6月11日（周三），全球最大的铜生产商--智利Codelco公司首席财务官Alejandro Sanhueza表示，该公司 将更加专注于公私合作伙伴关系，以提高财务状况，并提升开发新项目的能力，这些都旨在提高产量。 Codelco公司已经和自由港麦克莫兰公司（Freeport-McMoRan）在El Abra矿建立合作关系，并拥有英美 资源集团五分之一的股份。今年，其还从小型公司Enami手中收购了Quebrada Blanca资源10%股份。 Sanhueza表示，另一目标是建立联合基础设施，促进新技术的应用，或者尽量减少对环境的影响。 Codelco今年早些时候宣布了一项协议，将和英美资源集团共同经营临近的铜矿。该公司称，将在21年 内每年增加12万吨产量。 该公司也在加强自身的勘探预算，2023年和2024年平均每年增加到8,300万美元，2025-29年期间将增至 平均每年1.5亿美元。 Sanhueza表示，公私合作伙伴关系将是"增长的支柱"，而非用于大修项目或任何现有业务，以遵守公司 的国有化规定，该规定不允许其矿山接受私人资金。 Sanhueza表示："绿地计划（新项目）是我们增长战略的关键部分 ...

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 行业|深度|研究报告 2025年6月6日 钨 行 业 深 度: 供 需 格 局、 行 业 发 展 趋 势、 产 业 链 及 相 关 企 业 深 度 梳 理 钨金属因为其硬度大,熔沸点高,能耐高温,耐侵蚀等特点,通常被加工成硬质合金工具,钨特钢等, 被应用于交通运输、采掘、工业制造、军工等领域,是加工国之重器的关键工具,素有"工业牙齿"之 称,更是"高端制造业的脊梁"。因为钨资源的稀缺性和不可替代性,我国将钨视为战略性资源,其开 采受到国家的严格管控。 长期看,预计 2023-2027 年全球钨的供需缺口有望从 1.3 万吨增至 1.8 万吨,占全球原钨需求的比例从 14%增至 17%,全球钨供需或将维持紧缺,钨价中枢有望系统性抬升。短期看,考虑到供应偏紧,全球积 极的宏观政策共振向上有望推动需求改善,钨价正蓄势待发,有望创出历史新高。 以下内容我们就将以钙行业的当前现状及未来发展为主线,对相关问题展开具体梳理。试图从钨行业的 市场现状、行业发展的驱动因素、供需格局、产业链情况、相关公司发展面貌等问题,具体 ...

Group 1: Consumer Price Index (CPI) Analysis - In May 2025, Guangdong's Consumer Price Index (CPI) decreased by 0.4% year-on-year, maintaining the same decline as the previous month, and a month-on-month decrease of 0.1% compared to a 0.3% increase in the previous month, resulting in a fluctuation of 0.4 percentage points [1] - The average CPI for January to May 2025 was down 0.4% compared to the same period last year [1] - Factors influencing the CPI included a 4.0% increase in fresh fruit prices due to the arrival of lychee season and increased demand from warmer weather, and a 2.3% increase in aquatic product prices due to reduced market supply during the fishing ban and increased demand during holidays, collectively contributing approximately 0.15 percentage points to the CPI increase [1] Group 2: Producer Price Index (PPI) Analysis - In May 2025, Guangdong's Producer Price Index (PPI) decreased by 1.8% year-on-year, with the decline widening by 0.4 percentage points compared to the previous month, and a month-on-month decrease of 0.2% [1] - The average PPI for January to May 2025 was down 1.3% year-on-year [1] - The Industrial Producer Purchase Price Index (IPI) also saw a year-on-year decrease of 3.1% and a month-on-month decrease of 0.4% [1] - The decline in PPI was influenced by falling international crude oil prices, overcapacity in certain industries, and insufficient downstream market demand [1][2] - In the PPI survey of 38 major industries, 6 industries saw price increases, 26 experienced price declines, and 6 remained stable, indicating an industry price increase rate of 15.8% [2] - Specific industries affected included a 3.6% decrease in oil and gas extraction prices, a 3.0% decrease in petroleum, coal, and other fuel processing prices, and a 4.1% decrease in black metal mining prices due to reduced demand in the construction and real estate sectors [2]

中国有色金属建设股份有限公司 证券代码：000758 证券简称：中色股份 | 截至 | | 2024 | 年末，公司拥有敖包锌矿、白音诺尔铅锌矿和达 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 瑞铅锌矿等 5 宗采矿权和 3 宗探矿权。保有矿产资源总金属量： | | | | | | | | | | | | | | | 锌 万吨、铅 年，白音诺尔铅锌矿处理 369.94 171.99 万吨。2024 | | | | | | | | | | | | | | | 矿石量 106.17 万吨，生产锌金属 3.3 万吨，铅金属 0.83 | | | | 万吨； | | | | | | | | | | | 敖包锌矿处理矿石量 39.91 万吨，生产锌金属 3.63 万吨。 | | | | | | | | | | | | | | | 敖包锌矿采矿权全区保有锌金属 万吨，锌平均品位 30.86 | | | | | | | | | | | | | | ...

兴业银锡：子公司宇邦矿业资源储量核实报告通过评审备案 智通财经6月11日电，兴业银锡(000426.SZ)公告称，公司子公司宇邦矿业资源储量核实报告通过评审备 案，经对比，本次资源储量核实与最近一次报告比较，累计查明矿石量增加了13,367.28万吨，Ag矿石 量增加了18,355.06万吨、金属量增加了6,146.58吨；Pb矿石量增加了12,555.5万吨、金属量增加了 397,371吨；Zn矿石量增加了17,513.9万吨、金属量增加了842,294吨。公司持有宇邦矿业85%股权，宇邦 矿业是公司的控股子公司。 ...

智通财经APP讯，金川国际(02362)发布公告，截至2025年3月31日止3个月，集团的采矿业务生产铜 13,914吨(于电解铜及铜精矿的铜含量)，较2024年同期的13,026吨同比增加约6.8%。该增加乃主要受 Ruashi矿场生产由电解铜转向铜精矿所驱动，由于刚果民主共和国国家电网电力供应不稳定，故集团于 2025年1月暂时停止Ruashi矿场耗电量较高的溶剂萃取-电解冶炼法 (SX-EW)系统。因此，电解铜产量下 跌，而集团则集中耗电量较低的浮选工厂提高铜精矿的产量，进而维持整体产量水平。为解决电力供应 问题，集团积极加装额外的柴油发电机，且SX-EW系统已于2025年5月中旬恢復运作。 此外，继续停牌。 由于暂时停止SX-EW系统，集团于第一季度生产钴71吨(于氢氧化钴的钴含量)，较截至2024年同期的 530吨同比减少约86.6%。 铜销量于第一季度减少乃受刚果(金)政府于2025年2月的公告临时暂停所有钴出口四个月所致，此举对 Ruashi矿场的铜精矿销量造成非预期的影响。Ruashi矿场生产的铜精矿含钴量极少，因此仍受制于出口 禁令影响而导致销量减少。Kinsenda矿场生产的铜精矿并未受出 ...

证券研究报告|行业研究报告 [Table_Date] 2025 年 6 月 10 日 [Table_Title] 安托法加斯塔 2025Q1 铜产量环比减少 22.8%至 15.47 万吨，铜单位净现金成本环比增长 25.2%至 1.54 美元/磅 [Table_Title2] 有色金属-海外季报 [Table_Summary] 季报重点内容: ► 生产经营情况 1）铜 2025Q1 铜总产量为 15.47 万吨，同比增长 19.6%，环比减少 22.8%。主要得益于集团的两个选矿厂-- Los Pelambres 选矿厂 和 Centinela 选矿厂产量的增加。 2025Q1 铜销量为 17.02 万吨，同比增长 47.1%，环比减少 11.3%。 2025Q1 铜实现价格为 4.69 美元/磅，同比增长 18.1%，环比增 长 25.1%。 2025Q1 扣除副产品收益抵免前的铜单位现金成本为 2.37 美元/ 磅，同比减少 11.2%，环比增长 17.9%。主要原因是集团的选 矿厂（Los Pelambres 选矿厂和 Centinela 选矿厂）产量增加。 2025Q1 铜单位净现金成本为 1.54 ...

证券代码：000603 证券简称：盛达资源 公告编号：2025-039 盛达金属资源股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 盛达金属资源股份有限公司（以下简称"公司"）2024 年年度权益分派方案 已获 2025 年 5 月 20 日召开的 2024 年度股东大会审议通过，现将权益分派事宜 公告如下： 一、股东大会审议通过利润分配方案情况 度利润分配方案》，公司 2024 年度利润分配方案如下：公司拟以 2024 年末总股 本 689,969,346 股为基数，向全体股东进行现金分红，每 10 股派发现金红利 1.00 元（含税），合计派发现金红利 68,996,934.60 元（含税），不送红股，不以资本 公积金转增股本，剩余未分配利润结转至下一年度。本次利润分配方案公告后至 实施前，公司总股本由于股份回购、发行新股等原因发生变动的，将按照分配总 额不变的原则对分配比例进行调整。 致的。 二、本次实施的权益分派方案 公司 2024 年年度权益分派方案为：以公司现有总股本 689,969,346 股为基 数，向全体股东每 10 股派 1. ...

Investment Rating - The industry rating is "Recommended" [7] Core Insights - In Q1 2025, copper production totaled 154.7 thousand tons, a year-on-year increase of 19.6%, but a quarter-on-quarter decrease of 22.8%. This was primarily due to increased output from the Los Pelambres and Centinela mines [2][13] - Copper sales reached 170.2 thousand tons, reflecting a year-on-year growth of 47.1% but a quarter-on-quarter decline of 11.3% [2][13] - The realized copper price was $4.69 per pound, up 18.1% year-on-year and 25.1% quarter-on-quarter [2][14] - The net cash cost for copper was $1.54 per pound, a decrease of 20.2% year-on-year but an increase of 25.2% quarter-on-quarter [3][13] - Gold production was 42.9 thousand ounces (1.33 tons), marking a year-on-year increase of 28.8% but a quarter-on-quarter decrease of 37.1% [4][13] - The realized gold price was $3,098 per ounce, up 42.4% year-on-year and 16.1% quarter-on-quarter [4][14] - Molybdenum production was 3,100 tons, with a year-on-year increase of 14.8% and a quarter-on-quarter increase of 10.7% [5][13] - The realized molybdenum price was $19.3 per pound, down 8.5% year-on-year and 10.2% quarter-on-quarter [5][14] Production and Cost Summary - The total copper production for Q1 2025 was 154.7 thousand tons, with a cash cost before by-product credits of $2.37 per pound [13] - The total gold production for Q1 2025 was 42.9 thousand ounces, with a realized price of $3,098 per ounce [4][14] - The total molybdenum production for Q1 2025 was 3,100 tons, with a realized price of $19.3 per pound [5][14] Project Development Updates - The Centinela Phase II project is progressing as expected, focusing on assembling mining equipment and completing concrete work for the foundations of the mills [8] - The Los Pelambres expansion project is also on track, with ongoing work on the concentrate pipeline and seawater desalination plant [9] - The Cachorro exploration project submitted an environmental impact statement in January 2025 for additional exploration work [10] 2025 Outlook - The annual copper production target remains unchanged, expected to be between 660,000 and 700,000 tons [11] - The cash cost guidance remains unchanged, with costs before and after by-product credits expected to be between $2.25-$2.45 and $1.45-$1.65 per pound, respectively [11] - Capital expenditure guidance remains at $3.9 billion [12]

Group 1 - Rio Tinto's board remains unified in supporting its lithium strategy despite recent challenges, including CEO Jakob Stausholm's unexpected departure and a significant acquisition of Allkem for AUD 10 billion [3] - The company is launching five large alternative iron ore mines over the next five years, with the first, Western Range, now operational and expected to produce 25 million tons annually [3] - Stausholm emphasized the importance of lithium as a future pillar of the business, highlighting the strategic value of lithium brine projects in Argentina and Chile [3] Group 2 - Geopacific Resources' stock surged by 20% following the announcement that gold producer St Barbara will acquire a significant stake, potentially becoming a strategic shareholder with 14.4% ownership [6] - The partnership is expected to create strategic synergies, particularly with Geopacific's Woodlark gold project in Papua New Guinea [6] Group 3 - Australian Strategic Materials' stock increased by 27.09% due to rising inquiries for its high-purity rare earth materials from its Korean metal plant and successful sales contracts with major partners [7] - The company is positioning itself as a leading producer of NdPr metals and NdFeB alloys outside of China, with plans to establish a metal plant in the U.S. [7] Group 4 - Robex Resources debuted on the ASX with a 16.08% increase, raising AUD 120 million through its IPO, focusing on gold exploration and production in West Africa [12][13] - The Kiniero project in Guinea has an estimated resource of 71.23 million tons at a grade of 0.96 grams per ton, containing 2.2 million ounces of gold [13] Group 5 - IperionX Limited's stock rose by 28.84%, reflecting a 114.35% increase over the past year, as the company transitions from mineral exploration to a focus on low-carbon critical metals [17][27] - The company has secured a significant contract from the U.S. Department of Defense, with a maximum value of USD 99 million, highlighting its role in the domestic materials manufacturing strategy [25][27] Group 6 - Solstice Minerals reported promising results from its Bluetooth gold project, confirming shallow, stable, and wide gold mineralization, which supports future open-pit mining potential [32][34] - The company is advancing exploration in multiple target areas, with a strong cash position of AUD 13.6 million to support ongoing projects [36][38]