Core Viewpoint - The company is leveraging technological advancements to transform industrial solid waste into high-value resources, focusing on the development of nano-rare earth materials and the integration of the entire industry chain from copper smelting slag to high-end copper-nickel alloys [1][4][5]. Group 1: Green Transformation and Economic Development - The company is positioned to support the green transformation of traditional industries and the strategy of becoming a manufacturing powerhouse by establishing a green circular economy and achieving self-sufficiency in key materials [1]. - The company has successfully developed a composite process for deep impurity removal and performance improvement of nano materials, turning industrial solid waste into valuable resources [4]. Group 2: High-Temperature Alloy Material Breakthrough - The company has innovatively nano-sized rare earth materials such as lanthanum, cerium, and yttrium, integrating them into the copper-nickel alloy production process, which has significantly improved the performance of these alloys [5]. - The advancements have led to enhanced corrosion resistance, high-temperature strength, and fatigue toughness, achieving industry-leading performance metrics [5]. Group 3: Collaborative Ecosystem and Industrial Integration - The company is creating a collaborative network for resource utilization by partnering with upstream and downstream players in the industry, exemplifying a three-dimensional binding model of resource assurance, technological collaboration, and industry chain integration [4]. - The company is actively involved in regional and national industrial development, contributing to the establishment of a new materials industry cluster and supporting the "waste-free city" initiative [6][7]. Group 4: Future Directions - The company aims to continue focusing on the integration of solid waste resource utilization and high-end material innovation, aligning with national strategic needs [7]. - The company plans to enhance its technological capabilities, complete its industry chain, and foster an open collaborative ecosystem to support industry progress and national strategy implementation [7].

企查查APP显示，近日，广西关键金属产业发展集团有限公司成立，法定代表人为罗勇，注册资本约为 42亿元，经营范围包含：非煤矿山矿产资源开采；矿产资源勘查；选矿；常用有色金属冶炼；贵金属冶 炼等。企查查股权穿透显示，该公司由广西北部湾国际港务集团有限公司、广西关键金属专项股权投资 基金合伙企业（有限合伙）共同持股。 （原标题：广西关键金属产业发展集团公司成立，注册资本42亿） ...

Core Viewpoint - The current market for tin futures is influenced by macroeconomic factors, policy changes, and industry dynamics, with a focus on the upcoming U.S. non-farm payroll data and its impact on interest rate expectations [2][3]. Group 1: Market Performance - Overnight, London tin prices fell by 1.17%, closing at $49,230, a decrease of $585, with a trading volume of 460 contracts and an open interest increase of 5 contracts [1]. - In contrast, the domestic Shanghai tin futures market saw a significant rise, with the main contract closing at 386,250 CNY/ton, up 4,050 CNY, reflecting a 1.06% increase [1]. Group 2: Supply and Demand Dynamics - The supply side is experiencing a contraction due to domestic smelters entering maintenance ahead of the Spring Festival, leading to tight circulation of refined tin and high premiums, while overseas supply remains stable [2]. - Demand from downstream sectors such as electronics and photovoltaics is tapering off as pre-holiday stockpiling concludes, resulting in limited overall support for prices, although some replenishment is still occurring [2]. Group 3: Inventory and Market Sentiment - Global tin inventories are at low levels, maintaining a tight supply situation that supports prices [2]. - The market sentiment is characterized by a "weak external, strong internal" dynamic, with short-term price expectations fluctuating between 387,000 and 392,000 CNY/ton, indicating a potential for continued upward movement in the overall metal market [3]. Group 4: Strategic Recommendations - The company suggests adopting a cautious and defensive strategy with light positions, focusing on tin, nickel, and silver, which are in a tight supply-demand balance, while also considering longer-term investments in gold and copper due to expected liquidity easing and industrial upgrades [3].

伦敦金属交易所（LME）发布2026年1月按产地划分的金属库存月度报告（单位：吨）： | +111744 | S | 5 | nna in | S | 5 | S | 2 | C | U, JUV | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 中国台湾 | 0 | 0 | 9, 950 | 0 | 0 | 0 | 0 | 0 | 9, 950 | | 泰国 | 0 | 0 | 75 | 0 | 0 | 0 | 0 | 5 | 80 | | 阿联酋 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 英国 | 0 | 0 | 11, 675 | 0 | 606 | 0 | 0 | 0 | 12, 281 | | 美国 | 0 | 0 | 125 | 0 | 0 | 0 | 0 | 0 | 125 | | 乌克兰 | 0 | 0 | 50 | 0 | 0 | 0 | 0 | 0 | 50 | | 委内瑞拉 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 赞比亚 | 0 ...

目前，镓在全球科技和军事领域的应用无疑极为广泛。 镓经氮气和砷处理后可制成高性能半导体基板；在芯片领域，镓能承受高电流，且 比硅更耐高温和潮湿。除手机和笔记本电脑外，卫星也使用镓材料保护元件免受太空辐射的影响。 中国在镓生产领域拥有近乎绝对的优势地位，占全球原生产量的逾90%。而随着全球镓供需形势愈发趋紧，美国政府眼下也正表现出前所未 有的"紧迫感"。 过去几个月，美国政府已向美国本土及海外的工厂投入数亿美元，寻求建立自身的镓供应链，以减少对进口的依赖，并试图通过"海外布 局、跨国合作、国内回收"三管齐下的"掘镓"策略，彻底重塑全球镓供应链。 这些推动镓生产的举措是特朗普政府为国防、汽车和技术产业确保稀土及关键矿产努力的一部分。这些努力还包括提供数十亿美元的融资， 并帮助美国建立锂、钴和镍等产品的战略储备。 海外布局 特朗普政府重点扶持的项目之一位于西澳大利亚州(澳大利亚最大州)的Wagerup。自1980年代起，美国铝业公司在此运营的精炼厂通过处 理铝土矿生产氧化铝。由于铝土矿中含有微量镓元素，该公司计划新建工厂进行提取。 镓是一种奇特的银白色金属，熔点低到能在手掌中融化。而在过去两年，国际市场上镓价的涨势 ...

2月10日，镓是一种奇特的银白色金属，熔点低到能在手掌中融化。而在过去两年，国际市场上镓价的 涨势，也几乎轻而易举就"燃烧"到了沸点。 行情数据显示，过去两年间，国际基准的鹿特丹低纯度镓价已上涨了近三倍。根据Argus Media的数 据，今年1月平均价格创下每公斤约1572美元的历史新高。 目前，镓在全球科技和军事领域的应用无疑极为广泛。镓经氮气和砷处理后可制成高性能半导体基板； 在芯片领域，镓能承受高电流，且比硅更耐高温和潮湿。除手机和笔记本电脑外，卫星也使用镓材料保 护元件免受太空辐射的影响。 中国在镓生产领域拥有近乎绝对的优势地位，占全球原生产量的逾90%。而随着全球镓供需形势愈发趋 紧，美国政府眼下也正表现出前所未有的"紧迫感"。 过去几个月，美国政府已向美国本土及海外的工厂投入数亿美元，寻求建立自身的镓供应链，以减少对 进口的依赖，并试图通过"海外布局、跨国合作、国内回收"三管齐下的"掘镓"策略，彻底重塑全球镓供 应链。 这些推动镓生产的举措是特朗普政府为国防、汽车和技术产业确保稀土及关键矿产努力的一部分。这些 努力还包括提供数十亿美元的融资，并帮助美国建立锂、钴和镍等产品的战略储备。 海外布局 ...

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 来源：期货日报 早上好，先来关注下国际市场。 今晨7：00开盘，现货白银价格一度涨逾2.4%，报79.7美元/盎司。 摩根大通在此前发布的技术策略报告中表示，金、银、铜等金属品种在未来几周都将进入"盘整期"。然 而，这并非"牛市"终结。 在摩根大通全球市场策略团队分析师Jason Hunter看来，当前的调整是长期上涨趋势中的必要休整。对 于精明的交易者而言，关键的博弈点在于"分化"：相比于黄金典型的"冲高回落"形态，基本金属（尤其 是铜）得益于全球制造业周期的支撑，其基本面逻辑更为坚实，预计将在二季度先于黄金开启反弹。 美国财政部长：预计美联储不会迅速采取行动缩减资产负债表 美国财政部长贝森特昨日表示，他预计美联储不会迅速采取行动缩减资产负债表，即便是在被提名为美 联储主席的沃什领导下也是如此。 贝森特表示，美联储可能需要长达一年的时间来对资产负债表做出决定。沃什将是一位非常独立的美联 储主席。 "至于如何处理资产负债表，将由美联储自行决定。如果他们转向'充足准备金'政策，我不认为他们会 迅速采取行动，因为这确实需要更大规模的资产负债表。所以 ...

你听说过比黄金还贵的金属吗？在冷战时期，钛就是这样的存在。美国造最尖端的黑鸟侦察机要用它，苏联造能潜深海的核潜艇也要用它，为了搞到点钛， CIA甚至得开皮包公司去苏联偷偷买。那时候的钛，是真正的"贵族金属"，普通人根本摸不着。 可你猜怎么着？现在我们中国人，竟然拿它来造炒菜锅、保温杯、眼镜架！这事还被一些西方媒体吐槽"浪费"，说我们把战略金属用在了"不恰当"的地方。 嘿，这话听着是不是有点酸？ 但问题来了，这么牛的金属，凭啥以前只能打仗用，现在就能下厨房？这背后，藏着中国制造一个特别解气的逆袭故事。 简单说，钛这家伙，简直是材料界的"六边形战士"。 它比铝结实，比钢轻，而且耐腐蚀性超强。有个夸张的说法：一块钛扔海里泡100年，捞出来擦擦，跟新的差不多。所以飞机、潜艇这些既要轻又要扛极端 环境的东西，非它不可。 更神的是，它跟人体特"合得来"，直接植入骨头里都不会排异，是造人造关节的完美材料。 但中国人最擅长的，就是突破封锁。从国家到科研人员咬牙攻坚，愣是搞出了自己的低成本大规模冶炼技术。结果呢？ 产量一路狂飙。到2023年，中国海绵钛产量占了全球60%以上，比其他国家加起来都多！当咱们掌握了从采矿到成品的全链 ...

Investment Rating - The investment rating for the non-ferrous metals industry is "Positive" (maintained) [4] Core Views - The report indicates that copper prices may experience short-term fluctuations due to inventory accumulation, with recent price changes of -4.02% for LME copper, -3.45% for SHFE copper, and -1.33% for COMEX copper. The report anticipates a decrease in price volatility and potential high-level fluctuations in the near term [5] - The report highlights that the Chinese Nonferrous Metals Industry Association is considering including copper concentrate in national reserves, which could positively impact copper prices in the medium to long term [5] - For aluminum, the report notes that inventory accumulation may lead to short-term price fluctuations, with SHFE aluminum prices dropping by 7.74% to 23,400 CNY/ton and LME aluminum prices down by 2.20% to 3,063 USD/ton [5] - Lithium demand remains strong despite seasonal trends, with a potential reversal in supply-demand dynamics for lithium carbonate, suggesting a possible upward price trend [5] - Cobalt raw material tightness persists, with a recommendation to monitor downstream replenishment after the Spring Festival [5] Summary by Sections 1. Industry Overview - The report provides macroeconomic insights, including a better-than-expected ISM manufacturing PMI in the US for January at 52.6, and lower-than-expected ADP employment figures [9] - The overall performance of the non-ferrous metals sector shows a decline, with the Shenwan non-ferrous sector down 8.51%, underperforming the Shanghai Composite Index by 7.24 percentage points [11] 2. Industrial Metals 2.1 Copper - LME copper prices fell by 4.02%, SHFE copper by 3.45%, and COMEX copper by 1.33%. Inventory levels increased, with LME copper stocks up 4.74% and SHFE copper stocks up 6.83% [24] 2.2 Aluminum - LME aluminum prices decreased by 2.20%, while SHFE aluminum prices dropped by 7.74%. The report notes a significant increase in SHFE aluminum inventory by 13.09% [34] 2.3 Lead and Zinc - LME lead prices fell by 2.82%, and SHFE lead prices decreased by 3.05%. LME zinc prices dropped by 1.93%, with SHFE zinc prices down by 6.95% [45] 2.4 Tin and Nickel - LME tin prices decreased by 13.93%, and SHFE tin prices fell by 18.32%. LME nickel prices dropped by 3.71%, while SHFE nickel prices decreased by 8.98% [56] 3. Energy Metals 3.1 Lithium - Lithium prices saw a significant decline, with lithium carbonate down 16.20% to 134,500 CNY/ton and lithium hydroxide down 16.14% to 132,500 CNY/ton [73] 3.2 Cobalt - The report notes a decrease in MB cobalt prices by 0.19% to 25.88 USD/pound, with domestic cobalt prices down 9.60% to 405,000 CNY/ton [85]

中国材料科技再迎重磅突破！超纯铁研发成功打破美日技术垄断，继高端芯片后，又在高精尖材料领域迈出关键一步，实现了关键材料的自主可控。 超纯铁因超高纯度，能满足芯片、高端装备等多领域高精尖需求，此前长期依赖进口。 如今我国不仅攻克技术，还在产能和成本上实现逆袭，将推动制造业、航空航天等多领域质的飞跃，也为科技自主创新注入新动力。 西方专家感慨：中国如今炼出99.9992%超纯铁，美日垄断被彻底终结了！ 中国在超纯铁领域的技术突破，起初并不被人看好，因为这一领域长期被欧美日等国家牢牢控制。 最终，通过这套复杂的工艺，成功将4N级纯铁的纯度提升至99.9992%，即十万吨铁中仅含8公斤杂质。 这一技术，标志着中国在超纯铁生产上的技术水平已达国际领先水平。 超纯铁的制备难度极高，尤其是在5N级（99.999%）以上的超纯铁，其工艺复杂、设备要求极高，甚至连欧美一些顶级实验室也未必能稳定生产。 但中国科学家通过不断的攻关，终于突破了这一技术壁垒。 我国采用的核心技术包括火法冶金提纯和区熔提纯技术。 在火法冶金工艺中，4N级（99.95%纯度）的纯铁，通过高温冶炼和化学反应，去除其中的杂质，制得较高纯度的铁。 这一技术我国 ...