Core Viewpoint - Luoyang Molybdenum Co., Ltd. is experiencing significant trading activity, with high financing and margin trading levels, indicating strong market interest and potential volatility in its stock performance [1][2]. Financing Activity - On February 26, Luoyang Molybdenum's financing buy amounted to 519 million yuan, while financing repayment was 457 million yuan, resulting in a net financing purchase of approximately 62.1 million yuan [1]. - The total financing and margin trading balance reached 5.215 billion yuan, with the financing balance of 5.193 billion yuan accounting for 1.29% of the circulating market value, indicating a high level compared to the past year [1]. Margin Trading - On the same day, the company repaid 73,200 shares in margin trading and sold 18,400 shares, with the selling amount calculated at approximately 423,800 yuan [1]. - The remaining margin trading volume was 927,500 shares, with a margin balance of approximately 21.36 million yuan, also indicating a high level compared to the past year [1]. Company Overview - Luoyang Molybdenum, established on December 22, 1999, and listed on October 9, 2012, primarily engages in the mining, processing, and trading of rare metals such as molybdenum, tungsten, and gold [2]. - The company's revenue composition includes refined metal product trading (48.56%), concentrate product trading (38.31%), copper (27.14%), cobalt (6.04%), and other metals [2]. Financial Performance - For the period from January to September 2025, Luoyang Molybdenum reported a revenue of 145.485 billion yuan, reflecting a year-on-year decrease of 5.99%, while the net profit attributable to shareholders increased by 72.61% to 14.280 billion yuan [2]. Dividend Distribution - Since its A-share listing, Luoyang Molybdenum has distributed a total of 21.562 billion yuan in dividends, with 10.576 billion yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, holding 669.5 million shares, an increase of 47.472 million shares from the previous period [3]. - Other notable shareholders include various ETFs, with some increasing and others decreasing their holdings [3].

Core Viewpoint - The metal tungsten has experienced a significant price surge, with a year-on-year increase of over 220% in 2025 and a continued upward trend in early 2026, overshadowing gold's market position [1][3]. Supply Side Analysis - The tungsten market is facing a "triple barrier" on the supply side: quota restrictions, declining ore quality, and limited overseas production capacity [7][9]. - China controls over 80% of global tungsten supply, and the government has implemented strict quotas, reducing the total mining output by 6.5% in 2025 [7][10]. - The average grade of domestic tungsten ore has decreased from 0.42% in 2004 to 0.28% in 2024, increasing extraction costs and difficulties [7][9]. - New overseas tungsten mining projects are not expected to significantly impact supply until after 2027, with non-Chinese controlled new capacity projected to be less than 5,000 tons in 2026 [9][10]. Demand Side Analysis - The demand for tungsten is being driven by emerging technologies, particularly in the photovoltaic (solar) and artificial intelligence (AI) sectors [11][12]. - The demand for tungsten wire in photovoltaic applications is expected to double from 8,300 tons in 2024 to 16,000 tons in 2025, reflecting a 198% year-on-year growth [13]. - AI server production is increasing the demand for high-precision tungsten tools, which are essential for manufacturing advanced printed circuit boards (PCBs) [15][16]. Company Performance - Two leading companies in the tungsten industry, Xiamen Tungsten and China Tungsten High-Tech, are adopting different strategies to navigate the market [19][20]. - Xiamen Tungsten has diversified its operations, controlling 30% of national reserves and focusing on downstream profits, with nearly 40% of its revenue coming from energy new materials by 2024 [20]. - China Tungsten High-Tech is focused on vertical integration within the tungsten supply chain, achieving a 407.52% year-on-year increase in net profit for the first three quarters of 2025 [21][22]. Market Outlook - The tungsten price is expected to remain high and experience strong fluctuations in 2026, driven by a widening supply-demand gap [23]. - The demand for tungsten in photovoltaic applications is projected to reach an 80% penetration rate by 2027, indicating a robust growth trajectory [23][24]. - The ongoing geopolitical dynamics and resource scarcity are enhancing the strategic importance of tungsten as a critical material in the global market [25][26].

经历了18天15板的大涨后，ST京蓝（000711）宣布自2月27日起停牌核查。 2月26日晚间，ST京蓝披露公告显示，公司股票连续3个交易日收盘价格涨幅偏离值累计超过13.13%， 根据深圳证券交易所的有关规定，属于股票交易异常波动情形。 为维护投资者利益，ST京蓝将就股票交易波动情况进行核查。经ST京蓝申请，公司股票自2026年2月27 日开市起停牌，待核查结束并披露相关公告后复牌，预计停牌时间不超过3个交易日。 18天15板 除此以外，截至2025年三季度末，ST京蓝账面资金912.63万元。ST京蓝表示，公司目前仍处于战略转 型期，多个子公司计划实施的项目需要资金投入，若相关资金无法按计划足额到位，可能导致项目延期 投产、子公司扩产进度不及预期、项目实施进度不达预期等问题，进而影响公司业绩成长与整体战略转 型成效。 "为此，公司基于铟资源优势、以及过去两年来对高密度ITO靶材业务所进行的多项准备，开始正式进 军高密度ITO靶材业务。"ST京蓝表示，为准确传递公司的上述战略发展变化，拟对公司名称进行变 更。 彼时，铟等"小众"金属正迎价格上涨。凭借热烈的市场氛围，ST京蓝在短短约1个月的时间，股价即实 ...

Ramaco Resources (NasdaqGS:METC) Q4 2025 Earnings call February 26, 2026 09:00 AM ET Company ParticipantsAlex Fuhrman - Managing Director of Equity ResearchChris Blanchard - EVP of Mine Planning and DevelopmentDouglas Orman - Portfolio ManagerJason Fannin - Chief Commercial OfficerJeremy Sussman - CFOMatthew Key - VP of Equity ResearchMichael Woloschuk - EVP of Critical Mineral OperationsRandall Atkins - Chairman and CEOConference Call ParticipantsBen Kallo - Senior Research AnalystBrian Lee - Equity Resear ...

Ramaco Resources (NasdaqGS:METC) Q4 2025 Earnings call February 26, 2026 09:00 AM ET Company ParticipantsAlex Fuhrman - Managing Director of Equity ResearchChris Blanchard - EVP of Mine Planning and DevelopmentDouglas Orman - Portfolio ManagerJason Fannin - Chief Commercial OfficerJeremy Sussman - CFOMatthew Key - VP of Equity ResearchMichael Woloschuk - EVP of Critical Mineral OperationsRandall Atkins - Chairman and CEOConference Call ParticipantsBen Kallo - Senior Research AnalystBrian Lee - Equity Resear ...

证券日报网讯2月26日，东方钽业（000962）在互动平台回答投资者提问时表示，截至2026年2月13日收 盘，公司持有人数量为51404户。 ...

MACD金叉信号形成，这些股涨势不错！ 格隆汇2月26日｜贵研铂业公告，公司于2026年2月26日收到中国证券监督管理委员会出具的《关于同意 云南省贵金属新材料控股集团股份有限公司向特定对象发行股票注册的批复》。证监会同意公司向特定 对象发行股票的注册申请。公司本次发行应严格按照报送上海证券交易所的申报文件和发行方案实施。 本批复自同意注册之日起12个月内有效。 ...

证券日报网讯2月26日，贵研铂业（600459）在互动平台回答投资者提问时表示，公司铂族金属原料主 要来自公司二次资源循环利用板块，同时也从国内相关市场主体进行采购。公司投资建设的东营再生资 源基地建成投产后，铂族金属的年产能规模将得到进一步的提升。 ...

贵研铂业公告，公司于2026年2月26日收到中国证券监督管理委员会出具的《关于同意云南省贵金属新 材料控股集团股份有限公司向特定对象发行股票注册的批复》（证监许可〔2026〕308号），同意公司 向特定对象发行股票的注册申请。本次发行应严格按照报送上海证券交易所的申报文件和发行方案实 施。本批复自同意注册之日起12个月内有效。公司将根据上述文件和相关法律、法规的要求及公司股东 会的授权，在规定期限内办理本次向特定对象发行A股股票相关事宜，并及时履行信息披露义务。 ...

大地熊公告称，2025年公司实现营业收入164,485.57万元，同比增长24.73%；归属于母公司所有者的净 利润5,671.49万元，同比增长77.94%；扣非净利润2,556.50万元，同比增长263.90%。报告期末，总资产 267,593.98万元，同比增长5.53%；归母所有者权益109,891.53万元，同比增长3.32%。业绩增长因产品 产销量大增、毛利率提升。数据为初核，未经审计，以年报为准。 ...