Core Viewpoint - The company, Suotong Development (603612.SH), has signed a joint venture agreement with EGA to establish a company in the UAE for a 300kt/a prebaked anode project, with an estimated total investment of up to $295 million (approximately 2.084 billion RMB) [1] Group 1: Joint Venture Details - The joint venture aims to enhance the company's overseas capacity and expand its global market presence [1] - EGA is recognized as the largest high-purity aluminum producer globally and the largest industrial enterprise in the UAE outside of oil and gas [1] - The partnership with EGA, which has been ongoing for nearly 20 years, positions the company to leverage EGA's extensive experience and market reach [1] Group 2: Project Investment and Capacity - The estimated total investment for the project is capped at $295 million, subject to actual investment conditions [1] - The project will focus on a production capacity of 300kt/a for prebaked anodes [1] - EGA's current electrolytic aluminum production capacity stands at approximately 2.7 million tons [1]

每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ （记者 王晓波） 每经AI快讯，索通发展（SH 603612，收盘价：23.29元）12月16日早间发布公告称，公司第五届第二十 四次董事会会议于2025年12月14日在公司会议室以现场结合通讯方式召开。会议审议了《关于提请董事 会授权董事长签署本次对外投资相关文件的议案》等文件。 2025年1至6月份，索通发展的营业收入构成为：阳极分部占比95.62%，负极分部占比4.02%，电容器分 部占比0.99%，分部间抵销占比-0.63%。 ...

证券代码：603612 证券简称：索通发展 公告编号：2025-072 索通发展股份有限公司 关于对外投资暨与阿联酋环球铝业公司（EGA）签署合资协议 的公告 3.因阿联酋的法律法规、商业环境、文化等有其地域特点，合资公司未来可 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资标的名称：合资公司名称暂未确定，需以阿联酋当地有权机构注册 核定名称为准（以下简称"合资公司"） 投资项目名称：300kt/a 预焙阳极项目（一期）（以下简称"投资项目"） 投资金额：暂估项目总投资不超过 2.95 亿美元（折合人民币约为 20.84 亿元）（按照 2025 年 12 月 15 日的中国人民银行美元兑人民币汇率中间价计算， 下同），具体以实际投资情况为准。索通发展股份有限公司（以下简称"公司" 或"索通发展"）投资金额约为 1.6225 亿美元（折合人民币约为 11.46 亿元，其 中资本金约占 40%），持有合资公司 55%的股权；阿联酋环球铝业公司（Emirates Global Aluminium PJSC，以下 ...

证券代码：603612 证券简称：索通发展 公告编号：2025-071 表决结果：8 票赞成，0 票反对，1 票弃权，0 票回避。 2.审议并通过《关于提请董事会授权董事长签署本次对外投资相关文件的议 案》。 表决结果：8 票赞成，0 票反对，1 票弃权，0 票回避。 郎诗雨董事审议议案后认为：本次对外投资属于重大境外投资事项，存在项 目总投资额高、回报周期偏长、不可控因素较多等问题，项目的实施存在一定的 风险，基于审慎原则，对上述两项议案投弃权票。 索通发展股份有限公司 第五届董事会第二十四次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 索通发展股份有限公司（以下简称"公司"）第五届董事会第二十四次会议 于 2025 年 12 月 9 日以电子邮件方式向全体董事发出会议通知，于 2025 年 12 月 14 日在公司会议室以现场结合通讯方式召开。本次会议应出席董事 9 名，实际 出席董事 9 名。会议由董事长郎光辉先生主持。本次会议的召集、召开符合有关 法律、行政法规、部门规章、规范性 ...

Core Viewpoint - The company, Suotong Development, has signed a joint venture agreement with EGA to establish a company in the UAE for a 300kt/a prebaked anode project, with a total estimated investment of up to $295 million (approximately 2.084 billion RMB) [1] Group 1: Joint Venture Details - The company will invest approximately $162.25 million (about 1.146 billion RMB) in cash into the joint venture, holding a 55% stake [1] - The funding sources for the investment include self-owned funds of about 460 million RMB and bank loans, with the investment being made through overseas investment filing (ODI) [1] Group 2: Strategic Importance - This joint venture project is a significant step for the company in expanding its production capacity overseas and aligns with the "Belt and Road" initiative [1] - The UAE government is actively promoting this cooperation, and successful implementation of the project could serve as a model for collaboration between China and the UAE [1] - Upon production, the products will not only supply EGA but also target the Middle East and European electrolytic aluminum markets, aligning with the company's strategic planning and long-term interests [1]

索通发展12月16日早间公告，公司与阿联酋环球铝业公司（EGA）签署了《合资协议》，共同出资在 阿联酋设立合资公司，在阿联酋建设300kt/a预焙阳极项目（一期），暂估项目总投资不超过2.95亿美元 （折合人民币约为20.84亿元）。公司通过新设子公司向合资公司投资约1.6225亿美元（折合人民币约为 11.46亿元，其中资本金约占40%），持有合资公司55%的股权；EGA或其控制的主体向合资公司投资约 1.3275亿美元（其中资本金约占40%），持有合资公司45%的股权。合资公司设立董事会，董事会由5名 董事组成，其中索通发展有权任命3名董事，EGA有权任命2名董事；索通发展有权任命、替换或罢免 董事会主席。 ...

格隆汇12月16日｜索通发展公告，公司与阿联酋环球铝业公司(EGA)签署了《合资协议》，共同出资在 阿联酋设立合资公司，在阿联酋建设300kt/a预焙阳极项目(一期)，暂估项目总投资不超过2.95亿美元(折 合人民币约为20.84亿元)，具体以实际投资情况为准。索通发展股份有限公司投资金额约为1.62亿美元 (折合人民币约为11.46亿元，其中资本金约占40%)，持有合资公司55%的股权；阿联酋环球铝业公司投 资金额约为1.33亿美元(其中资本金约占40%)，持有合资公司45%的股权。 ...

Core Viewpoint - The company has signed a joint venture agreement with Emirates Global Aluminium (EGA) to establish a joint venture in the UAE for a 300kt/a prebaked anode project, with a total estimated investment of up to $295 million [1] Investment Details - The total estimated investment for the project is not to exceed $295 million, approximately 2.08 billion RMB, subject to actual investment conditions [1] - The company will invest approximately $162 million, around 1.15 billion RMB, holding 55% of the joint venture [1] - EGA will invest approximately $133 million, with a 45% stake in the joint venture [1]

Investment Rating - The report maintains a "Buy" rating for several companies in the non-ferrous metals sector, including Shandong Gold, Zijin Mining, and others [3][6]. Core Views - The report highlights that the Federal Reserve's interest rate cut and balance sheet expansion are favorable for precious metals, with expectations of further rate cuts in 2026 [1][35]. - For industrial metals, the report notes that copper inventories are increasing in the U.S., while non-U.S. regions face supply tightness, which could lead to a short squeeze [2]. - The aluminum market is supported by positive macroeconomic policies and low inventory levels, leading to a strong price floor [2]. - Nickel prices are expected to remain low due to seasonal demand weakness [2]. - Lithium prices are experiencing fluctuations due to supply disruptions, while cobalt supply is set to increase with the resumption of exports from the Democratic Republic of Congo [2]. Summary by Sections Precious Metals - The Federal Reserve's recent actions are expected to boost liquidity and support precious metal prices [1][35]. - The market anticipates two rate cuts in 2026, which could influence precious metal investments positively [1][35]. Industrial Metals - **Copper**: U.S. copper inventories are rising, while low inventories in non-U.S. regions raise concerns about supply [2]. - **Aluminum**: The aluminum market is experiencing a strong price support due to positive economic data and low inventory levels [2]. - **Nickel**: Nickel prices are projected to remain low as demand enters a seasonal downturn [2]. Energy Metals - **Lithium**: Prices are fluctuating due to supply disruptions, with recent increases in lithium carbonate prices [2]. - **Cobalt**: The resumption of cobalt exports from the Democratic Republic of Congo is expected to stabilize supply and maintain high price levels [2]. Key Companies to Watch - The report suggests monitoring companies such as Shandong Gold, Zijin Mining, and others for potential investment opportunities [1][2][6].

（文章来源：证券日报） 证券日报网讯 12月9日晚间，索通发展发布公告称，截至2025年12月8日，股东宁波宁聚资产管理中心 （有限合伙）－宁聚映山红3号私募证券投资基金通过集中竞价方式减持公司股份4，980，000股，占公 司总股本的0.9998%，本次减持计划实施完毕。 ...