格拉斯伯格铜矿是全球第二大铜矿及重要金矿，由自由港旗下印尼子公司PTFI负责运营。今年9月8 日，该矿区发生泥石流事故，导致生产一度中断。随后在10月下旬，比格戈桑和深磨矿区两座地下矿井 已率先恢复运营。 自由港麦克莫兰公司总裁凯瑟琳·奎克表示："我们的团队致力于以安全、高效和负责任的方式，恢复格 拉斯伯格矿区大规模、低成本的生产运营。我们已将近期事故中的经验教训纳入未来规划，并正推动多 项举措，从根源上解决问题。在逐步恢复运营、为众多利益相关方创造价值的过程中，我们将始终把安 全置于首位。" 新华财经雅加达11月18日电（记者冯钰林）自由港麦克莫兰于18日宣布，计划自2026年第二季度起，分 阶段重启并恢复其位于印度尼西亚巴布亚省的格拉斯伯格矿区的大规模生产。 根据自由港麦克莫兰预测，随着分阶段重启与产能提升计划的推进，PTFI在2026年的铜、金产量将与 2025年预估水平相近，分别为约10亿磅铜和90万盎司黄金，此后产量将持续增长，预计2027年至2029年 间年均产量将达到约16亿磅铜和130万盎司黄金。 （文章来源：新华财经） ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints of the Report - The copper market is influenced by long - term bullish beliefs and short - term consumption concerns, with prices oscillating between 85,000 - 88,000 yuan [1]. - The aluminum and alumina market shows short - term lack of industrial highlights, but the medium - term oscillatory upward trend remains unbroken [2]. - The zinc market is supported by exports and costs, with prices consolidating at the low level of 22,000 - 23,000 yuan/ton, and there are opportunities for cross - market reverse arbitrage [3]. - The lead market faces significant short - term correction pressure, with support levels at 17,100 yuan/ton and the 60 - day moving average [4]. - The nickel and stainless steel market is in a downward channel, with nickel prices showing a weak trend [5]. - The tin market needs to focus on domestic capital changes, and mid - to long - term short positions can be held around 295,000 yuan [6]. - The lithium carbonate market shows a strengthening trend in futures prices, with prices expected to be in the range of 80,000 - 105,000 yuan/ton [7]. - The industrial silicon market is expected to oscillate in the short term due to limited supply and demand improvement [8]. - The polysilicon market is also expected to oscillate in the short term, with its price influenced by policy expectations and related themes [9]. Summary by Related Catalogs Copper - **Sentiment**: The market has a "strong belief" in long - term copper price increases, but end - of - year consumption strength is a concern [1]. - **Domestic Supply and Demand**: It continues the situation of "weak supply and demand", and the industry is concerned about the processing fee negotiation at the Shanghai Copper Annual Meeting. The traditional demand sectors have lower operating rates than last year, and the SMM inventory has decreased [1]. - **Overseas**: A landslide accident occurred in a copper mine in the Congo (Kinshasa), and the province has suspended all artisanal mining activities [1]. - **Trend**: The copper price oscillates between 85,000 - 88,000 yuan. Short positions at last week's high can be held around 88,000 yuan, and put options with an exercise price of 84,000 yuan can be considered [1]. Aluminum and Alumina - **Alumina**: The domestic operating capacity is 95.8 million tons, and the price is in a downward trend. The industry inventory is increasing, and it is expected to be weak until large - scale production cuts occur [2]. - **Supply**: The operating capacity is temporarily stable, and a new 240,000 - ton capacity project of Tianshan Aluminum is progressing steadily [2]. - **Demand**: The overall operating rate of downstream aluminum processing leading enterprises has increased slightly [2]. - **Inventory and Policy**: The social inventory of aluminum ingots and aluminum rods has increased, and the spot premium and discount have shown small - amplitude fluctuations [2]. - **Trend**: The medium - term oscillatory upward trend remains unbroken, but short - term attention should be paid to capital movements [2]. Zinc - **Market**: The LME zinc has risen by 1.7%, and the Shanghai zinc main contract has risen by 1.3% [3]. - **Spot and Supply**: The export window for zinc is open, the LME inventory has increased, and the import zinc concentrate TC has declined. Domestic zinc smelters' profits are under pressure, and there are cross - market reverse arbitrage opportunities [3]. - **Consumption**: The consumption is affected by environmental protection and high prices, and the domestic consumption expectation is average [3]. - **Trend**: The zinc price is expected to consolidate at the low level of 22,000 - 23,000 yuan/ton, and there are opportunities for cross - market reverse arbitrage [3]. Lead - **Market**: The LME lead inventory has increased sharply, and the price has risen and then fallen. The Shanghai lead has a weak fundamental turn - weak expectation [4]. - **Spot and Supply**: The overseas lead concentrate is being consumed, and the domestic lead concentrate supply is tight. The production of primary and secondary lead has different trends, and there is an expectation of inventory accumulation [4]. - **Consumption**: The consumption is expected to weaken, and the short - term correction pressure is increasing [4]. - **Trend**: The Shanghai lead faces significant short - term correction pressure, with support at 17,100 yuan/ton and the 60 - day moving average [4]. Nickel and Stainless Steel - **Market**: The Shanghai nickel and stainless steel prices have declined, and the market trading is weak [5]. - **Macro and Demand**: The inclusion of stainless steel in the list by the UK Department of Commerce has suppressed the demand expectation, and the market remains weak [5]. - **Spot and Supply**: The premiums of different nickel products vary, and the inventories of nickel and stainless steel have increased [5]. - **Trend**: The nickel price is in a weak trend, with the center of gravity shifting downward [5]. Tin - **Market**: The Shanghai tin has increased significantly, and the multi - empty game is intense due to uncertain supply in the short and long terms [6]. - **Supply**: The tin exports from Indonesia have decreased in October, and the African concentrate exports may be affected by the rainy season. The market is uncertain about the long - term supply [6]. - **Consumption**: The demand in traditional and photovoltaic fields at the end of the year is average, and the inventory has increased [6]. - **Trend**: Attention should be paid to domestic capital changes, and mid - to long - term short positions can be held around 295,000 yuan [6]. Lithium Carbonate - **Futures**: The price has risen again, and the trading is active [7]. - **Spot**: The spot price of Shanghai lithium carbonate has continued to rise, and the production capacity of lithium salt plants has been fully released [7]. - **Demand**: The production of downstream material plants is active, and the order demand is strong [7]. - **Supply**: The total market inventory has decreased, with different trends in smelter, downstream, and trading inventories [7]. - **Trend**: The futures price is strengthening, and the price range is expected to be 80,000 - 105,000 yuan/ton [7]. Industrial Silicon - **Price**: The price has declined, and the market trading is average [8]. - **Supply and Demand**: The supply is constrained by the dry season in the southwest, and the demand in the polysilicon and organic silicon industries is expected to decline. The possibility of production cuts by monomer plants is uncertain [8]. - **Inventory**: The social inventory has decreased [8]. - **Trend**: It is expected to oscillate in the short term due to limited supply and demand improvement [8]. Polysilicon - **Futures**: The price has rebounded after reaching a high, and the market sentiment is affected by policy expectations [9]. - **Spot**: The spot price has continued to rise, and the production capacity of lithium salt plants has been fully released [9]. - **Demand**: The demand has declined, and the price has been under pressure. The subsequent price increase by silicon wafer enterprises is expected [9]. - **Inventory**: The factory inventory has increased [9]. - **Trend**: It is expected to oscillate in the short term, with its price influenced by policy expectations and related themes [9].

Overall Performance - China Gold International achieved revenue of $925 million in the first three quarters of 2025, representing a year-on-year increase of 99.83% [1] - The company reported a net profit attributable to shareholders of $341 million, marking a turnaround from losses [1] - Quarterly net profits for Q1, Q2, and Q3 were $85 million, $115 million, and $141 million respectively, with Q3 showing a quarter-on-quarter increase of 22.43% [1] Production and Sales Data - The company produced 4.02 tons of gold and sold 4.21 tons in the first three quarters [1] - The Changshanhao mine contributed approximately 2.12 tons of gold production and 2.34 tons of sales, while the Jiama mine contributed about 1.90 tons of production and 1.87 tons of sales [1] Cost Data - The unit production cost for gold at the Changshanhao mine was $1,639 per ounce [1] - The Jiama mine's copper unit production costs were $3.23 per pound, with quarterly costs of $3.41, $3.19, and $3.13 per pound for Q1, Q2, and Q3 respectively [1] Mining Operations - The Changshanhao gold mine operates as an open-pit mining operation with a designed mining and processing capacity of 60,000 tons per day, which was reduced to 40,000 tons per day following a mine plan update in July 2019 [1] - The open-pit mining operations are approaching the end of the mine's life, with underground operations expected to continue until approximately 2029 [1] Investment Outlook - The company has raised its full-year performance expectations, forecasting revenues of $1.277 billion, $1.440 billion, and $1.564 billion for 2025-2027, with year-on-year growth rates of 68.8%, 12.7%, and 8.6% respectively [2] - Projected net profits for the same period are $502 million, $666 million, and $740 million [2]

公司发布的三季报数据显示，前三季公司共实现营业收入17.18亿元，同比增长24.60%，实现净利润 4.50亿元，同比增长765.89%，基本每股收益为0.4060元，加权平均净资产收益率13.97%。（数据宝） 近日该股表现 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2025.11.17 | 9.99 | 4.09 | 11512.11 | | 2025.11.14 | 3.40 | 5.24 | -5351.40 | | 2025.11.13 | 10.01 | 4.45 | 16917.89 | | 2025.11.12 | -3.65 | 4.23 | -760.45 | | 2025.11.11 | 9.99 | 4.51 | 10330.60 | | 2025.11.10 | 9.99 | 2.49 | 12071.84 | | 2025.11.07 | 7.64 | 3.22 | 358.10 | | 2025.11.06 | -1.83 | 2.57 | 1995.60 | | 2025.11.05 ...

证券代码：600301 证券简称：华锡有色编号：2025-064 广西华锡有色金属股份有限公司 2025年第五次临时股东会决议公告 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。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 二、议案审议情况 (一)股东会召开的时间：2025年11月17日 (二)股东会召开的地点：南宁市良庆区体强路12号北部湾航运中心A座8楼812会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，董事长张小宁先生主持会议，会议采取现场投票与网络投票相结合的方式 进行表决，会议的召开及表决方式符合《公司法》及《公司章程》的规定。 (五)公司董事和董事会秘书的出席情况 1、公司在任董事9人，出席7人，董事、常务副总经理吴乐文先生和独立董事陈珲先生因工作原因请 假； 2、董事、副总经理、董事会秘书陈兵先生出席本次会议；总工程师韦方景先生、财务总监叶亚斌先生 列 ...

卢安夏新矿项目是公司重要的扩产增储项目，项目投产后将创造大量就业岗位，带动赞比亚当地经济发 展，同时，能够提升谦比希铜冶炼的铜精矿原料保障，为公司股东带来丰厚收益。下一步，公司将按计 划开展项目建设工作，全力推动项目早日建成投产。 穆南浅部及玛希巴矿段资源开采项目基建期2年，矿山计划总服务年限为17年，项目建成达产后，将具 备年处理矿石量80万吨、年产铜精矿含铜约1.2万吨的生产规模。项目计划总投资约1.5亿美元。 28号竖井硫化矿资源开发项目基建期4年，矿山计划总服务年限为17年，项目建成达产后，将具备年开 采矿石量220万吨、年产铜精矿含铜约4.3万吨的生产规模。项目计划总投资约5.3亿美元。 中国有色矿业(01258)发布公告，为保障集团成员公司中色卢安夏铜业有限公司(中色卢安夏)可持续发 展，延长铜矿服务年限，中色卢安夏于近日对卢安夏新矿项目(包括穆南浅部及玛希巴矿段资源开采项 目、28号竖井硫化矿资源开发项目)开展投资建设。 ...

雷尼森矿石系统在深度和走向上保持开放，已计划和正在进行的钻探计划提供了继续增加资源库存的巨 大潜力。 储量锡品位为1.37%，加工后的锡品位为1.66%（分选后）。 智通财经APP讯，绿科科技国际(00195)发布雷尼森锡矿业务矿石储量估算的最新资料雷尼森贝尔于2025 年3月31日的总探明及概略储量为750.5万公吨(锡品位为1.37%，含锡量为10.27万公吨)(经计及过去12个 月的开采消耗情况、经更新的锡价格及经修订的临界品位)：于过去的12个月，雷尼森地下的总储备矿 石吨数减少8.6%;及于过去的12个月，雷尼森地下的储量含锡减少8.5%。 ...

截至2025年11月17日收盘，华锡有色（600301）报收于35.78元，较前一交易日下跌3.74%，最新总市值 为226.33亿元。该股当日开盘36.15元，最高37.44元，最低35.35元，成交额达8.42亿元，换手率为 8.39%。 近日，国浩律师（南宁）事务所发布关于广西华锡有色金属股份有限公司2025年第五次临时股东会的法 律意见书。公告显示，本次股东会于2025年11月17日召开，会议审议通过了使用公积金弥补亏损的议 案，表决结果为同意股数占出席会议股东所持股份的99.9569%。律师机构确认，本次股东大会的召 集、召开程序，召集人和出席会议人员资格，表决程序及表决结果均符合相关法律法规及公司章程规 定。 最新公告列表 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 《广西华锡有色金属股份有限公司2025年第五次临时股东会决议公告》 《国浩律师（南宁）事务所关于广西华锡有色金属股份有限公司2025年第五次临时股东会的法律 意见书》 ...

Core Viewpoint - China Nonferrous Mining (01258) is investing in the Luanshya new mine project to ensure sustainable development and extend the service life of its copper mining operations [1] Investment Projects - The Muana shallow and Mahiba mining resource extraction project has a construction period of 2 years, with a total service life of 17 years, aiming for an annual processing capacity of 800,000 tons of ore and an annual production of approximately 12,000 tons of copper concentrate. The total planned investment for this project is about $150 million [1] - The No. 28 shaft sulfide mining resource development project has a construction period of 4 years, also with a total service life of 17 years, targeting an annual mining capacity of 2.2 million tons of ore and an annual production of approximately 43,000 tons of copper concentrate. The total planned investment for this project is about $530 million [1] Economic Impact - The Luanshya new mine project is a significant expansion and resource increase initiative for the company, expected to create numerous job opportunities and stimulate the local economy in Zambia. It will also enhance the supply of copper concentrate for the company's smelting operations, providing substantial returns for shareholders [1]

Core Viewpoint - China Nonferrous Mining (01258.HK) is investing in the Luanshya new mine project to ensure sustainable development and extend the service life of its copper mining operations [1] Group 1: Project Details - The Muanna shallow and Mahiba mining resource extraction project has a construction period of 2 years and a total service life of 17 years, with an annual processing capacity of 800,000 tons of ore and an annual production of approximately 12,000 tons of copper concentrate. The total planned investment for this project is about $150 million [1] - The No. 28 shaft sulfide mining resource development project has a construction period of 4 years and a total service life of 17 years, with an annual mining capacity of 2.2 million tons of ore and an annual production of approximately 43,000 tons of copper concentrate. The total planned investment for this project is about $530 million [1] Group 2: Economic Impact - The Luanshya new mine project is a significant expansion and resource increase initiative for the company, expected to create numerous job opportunities and stimulate the local economy in Zambia [1] - The project will enhance the supply of copper concentrate raw materials for the company's smelting operations, potentially leading to substantial returns for shareholders [1]