重要新闻提示 国家发展改革委和市场监管总局发布《关于治理价格无序竞争维护良好市场价格秩序的公告》 照明龙头时空科技：筹划重大资产重组，公司股票10月9日起停牌 牧原股份：2025年半年度每10股派9.3元，分红总额50.02亿元 今日提示 北交所新股奥美森（920080）今日上市 央行公开市场今日有6000亿元14天期逆回购到期 国家统计局今日公布流通领域重要生产资料市场价格变动情况 中央国债登记结算有限责任公司、全国银行间同业拆借中心今日将联合推出集中债券借贷业务 第13届中国移动全球合作伙伴大会将于10月10日—12日举办 2025中国国际电池应用大会暨第三届中国国际新型储能发展峰会10月10日—12日在深圳举办 财经新闻 1. 10月9日，中国人民银行以固定利率、数量招标方式开展6120亿元7天期逆回购操作。由于当日有 20633亿元逆回购到期，实现净回笼14513亿元。从逆回购到期情况看，10月10日还有6000亿元逆回购到 期，本周逆回购到期量合计为2.66万亿元。为保持银行体系流动性充裕，央行在国庆假期后首个工作日 开展10月首次买断式逆回购操作。 2. 10月9日，国家发展改革委和市场监管总局发 ...

本期明珠矿业扩帮工程采出新矿导致本期铁精粉产销量同比增加，以及明珠矿业将水洗石生产线进行技 术改造，增加超细碎设备和干式磁选设备，铁矿石经破碎抛废后进入球磨生产铁精粉，提高铁精粉产 量，6月份已完成技术改造，同时，将老骨料生产线进行技术改造后，可以加工铁矿石块矿，6月份起增 加了销售块矿业绩。受上述因素影响，预计明珠矿业本期铁精粉销量同比增加约212.49%，预计明珠矿 业本期实现归属于母公司所有者的净利润24,370.31万元到29,785.93万元，与上年同期相比，预计将增加 17,964.39万元到23,380.01万元，同比增长280.43%到364.98%。 智通财经APP讯，广东明珠(600382.SH)发布公告，公司预计2025年前三季度累计实现归属于母公司所 有者的净利润2.15亿元到2.63亿元，与上年同期(法定披露数据)相比，预计将增加1.93亿元到2.41亿元， 同比增长858.45%到1071.44%。 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The global iron ore supply is expected to expand with the upcoming production of Simandou Iron Ore in Africa, while emerging economies such as India will drive demand growth. The iron ore price is projected to fluctuate within a reasonable range of $80 - $100 per ton in the next 3 - 5 years under normal circumstances [66]. Summary by Related Catalogs I. Iron Ore Production 1.1 Global Iron Ore Production - Since 2000, global iron ore production increased significantly before 2014 and has remained stable at around 2 billion tons per year since 2015. In 2024, global iron ore production was 2.33 billion tons, a year - on - year increase of 1.9%. The compound annual growth rate from 2000 to 2024 was 3.6% [11]. 1.2 China's Iron Ore Production - From 2000 - 2013, China's iron ore production increased steadily due to the expansion of small and medium - sized mines. However, since 2014, production has declined due to environmental protection, safety inspections, and competition from imported ores. In 2024, China's iron ore concentrate production was 284 million tons, a year - on - year decrease of 1.5%. The compound annual growth rate from 2000 to 2024 was 3%. The main production areas are North, Northeast, East, and Southwest China, with North China being the largest, accounting for 34.1% [12][15]. II. Iron Ore Trade 2.1 Global Iron Ore Trade - Before 2015, global iron ore trade volume increased rapidly, and has since remained stable at a high level. In 2023, global iron ore exports reached 1.711 billion tons, a year - on - year increase of 7.8%. Australia and Brazil are the two major exporters, accounting for 76.3% of global exports. In the same year, global iron ore imports reached 1.638 billion tons, a year - on - year increase of 5%, with China being the largest importer, accounting for 72% [17][22]. 2.2 China's Iron Ore Trade - Since the 21st century, China has become the world's largest iron ore importer, mainly importing from Australia and Brazil. In 2024, China's iron ore imports reached 1.237 billion tons, a year - on - year increase of 4.9%. The compound annual growth rate from 2010 to 2024 was about 5% [26][27]. III. Iron Ore Consumption 3.1 Global Iron Ore Consumption - Global iron ore consumption has been growing steadily in the past 15 years. China, India, and Japan are the top three consumers, accounting for 58.9%, 10.3%, and 4.4% of global consumption in 2023 respectively. From 2010 to 2024, global iron ore apparent consumption increased from 1.958 billion tons to 2.437 billion tons, with a compound annual growth rate of 1.59% [31][33]. 3.2 China's Iron Ore Consumption - Affected by the domestic economic cycle, China's iron ore consumption increased before 2015 and has remained stable at a high level since then. In 2024, China's iron ore apparent consumption was 1.473 billion tons, a year - on - year increase of 7.6%. The compound annual growth rate from 2010 to 2024 was 3.15%. China's iron ore demand is highly dependent on imports, with an import - to - consumption ratio of 86% in 2023. The most demanded iron ore type is sinter ore, followed by pellet ore and lump ore [37][38][43]. IV. China's Iron Ore Industry Competition - From 2003 - 2017, small and medium - sized iron ore producers expanded rapidly. After 2017, due to mine consolidation, many small mines exited the market, and the market share of large key enterprises increased from 18% in 2010 to 39% in 2023 [47]. V. Global Iron Ore Production Cost - Global iron ore production costs vary significantly among different mines. The top four global iron ore producers (Vale, BHP, Rio Tinto, and FMG) have low production costs and high iron grades. China's iron ore generally has low iron content and variable production costs ranging from 300 - 900 yuan per ton. Iron ore price fluctuations can adjust global supply. When the price is between $80 - $100 per ton, the global shipping volume is about 137 million tons [50][51]. VI. Steel Industry Overview 6.1 Steel Production - Since the 21st century, global pig iron and crude steel production have grown rapidly, with the growth rate slowing down after 2015. In 2024, global pig iron and crude steel production were 1.421 billion tons and 1.934 billion tons respectively. China is the world's largest steel producer, with pig iron and crude steel production of 893 million tons and 1.099 billion tons respectively in 2024, accounting for 62.9% and 56.8% of the global total. The main production areas in China are Hebei, Jiangsu, and Shandong provinces [53]. 6.2 Steel Consumption - In 2024, global crude steel consumption was 1.938 billion tons, a year - on - year decrease of 0.1%. China's crude steel consumption was 989 million tons, a year - on - year decrease of 2.9%, accounting for 51.03% of the global total. Consumption outside China was 947 million tons, a year - on - year increase of 2.9%. Since the implementation of the "Three Red Lines" policy in the real estate sector in 2021, China's steel consumption structure has changed significantly, with a sharp decline in real - estate steel demand and an increase in export and manufacturing demand [61]. VII. Iron Ore Price Performance - Iron ore prices fluctuate with supply and demand. After the 2008 global financial crisis, prices rose rapidly due to strong demand from emerging economies and insufficient global supply. From 2011 - 2015, prices fell due to over - supply and weakening Chinese demand. After 2016, prices were volatile at a low level due to steel industry reforms. After the Vale dam collapse and post - COVID - 19 recovery, prices reached a record high. Since 2021, prices have been under pressure due to China's crude steel production cuts and real - estate policies. In 2025, the supply - demand situation is slightly loose, and the price is currently fluctuating around $100 per ton [65].

新疆宝地矿业股份有限公司 Xinjiang Baodi Mining Co., Ltd. （新疆乌鲁木齐市克拉玛依东街 390 号深圳城大厦 15 楼） 首次公开发行股票（A 股） 招股说明书摘要 保荐机构（主承销商） （新疆乌鲁木齐市高新区（新市区）北京南路 358 号大成国际大厦 20 楼 2004 室） 发行人声明 本招股说明书摘要的目的仅为向公众提供有关本次发行的简要情况，并不包 括招股说明书全文的各部分内容。招股说明书全文同时刊载于上海证券交易所网 站。投资者在做出认购决定之前，应仔细阅读招股说明书全文，并以其作为投资 决定的依据。 投资者若对本招股说明书及其摘要存在任何疑问，应咨询自己的股票经纪 人、律师、会计师或其他专业顾问。 发行人及全体董事、监事、高级管理人员承诺招股说明书及其摘要不存在虚 假记载、误导性陈述或重大遗漏，并对招股说明书及其摘要的真实性、准确性、 完整性承担个别和连带的法律责任。 公司负责人和主管会计工作的负责人、会计机构负责人保证招股说明书及其 摘要中财务会计资料真实、完整。 保荐人承诺因其为发行人首次公开发行制作、出具的文件有虚假记载、误导 性陈述或者重大遗漏，给投资者造成 ...

新疆宝地矿业股份有限公司 Xinjiang Baodi Mining Co., Ltd. （新疆乌鲁木齐市克拉玛依东街 390 号深圳城大厦 15 楼） 首次公开发行股票（A 股） 招股意向书摘要 保荐机构（主承销商） （新疆乌鲁木齐市高新区（新市区）北京南路 358 号大成国际大厦 20 楼 2004 室） 发行人声明 本招股意向书摘要的目的仅为向公众提供有关本次发行的简要情况，并不包 括招股意向书全文的各部分内容。招股意向书全文同时刊载于上海证券交易所网 站。投资者在做出认购决定之前，应仔细阅读招股意向书全文，并以其作为投资 决定的依据。 投资者若对本招股意向书及其摘要存在任何疑问，应咨询自己的股票经纪 人、律师、会计师或其他专业顾问。 发行人及全体董事、监事、高级管理人员承诺招股意向书及其摘要不存在虚 假记载、误导性陈述或重大遗漏，并对招股意向书及其摘要的真实性、准确性、 完整性承担个别和连带的法律责任。 公司负责人和主管会计工作的负责人、会计机构负责人保证招股意向书及其 摘要中财务会计资料真实、完整。 保荐人承诺因其为发行人首次公开发行制作、出具的文件有虚假记载、误导 性陈述或者重大遗漏，给投资者造成 ...