热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 来源：华泰期货 作者： 师橙 市场要闻与重要数据 期货行情： 库存与仓单方面，LME 仓单较前一交易日变化1350.00吨万249650吨。SHFE 仓单较前一交易日变化 10717 吨至287806吨。2月 25 日国内市场电解铜现货库 50.85万吨，较此前一周变化 15.49万吨。 策略 2026-02-25，沪铜主力合约开于 101650元/吨，收于 102460元/吨，较前一交易日收盘0.94%，昨日夜盘 沪铜主力合约开于 102，880元/吨，收于 103，040 元/吨，较昨日午后收盘上涨0.58%。 现货情况： 据 SMM 讯，昨沪期铜2603合约换月首日，现货报价随合约切换显著调整。市场供需两端同步回暖：前 期锁定的进口货源持续到港，叠加未交割仓单陆续流出，流通货源维持高位；下游企业节后逐步复工， 入市询价采购增多，采销情绪明显回升。值得注意的是，供应增量释放更为直接，尤其未交割仓单流出 对升贴水形成压制。不过隔月Contango结构下，持货商向远月交仓意愿分流部分现货，对贴水构成支 撑。整体处于节后再平衡初期，预计今日现货贴 ...

Bornite Work Program Underway Following the Closing of $3.07m Financing VANCOUVER, BC / ACCESS Newswire / February 25, 2026 / Ameriwest Critical Metals Inc. (CSE:AWCM)(OTC PINK:AWLIF)(FSE:5HV) ("Ameriwest" or the "Company") is pleased to provide the following corporate update outlining the Company's near-term goals and objectives for 2026. Recent Completion of Financing On February 10, 2026 , the Company announced the closing of an oversubscribed private placement for gross proceeds of $3,065,750 through th ...

Key Takeaways Vale posted 2025 revenues of $38B and EPS up 15%, with iron, copper and nickel output beating expectations.VALE targets higher iron ore and copper capacity through 2030, backed by major expansion projects.CLF reported a wider 2025 loss, citing weak auto demand and lower steel prices despite cost cuts.Vale S.A (VALE) and Cleveland-Cliffs Inc. (CLF) are major players in the global iron ore and steel supply chain. Vale is a leading iron ore producer and Cleveland-Cliffs is a top U.S. steelmaker a ...

2025年全年涨幅超220%，2026年开局不到两个月，价格又像坐上了火箭，直冲云霄 。 来源：铁合金在线 2月24节后开盘首日，当A股三大指数还在犹豫下一步往哪儿走的时候，小金属板块已经用脚投票，CS稀金属指数上涨2.75% 。 来源：雪球 人狠话不多，金属狠起来，也没黄金什么事儿了。 当全世界的目光还停留在黄金是否见顶、美联储何时降息的时候，一个不起眼的"小金属"：钨，已经悄然完成了它的史诗级逆袭。 市场在追捧什么？ 明牌上写着的，是那个被誉为"工业牙齿"的钨。 有人说这是资金的炒作，也有人说是黄金带崩了钨概念。但当我翻开最新的行业数据，却发现事情远没那么简单。这背后，是一场关于资源、政策与新质 生产力的深度博弈。 现货市场"煤飞色舞"，长单价频创新高 我们先来看一组热乎的数据。根据中钨在线的最新统计，截至2026年2月24日，钨产业链上下游已经全线飘红。 2026年钨产品价格最新报价表 | 产品名称 | 规格 | 最新价格 | 较年初涨幅 | 数据时间 | 来源 | | --- | --- | --- | --- | --- | --- | | 黑钨精矿 | ≥65% | 70.5万元/吨 | +53. ...

分析师 2: 各位投资人，大家晚上晚上好，给大家这个拜个晚年，祝大家这个马年要发财。那么今天 我们那个技术团队跟大家这个也相当于简要的全面的汇报一下我们对这个各金属的看法。 我汇报一下钢铁和整个有色的整体的看法。我们汇报的都比较短小精要。这个钢铁是这样 子的，我们对钢铁我们是看多看多。前面我们是偏谨慎，现在我们看多。这个，但是，看 看多的这个斜率可能还不是说特别的陡峭。主要的原因，我们认为钢铁行业就关注一个事 就是这个供给侧。 那么供给侧，它这个政策，也是内生式的，就是它也不是说大家也不要过多地去打探信息 啥的，这个他也是叫做，也是内生式的。我们认为，行业盈利太差，就供给侧的预期就会 强一点行业盈利太也太好，供给侧就没什么预期了。所以说，钢铁板块的投资机会，主要 集中在行业盈利特别差的时候，或者说预期特别好的时候，就这两点。那目前是什么时间 点？目前的时间点就是盈利情况比较差的时候。我们看到那个，我们整理了一下，已经发 了业绩预告的，这个钢铁公司大概 20 家，这 20 家钢铁公上市公司的四季度的业绩、经营 情况，跟 24 年三四季度的情况。 差不多，那么大家知道，过去钢帘行业是有两个历史上非常差的时候，15 ...

20 February 2026 | 3:15PM EST Equity Research Energy, Utilities & Mining Pulse: Investors Asking: What Are Takeaways from the Road or Recent Management Meetings? While the Natural Resources complex has performed well this year, there has been significant dispersion under the hood. One of the key drivers of relative performance has been corporate governance and management changes. With that in mind, our analysts have spent much of February on the road, at conferences and on earnings calls engaging with manag ...

Core Viewpoint - Largo Inc. has terminated its iron ore calcine sale agreement due to non-receipt of the required initial payment, while also assessing the implications of recent U.S. Supreme Court decisions on tariff authority affecting its vanadium products [1][2][3]. Update on Iron Ore Calcine Transaction - The sale agreement for up to 4.5 million tonnes of iron ore calcine was contingent on an initial payment of $2.9 million, which was deferred to February 9, 2026, but ultimately not received, leading to the termination of the agreement [1][2]. - Largo retains full ownership of the calcine material and is exploring other potential buyers [3][12]. Assessment of Recent U.S. Supreme Court Decisions on Tariff Authority - The Supreme Court decision has implications for the tariff authority affecting Brazilian-origin vanadium products, which previously faced a 50% tariff on imports into the U.S. [3][4]. - There is potential for reimposition of tariffs at lower rates of 10-15%, which could enhance the competitiveness of Largo's products in the U.S. market [4][5]. Readiness of Vanadium Through Largo's Bonded Vanadium Inventory in U.S. Ports - Largo has high purity vanadium units stored in a bonded warehouse in the U.S., which have not yet been imported due to high tariffs, impacting working capital [5][6]. - The modification or reduction of tariffs could allow for rapid release and supply of these units to U.S. customers, enhancing market responsiveness [5][6]. Continued Price Acceleration Since February 12, 2026 Market Update - Vanadium prices have strengthened significantly, with European ferrovanadium prices rising from approximately $25.6/kg to $27.7/kg, and U.S. prices increasing from $17-18.5/lb to over $21/lb, with recent trades near $23/lb [6][7]. - V₂O₅ prices have also increased above $5.5/lb, indicating tightening fundamentals in the vanadium market [7][8]. Positioning to Support U.S. Supply Security - Largo is positioned as a primary producer capable of supplying both ferrovanadium and high-purity vanadium products, which could enhance supply security for U.S. customers as tariff constraints are eased [8][9]. About Largo - Largo is a recognized supplier of high-quality vanadium and ilmenite products from its Maracás Menchen Mine in Brazil, contributing to various industries including steel, aerospace, and energy storage [9][10]. - The company is also invested in clean energy storage through its joint venture in vanadium flow battery production [10].

2020-2025年中国精炼铜(电解铜)产量统计图 数据来源：国家统计局，智研咨询整理 上市企业：江西铜业（600362）,云南铜业（000878）,紫金矿业（601899）,铜陵有色（000630）,西部矿 业（601168）,白银有色（601212）,楚江新材（002171）,海亮股份（002203）,鑫科材料（600255）,锡 业股份（000960） 相关报告：智研咨询发布的《2026-2032年中国电解铜箔行业市场现状分析及投资前景评估报告》 根据国家统计局数据显示：2025年12月中国精炼铜(电解铜)产量为133万吨，同比增长9.1%；2025年1- 12月中国精炼铜(电解铜)累计产量为1472万吨，累计增长10.4%。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

Company Overview - Talon Metals Corp. is a nickel producer, developer, and explorer operating in Minnesota, Michigan, and North Dakota [1] Business Focus - The company is primarily focused on developing and exploring its properties until 2025 [1] Investment Strategy - The company is characterized by a small capitalization with high optionality to the upside compared to relative downside risk [1]

In the current session, the stock is trading at $64.09, after a 2.43% spike. Over the past month, Freeport-McMoRan Inc. (NYSE:FCX) stock increased by 6.09%, and in the past year, by 72.70%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.How Does Freeport-McMoRan P/E Compare to Other Companies?The P/E ratio is used by long-term shareholders to assess the company's market performance ...