Market Overview - The Hang Seng Index fell by 0.21%, down 49 points, closing at 23,857 points, while the Hang Seng Tech Index decreased by 0.59% [1] - The early trading volume in the Hong Kong stock market reached HKD 102.1 billion [1] Sector Performance - The non-ferrous metal sector showed strong performance, with institutions optimistic about sustained profitability; Luoyang Molybdenum Co. rose by 4% and Jiangxi Copper Co. increased by 3.11% [1] - The three major telecom operators in Hong Kong experienced gains, with China Unicom, China Mobile, and China Telecom all rising over 2% [1] Notable Stock Movements - China Silver Group surged over 23%, with spot silver prices reaching nearly USD 36, marking a 13-year high [1] - Longpan Technology saw a rise of 3.35% after signing a large order for 150,000 tons of lithium iron phosphate, indicating a boost in solid-state battery production [1] - Dongyue Group increased by 1.54% as prices for third-generation refrigerants continued to rise, positioning the company as a leader in R22 and R32 quotas [1] - Youjia Innovation rose by 7% after securing a key model for a new energy brand under Changan Automobile [1] - Shijiazhuang Pharmaceutical Group increased by 4.27% after obtaining production registration for calcium gluconate and sodium chloride injection [1] - Zhongxu Future surged over 11% as the issuance of domestic game licenses reached a new high, with multiple new titles planned for release within the year [1] Company-Specific Challenges - Dongfeng Group's stock fell over 3% amid clarification from its controlling shareholder that there are no current restructuring plans, with a reported 17.1% year-on-year decline in vehicle sales for the first five months [2] - Alibaba Health dropped by 3.46% as its profits for the fiscal year 2025 fell short of expectations, with UBS suggesting the company may struggle to maintain its current valuation [3] - The automotive sector faced renewed declines, with analysts predicting an unavoidable new round of price wars, leading to a trend of increased revenue without profit growth; XPeng Motors fell by 2.9% and Li Auto decreased by 1.46% [3]

Core Viewpoint - The company has developed ultra-high purity tantalum target blanks with a purity level of 5N9, breaking foreign technology barriers and product monopolies, thus changing China's complete reliance on imports for integrated circuit materials [2] Group 1: Company Developments - The company is accelerating the domestic replacement process for 12-inch high-purity tantalum target blanks [2] - The company has formed a complete closed-loop system from R&D to production and application, overcoming key technologies in high-purity tantalum powder purification and large-size target blank formation [3] - The company has established a stable customer base in sectors such as semiconductors and aerospace, forming a complete industrial chain from raw materials to end products [3] Group 2: Product and Market Insights - High-purity tantalum target blanks and high-purity tantalum powder have become key products for the company's revenue growth, with increasing market demand driven by the rapid development of the semiconductor and AI industries [4] - The company's main products include high-temperature alloys, tantalum powder, tantalum wire, semiconductor tantalum target blanks, high-purity niobium materials, and niobium superconducting cavities [3] - The production of large-size high-purity tantalum target blanks is primarily used in semiconductor chip manufacturing, semiconductor coating, and optical coating industries, providing significant growth opportunities in the target material market [5][6] Group 3: Competitive Advantages - The company possesses a full industrial chain from tantalum and niobium ore hydrometallurgy to deep processing of various tantalum and niobium products, enhancing its market competitiveness [3] - The company is enhancing product competitiveness by improving internal management, strengthening research capabilities, increasing production volume, and enhancing product quality [6] - The company is focusing on high-value-added products and optimizing its product structure, with a gradual increase in the proportion of high-purity and high-value products [3][8] Group 4: Future Outlook - The company anticipates a recovery in the market for ultra-high-purity niobium materials, high-purity tantalum materials for semiconductors, high-pressure high-capacity tantalum powder, and high-temperature special steel driven by demand from large scientific projects, high-performance computing systems, smart vehicles, and national defense equipment by 2025 [8] - The company plans to expand market space, adjust product structure, and increase the sales share of high-value-added products, while also implementing an "outbound" strategy to enhance supply chain resilience and stability [8][9]

截至2025年6月5日 13:01，中证稀有金属主题指数上涨0.20%，成分股龙磁科技上涨13.71%，金力永磁上涨7.03%，株冶集团上涨5.57%，广晟有色上涨 5.23%，宁波韵升上涨4.48%。稀有金属ETF(562800)多空胶着。拉长时间看，截至2025年6月4日，稀有金属ETF近1周累计上涨3.46%，涨幅排名可比基金第 一。 规模方面，稀有金属ETF近1周规模增长2542.20万元，实现显著增长，新增规模位居可比基金第一。份额方面，稀有金属ETF近1周份额增长1395.00万份， 实现显著增长，新增份额位居可比基金第一。资金流入方面，稀有金属ETF最新资金净流入729.05万元。拉长时间看，近9个交易日内，合计"吸金"1136.56 万元。 值得注意的是，该基金跟踪的中证稀有金属主题指数估值处于历史低位，最新市净率PB为2.16倍，低于指数近5年87.57%以上的时间，估值性价比突出。 中金公司研报指出，2020年以来，锑、钨、锗、稀土等小金属价格系统性上行，公司盈利整体向好，估值水平持续去化。展望未来，虽然区域冲突扰动上 升，但全球供需改善及库存低位有望进一步推升小金属价格，企业盈利和成长性 ...

再推【稀土磁材】：类比锑，内外同涨逻辑加速！ 20250604 随着出口陆续恢复，国外市场仍然存在净缺口，从 90%下降到 80%，但备货 需求依旧强劲，加上贸易流通成本增加，我们看好稀土内外价格同涨趋势。目 前海外价格比国内高两倍，这意味着内盘价格上行弹性空间大。下游终端需求 也表现出色，包括新能源车、风电等领域增长显著。因此，无需担心因稀土价 格下跌而放弃布局整个板块，我们认为未来稀土资源板块具有较大的增长潜力。 稀土市场需求层次如何？是否值得布局？ 摘要 稀土出口管制导致海外价格飙升，国内价格相对稳定，但随着出口恢复， 预计国内外稀土价格将同步上涨，尤其看好钕铁硼稀土的价格上涨潜力。 钕铁硼磁材产量和终端需求（新能源车、工业机器人等）均呈现强劲增 长态势，验证了下游需求的稳健性，为稀土永磁板块提供有力支撑，其 中电机磁材占比 75%，消费类磁吸元件占比 25%。 尽管国外市场稀土缺口有所收窄，但备货需求依然强劲，叠加贸易成本 增加，稀土内外价格同涨趋势明显，海外价格远高于国内，预示着国内 价格存在较大的上行空间。 稀土下游终端需求增速接近 20%，主要来自电机磁材和消费类磁吸元件， 受宏观经济影响较小， ...

一、ETF行业快讯 1.三大指数集体上涨，多只电子板块ETF上涨 今日，三大指数集体上涨，上证综指上涨0.42%，深证成指上涨0.87%，创业板指上涨1.11%。多只电子 板块ETF上涨，其中，中金科技先锋ETF（560990.SH）上涨超6%，信创ETF富国（159538.SZ）上涨 2.35%，5G通信ETF（515050.SH）上涨2.26%。公用事业板块多只ETF下跌，绿色电力ETF易方达 （562960.SH）下跌0.28%，电力ETF（159611.SZ）下跌0.21%，电力ETF基金（561700.SH）下跌 0.20%。 国信证券发布电子行业研报表示，考虑到近期科技板块催化集中：小米发布国内首款3nm旗舰处理器芯 片；央视《新闻周刊》报导"华为鸿蒙PC搭载5纳米芯片"；宇树亮相全球首场人形机器人格斗大赛，科 技板块热度有明显回升。我们坚定看好202年电子板块在"宏观政策周期、产业库存周期、AI创新周 期"共振下的"估值扩张"行情，重点关注半导体自主可控、存储周期回暖及端侧SoC创新。 2.5月超百亿资金涌向科创ETF 据21世纪经济报道，5月，ETF资金流向较上月呈现明显变化。主要宽基ETF由 ...

智通财经6月4日电，稀土永磁板块反复走强，广晟有色走出2连板，九菱科技、大地熊、中科磁业、金 力永磁、中国稀土、盛和资源等涨幅靠前。消息面上，近日大摩研报指出，每个人形机器人平均需要约 0.9公斤稀土金属、与电动汽车相当，包括28个用于关节的旋转和线性执行器，以及12个手部执行器。 人形机器人革命或催生8000亿美元关键稀土矿物需求。 稀土永磁板块反复走强 广晟有色2连板 ...

Group 1 - The company has entered into an agreement to sell tungsten bars for a total consideration of HKD 150 million, which will be settled through the issuance of 400 million shares at an issue price of HKD 0.375 per share [1] - Tungsten is a critical rare metal widely used in advanced industries such as semiconductors, aerospace, and renewable energy, with increasing demand for high-purity tungsten products [1] - The board believes that the market demand for tungsten will continue to grow strongly in the near future, and the sale of tungsten will diversify the company's mineral portfolio and enhance its resilience in the evolving global supply chain [1] Group 2 - The acquisition is seen as a good opportunity to expand the company's business activities into adjacent markets, leveraging the existing rare earth business [2] - The board believes that the acquisition will diversify the company's revenue sources and strengthen its supply chain, thereby improving overall performance [2] - The structure of the acquisition aligns the interests of the seller and the company, paving the way for potential strategic cooperation and improved operational efficiency through shared resources and customer networks [2]

广东东方锆业科技股份有限公司 《章程（2025年5月）》 目 录 广东东方锆业科技股份有限公司 《章程（2025年5月）》 第一条 为维护广东东方锆业科技股份有限公司（以下简称"公司"）、 股东和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国 公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称 《证券法》）和其他有关规定，制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司经广东省人民政府办公厅"粤办函2000502号"文、广东省经济贸易 委员会"粤经贸监督2000757号"文批准，由广东宇田实业有限公司整体 变更设立，于2000年9月26日在广东省工商行政管理局登记成立，并取得营 业执照，营业执照号9144050061755920X4。 第三条 公司于2007年8月经中国证券监督管理委员会核准，首次向社 会公众发行人民币普通股1,250万股，于2007年9月在深圳证券交易所上市。 第四条 公司注册名称：广东东方锆业科技股份有限公司，Guangdong Orient Zirconic ind sci&tech Co.,Ltd。 第五条 公司住所：汕头 ...

新华社刚果（金）鲁巴亚5月26日电 记者手记｜给民众带来苦难的"血矿"——新华社记者直击刚果 （金）东部冲突矿区 新华社记者史彧 郑扬子 在刚果（金）东部北基伍省马西西地区云雾缭绕的高地上，鲁巴亚，这座偏远的矿镇，正处在地缘政治 与经济利益交织的冲突最前线。丰富的矿藏资源成为武装冲突的引线，给当地民众带来了持续的苦难。 自2024年4月以来，反政府武装"M23运动"控制了鲁巴亚地区重要的钶钽矿区。钶钽铁矿是提取稀有金 属钽的主要矿石。钽因其优异的导电性和耐腐蚀性，广泛应用于智能手机、电动汽车、战斗机、医疗植 入物等高科技领域。据联合国估算，仅鲁巴亚一地的产量就占全球钽供应总量的15%以上。 除了经济控制，"M23运动"还强迫居民从事修路、搬矿、扩展营地等劳动。 鲁巴亚海拔约2065米。新华社记者看到，整片山坡布满竖井。每天有60至70名矿工轮班进入每个矿井， 他们戴着头灯，手持十字镐，在狭窄的坑道里凿矿、装袋，接力将矿石送出。井越深，空气越稀薄，为 防窒息，井口处都配备送氧机，这是矿工们的生命线。 2024年9月，联合国秘书长刚果（金）问题特别代表凯塔在安理会报告中指出，"M23运动"已在北基伍 省多个地区巩 ...

数据显示，截至2025年4月30日，中证稀有金属主题指数前十大权重股分别为盐湖股份、北方稀土、洛 阳钼业、华友钴业、赣锋锂业、天齐锂业、中国稀土、西部超导、中矿资源、厦门钨业，前十大权重股 合计占比54.89%。 场外投资者还可以通过稀有金属ETF联接基金（014111）参与稀有金属板块投资机遇。 规模方面，稀土ETF基金近3月规模增长1.00亿元，实现显著增长，新增规模位居可比基金前2。份额方 面，稀土ETF基金最新份额达16.62亿份，创近半年新高，位居可比基金第一。资金流入方面，稀土ETF 基金最新资金净流入2727.91万元。 从估值层面来看，稀土ETF基金跟踪的中证稀土产业指数最新市盈率（PE-TTM）仅29倍，处于近1年 9.41%的分位，即估值低于近1年90.59%以上的时间，处于历史低位。 招商证券称，中国稀土实施出口管制后短期海外将面临抢单，造成海外稀土价格大涨。反观国内，稀土 深加工企业迎来发展机遇。因加工后的部分稀土产品不在此次出口管制范围内，企业利润空间得以拓 展，进而推动国内稀土价格上升。未来国内外稀土中枢价格将上移，短期预计海外稀土价格将高于国 内，中期价格有望收敛，整体中枢价格持 ...