Core Viewpoint - China Minmetals Corporation emphasizes "resources" as its primary strategy and aims for high-end, intelligent, and green development through technological innovation [1][2] Group 1: Business Overview - China Minmetals, established in 1950, is a state-owned enterprise directly managed by the central government, focusing on metal minerals and has developed a full industry chain covering exploration, construction, operation, smelting, trade, logistics, R&D, and financial capital [1] - As of mid-2025, China Minmetals has total assets of nearly 1.5 trillion yuan and reported revenue of 381.1 billion yuan [1] Group 2: Resource Assurance and Development - The company is enhancing its resource assurance capabilities, with significant increases in resources for copper, lead-zinc, nickel, cobalt, tungsten, tin, and antimony expected in 2024 [2] - China Minmetals has formed the China Salt Lake Group with Qinghai Province to accelerate the construction of a world-class salt lake industry base, with Salt Lake Co. becoming the ninth listed subsidiary [2] - Minmetals Resources, a flagship platform for overseas base metal development, holds 18.6 million tons of copper and 11.9 million tons of zinc resources, positioning it as a leading global producer [2] Group 3: Technological Innovation and Development - The company is focusing on technological innovation as a core driver, leveraging national-level R&D platforms to foster strategic emerging industries in metal materials, special materials, equipment manufacturing, digital economy, and energy conservation [3] - China Minmetals boasts 10 national-level manufacturing champions, 20 specialized "little giant" enterprises, and 14 "double hundred" enterprises [3] Group 4: Business Diversification and Upgrading - The metallurgical construction sector is aligning with new industrialization and urbanization, while trade logistics is developing a comprehensive model integrating resources, trade, logistics, and services [4] - Financial capital aims to optimize business structure with a focus on technology, green, and industrial finance [4] - Zhongtung High-tech is promoting the high-end, intelligent, and green transformation of the non-ferrous metal industry, with significant production increases expected post-technical upgrades [4] Group 5: Investor Relations and Value Creation - China Minmetals is committed to enhancing the value creation and realization of its listed companies, focusing on improving company quality, optimizing investor return mechanisms, and enhancing investor relations management [5][6] - The company plans to support listed companies in developing sustainable profit distribution policies and encourage cash dividends and share buybacks to boost investor confidence [6] - Efforts will be made to improve communication with investors through various engagement activities, enhancing information disclosure quality and market recognition [6]

Mark Hill目前负责巴里克矿业的拉丁美洲和亚太地区业务，拥有30年的采矿业经验。他于2006年加入该 公司，并在最初决定在内华达州Fourmile金矿项目开展勘探方面发挥了关键作用。 智通财经APP获悉，加拿大金属生产商巴里克矿业(B.US)宣布，该公司董事会任命Mark Hill为集团首席 运营官(COO)及临时总裁兼首席执行官(CEO)，以接替离职的Mark Bristow，该任命即刻生效。 Mark Bristow在担任巴里克矿业总裁兼CEO近七年后选择卸任。该公司董事长John Thornton表示，Mark Bristow"强化了我们的资产组合，并帮助巴里克矿业确立了作为全球领先黄金和铜生产商的地位"，但 未对其离职原因作出解释。此外，该公司董事会的遴选委员会表示，已在一家领先的高管猎头公司的支 持下启动程序，以物色一位正式的总裁兼CEO。 9月16日，巴里克矿业位于内华达州的Fourmile项目初步评估显示，该矿区年产黄金潜力高达75万盎 司。该公司称Fourmile项目是"本世纪最伟大的黄金发现之一"。这一发现格外引人注目，因为在股东要 求矿企最大化回报的压力下，新矿藏的勘探和开发正变得愈 ...

有色金属周报 20250928 供给扰动频发，价格持续上行 2025 年 09 月 28 日 ➢ 本周（09/22-09/26）上证综指上涨 0.21%，沪深 300 指数上涨 1.07%，SW 有 色指数上涨 3.56%，贵金属 COMEX 黄金+1.89%，COMEX 白银+6.92%。工业金属 LME 铝、铜、锌、铅、镍、锡价格分别变动-1.01%、+2.09%、-0.41%、-0.07%、- 0.75%、+0.57%，工业金属库存 LME 铝、铜、锌、铅、镍、锡分别变动+0.74%、- 2.20%、-10.56%、-0.40%、+0.74%、+10.78%。 ➢ 工业金属：美联储降息落地，商品供给干扰频发，伴随美国财政货币双宽松，叠 加国内"金九银十"旺季需求，工业金属价格有望继续上行。铜方面，本周 SMM 进口 铜精矿指数（周）报-40.36 美元/吨，环比增加 0.44 美元/吨，印尼格拉斯伯格铜矿因 矿泄事故全面停产近两周并且大幅下修今年产量，中国有色协会强调反对冶炼"内卷 式"竞争，供给扰动持续支撑铜价。铝方面，供应端增量有限，旺季背景下需求回暖趋 势延续，国内铝下游加工龙头企业开工率环比上升 ...

Core Viewpoint - Perpetua Resources is experiencing significant stock price growth due to its efforts to establish a domestic antimony supply chain in the U.S. through partnerships and new mining operations [1] Company Developments - Perpetua Resources' stock rose over 7% and has increased by 90% year-to-date, reaching a historical high [1] - The company is in discussions with Glencore and Trafigura to collaborate on building an antimony refining plant in the U.S. [1] - Last week, Perpetua Resources received U.S. government approval to begin construction of its antimony mine located approximately 138 miles (222 kilometers) north of Boise, Idaho [1] Industry Context - The new mine is set to become the largest source of antimony in the U.S., a critical mineral used in manufacturing bullets, solar panels, and other products [1] - Currently, there are no domestic antimony resources in the U.S., highlighting the importance of this development for national supply [1]

9月26日盛达资源大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折溢 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 价（%） | 业部 | | | 269.08 | 6215.63 | 23.10 | -0.99 | 机构专 | 中信证券股份有限公司北京亚运 | | | | | | 用 | 村证券营业部 | （文章来源：证券时报网） 证券时报·数据宝统计显示，盛达资源今日收盘价为23.33元，上涨3.73%，日换手率为5.13%，成交额为 7.95亿元，全天主力资金净流入3331.56万元，近5日该股累计上涨15.10%，近5日资金合计净流入1.44亿 元。 两融数据显示，该股最新融资余额为4.82亿元，近5日减少3311.68万元，降幅为6.42%。 据天眼查APP显示，盛达金属资源股份有限公司成立于1995年06月22日，注册资本68996.9346万人民 币。（数据宝） 盛达资源9月26日大宗交易平台出现一笔成交，成交量269.08万股，成交金额6215.63万元，大宗交易成 ...

Group 1 - The core point of the article highlights the significant trading activity of Shengda Resources, which saw a 3.73% increase in stock price, closing at 23.33 yuan on September 26 [1] - A large block trade occurred, with a total volume of 2.6908 million shares and a transaction amount of 62.1563 million yuan, indicating active institutional interest [1] - The first transaction price was 23.10 yuan, with a slight discount of -0.99% from the closing price, suggesting a strategic entry point for the buyer [1] Group 2 - Over the past three months, there has been only one block trade for this stock, with a total transaction amount of 62.1563 million yuan [1] - In the last five trading days, the stock has increased by 15.10%, indicating strong upward momentum and positive market sentiment [1] - The net inflow of main funds totaled 122 million yuan, reflecting robust institutional buying interest [1]

每经AI快讯，兴业银锡9月25日晚间发布公告称，相关担保实施后，公司及子公司的担保余额将约为 29.56亿元，占公司最近一期经审计归属于上市公司股东的净资产的37.41%。其中，公司及控股子公司 对合并报表外单位提供担保余额为2.2亿元，占公司最近一期经审计归属于上市公司股东的净资产的 2.78%。 每经头条（nbdtoutiao）——"9·24"一周年，A股总市值破116万亿元！四大变革重塑中国资本市场新生 态 （记者 曾健辉） ...

Company Overview - Zijin Mining is a large multinational mining group engaged in the exploration, development, and engineering design of metal resources such as copper, gold, zinc, lithium, silver, and molybdenum, with significant mining investment projects in 18 countries globally [1] Climate Action Commitment - In early 2023, Zijin Mining released a climate action plan aligned with the global TCFD framework, committing to peak carbon emissions by 2029 and achieve carbon neutrality by 2050, while integrating climate-related governance into its environmental management system [2] Carbon Emissions and Energy Transition - In 2024, Zijin Mining's total carbon emissions amounted to 6.99 million tons, a year-on-year decrease of 17.96%; the carbon intensity per ten thousand yuan of industrial added value dropped to 1.64 tons, a 34.9% reduction compared to the 2020 baseline [3] - The company has increased its clean energy installed capacity to 767.36 MW, with clean electricity generation reaching 564.54 GWh, a year-on-year increase of 48.21% [3] Waste Management and Environmental Restoration - Zijin Mining has developed a preliminary plan for comprehensive solid waste utilization from 2024 to 2030, achieving a water resource reuse rate of 93.46% and investing 891 million yuan in environmental facilities [4] - The company has invested 170 million yuan in ecological restoration, planting 1.655 million trees and restoring 8.026 million square meters of land [4] Green Development Achievements - Zijin Mining has established a green development framework with 12 national-level green factories and 20 green mines, promoting sustainable practices in the mining industry [4] - The company has published a biodiversity protection guideline in line with international standards, completing biodiversity status surveys at 31 mining enterprises [4] Expert Commentary - Zijin Mining has made significant achievements in environmental sustainability, aiming to enhance the global competitiveness of the mining industry through ecological restoration and resource utilization [5]

Core Insights - The report by Zhiyan Consulting analyzes the market dynamics and future trends of the non-ferrous metal smelting and rolling processing industry in China from 2025 to 2031 [1] Import Data Summary - In July 2025, China's imports of metal ores and sands reached 138.66 million tons, representing a year-on-year increase of 7.5% [1] - The import value for the same period was $22.134 billion, showing a year-on-year growth of 8.6% [1]

Investment Rating - The report maintains a "Buy" recommendation for several companies in the non-ferrous metals sector, including Zijin Mining, Luoyang Molybdenum, and Huayou Cobalt [4][5]. Core Views - The report highlights that the recent interest rate cut by the Federal Reserve is expected to support metal prices in the short term, with a structural improvement in demand anticipated during the "golden September and silver October" period in China [2][3]. - The supply disruptions in copper due to the ongoing closure of the Grasberg mine in Indonesia are contributing to a tightening market, which is expected to drive prices higher [2][3]. - The report is optimistic about cobalt and lithium prices due to supply constraints and increasing demand, particularly in the context of the upcoming holiday season and energy storage needs [3][4]. Summary by Sections Industrial Metals - The report notes that industrial metal prices are expected to rise due to the combination of U.S. monetary easing and seasonal demand in China. The SMM copper concentrate import index has shown a slight increase, indicating a tightening supply situation [2][3]. - Aluminum production has seen a slight increase, with downstream demand expected to rise as the holiday season approaches. However, there has been a recent accumulation of aluminum inventory [2][3][4]. Energy Metals - The report anticipates a significant increase in cobalt prices due to potential extensions of export bans from the Democratic Republic of Congo, alongside strong demand for lithium driven by seasonal purchasing and energy storage needs [3][4]. - The report emphasizes that both cobalt and lithium markets are experiencing strong demand growth, with expectations for price increases in the near term [3]. Precious Metals - Following the Fed's interest rate cut, the report expresses a bullish outlook on precious metals, particularly gold, which is expected to benefit from geopolitical tensions and increased central bank purchases [4][5]. - The report highlights that the recent increase in SPDR gold holdings indicates a growing interest from overseas investors, further supporting the bullish sentiment for gold prices [4][5]. Key Company Recommendations - The report recommends several companies for investment, including Zijin Mining, Luoyang Molybdenum, and Huayou Cobalt, based on their strong market positions and growth potential [4][5].