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【研选行业+公司】这家公司坐拥高原铜、盐湖锂、海外钾资源版图,机构看好
Di Yi Cai Jing· 2025-10-10 12:11
二、2026年市场规模望超百亿,国产化降本催生渗透率跨越式提升,3家自主供应商凭产能+本土化抢 占先机。 一、坐拥高原铜、盐湖锂、海外钾,多轮驱动资源版图浮现,铜矿二期进入投产倒计时,机构预计 2025-2027年净利润CAGR超40%,看好估值迎戴维斯双击; ...
工信部等七部门:合理确定乙烯、对二甲苯新增产能规模和投放节奏
Di Yi Cai Jing· 2025-09-26 07:20
其中提出,加强重大石化、现代煤化工项目规划布局引导,严控新增炼油产能,合理确定乙烯、对二甲 苯新增产能规模和投放节奏,防范煤制甲醇行业产能过剩风险。石化领域严格执行新建炼油项目产能减 量置换要求,重点支持石化老旧装置改造、新技术产业化示范以及现有炼化企业"减油增化"项目;现代 煤化工领域重点依托煤水资源相对丰富、环境容量较好地区,适度布局煤制油气、煤制化学品项目,开 展煤化工与新能源耦合、先进材料、技术装备、工业操作系统等产业化应用示范,以及二氧化碳捕集、 利用及封存工程示范。加快天然气提氦、海水提钾等项目实施。 (本文来自第一财经) 工信部等七部门近日联合印发《石化化工行业稳增长工作方案(2025—2026年)》。 ...
A股+H股,紫金系市值将逼近10000亿
记者丨董鹏 编辑丨骆一帆 随着更多细节的披露,紫金黄金国际的市值、估值已经可以大致确定。 上周五,紫金矿业发布分拆上市进展公告,其子公司紫金黄金国际此次计划发行3.49亿股至4.01亿股 (约占全球发售完成后13.3%至15%),发行价格则确定为71.59港元/股。 由此计算,紫金黄金国际上市后市值有望达到1878.5亿港元。此前,紫金矿业所希望达到的"推动公司 黄金资产价值重估",也将取得明显成效。 根据公告,此次紫金黄金国际全球发售基础发行股数为3.49亿股,占全球发售完成后已发行的紫金黄金 国际股份总数13.3%。如若代表国际承销商行使超额配售权,公司此次全球最大发行股数可以达到4.01 亿股,约占其发行后股份总数的15%。 在不考虑超额配售权的情况下,此次港股发行完成后,紫金黄金国际股份总数将达到26.24亿股。 如果按照紫金黄金国际上半年归母净利润年化后估算,公司全年净利润约为10.4亿美元,上述发行价所 对应的市盈率可以达到23倍左右,显著高于紫金矿业A股当前15倍左右的动态估值。 而以上超过200亿港元的融资规模,在创下今年港股市场第二大IPO的同时,也将为高度依赖外部并购 的紫金矿业、紫金黄金 ...
紫金黄金国际市值或超1800亿港元 系港股年内第二大IPO
随着更多细节的披露,紫金黄金国际的市值、估值已经可以大致确定。 上周五,紫金矿业发布分拆上市进展公告,其子公司紫金黄金国际此次计划发行3.49亿股至4.01亿股 (约占全球发售完成后13.3%至15%),发行价格则确定为71.59港元/股。 由此计算,紫金黄金国际上市后市值有望达到1878.5亿港元。此前,紫金矿业所希望达到的"推动公司 黄金资产价值重估",也将取得明显成效。 如果按照紫金黄金国际上半年归母净利润年化后估算,公司全年净利润约为10.4亿美元,上述发行价所 对应的市盈率可以达到23倍左右,显著高于紫金矿业A股当前15倍左右的动态估值。 而以上超过200亿港元的融资规模,在创下今年港股市场第二大IPO的同时,也将为高度依赖外部并购 的紫金矿业、紫金黄金国际带来更多资金支持。 接下来,随着9月29日在港股的正式挂牌交易,公司也将形成以紫金矿业A股为主,藏格矿业A股、紫金 黄金国际H股为辅,市值总额逼近1万亿元人民币的"紫金系"资本矩阵。 如今,随着公司发行价格、发行规模等上市细节的披露,不仅可以获得更多数据层面的验证,紫金黄金 国际潜在的市值规模也超过了此前预期。 根据公告,此次紫金黄金国际全球发售 ...
紫金黄金国际市值或超1800亿港元,系港股年内第二大IPO
21世纪经济报道记者 董鹏 如果按照紫金黄金国际上半年归母净利润年化后估算,公司全年净利润约为10.4亿美元,上述发行价所 对应的市盈率可以达到23倍左右,显著高于紫金矿业A股当前15倍左右的动态估值。 而以上超过200亿港元的融资规模,在创下今年港股市场第二大IPO的同时,也将为高度依赖外部并购 的紫金矿业、紫金黄金国际带来更多资金支持。 接下来,随着9月29日在港股的正式挂牌交易,公司也将形成以紫金矿业A股为主,藏格矿业A股、紫金 黄金国际H股为辅,市值总额逼近1万亿元人民币的"紫金系"资本矩阵。 随着更多细节的披露,紫金黄金国际的市值、估值已经可以大致确定。 上周五,紫金矿业发布分拆上市进展公告,其子公司紫金黄金国际此次计划发行3.49亿股至4.01亿股 (约占全球发售完成后13.3%至15%),发行价格则确定为71.59港元/股。 由此计算,紫金黄金国际上市后市值有望达到1878.5亿港元。此前,紫金矿业所希望达到的"推动公司 黄金资产价值重估",也将取得明显成效。 推进紫金黄金国际H股上市,是今年紫金矿业市值管理的重要一环。 对此紫金矿业曾表示,"本次分拆上市恰逢黄金价格上行周期,有利于推动公司黄金 ...
藏格矿业:紫金矿业入主后,藏格矿业仍将战略重心聚焦于钾、锂上游资源的开发与运营
Mei Ri Jing Ji Xin Wen· 2025-09-17 13:39
藏格矿业(000408.SZ)9月17日在投资者互动平台表示,紫金矿业入主后,藏格矿业仍将战略重心聚焦 于钾、锂上游资源的开发与运营。关于锂电中下游产链相关规划。具体情况请关注公司后续公告。 (文章来源:每日经济新闻) 每经AI快讯,有投资者在投资者互动平台提问:我司曾参股重庆骏力(现已注销)扩展锂电中下游产 链,现在紫金已入主藏格,而紫金正在发力锂电中下游产业链,我司是否可能在紫金主导下,参与其诸 多项目? ...
稀土+锑联袂上涨,有色ETF基金(159880)本周涨幅8.2%,盘中净申购850万
Xin Lang Cai Jing· 2025-08-29 06:38
Core Viewpoint - The article emphasizes the importance of strategic metals in the current era of significant global change, defining strategic metals based on supply chain stability rather than scarcity [1] Group 1: Strategic Metals Overview - Cobalt is identified as a strategic metal due to its scarcity and unstable supply chain, with over 75% of global supply coming from the Democratic Republic of Congo. The U.S. plans to purchase 7,500 tons of cobalt over the next five years, indicating a bullish outlook for cobalt prices [1] - Tungsten is noted for its scarcity and domestic control, with prices accelerating due to its classification as a "war metal" [2] - Magnesium, while not scarce, is under domestic control and is seen as a potential substitute for aluminum, indicating significant market potential [3] - Potassium is recognized for its scarcity and high concentration, serving as a critical resource for food security, with price controls implemented by the government [4] - Rare earth elements are characterized by their non-scarcity but domestic supply chain control, with significant imports from the U.S. and other countries. The article predicts a decline in imports due to geopolitical tensions [4] Group 2: Additional Strategic Metals - Nickel is described as not particularly scarce but with a high concentration in supply, heavily reliant on Indonesia [5] - Antimony is classified as scarce with a concentrated supply chain, and its price is supported by export controls and domestic demand [5] - Tantalum and niobium are both noted for their scarcity and concentrated supply chains, with significant reliance on African and Brazilian sources, respectively [5] - The article mentions the performance of the non-ferrous metal industry index, highlighting the top ten weighted stocks, which include major companies like Zijin Mining and Northern Rare Earth [6]
美国关键矿产清单“扩容”,拟新增铜、硅、银、钾等六种矿产
Sou Hu Cai Jing· 2025-08-26 11:42
Core Viewpoint - The U.S. Department of the Interior has proposed adding six minerals, including copper, silicon, silver, and potassium, to the 2025 critical minerals list, emphasizing their importance for the U.S. economy and national security [1][3][4]. Group 1: Proposed Additions - The six minerals proposed for addition are copper, potassium, silicon, silver, lead, and rhenium, which are deemed strategically significant for economic development and national security [4]. - Copper is highlighted as a key material for the electrical grid, transportation, and defense sectors, with increasing demand driven by the growth of data centers and artificial intelligence [3][4]. - Potassium is primarily used in fertilizer production, playing a crucial role in ensuring agricultural production safety [4]. Group 2: Policy Implications - The update of the critical minerals list is seen as a roadmap to reduce U.S. dependence on imports and expand domestic production, reflecting the government's focus on enhancing the security of critical resource supply chains [3][4]. - Resources listed as critical minerals will benefit from various policy advantages, including federal funding support and streamlined permitting processes, which will enhance the competitiveness of domestic companies due to tariffs on imported products [4]. Group 3: Exclusions and Adjustments - Metallurgical coal and uranium, despite being considered for inclusion, were not added to the draft list, although public comments are welcomed for potential future inclusion [5]. - Arsenic and tellurium are recommended for removal from the critical minerals list, with the final list subject to adjustments based on public feedback during the 30-day comment period [6].
美国关键矿物清单“扩容”,拟新增铜、硅、银、钾等六种矿物
Hua Er Jie Jian Wen· 2025-08-26 08:15
Core Points - The U.S. Department of the Interior has proposed adding six minerals, including copper, silicon, silver, and potassium, to the 2025 critical minerals list, emphasizing their importance for the U.S. economy and national security [1][3][4] - The proposal aims to reduce U.S. dependence on imports and expand domestic production, coinciding with a rise in electricity demand driven by data centers and artificial intelligence [3][4] - The critical minerals list is typically updated every three years, and the inclusion of these minerals will provide various policy advantages, such as federal funding support and streamlined permitting processes [4] Summary by Category Proposed Additions - The six minerals proposed for addition are copper, potassium, silicon, silver, lead, and rhenium, which are deemed strategically significant for economic development and national security [4] - Copper is highlighted for its essential role in electrical networks, transportation, and defense, while potassium is crucial for fertilizer production and agricultural safety [4] Exclusions and Public Feedback - Metallurgical coal and uranium, despite earlier considerations for inclusion, were not added to the list, although public feedback is welcomed during the 30-day comment period [5][6] - Arsenic and tellurium are recommended for removal from the critical minerals list [6] Policy Implications - Resources included in the critical minerals list will benefit from federal funding, simplified permitting processes, and enhanced competitiveness for domestic companies due to import tariffs [4]
研报掘金丨民生证券:维持藏格矿业“推荐”评级,钾锂铜三轮驱动,成长空间大
Ge Long Hui A P P· 2025-08-04 06:45
Core Viewpoint - Minmetals Mining is expected to see significant growth in net profit driven by lithium, potassium, and copper production, with a strong cost advantage in lithium extraction from salt lakes [1] Financial Performance - The net profit attributable to shareholders for the first half of 2025 is projected to be 1.8 billion yuan, representing a year-on-year increase of 38.8% [1] - In Q2 2025, the net profit attributable to shareholders is expected to reach 1.05 billion yuan, showing a year-on-year increase of 37.2% and a quarter-on-quarter increase of 40.9% [1] Sales and Production Insights - Lithium sales in Q2 increased quarter-on-quarter, showcasing a significant cost advantage [1] - Potassium sales saw a substantial increase, with both price growth and cost reduction contributing to better-than-expected performance [1] - Copper production increased while costs decreased, leading to record high unit profitability [1] Growth Drivers - The company is driven by three key sectors: lithium, potassium, and copper, indicating a large growth potential [1] - The cost advantage in lithium extraction from salt lakes is highlighted as a significant factor for future profitability [1] - The ongoing expansion projects, particularly the second and third phases of the Jilong project, are progressing as planned, with expectations of exceeding project timelines [1] Future Projections - The projected net profits for 2025, 2026, and 2027 are 3.56 billion yuan, 6.08 billion yuan, and 7.93 billion yuan respectively [1] - The corresponding price-to-earnings ratios based on the closing price on August 1 are 20, 12, and 9 times [1]