同步竣工的"贵金属烟气集中治理高排项目"是金川集团2025年的重点技改项目，总投资4996万元，于 2025年4月开工。该项目通过对贵金属生产系统废气排口进行集中、深度治理，构筑起坚实的环保屏 障，是金川集团深入践行绿色发展理念、扎实推进生态文明建设的具体行动。 "羰基尾料铂族金属高效分离提取技术产业化项目"作为金川集团2024年度重大技术改造项目，总投资达 1.27亿元。项目自2024年9月启动建设，于2025年12月28日建成。该项目的核心突破在于成功攻克了从 成分复杂的羰基尾料中，高效分离提取铂、钯、铑、钌、铱等稀缺铂族金属的关键技术难题。这不仅实 现了对金川特色矿产资源中高价值战略资源的高效回收与增值利用，也显著增强了我国在铂族金属领域 的战略保障能力。 在项目建设过程中，面对跨冶金、建筑、化工、机电安装等多领域的技术集成挑战，以及工期紧张、任 务繁重、场地交叉作业复杂等多重困难，建设者通过优化设计方案、科学统筹施工、严格把控质量，最 终确保项目高质量按期完成。 中国甘肃网1月11日讯 据甘肃日报报道（新甘肃·甘肃日报记者谢晓玲）近日，金川集团铜贵股份有限公 司"羰基尾料铂族金属高效分离提取技术产业化 ...

核心观点 事件：公司发布2025 年度业绩预增公告，预计2025 年度实现归属于上市公司股东的扣除非经常性损益 的净利润为7.50~9.00 亿元，同比增加4.26~5.76亿元，同比增长131.63%~177.95%。 资源化项目产品结构升级、金属涨价等多因素共振促业绩释放：金昌高能二期于2024 年投产，贵金属 尤其是铂族金属（铂、钯、铑、钌、铱）的分离提纯能力大幅提升,已具备年产金2 吨、铂2 吨、钯2 吨、2 吨、铑500 公斤、铱500 公斤、银50 吨的生产能力。靖远高能、江西鑫科通过产品结构优化、技 改升级，金银铜铋镍锡的产能亦大幅提升。珠海项目投产亦为公司带来产能增量，公司亦抓住了稀贵金 属高景气的机遇，推动业绩实现大幅上涨。我们判断，公司各项目产能释放、协同优化仍有较大空间， 业绩持续增长可期。 垃圾焚烧业绩稳健，海外项目落地：公司环保运营板块以垃圾焚烧发电为主，目前在运项目11000 吨/ 日，公司近年通过增加供热等举措，持续推动降本增效，盈利能力稳中有升。公司此前公告，中标泰国 亚穆乡500 吨/日垃圾焚烧项目，总投资约4.27 亿人民币，公司权益80%。公司坚定出海战略，东南亚等 海外 ...

与此同时，南非政府正在加快推进出口市场多元化和出口产品结构优化，而非洲大陆自由贸易区建设的 持续推进，也为南非拓展区域市场提供了新的支持。 南非经济分析公司首席执行官兼首席经济学家 贾米恩：美国并不是南非最主要的出口目的地，其市场 仅占南非出口总额的大约7%，因此新增关税造成的影响比较小 。 此外，尽管个别产品面临较高关税，但南非出口到美国的相当一部分关键矿产品获得了豁免，包括铂 金、钯、铑、铬、锰等对美国具有战略意义的矿产资源，这对南非来说也是一个有利因素。 进入2025年以来，全球贸易摩擦加剧，美国对多国加征关税，使得一些新兴经济体的贸易遭受严重影 响。然而在这种情况下，南非的贸易抗住了冲击，展现出很强的韧性。 数据显示，进入2025年以来，尽管面临美国关税政策带来的外部冲击，但南非对外贸易整体保持稳定， 并且已经连续8个月实现贸易顺差。专家分析认为，南非的出口市场相对分散，因此在面对美国关税压 力时，具备一定的缓冲空间。 南非经济分析公司首席执行官兼首席经济学家 贾米恩：南非希望在2030年实现总额3万亿兰特的出口目 标，2024年南非出口额已超过2万亿兰特，所以这一目标并不是难以企及的。 专家同时指出 ...

格隆汇12月16日丨贵研铂业(600459.SH)在投资者互动平台表示，贵金属包括金、银、铂、钯、铑、 铱、锇、钌八种贵金属元素。公司经营的贵金属包括黄金和白银。目前，公司主要涉及从含贵金属的废 料中提纯贵金属的业务领域，暂不涉及黄金、白银等贵金属矿产资源。将来是否会进入，需根据公司发 展规划和业务布局而定。 ...

（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：请问公司经营的贵金属有包括黄金、白银吗？贵公司 会不会进入黄金，白银等矿业？ 贵研铂业（600459.SH）12月16日在投资者互动平台表示，贵金属包括金、银、铂、钯、铑、铱、锇、 钌八种贵金属元素。公司经营的贵金属包括黄金和白银。目前，公司主要涉及从含贵金属的废料中提纯 贵金属的业务领域，暂不涉及黄金、白银等贵金属矿产资源。将来是否会进入，需根据公司发展规划和 业务布局而定。 ...

（来源：SMM小金属） 2026 SMM 铂族金属供需交易峰会 【时间】2026年1月15日~16日 【地点】浙江·宁波 在全球能源转型加速、高端制造升级的当下，铂族金属（铂、钯、钌、铑、铱）作为"工业维生素"，正迎来供需格局的深度重构。 需求端，混动汽车催化器等战略性领域需求增速受关注，传统化工需求有变化；供应端，全球铂族金属资源集中，地缘政治导致供应链波动，中国部分资 源潜力待释放；政策与竞争方面，美欧清单、国内再生政策及跨境新规重塑市场规则。 值此机会，在美丽的浙江宁波，未泰铂业将作为鸣谢单位参与到SMM举办的2026 SMM铂族金属供需交易峰会，并由亚太区铂族金属首席分析师 曲艺女 士出席，围绕混动汽车触媒用量增加、氢能电极材料需求增长等趋势同大家展开深入探讨与分享。 鸣谢单位及嘉宾介绍 未泰铂业 （Valterra Platinum Limited） 未泰铂业（前身为英美铂业有限公司）是一家南非矿业公司。它是全球领先的铂族金属综合生产商之一，在约翰内斯堡证券交易所和伦敦证券交易所上 市。 该公司拥有世界级、长寿命的矿山组合以及业内最高效的加工资产，负责任地从其位于南非和津巴布韦的业务中开采、冶炼和精 ...

Core Viewpoint - The company has been approved as a designated delivery warehouse for platinum and palladium futures by the Guangzhou Futures Exchange, which is expected to enhance its market competitiveness and profitability [1] Group 1: Company Developments - The company focuses on the comprehensive utilization of secondary resources of precious metals such as platinum, palladium, rhodium, and silver, along with related product research, production, sales, and services [1] - The approval as a designated delivery warehouse for platinum and palladium futures allows the company to integrate the spot market, futures market, and delivery warehouse, thereby strengthening its risk resistance capabilities [1] Group 2: Market Impact - This development is anticipated to positively impact the company's market influence and improve its profitability levels [1]

Core Viewpoint - Platinum plays a significant role in the hydrogen energy sector, primarily as a catalyst in fuel cells, making it a core material in hydrogen technology [1] Company Overview - The company, Haotong Technology (301026.SZ), specializes in precious metal recovery, extracting platinum, palladium, rhodium, and silver from secondary resources such as spent catalysts [1] - The company's main business does not involve research or application of related products in the hydrogen energy field [1]

Core Insights - The precious metals recycling industry plays a crucial role in supporting innovation across various sectors such as electronics, aerospace, and new energy [1] - The company has made significant advancements in the purification technology of precious metals, achieving international standards for gold, silver, platinum, and palladium [3] - The company is actively investing in the purification techniques for rhodium, ruthenium, and iridium, which have previously relied heavily on imports [3] Group 1 - The recycling process of precious metals is complex, involving efficient separation, precise purification, and environmentally friendly methods [3] - The company has established a 24-hour monitoring system and strict sampling protocols to ensure the accurate measurement of precious metals, maintaining a loss rate of only 0.2% [4] - The company has formed an innovation team to continuously engage in research and development, collaborating with universities and research institutions to stay updated on industry advancements [6] Group 2 - The company has invested over 30 million yuan in environmental protection facilities, achieving zero wastewater discharge and compliant emissions [8] - The company emphasizes the balance between short-term profits and long-term strategies, contributing to national low-carbon reduction efforts [8] - The company's commitment to integrity, innovation, and quality has established it as a competitive player in the high-value precious metals industry [6]

Investment Rating - The report maintains an "Overweight" rating for the non-ferrous metals sector [5] Core Insights - Prices for various cobalt categories have risen, with lithium hexafluorophosphate reaching a nearly two-year high [1] - The report highlights the increasing prices of lithium concentrate and cobalt, indicating a positive trend in the new energy vehicle materials sector [1][4] - The report suggests focusing on companies with cost advantages and resource expansion potential in the lithium mining sector, such as Salt Lake Co., Cangge Mining, and Tianqi Lithium [4] Summary by Relevant Sections Cobalt and New Materials - Electrolytic cobalt price is at 398,000 CNY/ton, up 8.2% week-on-week, with a price ratio of electrolytic cobalt to cobalt powder at 0.81, down 1.2% [1][10] - Lithium concentrate (Li2O 5%) price is 795 USD/ton, up 8.16% week-on-week [1][29] - Cobalt sulfate price is 89,900 CNY/ton, up 0.96% week-on-week [37] New Energy Vehicle Materials - Prices for battery-grade lithium hydroxide and carbonates remain stable, with battery-grade lithium carbonate price at 73,800 CNY/ton [29] - The price of lithium iron phosphate is 334,000 CNY/ton, with a week-on-week increase of 0% [39] - The report notes a significant increase in the production and penetration rate of new energy vehicles, with September 2025 production at 1.6169 million units, up 16.3% month-on-month [25][26] Photovoltaic Materials - Photovoltaic-grade polysilicon price is 6.51 USD/kg, down 0.3% week-on-week, while EVA price is 10,900 CNY/ton, down 0.9% [2] - The report indicates that the price of photovoltaic glass remains stable at 24.0 CNY/sqm [2] Uranium and Nuclear Materials - Uranium price is at 62.88 USD/lb, up 6.6% week-on-week [2] - Prices for zirconium-related materials remain stable, with no significant changes reported [2] Other Materials - The price of lithium cobalt oxide is 376.0 CNY/kg, up 3.3% week-on-week [3] - The report highlights the increase in rhodium prices, with a current price of 21,150 CNY/kg, up 0.5% [3]