如何看待当前有色金属市场的牛市现象？ 有色（新质生产力元素）牛市持续 20250627 摘要 有色金属牛市由新能源需求、高端材料需求及供给端刚性约束（双碳政 策、疫情、贸易摩擦）共同驱动，铜、铝等金属供应紧张，支撑其高利 润。 小金属市场如钼、稀土、硒、铀等因高端制造业需求增长和供给限制， 价格持续上涨。钼价自 2016 年以来大幅攀升，反映了中国高端制造业 对关键金属需求的增长趋势。 新材料板块受益于第四次产业革命，具有强成长性。博迁新材和龙磁科 技在各自领域内均为全球领先企业，东睦股份在精密成型领域与华为深 度绑定，业绩增长潜力巨大。 东睦公司在汽车领域粉末冶金齿轮业务持续增长，消费电子领域与华为、 苹果、三星等合作，预计消费电子收入将显著增长。同时，在机器人领 域布局盘式电机，具备竞争优势。 隆基科技获得 AI 芯片电感国际大客户一供资格，标志着其向器件公司转 型。车载电感业务逐步放量发货，为未来高速成长奠定基础。 Q&A 有色金属市场的牛市主要基于三个方面。首先是美元走弱，其次是第四次产业 革命带来的新生产要素需求崛起，这与 2006 年主要依赖基建地产需求不同， 当前需求集中在军工航天、新能源新材料 ...

证券代码：000688 证券简称：国城矿业 公告编号：2025-051 国城矿业股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、捐赠事项概述 乌拉特后旗地处巴彦淖尔市北部，荒漠、半荒漠化草原，面积大约2.1万平方 公里，约占全旗总面积的86%。受干旱少雨、风沙较大的气候条件影响，全旗生 态环境不断恶化，特别是西部大开发政策实施以来，随着工业经济的发展，人居 环境加剧恶化。为进一步推进全旗生态恢复建设，改善人居环境，促进地方发展， 经甲乙双方充分协商达成一致，乙方向甲方捐赠人居环境整治资金人民币195万 元。 上述协议经公司履行相应审议决策程序后签署并生效。 三、本次捐赠事项对公司的影响 本次东矿通过对外捐赠切实履行企业社会责任，为乌拉特后旗生态恢复建 设，改善人居环境贡献自身力量，有助于进一步提升公司社会形象和影响力。本 次捐赠资金来源为东矿自有资金，对公司当期及未来经营业绩不构成重大影响， 亦不存在损害公司及全体股东利益的情形。 四、备查文件 特此公告。 国城矿业股份有限公司董事会 为积极履行社会责任和促进当地发展，国城矿业股份有限公司（以 ...

资金流入比率方面，金徽股份、锡业股份、ST盛屯等流入比率居前，主力资金净流入率分别为 37.62%、15.00%、11.19%。（数据宝） 金属锌概念资金流入榜 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 000960 | 锡业股 份 | 5.95 | 4.85 | 18347.12 | 15.00 | | 600711 | ST盛屯 | 4.06 | 2.84 | 5979.69 | 11.19 | | 600961 | 株冶集 团 | 10.05 | 6.85 | 4936.49 | 8.67 | | 603132 | 金徽股 份 | 10.01 | 0.73 | 3426.46 | 37.62 | | 600338 | 西藏珠 峰 | 4.86 | 5.21 | 3105.09 | 5.94 | | 000603 | 盛达资 源 | 2.91 | 3.59 | 2984.22 | 8.22 | | 000426 ...

Core Viewpoint - Western Mining has made significant progress with its copper mining project, receiving approval for the Yulong Copper Mine Phase III project, which will increase production capacity from 1,989 million tons/year to 3,000 million tons/year with a total investment of 4.793 billion yuan [1][3]. Group 1: Project Development - The Yulong Copper Mine Phase III project will include the construction of a new 1,100 million tons/year concentrator and increase the hydrometallurgical capacity from 300,000 tons/year to 1,000,000 tons/year [3]. - The project is expected to yield 180,000 to 200,000 tons of copper metal annually, enhancing the company's overall copper production capacity and profitability [3]. Group 2: Financial Performance - The company's revenue is projected to exceed 50 billion yuan for the first time in 2024, with a 50.74% year-on-year increase in Q1 2025, reaching 16.542 billion yuan [2][6]. - The net profit attributable to shareholders for Q1 2025 was 808 million yuan, reflecting a 9.61% year-on-year growth [6]. - The company's operating cash flow net amount increased by 423.69% year-on-year, indicating strong cash generation capabilities [6]. Group 3: Resource and Production Capacity - Western Mining's total capacity for smelting copper, lead, and zinc is 750,000 tons/year, with lead and zinc production expected to reach 161,000 tons in 2024 [2][4]. - The company holds a total iron ore resource of 288 million tons, with iron concentrate production projected to be 1.3769 million tons in 2024 [4]. Group 4: Research and Development - The company has been increasing its R&D expenditures, which rose from 153 million yuan in 2020 to 621 million yuan in 2024, with a 58.04% increase in Q1 2025 [7].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000603 证券简称：盛达资源 公告编号：2025-042 盛达金属资源股份有限公司 关于子公司为公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 特别提示：盛达金属资源股份有限公司（以下简称"公司"）已审批的为合并报表范围内子公司（以下简 称"子公司"）提供担保、子公司之间互相提供担保、子公司为公司提供担保额度合计超过公司最近一期 经审计净资产的100%，其中有对资产负债率超过70%的子公司提供担保，公司及子公司未对合并报表 范围外单位提供担保。 一、担保情况概述 公司分别于2025年4月28日、2025年5月20日召开第十一届董事会第八次会议、2024年度股东大会，审议 通过了《关于公司及子公司2025年度担保额度预计的议案》，同意公司为子公司提供担保、子公司之间 互相提供担保、子公司为公司提供担保额度合计不超过人民币60亿元。担保范围包括但不限于流动资金 贷款、项目贷款、并购贷款、银行委托贷款、融资租赁、银行承兑汇票、保函、保理、开立信用证、票 据贴现、资产证券化等融资业 ...

Core Points - The company is named Dazhong Mining Co., Ltd, established in accordance with the Company Law of the People's Republic of China and registered in Inner Mongolia [1][2] - The registered capital of the company is RMB 1,508,021,588 [1] - The company was approved by the China Securities Regulatory Commission to issue 218,940,000 shares of common stock to the public on April 9, 2021 [1] Chapter Summaries Chapter 1: General Provisions - The purpose of the company's articles is to protect the legal rights of the company, shareholders, employees, and creditors [1] - The company is a joint-stock company established by the method of initiation [1] - The legal representative of the company is elected by the board of directors and must be a director or general manager [2][4] Chapter 2: Business Objectives and Scope - The company's business objective is to build its business using the resources it possesses [5] - The business scope includes non-coal mining, ore selection, metal ore sales, and other related activities [5] Chapter 3: Shares - The company's shares are in the form of stocks, with a nominal value of RMB 1 per share [6][7] - The total number of shares issued by the company is 1,508,021,588, all of which are common shares [8] Chapter 4: Shareholders and Shareholder Meetings - Shareholders have rights to dividends, voting, and supervision of the company's operations [16][34] - The company must hold an annual shareholder meeting within six months after the end of the previous fiscal year [27] Chapter 5: Shareholder Meeting Procedures - The company must notify shareholders of the meeting details at least 20 days in advance for annual meetings and 15 days for temporary meetings [60][62] - The meeting must be presided over by the chairman of the board or a designated representative [72] Chapter 6: Rights and Obligations of Shareholders - Shareholders must comply with laws and the company's articles, and they cannot withdraw their capital except as legally permitted [40][41] - Shareholders who abuse their rights may be held liable for damages [41]

Overview of Guarantees - The company has approved guarantees for its subsidiaries, with a total guarantee amount exceeding 100% of the company's latest audited net assets, specifically for subsidiaries with a debt-to-asset ratio over 70% [1] - The company approved a guarantee limit of up to RMB 6 billion for the year 2025, covering various financing activities such as loans and leasing [1] Guarantee Progress - The company applied for a factoring business credit limit of RMB 200 million from Beijing Bank, with subsidiaries providing joint liability guarantees totaling RMB 400 million [2] - A tripartite cooperation agreement was signed with Beijing Bank and Zhongqi Yunlian for supply chain financing, allowing suppliers to transfer receivables to the bank [2] Basic Information of the Company - Company Name: Shengda Metal Resources Co., Ltd. - Legal Representative: Zhao Qing - Registered Capital: RMB 689.97 million - Established: June 22, 1995 - Business Scope: Sales of metal ores, precious metal products, and various other metal and chemical products [3][4] Financial Indicators - As of March 31, 2025, total assets were RMB 6547.08 million, with total liabilities of RMB 2985.17 million, and net assets of RMB 3034.77 million [4] - For the first quarter of 2025, the company reported operating income of RMB 352.58 million and a net profit of RMB 82.84 million [4] Agreement Details - The maximum guarantee amount for the factoring business is RMB 400 million, covering all debts including principal, interest, and related costs [5] - The factoring financing agreement specifies a credit limit of RMB 200 million, with terms for receivables transfer and payment commitments [6][7] Total Guarantees and Overdue Guarantees - The total approved guarantee amount is RMB 6 billion, representing 197.16% of the company's latest audited net assets, with no overdue or litigated guarantees reported [7]

消息面上，中国有色金属工业协会数据显示，1-5月规模以上有色金属工业增加值同比增长7.0%， 其中冶炼和压延加工业增长7.1%，行业固定资产投资增幅达19.9%。此外，五矿证券最新报告指出，战 略小金属因资源稀缺性及新能源等领域需求增长，市场热度持续提升。同期，稀土氧化物市场主流产品 价格上涨，分离企业和贸易商对后市普遍持乐观态度。 西部证券指出，工业金属价格近期维持震荡格局。铝价方面，LME铝价本周上涨2.34%，本月累计 涨幅达4.62%，沪铝价格同步走强；库存持续去化，LME和SHFE铝库存分别下降2.38%和5.02%。铜价 受宏观政策反复影响上行承压，但供给端趋紧态势未改，刚果（金）铜矿停产事件持续，冶炼加工费下 行或引发减产预期。锌价呈现小幅回升，LME锌价周涨0.86%，但库存压力仍存。整体来看，铝产业链 供应脆弱性凸显，铜中长期价格支撑较强，而工业金属需求端仍受国内经济波动及美国关税政策不确定 性影响。地缘政治因素对供应链的潜在冲击也需持续关注。 每日经济新闻 （责任编辑：张晓波 ） 【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 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][20] Core Views - The report highlights that the company's production capacity is expected to continue to rise in 2024, with a significant improvement in profitability in Q1 2025 [3][4] - The company achieved a revenue of 42 billion yuan in 2024, a slight decrease of 0.91% year-on-year, while the net profit attributable to shareholders was 1.44 billion yuan, an increase of 2.55% year-on-year [4] - The report anticipates a revenue of 46.5 billion yuan for 2025, with projected production of 90,000 tons of tin, 125,000 tons of copper, and 131,600 tons of zinc [6][7] Summary by Sections Financial Performance - In 2024, the company reported a revenue of 42 billion yuan, with a net profit of 1.44 billion yuan, and a non-recurring net profit of 1.94 billion yuan, reflecting a 40.5% increase year-on-year [4] - For Q1 2025, the company achieved a revenue of 9.73 billion yuan, a 15.8% increase year-on-year, and a net profit of 500 million yuan, a 53.1% increase year-on-year [4][6] Production and Pricing - In 2024, the company produced 84,800 tons of tin, a 6% increase year-on-year, with an average tin price of 248,000 yuan per ton, up 16.9% year-on-year [5] - For Q1 2025, the tin production was 24,200 tons, an 8% increase year-on-year, with an average tin price of 260,800 yuan per ton, a 20% increase year-on-year [6] Profitability Forecast - The report projects net profits for 2025, 2026, and 2027 to be 2.23 billion yuan, 2.42 billion yuan, and 2.56 billion yuan respectively, with corresponding EPS of 1.35, 1.47, and 1.55 yuan [7]

智通财经6月25日电，西部矿业(601168.SH)公告称，公司控股子公司西藏玉龙铜业股份有限公司收到西 藏自治区发展和改革委员会出具的《关于西藏玉龙铜业股份有限公司玉龙铜矿三期工程项目核准的批 复》，核准玉龙铜矿三期工程项目，铜矿生产规模由1989万吨/年增加至3000万吨/年。项目总投资47.93 亿元，项目建设内容包括新建1100万吨/年选矿厂，湿法冶炼规模由30万吨/年增加至100万吨/年。随着 三期项目建成投产，预计生产规模将达到3000万吨/年，铜金属量将达到18-20万吨/年，公司整体矿产铜 规模进一步增加。但项目建设尚需取得其他有关部门的相关手续，且存在自然地理环境恶劣的风险，可 能存在项目建设不及预期的风险。 西部矿业：玉龙铜矿三期工程项目获核准批复 总投资47.93亿元 ...