Industry Investment Rating - The industry investment rating is maintained at "Outperform the Market" [1] Core Views - The report highlights that geopolitical events are accelerating the de-dollarization process, leading to a broad increase in commodity prices [4] - Precious metals are recommended for strong holding due to rising demand driven by political events and net selling pressure on U.S. Treasury bonds, with gold and silver prices increasing by 8.30% and 14.80% respectively [4] - Copper prices have risen by 1.09% due to a temporary easing of European risks, but there are signs of weak demand from downstream sectors [5] - Aluminum prices are expected to rise as supply continues to grow while demand shows signs of stabilization [5] - Tin prices have rebounded significantly due to macroeconomic factors and uncertainties in supply from conflict regions [6] - Lithium prices are on the rise due to low inventory levels and strong demand expectations, indicating a potential upward trend [6] Summary by Sections Industry Overview - The closing index for the industry is at 9972.0, with a weekly high of 9972.0 and a low of 4295.55 [1] Price Movements - Basic metals saw price changes: copper up 1.09%, aluminum up 0.25%, zinc up 1.08%, lead down 1.43%, and tin up 13.57% [19] - Precious metals experienced significant increases: gold up 8.30% and silver up 14.80% [19] - Lithium carbonate prices surged by 13.25% due to supply constraints [19] Inventory Levels - Global visible inventory changes: copper increased by 38,104 tons, aluminum by 21,952 tons, zinc by 2,662 tons, lead by 12,077 tons, tin by 16 tons, and nickel decreased by 1,711 tons [33][35]

Core Viewpoint - The company is actively advancing its mining and processing projects, with specific timelines and production targets outlined for its subsidiary, Guangxi Youse Limu Mining Co., Ltd [2] Group 1 - The company announced plans for a mining transformation project with a capacity of 600,000 tons per year [2] - A mineral processing project is set to have an annual capacity of 1.5 million tons [2] - The first phase of the comprehensive utilization project for tantalum and niobium (tungsten and tin) resources is also in progress [2]

证券日报网讯1月22日，新金路（000510）在互动平台回答投资者提问时表示，公司于2026年1月17日披 露了《关于子公司广西有色栗木矿业有限公司收到复工通知的公告》，栗木矿业已取得"开工令"，目前 正按照计划和要求推进采矿、选矿、冶炼项目建设工作。 ...

证券日报网讯1月22日，新金路（000510）在互动平台回答投资者提问时表示，截至2025年12月31日， 公司股东总户数48733户。 ...

证券日报网讯1月22日，新金路（000510）在互动平台回答投资者提问时表示，截至2026年1月20日，公 司股东总户数62463户。 ...

Group 1 - The company, Xinjinlu (000510), stated that it fulfills its information disclosure obligations according to relevant regulations [1] - The company will issue an annual performance forecast within one month after the end of the accounting year if it meets the criteria for disclosure [1]

Group 1 - The chemical raw materials sector increased by 0.17% on January 21, with Xinjinlu leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] - Notable gainers in the chemical raw materials sector included Xinjinlu, which rose by 10.03% to a closing price of 17.99, and Jinrui Mining, which increased by 10.00% to 15.18 [1] Group 2 - The chemical raw materials sector experienced a net outflow of 232 million yuan from institutional funds, while retail investors saw a net inflow of 306 million yuan [2] - Major stocks with significant net inflows included Xinjinlu with 177 million yuan and Baofeng Energy with 104 million yuan [3] - Conversely, stocks like Huarong Chemical and Xinjiang Tianye faced declines of 4.72% and 4.15%, respectively [2]

声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 2026年1月21日，新金路（sz000510）触及涨停，涨停价17.99元，涨幅10.03%，总市值116.67亿元，流 通市值109.14亿元，截止发稿，总成交额13.70亿元。 根据喜娜AI异动分析，新金路涨停原因可能如下，矿业布局+资金注入+机构净买： 1、新金路处于战略 转型期，旗下子公司对钽铌钨锡等战略金属项目开展投资，这让公司业务更多元化，契合当下资源领域 发展趋势。子公司复工复产且进行增资扩股，引入2.35亿战略资金用于采矿、选矿、冶炼项目，有助于 增强公司在矿业领域的发展潜力。 2、从行业方面来看，当前市场对稀缺金属资源关注度较高，新金路 布局钽铌钨锡等战略金属项目，具备一定的市场吸 ...

Core Viewpoint - The chemical industry is experiencing a significant upward trend, driven by a combination of cost support, demand recovery, and supply optimization, leading to a tighter supply-demand balance [4][12]. Group 1: Industry Performance - As of January 19, the Shenwan Basic Chemical Index rose by 2.70%, reaching 4758.50 points, with leading stocks like Xinxiang Chemical Fiber and Letong Co. hitting the daily limit [1][8]. - Multiple chemical products have seen collective price increases, including propylene, ammonium sulfate, acetone, and lithium hydroxide, driven by upstream oil price stabilization and pre-holiday stocking demand [3][11]. Group 2: Market Dynamics - The current price increase in chemical products is attributed to three main factors: cost support from stable oil prices, reduced effective capacity due to pre-holiday maintenance, and concentrated demand from downstream sectors [4][12]. - The industry is witnessing a trend of mergers and acquisitions as companies seek to expand into high-value sectors, such as integrated circuit materials and high-end electronic chemicals [5][13]. Group 3: Policy and Future Outlook - The Ministry of Industry and Information Technology and other departments have issued a plan aiming for an annual growth of over 5% in the petrochemical industry from 2025 to 2026, focusing on technological innovation and high-quality development [5][14]. - The Shandong Provincial Government has set a target for the petrochemical industry to achieve over 5% year-on-year growth by 2026, emphasizing the importance of high-end chemical products [6][14]. - The industry is transitioning from chaotic expansion to a phase of stable growth and transformation, supported by both national and local policies [7][15].

新京报贝壳财经讯 1月19日，新金路发布公告称，公司股票于2026年1月15日、16日、19日连续3个交易 日收盘价格涨幅偏离值累计超20%，属于股票交易异常波动的情形。公司自查并向大股东、实控人核 实，前期披露信息无更正补充，未发现公共传媒报道重大未公开信息，生产经营正常，不存在应披露未 披露重大事项，大股东、实控人及其一致行动人在异动期间无买卖公司股票行为，也无违反公平信息披 露规定情形。 ...