Group 1 - The mining ETF (561330) saw an intraday increase of over 2%, with a net inflow of over 800 million yuan in the past 20 days, surpassing a total scale of 2 billion yuan [1] - Western Securities noted that the imbalance in inventory regions and the internal competition in smelting are pushing copper prices higher, with supply disruptions and potential acceleration of "anti-involution" in the smelting sector driving price breakthroughs [1] - In the aluminum industry, there is an oversupply and severe internal competition in the alumina sector, prompting the National Development and Reform Commission to encourage mergers and reorganizations among major alumina enterprises, which will accelerate the integration of the industry chain and improve market supply-demand balance in the long term [1] Group 2 - The mining ETF (561330) tracks the non-ferrous metals index (931892), which selects securities from companies involved in the development of copper, aluminum, lead-zinc, and rare metals to reflect the overall performance of the non-ferrous metal mining industry [1] - According to Wind data, the mining ETF (561330) ranked third in overall market ETF performance for the year 2025, with a year-to-date increase of 106.11%, making it the top performer among ten ETFs in the non-ferrous sector [2]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 西藏华钰矿业股份有限公司（以下简称"公司"）董事会于2026年1月12日向全体董事和高级管理人员以 书面、电子等方式发出了会议通知和会议材料。 本次会议于2026年1月15日在公司北京分公司会议室以现场会议和电话会议相结合的形式召开。本次会 议由公司董事长刘良坤先生主持，会议应到董事9人，实到董事9人，公司高级管理人员列席了本次会 议。本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法律、行政法规、部门规章、 规范性文件及《西藏华钰矿业股份有限公司章程》的规定。 二、董事会会议审议情况 经认真审议研究，与会董事以记名投票的方式通过了以下决议： （一）审议并通过《关于公司拟向光大银行拉萨分行贷款的议案》 为保障公司正常经营，同意公司向中国光大银行股份有限公司拉萨分行申请综合授信金额不超过人民币 10,000万元，借款利率执行最新一期中国人民银行公布的一年期贷款LPR利率，借款期限为12个月（按 实际放款日期为准），公司实际控制人刘建军及配偶提供连 ...

Core Viewpoint - The company aims to mitigate the adverse effects of commodity price fluctuations and foreign exchange risks on its operations by utilizing hedging strategies to enhance risk defense capabilities and ensure stable operations [1][2] Group 1: Hedging Strategies - The company employs financial instruments for hedging related to its production and operational activities, focusing on products and raw materials [1] - For smelting and trading enterprises, profit is locked in through hedging, with unhedged portions managed under exposure limits; smelting enterprises have a maximum exposure of 25% for copper and zinc, and 50% for gold and silver [1] - Trading enterprises are required to match hedging positions with the exposure of goods pricing, with a maximum limit not exceeding authorized quotas [1] Group 2: Mining Enterprises - Mining enterprises will hedge based on the annual production plan for mineral products, with a maximum hedging position of 5% of the annual planned production for copper, zinc, gold, and silver [1] - The maximum hedging position for lithium carbonate will be determined by the company's financial committee based on market conditions within the board's authority [1] Group 3: Foreign Exchange Risk Management - The board authorizes the financial committee to dynamically adjust the hedging scale based on the total foreign exchange exposure for non-functional currency assets and liabilities, as well as for foreign exchange transactions with clear payment plans due to mergers, dividends, and procurement [2] - The amount of foreign exchange derivatives held must not exceed the actual foreign exchange exposure [2]

Group 1 - The mining ETF (561330) has seen a net inflow of nearly 600 million yuan over the past 10 days, indicating strong support from the copper and aluminum supply-demand fundamentals [1] - Capstone Copper Corp's Mantoverde copper mine in Chile will face a strike starting January 2, involving about 22% of the total workforce, which may impact copper production in 2026 if the strike continues [1] - The expected copper production from the Mantoverde mine for 2025 is between 29,000 to 32,000 tons, and the ongoing strike may exacerbate the tight copper supply situation in 2026 [1] Group 2 - The mining ETF (561330) tracks the non-ferrous metals index (931892), which includes companies involved in the development of copper, aluminum, lead, zinc, and rare metals [2] - According to Wind data, the mining ETF (561330) has a year-to-date increase of 106.11% in 2025, ranking first among non-ferrous ETFs and third among all market ETFs [2] - The ETF has a higher concentration of assets in gold, copper, and rare earths, indicating a strong performance in the non-ferrous metals sector [2]

Core Viewpoint - The mining ETF (561330) has seen a net inflow of over 570 million yuan for 10 consecutive days, indicating a potential continuation of the positive trend in the non-ferrous metal sector as it stabilizes [1] Industry Summary - The non-ferrous metal industry is facing multiple opportunities due to a globally loose liquidity environment that supports metal prices [1] - Rapid development in emerging fields such as artificial intelligence and high-end equipment manufacturing is expected to accelerate the growth in demand for non-ferrous metals [1] - The upward trend in geopolitical security premiums is likely to lead to a reassessment of commodity prices, with major countries elevating the strategic importance of key minerals [1] - China's initiatives to promote the storage of rare earths further enhance the strategic value of resource products [1] Precious Metals Summary - In the precious metals sector, a loose monetary environment combined with expanding cracks in U.S. dollar credit and ongoing high debt levels has resulted in gold prices exhibiting characteristics of being easy to rise but difficult to fall [1] ETF Performance Summary - The mining ETF (561330) tracks the non-ferrous mining index (931892), which selects securities from companies involved in the development of mineral resources such as copper, aluminum, lead, zinc, and rare metals [1] - According to Wind data, the mining ETF (561330) is projected to have the third-highest annual growth among all market ETFs in 2025, and the highest among non-ferrous ETFs, with a higher concentration of "gold + copper + rare earths" [1]

Group 1 - Hunan Silver shares increased by 5.19%, reaching 8.31 CNY per share, with a trading volume of 1.67 billion CNY and a turnover rate of 0.87%, resulting in a total market capitalization of 23.46 billion CNY [1] - Hunan Silver Co., Ltd. is located in Chenzhou, Hunan Province, and was established on November 8, 2004. It was listed on January 28, 2014. The company primarily engages in the mining, smelting, and deep processing of non-ferrous metals such as silver, lead, and zinc, forming an integrated production system and full industry chain layout [1] - The main business revenue composition is 99.87% from non-ferrous metals and their products, with other sources contributing 0.13% [1] Group 2 - The Tongtai Huiying Mixed A Fund (008178) holds 105,100 shares of Hunan Silver, accounting for 4.7% of the fund's net value, making it the ninth largest holding [2] - The fund has a total scale of 5.09 million CNY and has achieved a return of 10.22% this year, ranking 523 out of 9012 in its category. Over the past year, it has returned 49.15%, ranking 2175 out of 8157 [2] Group 3 - The fund manager of Tongtai Huiying Mixed A is Wang Xiu, who has been in the position for 1 year and 349 days. The total asset scale of the fund is 748 million CNY, with the best return during his tenure being 179.12% and the worst being 37.06% [3]

Group 1 - The core viewpoint of the news highlights the significant trading activity and financial performance of Hunan Silver, indicating a strong market presence and investor interest [1][2] - On January 9, Hunan Silver's stock price increased by 2.20%, with a trading volume of 1.736 billion yuan. The net financing purchase on that day was 60.86 million yuan, with a total financing balance of 920 million yuan, representing 5.00% of the circulating market value [1] - The company has a comprehensive production system and full industry chain layout, focusing on the mining, smelting, and deep processing of non-ferrous metals such as silver, lead, and zinc, with 99.87% of its revenue coming from non-ferrous metals and their products [1] Group 2 - As of September 30, the number of shareholders of Hunan Silver reached 153,400, an increase of 74.39% from the previous period, while the average circulating shares per person decreased by 43.11% [2] - For the period from January to September 2025, Hunan Silver achieved an operating income of 8.594 billion yuan, a year-on-year increase of 59.56%, and a net profit attributable to shareholders of 159 million yuan, up 28.44% year-on-year [2] - The company has distributed a total of 162 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]

Group 1 - The State Intellectual Property Office of China has granted a patent for a "pipe bus arrangement method and system" to China Huaye Engineering Group Co., Ltd. and Tianjin Huaye Engineering Design Co., Ltd., with the announcement number CN114818209B and an application date of March 2022 [1] - China Huaye Engineering Group Co., Ltd., established in 1986 and based in Beijing, primarily engages in non-ferrous metal mining and selection, with a registered capital of 1.82165156781 billion RMB. The company has invested in 31 enterprises, participated in 5,000 bidding projects, holds 2,238 patents, and possesses 368 administrative licenses [1] - Tianjin Huaye Engineering Design Co., Ltd., founded in 1999 and located in Tianjin, focuses on professional technical services, with a registered capital of 50 million RMB. The company has invested in 2 enterprises, participated in 299 bidding projects, holds 142 patents, and has 33 administrative licenses [1]

矿业ETF（561330）跟踪的是有色矿业指数（931892），该指数从市场中选取涉及铜、铝、铅锌、稀有 金属等矿产资源开发业务的相关企业证券作为指数样本，以反映有色金属矿采选行业的整体表现。根据 Wind数据，2025年全年，矿业ETF（561330）年内涨幅全市场ETF第三，有色类ETF第一，具备龙头更 集中，【黄金+铜+稀土】占比更高的特点。 （文章来源：每日经济新闻） 西部证券指出，从有色金属来看，全球流动性提振有色金属价格，同时人工智能等科技行业和高端装备 制造的快速发展将加速有色金属需求增长。此外，外部地缘政治扰动下，主要国家将关键矿产安全提升 至战略高度，安全溢价上行有望带动商品价格重估。贵金属方面，宽货币类滞胀、美元信用裂痕扩大及 高债务持续发酵，金价易涨难跌。资源品战略价值提升，行业面临机遇。 1月9日，矿业ETF（561330）涨超3%，资金面看，连续10日净流入超5.3亿元，全球流动性提振有色金 属价格。 ...

资金面看，矿业ETF（561330）连续10日资金净流入超5亿元，资源品战略价值凸显。 （责任编辑：张晓波 ） 西部证券指出，资源品继续面临机遇，战略价值提升。从有色金属来看，一方面全球流动性提振有 色金属价格；另一方面，随着人工智能等科技行业和高端装备制造等快速发展，有色金属的需求也将加 速增长。此外，外部地缘政治扰动下，主要国家将关键矿产安全提升至国家战略高度，安全溢价上行有 望带动商品价格重估。贵金属方面，宽货币类滞胀、美元信用裂痕扩大及高债务持续发酵，金价易涨难 跌。整体来看，有色金属行业受益于流动性环境、新兴需求增长及地缘因素带来的多重支撑。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 矿业ETF（561330）跟踪的是有色矿业指数（931892），该指数从市场中选取涉及铜、铝、铅锌、 稀有金属等矿产资源开发业务的相关企业证券作为指数样本，以反映有色金属矿采选行业的整体表现。 根据Wind数 ...