化+12867 手，变 化至 70.32 万手。铁矿石加权持仓量 115.54 万手。现货青岛港 PB 粉 768 元/湿吨，折盘面基差 30.31 元 /吨，基差率 3.72%。 供给方面，最新一期海外铁矿石发运量环比维稳，澳洲受部分港口检修影响发运继续下滑，巴西发运量有 较明显回升，非主流国家发运量小幅减少，近端到港量继续增加。需求方面，最新一期钢联口径日均铁水 产量 242.44 万吨，环比增加 2.63 万吨。钢厂利润驱动高炉常规检修完成后快速复产。库存端，港口库存 小幅回升，钢厂进口矿库存有所消耗。进入 7 月后， ...

Group 1 - The Ministry of Finance and the State Taxation Administration announced a reduction in the consumption tax threshold for super luxury cars from a retail price of 1.3 million yuan to 900,000 yuan, effective from July 20, 2025. Additionally, no consumption tax will be levied on the sale of second-hand super luxury cars [1][4]. - On July 17, TSMC reported a 60.7% increase in profits for the second quarter, marking a historical high and achieving profit growth for six consecutive quarters [11]. - The Shanghai International Tourism Resort is set to launch a "Dream Voucher" program with a total amount of 10 million yuan, aimed at boosting tourism consumption from July 18 to October 10, 2023 [2][7]. Group 2 - On July 17, Huaxia Fund (Hong Kong) announced the establishment of two tokenized money market funds: Huaxia US Dollar Digital Currency Fund and Huaxia RMB Digital Currency Fund, with the latter being the world's first RMB tokenized fund [1][13]. - The National Railway Group reported that in the first half of the year, the total number of passengers transported by rail reached 2.24 billion, a year-on-year increase of 6.7%, setting a historical record for the same period [5]. - The domestic TDI market average price reached 14,100 yuan per ton on July 17, up 613 yuan per ton from the previous day, marking a 4.56% increase [12].