Zijin Mining, China’s biggest metal miner, raised its targeted gold output nearly a third by 2028, as prices of the precious metal remain elevated https://t.co/gEDcEWPyaU ...

巴西矿业协会（Ibram）最新数据显示，巴西矿业行业2025年实现营业收入约 2988亿雷亚尔（约合569 亿美元），同比增长 约10.3%，主要受国际贵金属价格大幅上涨带动。 尽管铁矿石仍是行业的主要收入来源，占总收入的约52.6%，但其营收略有下降，但贵金属和基本金属 表现强劲。数据显示，黄金收入同比大增64.8%至约393亿雷亚尔（约75亿美元），铜收入同比增长 50.1%至约304亿雷亚尔（约58亿美元）。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 行业分析指出，价格因素是黄金和铜收入大幅提升的关键。国际贵金属价格在2025年持续上涨，其中黄 金价格一度超过每盎司4000美元，全年平均收于4289美元附近，显著高于上年水平。这一价格走势提升 了相关矿产品的出口收益和企业利润水平。 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源 ...

公司规划，到2028年，公司的资源储量、主要矿产品产量、销售收入、资产规模、利润等综合指标排名 进一步提升，铜、金矿产品产量进入全球前3位，全面建成高度适配且具有紫金特色的全球化运营管理 体系和ESG可持续发展体系;力争到2035年，公司主要指标较2025年实现跨越式增长，部份指标达到全 球首位，全面建成"绿色高技术超一流国际矿业集团"。 紫金矿业（601899）(02899)发布公告，2026年2月8日，公司召开第九届董事会2026年第4次临时会议， 会议审议通过《公司三年(2026—2028年)主要矿产品产量规划和2035年远景目标纲要》，明确未来3年 主要矿产品产量规划指标，并提出至2035年全面建成"绿色高技术超一流国际矿业集团"的远景目标。 ...

紫金矿业2月9日早间公告，2026年2月8日，公司召开第九届董事会2026年第4次临时会议，会议审议通 过《公司三年（2026-2028年）主要矿产品产量规划和2035年远景目标纲要》，明确未来三年主要矿产 品产量规划指标，并提出至2035年全面建成"绿色高技术超一流国际矿业集团"的远景目标。其中，矿产 金2026年105吨，2028年130-140吨。 | | | 2025 年 | 2026 年 | 2028 年 | | --- | --- | --- | --- | --- | | 矿产金 | 中 | 90 | 105 | 130-140 | | 矿产铜 | 万吨 | 109 | 120 | 150-160 | | 矿产银 | 庫 | 437 | 520 | 600-700 | | 矿产锌/铅 | 万吨 | 40 | 40 | 40-45 | | 当量碳酸锂 | 万吨 | 2. 5 | 12 | 27-32 | | 矿产铝 | 万吨 | 1. 1 | 1.5 | 2.5-3.5 | ...

Core Viewpoint - The current commodities cycle is characterized by a significant supply shortage, differing from the previous cycle driven by China's growth. Precious metals like silver, platinum, and palladium are experiencing unique dynamics due to their supply-demand fundamentals and geopolitical factors [2][3]. Supply and Demand Dynamics - The average mine takes over 15 years to develop from discovery to production, leading to long cycles in commodities. Current supply deficits for silver and platinum have persisted for five and three years, respectively, indicating strong demand [2][3]. - Precious metals have shown resilience amid geopolitical uncertainties, with silver, platinum, and palladium outperforming gold in the previous year before experiencing a recent selloff [3]. Investment Strategies - Financial advisors recommend that gold should form the foundation of precious metal investments, comprising at least 50% of the allocation, with silver, platinum, and palladium added in smaller amounts based on risk tolerance [8][11]. - The volatility of silver, platinum, and palladium necessitates closer monitoring and rebalancing of portfolios compared to gold, which is viewed as a more stable investment [6][12]. Market Characteristics - Silver is often referred to as "poor man's gold" and has industrial applications that influence its price, while platinum and palladium are primarily used in industrial applications like catalytic converters [5]. - The markets for silver, platinum, and palladium are smaller and more prone to price swings, making them more volatile than gold [6]. Investment Vehicles - Most advisors prefer using exchange-traded funds (ETFs) for precious metals investments due to compliance risks associated with physical metals. However, some clients opt for physical metals for peace of mind [13]. - Investing in gold mining stocks is considered more straightforward than for silver, platinum, and palladium, which have fewer publicly traded pure-play miners [14][15].

基本面重点事件: 1)配额事件:印尼仍在审批,窗口期的不确定性依然较大。印尼表示镍矿配额目标或削减至 2.5- 2.6 亿吨银矿配额,目前仍在陆续审批过程,部分企业拿到配额,但已拿到的配额量暂时低于往年。从产 业的想法来看,若矿端采取激进的"一刀切"方式,易于激化与下游外资冶炼企业的矛盾,鉴于往年印尼 仍有调整空间,产业对于印尼政策仍有观望情绪。就资金想法而言,主要站在长线周期的角度,因为印尼 防止过剩和挺价的心态是明确的,前期低价矿吸引冶炼的红利周期结束,在冶炼瑞产能过剩后,政策面则 有望出现周期性特向,叠加迈期各类资源利用规范事件的犹动、进一步增强了信心。同时,如果 1-12 月 目标配额落地,那么矿端紧缺可能倒逼冶炼端减产,从而将过剩预期扭转为紧缺,并对存量的高库存形成 冲击。因此,高价与累库并存的局面,实则是二级和产业双方在印尼政策预期上形成分歧,两种资金在盘 面形成对垒博弈。短线主要是有色宏观情绪阶段性转淡,节前部分投机属性资金离场,但是印尼政策的博 弈并未结束。 2026年2月8日 月检修减产频出。 成本支撑重 投资咨询从业资格号:Z0021479 张再宇 zhangzaiyu@gtht.com ...

Core Insights - The iShares MSCI Global Silver and Metals Miners ETF (SLVP) and SPDR Gold Shares (GLD) have distinct risk profiles, asset management sizes, and performance histories, with SLVP focusing on volatile silver miners and GLD tracking physical gold bullion [1][2] Cost & Size - SLVP has an expense ratio of 0.39% and AUM of $1.4 billion, while GLD has an expense ratio of 0.40% and AUM of $188.9 billion [3] - The one-year return for SLVP is 187.2%, compared to GLD's 72.4%, and SLVP offers a dividend yield of 1.6%, whereas GLD does not [3][4] Performance & Risk Comparison - Over five years, SLVP experienced a maximum drawdown of -55.56%, while GLD had a maximum drawdown of -21.03% [5] - An investment of $1,000 in SLVP would grow to $2,112 over five years, while the same investment in GLD would grow to $2,554 [5] Fund Composition - GLD is designed to track the price of physical gold, providing a straightforward investment without the need for physical storage or insurance, and is one of the largest and most liquid ETFs globally [6] - SLVP invests exclusively in mining companies, including major holdings like Hecla Mining and First Majestic Silver Corp, leading to more volatile returns due to sensitivity to silver prices and operational risks [7] Investor Considerations - Both SLVP and GLD offer exposure to precious metals but cater to different investor priorities based on their risk tolerance and investment strategy [9]

China's industrial ecosystem to mine and process rare earths has secured the country's dominance in the market. Is there any prospect of the US entering the arena in a way that's actually competitive?@heidirediker tells @thestalwart and @tracyalloway yes. She joins the Odd Lots podcast to discuss the resources we have right now, and the technologies and policies that could help the US catch up https://t.co/qoGXjc1GMM ...

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of securities of Ramaco Resources, Inc. for the period between July 31, 2025, and October 23, 2025, due to alleged misleading statements regarding the company's mining activities [1][5]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period, Ramaco Resources made materially false statements and failed to disclose that significant mining activity had not commenced at the Brook Mine, and no active work was taking place, leading to an overstatement of development progress [5]. - Investors are entitled to compensation without any out-of-pocket fees through a contingency fee arrangement if they purchased Ramaco securities during the Class Period [2]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting the law firm directly. A lead plaintiff must be appointed by March 31, 2026 [3][6]. - It is noted that no class has been certified yet, and investors may choose to remain absent or select their own counsel [7]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 alone [4]. - The firm has been recognized for its success in securities class action settlements and has a history of representing investors globally [4].

Core Insights - The mining industry is cyclical and capital intensive, with the best companies being profitable and diversified to withstand market fluctuations [1][2] Group 1: TMC The Metals Company - TMC The Metals Company focuses on deep-sea mining, specifically collecting polymetallic nodules from the Pacific Ocean to process into battery-grade metals [3][5] - Each nodule contains significant quantities of nickel, cobalt, copper, and manganese, which are essential for electric vehicle batteries [5] - TMC has a market cap of $2.7 billion, with a current price of $0.74 and a 52-week range of $1.57 to $11.35 [6][7] - The company is currently pre-revenue, relying on future commercialization prospects [8] Group 2: MP Materials - MP Materials operates the Mountain Pass mine in California, the only large-scale rare-earth mine in the U.S. and the second-largest globally [9][10] - The company plays a critical role in the U.S. rare-earth supply chain, mining elements like neodymium and praseodymium and processing them into permanent magnets [11] - MP has a market cap of $11 billion, with a current price of $61.35 and a 52-week range of $18.64 to $100.25 [10] - In July 2025, MP received a $400 million investment from the Department of Defense and formed a $500 million partnership with Apple [12] Group 3: USA Rare Earth - USA Rare Earth aims to establish a domestic supply chain for rare-earth metals, controlling the Round Top Mountain deposit in Texas [13][14] - The company is in the process of building its mine and magnet manufacturing facilities, having raised approximately $3.1 billion in funding [14] - USA Rare Earth is also pre-revenue, with its Round Top mine expected to be operational by late 2028 [15]