Core Viewpoint - The company is expanding its zircon-titanium business through domestic processing capabilities and international mineral rights acquisitions, which are expected to significantly support its performance in the future [1] Group 1: Domestic Operations - The company currently operates two zircon-titanium processing plants in China with an approved processing capacity of 2 million tons per year [1] Group 2: International Expansion - The company has acquired multiple zircon-titanium heavy mineral rights in Madagascar and Tanzania, enhancing its resource reserves for the zircon-titanium business [1] Group 3: Future Outlook - As the overseas zircon-titanium mines gradually commence production, the zircon-titanium business is anticipated to become a strong support for the company's performance [1]

Group 1 - Recent cross-border ETFs have shown varying degrees of premium in the secondary market, with several products announcing premium notices last week, covering themes such as US and Japanese stocks [1] - The number and scale of newly issued ETFs have reached record highs in 2025, with 320 new ETFs launched and a total issuance scale of 249.68 billion yuan, significantly surpassing previous years [2] - As of November 14, 276 new actively managed equity funds have been established this year, with a total issuance scale of 141.068 billion yuan, representing a year-on-year increase of 132.25% [3] Group 2 - Notable fund manager Li Dehui plans to invest 1 million yuan in his newly launched fund, Morgan Huiqi Growth Mixed Fund, which opened for subscription on November 17 [4] - The market experienced a weak fluctuation, with the Shanghai Composite Index down 0.46% and the Shenzhen Component Index down 0.11%, while the total trading volume in both markets was 1.91 trillion yuan, a decrease of 47.3 billion yuan from the previous trading day [5] - Rare metal ETFs collectively strengthened, with the highest increase reaching 3.68% [6] Group 3 - The tungsten price has reached a historical high due to supply contraction and an increase in long-term contract prices, with a recent adjustment of 52,000 yuan/ton, boosting market bullish sentiment [9] - A new mixed securities investment fund, China Europe Medical Biology Mixed Fund, has been launched, managed by Zhao Lei, with a performance benchmark based on the CSI Biomedicine Index and other indices [9]

Market Overview - The market is experiencing weakness with the Shanghai Composite Index opening lower and declining further, while the Shenzhen Component and ChiNext indices saw a slight reduction in their losses towards the end of the trading session [1] - There is rapid rotation of market hotspots, with the lithium battery industry chain experiencing a collective surge, the Fujian sector maintaining strength, and AI application concepts gaining momentum [1] ETF Performance - Rare metals ETFs showed significant gains, with the following performances: - 159608.SZ Rare Metals ETF increased by 3.68% - 562800.SH Rare Metals ETF rose by 3.66% - 561800.SH Rare Metals ETF Fund up by 3.22% [2] Industry Insights - Analysts suggest that the limited reserves of strategic minor metals, along with high extraction difficulties and insufficient supply elasticity, are leading to intensified supply-demand conflicts due to rapid growth in downstream demand from sectors like new energy, semiconductors, and military industry [3] - The ongoing scarcity of resources, upgrading demand structure, and policy adjustments are expected to drive rare metal prices upward, benefiting companies with resource reserves, technological barriers, and compliant export channels [3] Declining Sectors - The innovative pharmaceutical sector and gold-related ETFs have seen declines, with the following notable drops: - 589720.SH Innovative Drug ETF down by 2.7% - 159562.SZ Gold Stock ETF decreased by 2.57% [4][5] Biotechnology Developments - The biotechnology sector in China is witnessing positive developments, with multiple innovative drug companies having 35 studies selected for oral presentations at the ESMO 2025 conference, setting a new record [5] - Significant collaborations are emerging, such as the partnership between Innovent Biologics and Takeda, valued at up to $11.4 billion, reflecting global market recognition of the value of Chinese innovative drugs [5]

Core Viewpoint - Tengyuan Cobalt Industry (301219.SZ) has announced its production capacity for ternary precursors and cobalt tetroxide, indicating a positive development in its operational capabilities [1] Group 1: Production Capacity - The company’s wholly-owned subsidiary, Ganzhou Tengchi New Energy Materials Technology Co., Ltd., has achieved a production capacity of 20,000 tons for ternary precursors and 10,000 tons for cobalt tetroxide [1] - Cobalt tetroxide has already been sold externally, demonstrating the company's ability to generate revenue from this product [1] - Ternary precursors are currently in the sample submission stage, indicating that the company is in the process of securing potential customers [1]

（责任编辑：康博） 中国经济网北京11月17日讯 中矿资源(SZ:002738)今日股价涨停，截至收盘报69.08元，涨幅 10.00%，总市值498.41亿元。 ...

Market Overview - The A-share market experienced a decline across the board, with the Shanghai Composite Index falling by 0.46% to close at 3972.03, the Shenzhen Component Index down by 0.11% at 13202.00, and the ChiNext Index decreasing by 0.20% to 3105.20 [1][2] - The total trading volume in the Shanghai and Shenzhen markets was 19,303 billion, a decrease of 501 billion from the previous day [1] Sector Performance - The military, energy metals, and Fujian sectors showed gains, while precious metals and photovoltaic sectors underwent adjustments [1] - The rare metals sector led the gains, with ETFs such as the Jiashi Fund Rare Metals ETF and the Guangfa Fund Rare Metals ETF both rising by 3.6% [3] - The software sector also performed well, with the Huazhang Fund Software ETF and the Southern Computer ETF increasing by 2.56% and 2.42%, respectively [3] - AI hardware stocks rebounded, with various AI ETFs rising by 2.2% [3] - Conversely, the innovative drug sector declined, with the Guotai and Huitianfu ETFs dropping by 2.7% and 2.58% [3] - Gold stocks experienced a broad pullback, with gold stock ETFs falling by 2.57% and 2.4% [3]

Group 1 - The core viewpoint of the news highlights a significant increase in lithium carbonate futures, with a peak rise of 8% and a closing increase of 7.24%, reaching 93,660 yuan/ton, which has positively impacted related lithium mining sectors [1] - The China Automotive Power Battery Industry Innovation Alliance reported that in October, the domestic power battery installation volume reached 84.1 GWh, a month-on-month increase of 10.7% and a year-on-year increase of 42.1%, with lithium iron phosphate batteries accounting for 80.3% of the total [2] - The new energy vehicle market is experiencing a consumption peak due to the adjustment of the vehicle purchase tax and the traditional year-end sales season, with October's production and sales of new energy vehicles reaching 1.772 million and 1.715 million units, respectively [2] Group 2 - The CSI Rare Metals Theme Index (930632) has shown strong performance, with a 2.91% increase, and its top ten weighted stocks account for 60% of the index, including companies like Northern Rare Earth and Ganfeng Lithium [3][5] - The recent demand for lithium salts is expected to grow due to the new energy storage installation target of 180 GW by 2027, as outlined in the National Development and Reform Commission's action plan [2] - The Rare Metals ETF (561800) has risen by 3.11%, reflecting the overall performance of the rare metals sector, which includes mining, smelting, and processing companies [1][5]

有分析认为，战略小金属储量有限、开采难度大且供给弹性不足，同时新能源、半导体、军工等下游需求快速 增长，供需矛盾加剧。在资源稀缺性持续凸显、需求结构升级及政策调控下，未来稀有金属价格有望延续上行 趋势，具备资源储量优势、技术壁垒及合规出口渠道的企业将持续受益。 （文章来源：每日经济新闻） 受盘面影响，稀有金属ETF涨约3%。 | 代码 | 名称 | 现价 | | 涨跌 涨跌幅 ▼ | | --- | --- | --- | --- | --- | | 159608 | 稀有金属ETF | 1.036 | 0.031 | 3.08% | | 562800 | 稀有金属ETF | 0.901 | 0.026 | 2.97% | | 561800 | 稀有金属ETF基金 | 0.960 | 0.027 | 2.89% | | 159671 | 稀有金属ETF基金 | 1.259 | 0.033 | 2.69% | 稀有金属概念股全天走强，天齐锂业、中矿资源涨超9%，盐湖股份涨超6%，华友钴业涨超3%。 ...

Market Overview - The three major A-share indices collectively declined, with the Shanghai Composite Index down 0.43%, the Shenzhen Component Index down 0.35%, and the ChiNext Index down 0.80% [1] - The North China 50 Index increased by 0.57% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 12,782 billion yuan, an increase of 314 billion yuan compared to the previous day [1] - Over 2,300 stocks in the market experienced gains [1] Sector Performance - The military, energy metals, and Hainan sectors showed gains, while precious metals and photovoltaic sectors underwent adjustments [1] - In the ETF market, the rare metals sector rose, with both the Harvest Fund Rare Metals ETF and the GF Fund Rare Metals ETF increasing by 3% [1] - Military stocks continued their upward trend from last Friday, with the Huaan Fund Aerospace ETF and the Huaxia Fund Aerospace ETF rising by 2.2% and 1.97%, respectively [1] - The software sector strengthened, with the Huaan Fund Software ETF and the E Fund Software ETF both increasing by 2% [1] ETF Performance - The Nikkei 225 ETF, which had the highest premium rate, fell by 3%, with the latest premium/discount rate at 6.24% [1] - Gold stocks experienced a broad decline, with the Gold Stock ETF and Gold Stocks ETF dropping by 2.8% and 2.53%, respectively [1] - The pharmaceutical sector weakened, with the Kexin Innovative Drug ETF from Guotai and the Kexin Innovative Drug ETF from Huitianfu decreasing by 2.7% and 2.46%, respectively [1]

A股早盘走势分化，稀有金属板块表现亮眼。天华新能涨超11%，盛新锂能、中矿资源涨超9%，天齐锂 业、融捷股份、永兴材料涨超7%。 受盘面影响，稀有金属ETF（562800）早盘涨超3%。 值得注意的是，今年以来，稀有金属板块强势爆发，稀有金属ETF（562800）目前已连涨7个月，并持 续受资金追捧。Wind数据显示，近半年（截至11月16日），稀有金属ETF（562800）份额增加了22.66 亿份，累计净流入资金逾17亿元，最新规模超35亿元。 （文章来源：每日经济新闻） 有券商表示，在全球货币宽松周期、资源战略地位提升及新旧产业转型共振下，有色金属进入供需紧平 衡驱动的新周期，走势相对独立。此外，战略小金属储量有限、开采难度大且供给弹性不足，同时新能 源、半导体、军工等下游需求快速增长，供需矛盾加剧。在资源稀缺性持续凸显、需求结构升级及政策 调控下，未来稀有金属价格有望延续上行趋势，具备资源储量优势、技术壁垒及合规出口渠道的企业将 持续受益。 资料显示，稀有金属ETF（562800）跟踪中证稀有金属主题指数，该指数选取不超过50家业务涉及稀有 金属采矿、冶炼和加工的上市公司证券作为指数样本，以反映稀有金 ...