下一步，中金铜业将加快项目后续建设进度，并在运行调试中持续优化工艺参数，全力推动项目早投 产、早达效、早收益；同时依托项目深耕绿色矿冶领域，着力构建"资源—冶炼—深加工"全链条协同机 制，最大化释放项目价值，为中金岭南高质量发展、助力我国有色金属产业转型升级贡献力量。 "这簇炉火不仅是生产线的启动信号，更是中金岭南践行'在资源中寻找资源'理念的誓言。"喻鸿在致辞 中指出，该项目是中金岭南深入践行FAITH经营理念，推动"以资源为主体，以三稀金属回收为重点的 绿色矿冶和有色金属材料精深加工为两翼"战略落地生根的生动实践。该项目通过工艺攻关与设备升 级，实现"三稀"金属的高效清洁回收与提纯，不仅推动中金铜业从传统矿冶向绿色矿冶转型升级，更丰 富了铜冶炼产品谱系，显著提升了产业链抗风险能力和价值厚度。他强调，这簇点燃的炉火，不仅是中 金铜业"三稀"金属生产线上的第一簇炉火，更是承载战略雄心、创新精神与绿色梦想的"希望之火"，将 为中金岭南"十五五"期间加速形成新质生产力注入强劲动力。 作为中金岭南"一体两翼"战略落地的关键项目，该项目以"资源高效回收、绿色低碳发展"为核心，采用 国内先进的铜阳极泥处理工艺及装备，分 ...

12月23日，华盛顿传出消息，美国贸易代表办公室宣布，将对中国半导体产品加征关税，预计执行时间定在2027年6月。几乎同时，美国国会议员还在公开 为日本首相高市早苗站台，对中方采取的反制措施提出批评。这一系列动作看似气势汹汹，但无论算盘怎么精打细算，都无法改变一个事实——这些措施不 仅损害了全球产业链，也会反过来伤害美国自身。而让人更尴尬的是，日本原本希望得到美国的全力支持，却换来了特朗普的私下提醒：别惹事。 12月23 日，美国贸易代表办公室发布了一份公告，表面上看是要对中国半导体产品加征关税，实则套路很多。公告显示，税率从2025年12月23日起先为0%，真正 提高要等到2027年6月23日，并且具体税率要提前30天才公布。这操作让人看得一头雾水，实际上只是先摆出架势，并未立即执行。公告中称，中国追求半 导体产业主导地位的行为不合理，对美国商业造成负担。换句话说，美国觉得中国半导体发展太快，想用关税进行限制。公告还列出了多项理由，包括国家 补贴、长期产业规划、行政干预和技术转让压力等，认为中国试图在芯片制造、设计、原材料及设备等关键环节建立结构性优势。这种说辞与过去几年美国 对中国的打压如出一辙。 值得注 ...

证券日报网讯 12月15日，株冶集团在互动平台回答投资者提问时表示，公司目前综合回收铟、锑、 铋、碲等产品，后续将重点在铅锌冶炼综合回收方面加大研发力度，进一步提升有价金属回收率，发挥 公司的资源综合优势。 （文章来源：证券日报） ...

证券日报网12月5日讯中金岭南（000060）在12月5日回答调研者提问时表示，公司秉承高效集约、绿色 高端、安全智能、以人为本、融合发展的基本要求，提出"一体两翼"新战略。"一体"即掌握丰富金属资 源的行业头部企业，"两翼"即：大力发展铜铅锌冶炼及精深加工产业，大力发展金、银、镓、锗、铟、 硒、碲、铋、铂、钯、铑等稀有稀散稀贵金属及新材料精深加工产业，加快形成新质生产力，为国家供 应链安全作贡献。公司坚持"外延发展"与"内涵发展"并举，坚持"聚焦主业+资本运营"双轮驱动，以项 目建设、投资并购、资本运作为抓手，不断完善产业链布局，优化产品结构，多措并举促进高质量、高 效益发展。 ...

Core Points - The trade war initiated by the U.S. against China has escalated significantly, with both countries imposing tariffs on each other's goods, impacting global trade dynamics [1][3][5][7] - China's response to U.S. tariffs has been strategic and coordinated, targeting key industries such as energy, automotive, and high-tech sectors, demonstrating its resilience and ability to counteract U.S. measures [3][5][7] - The trade conflict has led to a shift in global supply chains, with companies increasingly looking towards ASEAN countries to mitigate risks associated with U.S.-China tensions [5][7] Summary by Category Tariff Measures - The U.S. imposed a 10% tariff on Chinese goods and 25% on Canadian and Mexican goods, which was later increased to 20% and then 34% [1][5] - China retaliated with tariffs on U.S. coal, LNG, and agricultural products, including a 10% to 15% tariff on U.S. soybeans, directly affecting American farmers [3][5] Strategic Responses - China implemented export controls on critical minerals essential for military and high-tech industries, impacting U.S. missile and chip production [3][5] - The Chinese government placed U.S. companies like PVH Group on an unreliable entity list, restricting their market access [3][5] Global Trade Impact - The trade war has resulted in a 1% reduction in global trade, with the most vulnerable countries suffering the most [5][7] - The conflict has highlighted the limitations of unilateral trade policies, as U.S. allies like the EU and Japan have not joined in the actions against China [7] Long-term Implications - The trade war reflects deeper issues within the U.S. economy, such as manufacturing hollowing out and rising debt, while underestimating China's strategic resilience [7] - The ongoing conflict is pushing the global economic landscape towards multipolarity, challenging the effectiveness of unilateralism [7]

Core Insights - China's development and utilization of rare metals such as gallium, germanium, and indium have achieved significant breakthroughs, enhancing the extraction and recovery rates of these critical materials [1][2]. Group 1: Breakthroughs in Extraction Technology - The Ministry of Natural Resources reported advancements in efficient extraction technologies for low-grade rare metals from coal, aluminum, copper, lead, and zinc ores, with the recovery rate of germanium from coal increasing from 55% to over 80% [1]. - The average recovery rates for gallium, germanium, and indium during lead-zinc smelting processes have improved by approximately 10% [1]. - The recovery rates for selenium, tellurium, and rhenium during copper smelting have increased from 93%, 65%, and 70% to 97%, 90%, and 80%, respectively [1]. Group 2: Advancements in High-Purity Product Preparation - Key technologies and core equipment for the preparation of high-purity rare metal products have made significant progress, including the development of five core devices such as temperature gradient condensation and directional crystallizers [1]. - China has achieved stable mass production of 8N-grade high-purity gallium through semiconductor molecular beam epitaxy [1]. - The first domestically produced planar high-purity germanium detector has been developed, filling a domestic gap [1]. - Production lines for ultra-pure germanium and other high-end raw materials have been established, facilitating the transition from primary to high-end products [1]. - These advancements have broken foreign monopolies on high-end products, increasing the self-sufficiency rate of strategic metal products to over 70%, which is crucial for sectors like national defense, new energy, 5G communications, and semiconductors [1][2].

Group 1 - The article provides a detailed overview of the current prices of various metals and minerals, indicating fluctuations in market prices for specific commodities [1][2] - Cadmium is priced between 28,600 to 29,600 RMB per ton, while chromium ranges from 81,100 to 84,600 RMB per ton [1] - Lithium metal is reported at 575,100 to 610,100 RMB per ton, reflecting significant interest in battery materials [1] Group 2 - Non-metallic products such as boron and talc are also listed, with boron priced at 4,500 RMB per ton in Shandong and talc at 3,000 RMB per ton in Henan [2] - The report highlights the price of rare earth carbonate at 44,305 to 44,705 RMB per ton, indicating ongoing demand in the market [1] - The pricing for various ores, including copper and lead concentrates, shows a range of 16,650 to 16,800 RMB per ton for lead in Henan [1]

Core Viewpoint - Company announces a new strategic plan called "One Body, Two Wings" aimed at enhancing its market position and contributing to national supply chain security [1] Group 1: Strategic Focus - "One Body" refers to the company being a leading enterprise with rich metal resources [1] - "Two Wings" focuses on the development of copper, lead, and zinc smelting and deep processing industries, as well as rare and precious metals and new materials [1] Group 2: Development Approach - The company emphasizes both "external development" and "internal development" to drive growth [1] - A dual approach of "focusing on core business + capital operation" is adopted to optimize product structure and enhance the industrial chain layout [1] Group 3: Value Management - The company has established a value management system to enhance investor returns and protect the rights of stakeholders [1] - Efforts will be made to improve investor relations management and promote high-quality development to achieve shareholder value returns [1]

Core Viewpoint - Yunnan Copper announced its strategic focus on "digital transformation, resource expansion, mining optimization, smelting improvement, recycling, and refining of rare metals" to enhance its competitive edge and ensure high-quality development [2] Group 1: Strategic Focus - The company is increasing its efforts in urban mining and the extraction of rare metals [2] - By 2025, the company aims to focus on extreme operational efficiency, targeting a further reduction in main product costs compared to 2024 levels [2] - The company has achieved a competitive cost structure for its main products through years of cost reduction and efficiency improvements [2] Group 2: Profit Contribution and Supply Chain - The company is enhancing the profit contribution from by-products such as sulfuric acid, selenium, tellurium, platinum, palladium, and rhenium to improve overall competitiveness [2] - Increased procurement of urban mining materials is being prioritized to ensure raw material supply and mitigate challenges posed by processing fees [2]

Group 1: Production and Resource Management - The production situation of the major shareholder's Peru Copper is normal, with a signed equity custody agreement to avoid competition and protect shareholder interests [2] - The company is focusing on resource replacement and increasing reserves, with significant investments in geological research and exploration activities [3] - The company is in the process of acquiring 40% of Liangshan Mining from Yunnan Copper Group, which will enhance resource reserves [3] Group 2: Cost Management and Competitive Advantage - The new Southwest Copper project utilizes advanced smelting technology to reduce production costs and enhance competitiveness [4] - The company has a competitive advantage in smelting processing costs due to ongoing cost reduction and quality improvement measures [4] - The company maintains stable long-term relationships with suppliers to ensure a steady supply of raw materials [5] Group 3: Strategic Response to Market Changes - The company is implementing a strategic layout focusing on digital transformation, resource expansion, and cost reduction, aiming for further cost decreases in 2024 [6] - The company is increasing the procurement of urban mining resources to mitigate the impact of declining processing fees [7] - Sulfur production and sales have seen significant price increases this year, contributing positively to the company's performance [7]