VIRGINIA CITY, Nev., Jan. 07, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) and Comstock Metals LLC (“Comstock Metals”), a leader in the responsible recycling of end-of-life solar panels with the only certified, north American, zero-landfill solution, announced today that it has received its Air Quality Permit from the Nevada Division of Environmental Protection – Bureau of Air Pollution Control (NDEP-BAPC), for the processing of waste solar panels and photovoltaics for ...

欢迎加入交易理想国知识星球 作者 | 刘诗瑶 来源 | 紫金天风期货研究所 编辑 | 杨兰 审核 | 浦电路交易员 引言 当地时间1月3日凌晨，委内瑞拉首都加拉加斯多处地区遭遇美军持续约一小时的轰炸，具体地点包括军用机场、国防部、港口等目标。期间美军 三角洲特种部队抓获了熟睡中的该国总统马杜罗及其夫人，并将他们带往美国。最新消息，1月5日联合国安理会在纽约联合国总部就委内瑞拉局 势举行紧急会议。会上，多国声援委内瑞拉，中国、俄罗斯等多国代表就美国对委军事行动表示强烈谴责。 美委冲突的爆发，本质上是地缘政治博弈与资源争夺的必然结果。除去原油之外，委内瑞拉也同样拥有丰富的有色金属及贵金属资源。我们就本 次冲突对有色金属（铜、铝、镍）、贵金属（黄金、白银、铂、钯）市场以及可能产生的产业链成本冲击产生的可能性做出分析，并对当下企业 如何应对本次局面给出建议。预计本次文章阅读需要15-20分钟的时间。 目录 地缘政治风险传导机制 01 委内瑞拉金属资源分布与出口依赖度 委内瑞拉金属资源呈现高度集中化分布格局。如奥里诺科铁矿带储量占委内瑞拉铁矿总储量的92%，探明储量达210亿吨，平均品位达 45%-65%，是全球最大未 ...

January 6, 2026 03:54 AM GMT Energy and Materials | Asia Pacific Indonesia Trip Day 1 Takeaway On the first day of our Indonesia trip we met with multiple nickel, cobalt, coal, and energy companies. The government has a significant focus on raising nickel prices by cutting quotas, improving domestic natural gas availability, and raising downstream value addition in the mining sector. Mining management have a clear worry about tax/ royalty changes, considering the rise in export taxes for gold and coal that ...

1月7日，港股铝业股拉升走高，其中，南山铝业国际盘初大涨至13%，创新实业目前涨4.9%，中国宏桥 涨2%，三者盘中均刷新历史新高。 | 代码 | 名称 | 最新价 | 涨跌幅 ▽ | | --- | --- | --- | --- | | 02610 | 南山铝业国际 | 58.500 | 7.54% | | 02788 | 创新实业 | 23.980 | 4.90% | | 02600 | 中国铝业 | 13.530 | 1.96% | | 01378 | 中国宏桥 | 35.840 | 1.64% | | 02078 | 荣阳实业 | 0.135 | 0.75% | | 00486 | 俄铝 | 4.910 | 0.41% | 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 消息上，欧洲因电价上涨而导致生产受限，正在持续消耗全球库存，而来自建筑和可再生能源领域的需 求前景依然强劲。铝期货去年上涨17%，创下2021年以来的最大涨幅。在供应前景趋紧和长期需求预期 的推动下，铝价逾三年来首次突破每吨3000美元。 中金认为，从平衡表的角度来看，2026年铝或表现得比铜更紧，且流动性利好带来的金 ...

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the reports. 2. Core View The reports present cross - market, cross - period, spot - futures, and cross - variety arbitrage tracking data for various non - ferrous metals on January 7, 2026, including copper, zinc, aluminum, nickel, lead, and tin, helping investors identify potential arbitrage opportunities. 3. Summary by Related Catalogs Cross - Market Arbitrage Tracking - **Copper**: On January 7, 2026, the domestic spot price was 103,600, the LME price was 13,375, and the ratio was 7.55. The spot import equilibrium ratio was 7.93, with a loss of 1,275.62; the spot export profit was 1,514.20. The March ratio was 7.77 [1]. - **Zinc**: The domestic spot price was 24,340, the LME price was 3,202, and the ratio was 7.60. The spot import equilibrium ratio was 8.34, with a loss of 2,367.48. The March ratio was 5.41 [1]. - **Aluminum**: The domestic spot price was 23,910, the LME price was 3,093, and the ratio was 7.73. The spot import equilibrium ratio was 8.33, with a loss of 1,869.78. The March ratio was 7.76 [1]. - **Nickel**: The domestic spot price was 141,150, the LME price was 17,370, and the ratio was 8.13. The spot import equilibrium ratio was 8.02, with a profit of 440.63 [1]. - **Lead**: The domestic spot price was 17,425, the LME price was 1,994, and the ratio was 8.70. The spot import equilibrium ratio was 8.59, with a profit of 225.30. The March ratio was 11.92 [3]. Cross - Period Arbitrage Tracking - **Copper**: On January 7, 2026, the spreads between the next - month, March, April, and May contracts and the spot - month contract were 4,130, 4,250, 4,230, and 4,180 respectively, while the theoretical spreads were 608, 1,114, 1,629, and 2,144 [4]. - **Zinc**: The spreads were 495, 545, 575, and 590, and the theoretical spreads were 222, 350, 478, and 606 [4]. - **Aluminum**: The spreads were 725, 785, 815, and 865, and the theoretical spreads were 229, 359, 489, and 619 [4]. - **Lead**: The spreads were 145, 170, 175, and 205, and the theoretical spreads were 212, 320, 428, and 536 [4]. - **Nickel**: The spreads were 6,050, 6,270, 6,550, and 6,880 [4]. - **Tin**: The 5 - 1 spread was 1,040, and the theoretical spread was 7,153 [4]. Spot - Futures Arbitrage Tracking - **Copper**: The spreads between the current - month and next - month contracts and the spot were - 2,445 and 1,685 respectively, and the theoretical spreads were - 107 and 1,066 [4]. - **Zinc**: The spreads were - 540 and - 45, and the theoretical spreads were 101 and 242 [4]. - **Lead**: The spreads were - 50 and 95, and the theoretical spreads were 100 and 216 [5]. Cross - Variety Arbitrage Tracking - **Cross - Variety Ratios**: On January 7, 2026, the Shanghai (three - continuous) ratios for copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc were 4.33, 4.32, 6.01, 1.00, 1.39, and 0.72 respectively. The LME (three - continuous) ratios were 4.07, 4.23, 6.38, 0.96, 1.51, and 0.64 [5].

Deep-pocketed investors have adopted a bullish approach towards Alcoa (NYSE:AA), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AA usually suggests something big is about to happen.We gleaned this information from our observations today when Benzinga's options scanner highlighted 45 extraordinary options activities for Alcoa. This level ...

今日（2026年1月6日）有色金属市场迎来政策与资金的双重催化，铜价创历史新高、锂矿板块批量涨 停，行情分化格局下，绿色消费政策成为引爆产业的核心引擎。商务部等9部门昨日发布的绿色消费推 进行动通知，从绿色产品供给、循环回收等七大维度构建政策体系，为铜、稀土、锂等新能源相关金属 打开成长空间，而铝等品种则面临供需过剩的压力考验。政策红利精准滴灌，再生金属成最大赢家。此 次9部门通知明确提出推动废旧物品回收再利用、构建资源循环体系，与八部门此前提出的"2025-2026 年再生金属产量突破2000万吨"目标形成协同。业内预测，2025年资源循环利用产业年产值将达5万亿 元，再生铜、再生铝等品种将直接受益于废旧家电、汽车以旧换新带来的原材料供给增量。西部金属材 料今日披露的9.16亿元关联交易预案，正是瞄准产业链协同布局，其关联企业西部超导2025年前三季度 7.37亿元净利润，印证了高端金属材料领域的高景气度。 行情分化下，铜锂领涨逻辑清晰。铜价昨夜内外盘联袂走高，LME铜创历史新高，核心驱动在于新能 源汽车、光伏电站的刚性需求与供给短缺的矛盾。数据显示，新能源汽车用铜量是传统燃油车的3-4 倍，光伏电站每GW ...

5 January 2026 | 8:20PM HKT Equity Research CHINA BASIC MATERIALS 2026 outlook - supply to set the path apart 2) Anti-involution (on oversupplied segments) remains a multi-year strategic policy effort. Potential changes in capacity management that drive the next 10% improvement in industry capacity utilization could lead to highly leveraged earnings revisions from where we are. We see meaningful progress in the capacity work in cement and coal, but slower than expected in steel. We expect a more stable year ...

Aluminum stock Alcoa Corp (NYSE:AA) is surging to three-year highs today, last seen up 7.3% at $60.67. Up roughly 40% in the last month, the equity has recently caught the attention of investors. This rally could still have legs, too, as its recent peak comes amid historically low implied volatility (IV). According to data from Schaeffer’s Senior Quantitative Analyst Rocky White, there have been five instances in the past five years when AA traded within 2% of its 52-week high, while its Schaeffer’s Volatil ...

Core Insights - Alcoa Corporation's Aluminum segment is experiencing strong demand in North America and Europe, particularly in the electrical and packaging markets, alongside progress on the San Ciprián smelter restart [1][8] Demand and Market Trends - The demand for aluminum has significantly increased due to the rising popularity of lighter and energy-efficient electric vehicles, recycled aluminum, and rechargeable batteries. Additionally, the growth in global air travel has led aircraft manufacturers to increase production, boosting demand for aluminum alloys [2] Production and Financial Performance - In Q3 2025, Alcoa's aluminum production rose by 1% sequentially to 579,000 metric tons, with third-party revenues increasing by 4% due to higher average realized prices. The U.S. administration's decision to raise tariffs on imported aluminum to 50% has positively impacted domestic producers like Alcoa by increasing aluminum prices [3][8] - Alcoa anticipates aluminum production for 2025 to be between 2.3 million and 2.5 million tonnes, with shipments expected to range from 2.5 million to 2.6 million tonnes [4][8] Peer Comparison - Constellium SE's Packaging & Automotive Rolled Products segment saw shipments increase by 4% year-over-year to 820,000 metric tons in the first nine months of 2025, with revenues rising by 17% to $3.2 billion [5] - Olympic Steel, Inc.'s Specialty Metals Flat Products segment achieved its highest shipping volume in three years, with shipments up 6.1% year-over-year to 96,911 metric tons and revenues increasing by 5% to $405.1 million [6] Stock Performance and Valuation - Alcoa's shares have increased by 27.2% over the past month, outperforming the industry's growth of 24.1% [7] - The company is currently trading at a forward price-to-earnings ratio of 12.28X, which is above the industry's average of 11.80X, and holds a Value Score of B [9] - The Zacks Consensus Estimate for Alcoa's 2025 earnings has risen by 7.5% over the past 60 days, indicating positive sentiment [10]