blame | history | raw
Cai
2 days ago 22384865fbdb92c4ce603c137b1cac52ab6450ba 
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fact_id,case_id,batch_id,sub_batch_id,run_id,doc_id,fact_type,metal_tags,theme_tags,evidence_text,source_location,page_no,converted_text_path,raw_file_path,raw_sha256,confidence,review_status,created_at


YS-B3-F-00001,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,indicator_sentence,锡,price, 有色金属本周涨幅最大是锡（+9.89%）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00002,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,indicator_sentence,钨,price, 有色金属本周跌幅最大是钨（-5.65%）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00003,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,fact_or_view_sentence,铜,price, 基本金属：1）铜：LC维持高价差，美国虹吸持续，COMEX增库，LME库,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00004,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,risk_sentence,铜,supply|risk,全球湿法铜占16%，关注硫酸对供应的扰动。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00005,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,fact_or_view_sentence,铜,company,铜陵有色/河钢资源/中国有色矿业/江西铜业/五矿资源/中矿资源/西部矿业/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00006,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,fact_or_view_sentence,铝,inventory,2）铝：SMM统计截至5月8日电解铝社会库存144.1,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00007,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,indicator_sentence,铝,inventory,铝库存下行至35.6万吨，为近几年较低位，持续去库。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00008,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,risk_sentence,铝,supply|risk,我们看好供给扰动下全年铝价走势，铝企业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00009,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,fact_or_view_sentence,铝,company,关注云铝股份/神火股份/中国宏桥（H）/创新实业（H）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00010,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,fact_or_view_sentence,铝,company,/天山铝业/中国铝业/南山铝业国际（H）/宏桥控股/焦作万方/中孚实业等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00011,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,fact_or_view_sentence,锂,price, 小金属：1）锂：锂价强势上涨，测试20万关口。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00012,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0001,fact_or_view_sentence,锂,price,20万关口短期测试之后，持续看涨锂价。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘伟洁，@张伟鑫12397885093904.txt,ana-data/cases/有色案例/raw/@刘伟洁，@张伟鑫12397885093904,16285e3ed2dce3bd4bd957c015e9036b131300892ce161ce73f49c66cf6ba434,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00013,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,fact_or_view_sentence,铝,inventory|supply, 1、行业观点 1：铝全球库存持续去化，进口盈亏再创十年新低,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00014,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,indicator_sentence,铝,inventory, 事件：根据钢联数据，2026 年 5 月 28 日国内铝锭社会库存 140.1 万吨，环比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00015,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,indicator_sentence,铝,price|inventory,上周四下降 0.7 万吨， 铝棒库存19 万吨， 环比上周四下降2.05 万吨，LME 铝,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00016,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,indicator_sentence,铝,inventory,库存 33.8 万吨，环比上周四下降 0.15 万吨，全球铝显性库存 192.9 万吨，环,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00017,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,indicator_sentence,铝,supply,比上周四下降 2.9 万吨，环比本周一下降 1.95 万吨，本周铝进口盈亏平均为-,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00018,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,fact_or_view_sentence,铝,price|inventory,位置， 而受LME 中流通受限的俄铝库存影响， 实际可用库存或仍将持续下降，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00019,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,fact_or_view_sentence,铝,inventory|supply,全球可用库存或伴随实际紧缺的演绎持续下降， 带动本周铝进口盈亏的数据下,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00020,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,fact_or_view_sentence,铝,supply,美伊格局持续磨合下， 中东地区电解铝产能的不安全性也在提升， 我们认为下,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00021,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,fact_or_view_sentence,铝,inventory,半年铝紧缺格局确定， 全球铝价或在库存逐步消耗下逐步震荡上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00022,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,fact_or_view_sentence,铝,price,6 月份的出口格局也将逐步改善，或带动国铝锭以及铝棒的去化， 沪铝价格有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00023,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,fact_or_view_sentence,铝,company,此外，本周受几内亚矿业与地质部长明确该国将于 6 月出台铝土矿出口管控,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00024,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0002,fact_or_view_sentence,铝,price,方案的消息带动，氧化铝期货价格快速上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇14819545114083.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇14819545114083,6b7c0045e1f3b6f1baf4c91d6000aae1ecd093ad77637249a8e0ca02d417b8ef,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00025,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,fact_or_view_sentence,锂|钴|镍,company, 公司镍钴锂一体化布局盈利跃升， 高分红共享成长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00026,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,fact_or_view_sentence,锂|钴|镍,company,受益于镍钴锂量价齐升， 公司一体化优势持续释,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00027,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,fact_or_view_sentence,镍,company, 镍价底部明确，公司印尼持续扩张，湿法镍规模有望翻倍。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00028,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,fact_or_view_sentence,镍,price|cost|policy,新镍矿 HPM 基准价及硫磺涨价重塑成本曲线， 叠加印尼RKAB 政策收紧， 镍,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00029,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,fact_or_view_sentence,镍,company,2）公司通过投资、参股和包销等方式锁定镍资源累计超过 14,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00030,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,indicator_sentence,镍,company|project,当前公司 12 万吨镍金属量 Pomalaa 项目预计 26 年底前建,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00031,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,indicator_sentence,镍,project,成，6 万吨镍金属量 Sorowako 湿法项目准备工作有序推进，年产 4 万吨镍金,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00032,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,fact_or_view_sentence,镍,supply|company|project,属量华星火法项目开工建设，建成后将进一步巩固公司镍冶炼优势， 公司远期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00033,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,indicator_sentence,镍,supply,湿法镍产能有望翻倍至 36 万吨/年，成长明确。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00034,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,fact_or_view_sentence,钴,policy|company, 刚果金钴配额管控重塑全球供需格局，钴价或高位运行，公司核心受益。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00035,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,fact_or_view_sentence,钴,supply|policy,行业看，2025 年刚果金钴出口配额管控造成全球有效供给锐减，预计 26-27 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00036,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0003,fact_or_view_sentence,钴,policy,全球钴缺口明显，叠加近期配额出口持续延期及刚果金对战略资源管控， 钴价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇23168035100344.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇23168035100344,7c288d08e7e5c829720e0e2aa20c8a7b9ee92fc196122e52bde1b6c000a26da6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00037,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,fact_or_view_sentence,锂,project, 碳酸锂复产顺利，麻米措项目稳步推进。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00038,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,indicator_sentence,锂,supply|company,2025 年公司碳酸锂产量 8808 吨、销,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00039,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,indicator_sentence,锂,supply|project,此外，麻米措拟分两期建设年产 10 万吨碳酸锂产能，首,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00040,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,indicator_sentence,锂,supply|company|project,2026 年第三季度全面投产， 全年碳酸锂产量预计2 至 2.5 万吨， 公司享有权益,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00041,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,indicator_sentence,锂,company,国能矿业一期 3300 吨氢氧化锂产线已顺利贯通。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00042,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,indicator_sentence,锂,company,司计划 2026 年生产电池级碳酸锂 1.64 万吨， 其中藏格锂业预计生产1.1 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00043,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,indicator_sentence,锂,supply,计划 2028 年碳酸锂产量 6-8 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00044,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,fact_or_view_sentence,铜,cost|company, 巨龙铜矿业绩持续亮眼，投资收益贡献超七成利润。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00045,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,indicator_sentence,铜,cost|company,铜矿贡献的投资收益达 27.82 亿元，占公司归母净利润的 72.23%，同比增加,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00046,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,indicator_sentence,铜,supply,巨龙铜矿全年实现铜产量19.38 万吨、 销量19.37 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00047,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,indicator_sentence,铜,cost|company,吨，受益于铜价中枢上移，巨龙铜业实现净利润 91.41 亿元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00048,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0004,fact_or_view_sentence,铜,supply|project,日，巨龙铜矿二期工程已正式建成投产，达产后矿产铜年产量将提高至 30-35,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@刘岗，李梦娇6958195042851.txt,ana-data/cases/有色案例/raw/@刘岗，李梦娇6958195042851,b220a0cb3766d0ccf63128701d3242eda6098f01656e1e7c0e3560a8ee74ec0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00049,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,fact_or_view_sentence,锂,cost,锂云母龙头成本优势显著，看好远期增量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00050,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,fact_or_view_sentence,锂,price|cost,⚫ 碳酸锂 产 销小幅 下降， 全年 销售均价 高于 商 品价格 均值 ，成本优 势 显著 ：,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00051,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,indicator_sentence,锂,supply,2025 年公 司锂盐产量 2.48 万 吨， 销量2.51 万吨 ， 同比分别 下降4.7% 、3.75% 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00052,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,indicator_sentence,锂,price,百川盈孚数据显示， 2025 年 国内电池级碳酸锂 均价 7.6 万元 /吨， 同比-16.1% 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00053,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,indicator_sentence,锂,company,公司 2025 年碳酸锂 平均 售 价 6.5 万元 /吨， 同比 -12.9% ；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00054,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,fact_or_view_sentence,锂,company,⚫ 看好 碳酸 锂远期 增量：2026 年 1 月公司 锂云母绿色 智能 高效提锂综合技改 项,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00055,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,fact_or_view_sentence,锂,supply|company|project,更及矿山改扩建期 间公司有 望保持碳酸锂生产 稳定， 公司 化山矿证载生产规 模,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00056,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,indicator_sentence,锂,supply|company|project,曾于 2024 年扩至 900 万吨 ，预计改扩建完成 后公司碳 酸锂新增产能有望 于,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00057,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,fact_or_view_sentence,锂,price|company,⚫ 投资建议 ：锂电产 业景气反 转，锂价持续上涨， 公司 作为 国内锂云母龙头， 成,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00058,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,risk_sentence,锂,demand|risk,⚫ 风险提示 ： 1）锂盐下游 需求 大幅萎缩的风险 ；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00059,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,fact_or_view_sentence,锂,company,1.【银河有色】 公司点评_永兴材料： 锂价回升， 云,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00060,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0005,fact_or_view_sentence,锂,company,2.【银河有色】 公司点评_永兴材料： 锂价下行拖累,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@华立，阎予露5200055088987.txt,ana-data/cases/有色案例/raw/@华立，阎予露5200055088987,b32f64e6621f8aa589bbcdd45d7497282c6fa469aa26211f4221cd7bb9953038,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00061,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,金,price, 贵金属 ：风波平息后金价有望重回涨势 。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00062,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,金,price|company,当前 市场已充分定价下半年美联储一次加息的黄金价格，若下半,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00063,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,金,price,边际宽松预期的升温，有望驱动金价重回涨势。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00064,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,金,price|company,构以及个人家庭加大购金 与黄金资产配置这一黄金上涨的长期逻辑延续，将支撑,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00065,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,金,price|company,黄金价格的中长期上涨趋势与 A 股黄金板块估值的提升。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00066,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,铜,price,行业 供需基本面趋紧， 叠加 百年变局下铜的战略属性凸显， 价格中枢系,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00067,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,铝,supply,能大规模停产，且大部分产能将停产 6-12 个月，这将造成海外电解铝供应的实质,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00068,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,铝,price|inventory|demand,扩大，国内铝材出口需求景气拉动 国内 电解铝库存去化， 将支撑国内电解铝价格,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00069,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,铝,price|cost,与利润持续上涨的 ，有望驱动 A 股铝行业估值 从底部上行修复。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00070,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,锂,inventory|supply,当前锂电产业链已穿越周期底部，完成过剩产能出清和库存去,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00071,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,锂,price,化，长期供需紧平衡格局下锂价完成筑底迎来价格中枢上调。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00072,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0006,fact_or_view_sentence,钨,supply|demand,升级与进口替代支撑钨下游基本需求，电子、国防等高端制造领域提供需求,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@华立，阎予露，孙雪琪36605745131886.txt,ana-data/cases/有色案例/raw/@华立，阎予露，孙雪琪36605745131886,483839316741b2f9f9b081aa42567091a90be5bad7293e94855e6f6b24b4f34d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00073,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,锂,demand,➢ 【电力设备（电池、电网设备、风电设备）】：储能需求爆发，锂电池产,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00074,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,锂,supply,善，供给端，4 月锂电产业链产能加速释放，排产环比上行；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00075,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,铜|铝|钨,company,价上行，有色金属行业一季报普遍预喜，铝、铜、钨等龙头公司归母净利,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00076,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,铝,supply,袭击后关停，海外铝产能下降短时间内不可逆；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00077,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,镍,supply|policy,供应管控，镍矿政策配额被大幅削减，企业在等待配额审批的同时，只能,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00078,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,稀土,demand|company,能源、军工需求旺盛背景下，以稀土、能源金属为代表的关键矿产正在成,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00079,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,锂,price,图 23：锂原材料价格震荡上行 ................................................................................................................................ 19,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00080,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,稀土,price|company,图 27：稀土价格指数处于历史高位 ......................................................................................................................... 20,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00081,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,银,price,图 35：金、银价格回升 ........................................................................................................................................... 23,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00082,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,锂,price,图 39：碳酸锂、氢氧化锂价格震荡上行 ................................................................................................................. 24,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00083,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,锂,demand,储能需求爆发，锂电池产业供需改善，全球电网投资高增带来出口红利。,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00084,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0007,fact_or_view_sentence,锂,supply,1）锂电池行业供需结构改善，4 月锂电产业链产能加速释放，排产环比上行；,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/@张夏，@陈星宇28263715078952.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28263715078952,7460dc8db0020fced078c16b29ca741befb4b2b0f1f0f94af4717f4a2ffc4344,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00085,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,锂,demand,➢ 【电力设备（电池、电网设备）】：锂电池产业供需改善，电网投资需求,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00086,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,铜,supply,非洲湿法炼铜产能受限，海外冶炼厂已出现减产动作，叠加国内进入密集,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00087,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,锂,inventory|demand,能源车与储能需求高增， 锂盐库存已降至两年低位。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00088,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,稀土,demand|company,需求提升，人形机器人拉动稀土永磁材料需求，2026 年一季度电网、电源,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00089,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,锂|钴|镍,demand,投资实现双增长拉动锂、镍、钴等相关金属消费。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00090,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,锂,price,图 24 ：锂原材料价格震荡上行 ................................................................................................................................. 19,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00091,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,稀土,price|company,图 30 ：稀土价格指数处于历史高位 .......................................................................................................................... 21,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00092,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,金|银,price|company,图 36 ：黄金、白银期货价格月环比下行................................................................................................................... 23,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00093,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,锂,price,图 40 ：碳酸锂、氢氧化锂价格边际下行................................................................................................................... 24,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00094,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,锂,demand,锂电池产业供需改善，电网投资需求高景气。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00095,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,铜,supply,炼铜产能受限，海外冶炼厂已出现减产动作。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00096,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0008,fact_or_view_sentence,铜,supply,叠加国内进入密集检修期，精炼铜产量环比或将收缩。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/@张夏，@陈星宇28837635112536.txt,ana-data/cases/有色案例/raw/@张夏，@陈星宇28837635112536,c8d168c370de6e72ce6e7a73a550ccd2364a63226c1086a73ab4c882fca9f1d8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00097,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,fact_or_view_sentence,金,demand,部分资源品和高新技术及制造业，如工业金属、贵金属、半导体、消费电子、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00098,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,fact_or_view_sentence,铝,supply,运输受阻，中东冶炼产能约占全球铝产量一成，供给紧张推升铝价和地区升水。,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00099,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,risk_sentence,铜|铝|金,cost|risk|company,通行变量会通过油气、电力成本、航运保险和风险偏好影响铜、铝、黄金等有色品种定价。,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00100,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,fact_or_view_sentence,铜|铝|金|稀土,company,色化、数字化改造，支撑铜、铝、稀土、贵金属功能材料等战略资源估值中枢。,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00101,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,risk_sentence,铜|铝,price|risk,估值：有色估值处于资源价格与地缘风险重估阶段，铜看 AI 电力、电网和矿端约束，铝看能源,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00102,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,risk_sentence,金,supply|cost|risk|company,成本与海外供给扰动，黄金看地缘避险和实际利率共振，资源品仍具配置价值。,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00103,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,indicator_sentence,锂,price|inventory|supply,事件：1）5 月 20 日，六氟磷酸锂价格较 5 月初累计上涨约 15%，行业库存仅约一周，供给出,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00104,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,fact_or_view_sentence,锂,price|demand,估值：当前估值水平处于中位，材料价格反弹、储能出货高增和龙头盈利修复共同支撑锂矿、,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00105,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,risk_sentence,铝,supply|cost|risk,看霍尔木兹海峡通行扰动、能源与物流成本变化以及铝等供给溢价；,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00106,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,risk_sentence,铝,risk,但同期航运仍受到安全风险约束，海外报道指出中东铝产业链受霍尔木兹通行受限影响，氧化铝等原料运输受阻，中,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00107,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,fact_or_view_sentence,铝,supply,东冶炼产能约占全球铝产量一成，供应紧张抬升铝价和地区升水。,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00108,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0009,risk_sentence,铜|铝|金,supply|cost|risk,电力成本影响冶炼利润，另一方面通过美元、通胀和风险偏好影响铜铝及贵金属定价；,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清27678935114130.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清27678935114130,fe6b71f34475741d248f31041838c66ffbfb2e7a51bca92c62f1de00296425c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00109,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,锂,demand,产替代加速、储能需求旺盛，芯片、光模块、锂材料量价齐升，盈利较高增长或明显改善；,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00110,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,锂,cost,车、锂电池、医疗器械以及高端制造出口高增或改善，全球产业链份额提升，提升行业毛利。,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00111,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,indicator_sentence,锂,demand,2）4 月 25 日， 亿纬锂能披露一季报， 储能电池一季度出货12.67GWh， 同比增长80.54%，,converted_text_page_28_sentence_scan,28,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00112,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,锂,demand,储能需求爆发，锂电池产业供需改善，全球电网投资高增带来出口红利。,converted_text_page_43_sentence_scan,43,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00113,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,锂,supply,1）锂电池行业供需结构改善，4 月锂电产业链产能加速释放，排产环比上行；,converted_text_page_43_sentence_scan,43,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00114,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,indicator_sentence,铜|铝|钨,cost|company,1）量价上行，有色金属行业一季报普遍预喜，铝、铜、钨等龙头公司归母净利润普遍实现 50%以上甚至翻倍增长。,converted_text_page_43_sentence_scan,43,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00115,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,铝,supply|company,2） 中东最大铝厂阿联酋全球铝业遭袭击后关停， 海外铝产能下降短时间内不可逆；,converted_text_page_43_sentence_scan,43,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00116,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,镍,supply,印尼政府系统性收紧采矿供应管控， 镍,converted_text_page_43_sentence_scan,43,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00117,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,稀土,demand|company,3）AI、新能源、军工需求旺盛背景下，以稀土、能源金属为代表的关键矿产正在成为大国博弈的核心筹码，各国愿意为供,converted_text_page_43_sentence_scan,43,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00118,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,锂,demand,替代加速、储能需求旺盛，芯片、光模块、锂材料量价齐升，盈利较高增长或明显改善；,converted_text_page_54_sentence_scan,54,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00119,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,锂,cost,锂电池、医疗器械以及高端制造出口高增或改善，全球产业链份额提升，提升行业毛利。,converted_text_page_54_sentence_scan,54,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00120,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0010,fact_or_view_sentence,铜|铝|钴|镍|锡,price,铜、锌、锡、钴、镍、铅价格上行，铝价格下行；,converted_text_page_58_sentence_scan,58,ana-data/cases/有色案例/converted/@张夏，李昊阳，@涂婧清32142315088279.txt,ana-data/cases/有色案例/raw/@张夏，李昊阳，@涂婧清32142315088279,441b2f27d409a2d61917a7de00a24c14799c9dee65335ad4737047bace6659a9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00121,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0011,fact_or_view_sentence,锂,demand,2025 年报及 2026 年一季报点评：锂盐出货,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@曾朵红，@阮巧燕4034485079957.txt,ana-data/cases/有色案例/raw/@曾朵红，@阮巧燕4034485079957,4c78821c72c3bf85f6b41b49b84db1936fa6a49f10f1dad9df9085d86e9e649f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00122,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0011,fact_or_view_sentence,锂,cost,点评：Q3 锂盐销量高增， 利润弹性可,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@曾朵红，@阮巧燕4034485079957.txt,ana-data/cases/有色案例/raw/@曾朵红，@阮巧燕4034485079957,4c78821c72c3bf85f6b41b49b84db1936fa6a49f10f1dad9df9085d86e9e649f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00123,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0011,indicator_sentence,锂,cost,毛利率 31.4%，同环比+12.8/+11.6pct，受益锂价上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@曾朵红，@阮巧燕4034485079957.txt,ana-data/cases/有色案例/raw/@曾朵红，@阮巧燕4034485079957,4c78821c72c3bf85f6b41b49b84db1936fa6a49f10f1dad9df9085d86e9e649f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00124,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0011,fact_or_view_sentence,锂,demand,◼ 锂盐出货高增、津巴锂矿可满产满销。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@曾朵红，@阮巧燕4034485079957.txt,ana-data/cases/有色案例/raw/@曾朵红，@阮巧燕4034485079957,4c78821c72c3bf85f6b41b49b84db1936fa6a49f10f1dad9df9085d86e9e649f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00125,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0011,fact_or_view_sentence,锂,demand|company,2025 年公司锂盐出货量 6.9 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@曾朵红，@阮巧燕4034485079957.txt,ana-data/cases/有色案例/raw/@曾朵红，@阮巧燕4034485079957,4c78821c72c3bf85f6b41b49b84db1936fa6a49f10f1dad9df9085d86e9e649f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00126,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0011,fact_or_view_sentence,锂,price|company,26Q1 碳酸锂行业均价 14-15 万元/吨， 但考虑公司有一定的套保影,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@曾朵红，@阮巧燕4034485079957.txt,ana-data/cases/有色案例/raw/@曾朵红，@阮巧燕4034485079957,4c78821c72c3bf85f6b41b49b84db1936fa6a49f10f1dad9df9085d86e9e649f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00127,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0011,fact_or_view_sentence,锂,price|company,◼ 盈利预测与投资评级：考虑到碳酸锂价格上涨，我们预计公司 26-27 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@曾朵红，@阮巧燕4034485079957.txt,ana-data/cases/有色案例/raw/@曾朵红，@阮巧燕4034485079957,4c78821c72c3bf85f6b41b49b84db1936fa6a49f10f1dad9df9085d86e9e649f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00128,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,project,全球布局锂矿资源，木绒项目迎关键节点,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00129,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,company|project,公司 2025 年锂盐业务实现量价齐升， 公司木绒项目顺利推进， 预期未来为公司贡献,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00130,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,price|company,碳酸锂价格走高背景下，公司业绩将稳步释放。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00131,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,indicator_sentence,锂,project,锂资源量 98.96 万吨， 平均品味1.62%， 为四川地区锂矿品味最高的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00132,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,company,木绒锂矿的开发， 将给公司带来较大的增量， 且凭借规模效益,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00133,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,project,锂盐项目已经于 2025 年 8 月开始批量供货，印尼盛拓是目前海外,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00134,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,project,建成的最大规模的矿石提锂项目，在当前锂产品生产技术限制出口,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00135,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,price,碳酸锂供需紧平衡，预期价格维持强势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00136,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,demand,带动下，碳酸锂需求保持快速增长，使得行业供需回归到紧平衡状,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00137,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,company,公司主要业务为碳酸锂， 选取赣锋锂业、 藏格矿业、 天齐锂业为可比公司。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00138,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,price|company,可比公司 2026 年 PE 均值为 57.36 倍，考虑到碳酸锂价格的上升带来盈利,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00139,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0012,fact_or_view_sentence,锂,company,002460.SZ 赣锋锂业 79.75 0.80 1.20 1.68 99.69 66.46 47.47,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/@李鹏飞，@魏雨迪6434885056806.txt,ana-data/cases/有色案例/raw/@李鹏飞，@魏雨迪6434885056806,09b9d6c70ee1e5c4da403a5e39bc7db327c4d80974b3c8a1f0982f6a4bce81cf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00140,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,fact_or_view_sentence,金|银,price,贵金属 ： 加息预期升温， 金银价格承 压下行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00141,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,indicator_sentence,金,price,本周 COMEX 金价下跌 2.57%至 4208 美元/盎司，SHFE,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00142,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,indicator_sentence,金,price,金价下跌 6.41%至 912 元/克；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00143,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,indicator_sentence,银,price,COMEX 银价下跌 1.92%至 68 美元/盎司，SHFE 银价下跌 8.88%至 15972,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00144,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,fact_or_view_sentence,银,price,息概率抬升， 美元指数走强打压金银价格上涨空间。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00145,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,fact_or_view_sentence,金,cost|company,成，加息预期持续抬升黄金无息资 产的持有机会成本，从而 引发了市场对黄金、白 银的抛售行为。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00146,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,fact_or_view_sentence,银,price,对金银而言，市场在“鹰派预期主 导”与“地缘避险托底” 之间形成区间拉锯，金 银价格维持区间,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00147,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,fact_or_view_sentence,金,company,金：紫金黄 金国际、万国黄金集团 、中国黄金国际、山金国 际、山东黄金、招金矿业 、中金黄金、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00148,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,fact_or_view_sentence,金,company,赤 峰 黄 金、湖南黄金、株冶 集团等；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00149,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,risk_sentence,铜|铝,price|risk,基本金属：宏观扰动持续，铜铝价格震荡。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00150,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,fact_or_view_sentence,铜,inventory,1）铜：现货升水表现抬升，电解铜社库去库加快。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00151,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0013,indicator_sentence,铜,price,LME 铜价上涨 1.45%至 13714 美元/吨，SHFE 铜价下跌 0.47%至 104660 元/吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@胡十尹20546475130040.txt,ana-data/cases/有色案例/raw/@胡十尹20546475130040,5e969a660f26828118d9969131c797dbae55ad19b11e70a701451760414d4265,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00152,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,金,company,◼ 传统安全资产的叙事局限于传统黄金、 国债等金融避险资产，当下， 从,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00153,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,稀土,company,份基地、 加大战略资源储备 （石油、 粮食、 稀土） 、 构建多路径物流通道 （中欧班列、 西,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00154,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,金,company,传统安全资产的叙事局限于传统黄金、国债等金融避险资产，当下，从长期战略视,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00155,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,铜|铝|锂|钴|镍|稀土,company,战略性矿产产业：稀土、锂钴镍、铜铝、关键小金属,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00156,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,锂|钴|镍|稀土,company,我国稀土资源禀赋突出但深加工不足，锂钴镍等新能,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00157,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,铜|铝,policy,源金属对外依存度高， 铜铝等工业金属供需缺口持续， 政策启动新一轮找矿突破战略行,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00158,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,稀土,company,我国在高纯稀土材料、特种金属合金、新能源功能材料等领,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00159,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,稀土,company,稀土（采选、分离、功能材料） 《矿产资源法（2024 修订） 》,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00160,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,稀土,company,高纯材料（高纯稀土、高纯金属） 《战略性新兴产业发展规划》,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00161,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,indicator_sentence,铜|铝|锂|镍,price,日，WTI 原油涨幅达 44%、 布伦特原油涨幅42%， 铜、 铝、锂、 锌、 镍等战略金属价格,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00162,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,indicator_sentence,金|银,price|company,传统意义上的避险资产黄金、 白银则下跌15%、,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00163,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0014,fact_or_view_sentence,铜|铝|稀土,demand|company,转型（新能源替代传统能源）带动战略金属需求持续增长，原油、铜、铝、稀土等核心,converted_text_page_15_sentence_scan,15,ana-data/cases/有色案例/converted/@芦哲，@潘京8708905112458.txt,ana-data/cases/有色案例/raw/@芦哲，@潘京8708905112458,ea2dad85b68862b2d7d66363378dc7cb5c467ed8e4c5122d54f9d140c70675b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00164,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,indicator_sentence,锡,supply|company,2025H1，公司锡精矿产量约 3273.80 吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00165,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,indicator_sentence,锑,supply,铅锑精矿产量约 7845.67 吨，同比+4.82%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00166,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,indicator_sentence,锑,supply,锑锭产量约 408 吨，销售约 170.6 吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00167,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,indicator_sentence,锡,cost,锭毛利率为 24.11%，同比-8.54pct，或因为外购锡矿占比提升；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00168,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,indicator_sentence,锑,price,率为 85.63% ，同比 +12.49pct，主要系锑价同比大幅上涨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00169,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,fact_or_view_sentence,铜|锡|锑,price|company,2025H1，公司主要产品价格锡/锑/锌/铅/铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00170,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,fact_or_view_sentence,铜|锡|锑,price,主要产品价格锡/锑/锌/铅/铜分别为 26.33 万元/吨、22.03 万元/吨、2.23 万元,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00171,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,fact_or_view_sentence,铜|锡,project,截至 2025H1，铜坑矿、高峰锡矿、佛子冲铅锌矿保有矿石资源量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00172,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,fact_or_view_sentence,锡|锑,company|project,➢ 投资建议：公司为锡、锑双龙头，矿产资源储量丰富。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00173,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,fact_or_view_sentence,铜|锡,supply|project,峰矿两大矿山的采矿权， 参考2024 年年报数据， 铜坑矿储量锡/锌分别是 3.6/53,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00174,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,indicator_sentence,锡|锑,project,万吨，高峰矿储量锡/锑/铅/锌分别是 9.58/10.05/10.70/33.54 万吨，佛子矿储,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00175,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0015,fact_or_view_sentence,铜,company,此外公司共有矿田铜坑矿深部锌多金属矿、 大厂,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/@邱祖学，@李挺11359694824152.txt,ana-data/cases/有色案例/raw/@邱祖学，@李挺11359694824152,e902d913012b935af0e43a7e307e97e1eb443c960a023f865441edfaa130c6a9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00176,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,钨,company,（1）中钨高新：技术优势，孙公司金洲精,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00177,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,钨,company,（一）中钨高新：核心孙公司金洲精工具备技术优势，但扩产速度略弱 ....................................................................................................... 24,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00178,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,钨,cost,图 28：中钨高新归母净利润情况（亿元） ...................................................................................................................................................... 24,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00179,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,钨,cost,图 30：中钨高新主要产品毛利率情况 ............................................................................................................................................................. 25,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00180,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,铜,cost,设备成本高昂，由于PCB材料（铜、玻璃纤维、树脂）的光学特性差,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00181,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,钨,company,的核心企业为 D 公司、中钨高新旗下的金州精工以及台湾的 Toppoint 尖点科技，国外核心竞争对手为日本的,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00182,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,铜,demand,高端 PCB 需求占比提升将推动 M9 覆铜板市场规模维持中长期增长趋势。,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00183,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,铝,demand,FPC 软板、高导热陶瓷填充板、铝基及各类金属材料的全品类 PCB 加工需求。,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00184,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,钨,company,（一）中钨高新：核心孙公司金洲精工具备技术优势，但扩产速度略弱,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00185,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,钨,company,中钨高新核心孙公司金洲精工是全球 PCB 钻针领先企业。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00186,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,钨,company,中钨高新为中国五矿集团钨产业核心上市平台，业,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00187,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0018,fact_or_view_sentence,钨,company,根据 Wind，中钨高新通过旗下子公司株洲硬质合金集团控股金洲精工公司。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-003_@孙柏阳，@汪家豪，黄晓萍19338775120804.pdf,657f70f700c2aec33660c287250d3c6eefc06f0077cccdbe770b7ce1cd2a1156,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00188,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,fact_or_view_sentence,镍,supply,►印尼 RKAB 近期未有新批复公布，供应担忧对镍矿价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00189,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,fact_or_view_sentence,镍,price,截止到 12 月 12 日，LME 镍现货结算价报收 14420 美元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00190,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,indicator_sentence,镍,price|inventory,吨，较 12 月 5 日下跌 2.04%，LME 镍总库存为 253032 吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00191,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,fact_or_view_sentence,镍,price,沪镍报收 11.57 万元/吨，较 12 月 5,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00192,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,indicator_sentence,镍,price|inventory,"日下跌 1.71%，沪镍库存为 44,677 吨，较 12 月 5 日增加",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00193,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,fact_or_view_sentence,镍,company,镍产业链整体的直接影响有限，但反映出印尼政府海事与矿业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00194,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,fact_or_view_sentence,镍,price|policy,确定性以及配额减少的预测，后市镍矿价格或形成底部支撑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00195,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,fact_or_view_sentence,钴,price,硫酸钴报收 9.02 万元/吨，较 12 月 5 日价格上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00196,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,fact_or_view_sentence,钴,price,四氧化三钴报收 367 元/千克，较 12 月 5 日价格上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00197,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,fact_or_view_sentence,钴,supply,根据 USGS 数据，2024 年全球钴矿产量 29.0 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00198,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,fact_or_view_sentence,钴,policy,刚果金政府现已明确 2025-2027 年钴出口基础配额分别,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00199,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0019,indicator_sentence,钴,supply,口，约减少 16.52 万吨出口供给，占 2024 年全球钴产量的,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-004_@晏溶，熊颖13309334952716.pdf,b8bbf7957eae21eaecbcb3548d329508d8ef35ab2c13c7e9aa644559781b6f71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00200,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,锂|钴|钨|锑,price,碳酸锂价格短期或震荡运行，继续推荐锑钴钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00201,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,镍,price,►印尼 RKAB 审批仍未有明确消息，对镍矿价格或有支,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00202,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,镍,price,"截止到 12 月 5 日，LME 镍现货结算价报收 14,720 美元/",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00203,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,indicator_sentence,镍,price|inventory,"吨，较 11 月 28 日上涨 0.41%，LME 镍总库存为 253,116 吨，",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00204,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,镍,price,沪镍报收 11.77 万元/吨，较 11 月,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00205,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,indicator_sentence,镍,price|inventory,"28 日上涨 0.44%，沪镍库存为 42,508 吨，较 11 月 28 日增加",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00206,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,镍,company,镍产业链整体的直接影响有限，但反映出印尼政府海事与矿业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00207,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,镍,price|policy,确定性以及配额减少的预测，后市镍矿价格或形成底部支撑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00208,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,钴,supply,►上游供应仍旧偏紧，供需格局对钴价有支撑,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00209,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,钴,price,硫酸钴报收 8.85 万元/吨，较 11 月 28 日价格上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00210,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,钴,supply,根据 USGS 数据，2024 年全球钴矿产量 29.0,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00211,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0020,fact_or_view_sentence,钴,policy,刚果金政府现已明确 2025-2027 年钴出口基础配额分,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-005_@晏溶，熊颖13375744945998.pdf,e48f63a472fac56d17bc3d8a4509507024e110d5968f538a06eb67b197a7d2f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00212,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0021,fact_or_view_sentence,锡,price|demand,首先，整体角度，本周锡膏、陶瓷基板等细分方向领涨，AI-PCB 上游新材料新增关注阻燃剂，此外，PCB 上下游后半,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf,435187e75fdffef7073485057b1632592b87108366cdb6f136d62a9b2a4dff33,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00213,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0021,fact_or_view_sentence,铜,demand,我们认为随着后期谷歌和NV 出货叠加，HVLP4 铜箔/lowdk 二代布有望出现,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf,435187e75fdffef7073485057b1632592b87108366cdb6f136d62a9b2a4dff33,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00214,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0021,fact_or_view_sentence,铜,supply,的组成部分之一，虽然价值量不及铜箔电子布，但是从材料升级、供给格局、通胀这3 个角度同样值得重视，例如近,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf,435187e75fdffef7073485057b1632592b87108366cdb6f136d62a9b2a4dff33,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00215,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0021,fact_or_view_sentence,锡,demand,第三，复盘本周其他新材料方向，①锡膏，800G+1.6T 光模块放量拉动锡膏需求，产品等级逐步提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf,435187e75fdffef7073485057b1632592b87108366cdb6f136d62a9b2a4dff33,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00216,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0021,fact_or_view_sentence,锡,price|demand,首先，整体角度，本周锡膏、陶瓷基板等细分方向领涨，AI-PCB 上游新材料新增关注阻燃剂，此外，PCB 上下游后半,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf,435187e75fdffef7073485057b1632592b87108366cdb6f136d62a9b2a4dff33,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00217,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0021,fact_or_view_sentence,铜,demand,我们认为随着后期谷歌和NV 出货叠加，HVLP4 铜箔/lowdk 二代布有望出现,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf,435187e75fdffef7073485057b1632592b87108366cdb6f136d62a9b2a4dff33,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00218,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0021,fact_or_view_sentence,铜,supply,的组成部分之一，虽然价值量不及铜箔电子布，但是从材料升级、供给格局、通胀这3 个角度同样值得重视，例如近,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf,435187e75fdffef7073485057b1632592b87108366cdb6f136d62a9b2a4dff33,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00219,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0021,fact_or_view_sentence,锡,demand,第三，复盘本周其他新材料方向，①锡膏，800G+1.6T 光模块放量拉动锡膏需求，产品等级逐步提升。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf,435187e75fdffef7073485057b1632592b87108366cdb6f136d62a9b2a4dff33,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00220,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0021,fact_or_view_sentence,铜,price,AI 材料-高阶铜箔：HVLP 全系列涨价4 月逐步提价；,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-006_@李阳，@赵铭11891085101150.pdf,435187e75fdffef7073485057b1632592b87108366cdb6f136d62a9b2a4dff33,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00221,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,fact_or_view_sentence,铜,price,作为铜材采购/贸易商，您是否经常面临：1)点价后价格继续下跌，后悔买早了；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00222,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,fact_or_view_sentence,铜,supply,头部矿山 Antofagasta 当周与国内冶炼厂接洽，商议 2026 年 7-12 月半年长单事宜，现货铜矿供应偏紧背,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00223,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,fact_or_view_sentence,铜,supply|demand,及地产板块需求依旧低迷，后半周铜加工企业原料补库意愿提升，行业开工率环比回升，预计下周开工态势,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00224,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,risk_sentence,铜,price|inventory|risk,继续向好，叠加 LME 铜库存持续处于低位 ，市场风险偏好有所回升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00225,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,fact_or_view_sentence,铜,price,趋势研判：阴极铜当前阶段: 上涨中期 - 趋势向上，周期中性 ；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00226,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,fact_or_view_sentence,铜,price,LME铜当前阶段: 上涨中期 - 趋势向上，周期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00227,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,fact_or_view_sentence,铜,price,价格区间：沪铜【101906，107571】，价格重心104738；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00228,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,fact_or_view_sentence,铜,price,伦铜【13137，13995】，价格重心13566。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00229,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,risk_sentence,铜,price|risk,策略建议：沪铜做多风险收益比0.94%（低风险收益比，谨慎参与），伦铜做多风险收益率0.91%（低风险收,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00230,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,fact_or_view_sentence,铜,price,图：从左往右依次是：LME铜/CMX铜/SHFE铜市场交易员持仓情况,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00231,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,fact_or_view_sentence,铜,demand,2、铜价调整，电网订单维稳，建筑地产需求仍低迷，后半周加工企业原料补库意愿增强。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00232,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0022,indicator_sentence,铜,price|inventory,4、LME 铜库存持续下降至 38.5 万吨附近，现货流通偏紧，库存低位对价格形成支撑，限制回调幅度。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-007_傅小燕76107125114518.pdf,4c36fd917cab5511122507c4377caf4042f9f692044a125581da05c95ace745f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00233,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,price,作为铜材采购/贸易商，您是否经常面临：1)点价后价格继续下跌，后悔买早了；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00234,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,inventory,本周铜价在“美联储加息预期压制与低库存、矿端紧缺、现货走强”的多重支撑博弈下，呈现高位震荡、重,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00235,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,price|inventory|policy,国 6 月底精炼铜关税评估节点临近，关税交易持续推进，COMEX 库存稳步累库、LME 区域库存延续去化态,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00236,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,supply|cost,基本面上，全球铜矿供应紧张格局加剧，进口铜精矿 TC 持续下行，矿端紧缺预期进一步强化；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00237,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,price|demand,需求端呈现价格联动特征，铜价回落阶段下,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00238,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,supply|demand,游逢低点价、补库意愿提升，铜杆、线缆、漆包线等行业开工率环比回升，但建筑地产板块需求依旧低迷，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00239,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,price|supply|demand|policy,再生铜行业受政策检查、精废价差收窄影响开工走弱，整体需求随价格波动、刚需主导特征显著。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00240,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,price,趋势研判：阴极铜当前阶段: 上涨中期 - 趋势向上，周期中性 ；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00241,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,price,LME铜当前阶段: 上涨中期 - 趋势向上，周期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00242,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,price,价格区间：沪铜【102009，107667】，价格重心104838；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00243,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,fact_or_view_sentence,铜,price,伦铜【13255，14108】，价格重心13683。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00244,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0023,risk_sentence,铜,price|risk,策略建议：沪铜做多风险收益比1.08%（中等风险收益比，适度参与），伦铜做多风险收益率0.94%（低风险,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-008_傅小燕77046855127513.pdf,8b7860ad01844aa1a910dd6133fbf2f549e27544503867fcf462090c11863455,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00245,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,indicator_sentence,稀土,price|company,稀土：氧化镨钕本期价格为68.99 万元/吨，环比上涨0.30%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00246,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,fact_or_view_sentence,稀土,company,资源端建议关注中国稀土 （中重稀土龙头， 供改最大受益者） 、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00247,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,fact_or_view_sentence,稀土,cost|company,中稀有色（低估、高成长的华南稀土龙头）、北方稀土（轻稀土龙头，低成本优势显著）；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00248,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,indicator_sentence,锡,price,锡： 锡锭本期价格为41.28 万元/吨， 环比下降2.63%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00249,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,fact_or_view_sentence,锡,inventory,我们认为锡锭隐性库存逐步干涸， 因此在宏观流动性回补或科,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00250,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,indicator_sentence,钨,price,钨：钨精矿本期价格52.78 万元/吨，环比上涨23.66%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00251,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,indicator_sentence,锑,price,锑：本期锑锭价格为13.19 万元/吨，环比下降11.43%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00252,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,risk_sentence,锑,supply|demand|risk,锑资源紧缺，海外大矿减产带来全球供应显著下滑，需求稳,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00253,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,indicator_sentence,钼,price,钼：钼精矿本期价格为5080 元/吨，环比上涨2.01%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00254,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,indicator_sentence,钼,price,钼铁本期价格30.90 万元/吨，环比上涨 0.32%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00255,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,fact_or_view_sentence,钼,price|inventory|demand,钢招量景气持续，产业链上下游去库，钼价“有量无价”的僵局逐步打破，上涨通道进,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00256,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0024,fact_or_view_sentence,钼,price|inventory,钼同属军工金属，库存持续低位，海外国防开支增加或进一步拉涨钼价。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-009_吴晋恺，王钦扬13690525126869.pdf,a2dc4f1467964d4a17c8183facc3bc45e4c34e033fdc6a75f5dba6be9a4c5d4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00257,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,indicator_sentence,稀土,price|company,稀土：氧化镨钕本期价格为70.28 万元/吨，环比下降17.33%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00258,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,fact_or_view_sentence,稀土,company,稀土板块将继续演化估值业绩双升，2026 年亦为重点标,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00259,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,fact_or_view_sentence,稀土,company,资源端建议关注中国稀土 （中重稀土龙头， 供改最大受益者） 、 中稀有色 （低估、 高成长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00260,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,fact_or_view_sentence,稀土,cost|company,的华南稀土龙头） 、 北方稀土 （轻稀土龙头， 低成本优势显著） 、 包钢股份 （稀土、 钢铁双轮供改受益） ；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00261,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,indicator_sentence,锡,price,锡：锡锭本期价格为35.30 万元/吨， 环比下降7.63%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00262,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,fact_or_view_sentence,锡,demand,材加工企业或催生较大补库需求，进而利好锡价上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00263,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,indicator_sentence,钨,price,钨：钨精矿本期价格101.96 万元/吨， 环比上涨12.33%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00264,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,indicator_sentence,锑,price,锑：本期锑锭价格为17.10 万元/吨， 环比下降0.64%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00265,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,risk_sentence,锑,supply|demand|risk,来全球供应显著下滑， 需求稳步上行， 全球锑价上行趋势不改。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00266,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,indicator_sentence,钼,price,钼：钼精矿本期价格为 4450 元/吨，环比持平；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00267,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,indicator_sentence,钼,price,钼铁本期价格 27.80 万元/吨，环比下降 1.42%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00268,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0025,fact_or_view_sentence,钨|钼,demand,高， 国内钼价走稳回升:趋势上看， 基于钨价持续新高， 我们认为钼价或受益部分钨需求挤出。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-010_吴晋恺，王钦扬，金云涛13359725039144.pdf,459856a4d2ad440158992163ff2364f79e8aee5ab46b0925e215d96cf42b0924,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00269,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,indicator_sentence,锑,price,"2026 年 4 月 14 日，据长江有色金属网数据，三氧化二锑（99.8%）均价为 144,500",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00270,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,fact_or_view_sentence,锑,supply|policy,作为全球锑资源的核心供应国，国内监管政策的持续收紧使得锑矿开采配额不,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00271,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,fact_or_view_sentence,金,supply|company|project,尽管湖南黄金的新装置已于 2026 年一季度投产并带来新增产能，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00272,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,fact_or_view_sentence,锑,supply,多重因素共同作用下，锑市场供应端呈现出刚性偏紧的格局，为锑价提供了坚,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00273,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,fact_or_view_sentence,锑,supply,我们认为，锑资源供给端的短缺是长期影响，将有力支撑锑价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00274,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,fact_or_view_sentence,锑,demand,需求端阶段性疲软是本轮锑价回调主要原因。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00275,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,indicator_sentence,锑,demand,在锑的传统下游应用领域中，阻燃材料占据约 55%的市场份额，而玻璃行业特,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00276,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,fact_or_view_sentence,锑,demand,作为阻燃协效剂的三氧化二锑，其市场需求与阻燃剂行业高度关联，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00277,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,fact_or_view_sentence,锑,price,锑价短期回调，长期价格中枢有望逐步上移。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00278,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,fact_or_view_sentence,锑,price,三氧化二锑近期的价格回调，本质上是市场正常波动。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00279,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0027,fact_or_view_sentence,金|锡|锑,company,看好锑板块投资机会，提示重点关注湖南黄金、华钰矿业、华锡有色等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-012_吴雁宇3684355065621.pdf,c5190120c324c7038797b2a7405161ea80c3bc1e081afc88f67713e034fcea86,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00280,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0028,indicator_sentence,锑,price,"当日，1#锑锭的市场均价报收 157,750 元/吨，价格波动区间为 156,000 至",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf,a7e362bdf332d46cd8b68fbd056d0d6606e6bb0cf57f1b19667ec3bc8a662b66,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00281,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0028,indicator_sentence,锑,price,"2#锑锭的均价报收 153,150 元/吨，同样下跌 1,000 元/吨，单日跌幅约为 0.65%。",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf,a7e362bdf332d46cd8b68fbd056d0d6606e6bb0cf57f1b19667ec3bc8a662b66,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00282,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0028,fact_or_view_sentence,锑,supply,中国作为全球锑供应的绝对核心，已将锑正式纳入国家战略性矿产及保护性开,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf,a7e362bdf332d46cd8b68fbd056d0d6606e6bb0cf57f1b19667ec3bc8a662b66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00283,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0028,fact_or_view_sentence,锑,supply,据市场综合评估，近期国内锑锭产量环比出现,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf,a7e362bdf332d46cd8b68fbd056d0d6606e6bb0cf57f1b19667ec3bc8a662b66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00284,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0028,fact_or_view_sentence,锑,demand,需求端，光伏玻璃需求疲软是本轮锑价回调主要原因。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf,a7e362bdf332d46cd8b68fbd056d0d6606e6bb0cf57f1b19667ec3bc8a662b66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00285,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0028,fact_or_view_sentence,锑,demand,我们认为，需求端阶段性疲软是本轮锑价回调,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf,a7e362bdf332d46cd8b68fbd056d0d6606e6bb0cf57f1b19667ec3bc8a662b66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00286,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0028,fact_or_view_sentence,锑,demand,重锁定，而需求端受益于阻燃、光伏等新兴科技领域持续增长的背景下，锑的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf,a7e362bdf332d46cd8b68fbd056d0d6606e6bb0cf57f1b19667ec3bc8a662b66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00287,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0028,fact_or_view_sentence,锑,price,我们认为，当前锑价下跌只是阶段性调整，长期上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf,a7e362bdf332d46cd8b68fbd056d0d6606e6bb0cf57f1b19667ec3bc8a662b66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00288,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0028,fact_or_view_sentence,金|锡|锑,company,看好锑板块投资机会，提示重点关注湖南黄金、华钰矿业、华锡有色等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-013_吴雁宇3759635097868.pdf,a7e362bdf332d46cd8b68fbd056d0d6606e6bb0cf57f1b19667ec3bc8a662b66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00289,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0029,fact_or_view_sentence,锡,demand,光模块需求的高增，锡膏用量持续提升，同时用料选择也由传统T3，不断,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-014_尹乐川3591005114408.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-014_尹乐川3591005114408.pdf,f75f8e57a937ea628292e7341b68a69dac6723d4a621ebd8f952810c4c7dd3bc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00290,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0029,fact_or_view_sentence,锡,supply,级别超微锡膏生产能力，看好本土龙头企业受益于光通信、半导体、PCB,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-014_尹乐川3591005114408.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-014_尹乐川3591005114408.pdf,f75f8e57a937ea628292e7341b68a69dac6723d4a621ebd8f952810c4c7dd3bc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00291,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0029,fact_or_view_sentence,锡,demand,需求提升，在高端锡膏牌号实现量价齐升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-014_尹乐川3591005114408.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-014_尹乐川3591005114408.pdf,f75f8e57a937ea628292e7341b68a69dac6723d4a621ebd8f952810c4c7dd3bc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00292,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,fact_or_view_sentence,铝,supply,铝：海外加息预期增强压制宏观情绪， 美伊持续博弈导致海外供应偏紧， 为海,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00293,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,fact_or_view_sentence,铝,inventory,国内铝库存仍处于高位，预计将压制国内铝价。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00294,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,fact_or_view_sentence,金,company,黄金：流动性担忧、加息预期升温与地缘局势反复或使金价短期承压。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00295,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,risk_sentence,锂,supply|demand|risk,锂：碳酸锂供应端扰动仍存，6 月需求端排产情况较好， 阶段性供需偏紧的格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00296,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,fact_or_view_sentence,稀土,price|demand|company,稀土：受下游询单冷清影响， 上下游博弈态势明显， 镨钕产品价格或将维持窄,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00297,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,fact_or_view_sentence,铜,supply|demand,（2）铜矿供给不足叠加 AI、新能源需求带动的铜板块；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00298,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,risk_sentence,铝,policy|risk,短期受中东电解铝生产和出口受阻影响，以及受几内亚出口政策扰动的铝板,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00299,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,risk_sentence,锂,demand|risk,（4）短期国内江西锂矿换证扰动和津巴布韦出口扰动，叠加下游储能需,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00300,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,fact_or_view_sentence,锂,supply,求预期向好，同时原油供应不确定性或加速全球能源转型预期下的锂板块；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00301,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,fact_or_view_sentence,稀土|钨,company,（5）在全球地缘事件频发背景下具备战略资源属性的稀土和钨板块。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00302,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,fact_or_view_sentence,金|钴|钼,company,对洛阳钼业（603993） 、中金黄金（600489）、华友钴业（603799） 、紫金矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00303,ANA-YS-INDUSTRY-001,BATCH-003,SB001,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0030,fact_or_view_sentence,铝,company,业（601899）、中国铝业（601600）的“增持”评级。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-015_张珂11797605123619.pdf,c7389b3b7e5c914cc6c1d57157f2a97f62554765b24932162b676b620b86e0f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00304,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,铜,supply,铜：美债收益率上行和美联储加息预期升温压制铜价上方空间，铜冶炼加工,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00305,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,铝,price|policy,铝：几内亚政策变动或带动铝土矿价格上涨， 有望带动氧化铝价格反弹， 而电,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00306,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,金,company,黄金：短期看， 美债收益率持续走高、 沃什鹰派立场、 加息预期升温三重利空,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00307,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,锂,price|demand,锂：短期碳酸锂下游成交量有所收缩， 下游逢低采买， 预计价格短期内将呈现,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00308,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,稀土,price|demand|company,稀土：我国收紧对日本的稀土出口，需求端表现疲软预期下价格或难有上行,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00309,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,铜,supply|demand,（2）铜矿供给不足叠加 AI、新能源需求带动的铜板块；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00310,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,risk_sentence,铝,policy|risk,短期受中东电解铝生产和出口受阻影响，以及受几内亚出口政策扰动的铝板,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00311,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,risk_sentence,锂,demand|risk,（4）短期国内江西锂矿换证扰动和津巴布韦出口扰动，叠加下游储能需,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00312,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,锂,supply,求预期向好，同时原油供应不确定性或加速全球能源转型预期下的锂板块；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00313,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,稀土|钨,company,（5）在全球地缘事件频发背景下具备战略资源属性的稀土和钨板块。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00314,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,金|钴|钼,company,对洛阳钼业（603993） 、中金黄金（600489）、华友钴业（603799） 、紫金矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00315,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0031,fact_or_view_sentence,铝,company,业（601899）、中国铝业（601600）的“增持”评级。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-016_张珂12101175116751.pdf,d2a0de303c289524db37d8380f601a5afb80f6472c5e42a25417b82856adaba5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00316,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,company,稀土：国之重器，供需格局改善行业景气回升,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00317,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,company,稀土： “现代工业维生素” ，不可再生的稀缺性战略资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00318,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,company,在地壳中分布较为分散的一组金属元素， 可分为轻稀土（ 镧、、 、、 、、 、、 、、 、、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00319,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,company,铕、钆）与重稀土镧铽、镝、钬、铒、铥、镱、镥、钪、钇）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00320,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,supply|company,供给：中国主导稀土全产业链，海外补链进程加速。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00321,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,indicator_sentence,稀土,company,量结构：2025 年全球稀土资源共 8500 万吨 REO，中国占比 51.8%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00322,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,supply|company,虽然在过去十年间稀土供应趋于多元， 但中,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00323,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,supply|company,国在全球稀土资源供应仍占据主导地位。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00324,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,supply|policy|company,镧2） 中国供应： 中国稀土政策直接决定全,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00325,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,supply|company,中国长期实行稀土开采及冶炼分离总量控制， 自2024 年起指标增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00326,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,company,2025 年 8 月 22 日，工信部、发改委、自然资源部发布《稀土开,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00327,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0032,fact_or_view_sentence,稀土,supply|company,采和稀土冶炼分离总量调控管理暂行办法》 ，标志着稀土监管全面提级，或在总量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-017_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-017_张航20638605117036.pdf,2c22549efa27cd61b75bdfea8d004ba4edaa231d8c40907b81287b9e160750a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00328,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,price|policy|company,稀土行业深度：国内政策、供需分析、价格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00329,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,company,稀土被誉为“现代工业维生素”，是不可再生的关键战略资源，凭借独特的磁、光、电性能，成为新能,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00330,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,supply|company,供给侧管理，从 2024 年《稀土管理条例》到 2025 年总量调控办法再到 2026 年行政处罚裁量权的细化，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00331,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,company,与此同时，海外多国将稀土列入关键矿产清单，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00332,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,supply|company,加速构建“去中国化”供应链，但受制于技术、环保与审批等因素，海外新增产能释放缓慢，全球稀土,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00333,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,demand,机器人等新兴赛道的崛起，正推动高性能钕铁硼永磁材料需求持续高增。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00334,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,price|company,错配，有望驱动稀土价格中枢持续上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00335,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,price|policy|company,本报告将围绕稀土行业的政策脉络、供需格局、价格走势及重点公司展开深度梳理，旨在为读者把握稀,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00336,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,company,稀土：“现代工业维生素”，不可再生的稀缺性战略资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00337,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,company,稀土是指化学性质相似、在地壳中分布较为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00338,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,company,理化学性质可分为轻稀土（镧、铈、镨、钕、钜、钞、销、钆）与重稀土（铖、镝、钬、铒、铥、镱、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00339,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0033,fact_or_view_sentence,稀土,company,稀土元素由于其特殊的电子层结构，展现出独特的光学、电学和磁学特性，用于永磁材,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-018_慧博智能投研56916825128110.pdf,0bb22f6b77a690dcfd78dad2125ad6b6112b877390bed8af8c0200730242fe41,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00340,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,fact_or_view_sentence,铜|铝|金|银,company,铜、铝、黄金、白银：中东或迎和解，有色谨慎对待,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00341,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,fact_or_view_sentence,铜,inventory,库存 — 全球铜库存依然保持高位，国内库存企稳。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00342,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,risk_sentence,铜,supply|risk,铜供应端多重扰动，多集中于上游铜精矿。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00343,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,fact_or_view_sentence,铜,inventory|supply|demand,• 铜价重返10万元/吨后，供应收紧与库存去化提供支撑，但高价抑制下游采购，需求边际减弱，叠加宏观不确定性，盘,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00344,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,risk_sentence,铜,supply|risk,• 铜供应端多重扰动，多集中于上游铜精矿。,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00345,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,fact_or_view_sentence,金,supply|cost,从利润传导机 制 观察，中游冶炼厂利润尚可，主要受到副产硫酸，及贵金属,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00346,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,fact_or_view_sentence,铜,price|cost,• 最后 ，铜精矿加工费跌破100美金/吨 大关。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00347,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,indicator_sentence,铜,company,墨西哥 南方铜业公司（运营商）98.3%；,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00348,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,indicator_sentence,铜,company,波兰 波兰铜业股份公司 100% 40 万吨,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00349,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,fact_or_view_sentence,铜,supply,• 中国电解铜产量在基数较高的背景下仍能实现两位数增长 ，体现了中国在全球铜产业链中的重要地位和持续扩张的产能,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00350,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,indicator_sentence,铜,supply,• 2026年 ，中国预计将新增 精炼铜产能约45–70万吨/ 年 ，其中大部分来自技术升级、再生铜和海外资源回流加工。,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00351,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0034,fact_or_view_sentence,铜,supply,铜冶炼产能增长有限，且集中于头部企业。,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-019_杨力19963565127933.pdf,1527cd72d0122c24b3b95c2f323626bdeb897b441bbad664a09a65d63ff99aba,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00352,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,fact_or_view_sentence,铜,supply,供应：矿端方面，自 4 月开始全球铜精矿主要港口出港量同比快速增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00353,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,fact_or_view_sentence,铜,supply|cost,长，但中国铜精矿主要港口到港量同比下降、中国铜精矿进口TC/RC 持续,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00354,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,risk_sentence,铜,risk,停止硫酸出口，智利等依赖中国酸源的浸出铜生产面临扰动；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00355,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,risk_sentence,铜,risk,时，非洲铜带如刚果（金）等地对中东硫磺高度依赖，中东局势扰动正,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00356,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,fact_or_view_sentence,铜,demand,解铜杆、再生铜杆、铜板带、铜箔等以导电属性为核心的产品需求整体仍,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00357,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,fact_or_view_sentence,铜,demand,有韧性，其中铜板带、铜箔受益于电力、新能源、电子及储能等领域需求,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00358,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,fact_or_view_sentence,铜,price|inventory,持仓与库存：持仓方面，沪铜及 LME 持仓手数回落，反映资金交易热度,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00359,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,fact_or_view_sentence,铜,price|policy,下，COMEX 在美国铜关税预期 支撑下，持仓相对稳定 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00360,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,fact_or_view_sentence,铜,policy,但美国铜关税预期 仍对铜价形成支撑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00361,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,fact_or_view_sentence,铜,supply,年来全球铜矿资本开支不足、老矿品位下行 ，使矿端供给弹性偏低；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00362,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,risk_sentence,铜,policy|risk,风险提示：Cobre Panama 铜矿复产、美国精炼铜关税,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00363,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0035,fact_or_view_sentence,铜,supply,图 3. 中国铜精矿月度产量（万金属吨） 图 4. 中国铜精矿月度进口量（万实物吨）,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-020_楼家豪，马子尧13160655120923.pdf,26f9f4fd4e7a11e2297e08448688f005967bab82aa1284194b994d0df98f64f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00364,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,indicator_sentence,铜,supply|policy,冶炼厂正在进行长期检修，将暂停征收铜精矿 10%出口关税的政策延期至,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00365,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,indicator_sentence,铜,supply,到2031 年将全国铜年产量提升至300 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00366,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,indicator_sentence,铜,price,盘面： 沪铜主力合约收盘价 105860 元/吨，涨跌-0.49%，成交量 38000,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00367,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,fact_or_view_sentence,铜,supply,供应：矿端方面，自 4 月开始全球铜精矿主要港口出港量同比快速增长，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00368,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,fact_or_view_sentence,铜,supply|cost,但中国铜精矿主要港口到港量同比下降、中国铜精矿进口 TC/RC 持续恶化，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00369,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,risk_sentence,铜,risk,出口，智利等依赖中国酸源的浸出铜生产面临扰动；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00370,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,fact_or_view_sentence,铜,demand,需求：初端加工方面，电解铜杆、再生铜杆、铜板带、铜箔等以导电属,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00371,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,fact_or_view_sentence,铜,demand,性为核心的产品需求整体仍保持较强韧性，其中再生铜杆虽受原料约束，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00372,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,fact_or_view_sentence,铜,demand,加工品较前月增长乏力，整体对于铜的需求边际减弱。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00373,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,fact_or_view_sentence,铜,price|inventory,持仓与库存：持仓方面，沪铜及 LME 持仓手数大幅下降，使得铜价面临,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00374,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,fact_or_view_sentence,铜,price|policy,但同时，COMEX 则在美国潜在铜关税预期下，相对LME 维持溢,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00375,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0036,fact_or_view_sentence,铜,demand|policy,产，增量开始凸显，但需求边际减弱，唯一利多点为美国铜关税预期 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-021_楼家豪，马子尧7508565118264.pdf,5727156692a036460522436341c58a72b2f053f417487e618a74c1a7270254fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00376,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,indicator_sentence,铜,price,盘面： 沪铜主力合约收盘价 104390 元/吨，涨跌+0.26%，成交量 30230,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00377,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,fact_or_view_sentence,铜,supply,供应：矿端方面，自 4 月开始全球铜精矿主要港口出港量同比快速增长，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00378,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,fact_or_view_sentence,铜,supply|cost,但中国铜精矿主要港口到港量同比下降、中国铜精矿进口 TC/RC 持续恶化，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00379,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,risk_sentence,铜,risk,出口，智利等依赖中国酸源的浸出铜生产面临扰动；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00380,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,fact_or_view_sentence,铜,supply,铜流通资源进一步趋紧，废铜票点持续抬升，废铜供应困局暂未改变。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00381,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,fact_or_view_sentence,铜,supply,得注意的是，原料紧张尚未实质性传导为精炼铜产量收缩。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00382,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,fact_or_view_sentence,铜,demand,解铜杆、再生铜杆、铜板带、铜箔等以导电属性为核心的产品需求整体仍,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00383,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,fact_or_view_sentence,铜,demand,有韧性，其中铜板带、铜箔受益于电力、新能源、电子及储能等领域需求,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00384,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,fact_or_view_sentence,铜,price|inventory,持仓与库存：持仓方面，沪铜及 LME 持仓手数回落，反映资金交易热度,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00385,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,fact_or_view_sentence,铜,price|policy,下，COMEX 在美国铜关税预期支撑下，持仓相对稳定。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00386,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,fact_or_view_sentence,铜,supply,年来全球铜矿资本开支不足、老矿品位下行，使矿端供给弹性偏低；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00387,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0037,risk_sentence,铜,policy|risk,风险提示：Cobre Panama 铜矿复产、美国精炼铜关税,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-022_楼家豪，马子尧7549685122307.pdf,745a201c22c1bfb478ac9b2ebec6c1d6ef47cd7845758566ca28fc92d37a1b22,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00388,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,indicator_sentence,稀土,company,2、美国政府计划购买美国稀土公司 （USA Rare Earth，USARE）10%股份。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00389,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,fact_or_view_sentence,稀土,company|project,正在德克萨斯州塞拉布兰卡开发一座稀土矿，该矿预计 2028 年投产。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00390,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,fact_or_view_sentence,锂,price|demand|company,3、澳大利亚锂生产商 PLS Group 表示，随着电池材料需求回升、价格走强，公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00391,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,indicator_sentence,锂,price|inventory,1） 锂：国内电池级碳酸锂现货价格周内下跌（环比 -6%） ，行业总体库存持续下,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00392,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,indicator_sentence,锑,price,2） 锑：受益于春节前采购备货，锑锭价格周内上涨 1.2%达 16.25 万元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00393,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,fact_or_view_sentence,稀土|钨,policy|company,思路 1:跟着战略金属政策走，我们首选稀土、钨板块,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00394,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,fact_or_view_sentence,稀土,price|supply|policy|company,1）稀土：政策端出口管制加码，短期有望推动稀土价格继续上行，供给约束下长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00395,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,fact_or_view_sentence,钨,price,2）钨：供需偏紧叠加战略金属惜售情绪不断升温，推动钨价持续上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00396,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,fact_or_view_sentence,锂,supply,碳酸锂： 淡季不淡， 供给不确定性仍存， 电池产品出口退税预留一年窗口期， 叠加,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00397,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,fact_or_view_sentence,锂,price|demand|policy,下游正极厂补库需求，锂价短期有望在目前价格维持，若政策预期大幅推升 Q1 下,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00398,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,fact_or_view_sentence,锂,price|inventory,3.锂：周内价格先涨后跌，持续去库 ............................................................................................................. 7,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00399,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0038,fact_or_view_sentence,稀土,price|company,5.稀土永磁：氧化镨钕价格持续上涨 ........................................................................................................... 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-023_熊可为13322504997804.pdf,eae0f7137c68b8e6c277bfa50843ac9e83c6cfdc542fd2d596ef2aa208a00584,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00400,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,fact_or_view_sentence,金,price,贵金属的价格上行，另外月内特朗普、普京等赴北京友好国际会谈，宏观上形成利好，地缘政治方面，美国与伊朗谈判推进中，虽尚未,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00401,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,fact_or_view_sentence,铜,supply|policy,➢ 供给方面：铜矿端事故及降低产量预期事件多发，硫酸出口禁令导致湿炼法产铜减少，废铜受票据政策限制供应来源，铜原料端均呈现,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00402,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,indicator_sentence,铜,supply,资源紧缺的格局，但目前未对铜产量造成显著影响，5月电解铜产量预计录得116.75万吨，环比下降1.14万吨。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00403,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,fact_or_view_sentence,铜,supply|demand|cost|policy,目前现货加工费接连下调，冶炼厂多以长协订单完成为主，反内卷政策之下，曾对铜冶炼说明要进行产能管控，但目前政策尚未出台，随着冶炼,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00404,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,indicator_sentence,铜,demand,➢ 需求方面：2026年3月电解铜表观消费量136.79万吨，环比增加19.4万吨，+16.53%，铜下游需求整体偏强，海内外电力及算力需求长期稳定增长，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00405,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,fact_or_view_sentence,铜,price|inventory,月内铜价大幅上涨后受情绪刺激，成交氛围进一步好转，库存去化较为通常，但上涨至一定高度后出,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00406,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,fact_or_view_sentence,铜,price,➢ 综合来看，宏观及基本面多空交织，通胀预期点燃加息概率，美元连续反弹，压制沪铜价格，但铜价自身基本面偏紧，格拉斯伯格铜矿,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00407,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,risk_sentence,铜,demand|risk,复产数量及进度不及预期，其他铜矿罢工、降产等事件频发，下游刚需算力及电力稳步增长，铜整体呈现紧平衡的格局，铜价月内偏强，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00408,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,fact_or_view_sentence,铜,price|policy,但市场流动性问题货币政策问题依然制约上涨空间，后续仍要关注美国经济数据对美联储利率带来的影响，铜价保持偏强震荡为主。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00409,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,indicator_sentence,铜,supply,➢ 2026年4月，中国进口铜矿砂及其精矿235万吨，同比下降19.0%；,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00410,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,risk_sentence,铜,inventory|supply|risk,与铜矿进口下滑对应的，国内铜矿的总库存今年以来一直在历年同期低位震荡。,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00411,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0039,indicator_sentence,铜,supply|project,➢ 5月21日据悉，印尼格拉斯伯格铜矿当前产能已恢复至50%，预计今年下半年将提升至65%，并有望在2027年底前恢复全面投产。,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-024_王静11284855109545.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-024_王静11284855109545.pdf,3c9a524beb99f7a5982cab2b43c28ed6428915efe45130a8f5d89b567a67cc4b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00412,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,铜,supply,从供给看，自4月开始全球铜精矿主要港口出港量同比快,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00413,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,铜,supply|cost,速增长，但中国铜精矿主要港口到港量同比下降、中国铜精矿进口TC/RC持续恶化，意味着其他国家开始,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00414,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,铜,policy,废铜端方面，日本开始对废金属进行出口限制，同时国内“反向开票”政策与违规开票,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00415,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,铜,supply,整治并行，废铜票点持续推高，废铜供应困局暂未改变。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00416,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,铜,inventory|supply,炼铜产量收缩，4月前更多为消化国内精矿库存，后为抢夺矿源。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00417,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,铜,demand,带、铜箔等受新能源汽车、储能及电子信息制造保持高速增长，而其他终端需求边际减弱，对铜价继续上,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00418,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,铜,policy,值得关注的点是，6月底前后美国精炼铜关税、巴拿马Cobre Panama铜矿复产情况。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00419,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,铝,inventory,国内铝锭社会库存持续去化，去库力度弱于往年同期。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00420,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,铝,price,伦铝持续对沪铝形成牵引性支撑，短期铝价预计,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00421,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,镍,supply,印尼镍铁产量的下降具有代表性，连续同比下降的情况在过去的7 年中只出现过一次，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00422,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,镍,policy,为2024年6-7月，同样是因为印尼国内的镍矿配额不足，而连续三个月同比下降的情况在印尼镍,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00423,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0040,fact_or_view_sentence,镍,supply|demand|policy,从当前来看，镍矿配额产量不足的影响已经开始向下游蔓延。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-025_谢长进，戴朝盛，宋婧琪17832005123562.pdf,40e5b8f4cb9e4a4e1312373b485a3c762d250239f58ed6b32e1ad72f3c653908,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00424,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0041,fact_or_view_sentence,铜,price|company,覆铜板龙头建滔集团旗下广东建滔积层板销售有限公司发布涨价通知，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-026_赵璐，朱柏睿，张其超2289935114300.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-026_赵璐，朱柏睿，张其超2289935114300.pdf,8cd759a87cf413bb5ff121ef05ae06da9b5fa8879f49dcab43c78e5ce5811b36,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00425,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0041,fact_or_view_sentence,钨,company,议关注鼎泰高科、欧科亿、新锐股份、民爆光电、中钨高新、杰美特。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-026_赵璐，朱柏睿，张其超2289935114300.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-026_赵璐，朱柏睿，张其超2289935114300.pdf,8cd759a87cf413bb5ff121ef05ae06da9b5fa8879f49dcab43c78e5ce5811b36,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00426,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0041,fact_or_view_sentence,锡,demand,的1.6T 开始批量出货， 国产份额进一步提升， 上游锡膏亦有国产替代逻,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-026_赵璐，朱柏睿，张其超2289935114300.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-026_赵璐，朱柏睿，张其超2289935114300.pdf,8cd759a87cf413bb5ff121ef05ae06da9b5fa8879f49dcab43c78e5ce5811b36,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00427,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0042,fact_or_view_sentence,钨,company,PCB钻针建议关注鼎泰高科、欧科亿、新锐股份、民爆光电、中钨高新、杰美特。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf,acfb2ba34b82f3a25bc609e565ff52e06863ce5de5e22731cb61293d7ce7b698,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00428,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0042,fact_or_view_sentence,锡,price,3）锡膏：随着800G、1.6T、3.2T光模块速率提升，焊点数量及锡膏价格呈现量价齐升，重点,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf,acfb2ba34b82f3a25bc609e565ff52e06863ce5de5e22731cb61293d7ce7b698,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00429,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0042,fact_or_view_sentence,稀土,company,的复杂形状，进行精密加工，然后在每片叶片上涂覆粘结层和稀土金属隔热涂层；,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf,acfb2ba34b82f3a25bc609e565ff52e06863ce5de5e22731cb61293d7ce7b698,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00430,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0042,fact_or_view_sentence,金,supply|company,人形机器人作为AI终极载体，将带动精密传动部件、电机、控制器、传感器等全产业链发展，国产供应链迎来黄金发展期。,converted_text_page_18_sentence_scan,18,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf,acfb2ba34b82f3a25bc609e565ff52e06863ce5de5e22731cb61293d7ce7b698,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00431,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0042,fact_or_view_sentence,钨,company,刀具板块，建议关注：欧科亿、华锐精密、新锐股份、中钨高新、民爆光电等。,converted_text_page_23_sentence_scan,23,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf,acfb2ba34b82f3a25bc609e565ff52e06863ce5de5e22731cb61293d7ce7b698,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00432,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0042,fact_or_view_sentence,锂,supply,➢ 光储方案具备极强的供应链稳定性与供给保障能力 ：光伏与锂离子电池技术成熟度高，已是全球大规模商业化应用的主流可再,converted_text_page_36_sentence_scan,36,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-027_赵璐，朱柏睿，张其超33725795127919.pdf,acfb2ba34b82f3a25bc609e565ff52e06863ce5de5e22731cb61293d7ce7b698,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00433,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,price,2025 年对钨制品出口进行了进一步限制、2026Q1 国内钨价快速上涨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00434,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,demand,要系国内钨矿持续提价，由于数控刀具需求较为刚性，因此国内刀具企业适,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00435,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,demand,系国内钨价上升，同时同期工业生产需求较为良好，两原因共同作用下导致,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00436,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,supply,日本产品的市场占有率较高，如果日本后续钨产品供给受限，那么国内厂商,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00437,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,supply|demand,目的地国家中发展中国家较多，且钨矿产量均低于中国，因此这部分需求有,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00438,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,supply|company,❑ 我们建议关注钨产业链中能够受益于进口替代的刀具相关企业，具体公司如,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00439,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,supply,矿旗下央企钨产业上市平台，拥有钨矿采选、冶炼、粉末、硬质合金、精密,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00440,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,supply|company,公司掌控国内优质钨矿山，钨精矿自给率行业领先，子,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00441,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,risk_sentence,钨,demand|risk,❑ 风险提示：钨价波动较大影响下游采购；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00442,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,supply,图 17 2025 年钨矿矿山产量分国别分布（2025） ............................................ 13,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00443,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,demand,表 1：钨金属下游应用场景分布 ....................................................................... 12,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00444,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0044,fact_or_view_sentence,钨,price|demand,2026Q1 国内钨价快速上涨，刀具企业涨价压制需求；,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-029_郭倩倩，辛泽熙6400735126493.pdf,486259393a047bf29091c09150662788b8cbb72d57906e7e81c01f54a0efdb97,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00445,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,fact_or_view_sentence,金|锑,price,[Table_Title] 贵金属价格持续震荡，锑价回涨明显,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00446,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,fact_or_view_sentence,钴|锑,price, 金属价格：锑价回升，钴价涨幅领跑,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00447,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,fact_or_view_sentence,金,price|company,截至 11 月 21 日，COMEX 黄金收盘价为 4062.80 美元/盎司， 近2 周,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00448,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,fact_or_view_sentence,银,price,COMEX 白银收盘价为 49.66 美元/盎司，近 2 周上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00449,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,indicator_sentence,铜,price,"2.98% LME 铜现货结算价为 10,685.50 美元/吨， 近2 周下跌 0.32%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00450,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,indicator_sentence,铝,price,"LME 铝现货结算价为 2,766 美元/吨，近 2 周下跌 2.66%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00451,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,indicator_sentence,稀土,price|company,国稀土价格指数报 206.73，近2 周下降 1.21%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00452,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,indicator_sentence,锂,price,"锂（60%、4.4V/国产）均价为 343,500 元/吨，近 2 周价格不变，年",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00453,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,fact_or_view_sentence,钨,supply|demand,《国元证券行业研究-钨行业研究报告： 供给趋紧需求增加， 钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00454,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,fact_or_view_sentence,稀土,policy|company,稀土管制政策进一步升级》2025.10.14,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00455,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,fact_or_view_sentence,稀土,company,5.稀土 ..................................................................................................................... 10,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00456,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0045,fact_or_view_sentence,金,price|company,图 4：COMEX 黄金价格走势（美元/盎司） ..................................................... 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/YS-CU-SMALL-20260615-030_马捷，石昆仑11920674936053.pdf,e7b8504471f93fac61c03905255297124d4fa4e44018587c416b4841d3f74928,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00457,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,indicator_sentence,锂|稀土|钨,company,将锂、 钽、 铌、 钨、 铀及稀土纳入战略矿产清单， 特许权使用费率由3.5%提升至 10%， 且按毛收入征,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00458,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,risk_sentence,锂,risk|project,考虑马诺诺锂矿等项目进入规模化开发阶段， 税费上调或扰动项目投资节奏，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00459,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,fact_or_view_sentence,金|镍|锡,price,高频数据看，本周贵金属价格明显回调，基本金属价格偏弱运行，镍、锡跌幅相对较大；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00460,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,fact_or_view_sentence,锡,price|inventory,端内外盘分化延续，本周 SHFE 锡累库，而 LME 主要品种库存多数下降。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00461,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,indicator_sentence,稀土,company,铀及稀土纳入战略矿产清单， 相关矿产特许权使用费率由3.5%提升至 10%， 且权利金适用于毛收,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00462,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,fact_or_view_sentence,锂,policy|company,短期看，该政策出台正值刚果（金）锂矿产业进入规模化开发关键阶段，紫金矿业马诺诺锂矿东,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00463,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,indicator_sentence,锂,project,北部项目计划于 2026 年 6 月投产，2026 年预计实现碳酸锂当量 12 万吨，2028 年有望提升至 27-,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00464,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,fact_or_view_sentence,锂,project,同时，KoBold Metals 已于 2026 年 4 月启动马诺诺地区大规模锂矿勘探项目。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00465,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,fact_or_view_sentence,锂|稀土|钨,supply|cost|company,化关键矿产收益分享或成为趋势，锂、钽铌、钨、稀土等战略资源供应链成本中枢及安全溢价有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00466,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,fact_or_view_sentence,金|银,company,久”利率环境的定价升温， 美元指数和美债实际利率或维持高位， 对黄金、 白银等贵金属形成直接,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00467,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,risk_sentence,铜|铝,cost|risk,压制，铜、铝等基本金属也面临美元走强和融资成本抬升压力。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00468,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0046,fact_or_view_sentence,金|银,price|company,"COMEX 黄金、COMEX 白银收盘价分别为 4,354 美元/盎司、68 美元/盎",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-011_@王靖添，何贯嘉17109115120478.pdf,9f6b2e00cc0d16748f501a59bb5b0c9f0df89df39dca783932f884cfa4d8ea70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00469,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,fact_or_view_sentence,钨,price,◼ 钨价重回上涨通道，新一轮战略耗材启动,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00470,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,fact_or_view_sentence,钨,price,1. 钨价重回上涨通道，新一轮战略耗材启动,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00471,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,fact_or_view_sentence,钨,demand,1.1 下游补库需求释放，6月钨价重回上行通道,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00472,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,fact_or_view_sentence,钨,demand,◼ 下游补库需求释放，6月钨价重回上行通道,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00473,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,fact_or_view_sentence,钨,supply|policy,同时，中国对钨等战略性金属实行出口管制，供给端收紧,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00474,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,indicator_sentence,钨,price|demand,• 自5月下旬钨市行情筑底反弹以来，下游补库订单陆续释放，推动钨价持续上行，周内主要钨制品价格涨幅累计约20%,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00475,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,fact_or_view_sentence,钨,price,◼ 截至2026年6月5日，不同钨制品价格涨幅如下：,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00476,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,indicator_sentence,钨,price,• 65%黑钨精矿价格报 50万元/标吨，较年初涨8.7%；,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00477,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,indicator_sentence,钨,price,仲钨酸铵 （APT）价格报77万元/吨，较年初涨14.9%；,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00478,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,fact_or_view_sentence,钨,supply|company,◼ 钨价回升，有矿山资产/注入预期的公司直接受益,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00479,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,fact_or_view_sentence,钨,price,2025年以来钨制品价格走势图 截至2026年6月5日钨制品价格涨幅,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00480,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0047,fact_or_view_sentence,钨,demand,1.2 钨矿下游需求：传统刚需托底，新兴赛道爆发,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-012_@韩强，@屠亦婷，@王珂13193595123760.pdf,ed0e53cbebefb5e0d52b6af919791e97fa78d62589ef88103af07006b75df7da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00481,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,indicator_sentence,稀土,price|company,稀土： 氧化镨钕本期价格为73.98 万元/吨， 环比下降4.31%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00482,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,fact_or_view_sentence,稀土,cost|company,土龙头， 供改最大受益者） 、 中稀有色 （低估、 高成长的华南稀土龙头） 、 北方稀土 （轻稀土龙头， 低成本优势显著） 、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00483,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,fact_or_view_sentence,稀土,company,包钢股份（稀土、钢铁双轮供改受益）；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00484,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,indicator_sentence,锡,price,锡： 锡锭本期价格为42.34 万元/吨， 环比上涨9.59%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00485,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,fact_or_view_sentence,锡,inventory,我们认为锡锭隐性库存逐步干涸， 因此在宏观流动性回补或科,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00486,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,indicator_sentence,钨,price,钨：钨精矿本期价格52.04 万元/吨，环比下降25.68%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00487,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,indicator_sentence,锑,price,锑： 本期锑锭价格为15.80 万元/吨， 环比下降1.25%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00488,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,risk_sentence,锑,supply|demand|risk,锑资源紧缺， 海外大矿减产带来全球供应显著下滑， 需求稳步,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00489,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,fact_or_view_sentence,金|锡,company,高成长或者具备高业绩弹性的资源标的有望充分受益， 建议关注华锡有色、 湖南黄金；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00490,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,indicator_sentence,钼,price,钼：钼精矿本期价格为5210 元/吨度，环比上涨 10.50%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00491,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,indicator_sentence,钼,price,钼铁本期价格 32.40 万元/吨，环比上涨 9.46%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00492,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0049,fact_or_view_sentence,钼,price|inventory|demand,钢招量景气持续，产业链上下游去库，钼价“有量无价”的僵局逐步打破，上涨通,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-014_吴晋恺，王钦扬10823625101928.pdf,7792310d5e19c66df71a22540aae04a02ea90c8f4442c34fdd4620ac17771127,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00493,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,indicator_sentence,稀土,price|company,稀土：氧化镨钕本期价格为68.79 万元/吨， 环比下降7.02%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00494,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,fact_or_view_sentence,稀土,cost|company,土龙头， 供改最大受益者） 、 中稀有色 （低估、 高成长的华南稀土龙头） 、 北方稀土 （轻稀土龙头， 低成本优势显著） 、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00495,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,fact_or_view_sentence,稀土,company,包钢股份（稀土、钢铁双轮供改受益）；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00496,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,indicator_sentence,锡,price,锡：锡锭本期价格为42.39 万元/吨， 环比上涨0.13%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00497,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,fact_or_view_sentence,锡,inventory,我们认为锡锭隐性库存逐步干涸， 因此在宏观流动性回补或科,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00498,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,indicator_sentence,钨,price,钨：钨精矿本期价格42.68 万元/吨，环比下降17.97%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00499,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,indicator_sentence,锑,price,锑：本期锑锭价格为14.90 万元/吨， 环比下降5.70%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00500,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,risk_sentence,锑,supply|demand|risk,锑资源紧缺， 海外大矿减产带来全球供应显著下滑， 需求稳步,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00501,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,fact_or_view_sentence,金|锡,company,高成长或者具备高业绩弹性的资源标的有望充分受益， 建议关注华锡有色、 湖南黄金；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00502,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,indicator_sentence,钼,price,钼：钼精矿本期价格为4980 元/吨，环比下降4.41%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00503,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,indicator_sentence,钼,price,钼铁本期价格30.80 万元/吨，环比下降4.94%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00504,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0050,fact_or_view_sentence,钼,price|inventory|demand,钢招量景气持续，产业链上下游去库，钼价“有量无价”的僵局逐步打破，上涨通道进,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-015_吴晋恺，王钦扬11083515114250.pdf,f6836a90207be03e94e90800f4e7d81f81d368ab28f7fb28292d67f8e865c90f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00505,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,indicator_sentence,铜,price,铜：本周LME 铜价+2.15%到13904 美元/吨，沪铜+0.14%到 10.52 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00506,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,fact_or_view_sentence,铜,supply|cost,供应端，据SMM，进口铜精矿加工费周度,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00507,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,indicator_sentence,铜,inventory,截至6 月 4 日周四，SMM 全国主流地区铜库存环比上周四减少1.09 万吨至23.43 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00508,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,fact_or_view_sentence,铜,supply|demand,消费端， 据SMM， 本周精铜杆开工率,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00509,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,risk_sentence,铜,inventory|demand|risk,据SMM，6 月漆包线行业淡季延续， 叠加铜价高位扰动下游采购情绪， 订单乏力与库存走高并存，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00510,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,indicator_sentence,铝,price,铝：本周 LME 铝价-0.08%到 3671.0 美元/吨，沪铝0.12%到 2.43 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00511,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,indicator_sentence,铝,inventory|demand,消费地铝棒库存为16.25 万吨，较周一下降0.9 万吨，较上周四下降1.9 万吨，库存延续去化并维持在20 万吨关口,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00512,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,indicator_sentence,铝,supply,据 SMM 数据，截至本周四，全国冶金级氧化铝建成产能11842 万吨/年，运行总产能 8606 万吨/年，全国氧化,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00513,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,indicator_sentence,铝,price|supply,铝周度开工率较上周下跌1.81 个百分点至72.67%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00514,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,indicator_sentence,铝,inventory,据SMM 统计，截至本周四，全国氧化铝总库存环比减少0.1 万吨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00515,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,fact_or_view_sentence,铝,inventory,电解铝厂原料库存继续小幅去化，但去库幅度有限。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00516,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0051,fact_or_view_sentence,铝,cost|policy,但几内亚矿石政策仍对氧化铝底部形成支撑，成本端整体上有压制、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-016_吴晋恺，王钦扬，金云涛20578595120133.pdf,42353f6dffed2180953521f7313cd4ee8a832b0ec0b2c95d6904c4c17b4b699c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00517,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,indicator_sentence,锡,price,-0.1%，SHFE 锡价收于 41.8 万元/吨，环比-1.6%，LME 锡收于 53200 美元/吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00518,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,fact_or_view_sentence,锡,price|inventory,本周 SHFE+LME 交易所锡库存 21378,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00519,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,indicator_sentence,锡,price|cost,加工费方面，40%/60%含量锡精矿加工费周内均价分别为 16500 元/吨、12500,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00520,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,indicator_sentence,锡,supply|company,董事的表示， 该公司已将2026 年精炼锡产量目标设定为 3 万吨， 销售目标定为2.6,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00521,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,risk_sentence,锡,risk,宏观面仍存在潜在风险尚未释放， 预计6 月锡价偏震,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00522,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,fact_or_view_sentence,锡,supply,长期：全球锡供需仍存缺口， 且供应链脆弱性不断冲击市场预期，持续看好锡价中,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00523,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,fact_or_view_sentence,锡,price|cost,1.价格：锡价走弱，加工费走强 ................................................................................................................... 3,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00524,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,fact_or_view_sentence,锡,price,图表 4： 沪锡市场现货日度升贴水（元/吨） ................................................................................................ 3,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00525,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,fact_or_view_sentence,锡,price,图表 5： 国内锡精矿价格（元/吨） ............................................................................................................. 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00526,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,fact_or_view_sentence,锡,cost,图表 6： 锡精矿加工费（元/吨） ................................................................................................................ 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00527,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,fact_or_view_sentence,锡,cost,图表 7： 精炼锡成本（外购锡精矿） ........................................................................................................... 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00528,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0052,fact_or_view_sentence,锡,inventory,图表 8： 锡锭社会库存（吨） ..................................................................................................................... 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-017_廖浩祥，熊可为7889595120143.pdf,dda00f9a46a1c2064e135bb6a49151f9eeb3315f73b2fa66af16303af9cf70a2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00529,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,铜|锡|锑,company,公司已形成“ 锡锑双核、铅锌支撑、铟银铜等伴生增值”的复合型资源结,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00530,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,锡|锑,company,华锡有色作为广西关键金属集团旗下唯一上市平台，是国内锡、锑双,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00531,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,铜|锡,project,至 2025 年末，铜坑矿、高峰锡矿、佛子冲铅锌矿保有矿石资源量8551 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00532,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,锡|锑,supply,主力矿山扩产将推动锡、锑、锌等多金属产量实现质的跳升，为业绩增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00533,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,锑,demand,用锑及阻燃剂需求稳步增长，稀缺性驱动价值回归。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00534,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,锡|锑,price|company,投资建议：公司作为锡及锑行业领军企业，充分享受锡、锑价格中枢上移,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00535,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,锡|锑,supply,一、华锡有色：深耕锡锑稀贵，构建资源矿山+全链一体化核心优势 ............................................................ 6,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00536,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,锡,company,1.1 从南化股份到华锡有色：广西有色龙头的涅槃重生与产业链布局 ..................................................... 6,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00537,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,铜,supply,2.1 铜坑矿：规模化生产引擎与探转采后的产能释放 ...........................................................................11,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00538,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,risk_sentence,锡,price|supply|risk,三、锡：供给扰动&AI驱动，供需紧平衡助力价格中枢上移 .......................................................................21,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00539,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,risk_sentence,锡,price|inventory|supply|risk,3.1 锡是重要的战略性金属，供给扰动&库存低位推动价格中枢抬升 .....................................................21,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00540,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0053,fact_or_view_sentence,锡,supply,3.2 供给：全球锡资源相对稀缺，供给侧缺乏弹性 ..............................................................................23,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-018_张航，初金娜30497765125519.pdf,635b8f089f3965571c2e1b78c99914804c413e818b6884ff4198448bb5f80099,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00541,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,fact_or_view_sentence,金,company,黄金、万国黄金集团、中金黄金、紫金矿业、山东黄金、赤峰黄金、银泰黄金、招金矿业、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00542,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,fact_or_view_sentence,铜,demand|policy,铜：新消费需求旺盛， 关注美国铜关税政策。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00543,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,indicator_sentence,铜,inventory,①库存端：本周全球铜库存环比增加 0.5 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00544,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,indicator_sentence,铜,price|inventory,其中 SHFE 库存环比减少 0.6 万吨，社会库存增加 0.1 万吨，LME 铜库存减少 0.2 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00545,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,indicator_sentence,铜,price|inventory,COMEX 铜库存增加 0.6 万吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00546,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,indicator_sentence,铜,price,税仓库中申请注销并提取了超过 5.1 万吨期铜， 这是LME 自 2013 年以来规模最大的一笔单,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00547,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,fact_or_view_sentence,铜,price|policy,日交割提货单，主要因为 COMEX-LME 价差近期再度抬升，关注后续美国铜关税政策落地情,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00548,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,indicator_sentence,铜,supply,况，据 SMM 铜加工交流平台，一季度我国精炼铜产量为 378.5 万吨， 同比增长9.3%， 铜材,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00549,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,fact_or_view_sentence,铜,demand|company,金田铜业负责人表示，眼下市场需求旺盛，其中新能源汽车的高压电磁,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00550,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,fact_or_view_sentence,钼,company,建议关注：藏格矿业、紫金矿业、洛阳钼业、金,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00551,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,fact_or_view_sentence,铝,inventory,铝：国内社库去库流畅， 铝价震荡运行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00552,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0054,fact_or_view_sentence,铝,supply,①供给：本周电解铝供应端延续增加趋势， 辽宁企,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-019_张航，初金娜，王瀚晨17295755114357.pdf,e8baa6314b005e1a576113f02ddd7180fd2f8cb6ec9c2097305ab9edfef78261,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00553,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,risk_sentence,金,risk|company,贵金属：短期地缘和加息预期对黄金构成压力。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00554,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,fact_or_view_sentence,金,company,建议关注：灵宝黄金、万国黄金集团、中金黄,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00555,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,fact_or_view_sentence,金|锡,company,金、紫金矿业、山东黄金、赤峰黄金、银泰黄金、招金矿业、兴业银锡、盛达资源,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00556,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,risk_sentence,铜,supply|demand|risk,铜：新消费需求旺盛，智利 4 月铜产量大幅下滑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00557,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,indicator_sentence,铜,price|inventory,吨，LME铜库存环比减少 1.0万吨，COMEX 铜库存环比增加 0.4 万吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00558,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,indicator_sentence,铜,supply,智利国家统计局（INE）数据显示，4 月铜产量同比下降 13.8%，从去年同期的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00559,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,risk_sentence,铜,supply|risk,官方表示，铜产量下滑主要受到两方面因素影响。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00560,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,risk_sentence,铝,policy|risk,铝：宏观情绪+关税扰动，铝价震荡运行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00561,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,indicator_sentence,铝,inventory,库存方面，海外伦铝库存延续去库趋势，当前库存贴近33 万吨，海外库存低位形,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00562,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,fact_or_view_sentence,铝,inventory,国内铝锭社会库存持续小幅去库，但库存基数处于近六年高位，整体库存,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00563,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,fact_or_view_sentence,铝,demand,②需求：本周铝棒企业生产增减产分化明显，宁夏地区棒厂因设备,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00564,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0055,fact_or_view_sentence,铝,demand,升级减产，云南地区棒厂受铝棒需求偏弱影响，减产铝棒、增产合金锭，内蒙古、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-020_张航，初金娜，王瀚晨19766945120315.pdf,f36a0e7b78712bb2e605f686fa65d91ec4c131f6c61447535000bfe56eddb42e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00565,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,fact_or_view_sentence,金,price,美国非农就业数据大超预期致贵金属价格再,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00566,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,indicator_sentence,金,price,6.26%， 小金属板块上涨2.84%， 贵金属板块下跌2.64%， 工业金属板块下跌3.02%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00567,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,fact_or_view_sentence,金,price,息预期恐短期维持高位，贵金属价格将估值承压，然而随着金价回调至低位，中国,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00568,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,indicator_sentence,金,price|company,央行 5月增持黄金 9.95吨，若后续上述因素有所消散，则价格有望重回上行轨道。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00569,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,risk_sentence,铜,policy|risk,铜：美国电解铜关税预期与加息扰动共同作用，短期铜价维持震荡走势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00570,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,indicator_sentence,铜,price,"日，伦铜报收13,517 美元/吨，周环比下跌0.69%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00571,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,indicator_sentence,铜,price,"沪铜报收105,150 元/吨，周环比上",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00572,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,indicator_sentence,铜,price|supply|cost,供给端，本周进口铜矿TC 进一步下跌至-108 元/吨，再度刷新历史低位，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00573,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,fact_or_view_sentence,铜,price|inventory|supply|policy,美国铜进口关税裁决临近，Comex 加速虹吸全球铜可流通库存，LME 与国内库存,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00574,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,risk_sentence,铜,risk,预期影响，美国年内加息预期大幅提升，我们预计短期铜价将受到估值端压力，中期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00575,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,fact_or_view_sentence,铝,inventory|demand,铝：需求进入淡季而海内外去库共振，铝价维持震荡走势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00576,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0056,indicator_sentence,铝,price,"铝报收3,604 美元/吨，周环比下跌1.92%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-021_徐毅达10367485121229.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-021_徐毅达10367485121229.pdf,c844f1a5619f7ff3d6d371c0cb39772cef964ee2aabc93cc37719de3131e6edc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00577,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,fact_or_view_sentence,锡,company,➢ 投资建议：建议关注云南锗业、锡业股份、株冶集团、中金岭南。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00578,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,fact_or_view_sentence,锡,company,资料来源：安泰科，锡业股份年报，中邮证券研究所,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00579,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,fact_or_view_sentence,铜|锡,supply,◼ 目前生产的大多数原生铟都是从铅、锌、铜、锡等矿石冶炼过程中回收的副产品，随着铟生产技术的不断改进，原料来源也,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00580,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,fact_or_view_sentence,铜,supply,呈现多元化的趋势，钢厂烟灰、铜冶炼渣、铅冶炼渣都开始成为提炼铟的原料。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00581,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,fact_or_view_sentence,锡,company,资料来源：安泰科，锡业股份年报，中邮证券研究所,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00582,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,indicator_sentence,金,company,速率要求，磷化铟具备独特的直接带隙结构，让光电转换效率接近100%，完美适配1310nm、1550nm光纤通信黄金波段，,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00583,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,fact_or_view_sentence,铜|锡,supply|company,◼ 业务介绍：公司的主营业务为锡、铜、锌、铟等金属矿的勘探、开采、选矿和冶炼。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00584,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,fact_or_view_sentence,锡,company,根据国际锡业协会统计，公司位列 2025 年十大精锡生产商之首。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00585,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,indicator_sentence,铜|锡,supply|company,◼ 产能：目前公司拥有锡冶炼产能 8 万吨/年、阴极铜产能 12.5 万吨/年、锌冶炼产能 10 万吨/年，压铸锌合金产能5,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00586,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,indicator_sentence,锡,supply|company,万吨/年，铟冶炼产能 105 吨/年，参股的新材料公司拥有锡材产能 4.3 万吨/年、锡化工产能 2.71 万吨/年。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00587,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,indicator_sentence,铜|锡,supply,"◼ 产量：2025 年生产有色金属总产量 35.60 万吨，其中：锡 9.12 万吨、铜 13.01 万吨、锌 13.34 万吨、铅 1,236",converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00588,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0057,indicator_sentence,锡,company|project,◼ 公司铟资源储量全球第一，铟金属保有资源储量4701吨，是全国最大的原生铟生产基地，2025年6月公司与云锡控,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-022_李帅华，魏欣24735725109320.pdf,ebe2183de8783a9bbbcfb26a8e27ea9456a0d9b919dd90e742abe9f277ff12da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00589,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,金|银,price|company,黄金和白银作为利率敏感品种下跌幅度较大。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00590,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,金,price|company,底，且波兰央行宣布进一步购金体现黄金上涨的长逻辑不变，美国金,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00591,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,铜,supply|cost,精矿 TC 深陷历史深度负值，智利铜矿减产、赞比亚三大冶炼厂集中,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00592,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,铜,policy,检修，叠加地缘及国内政策引发全球硫酸紧缺，湿法炼铜生产受限；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00593,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,indicator_sentence,铝,price,本周 LME 铝下跌 1.92%，中国社库数据虽然出,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00594,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,锡,inventory|demand,幅累库，下游对高锡价接受度有限，叠加海外 AI 相关股票营收不及,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00595,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,锡,supply,短期因素对锡价的支撑减弱，但供给端印尼仍在收紧出口，刚果金未,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00596,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,锡,demand,见疫情控制迹象，需求端 AI 资本支出带动锡焊料需求，预计锡价 40,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00597,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,钨,price,产业链相关产品呈现全线上涨态势，钨矿及 APT 市场持续上涨，上游,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00598,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,锂,demand,锂：终端刚需提供底部支撑，短期磨底不改中期资源偏紧逻辑。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00599,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,锂,price,本周电池级碳酸锂现货自 17.9 万元/吨回落至 16.3 万元/吨，周跌,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00600,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0058,fact_or_view_sentence,锂,supply,供给端海外多座锂矿复产、津巴布韦矿源临近到港压制远期,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-023_李帅华，魏欣，杨丰源13526705121315.pdf,c572fcd6c3408961c518104bb844a0766c741d2e0a7524cc86703dfec34ea79d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00601,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,fact_or_view_sentence,金,price|company,价格方面，周内伦敦黄金价格为 4365.15 美元/盎司，环比 5 月,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00602,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,fact_or_view_sentence,金,company,度大幅购买黄金，对金价形成了支撑 ，预计金价高位震荡为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00603,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,indicator_sentence,铜,price,铜：价格方面，本周 LME 铜收盘价 13762 美元/吨，环比 5 月,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00604,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,fact_or_view_sentence,铜,inventory,2026 年 6 月 4 日，SMM 统计国内电解铜社会库存 23.43,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00605,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,fact_or_view_sentence,铜,price|supply|cost,冶炼 方面 ，中国铜精矿 TC 现货本周价格为 -115.40 美元/干,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00606,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,indicator_sentence,铜,supply,再生铜制杆开工率 15.33%，环比+4.44pct。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00607,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,fact_or_view_sentence,铜,demand,总结而言 ，铜价回落激 活下游消费、补库意愿回升，叠加临近,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00608,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,fact_or_view_sentence,铜,demand,体呈现现货贴水收窄、需求弱修复的格局，对铜价上方驱动有,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00609,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,indicator_sentence,铝,price,铝：价格方面，国内电解铝价格为 24240 元/吨，环比 5 月 29,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00610,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,indicator_sentence,铝,price|inventory,库存方面，本周 LME 铝库存为 333200 吨（环比 5 月,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00611,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,indicator_sentence,铝,inventory,4 日，SMM 统计国内电解铝锭社会库存 137.2 万吨，环比 5 月,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00612,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0059,indicator_sentence,铝,supply|cost,利润方面，云南地区电解铝即时冶炼利润为 7429 元/吨，环比,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-024_杜飞17216935122581.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-024_杜飞17216935122581.pdf,4afca1e57a5b0fd96a311c6c01e23b1b610e3f9a17ee5cdb9a9f46e470020690,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00613,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0060,fact_or_view_sentence,稀土|钨|锑,company,事，凸显稀土、钨、锑、镓、锗等中国主导品种的战略稀缺性。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf,b32221fa8b461e4b83323edb34d5ba6ca3edc594ef4da66f31bf6473a00f7079,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00614,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0060,fact_or_view_sentence,稀土,supply|company,年，量子技术、AI 治理、稀土供应链等相继进入议程，其中 G7 对中国稀土,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf,b32221fa8b461e4b83323edb34d5ba6ca3edc594ef4da66f31bf6473a00f7079,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00615,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0060,fact_or_view_sentence,稀土,price|company,操作路径上存在立场差异：美方强力推行设定稀土价格下限（以补贴激励本,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf,b32221fa8b461e4b83323edb34d5ba6ca3edc594ef4da66f31bf6473a00f7079,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00616,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0060,fact_or_view_sentence,稀土,policy|company,土生产）并对中国出口稀土和小宗金属征收关税。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf,b32221fa8b461e4b83323edb34d5ba6ca3edc594ef4da66f31bf6473a00f7079,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00617,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0060,fact_or_view_sentence,稀土,price|company,中美关系的积极预期推动稀土永磁板块上涨。,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf,b32221fa8b461e4b83323edb34d5ba6ca3edc594ef4da66f31bf6473a00f7079,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00618,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0060,fact_or_view_sentence,稀土,company,日，稀土板块总体回调，其背后一方面是 G7 峰会酝酿的“关键矿产生产联,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf,b32221fa8b461e4b83323edb34d5ba6ca3edc594ef4da66f31bf6473a00f7079,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00619,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0060,risk_sentence,稀土,risk|company,在稀土等领域的优势地位，影响了对稀土板块的短期风险偏好；,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf,b32221fa8b461e4b83323edb34d5ba6ca3edc594ef4da66f31bf6473a00f7079,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00620,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0060,fact_or_view_sentence,稀土,company,因此 2025 年峰会后 A 股稀土板块虽出现短期波动，但行业盈利,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf,b32221fa8b461e4b83323edb34d5ba6ca3edc594ef4da66f31bf6473a00f7079,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00621,ANA-YS-INDUSTRY-001,BATCH-003,SB002,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0060,fact_or_view_sentence,稀土|钨|锑,supply|company,资源民族主义和供应链安全竞争背景下，稀土、钨、锑、镓、锗等具有较强,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-025_杨畅，夏知非12745505119829.pdf,b32221fa8b461e4b83323edb34d5ba6ca3edc594ef4da66f31bf6473a00f7079,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00622,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,risk_sentence,锡,inventory|risk,矿端生产扰动和国内锡锭去库或支撑锡价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00623,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,fact_or_view_sentence,锡,supply,供给端，缅甸佤邦低海拔高品位锡矿区一季度以排水和恢复作业为主而实际采矿推进有限，叠加工业炸药审批进度,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00624,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,indicator_sentence,锡,cost,10000-21000吨），国内锡精矿加工费有所升高或预示供需紧张状态缓解；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00625,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,fact_or_view_sentence,锡,supply,云南及中国（江西）精炼锡产能开工率较上周,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00626,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,fact_or_view_sentence,锡,demand|cost,需求端，锡价走高或抑制国内下游采购意愿，但是美国科技巨头26年一季度财报利润超预期引导人工智能等领域乐,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00627,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,fact_or_view_sentence,锡,inventory,库存端，上期所精炼锡库存量较上周减少；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00628,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,fact_or_view_sentence,锡,price|inventory|demand,领域存乐观需求预期，国内精炼锡社会库存量趋降，或使沪锡价格有所反弹。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00629,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,risk_sentence,锡,risk,关注380000-400000附近支撑位及445000-475000附近压力位，伦敦锡,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00630,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,risk_sentence,锡,price|risk,沪锡基差为负且基本处于合理区间，月差为负且基本处于合理区间，而这源于缅甸佤邦锡矿复产不及预期使国内锡,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00631,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,fact_or_view_sentence,锡,inventory,矿供需紧平衡，但是通胀反弹担忧引导美联储等多国央行加息预期，海内外精炼锡总库存量环增且仍处高位，建议投资,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00632,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,fact_or_view_sentence,锡,price,者暂时观望沪锡基差和月差的套利机会。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00633,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0061,fact_or_view_sentence,锡,price,沪锡近月 -连一 沪锡连一 -连二 沪锡连一 -连三 沪锡连二 -连三,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-026_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-026_王文虎25165655115927.pdf,f3eb0abc0dcf96121c1b7bdd3306a10b53888484d752967f5f95bee89e6a2fd0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00634,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,fact_or_view_sentence,锡,inventory,美联储加息预期升温和海内外锡锭累库或抑制锡价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00635,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,fact_or_view_sentence,锡,supply,供给端，缅甸佤邦锡矿因工业炸药审批及雨季露天开采与运输受限而复产进度缓慢，使中国对缅甸锡矿,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00636,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,indicator_sentence,锡,supply|cost,少于23年10月至24年3月每月进口量约10000-21000吨），国内锡精矿加工费有所升高或预示供需紧张状态缓,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00637,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,fact_or_view_sentence,锡,supply,云南及中国（江西）精炼锡产能开工率较上周升高（持平）。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00638,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,fact_or_view_sentence,锡,demand|cost,需求端，锡价走高或抑制国内下游采购意愿，但是美国科技巨头26年一季度财报利润超预期引导人工智,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00639,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,fact_or_view_sentence,锡,inventory,库存端，上期所精炼锡库存量较上周增加；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00640,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,fact_or_view_sentence,锡,demand,因此，缅甸佤邦锡矿复产缓慢和雨季生产受限，人工智能及新能源领域存乐观需求预期，但是美联储加,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00641,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,fact_or_view_sentence,锡,price,息预期时点由27年1月提前至26年12月，或使沪锡价格有所调整。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00642,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,risk_sentence,锡,risk,伦敦锡46500-49500附近支撑位及54500-56500附近压力位。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00643,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,risk_sentence,锡,price|risk,沪锡基差为正且处于相对高位，月差为负且基本处于合理区间，而这源于缅甸佤邦锡矿复产不及预期使国内锡矿供,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00644,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,fact_or_view_sentence,锡,inventory,需紧平衡，但是通胀反弹担忧引导美联储等多国央行加息预期，海内外精炼锡总库存量环增且仍处高位，建议投资者暂,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00645,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0062,fact_or_view_sentence,锡,price,沪锡近月 -连一 沪锡连一 -连二 沪锡连一 -连三 沪锡连二 -连三,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-SMALL-20260614-027_王文虎25231685122650.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-027_王文虎25231685122650.pdf,8b537bcca5e865502abda9de021f04a21c234ed2af1154609eb457070f9bea0a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00646,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,indicator_sentence,铜,price,铜：本周LME 铜价+0.67%到13635.0 美元/吨，沪铜+0.15%到 10.49 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00647,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,fact_or_view_sentence,铜,supply|cost,供应端，据SMM，进口铜精矿加工费周,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00648,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,indicator_sentence,铜,inventory,截至 5 月 21 日周四，SMM 全国主流地区铜库存环比上周四增加0.05 万吨至 24.38 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00649,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,fact_or_view_sentence,铜,price|inventory|supply,冶炼端，据 SMM，因此前铜价上涨，企业进行再生铜原料库存补库。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00650,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,indicator_sentence,铜,supply,开工率环比上升 9.14 个百分点至 57.56%，然而随本周铜价再度回落，预计下周环比回落1.32 个百分点至 56.24%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00651,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,indicator_sentence,铜,supply|demand,消费端，据 SMM，本周精铜杆开工率环比下降1.54 个百分点至 61.97%，实际表现优于预期。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00652,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,fact_or_view_sentence,铜,demand,周初铜价回落带动订单阶段性增加， 下游提货表现尚可，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00653,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,indicator_sentence,铝,price,铝：本周LME 铝价+2.35%到 3556.0 美元/吨， 沪铝+0.60%到 2.45 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00654,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,indicator_sentence,铝,inventory|demand,消费地铝棒库存共 20.55 万吨，库存较上周四下降2.85 万吨，库存去化速度加快；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00655,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,indicator_sentence,铝,price|supply,冶金级氧化铝建成总产能11522 万吨/年， 运行总产能8664 万吨/年， 全国氧化铝周度开工率较上周下跌0.38 个百分,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00656,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,fact_or_view_sentence,铝,inventory,库存方面， 从库存结构来看， 电解铝厂的原料库存本周继续去化， 但多数企业原料库存仍较为充裕， 补,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00657,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0063,fact_or_view_sentence,铝,cost|policy,成本端， 因几内亚铝土矿出口配额政策迟迟未落地， 长期处于僵持的铝土矿市场逐渐恢复交易情况，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-028_王钦扬，金云涛24074715107862.pdf,016e8221a79de6caf4b46958ad4272be01d55462dc7e1e1b064c54da92b219ab,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00658,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,金,price,【贵金属】 贵金属市场周四夜盘整体反弹，沪金主力合约收至906.60 元/克， 涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00659,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,indicator_sentence,金,price|company,回落、美债收益率小幅下行提振，现货黄金止跌反弹，日内涨幅约 3.17%，报,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00660,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,银,price,现货白银跟随上行，跌幅收窄并转为小幅上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00661,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,银,price,中长期仍对金银价格形成压制，后续价格波动或将进一步放大。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00662,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,铜,price|cost,【铜】铜矿端，现货TC 大幅下跌，矿端依然偏紧，本月要重点关注巴拿马审计,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00663,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,铜,supply,端，国内产量维持高位，目前全球硫磺和硫酸供给收紧制约湿法铜产量释放，有,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00664,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,铜,demand,需求端，分化明显，数据中心耗铜维持高增速，但比重仍偏低，对铜整体需,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00665,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,铝,price|inventory|demand,【铝】周四，电解铝社会库存虽然去库幅度较大，但主要是由于价格下降，下游,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00666,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,铝,inventory|supply,基本面，目前供给偏紧预期叙事有所改变，加上国内铝库存高企，现,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00667,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,indicator_sentence,锡,supply|cost,【锡】 供应端， 锡精矿加工费再度上调300 元/吨， 虽然缅甸佤邦锡矿复产不及预,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00668,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,锡,supply,冶炼端， 云南江西两省精炼锡冶炼企业开工率保持小幅回升态势，,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00669,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0064,fact_or_view_sentence,锡,policy,外， 需重点关注印尼政策， 涵盖锡矿RKAB 配额和锡锭出口关税， 可能给市场带来,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-029_贾利军，明道雨，刘慧峰4129825126025.pdf,a0d484dde8899f2f44895140f5760f10b301e88e3185dec41a273d92af188f63,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00670,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0065,indicator_sentence,钨,price,月5 日，65%黑钨精矿价格报50 万元/标吨， 周环比涨19.1%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf,3bade56e5a23f004d45abb35317639a44cf2b262bd5c33716cec24b711c6990f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00671,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0065,fact_or_view_sentence,钨,price,仲钨酸铵 （APT） 价格报77 万元,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf,3bade56e5a23f004d45abb35317639a44cf2b262bd5c33716cec24b711c6990f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00672,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0065,indicator_sentence,钨,price,碳化钨粉价格报1150 元/公斤， 周环比涨21.1%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf,3bade56e5a23f004d45abb35317639a44cf2b262bd5c33716cec24b711c6990f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00673,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0065,fact_or_view_sentence,钨,price|inventory,格端，受钨原料库存告急和钨价上涨影响，三菱综合材料、住友电气工业、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf,3bade56e5a23f004d45abb35317639a44cf2b262bd5c33716cec24b711c6990f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00674,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0065,fact_or_view_sentence,钨,company,科、新锐股份、中钨高新、华锐精密、民爆光电、沃尔德、杰美特。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf.txt,ana-data/cases/有色案例/raw/YS-SMALL-20260614-030_赵璐，朱柏睿，张其超2744825120494.pdf,3bade56e5a23f004d45abb35317639a44cf2b262bd5c33716cec24b711c6990f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00675,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,company,史股价复盘角度分析黄金珠宝行业投资机会,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00676,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,company,矿公司，总结不同金价波动背景下两类标的的行情规律。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00677,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,price|cost|company,品牌产品以黄金为主要原材料、 以金价为锚进行价格调整， 利润端还受,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00678,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,company,黄金、赤峰黄金、湖南黄金）进行复盘对比。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00679,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,cost|company,金矿公司营收及归母净利润同比与金价同比高度正相关、 利润弹,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00680,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,indicator_sentence,金,company,性较大（2024 年金价同比约+27%，赤峰黄金净利同比+119%、湖南黄,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00681,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,indicator_sentence,金,price,金净利同比+73%） ， 但金价下跌或震荡期波动同样剧烈；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00682,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,price,度同步，金价涨幅越大，股价弹性越高、但回调时跌幅也更深；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00683,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,inventory,期，加盟商开关店、渠道库存调整等影响，与金价背离期更长、滞后约,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00684,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,demand|company,◼ 草根调研： 金价震荡有望带来黄金珠宝消费心态的回补。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00685,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,price|demand|company,费者问卷调查，黄金上涨具有带动效应，但也会带来观望态度， 对消费,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00686,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0066,fact_or_view_sentence,金,demand|company,需求同时具备促进和抑制两方面影响，黄金的“投资”与“消费”需求,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-011_@吴劲草，@郗越8000305118800.pdf,c6dc6fac24353a9281a007522883da172be375dc6951260bda5fe633256daddd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00687,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0067,fact_or_view_sentence,钨,company,出前十的股票是潍柴动力、粤桂股份、翔鹭钨业、中曼石油、达意隆、博云,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-012_@张欣慰26750275090775.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-012_@张欣慰26750275090775.pdf,7bdf8c78c71e916a8ac8ee29bc83f8b4c081bad7926068c75b48ccd87401b4cd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00688,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0067,fact_or_view_sentence,钨,company,粤桂股份、翔鹭钨业、中曼石油、达意隆、博云新材、卓易信息、金陵体育、平,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-012_@张欣慰26750275090775.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-012_@张欣慰26750275090775.pdf,7bdf8c78c71e916a8ac8ee29bc83f8b4c081bad7926068c75b48ccd87401b4cd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00689,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,镍,policy,►硫磺危机叠加印尼镍矿多项政策影响，镍价持续处于,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00690,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,镍,price,截止到 5 月 29 日，LME 镍现货结算价报收 18875 美元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00691,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,indicator_sentence,镍,price|inventory,吨，较 5 月 22 日上涨 1.75%，LME 镍总库存为 276864 吨，较,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00692,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,镍,price,截止到 5 月 29 日，沪镍报收 144096 元,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00693,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,indicator_sentence,镍,price|inventory,/吨，较 5 月 22 日价格上涨 0.01%，沪镍总库存为 84621 吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00694,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,镍,price,（SHFE）镍主力合约一度跌破 14.1 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00695,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,镍,supply,始，强劲的供应支撑帮助镍价企稳于 14.2 万元/吨上方，之后,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00696,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,镍,policy,受硫磺危机叠加印尼镍矿多项政策影响，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00697,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,镍,supply|demand,衡，以及 MHP 和高冰镍的下游镍盐冶炼厂对高价接受度较,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00698,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,镍,price,低，构成制约价格上涨的核心阻力，预计镍价持续处于多空拉,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00699,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,钴,price,►钴市供需双弱，电钴价格继续维持横盘,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00700,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0068,fact_or_view_sentence,钴,price,氧化钴报收 33.2 万元/吨，较 5 月 22 日价格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-013_@晏溶14220085113997.pdf,da00915b013c7b7b1c0ac871f6c128006d2547ccfc180013b1b37deb5153ee84,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00701,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0069,fact_or_view_sentence,钨,project,Sangdong 钨矿建设项目已基本完工，预计近期内,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf,1b34e9819bea61dd036975fe2cd60f56a8012c1e36ee30c6c3268a9fa872f1c5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00702,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0069,fact_or_view_sentence,钨,project,黑德县的一个战略性美国钨矿项目，该项目有望最早于 2026,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf,1b34e9819bea61dd036975fe2cd60f56a8012c1e36ee30c6c3268a9fa872f1c5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00703,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0069,fact_or_view_sentence,钼,supply|project,未来潜在生产之前确定矿产储量，从而解决目前严重的钼供应,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf,1b34e9819bea61dd036975fe2cd60f56a8012c1e36ee30c6c3268a9fa872f1c5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00704,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0069,fact_or_view_sentence,钨,price|company,这一增长主要归功于钨价上涨以及公司位于,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf,1b34e9819bea61dd036975fe2cd60f56a8012c1e36ee30c6c3268a9fa872f1c5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00705,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0069,fact_or_view_sentence,锡,supply,1.《能源金属周报|锡供给端对锡价仍有支撑，需持,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf,1b34e9819bea61dd036975fe2cd60f56a8012c1e36ee30c6c3268a9fa872f1c5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00706,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0069,fact_or_view_sentence,锡,price,2.《能源金属周报|锡矿端延续偏紧预期叠加近期沪,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-014_@晏溶5052304945928.pdf,1b34e9819bea61dd036975fe2cd60f56a8012c1e36ee30c6c3268a9fa872f1c5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00707,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,fact_or_view_sentence,钨,project,关键金属之钨投产项目追踪 —— 巴库塔钨矿预计将,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00708,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,fact_or_view_sentence,钨,supply,于2025Q2商业生产，对全球钨供应增量贡献可观,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00709,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,fact_or_view_sentence,钨,project,根据弗若斯特沙利文的资料，截至2024年12月31日，巴库塔钨矿是一个全球最大型三氧化钨(WO3 )矿产资源量露天钨矿，也是全球第四大WO3矿产资源量,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00710,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,fact_or_view_sentence,钨,supply,钨矿（包括露天钨矿及地下钨矿 ），在单一钨矿中拥有世界上最大的设计钨矿产能 。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00711,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,indicator_sentence,钨,project,(0.228% WO3 )，截至2024年12月31日，根据《JORC规则》指引，佳鑫国际的巴库塔钨矿拥有的可信矿石储量为 7030万吨矿石 ，平均品位为 0.206%,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00712,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,fact_or_view_sentence,钨,supply,且根据独立技术报告 ，巴库塔钨矿的矿山服务年限剥采比预计为 1.52，优于行业平均水平，巴库塔钨矿采矿条件有,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00713,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,fact_or_view_sentence,钨,project,佳鑫国际计划将巴库塔钨矿项目发展成为世界级钨矿开采项目。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00714,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,fact_or_view_sentence,钨,cost, 巴库塔钨矿一期预计将于2025Q2商业生产，成本优势显著,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00715,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,fact_or_view_sentence,钨,project,佳鑫国际拟于巴库塔钨矿项目中分两期阶段进行运营 ，其中佳鑫国际预期于2025年第二季度展开巴库塔钨矿项目一期商业生产 。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00716,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,fact_or_view_sentence,钨,cost,天然气及劳工成本相比其他大型钨矿所在的国家（如中国）更实惠且相对更低。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00717,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,risk_sentence,钨,supply|risk|project, 近六年全球钨矿供给整体下滑，巴库塔钨矿二期投产后预计贡献全球产量的13%,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00718,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0070,indicator_sentence,钨,supply,根据USGS数据，预计2024年全球钨金属产量为8.1万吨，同比仅增长2%，其中中国产量预计为6.7万吨，约占全球钨金属产量的83%，中国主导全球钨供给,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-015_@晏溶，熊颖15217604700389.pdf,a6df5b609454286e48003caa436ef90a4d2c9ea63c4a048fa4ace36d05b0710f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00719,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0071,fact_or_view_sentence,锡,supply|company,张与技术突破期（2020-2023 年）：2020 年公司整体搬迁至江苏无锡，产能实现飞速发,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-016_@曾朵红，@郭亚男，@胡隽颖12824925013826.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-016_@曾朵红，@郭亚男，@胡隽颖12824925013826.pdf,ff4db45487ae9591e53296a81adde3b6e3e99e0c397f63861caaf1fad500f0aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00720,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0071,fact_or_view_sentence,锡,company,2016 年 7 月至 2018 年 7 月，任无锡吉兴汽车部件科技有限公司研究一部 CAE 工程师；,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-016_@曾朵红，@郭亚男，@胡隽颖12824925013826.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-016_@曾朵红，@郭亚男，@胡隽颖12824925013826.pdf,ff4db45487ae9591e53296a81adde3b6e3e99e0c397f63861caaf1fad500f0aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00721,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,fact_or_view_sentence,锡,company,——锡业股份（000960.SZ）2025 年三季报点评,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00722,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,fact_or_view_sentence,铜|锡,price,2025 年前三季度，锡、铜、锌均价同比均上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00723,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,indicator_sentence,铜,price,26.4 万元/吨，同比+7.0%，沪铜均价为 7.8 万元/吨，同比+4.4%，沪锌均价为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00724,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,indicator_sentence,锡,cost,加工费方面，2025 年前三季度，锡精矿含量 40%云,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00725,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,indicator_sentence,铜|锡,supply,总产量 27.10 万吨， 其中： 产品锡 6.77 万吨、 产品铜 9.68 万吨、 产品锌 10.53,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00726,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,fact_or_view_sentence,锡|钨,company,卡房矿区的资源勘查，提升公司的未来钨、锡相关资源的增储和开发利用水平，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00727,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,fact_or_view_sentence,锡,supply,供给端：缅甸佤邦停产前，2022 年缅甸锡矿产量占全,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00728,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,indicator_sentence,锡,supply,球锡矿产量 15%，佤邦占缅甸锡矿产量 95%，2023 年 8 月佤邦开始停产，今年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00729,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,risk_sentence,锡,supply|risk,开始陆续恢复生产，目前复产进度不及预期，锡矿供给预计持续紧张。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00730,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,indicator_sentence,锡,supply,印尼占全球锡矿产量的比例 17%，由于 RKAB 审批周期变更及印尼总统关闭多,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00731,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,fact_or_view_sentence,锡,demand|company,球锡行业龙头， 随着锡需求的复苏， 公司盈利能力有望改善， 维持 “增持” 评级。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00732,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0072,risk_sentence,锡,price|supply|demand|risk,风险提示：金属价格下行超预期，锡供给超预期风险，锡需求不及预期风险。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-017_@王招华，@方驭涛，王秋琪3477524911444.pdf,8eb157e2f1635d2ab40522618b8e32d81da37a2b3b8f3186dec023e9a276ea8e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00733,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,indicator_sentence,钨,price,16.87%，主要得益于钨产品市场价格上涨及产品销量增加。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00734,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,fact_or_view_sentence,铜|锡|钨,supply|company,➢ 量：1） 矿山方面，25H1 公司钨、 锡、 铜产量同比小幅增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00735,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,indicator_sentence,铜|锡,supply,产量 1849.93 吨， 同比+3.24%， 锡精矿426.12 吨， 同比+2.71%， 铜精矿180.61,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00736,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,fact_or_view_sentence,钨,supply,统工程，增储扩产，同时加快矿山机械化进程，提升采矿、选矿效率，增加钨、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00737,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,fact_or_view_sentence,钨,demand,（2） 下游加工方面，棒材、 钨粉、 碳化钨粉同比快速增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00738,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,indicator_sentence,钨,price|company,格上涨， 钨精矿市场价格环比+11.56%， 同比+10.2%，至15.95 万元/吨， 公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00739,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,fact_or_view_sentence,锡,price,伴生锡市场价格同环比基本持平，约 26.3 万元/吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00740,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,indicator_sentence,铜,price,生铜市场价格环比持平，同比-3%，至 7.77 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00741,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,fact_or_view_sentence,钨,price,➢ 核心看点：（1）上游矿产资源丰富，受益钨价上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00742,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,indicator_sentence,钨,cost,石雷钨矿、黄竹垅钨矿钨精矿单吨总成本分别为 55028.00 元/吨、53547.26 元,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00743,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,indicator_sentence,钨,price,/吨、61808.76 元/吨、57122.00 元/吨，充分受益钨价上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00744,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0074,indicator_sentence,锡|钨,supply|project,司拥有 6 座采矿权矿山，10 个探矿权矿区，保有钨资源储量 7.94 万吨，锡资源,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-019_@邱祖学，@李挺6338204839788.pdf,1df3e8369bfac4da9c92bc520db49ddadd1cc13e1f03cb66a93ffd4138b65982,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00745,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0075,fact_or_view_sentence,铜|稀土,price,图 27： 2020-2022 年，铜、磁材价格上涨（元/kg） ................................................................................................ 17,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf,7de748323a4ffdf1a0e8cb3948e08bb154791e9c25e6b98b0ee6683a30080a2e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00746,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0075,fact_or_view_sentence,锡,supply|company,2018 年起，公司逐步搬迁至无锡并投建一期产能、启动扩产周期。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf,7de748323a4ffdf1a0e8cb3948e08bb154791e9c25e6b98b0ee6683a30080a2e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00747,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0075,fact_or_view_sentence,铜|稀土,price,尤其是 2020-2022 年，铜、磁材价格大幅上涨，加速了直驱机型,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf,7de748323a4ffdf1a0e8cb3948e08bb154791e9c25e6b98b0ee6683a30080a2e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00748,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0075,fact_or_view_sentence,铜|稀土,price,图 27：2020-2022 年，铜、磁材价格上涨（元/kg） 图 28：全球直驱机型占比呈下降趋势,converted_text_page_17_sentence_scan,17,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf,7de748323a4ffdf1a0e8cb3948e08bb154791e9c25e6b98b0ee6683a30080a2e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00749,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0075,fact_or_view_sentence,锡,project,品在无锡基地下线，有望应用于帆石二项目中。,converted_text_page_23_sentence_scan,23,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-020_@邱迪，@李航39582704939742.pdf,7de748323a4ffdf1a0e8cb3948e08bb154791e9c25e6b98b0ee6683a30080a2e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00750,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,supply,六氟化钨海外供应趋紧，关注国内生产商发展机遇,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00751,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,supply, 六氟化钨海外供应趋紧，建议关注国内生产商发展机遇。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00752,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,project,直接原材料为高纯钨粉、高纯氟气，中国则是全球产钨最多的国家，钨矿储量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00753,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,supply,国内原料管控约束下，境外部分六氟化钨生产商产量受限，2026 年 4 月初，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00754,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,supply,外供给不足，国内六氟化钨迎来高速发展期，整体呈现量价齐升格局。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00755,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,price,总署发布六氟化钨出口数据，2026 年 1 月-4 月，六氟化钨出口均价由 68.75 美,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00756,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,supply,六氟化钨海外供应趋紧，建议关注国内生产商发展机遇。,converted_text_page_20_sentence_scan,20,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00757,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,supply|project,纯钨粉、高纯氟气，中国则是全球产钨最多的国家，钨矿储量和产量均居世界首位。,converted_text_page_20_sentence_scan,20,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00758,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,policy,月，商务部发布公告，加强钨相关物项对日本出口管制。,converted_text_page_20_sentence_scan,20,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00759,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,supply,国内原料管控约束下，境外部分六氟化钨生产商产量受限，2026 年 4 月,converted_text_page_20_sentence_scan,20,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00760,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,supply|demand,市场需求高景气加之海外供给不足，国内六氟化钨迎来高速发展期，整体,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00761,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0076,fact_or_view_sentence,钨,supply,建议关注国内六氟化钨供应商【中船特气】、,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-021_冀泳洁73242465122556.pdf,bd1118689f3e9a09009771389f985511d188cccf6dcae0c32f3360cea11f93a5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00762,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,fact_or_view_sentence,钨,price|company, 中国五矿旗下上市公司，业绩受益于钨价上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00763,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,fact_or_view_sentence,钨,company,公司是中国五矿旗下的钨行业上市公司，业务覆盖钨产业链的多个环节。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00764,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,fact_or_view_sentence,钨,cost|company,年中国五矿旗下的优质钨矿资源开始注入公司，公司利润规模和盈利能力得,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00765,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,fact_or_view_sentence,钨,price|company,2025年前三季度受益于钨价上涨，公司业绩表现继续向好。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00766,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,indicator_sentence,钨,supply,供给端，短期产量增长有限：我国拥有全球 80%以上钨矿供应和 50%以上钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00767,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,fact_or_view_sentence,钨,supply|project,矿储量，而我国对钨矿开采严格管控，短期国内钨矿供应难有明显增长；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00768,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,risk_sentence,钨,supply|cost|risk|project,钨矿项目面临资金和成本压力，实际产能增量较小。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00769,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,fact_or_view_sentence,钨,demand|policy,水电工程、我国设备以旧换新政策等因素将支撑硬质合金的钨需求，光伏钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00770,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,fact_or_view_sentence,钨,demand,丝渗透率提升将带动钨丝需求，全球军费增长趋势将带动钨特钢需求，数据,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00771,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,fact_or_view_sentence,钨,project, 看点：钨矿资源有望注入，PCB微钻新增扩产项目,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00772,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,indicator_sentence,钨,supply|company,1.公司通过自有+托管控制五座矿山，钨矿自供率（ 含托管公司产能）在 70%,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00773,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0077,fact_or_view_sentence,钨,supply|company,以上，其中柿竹园和远景钨业已注入公司旗下，其他三座矿山处于托管状态，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-022_张珂12064315018651.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-022_张珂12064315018651.pdf,96f865525b9c087b1eb0b1e6725e1ebe7cb1900e711f93d1aba3edbfd8c23042,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00774,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0078,indicator_sentence,锡,company,资控股南京晨瑞和间接控股无锡德同，合计控制公司约 37.79%的股权。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-023_张磊，陈子锐，孙诗宁12928455041141.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-023_张磊，陈子锐，孙诗宁12928455041141.pdf,690fe21943d20c836546693726cac7b165b4d449004e5a0ccb40a0ae82f3e3a4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00775,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0078,fact_or_view_sentence,锡,company|project,2026 年 1 月，公司签署发布《关于项目投资暨签订合作协议的公告》 ，公司与无锡宛山,converted_text_page_20_sentence_scan,20,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-023_张磊，陈子锐，孙诗宁12928455041141.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-023_张磊，陈子锐，孙诗宁12928455041141.pdf,690fe21943d20c836546693726cac7b165b4d449004e5a0ccb40a0ae82f3e3a4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00776,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,fact_or_view_sentence,锡,cost|company,【兴证金属】锡业股份：Q2 扣非利润亮,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00777,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,fact_or_view_sentence,锡,supply|company,资源方面，公司拥有大屯锡矿、 老厂分公司、 卡房分公司和华联锌铟四大主力矿山， 锡、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00778,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,fact_or_view_sentence,锡,supply|company,冶炼方面及精深加工方面，公司拥有中国最大的锡生产加工,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00779,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,indicator_sentence,铜|锡,supply,基地，已形成锡冶炼 8 万吨/年、阴极铜 12.5 万吨/年、锌冶炼 10 万吨/年、压铸锌合金,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00780,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,indicator_sentence,锡,supply|company,产能 5 万吨/年、铟冶炼产能 105 吨/年，参股的新材料公司拥有锡材产能 4.3 万吨/年、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00781,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,fact_or_view_sentence,锡,company,市场地位方面，公司为锡铟双龙头，公司自 2005 年以来锡,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00782,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,fact_or_view_sentence,锡,company,产销量位居全球第一，位列 2025 年十大精锡生产商之首， 2025 年公司锡金属国内市,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00783,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,fact_or_view_sentence,锡|钨,company,提升公司未来钨、 锡相关资源的增储和开发利用水平，公司 《云南锡业股份有限公司卡,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00784,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,fact_or_view_sentence,锡,supply|demand,⚫ 供给刚性、需求可期，锡价中枢长期上移。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00785,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,indicator_sentence,锡,supply,甸 1-3 月锡矿进口金属量分别为 1514/1620/1567 吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00786,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,risk_sentence,锡,supply|policy|risk,在佤邦逐步复产、 印尼配额提升影响下锡矿供给边际转向宽松， 但过去主产地扰动频发,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00787,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0079,fact_or_view_sentence,锡,supply,背景下， 同时新增锡矿增长有限， 因此锡矿供给端仍然刚性。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-024_李怡然，汤璐阳12891515076280.pdf,12469fb9a94739f10e8c8452f43bfb2bffc2830272844a9df836df9239353437,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00788,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,fact_or_view_sentence,锡,price,锡价格上行推动业绩增长-2024.08.31,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00789,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,indicator_sentence,锡,supply|company,上半年公司矿产银/锡/锌产量分别为 131/3590/29986 吨，同比+4.6%/-20.6%/+6.4%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00790,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,risk_sentence,锡,supply|risk|company,公司锡产量同比有所下滑，主要受银漫矿业停产影响。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00791,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,indicator_sentence,金|银|锡,price|company,黄金交易所白银 Ag(T+D)含税均价为 8171 元/千克， 同比+20.3%，SMM1#锡含税均价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00792,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,indicator_sentence,锡,cost|company,利润：2025 年上半年公司矿产银/锡/锌毛利率分别为 54.7%/68.4%/47.0%， 同比-12.6/-,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00793,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,fact_or_view_sentence,锡,supply,致锡、 银入选品位下降， 造成主产品锡、 银产量同比下降；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00794,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,fact_or_view_sentence,锡,price|company,⚫ 受益于银、锡价格上行，公司 25Q2 业绩环比实现提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00795,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,indicator_sentence,金|银,price|company,从价格来看，25Q2 上海黄金交易所白银 Ag(T+D)含税均价为 8341 元/千克， 环比+4.4%/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00796,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,indicator_sentence,锡,price,SMM1#锡含税均价为 263957 元/吨，环比+1.2%/同比+0.3%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00797,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,fact_or_view_sentence,锡,price|company,动，25Q2 受益于银、锡价格上行，公司业绩环比实现提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00798,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,fact_or_view_sentence,锡,supply|project,⚫ 在产矿山生产平稳， 新增项目稳步推进， 银锡等金属产量增量可观。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00799,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0080,indicator_sentence,银,project,扩建后可达 825 万吨/年采选规模，预计年产白银 450 吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-025_李怡然，汤璐阳4288564837582.pdf,0d8afd85a3acc45f9741e5b0b1cf616fb99622877c0107c1a4690fc2c520c345,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00800,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,fact_or_view_sentence,金,company,<<【太平洋有色】湖南黄金 2025 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00801,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,risk_sentence,钨,supply|risk,自产金产量有所下滑，未来金、钨产量提升空间较大 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00802,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,indicator_sentence,金,supply|company|project,发行股份的方式收购黄金天岳、中南冶炼 100%股份，黄金天岳拥有湖南,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00803,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,indicator_sentence,金,company|project,区累计探获黄金资源量 300.2 吨，地下 3000 米以上远景黄金储量超 1000,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00804,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,fact_or_view_sentence,钨,company,公司控股子公司新邵四维矿产有限公司取得新邵县潭溪钨矿采矿许可证，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00805,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,indicator_sentence,钨,supply|company|project,采选规模为 99 万吨/年，该项目达产后公司钨产量将迎来明显增量。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00806,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,fact_or_view_sentence,钨|锑,price|cost|company,自产金、锑品为核心利润来源 ，钨品价格显著提升有望增厚公司利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00807,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,indicator_sentence,锑,company,2025 年 公司自产金 / 锑品收入分别为 26.5/27.5 亿元，同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00808,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,indicator_sentence,锑,cost,别为 15.7/14.0 亿元，毛利占比分别为 51.0%/45.5%，自产金、锑品为公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00809,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,indicator_sentence,钨,company,2025 年公司仲钨酸铵收入 1.9 亿元，同比+42.2%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00810,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,fact_or_view_sentence,钨,price,根据 iFind 数据，2025 年钨品出口均价为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00811,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0081,fact_or_view_sentence,钨,price|company,2026 年4 月均价涨至 150.1 万元/吨， 钨品价格显著提升有望增厚公司利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-026_梁必果，刘强3945935115702.pdf,0b63f583664207d92a46973e20f4b42dcaad120f735b3e6cc7d9be96b1808ddc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00812,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,钨,price,20260531 周报：钨市逐渐止跌企稳，前期泡沫基,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00813,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,金,price|company, 贵金属：美伊和谈难言定局，黄金价格震荡偏弱运行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00814,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,银,price|policy,维持高利率政策的担忧，正在限制金银价格进一步上涨空间。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00815,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,金,price|policy|company,全球关税政策和地缘政治的不确定性背景下，避险和滞涨交易仍是黄金交,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00816,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,金,company,个股：黄金关注招金灵宝万国紫金黄金，A,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00817,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,金,company,银铂钯均为黄金的贝塔，个股关注盛达、湖银、豫光、贵研及浩通等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00818,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,risk_sentence,铜,policy|risk, 工业金属：地缘扰动叠加政策预期，铜市高位震荡运行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00819,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,铝,price|cost,涨、氧化铝价格微跌、预焙阳极价格持稳影响，预计本周电解铝理论成本,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00820,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,锂,price|inventory, 新能源金属：碳酸锂价格下跌，期货仓单高企。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00821,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,钴|镍,supply|cost|project,本镍湿法冶炼项目利润长存，关注力勤资源、华友钴业。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00822,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,钨,price, 其他小金属：钨市逐渐止跌企稳，前期泡沫基本出清。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00823,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0082,fact_or_view_sentence,金|锡|锑,company,个股：锑建议关注湖南黄金、华锡有色、华钰矿业；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-027_王保庆28083045114249.pdf,efafa1f2f5359844f0588f9d6412d86f5756236dd5cda0e5824b457d190a033f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00824,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,fact_or_view_sentence,稀土|锡|钨,company,2026Q1 有色行业中资源型企业盈利更强， 其中锡、 钨、稀土等板块的归母净,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00825,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,fact_or_view_sentence,铜|铝|金|钴|镍|锡|钨,company,我们对有色板块下的黄金、铜铝、铅锌、镍钴、锡、钨、钛,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00826,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,fact_or_view_sentence,钨,price,2026Q1 钨价格爆发性上涨再创新高，钨板块业绩继续高增。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00827,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,indicator_sentence,铝|稀土|锡|钨,company,2） 钨、锡、 铝和稀土的归母净利同比增速均超 100%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00828,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,indicator_sentence,锡|钨,cost,史新高，钨和锡的归母净利润同比增速分别为 303%和 132%，增 速位居,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00829,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,fact_or_view_sentence,铝,price|cost,受益于价格上行、 成本下行等因素， 电解铝板块 的单吨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00830,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,fact_or_view_sentence,金|稀土,cost|company,2025 年有色行业中稀土和黄金的归母净利润同比增速最高。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00831,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,indicator_sentence,金|钴|镍|钨,company,1） 黄金、钨、镍钴板块的营收同比增速超过 20%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00832,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,indicator_sentence,金,company,黄金板块营收同比+39%，增速位于板块前列；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00833,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,fact_or_view_sentence,金|稀土,cost|company,2） 稀土和黄金的归母净利润同比增速 遥遥领先 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00834,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,fact_or_view_sentence,稀土,price|supply|cost|company,处于周期低谷，2025 年稀土价格回升后矿山和冶炼环节的利润集中释 放。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00835,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0084,indicator_sentence,金,cost|company,2025 年黄金公司也实现营收净利双增， 净利润同比增速为 98%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-029_王小芃，李烁，于柏寒20329395121422.pdf,69a1f2c24d360569c65a1c4811ac73aa2a09aeac3982bcd4e91fbdbd57b94baf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00836,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,demand,优质钨矿资产注入夯实一体化根基，新兴需求领域布局前景良好,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00837,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,supply|demand,❑ 钨精矿供给长期趋紧，新兴领域拉动硬质合金需求长期向上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00838,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,project,钨是重要的战略性稀有金属资源，全球钨增量有限，我国钨储量占据优,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00839,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,supply|project,我国钨供给变动对全球具有决定作用，在全球储量及产量占据,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00840,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,supply,龙头位置，国内钨精矿行业集中度高，且随着小矿山逐渐减少，资源进,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00841,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,demand,我国钨逐渐由初级原料出口向下游深加工产品切,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00842,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,policy,率控制、 钨矿开采总量指标收紧趋势、 对钨等战略性金属进行出口管制、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00843,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,supply|cost,钨资源开采成本上升等多重因素导致供给端约束越来越强。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00844,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,demand,质合金是钨主要消费领域，我国钨消费全球占比大幅提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00845,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,demand,市场仍呈现增长趋势， 光伏钨丝渗透率提升带动钨丝需求增长，AI 领域,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00846,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,demand,PCB 发展迅速对微钻需求高增，钨需求长期向上。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00847,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0085,fact_or_view_sentence,钨,company|project,公司 2004 年收购柿竹园公司，柿竹园钨资源储量大、市场份额高，配,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-030_王攀20381124969297.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-030_王攀20381124969297.pdf,71cc076c675bb5cb9d8dbd55f64f2a6972c530e4b0f7114cc9a144ef78c5fa49,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00848,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,indicator_sentence,金,price,块下跌2.45%，小金属板块下跌3.01%，能源金属板块下跌6.46%，贵金属板块,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00849,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,fact_or_view_sentence,金,price|company,加息预期，叠加地缘局势持续发酵，致使黄金价格承压。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00850,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,fact_or_view_sentence,金|银,price|company,黄金价格收于4569.90美元/盎司，较5月初下跌55.7美元，COMEX白银价格收,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00851,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,fact_or_view_sentence,金,price|company,于75.59元/盎司，较5月初下跌0.25美元，上海黄金交易所黄金Au（T+D）价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00852,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,risk_sentence,铜|铝,supply|policy|risk,基本面看，工业金属铜铝等供给侧扰动延续，美国进口铜关税政,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00853,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,fact_or_view_sentence,铝,policy,策预期升温，几内亚计划于6月出台政策对铝土矿进行管控；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00854,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,fact_or_view_sentence,铜|铝,demand,算力需求增加，铜的新增需求不断提升，铝下游新能源汽车、机器人等领域,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00855,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,indicator_sentence,铜|铝,price,LME铜价收于13611.50美元/吨，LME铝价收于3674美元/吨，LME铅价收于,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00856,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,indicator_sentence,镍,price,2011.50美元/吨，LME锌价收于3543.50美元/吨，LME镍价收于18955美元/吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00857,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,fact_or_view_sentence,锂,price,截至5月29日，碳酸锂期货价格收于17.97,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00858,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,fact_or_view_sentence,钴,price,钴现货价格收于42.38万元/吨，较5月初上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00859,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0086,fact_or_view_sentence,锂,company,建议关注赣锋锂业（002460）、天齐锂业（002466）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-031_许正堃9816875115919.pdf,f32111e93739450121cb15363a3710faf03730c565ce715d4606654d9f93e95e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00860,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,fact_or_view_sentence,钨|钼,supply|cost,钨钼板块：钨价创历史新高，显著增厚矿山利润。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00861,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,fact_or_view_sentence,钨,demand,2）光伏钨丝出货基本平稳，2025 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00862,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,indicator_sentence,钨,cost,格约 21.62 万元/吨， 同比+59.51%， 增厚钨矿利润， 宁化行洛坑、 都昌金鼎、 洛,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00863,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,fact_or_view_sentence,稀土,company,稀土板块：积极拓展海外市场，新兴领域磁材持续放量。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00864,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,fact_or_view_sentence,钨,company,年，公司完成对厦钨电机工业有限公司非同比例增资的交易，增资后公司持有厦,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00865,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,indicator_sentence,钨,price|company,"均价约 74.35 万元/吨，环比+119%,公司积极应对钨原材料价格大幅上涨，动态",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00866,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,indicator_sentence,锂,cost,锂及其他） 销量1.57 万吨， 同比增长26% ，26Q1 实现利润总额 2.60 亿元， 同,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00867,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,indicator_sentence,稀土,cost|company,3） 稀土板块，26Q1 实现利润总额 0.70 亿元， 同比增长65.72%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00868,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,fact_or_view_sentence,稀土|钨|钼,price|cost|company,投资建议：钨价上涨显著增厚矿端利润，钨钼板块、电池材料和稀土磁材三轮驱,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00869,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,fact_or_view_sentence,钨,supply,2025 年一季报点评：钨价走高增厚矿山利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00870,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,fact_or_view_sentence,钨|钼,supply|cost,评：钨价走高增厚矿山利润，钨钼板块表,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00871,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0087,fact_or_view_sentence,钨|钼,company,2.1 电池材料、钨钼板块领跑，公司业绩稳步提升 ........................................................................................................................... 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-032_邱祖学，李挺10915245097015.pdf,4ae6e7590374380182d877a649df10072d7bf6476a18aa468984a932b2088da0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00872,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,锑,supply,——金锑景气预期持续，增量矿山逐步兑现,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00873,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,锑,supply|company|project,⚫ 公司是金锑高弹性标的，随着多个增量矿山项目产量逐步释放，公司业绩有望进入高速成,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00874,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,锑,company,⚫ 全球锑供需持续趋紧，锑价维持强势，公司锑业务弹性较大。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00875,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,锑,supply,俄罗斯，供给端整体较为刚性：国内锑矿产量受环保督察趋严影响有所下降，据上海有色,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00876,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,indicator_sentence,锑,supply,网数据，2025 年 1-11 月，中国锑锭产量约 6 万吨，同比-15.5%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00877,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,金,supply|company,地黄金公司因奥林匹亚矿区的矿坑过渡问题， 短期供给量受影响较大。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00878,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,锑,price,锑价表现较为强势，根据上海有色网数据，2025 年初至今国内锑均价约 18.47 万元/吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00879,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,锑,supply|company|project,年公司加快海外锑冶炼厂项目建设，预计后续锑业务弹性有望持续释放。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00880,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,金,price|company|project,⚫ 黄金价格持续上行，塔金项目、泥堡金矿等项目增长空间可期。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00881,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,金,price|company,央行购金等因素影响，金价持续上行，截至 2025 年 12 月 19 日，COMEX 黄金收盘价约,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00882,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,金,company|project,根据公司公告，泥堡金矿项目有黄金储量 46.7 金属吨黄金品位 4.15 克/吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00883,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0088,fact_or_view_sentence,金|锑,price|supply|company|project,⚫ 投资分析意见：考虑到金价和锑价上涨影响，以及后续公司海外锑冶炼厂项目、塔金项目,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-033_郭中伟，陈松涛，马焰明5152054960203.pdf,83c88fcbd0206340189e93097d5db31e879adbd938cd84877c25fab11369e98b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00884,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,fact_or_view_sentence,钨,company,厦门钨业(600549)公司首次覆盖,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00885,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,fact_or_view_sentence,稀土|钨,price|company,主要受益于钨和稀土价格上行及销量提升带动，公司通过优化产品与价格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00886,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,fact_or_view_sentence,钨|钼,cost, 25 年 Q1-Q3 钨钼业务利润增长，供需格局趋紧助力钨价高位运行,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00887,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,indicator_sentence,钨|钼,company,2025 年 Q1-Q3， 公司钨钼业务实现营业收入145.68 亿元， 同比增长11.47%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00888,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,indicator_sentence,钨,supply,典） ，现有在产钨矿山钨精矿（65%WO3）年产量约12000 吨，为后端钨的深,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00889,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,indicator_sentence,钨,supply,供给方面，2025 年全国钨精矿（65%WO3）第一批开采总量控制指标 58000,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00890,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,fact_or_view_sentence,钨,demand,需求方面，2025H1 中国钨消费合计3.59 万金属吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00891,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,indicator_sentence,钨,price,价格端，截至2025 年11 月7 日，黑钨精矿（65%）和白钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00892,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,fact_or_view_sentence,钨,price,仲钨酸铵（APT）价格由2025 年初的21.05 万元/吨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00893,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,fact_or_view_sentence,钨,demand, 光伏钨丝下游渗透持续提升，切削工具业务升级驱动销量增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00894,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,fact_or_view_sentence,钨,company,2025 年 Q1-Q3，公司主要深加工产品细钨丝共实现销量1015 亿米，同比下,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00895,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0089,indicator_sentence,钨,company,公司细钨丝在光伏领域市场份额超过80%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf.txt,ana-data/cases/有色案例/raw/YS-WMO-SB-20260615-034_马捷，石昆仑3723794921529.pdf,ef23e98e393750fb2e30b10f3aa063341d1cb364eabc1ae3dee035a40d49304e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00896,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,indicator_sentence,铝,company, 拟并购巴西铝业46%股权，海外布局再落一子。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00897,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,fact_or_view_sentence,铝,company,子公司中铝香港拟通过附属公司与力拓在巴西共同设立合资公司，并以该合,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00898,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,indicator_sentence,铝,company|project,资公司为主体现金收购巴西铝业68.596%股份，公司和力拓分别持股67%和,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00899,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,indicator_sentence,铝,supply|company,铝业目前拥有3座在产铝土矿山，年铝土矿产量约200万吨，氧化铝产能80,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00900,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,indicator_sentence,铝,supply|demand,万吨/年，电解铝产能43万吨/年，下游加工产能21.5万吨/年，可再生能源,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00901,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,fact_or_view_sentence,铝,supply,权益装机规模1.6GW，原铝产量占比超过巴西市场三分之一。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00902,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,fact_or_view_sentence,铝,supply|company,巴西铝业将实现并表，公司在铝产业链的产能产量将实现进一步增长，并有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00903,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,fact_or_view_sentence,铝,price,2026Q1，电解铝均价为2.40万元/吨，同比提高,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00904,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,risk_sentence,铝,supply|demand|policy|risk, 风险提示：下游需求不及预期，几内亚铝土矿政策风险，海外产能超预期释放,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00905,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,fact_or_view_sentence,铝,company,1、 《中国铝业（601600）—主业稳健,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00906,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,fact_or_view_sentence,铝,price|company,-50050100150200Apr/25 Aug/25 Nov/25 Mar/26(%)中国铝业沪深300,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00907,ANA-YS-INDUSTRY-001,BATCH-003,SB003,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0090,indicator_sentence,铝,company,2025年公司生产电解铝808万吨，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_001_@刘伟洁6212495067952.pdf,26719661b75b1026753cf5d0b19713853a71ba41ab62c93227688369b8aa7cdb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00908,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,fact_or_view_sentence,铝,company,1 《天山铝业-半年报点评: 业绩符合预,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00909,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,indicator_sentence,铝,project,期，20 万吨电解铝扩产项目顺利推进》,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00910,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,indicator_sentence,铝,company,2 《天山铝业-公司点评:20 万吨电解铝,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00911,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,fact_or_view_sentence,铝,company,3 《天山铝业-年报点评报告 :业绩翻倍,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00912,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,indicator_sentence,铝,supply|company,1）电解铝： 25 年公司电解铝产量 118.58 万吨，同比+0.84% 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00913,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,indicator_sentence,铝,price|cost,盈利大幅增厚，毛利为 58.01 亿元，同比+38.29%，主要系铝价上涨，毛利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00914,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,indicator_sentence,铝,price,25 年 SHFE 铝均价 2.07 万元/吨，同比+3.5%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00915,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,indicator_sentence,铝,cost|company,25 年公司电解铝生产成本同比 -7%，其中自发电成本同比 -23%，外购电成,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00916,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,indicator_sentence,铝,supply|company,2）氧化铝： 25 年公司氧化铝产量 251.54 万吨，同比+10.4% 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00917,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,indicator_sentence,铝,cost,加生产成本上行致使氧化铝板块 毛利率-19.3pct 至 9.70%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00918,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,indicator_sentence,铝,supply|company,3）铝箔 ：25 年公司铝箔及铝箔坯料产量 17.69 万吨，同比+283.73% ，收,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00919,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0091,fact_or_view_sentence,铝,company,公司石河子铝箔坯料生产基地及江阴铝箔生,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_002_@刘奕町2539585064217.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_002_@刘奕町2539585064217.pdf,d6123b686339d149fa1710e535c68b03cf7e94eb96454422f36a494abd4b3f0b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00920,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,fact_or_view_sentence,铜,company,优于大市江西铜业（600362.SH）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00921,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,fact_or_view_sentence,铜,company,《江西铜业（600362.SH）-国内铜矿盈利稳健，国外资源多点开,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00922,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,risk_sentence,铜,supply|cost|risk,11 亿元，主因铜精矿冶炼加工费下滑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00923,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,fact_or_view_sentence,铜,supply|project,球新建冶炼厂集中投产，铜精矿供应愈加紧张，即使大型冶炼企业，铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00924,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,indicator_sentence,铜,supply|company,对于江西铜业而言，2025 年阴极铜产量目标 237 万吨，前三季度产量估,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00925,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,risk_sentence,铜,cost|risk,铜精矿、冷料的使用配比，预计四季度加工费压力不会显著增加。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00926,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,risk_sentence,铜,price|cost|risk|company,风险提示：铜价下跌，铜精矿加工费下跌，硫酸价格下跌，参股公司复产不,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00927,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,indicator_sentence,铜,cost,元/吨），铜精矿加工费为 25/-10/-10 美元/吨（原值 25/0/0 美元/吨），,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00928,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,fact_or_view_sentence,铜|金|钨,price|cost,盈利稳健，贵金属价格上涨进一步摊低铜矿成本，主导的全球最大露天钨矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00929,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,fact_or_view_sentence,铜,project,投产放量，参股第一量子即将走出低谷期，盈利潜力大，充分受益于铜价上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00930,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,indicator_sentence,铜,cost|company,三季度公司毛利润 40.8 亿元，环比下降 11 亿元，主因铜精矿冶,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00931,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0092,fact_or_view_sentence,铜,supply|project,自从 2023 年 11 月巴拿马铜矿关停以来，叠加全球新建冶炼厂集中投产，铜精矿,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_003_@刘孟峦，@焦方冉3018864912675.pdf,70a016e6593b88aef180be7df9602515d769c0d4c1602c3f6b0bc091ff890d32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00932,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,fact_or_view_sentence,铜,company,《铜陵有色（000630.SZ）-资产减值拖累业绩，看好明年铜矿业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00933,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,fact_or_view_sentence,铜,supply|cost,《铜陵有色（000630.SZ）-铜冶炼成本竞争力强，米拉多二期即,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00934,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,indicator_sentence,铜,supply|company,经营性净现金流-2.3 亿元，现金流下降主因公司新建 50 万吨铜冶炼产能在,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00935,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,fact_or_view_sentence,铜,price|cost,受益于铜价和硫酸价格上涨，2025Q4 单季毛利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00936,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,indicator_sentence,铜,cost|company,2025 年金隆铜业净利润 8 亿元，如果简单以,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00937,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,indicator_sentence,铜,supply|cost|company|project,产能折算，金冠铜业分公司净利润大概 12.2 亿元，暂不考虑新投产的金新,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00938,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,fact_or_view_sentence,铜,price|inventory|supply|cost,企业 2025 年利润尚可，有原料库存周期的因素，也有硫酸价格高、铜冶炼,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00939,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,indicator_sentence,铜,supply,冶炼厂净利率多在 0.5%附近，而铜陵有色主力冶炼厂净利率都在 2%附近，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00940,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,indicator_sentence,铜,company,公司 2026 年预计生产 22.8 万吨铜精矿，按照,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00941,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,indicator_sentence,铜,supply,往年规律，国内铜矿年产量 5 万吨，米拉多一期年产量 13 万吨，则米拉多,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00942,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,indicator_sentence,铜,cost|company|project,中铁建铜冠实现净利润 19.3 亿元，米拉多铜矿项目公司净利润达到 37.9 亿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00943,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0093,fact_or_view_sentence,铜,cost,铜的成本，米拉多二期的成本可能是负数。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_004_@刘孟峦，@焦方冉3262625072808.pdf,d68baa06fb4289a04dc10c9ee41d66dcb149a1ad07a569fec30560181b7c29e2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00944,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,fact_or_view_sentence,铜,company,优于大市云南铜业（000878.SZ）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00945,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,fact_or_view_sentence,铜,supply|company,《云南铜业（000878.SZ）-铜冶炼盈利能力稳健，大股东优质资,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00946,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,fact_or_view_sentence,铜,supply|company,《云南铜业（000878.SZ）-矿铜产量平稳，冶炼业务短期承压》,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00947,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,fact_or_view_sentence,铜,supply|company,《云南铜业（000878.SZ）-矿铜产量平稳，冶炼业务盈利增长》,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00948,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,fact_or_view_sentence,铜,price|company,性净现金流减少，主要因为金银铜价格大幅上涨，叠加西南铜业搬迁投,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00949,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,indicator_sentence,铜,supply|company,生产方面，公司铜矿产量接近 7 万吨，主力矿山生产稳,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00950,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,indicator_sentence,铜,supply|company,铜冶炼方面，西南铜业满产后，公司 2025 年阴极铜产量 164 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00951,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,fact_or_view_sentence,铜,cost|company|project,开采，储量丰富，品位高于上市公司现有铜矿，成本低于上市公司现有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00952,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,fact_or_view_sentence,铜|银,price,虽然 2025 年下半年铜、金、银价格大,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00953,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,risk_sentence,铜,price|cost|risk,下滑，这与铜精矿加工费大幅下跌有关。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00954,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,risk_sentence,铜,price|cost|risk,风险提示：铜价下跌风险，铜精矿加工费下跌风险。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00955,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0094,indicator_sentence,铜,cost,我们假设 2026-2028 年铜现货含税价均为 95000 元/吨，铜精矿 TC 均为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_005_@刘孟峦，@焦方冉3723485060993.pdf,bc28c8a86cd086f6b5b5e0984dcbf6c17c27ac718aaab5c7b85e92f0cf63e643,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00956,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,fact_or_view_sentence,铜,company,优于大市江西铜业（600362.SH）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00957,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,fact_or_view_sentence,铜,price,铜价上涨提振业绩，国外资源布局迎来进展,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00958,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,fact_or_view_sentence,铜,supply|company,《江西铜业（600362.SH）-铜矿盈利攀升，冶炼业务短期承压》,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00959,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,fact_or_view_sentence,铜,company,《江西铜业（600362.SH）-国内铜矿盈利稳健，国外资源多点开,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00960,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,indicator_sentence,铜,price,经营性净现金流为-69 亿元，主要是铜价上涨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00961,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,fact_or_view_sentence,铜,price|cost|company,铜价上涨，副产品抵扣后铜矿成本骤降，铜矿是公司主要盈利来源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00962,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,indicator_sentence,铜,supply|company,内公司铜矿产量平稳，国内 5 座 100%权益矿山合计产量 19.68 万吨，与,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00963,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,fact_or_view_sentence,铜,supply|company,往年持平，同时公司也将参股第一量子的权益铜矿产量纳入统计，大概,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00964,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,fact_or_view_sentence,银,price|supply|company,另外去年下半年以来金、银价格大幅上涨，公司主力矿山德,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00965,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,indicator_sentence,铜|金|银,cost|company,兴铜矿每年副产 3.2 吨黄金、33 吨白银，大幅抵扣铜矿成本。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00966,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,fact_or_view_sentence,铜,supply|cost|company,我们测算公司 2025 年吨铜冶炼利润同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00967,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0095,indicator_sentence,铜,supply|cost,2026 年吨铜冶炼利润同比提升 900 元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_006_@刘孟峦，@焦方冉4133635054261.pdf,c33c4064e51e690a01136ece876006674e538af8d89cbd2e7e971cc32d5f382c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00968,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,fact_or_view_sentence,铝,company,优于大市明泰铝业（601677.SH）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00969,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,fact_or_view_sentence,铝,company,《明泰铝业（601677.SH）-克服市场不利因素，产销量稳步提升》,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00970,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,fact_or_view_sentence,铝,company,《明泰铝业（601677.SH）-铝价波动影响业绩，产销量创新高》,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00971,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,fact_or_view_sentence,铝,demand|company,《明泰铝业（601677.SH）-下游市场复苏，销量稳中有增》 —,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00972,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,fact_or_view_sentence,铝,price|cost,一季度归母净利润同比增长明显，主因国内外价差扩大，铝材出口利润增加，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00973,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,indicator_sentence,铝,company,2025 年公司铝板带箔销量 155 万吨，同比增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00974,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,indicator_sentence,铝,supply,解铝减产接近 300 万吨，占全球运行产能 4%，且这些产能都是过去一二十年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00975,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,indicator_sentence,铝,price,铝现货升水从 2 月底 170 美元/吨涨至当前 290 美元/吨，欧洲铝现货升水从,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00976,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,indicator_sentence,铝,price|supply,据 SMM 口径国内铝锭进口盈亏从 2 月底的-2200 元/吨跌至当前-5400 元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00977,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,indicator_sentence,铝,company,公司铝材出口占比在 20%-40%浮动，随着,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00978,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,risk_sentence,铝,risk,风险提示：铝价大幅波动风险，市场竞争加剧风险。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00979,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0096,fact_or_view_sentence,铝,supply|cost,近几年铝板带箔行业产能扩张较多，加工费,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_007_@刘孟峦，@焦方冉4936585076827.pdf,6940107d6ab5b843ff39c21ceee756dcb0e133b758844f1419f9cd6019244ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00980,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,fact_or_view_sentence,铝,company,优于大市天山铝业（002532.SZ）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00981,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,fact_or_view_sentence,铝,company,《天山铝业（002532.SZ）-补链降本，盈利能力稳健》 ——,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00982,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,fact_or_view_sentence,铝,supply|cost|company,《天山铝业（002532.SZ）-受益于全产业链优势，冶炼利润充分,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00983,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,fact_or_view_sentence,铝,company,《天山铝业（002532.SZ）-产业链一体化优势凸显，盈利能力稳,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00984,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,fact_or_view_sentence,铝,company,《天山铝业（002532.SZ）-产业链一体化优势凸显，进一步夯实,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00985,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,fact_or_view_sentence,铝,price|company,《天山铝业（002532.SZ）-全产业链布局，充分享受铝价上涨收,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00986,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,fact_or_view_sentence,铝,inventory|cost|company,2025 年受高价铝土矿库存影响，公司氧化铝成本抬升，随着高价铝土矿库存,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00987,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,fact_or_view_sentence,铝,cost|company,大部分已消化，公司氧化铝成本年内逐步下降。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00988,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,fact_or_view_sentence,铝,price,2026 年一季度铝均价 24000,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00989,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,indicator_sentence,铝,cost|company,元/吨，环比增加 2500 元/吨，叠加氧化铝成本下降，公司业绩大幅增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00990,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,indicator_sentence,铝,supply|company,主要产品产量：公司利于闲置指标，在新疆新建 24 万吨电解铝，已经实现,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00991,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0097,indicator_sentence,铝,supply|company|project,部分通电投产，达产后公司电解铝产量将达到 140 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_008_@刘孟峦，@焦方冉4997655054533.pdf,061e9b488330bc4c68bc00d62ad4e5e00e42480876bead1edb30bb46305d3ab8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00992,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,fact_or_view_sentence,铜,supply|company,《金田股份（601609.SH）-铜加工产品单位盈利企稳，产能出海,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00993,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,fact_or_view_sentence,铜|稀土,company,《金田股份（601609.SH）-铜加工与稀土永磁双轮驱动业绩增长，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00994,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,fact_or_view_sentence,铜,company,性损益主要来自金融资产公允价值变动损益，对公司这类铜加工企业而言，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00995,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,indicator_sentence,稀土,supply|company|project,公司拥有 5000 吨稀土永磁产能，包头基地一期 4000 吨项目,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00996,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,fact_or_view_sentence,稀土,supply|company|project,术工艺等优势，做好产能消化，项目达产后公司稀土永磁规模将步入国内一,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00997,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,fact_or_view_sentence,铜,supply|demand|company,优化产业布局，产能出海：为满足国外客户对公司铜管、电磁扁线产品需求，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00998,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,indicator_sentence,铜,company|project,报告期内，公司“泰国年产 8 万吨精密铜管生产项目”进展顺,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-00999,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,fact_or_view_sentence,铜,project,越南扁线项目、紫铜管件项目等已开始规划。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01000,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,risk_sentence,铜,risk,风险提示：铜价大幅波动风险，市场竞争加剧风险。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01001,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,fact_or_view_sentence,铜,price,参照年初以来主要有色金属价格走势，假设 2024-2026 年铜价均为 75000 元,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01002,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,fact_or_view_sentence,铜|稀土,demand|company,能源市场对铜材及稀土永磁材料的增量需求，维持“优于大市”评级。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01003,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0098,fact_or_view_sentence,铜,company,动损益，对公司这类铜加工企业而言，就是套期保值及外汇保值的损益，期货端,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_009_@刘孟峦，@焦方冉6141134528537.pdf,4f4872c213c520ee65d9448aea19abb27304bddd45f47ef2cdc0412f3c523cca,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01004,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,fact_or_view_sentence,铜|铝,company,n 国内老牌铜企，中铝集团旗下唯一铜上市平台。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01005,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,indicator_sentence,铜,supply|company|project,云南铜业前身是国家“一五计划”重点建设项目，主要业务是铜的采选冶，冶炼产能140万吨，在国内仅次于铜陵有色和江西铜,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01006,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,fact_or_view_sentence,铜|铝,company,公司是中国铝业集团有限公司铜产业板块核心企业之一，是铜产业板块唯一的上市平台公司。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01007,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,fact_or_view_sentence,铜,supply|company,n 公司矿山版块：普朗铜矿是主力矿山。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01008,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,indicator_sentence,铜,company|project,公司拥有铜资源储量470万吨，其中60%储量来自普朗铜矿，其余来自几座小型铜矿。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01009,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,fact_or_view_sentence,铜,supply|company,普朗铜矿是公司主力矿山，2018年2月投入生产，是,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01010,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,indicator_sentence,铜,supply,国内规模最大的地下有色矿山，采选规模1250万吨/年，年产铜稳定在3.5-4万吨；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01011,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,indicator_sentence,铜,cost,另有几座铜矿年产铜在0.3-1.9万吨不等，虽然规模不大，但都是露天开采，成本低，剩余可,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01012,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,indicator_sentence,铜|铝,company,2025年7月，公司公告以发行股份的方式购买云铜集团持有的凉山矿业40%股份，并向中铝集团、中国铜业发行股份募集配套资金。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01013,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,indicator_sentence,铜,supply|company|project,矿年产铜1.3万吨，红泥坡铜矿2027年投产后，凉山矿业矿山铜产量达到4万吨。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01014,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,indicator_sentence,铜,supply|company,资产注入完成后，上市公司将持有凉山矿业60%股权，公司并表矿山铜产量从6万吨增加到10万,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01015,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0099,indicator_sentence,铜|铝,supply|company|project,中铝集团在西藏的巨型斑岩铜矿金龙铜矿将在2025年内开工，2028年投产，一期投产20万吨。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_010_@刘孟峦，@焦方冉7120644879376.pdf,defe2d693669cdf87e856cf08f9fce893805e06afbfb12843f28230f069d9529,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01016,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,fact_or_view_sentence,铜,supply|company,《金田股份（601609.SH）-铜加工产品单位盈利企稳，产能出海,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01017,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,fact_or_view_sentence,铜,company,2024 年随着铜加工行业底部反弹，以及公司积极调,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01018,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,fact_or_view_sentence,铜,cost,整产品结构和客户结构，铜产品毛利润改善。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01019,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,fact_or_view_sentence,铜,cost,2024 年铜线排毛利润 551 元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01020,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,indicator_sentence,铜,cost,其他铜产品毛利润 2273 元/吨，同比增加 287 元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01021,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,fact_or_view_sentence,铜,cost|company,公司铜产品毛利润在 2022 年见底以来，已经连续两年反弹。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01022,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,risk_sentence,稀土,cost|risk|company,素影响，公司稀土永磁产品盈利下滑，2024 年稀土永磁产品单位毛利润 2.1,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01023,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,indicator_sentence,铜,cost|company,公司逐步压缩低毛利产品占比：2024 年公司铜产品销量 181.4 万吨，同比减,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01024,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,indicator_sentence,铜,cost,其中低毛利的铜线排销量减少 6 万吨，其他铜产品销量增加 2,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01025,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,indicator_sentence,稀土,company|project,稀土永磁业务方面，随着包头 4000 吨项目投产，2024 年公司稀土永,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01026,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,risk_sentence,铜,risk,风险提示：铜价大幅波动风险，市场竞争加剧风险。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01027,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0100,fact_or_view_sentence,铜,price,参照年初以来主要有色金属价格走势，假设 2025-2027 年铜价均为 75000 元,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_011_@刘孟峦，@焦方冉7690764689316.pdf,9c59e550ae882291e445ea52533c1bdcc01857e72d948510d1d3b92570a4dcf9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01028,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,fact_or_view_sentence,铝,company,优于大市中国铝业（601600.SH）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01029,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,indicator_sentence,铝,cost|company|project,25 年归母净利润同增 2%，拟收购巴西铝业 46%股份,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01030,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,fact_or_view_sentence,铝,cost|company,《中国铝业（601600.SH）-2025 年前三季度实现量价齐升，利润,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01031,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,indicator_sentence,铝,supply|company,《中国铝业（601600.SH）-上半年原铝产量同比提升 9%，加强资,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01032,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,indicator_sentence,铝,cost|company,《中国铝业（601600.SH）-2024 年归母净利润同增 85%，分红比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01033,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,risk_sentence,铝,cost|risk|company,《中国铝业（601600.SH）-成本增加导致 Q3 利润环比下滑，主,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01034,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,fact_or_view_sentence,铝,price|company,《中国铝业（601600.SH）-上半年受益商品价格提升，归母净利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01035,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,indicator_sentence,铝,supply|company,2025 年公司原铝产量同比提升 6.18%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01036,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,fact_or_view_sentence,铝,supply|company,2025 年全年，公司实现氧化铝总产量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01037,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,indicator_sentence,铝,supply,"2,186 万吨，其中冶金级氧化铝产量 1,735 万吨（+2.85%），精细氧化铝产",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01038,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,indicator_sentence,铝,supply,（含合金）产量 808 万吨（+6.18%），自产原铝外销量 807 万吨（+6.18%）；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01039,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0101,indicator_sentence,铝,cost|company,板块业绩方面，2025 年公司氧化铝板块实现税前利润 47.75 亿元（-59.14%），,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_012_@刘孟峦，@马可远4558765055340.pdf,8c29e923ae1e8d204020aa327db9074aca9764c46ca45e527e39cc31bdf3cc2d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01040,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,fact_or_view_sentence,铝,company,云铝股份（000807）2025 年报&2026 年一季报点评,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01041,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,fact_or_view_sentence,铝,company,❖ 铝商品量价提升，公司盈利能力显著改善。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01042,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,indicator_sentence,铝,price,铝平均价格同比+4%、-21%，其中四季度，国内电解铝平均价格同比+4.9%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01043,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,indicator_sentence,铝,company,环比+4.0%， 氧化铝平均同比-47%， 环比-10%， 公司全年铝商品销量 323.44 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01044,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,fact_or_view_sentence,铝,supply|company,❖ 公司电解铝权益产能增加，绿电优势逐步凸显。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01045,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,fact_or_view_sentence,铝,company|project,底， 公司收购控股子公司云铝涌鑫、 云铝润鑫和云铝泓鑫少数股东股权， 提升,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01046,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,indicator_sentence,铝,supply|company,公司电解铝权益产能 15 万吨以上。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01047,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,fact_or_view_sentence,铝,company,此外，公司参股投资中铝铝箔（云南）有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01048,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,fact_or_view_sentence,铝,company|project,限公司， 建设新能源高精板带箔项目， 延伸公司绿色铝产业链， 促进铝水就地,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01049,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,indicator_sentence,铝,supply|company,2026 年，公司计划氧化铝产量约 130 万吨，铝商品产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01050,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,fact_or_view_sentence,铝,price|company,❖ 2026 年 Q1，铝价上行和氧化铝价格下跌带动公司盈利弹性释放。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01051,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0102,indicator_sentence,铝,price|company,季度，国内铝价、氧化铝价格同比+18%、-29%，环比+12%，-5%，带动公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_013_@刘岗，李梦娇5811905081321.pdf,7952d803b2533e2ee8db4608d72e2a5eaec1f47d814ef51b40f0587d5ced6792,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01052,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,fact_or_view_sentence,铝,company,南山铝业（600219）2025 年报点评,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01053,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,fact_or_view_sentence,铝,supply|company,2025 年，公司电解铝产量 68.52,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01054,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,indicator_sentence,铝,price,东氧化铝平均价格同比+4%、-21%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01055,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,indicator_sentence,铝,price,其中四季度， 国内电解铝价格同比+4.9%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01056,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,indicator_sentence,铝,price,环比+4%，氧化铝价格同比-48.1%，环比-11.6%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01057,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,indicator_sentence,铝,company,2025 年高端产品的销量约占公司铝产品总销量的 16%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01058,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,indicator_sentence,铝,cost|company,高端产品毛利约占公司铝产品总毛利的 26%，同比提,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01059,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,fact_or_view_sentence,铝,company|project,目前，公司国内高端轻量化铝板带项目设备陆续投入使用。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01060,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,fact_or_view_sentence,铝,supply|project,氧化铝产能全面投产，海外“氧化铝-电解铝”一体化加速。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01061,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,indicator_sentence,铝,supply|company|project,司印尼宾坦岛 400 万吨氧化铝产能已全部投产，成为公司业绩增长的重要支,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01062,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,indicator_sentence,铝,company|project,公司通过全资子公司出资建设印尼宾坦工业园年产25 万吨电解铝、26 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01063,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0103,indicator_sentence,铝,company|project,吨炭素项目，同时子公司南山铝业国际于 2026 年启动年产 25 万吨电解铝项,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_014_@刘岗，李梦娇6570825049968.pdf,e0e0a0bb78dcd9a8bcf47f0157d86864ac4737f45ca9ff2369d4bb1a5025e38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01064,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,fact_or_view_sentence,铝,company,《常铝股份 (002160)：铝加工领军企,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01065,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,fact_or_view_sentence,铝,company,◼ 公司是铝加工行业领军企业， 重点布局工业热传递材料、 热传递设备及,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01066,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,fact_or_view_sentence,铝,company,目前公司铝加工业务布局完善， 实现由上游材料到中游深加工再至,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01067,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,fact_or_view_sentence,铝,demand,下游铝制终端部件产品开发与应用的纵向产业链一体化布局。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01068,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,fact_or_view_sentence,铝,company,◼ 公司新能源电池壳业务取得显著进展，有效平滑铝价波动。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01069,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,fact_or_view_sentence,铝,cost|company,1）公司在铝价波动较大的情况下，毛利率及净利润录得显著增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01070,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,fact_or_view_sentence,铝,demand,主营为电解铝下游加工行业， 由于产品存在生产周期， 故而原材料铝锭,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01071,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,indicator_sentence,铝,price,2024 年前三季度国内电解铝均价为 19674.68 元/吨，同比上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01072,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,indicator_sentence,铝,company,3.07%，公司通过加快资产周转速度，缩短铝加工板块营业周期的方式,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01073,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,fact_or_view_sentence,铝,cost|company,有效平滑了铝价波动，公司 24 年前三季度毛利率同比上升 1.24pct 至,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01074,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,fact_or_view_sentence,铝,company,公司下属全资子公司山东新合源近年来 从生产传统汽车用铝质高频焊,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01075,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0104,indicator_sentence,铝,demand|company|project,◼ 公司积极布局 3 万吨电池箔项目以及 10 万吨再生铝项目拓展上下游产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_015_@孟祥文，徐毅达4477924591567.pdf,3a067cce3a48a4c725b7308ea988b9ab6d9509b9fe0c3664cae7278a06533dc9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01076,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,fact_or_view_sentence,铜,cost|policy,受益美国“铜”区别关税影响 ，利润增长有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01077,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,indicator_sentence,铜,supply|policy,对进口的含 “铜”半产成品及铜含量高的衍生品加征 50%关税，包含铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01078,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,fact_or_view_sentence,铜,policy,上游原料铜矿石、铜精矿、阴极铜等不加关税，超出市场预期。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01079,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,indicator_sentence,铜,demand,场主要预期为铜产业链上下游均有加税，且幅度从 15-25%逐步上调至,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01080,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,indicator_sentence,铜,policy,50%，目前政策取消了上游加税，仅限制铜深加工部分，对产业链来讲，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01081,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,indicator_sentence,铜,cost,由于深加工行业成本预期下降 50%，充分利好在美国当地具有布局的铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01082,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,fact_or_view_sentence,铜,project,2019 年在美国休斯顿启动了全资铜加工工厂建设项目，整个项目占地,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01083,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,fact_or_view_sentence,铜,demand|company,1）2025 年美国铜管需求量持续增长，盈利有望修复：公司 2024 年美国,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01084,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,indicator_sentence,铜,company,致， 预计月销量不到1000 吨，2025 年 3-5 月， 公司铜管销量从1200 吨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01085,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,indicator_sentence,铜,supply|policy,成品增加 50%关税影响，以 10000 美元/吨铜价为例，与进口深加工产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01086,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0106,fact_or_view_sentence,铜,demand|company,下游制造业企业分享， 但是公司作为少有的美国本地铜加工企业， 必然,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_017_@孟祥文，米宇4408354806255.pdf,cfc87fcb0c5eb9d659d2245b249c3312983c170d0e5db7a0475507aebf7db147,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01087,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0107,fact_or_view_sentence,铜,company,《海亮股份(002203)：受益美国“铜”,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_018_@孟祥文，米宇4431844851356.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_018_@孟祥文，米宇4431844851356.pdf,63e4f251df987c7517d42696c7ee4abc307cc64d898ee618ccc8067ce3ba87ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01088,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0107,fact_or_view_sentence,铜,cost|company,毛利率角度，公司 2025H1 铜加工行业毛利率,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_018_@孟祥文，米宇4431844851356.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_018_@孟祥文，米宇4431844851356.pdf,63e4f251df987c7517d42696c7ee4abc307cc64d898ee618ccc8067ce3ba87ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01089,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0107,fact_or_view_sentence,铜,supply|policy,◼ 美国产能迅速扩张，业绩兑现在即：2025 年基于美国对铜产成品加关税,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_018_@孟祥文，米宇4431844851356.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_018_@孟祥文，米宇4431844851356.pdf,63e4f251df987c7517d42696c7ee4abc307cc64d898ee618ccc8067ce3ba87ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01090,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0107,indicator_sentence,铜,company,公司铜箔销量 2.44 万吨，yoy+72.33%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_018_@孟祥文，米宇4431844851356.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_018_@孟祥文，米宇4431844851356.pdf,63e4f251df987c7517d42696c7ee4abc307cc64d898ee618ccc8067ce3ba87ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01091,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0108,fact_or_view_sentence,铝,company,[Table_Title2] 天山铝业(002532),converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf,f4fc8d8837f74fcad4fb1f817b7516571a2cc6ad9afddda02df5ab33350da61c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01092,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0108,fact_or_view_sentence,铝,cost|company,一季度公司归母净利润实现翻倍增长，主要受益于国内铝价中枢上行，带动公司电解铝板块毛利空间打开。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf,f4fc8d8837f74fcad4fb1f817b7516571a2cc6ad9afddda02df5ab33350da61c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01093,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0108,indicator_sentence,铝,company,报告期内，公司研发费用同比增长 58.73%，随着销售费用增长 47.79%（主要系铝箔及高纯铝包装费、薪酬增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf,f4fc8d8837f74fcad4fb1f817b7516571a2cc6ad9afddda02df5ab33350da61c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01094,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0108,fact_or_view_sentence,铝,price|supply|company,近期电解铝价格上涨叠加中东地区电解铝供应确定性收紧，我们维持之前预测，我们预测公司 2026-2028 年营,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf,f4fc8d8837f74fcad4fb1f817b7516571a2cc6ad9afddda02df5ab33350da61c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01095,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0108,risk_sentence,铝,supply|risk,风险提示 ：高纯铝、铝箔供给超过预期；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_019_@晏溶，陈宇文6254835092487.pdf,f4fc8d8837f74fcad4fb1f817b7516571a2cc6ad9afddda02df5ab33350da61c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01096,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,fact_or_view_sentence,铝,cost,绿铝溢价与成本优化共振，盈利水平大幅提升,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01097,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,fact_or_view_sentence,铝,company,[Table_Title2] 云铝股份(000807),converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01098,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,fact_or_view_sentence,铝,company,2026 年 4 月 23 日，云铝股份发布 2026 年一季度报告。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01099,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,fact_or_view_sentence,铝,supply,受中东地区电解铝供应确定性收紧影响，全球原铝供需平衡表进一步收缩，支撑铝价处于高位运行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01100,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,indicator_sentence,铝,price,内铝价中枢整体上移，2026Q1 上期所铝均价 24268.79 元/吨，同比上涨 18.2%，环比上涨 12.0%，直接带动公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01101,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,fact_or_view_sentence,铝,company,公司 2025 年电解铝生产线已实现稳产满产，2026 年一季度延续了高位平稳的生产节,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01102,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,fact_or_view_sentence,铝,price|supply,奏，为捕捉铝价上涨红利提供了坚实的产量基础。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01103,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,indicator_sentence,铝,price|cost|company,一季度营业成本同比下降 13.61%，核心受益于上游氧化铝价格同比下跌，公司作为具备产业链协同优势的龙,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01104,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,fact_or_view_sentence,铝,policy|company,在“双碳”政策驱动下，公司依托云南丰富的水电资源打造的“绿色铝”品,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01105,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,indicator_sentence,铝,supply,涌鑫、云铝润鑫等少数股权，直接增加了 15 万吨以上的电解铝权益产能，并进一步提升了铝水就地转化率及合,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01106,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0109,fact_or_view_sentence,铝,price|supply|company,近期电解铝价格上涨叠加中东地区电解铝供应确定性收紧，我们上调电解铝价格预测，预计公司 2026-2028 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_020_@晏溶，陈宇文6313995076987.pdf,e18d3fe552171cfd68a7a86c9965f0b8edf164443aa2316d1708aa0fbe05a511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01107,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0110,fact_or_view_sentence,铜,company,《楚江新材（002171）公司动态研究：铜基材料产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_021_@李永磊，@董伯骏，王鹏9865904897480.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_021_@李永磊，@董伯骏，王鹏9865904897480.pdf,0da44a1c06e4336dc1553c75598d756c8c0611504eb3dc1f42b634eb795b9b0a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01108,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0110,fact_or_view_sentence,铜,company,公司铜导体材料产品可应用于数据通讯线、精密铜带产品可应用于,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_021_@李永磊，@董伯骏，王鹏9865904897480.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_021_@李永磊，@董伯骏，王鹏9865904897480.pdf,0da44a1c06e4336dc1553c75598d756c8c0611504eb3dc1f42b634eb795b9b0a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01109,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,fact_or_view_sentence,铜,company,云南铜业受益于凉山矿业并表、资源自给率提升、硫酸景气及铜价上行，盈利中枢,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01110,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,fact_or_view_sentence,铜,cost|company,格维持高位，以及铜价中枢上行背景下自产矿利润弹性释放，公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01111,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,indicator_sentence,铜,supply|cost,元，同比下降 31.63%，主要系铜冶炼加工费 TC/RC 持续处于历史,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01112,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,fact_or_view_sentence,铜,supply|cost|company,低位、冶炼环节利润空间受到挤压，同时公司自产铜精矿较少、自,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01113,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,indicator_sentence,铜,price,比增长 42.88%，主要受益于铜、副产品价格上涨及销售数量增加，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01114,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,indicator_sentence,铜,company,有其 60%股权，凉山矿业旗下拥有红泥坡铜矿、拉拉铜矿、海林铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01115,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,indicator_sentence,铜,supply|company,按2024 年产量数据测算， 交易后公司铜自给率由4.54%,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01116,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,fact_or_view_sentence,铜,supply,铜的中长期逻辑顺畅，矿山价值与冶炼龙头优势均有望持续强化。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01117,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,fact_or_view_sentence,铜,supply|project,从矿山端看，我们认为全球铜行业仍面临新建项目投放慢、资本开,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01118,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,fact_or_view_sentence,铜,project,新能源汽车、 风光储建设以及AI 数据中心扩张， 正在持续抬升铜的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01119,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,fact_or_view_sentence,铜,supply,益于铜价中枢上移，也能通过矿山 -冶炼-加工协同获取更稳健的盈,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01120,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0111,indicator_sentence,铜,company,2026-2028 年公司阴极铜销量分别为 192.78/192.78/192.78 万吨，对应单吨,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_022_@李鹏飞，@刘小华6569885086009.pdf,f86b7669d6b23e040511c8fd71e5312d25050cb8673d72eb2dd7486c003b1ba9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01121,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,fact_or_view_sentence,铜,price,铜陵有色受益于米拉多与新探矿权资源增厚及硫酸价格上涨， 产业链协同优势凸显，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01122,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,fact_or_view_sentence,铜,supply|company,公司正逐步走向 “资源增厚+冶炼协同” 的成长路径， 在铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01123,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,indicator_sentence,铜,project,断储量 32.88 万吨、铜平均品位 1.06%，并伴生金 （金金属 储量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01124,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,fact_or_view_sentence,铜,cost,在当前铜精矿现货加工费仍承压的背景下，副产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01125,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,fact_or_view_sentence,铜,supply,铜的 中长期逻辑顺畅，矿山价值与冶炼龙头优势均有望持续强化。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01126,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,fact_or_view_sentence,铜,supply|project,从矿山端看，我们认为全球铜行业仍面临新建项目投放慢、资本开,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01127,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,fact_or_view_sentence,铜,project,新能源汽车、 风光储建设以及AI 数据中心扩张， 正在持续抬升铜的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01128,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,fact_or_view_sentence,铜,supply,益于铜价中枢上移，也能通过矿山-冶炼-加工协同获取更稳健的盈,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01129,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,fact_or_view_sentence,铜,company,3）整体盈利：铜主业稳健增长叠加硫酸高景气，公司盈利中枢有望持续上,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01130,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0112,fact_or_view_sentence,铜,company,铜价中枢抬升与副产品盈利改善共振下， 公司整体业绩弹性有望逐步释放。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_023_@李鹏飞，@刘小华6603355050158.pdf,92e97071b1c081996f05145ab82a72a6f3b0c4b06432e24c8aa87883cf0e0c5d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01131,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,company,我们认为全球电解铝供需缺口放大有望维持铝价偏强运行 ，公司聚焦于“电解铝+铝,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01132,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,company,2026 年 4 月 24 日，云铝股份发布 2026 年一季度报告。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01133,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,cost,“铝价上行+成本下行”共振，吨铝利润走高。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01134,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,indicator_sentence,铝,price,"营收增长，26Q1 SMM A00 铝平均价为 24,028.57 元， 同比+17.54%。",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01135,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,price|cost,成本层面，主要受益于氧化铝价格下降带来营业成本下降， 26Q1,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01136,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,indicator_sentence,铝,price,SMM 氧化铝均价为 2665.18 元，同比-30.72%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01137,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,inventory|supply,铝产能已接近天花板，且去库拐点将至；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01138,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,price|inventory,海外电解铝呈现刚性缺口，在刚性缺口驱动下，LME 库存持续去库，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01139,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,supply,量，叠加海外供给短缺带动中国铝产品出口激增。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01140,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,company,公司有望充分 受益于铝价中枢上行，业绩迎来快速增长。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01141,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,company,根据公司所属行业特征及业务布局， 我们选取中国铝业、天山铝业、 南山铝,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01142,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0113,fact_or_view_sentence,铝,company,业、 中国宏桥这四家主营业务模块与云铝股份相近的企业作为可比公司， 采,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_024_@李鹏飞，梁琳6955505108181.pdf,4d4e4c36bb7ea9246a6f392a8790308a3c10ce78d8f5db1fa07f5170d68ccedb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01143,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,fact_or_view_sentence,铝,company,我们认为全球电解铝供需缺口放大有望维持铝价偏强运行，公司将依托一体化低成,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01144,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,indicator_sentence,铝,price,入 84.44 亿元， 同比+6.55%，主要受益于电解铝价格上涨，同期 SMM,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01145,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,indicator_sentence,铝,price,A00 铝均价 24028.57 元/吨， 同比+17.54%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01146,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,indicator_sentence,铝,price,亿元，同比-14.02%，主因为氧化铝价格下跌，同期 SMM 氧化铝均,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01147,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,indicator_sentence,铝,supply,同时 20 万吨电解铝产能计划于 26 年上半年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01148,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,fact_or_view_sentence,铝,supply,河子铝箔坯料基地与江阴电池铝箔基地产能爬坡顺利，深加工产品,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01149,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,fact_or_view_sentence,铝,company,看，全球电解铝供需缺口扩大叠加出口红利，公司业绩有望保持稳,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01150,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,fact_or_view_sentence,铝,company,公司有望充分受益于铝价中枢上行，业绩迎来快速增长。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01151,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,fact_or_view_sentence,铝,company,根据公司所属行业特征及业务布局， 我们选取中国铝业、 云铝股份、 神火股,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01152,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,fact_or_view_sentence,铝,company,份这三家主营业务模块与天山铝业相近的企业作为可比公司， 采用PE 估值,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01153,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,fact_or_view_sentence,铝,company,601600.SH 中国铝业 1847 0.74 1.30 1.47 10.17 8.6 7.6,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01154,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0114,fact_or_view_sentence,铝,company,000807.SZ 云铝股份 1067 1.75 3.70 4.05 18.81 8.3 7.6,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_025_@李鹏飞，梁琳6976165108874.pdf,346820361848a2bfaabbb948488fafd09a299c8b8a799b7c20f074abb653f223,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01155,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,company,神火股份：煤铝协同布局，盈利韧性凸显,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01156,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,company,我们认为在铝价中枢上行背景下，公司将凭借电解铝和 煤炭业务双轮驱动盈利弹性,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01157,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,company,公司有望充分受益于铝价中枢上行、煤价止,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01158,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,price|company,电解铝业务：铝价上涨助力电解铝业务高增，双基地协同优化能源,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01159,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,company,公司 25 年电解铝业务稳中有进， 实现产销平衡。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01160,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,cost,的 持 续 上 升 ， 电 解 铝 业 务 营 收/ 毛利 289.79/87.11 亿 元 ， 同 比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01161,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,supply,铝箔业务： 营收稳步增长， 高端产能确立细分龙头地位。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01162,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,indicator_sentence,铝,supply,铝箔年产能/生产/销售 14.0/10.8/10.7 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01163,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,company,公司铝箔产品主攻高品质路线， 目前4.5 微米高,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01164,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,indicator_sentence,铝,company,我们预计2026-2028 年公司煤炭、 电解铝产品销量分别为695/710/720 万吨、,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01165,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,price|company,考虑下，我们预计 2026-2028 年公司煤炭、电解铝产品销售价格将分别为,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01166,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0115,fact_or_view_sentence,铝,price|company,公司有望充分受益于铝价中枢上行、 煤价止跌回稳， 释放业绩弹性。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_026_@李鹏飞，梁琳7936415061058.pdf,b49f1541de50c0c306b05997e3de11ce216772cc540db473ab1a7e3271346a47,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01167,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,company,明泰铝业：铝加工龙头，高端化转型加速,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01168,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,cost|company,公司依托再生铝保级应用全产业链闭环构筑低成本护城河，高端化转型驱动盈利持,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01169,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,company,公司是国内铝加工龙头，业绩有望随着高端,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01170,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,indicator_sentence,铝,supply,产能 160 余万吨，产量占中国铝板带箔产量的 10%，规模处于行业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01171,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,indicator_sentence,铝,company,我们预计 2026-2028 年公司铝板带和铝箔产品销量分别为 148/155/158 万吨、,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01172,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,price,我们预计未来三年随着电解铝价中枢抬升，铝加工产品价格,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01173,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,price|company,稳中有升， 综合考虑下， 我们预计2026-2028 年公司铝板带和铝箔销售价格,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01174,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,company,公司是国内铝加工龙头， 业绩有望随着高端化转型逐步释放。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01175,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,company,根据公司所属行业特征及业务布局， 我们选取华峰铝业、 中孚实业、 南山铝,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01176,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,company,业这三家主营业务模块与明泰铝业相近的企业作为可比公司， 采用PE 估值,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01177,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,company,601702.SH 华峰铝业 196 1.20 1.54 1.85 17.0 12.2 10.2,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01178,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0116,fact_or_view_sentence,铝,company,600219.SH 南山铝业 673 0.41 0.49 0.59 13.1 11.0 9.2,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_027_@李鹏飞，梁琳8011555087924.pdf,bfbb6e49bce70bfbb5d799edf9837a4d094547c88c280bbf63f7d0edf8c82a00,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01179,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0117,fact_or_view_sentence,铜,supply|project,机遇：1）铜基材料：前期若干高端产能项目计划于年内建成投产，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_028_@杨晨，@任旭欢6431144897011.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_028_@杨晨，@任旭欢6431144897011.pdf,dcec97047f9aa5c50de3b2591c81fa7623e907f5503dd301d8259a750e2afd70,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01180,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0117,fact_or_view_sentence,铜,demand,机器人电子信号用超细规格高性能铜导体日益增长的需求。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_028_@杨晨，@任旭欢6431144897011.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_028_@杨晨，@任旭欢6431144897011.pdf,dcec97047f9aa5c50de3b2591c81fa7623e907f5503dd301d8259a750e2afd70,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01181,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0117,fact_or_view_sentence,铜,company,公司正在从铜基龙头蜕变成为平台型新材料龙头，持续拥抱新质,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_028_@杨晨，@任旭欢6431144897011.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_028_@杨晨，@任旭欢6431144897011.pdf,dcec97047f9aa5c50de3b2591c81fa7623e907f5503dd301d8259a750e2afd70,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01182,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0118,fact_or_view_sentence,铝,company,——明泰铝业（601677.SH）动态跟踪报告,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf,2406f0ce0fddd8cb2e5c6b8a0c6ab40af243754cc74da31e99efdb4354a406f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01183,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0118,indicator_sentence,铝,supply|project,晟新材、义瑞新材等高端铝基新材料项目产能逐步释放，新增高端产能 10 万吨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf,2406f0ce0fddd8cb2e5c6b8a0c6ab40af243754cc74da31e99efdb4354a406f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01184,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0118,fact_or_view_sentence,铝,cost,2025 年单吨铝产品扣非归母净利润升,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf,2406f0ce0fddd8cb2e5c6b8a0c6ab40af243754cc74da31e99efdb4354a406f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01185,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0118,fact_or_view_sentence,铝,cost|company,再生铝业务有效降低产品成本和巩固碳排放优势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf,2406f0ce0fddd8cb2e5c6b8a0c6ab40af243754cc74da31e99efdb4354a406f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01186,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0118,fact_or_view_sentence,铝,cost|company,图 1：2026Q1 单季度扣非归母净利润创新高 图 2：2025 年公司铝板带箔销量创新高,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_029_@王招华，@方驭涛4204915091458.pdf,2406f0ce0fddd8cb2e5c6b8a0c6ab40af243754cc74da31e99efdb4354a406f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01187,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0119,fact_or_view_sentence,铜,company,铜基材料收入稳健增长， 子公司天鸟高新积极扩产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf,cfedabe99e999fe2ba5e86068e1f4699c2dd637102ae6a010013baf1986a0441,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01188,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0119,indicator_sentence,铜,company,2025 年上半年，公司铜基材料实现收入 278.78 亿元，同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf,cfedabe99e999fe2ba5e86068e1f4699c2dd637102ae6a010013baf1986a0441,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01189,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0119,fact_or_view_sentence,铜,company,2025 年上半年， 公司铜板带产品,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf,cfedabe99e999fe2ba5e86068e1f4699c2dd637102ae6a010013baf1986a0441,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01190,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0119,indicator_sentence,铜,company,2025 年上半年， 公司铜基材料实现收入278.78 亿元， 同比增长17.11%，毛 利 率,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf,cfedabe99e999fe2ba5e86068e1f4699c2dd637102ae6a010013baf1986a0441,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01191,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0119,fact_or_view_sentence,铜,company,2025 年上半年， 公司铜板带产品销量17.99,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_030_@石康，@李博彦，周登科5286184869791.pdf,cfedabe99e999fe2ba5e86068e1f4699c2dd637102ae6a010013baf1986a0441,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01192,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,fact_or_view_sentence,铜,company,云南铜业（000878.SZ）公司动态报告,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01193,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,fact_or_view_sentence,铜|铝,company,公司是中铝集团、 中国铜业唯一铜产业上市,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01194,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,fact_or_view_sentence,铜|金,supply,平台，主要业务涵盖了铜的勘探、 采选、 冶炼， 贵金属和稀散金属的提取与加工，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01195,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,indicator_sentence,铜,supply|company,产量方面，2024 年，公司生产铜精矿含铜 5.48 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01196,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,indicator_sentence,铜|金,company,生产阴极铜 120.6 万吨，同比减少 12.6 %，生产黄金 12.71,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01197,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,indicator_sentence,铜,company|project,普朗铜矿保有铜金属资源量 278.22 万吨，占公司总的铜资源量比例为 77%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01198,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,indicator_sentence,铜,supply|company,2024 年普朗铜矿铜产量为 3.06 万吨，占公司产量的 56%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01199,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,risk_sentence,铜,supply|cost|risk|company,➢ 西南铜业完成搬迁， 冶炼端受加工费下滑影响业绩。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01200,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,fact_or_view_sentence,铜,supply|company,北方三大冶炼基地，即西南铜业、东南铜业、赤峰云铜三大冶炼厂，截至 2024,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01201,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,fact_or_view_sentence,铜,supply|company,满产状态，西南铜业 2024 完成产能搬迁，2025 年上半年公司阴极铜产量按合,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01202,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,indicator_sentence,铜,cost|company,2025 上半年赤峰云铜、东南铜业净利润分别为 2.45 亿元和 1.66 亿元，同比分,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01203,ANA-YS-INDUSTRY-001,BATCH-003,SB004,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0120,risk_sentence,铜,cost|risk,别变化-45.1%和-52.4%，主要是受到铜精矿加工费大幅下滑的影响。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_031_@邱祖学，袁浩9254744880687.pdf,aa2af42ef0558abea1edb3656b4341b4c8f09530b793c8cd32fe20110b8bd424,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01204,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,project,质资产收购，逐步拓展至碳纤维复材、热工装备及铜基高端导体等多个领域。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01205,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,risk_sentence,铜,cost|risk|company,铜价波动及投资收益项扰动影响，公司利润存在一定波动。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01206,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,demand,通讯、轨道交通等众多领域，下游应用广泛，当前高端铜基产品国产替代空间仍然较大。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01207,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,demand|company,公司产品多样，包括精密铜带、高端铜导体以及铜合金线材等多个品类，下游客户群体广,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01208,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,company,泛，伴随未来高速传输场景下铜导体用量提升，公司铜基材料业务有望进一步拓宽现有成,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01209,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,company,1）铜基材料：公司的铜基材料未来高端制造领域应用比例有望逐步提升，包括新,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01210,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,company,因此预计 2025E-2027E 年公司铜基材,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01211,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,indicator_sentence,铜,cost,利能力，预计 2025E-2027E 年铜基材料业务的毛利率分别为 2.6%、2.8%、2.9%。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01212,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,company,市场对于公司的认知多为传统铜基材料加工企业， 低估了公司的成长弹性， 导致整,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01213,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,cost,近年来特种业务毛利占比持续增加， 且铜加工业务持续拓展高端领,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01214,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,demand,4.1 铜基材料市场规模稳增，下游应用广泛 ......................................... 30,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01215,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0121,fact_or_view_sentence,铜,supply,图 32：我国铜加工材产量保持稳定上升，市场基础良好..................................... 30,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_032_@韩强，@武雨桐，@穆少阳20704514889995.pdf,9458185ceba2448f8f2b2ff6a22cc851f3a0f02cafc27eee72c48f653efd2df8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01216,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,fact_or_view_sentence,铝,price,电解铝价格上涨+氧化铝价格下跌，业绩显著超预期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01217,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,fact_or_view_sentence,铝,company,神火股份： 电解铝业务表现亮眼， 煤炭资产减,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01218,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,fact_or_view_sentence,铝,company,期待旺季煤铝双飞—神火股份（000933.SZ）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01219,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,fact_or_view_sentence,铝,price|company,电解铝价格上涨+氧化铝价格下跌， 公司电解铝板块业绩显著超出市场预期。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01220,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,fact_or_view_sentence,铝,price|company,根据公司 2026 年一季报内容，受到电解铝产品售价同比上涨、主要原材料,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01221,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,fact_or_view_sentence,铝,price|company,氧化铝价格同比下降等因素影响，公司电解铝板块盈利能力大幅增强。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01222,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,indicator_sentence,铝,price|company,139.31%，主要是因为公司电解铝产品售价同比上涨，销售收到的现金同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01223,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,fact_or_view_sentence,铝,company,根据公司 2025 年年报内容，2025 年公司电解铝业务板块量价齐升， 实现利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01224,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,fact_or_view_sentence,铝,supply,是积极寻找优质煤炭资源与电解铝产能指标，推动产业结构优化升级；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01225,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,fact_or_view_sentence,铝,company,盈利预测：考虑到电解铝业务表现亮眼，我们微调 2026-2028 公司 EPS 分,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01226,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0122,risk_sentence,铝,supply|demand|risk,风险提示：煤、铝的需求不达预期、供给端扰动；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_033_刘博，滕朱军，李柔璇3175995067700.pdf,6183ccf5495249977ec35a4ef562902c915ded7ef46311d20fe45a6e5f0e8922,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01227,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,price,氧化铝价格低迷拖累业绩表现，Q1 末价格有所回升,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01228,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,company,南山铝业（600219.SH）2026 年一季报点评,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01229,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,indicator_sentence,铝,company,南山铝业： 业绩符合预期+现金分红超 105%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01230,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,company,南山铝业：Q3 单季度业绩平稳、环比提升，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01231,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,price|company,南山铝业： 国内外氧化铝价格回落， 业绩表现,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01232,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,price|company,氧化铝价格低迷拖累公司业绩表现，2026 年 3 月份开始价格有所回升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01233,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,risk_sentence,铝,price|risk,36.18%，业绩下滑的主要原因是 氧化铝粉价格持续低位运行，海外氧化铝,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01234,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,price|supply,1）国内氧化铝：2026 年以来国内氧化铝新增产能持续释放， 价格低位运行；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01235,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,price,响，国内氧化铝价格呈现温和反弹态势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01236,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,price,2026Q1 国内氧化铝均价为 2599,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01237,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,supply|cost,2）海外氧化铝：2026 年 1 月初，受全球供应过剩、铝土矿成本下移、季节,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01238,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0123,fact_or_view_sentence,铝,price|demand,性需求平淡等因素影响，海外氧化铝市场价格震荡走弱；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_034_刘博，滕朱军，李柔璇3253135087606.pdf,3e783dc98a6451ed0eb5d7889a08ff8bcb6c2d5cd2eefdc7c500ae1ba1fb1ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01239,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,supply,老牌铜企焕新春：资源自给率跃升+冶炼深加工双引擎,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01240,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,company,【报告亮点】市场认为公司是强β型标的，业绩和股价是完全跟随着铜价变,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01241,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,company|project,着米拉多二期投产达产，公司铜资源自给率将有望进一步提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01242,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,company,托铜冠铜箔、铜冠电工、金威铜业和铜冠黄铜、金新铜业五大铜加工基地，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01243,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,company,公司铜材深加工已形成棒、线、缆、板、箔等铜材配套加工能力。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01244,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,company|project,公司自产铜矿含铜量有所增加，主要系境外厄米拉多铜矿项目自产铜矿增加,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01245,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,company,2024 年公司生产自产铜精矿含铜 15.52 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01246,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,indicator_sentence,铜,supply,吨，阴极铜产量 176.80 万吨，自给率为 8.8%，较 2022 年明显提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01247,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,company|project,未来，随着米拉多二期投产达产，我们预期公司铜资源自给率将有望进一步,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01248,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,company,工、金威铜业和铜冠黄铜、金新铜业五大铜加工基地，公司铜材深加工瞄准,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01249,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,fact_or_view_sentence,铜,supply|company,子铜箔产品的领军企业，截至 2024 年底，公司拥有电子铜箔产品总产能为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01250,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0124,indicator_sentence,铜|锂,supply,8 万吨/年， 其中，PCB 铜箔产能 3.5 万吨/年， 锂电池铜箔产能4.5 万吨/年。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_035_刘博，滕朱军，李柔璇8474644877335.pdf,d547c17a7b8635b687391ce5ddc566e7ddcaec3379fdef23756461ce9d423d74,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01251,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,supply,⚫ 铜陵有色：覆盖全产业链的铜冶炼龙头企业。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01252,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,cost|company,公司铜产品营收和毛利贡献较大，但 2024 年以来由于铜矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01253,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,supply|cost|company,供给趋紧导致铜冶炼费下行，公司铜产品毛利率小幅下降。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01254,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,supply|cost,大的铜冶炼产能是否会受到铜冶炼费持续下行的影响而对利润空间造成挤压。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01255,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,supply|cost,⚫ 铜产品板块：铜价上行确定性增强，冶炼费亦存边际利好预期，利润弹性有望受益,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01256,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,supply,行业层面：边际角度来看，26-27 年电解铜产量增速或低于铜矿供给增速，铜冶炼,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01257,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,demand|project,新能源、AI 数据中心建设等新兴领域需求有望推动铜需求量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01258,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,risk_sentence,铜,supply|demand|risk,上行，但由于持续矿端扰动、中游冶炼产能扩张增速放缓，全球铜供给-需求过剩幅,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01259,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,company,公司层面：资源端：米拉多铜矿二期扩产有望提升公司铜精矿自给率，同时降低铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01260,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,supply|project,冶炼端：绿色智能铜基新材料产业园一体化项目竣工投产或将扩张公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01261,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,supply|company,司冶炼产能，在行业铜冶炼费有望改善、铜价中期上行的预期下，公司资源自给率,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01262,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0125,fact_or_view_sentence,铜,company,市场，子公司铜冠铜箔已于 2022 年分拆上市，在 AI、电子通信行业快速发展背景,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_036_刘洋11390704932070.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_036_刘洋11390704932070.pdf,aab71d3241570cddcaea652e879ed7b1d811e53ea95cc18e71cc48ac9b81fc6a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01263,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0126,fact_or_view_sentence,铝,inventory|demand, 社会库存开始回落，铝价下游接受度逐步提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf,a065e82e72d2c9f68a4902dca7c106671e57085739900df5f55575aaf0088a9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01264,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0126,fact_or_view_sentence,铝,inventory,游对高价铝有所抵触，产业链提货偏谨慎，国内电解铝库存逐步累积至 4 月的 149 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf,a065e82e72d2c9f68a4902dca7c106671e57085739900df5f55575aaf0088a9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01265,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0126,indicator_sentence,铝,inventory|demand,但 4 月以来铝出口需求持续增长，社会库存逐步回落至 5 月 21 日的 140.8 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf,a065e82e72d2c9f68a4902dca7c106671e57085739900df5f55575aaf0088a9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01266,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0126,fact_or_view_sentence,铝,price, 沪伦价差创新低，绿色铝企业或充分受益出口。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf,a065e82e72d2c9f68a4902dca7c106671e57085739900df5f55575aaf0088a9a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01267,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0126,fact_or_view_sentence,铝,price|cost,能受损，伴随能源价格上行使得海外电解铝生产成本抬升，我们跟踪的沪铝与伦铝价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf,a065e82e72d2c9f68a4902dca7c106671e57085739900df5f55575aaf0088a9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01268,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0126,fact_or_view_sentence,铝,price,内外盘价差创新低，电解铝及铝加工企业出口或持续受益出,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf,a065e82e72d2c9f68a4902dca7c106671e57085739900df5f55575aaf0088a9a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01269,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0126,fact_or_view_sentence,铝,company,公司是领先的绿色铝生产加工企业，产品碳足迹水平保持行业领先，全产业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf,a065e82e72d2c9f68a4902dca7c106671e57085739900df5f55575aaf0088a9a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01270,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0126,fact_or_view_sentence,铝,demand,链通过 ASI 标准双认证，有望深度受益本轮铝材出口需求增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_037_刘洋，陈琪玮2469285116536.pdf,a065e82e72d2c9f68a4902dca7c106671e57085739900df5f55575aaf0088a9a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01271,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,铜,company|project, 并购投资项目持续落地，铜业龙头再起航,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01272,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,铜,supply|company,江西铜业是国内领先的铜冶炼生产商， 在铜以及相关有色金属领域建立了集勘,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01273,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,铜,supply,领先的铜冶炼产能和 5 座在产铜矿山， 整体生产稳健。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01274,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,铜,company|project,布局，合作资源项目（艾娜克铜矿、北秘鲁矿业）有望迎来开花结果。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01275,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,铜,supply, 产业链一体化协同高效，铜冶炼龙头地位稳固,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01276,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,铜,company,公司于 1979 年成立于江西南昌，围绕江西地区丰富的铜矿资源，打造了从上游,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01277,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,indicator_sentence,铜|金,supply|company,时持有恒邦冶炼 44.48%股权，合计拥有阴极铜/黄金/硫酸冶炼产能 213 万吨/125,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01278,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,铜,company,（3） 加工端： 公司旗下拥有十家现代化铜材加工厂， 合计铜加工产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01279,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,indicator_sentence,铜,supply,第一量子年铜金属产量最高超过 70 万吨， 并持有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01280,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,铜,company,时公司积极与五矿集团等国内矿业公司展开合作， 已参股艾娜克铜矿、 北秘鲁铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01281,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,金,company|project,业等 优质项目，此外公司 全资 要约收购的索尔黄金 持 有 世 界 级 绿 地 项 目,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01282,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0127,fact_or_view_sentence,铜|金,supply|company|project,Cascabel，后续投产后将大幅提升公司自产铜、黄金产量。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_038_孙二春19723355000139.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_038_孙二春19723355000139.pdf,34e8027d1aafdb0ee7f6ab1c28e0916bd0d5df7b1bf0b1b4905713fb840624e2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01283,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,indicator_sentence,铝,supply,焦作万方扎根焦作， 拥有42 万吨合规电解铝产能指标， 其中35 万吨产能在焦作,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01284,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,indicator_sentence,铝,company,铝业 99.4375%股权，交易对价为 319.49 亿元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01285,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,indicator_sentence,铝,supply,氧化铝权益产能 1028 万吨，电解铝权益产能约 102 万吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01286,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,fact_or_view_sentence,铝,company,不考虑开曼铝业的注入， 我们预计公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01287,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,fact_or_view_sentence,铝,price, 煤电铝一体化布局，充分受益动力煤、氧化铝价格下跌,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01288,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,indicator_sentence,铝,supply|company,公司一体化布局煤电铝产业链，拥有电解铝产能合计 42 万吨、铝加工产能合计,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01289,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,fact_or_view_sentence,铝,price|company,但公司未布局氧化铝业务，步入 2025 年，伴随氧化铝行业走向过剩，价格出现,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01290,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,fact_or_view_sentence,铝,price|cost|company,大幅下跌， 叠加动力煤价格走弱， 公司成本端下行， 我们测算氧化铝价格每下跌,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01291,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,fact_or_view_sentence,铝,company, 锦江集团入主，重组落地后将实现铝产业链一体化布局,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01292,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,indicator_sentence,铝,company,峡铝业 99.4375%股权，交易对价为 319.49 亿元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01293,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,indicator_sentence,铝,supply,氧化铝权益产能 1028 万吨，电解铝权益产能约 102 万吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01294,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0128,risk_sentence,铝,price|risk, 风险提示：煤炭价格大幅波动、 铝价大幅波动、 氧化铝价格大幅上涨、 重组进,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_039_孙二春，温佳贝15115494876729.pdf,9f81642b50a951c4faef38d6314b5b3b09fc60ba6acfc8d74a28a2ecda44225d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01295,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0129,fact_or_view_sentence,铜,supply, 全 球 铜 加工 行 业 龙 头 ， 202 5 年 铜 材 产量 全 球 第 一,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf,af4ebd314b85093858e41b3dcf29f0169dab51dad493b3a3ead864d5ab0211ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01296,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0129,indicator_sentence,铜,company,域 1.4 1 万吨 ，同比 增速 55 % ，驱动 公司 铜基 材料 向高 附加 值转 型升,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf,af4ebd314b85093858e41b3dcf29f0169dab51dad493b3a3ead864d5ab0211ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01297,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0129,indicator_sentence,铜,company,目前 ，公司 芯片 半导 体领 域铜 排产 能 3.5 万吨 ，机架 母线 领域 铜排 产,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf,af4ebd314b85093858e41b3dcf29f0169dab51dad493b3a3ead864d5ab0211ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01298,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0129,indicator_sentence,稀土,company,20 25 年， 公司 稀土 磁性 材料 实现 主营 业务 收入 17 .1 8 亿元 ，,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf,af4ebd314b85093858e41b3dcf29f0169dab51dad493b3a3ead864d5ab0211ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01299,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0129,indicator_sentence,稀土,cost|company,稀土 磁性 材料 毛利 率 12 .6 1% ，同比 提升 4.2 5 个,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf,af4ebd314b85093858e41b3dcf29f0169dab51dad493b3a3ead864d5ab0211ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01300,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0129,fact_or_view_sentence,铜,company,20 25 年，公司 应用 于新 能源 汽车 、光伏 、风电 等领 域的 铜产 品销 量,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf,af4ebd314b85093858e41b3dcf29f0169dab51dad493b3a3ead864d5ab0211ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01301,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0129,fact_or_view_sentence,铜,company,公司 电磁 线、高精 密铜 带、铜排 、,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_040_张建民，徐菲10737255107627.pdf,af4ebd314b85093858e41b3dcf29f0169dab51dad493b3a3ead864d5ab0211ec,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01302,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,fact_or_view_sentence,铝,company,公司成立于 1998 年，经多年发展，公司逐渐形成煤电铝一体化业务模式，铝,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01303,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,fact_or_view_sentence,铝,price,受益于电解铝价格提升和氧化铝价格回落，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01304,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,fact_or_view_sentence,铝,price, 行业：铝价有望维持强势，煤炭价格或弱稳运行,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01305,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,risk_sentence,铝,supply|policy|risk,铝：中东电解铝供给扰动持续，国内供给受政策限制难有增量，叠加光伏、新,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01306,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,fact_or_view_sentence,铝,demand,能源汽车等产业的迅速发展带动铝下游需求，多因素推动下预计铝价将维持,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01307,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,indicator_sentence,铝,supply|company,1、公司电解铝产能共有约 170 万吨/年，分布在新疆和云南。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01308,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,fact_or_view_sentence,铝,project,铝项目位于全国最大的整装煤田-准东煤田腹地，享受能源优势带来的发电成,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01309,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,fact_or_view_sentence,铝,company|project,公司云南神火电解铝项目受益于水电带来的高绿电比例，具有明显,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01310,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,fact_or_view_sentence,铝,supply|company,2、公司是国内电池铝箔和包装铝箔的头部供应商，2025 年电,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01311,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,fact_or_view_sentence,铝,supply,池铝箔产量位于全国前列，积累了大量国内外一流的客户。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01312,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,risk_sentence,铝,supply|risk,2. 铝：海外供应扰动下，铝价有望维持强势 ................................................................................................... 7,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01313,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0130,fact_or_view_sentence,铝,supply,5.2 电池/包装铝箔头部供应商，产品面向高端市场 ................................................................................ 21,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_041_张珂14242075113187.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_041_张珂14242075113187.pdf,3e799b0cb4098b8c226a888fe002d4bffe0faadc397a2474c54604976aa6bc3b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01314,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,cost|company|project,原铝业务毛利率改善，拟收购巴西铝业股权,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01315,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,company,——中国铝业(601600)2025年年报点评,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01316,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,company,——中国铝业（ 601600）2025,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01317,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,supply|cost|company, 主要产品产量提升，原铝业务毛利率改善,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01318,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,supply|company,2025 年公司氧化铝和原铝产量均提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01319,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,supply|company,"产量：公司冶金级氧化铝产量 1,735",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01320,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,indicator_sentence,铝,supply,精细氧化铝产量 451万吨，同比增长4.64%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01321,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,indicator_sentence,铝,price,数据，2025 年，国内氧化铝均价同比下降 20.66%，国内铝锭市场均价同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01322,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,cost|company,毛利率：氧化铝业务毛利率同比减少 8.86个百分点，原铝业务,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01323,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,price|company,其中，氧化铝业务因销售价格下降而导致毛,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01324,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,price|cost|company,原铝业务因原燃材料成本下降和销售价格增加而使毛利率同,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01325,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0131,fact_or_view_sentence,铝,company|project, 推进稀有金属平台落地，拟收购巴西铝业大部分股权,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_042_张珂5448845051112.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_042_张珂5448845051112.pdf,dc200735239ff4ebb7947873df9f37ecae3cd34155a0822b408add807721d408,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01326,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,fact_or_view_sentence,铝,company,——中国铝业(601600)2026 年一季报点评,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01327,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,indicator_sentence,铝,supply|company,根据公司公告，产量：2026 年 1-3 月，公司冶金级氧化铝产量 405 万吨，同,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01328,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,indicator_sentence,铝,supply,氧化铝产量 122 万吨，同比增长 28.42%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01329,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,indicator_sentence,铝,price,数据，2026 年 1-3 月，国内氧化铝期货收盘价 （活跃）均价同比下降 18.52%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01330,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,indicator_sentence,铝,price,国内铝期货收盘价（活跃）均价同比增长 18.08%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01331,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,fact_or_view_sentence,铝,company,采矿比率进一步提高，原铝产品量价齐升，叠加公司降本增效，支撑业绩增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01332,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,fact_or_view_sentence,铝,company|project, 拟收购巴西铝业部分股权，丰富海外市场产业布局,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01333,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,indicator_sentence,铝,company|project,2026 年 1 月公司拟联合力拓收购巴西铝业 68.6%股权。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01334,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,fact_or_view_sentence,铝,supply|company,铝业拥有涵盖铝土矿、 氧化铝、 电解铝、 铝加工、 再生铝及电力供应的完整铝,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01335,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,indicator_sentence,铝,supply|company,巴西铝业目前拥有 3 座在产铝土矿山，年铝土矿产量约 200 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01336,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,indicator_sentence,铝,supply|demand,氧化铝产能 80 万吨/年，电解铝产能 43 万吨/年，下游加工产能 21.5 万吨/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01337,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0132,fact_or_view_sentence,铝,company,此外， 巴西铝业还控股或参股21 座水电站和 4 个风电站， 权益装机规模,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_043_张珂5544805081788.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_043_张珂5544805081788.pdf,1af12fe05fb65c3903f0e48ba831d8015eaadb49536f4a0123e2660f37977af3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01338,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,fact_or_view_sentence,铝,supply,再生铝产能释放带来降本增效，低碳红利逐步显现；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01339,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,fact_or_view_sentence,铝,demand,游储能、汽车轻量化、低空经济需求扩容，带动高端铝材放量；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01340,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,fact_or_view_sentence,铝,supply|cost,铝板带产量稳步增长增强 25 年全年盈利能力，出口毛利增长带动 26Q1,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01341,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,indicator_sentence,铝,supply,截至 2025 年，1）量，铝板带产量约 136 万吨同比+12%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01342,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,indicator_sentence,铝,cost,"铝箔成本 21,603 元/吨，同比+6%。",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01343,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,indicator_sentence,铝,cost,"铝箔税前毛利 1,371 元/吨，同比-",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01344,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,fact_or_view_sentence,铝,price|cost,26 年 3 月受地缘政治影响，伦沪铝价差走阔，出口业务毛利提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01345,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,fact_or_view_sentence,铝,supply|company,公司铝板带箔年产能 160 余万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01346,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,indicator_sentence,铝,supply|project,瑞新材等高端铝基新材料项目产能逐步释放， 新增高端产能10 万吨以上，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01347,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,fact_or_view_sentence,铝,company,投资建议：公司作为国内铝板带材加工行业产品多元化和再生铝保级应用,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01348,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,fact_or_view_sentence,铝,company,未来公司将凭借高端化铝材占比提升及铝行业高景气延续， 我们认为公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01349,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0133,fact_or_view_sentence,铝,company,1、 《明泰铝业（601677.SH） ：加速布局高端化领域，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_044_张航，初金娜4111415071449.pdf,3e0cff24fe7137411f2d37ee2853a3ec7e3d6d33c5253d90679412cda79ef4fb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01350,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,indicator_sentence,铜,supply|company,公司共计拥有产能 148.05 万吨，其中铜管产能 92 万吨，铜棒产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01351,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,company,相对销量而言，铜价对公司收入影响更大，是增收的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01352,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,demand,增速最快，而主要增长领域为 HVAC 制冷领域，我国铜管需求有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01353,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,cost|company|project,甘肃海亮铜箔项目为公司近年来主要利润拖累，随,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01354,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,cost,着铜箔行业加速出清，加工费已逐步企稳，有望回暖。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01355,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,cost,型加工企业，主要盈利点为加工费，在加工费常年稳定、铜价大,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01356,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,cost|company,幅波动情况下，公司毛利率与铜价呈显著负相关。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01357,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,price|cost|project,若剔除铜箔项目的短期影响，近年来毛利率、周转率在铜价上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01358,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,indicator_sentence,铜,supply,基地，在美国已拥有 3 万吨铜管产能，可采取来料加工模式，凭,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01359,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,price, 盈利预测及投资评级：2024 年沪铜均价较 2023 年大幅增长，同,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01360,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,supply|company,时公司产能稳步扩大，2024 年公司铜加工主业整体量价齐升，收,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01361,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0134,fact_or_view_sentence,铜,cost,但由于加工费大体上维持稳定，售价提升主要来自铜价,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_045_景丹阳20129914738065.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_045_景丹阳20129914738065.pdf,95caed90a9b6c76bd6305c306a1689380283ea66af26820b6e6449860998e1fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01362,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,indicator_sentence,铜,company,公司铜加工产品销量 52.62 万吨，同比增长 3.79%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01363,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,indicator_sentence,铜,cost,利润方面，铜箔毛利率同比提升 9.15pct 至-1.39%，接近,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01364,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,indicator_sentence,铜,cost,扭亏，受铜价等因素影响，整体毛利率小幅波动，录得 4.7%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01365,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,fact_or_view_sentence,铜,policy, 直接受益美国铜关税，境外业务增长空间较大，人工智能推动相,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01366,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,indicator_sentence,铜,supply|policy,对进口半成品铜产品和铜含量高的衍生产品征收 50%普遍关税。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01367,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,indicator_sentence,铜,supply|company,据公司公告，公司在美共计规划约 9 万吨铜管产能，目前已有 3,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01368,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,fact_or_view_sentence,铜,demand|company,子铜箔需求不断增长，公司相关方向布局较早，有望持续受益。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01369,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,fact_or_view_sentence,铜,company,产进度及铜箔等板块进展，我们维持原盈利预测，预计公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01370,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,fact_or_view_sentence,铜,company,务相近的博威合金、金田股份、铜陵有色作为可比公司，考虑到,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01371,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,fact_or_view_sentence,铜,company,公司作为全球最大铜管、棒加工企业，规模效应下经营质量较高、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01372,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,fact_or_view_sentence,铜,policy,抵御铜价波动能力更强，同时铜管业务在北美关税政策变化下有,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01373,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0135,risk_sentence,铜,risk, 风险提示：北美铜管业务进展不及预期；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_046_景丹阳2820824849793.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_046_景丹阳2820824849793.pdf,5820e6535c6118deedb5716ca64c878b6d9cb575d7dd0b03bc966c08311dcfbc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01374,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0136,fact_or_view_sentence,铜,company, 主业稳健，铜箔景气反转叠加海外利好，公司业绩企稳高增。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_047_景丹阳2848985095466.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_047_景丹阳2848985095466.pdf,321edacc6b97109c6c036080196568197150efd77bab7d4cd02a538fc698b172,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01375,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0136,fact_or_view_sentence,铜,demand|company,冷板组件与无氧铜材需求升级，公司正努力切入头部客户散热供,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_047_景丹阳2848985095466.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_047_景丹阳2848985095466.pdf,321edacc6b97109c6c036080196568197150efd77bab7d4cd02a538fc698b172,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01376,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0136,fact_or_view_sentence,铜,company,及员工持股计划业绩考核目标，公司围绕暖通工业铜加工、铜箔、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_047_景丹阳2848985095466.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_047_景丹阳2848985095466.pdf,321edacc6b97109c6c036080196568197150efd77bab7d4cd02a538fc698b172,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01377,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0136,fact_or_view_sentence,铜,price|cost,年铜价大幅上涨侵蚀传统主业利润且铜价可能继续高位维持，我,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_047_景丹阳2848985095466.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_047_景丹阳2848985095466.pdf,321edacc6b97109c6c036080196568197150efd77bab7d4cd02a538fc698b172,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01378,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0136,risk_sentence,铜,risk, 风险提示：北美铜管业务进展不及预期；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_047_景丹阳2848985095466.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_047_景丹阳2848985095466.pdf,321edacc6b97109c6c036080196568197150efd77bab7d4cd02a538fc698b172,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01379,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,fact_or_view_sentence,铝,cost|company,⚫ 电解铝利润扩张推动公司业绩增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01380,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,fact_or_view_sentence,铝,price,（（1）原铝：2025 年 SMMA00 铝现货均价为 20726,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01381,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,indicator_sentence,铝,supply|company,公司原铝产量/销量分别为 808/807 万吨， 同比分别+6%/+6%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01382,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,indicator_sentence,铝,cost,板块实现利润总额 205.99 亿元，同比+130%，测算原铝吨利润水平为 2549 元，同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01383,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,fact_or_view_sentence,铝,cost|company,受益于电解铝量价齐升，公司原铝板块利润大幅提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01384,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,indicator_sentence,铝,price,年 SMM 氧化铝五地现货均价为 3235 元/吨，同比-21%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01385,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,indicator_sentence,铝,cost,氧化铝板块实现利润总额47.75 亿元， 同,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01386,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,indicator_sentence,铝,cost,比-59%，测算氧化铝吨利润水平为 275 元，同比-417 元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01387,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,risk_sentence,铝,cost|risk,因此整体来看， 虽然氧化铝板块利润下滑， 但原铝板块受,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01388,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,fact_or_view_sentence,铝,cost|company,益电解铝利润扩张实现大幅增长，公司毛利水平同比提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01389,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,indicator_sentence,铝,price,SMMA00 铝锭现货均价分别为 20442/20201/20711/21539 元/吨，25Q4 环比+5%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01390,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0137,indicator_sentence,铝,price,化铝全国均价分别为 3860/3069/3185/2860 元/吨，25Q4 环比-10%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_048_李怡然，汤璐阳，温佳贝4426835054903.pdf,2b60084673ac184a5f2a87026698c20c2dbc3e07cc84c075a3950a62b57448d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01391,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,fact_or_view_sentence,铝,cost|company,维持高位，公司利润有望充分受益于铝价上行弹性，维持公司买入评级。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01392,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,fact_or_view_sentence,铝,cost,铝价上行叠加成本改善，盈利弹性充分释放,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01393,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,fact_or_view_sentence,铝,price|cost,+10.93pct， 铝价上涨叠加氧化铝成本下降共同支撑毛利率上升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01394,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,indicator_sentence,铝,price,据，26Q1 电解铝现货均价为 2.40 万元/吨，yoy+17.56%，qoq+11.62%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01395,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,indicator_sentence,铝,price,"氧化铝均价为 2,683.89 元/吨，yoy-30.53%，qoq-8.15%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01396,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,risk_sentence,铝,supply|risk,中东局势加剧扰动供给，铝价上行弹性可期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01397,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,fact_or_view_sentence,铝,supply,供给方面， 国内电解铝运行产能已接近天花板， 未来增量主要依赖海外。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01398,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,indicator_sentence,铝,supply|company,及产能约 160 万吨/年）、巴林铝业运行产能降至约 30%、卡塔尔铝业产能,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01399,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,indicator_sentence,铝,supply,电解铝总供给量为 7397.6 万吨，同比增速或降至约-0.09%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01400,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,indicator_sentence,铝,price,LME 铝价有望在市场情绪企稳后上探 4000 美元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01401,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,fact_or_view_sentence,铝,price|company,考虑到公司外购氧化铝占比较高， 当前氧化铝价格低位震荡背景下， 电解铝,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01402,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0138,fact_or_view_sentence,铝,supply,展望后市，全球电解铝供应 偏紧格局有望延续，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_049_李斌5832935075127.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_049_李斌5832935075127.pdf,817c552208d66c33a0cd20ad8b610d26b1974f722e73642730439ef10b6a236c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01403,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,fact_or_view_sentence,铝,price,铝价上涨带动 26Q1 业绩实现高增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01404,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,fact_or_view_sentence,铝,price,考虑到铝价维持高位，叠加煤炭价格有望止跌企稳，公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01405,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,fact_or_view_sentence,铝,cost|company,司或同时受益于未来电解铝、煤炭端利润双增，维持公司买入评级。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01406,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,fact_or_view_sentence,铝,price|company,公司一季度业绩受益于铝价较大幅度上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01407,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,fact_or_view_sentence,铝,price|cost,铝价上涨叠加氧化铝成本下降共同支撑毛利率上升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01408,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,indicator_sentence,铝,price,电解铝现货均价为 2.41 万元/吨，yoy+12.46%，qoq+5.44%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01409,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,risk_sentence,铝,supply|risk,中东局势加剧扰动供给，铝价上行弹性可期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01410,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,fact_or_view_sentence,铝,supply,供给方面， 国内电解铝运行产能已接近天花板， 未来增量主要依赖海外。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01411,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,indicator_sentence,铝,supply|company,及产能约 160 万吨/年）、巴林铝业运行产能降至约 30%、卡塔尔铝业产能,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01412,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,indicator_sentence,铝,supply,电解铝总供给量为 7397.6 万吨，同比增速或降至约-0.09%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01413,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,indicator_sentence,铝,price,LME 铝价有望在市场情绪企稳后上探至 4000 美元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01414,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0139,fact_or_view_sentence,铝,price|company,公司业绩弹性有望在国内铝价与煤炭价格回升中释放,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_050_李斌5848815069564.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_050_李斌5848815069564.pdf,2506ff88bd5779ffe0b078c92691b3d53e643366c52ce68a91ba3f91f24e42a8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01415,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,fact_or_view_sentence,铜,company,江西铜业 (600362 CH/358 HK),converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01416,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,fact_or_view_sentence,铜,company,我们看好公司的价值提升：1）公司是老牌国有铜企， 稳健经营；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01417,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,indicator_sentence,铜,supply|company,2025 年主营业务表现较为出色：产量方面，公司矿产铜产量 26.99 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01418,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,indicator_sentence,铜,supply|company,剔除后公司中国境内矿产铜产量 20 万吨，同比基本持平；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01419,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,indicator_sentence,银,supply,5 吨、矿产白银产量 81 吨，分别同比-10%/+20%，可能与副产品产量波动,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01420,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,indicator_sentence,铜,supply|company,公司阴极铜产量238 万吨、 硫酸产量703 万吨， 分别同比+4%/+16%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01421,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,fact_or_view_sentence,铜|金,price|company,价格方面，2025 年公司主产品价格整体走强，LME 铜/SHFE 黄金/SHFE,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01422,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,indicator_sentence,银,price,白银/国内硫酸价格分别同比+29%/+36%/+117%/+62%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01423,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,indicator_sentence,铜,supply|project,100%股权收购，旗下 Cascabel 项目是一个世界级铜金矿山，其中 Alpala,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01424,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,indicator_sentence,铜,project,矿床目前拥有资源量：铜 1220 万吨、金 3050 万盎司、银 10230 万盎司。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01425,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,fact_or_view_sentence,钨,price|company,2）公司是港股上市公司佳鑫国际第二大股东，公司有望受益于钨价上涨及,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01426,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0140,fact_or_view_sentence,铜,company,3）公司是海外铜企第一量子第一大股东，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_051_李斌，黄自迪5142155054009.pdf,f5e54ac55de15db59a29491e753f7e2fd85043c8a22e4bf6e953e264a5cfe379,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01427,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,supply|company," 公司是全球铜及铜合金材料品类最齐全、规模最大的生产企业，在铜加工产业已构建""冶炼-",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01428,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,indicator_sentence,铜,supply,能达到 220 万吨，铜产品产量 191.6 万吨，居行业第一。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01429,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,demand|company, 高端铜产品需求的快速增长为公司带来新机遇，创新型铜加工龙头市占率有望提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01430,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,demand,汽车、人形机器人、低空经济等领域催生了铜产品的新需求，促使其结构向高端化、高附加,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01431,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,demand|company, 依托“ 高端化、国际化、绿色化”三大优势，公司迅速抢占下游铜需求增量空间。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01432,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,company,同时，公司是全球铜业内为数不多实现“一站式全闭环低碳再生材料”的解决方案商，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01433,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,cost|company,我们认为，铜价变化对公司未来毛利影响趋弱，盈利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01434,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,cost,1）盈利能力核心影响因素——铜加工费率自 2022 年以来呈稳中向好趋势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01435,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,indicator_sentence,铜,cost|company,根据我们测算，公司铜及铜合金（不包含铜线排）产品加工费率 2024 年已提升至 7.7%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01436,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,price|demand|cost|company,"公司采用""原材料价格+加工费""定价模式，铜价主要从需求侧",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01437,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,demand|company,公司正加速满足下游日益增长的高端铜基材料需求，高附加值产品,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01438,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0141,fact_or_view_sentence,铜,company,3)公司套期保值体系优势进一步降低铜价波动带来,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_052_王凯55523554818614.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_052_王凯55523554818614.pdf,ce4231f9a71fa468c379427dd3bd5eb6aee830bb010bf3ff9430f65392e90947,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01439,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,risk_sentence,金|稀土,risk|company,“滞”的风险与战略主题共振，看好贵金属和稀土的年度行情,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01440,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,金|稀土,company,金属新材料团队 • 贵金属 + 稀土中期策略 报告,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01441,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,金|银,price,1-5月，金银价格冲高后出现显著调整，美伊战争对贵金属的压制逻辑是“不降息or加息”和“衰退”预期同时出现——,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01442,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,金,price,• 战争催涨油价—>通胀上行预期—>压制美联储宽松预期—>不降息or加息—>流动性紧缩预期and美元走强—>压制贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01443,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,金,price,• 原油运输受阻—>油价大涨—>能源危机乃至衰退预期—>流动性紧缩预期—>贵金属、美债等资产存在抛压—>美元被动走强—>压制贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01444,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,risk_sentence,金,risk,国当前面临的经济压力、以及高油价传导来的新压力或将重新得到关注，进而从缓解央行紧缩预期的角度利好贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01445,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,金,company,黄金股盈利释放的同时，还需重点关注黄金股的估值修复弹性。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01446,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,金,company,综合考虑盈利释放的稳定性，建议关注中金黄金、山金国际、万国黄金集团、,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01447,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,金|锡,company,灵宝黄金、紫金黄金国际、中国黄金国际、赤峰黄金、盛达资源、兴业银锡等。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01448,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,稀土,price|supply|company,稀土：供给紧缩预期持续，看好26H2的稀土价格走势，关注稀土板块的估值拔升机会,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01449,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,稀土,supply,全球氧化镨钕产量增速在2025年显著放缓，中国的增速收缩更为明显。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01450,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0142,fact_or_view_sentence,稀土,supply,进口矿和回收成为氧化镨钕理论供给的重要支撑；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_053_甘嘉尧，熊宇航23326745113606.pdf,a35ba27291eee4ab135744bf662bf2966e57e68da6064d99d3bb9bf88fa173fa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01451,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,fact_or_view_sentence,铝,price,业绩增长主要原因为报告期内铝价上涨导致营业收入增加。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01452,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,indicator_sentence,铝,price,"电解铝均价 24,029 元/吨，同比+17.5%，环比+11.6%。",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01453,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,indicator_sentence,铝,company,公司 2025 年 11 月 27 日公告 140 万吨电解铝绿色低碳能效,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01454,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,fact_or_view_sentence,铝,supply|company|project,提升改造项目首批电解槽正式通电启槽，项目完工后，公司电解铝产量将提升至合规批复产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01455,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,indicator_sentence,铝,supply|project,电解铝产能指标，截至 2024 年已建成 120 万吨产能，实际年产量 116 万吨左右，项目满产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01456,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,indicator_sentence,铝,supply,后预计贡献电解铝 24 万吨年产能提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01457,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,fact_or_view_sentence,铝,supply|cost|company,有望进一步加强成本优势，国内电解铝产能逼近天花板，铝价有望上行，且公司在建电解铝,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01458,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,fact_or_view_sentence,铝,price,考虑 26 年年初以来电解铝价格大幅上涨，国内电解铝,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01459,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,fact_or_view_sentence,铝,supply,产能逼近天花板，中东及非洲地区电解铝产能减产影响下，26 年全球铝供给或由紧平衡转向,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01460,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0144,risk_sentence,铝,demand|risk,⚫ 风险提示：电解铝下游需求不及预期；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_055_郭中伟5509405086220.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_055_郭中伟5509405086220.pdf,60b0ebadd0d87bcc5ade1644f58bf5fb21585a9bc893c6767f1b7da920863d69,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01461,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0145,fact_or_view_sentence,铝,company,公司 26Q1 业绩大幅增长，主要受益于电解铝售价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_056_金云涛7028485064469.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_056_金云涛7028485064469.pdf,f8d6a09f019a68b6bd692d2c8e886bc0a640472912ffc6f43e09f32ca1213c26,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01462,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0145,fact_or_view_sentence,铝,price,同比上涨、氧化铝价格同比下行，电解铝板块盈利弹性迎来释放。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_056_金云涛7028485064469.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_056_金云涛7028485064469.pdf,f8d6a09f019a68b6bd692d2c8e886bc0a640472912ffc6f43e09f32ca1213c26,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01463,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0145,indicator_sentence,铝,price,2.40 万元/吨，环比+11.6%，同比+17.6%，氧化铝均价 2678 元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_056_金云涛7028485064469.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_056_金云涛7028485064469.pdf,f8d6a09f019a68b6bd692d2c8e886bc0a640472912ffc6f43e09f32ca1213c26,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01464,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0145,fact_or_view_sentence,铝,price|company,同环比上涨、 主要原材料氧化铝价格同环比下降等因素影响， 公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_056_金云涛7028485064469.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_056_金云涛7028485064469.pdf,f8d6a09f019a68b6bd692d2c8e886bc0a640472912ffc6f43e09f32ca1213c26,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01465,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0145,indicator_sentence,铝,company|project,焦作万方收购开曼铝业 （三门峡） 有限公司99.44%股权完成交割，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_056_金云涛7028485064469.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_056_金云涛7028485064469.pdf,f8d6a09f019a68b6bd692d2c8e886bc0a640472912ffc6f43e09f32ca1213c26,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01466,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0145,fact_or_view_sentence,铝,cost,考虑到电解铝板块受益铝价上行与氧化铝成本回落， 煤炭业务有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_056_金云涛7028485064469.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_056_金云涛7028485064469.pdf,f8d6a09f019a68b6bd692d2c8e886bc0a640472912ffc6f43e09f32ca1213c26,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01467,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜,company, 公司产品包括精密铜带、铜导体材料、铜合金线材、精密特钢、碳纤维复合材料和高端热工装备六大产业。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01468,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜,company,公司通过多轮并购及资本运作，实现：1）铜基材料高端化升级；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01469,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜|锡,project,及机器人电子信号通讯用超细铜导体产业化项目》研发的0.10mm规格级的编织并线锭已实现全面量产，并在稳步提升编织用镀锡并线锭产,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01470,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜,company, 公司是国内铜基材料龙头企业，近年来加速高端化转型。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01471,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,indicator_sentence,铜,supply,其中：精密铜带年产能超30万吨，位居国内第一，,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01472,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜,company, 近年来，公司通过多轮并购及资本运作，实现：1）铜基材料高端化升级；,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01473,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜,company,公司下属11家控股企业，覆盖公司精密铜带、铜,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01474,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜,cost|company,1.3 财务情况：铜价波动影响公司营收、毛利,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01475,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,risk_sentence,铜,cost|risk|company,面，受铜价波动影响，公司整体毛利率波动下滑，25H1毛利率3.24%，净利率0.98%。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01476,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜,company,由于公司铜基材料板块产品定价模式为“原材料 +加工制,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01477,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜,demand, 铜基材料龙头，下游覆盖新5G通信、AI算力、机器人、新能源等。,converted_text_page_25_sentence_scan,25,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01478,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0146,fact_or_view_sentence,铜,company,公司铜基材料主要包括精密铜带、铜导体材料、铜合金线材及精密,converted_text_page_25_sentence_scan,25,ana-data/cases/有色案例/converted/copper_aluminum_companies_057_陆洲25416904882468.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_057_陆洲25416904882468.pdf,42df1e37d5f2a79d06666a6f1227e330623e39a9797ab4a0a6bf24d75863b135,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01479,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,fact_or_view_sentence,铜,company,北方铜业（000737）公司研究报告 2024 年 07 月 25 日,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01480,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,fact_or_view_sentence,铜,company,北方铜业： 老牌铜矿国企， 增储扩产在路,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01481,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,fact_or_view_sentence,铜,supply,省国资委实际控制，主营铜采矿、选矿、冶炼，自有一座矿山铜矿峪矿、两,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01482,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,indicator_sentence,铜,company,截至2023 年底， 公司铜矿峪矿 （100%权益）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01483,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,indicator_sentence,铜,project,保有铜矿石资源量 2.2 亿吨，铜金属 133 万吨，地质平均品位 0.61%，铜矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01484,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,fact_or_view_sentence,铜,company,正加速推进深部资源勘探，有望增加 3 亿吨铜矿石储备，为公司发展提供可,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01485,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,indicator_sentence,铜,supply|company,年公司矿产铜产量为 4.32 万吨，均由公司全资的铜矿峪矿贡献。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01486,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,fact_or_view_sentence,铜,supply,托管了控股股东下属的胡家峪铜矿及篦子沟铜矿， 其23 年矿产铜产量分别为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01487,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,indicator_sentence,铜,company,4492 吨和 3319 吨，合计生产 7811 吨铜（上市公司享有其全部采购权） 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01488,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,fact_or_view_sentence,铜,company,据公司在上市时的承诺，在满足一定条件下，两个托管的铜矿将注入上市公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01489,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,indicator_sentence,铜,supply|company,据公司年报，2024 年公司计划矿产铜产量 4.2 万吨，若两个托管铜矿注,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01490,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0147,fact_or_view_sentence,铜,supply|company,入，预期未来公司矿产铜产量将进一步提升；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_058_陈先龙，@甘嘉尧4641364410679.pdf,432fc4ec0b070d0afca809622d76738b9e0bf6dc68ce959b63fe52c4578ef6f4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01491,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,fact_or_view_sentence,铜,company,江西铜业(600362)公司研究报告 2026 年 02 月 13 日,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01492,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,fact_or_view_sentence,铜,supply,[Table_Title] 铜矿盈利能力提升，冶炼业务短期承压,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01493,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,fact_or_view_sentence,铜,company,——江西铜业(600362)首次覆盖报告,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01494,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,fact_or_view_sentence,铜|金,supply|company,江西铜业的业务涵盖了铜和黄金的采选、 冶炼与加工；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01495,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,fact_or_view_sentence,铜,supply,探、采矿、选矿、冶炼、加工于一体的完整产业链，是中国重要的铜、金、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01496,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,indicator_sentence,铜,supply,铜供应商， 阴极铜产能已超200 万吨/年， 产能规模稳居国内同业领先地位。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01497,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,indicator_sentence,铜,supply,2024 年阴极铜产量达229.19 万吨 （同比+9.28%） ， 有效产能得到充分释放；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01498,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,indicator_sentence,铜,supply,2025 年上半年，阴极铜产量实现 119.54 万吨（同比+1.74%） 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01499,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,fact_or_view_sentence,铜,company,公司海外资源布局持续推进， 公司是国内最大的阴极铜生产企业之一。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01500,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,fact_or_view_sentence,铜,supply|demand,年以来， 供给端受全球大型铜矿不同程度的负面影响， 需求端新能源汽车和,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01501,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,fact_or_view_sentence,铜,demand,传统领域的需求持续扩张， 供需格局正迈入持续性短缺的新阶段， 铜价或将,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01502,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0148,risk_sentence,铜,price|risk,宏观经济风险，铜市场价格波动，供需格局变动影响。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_059_马捷6823205009840.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_059_马捷6823205009840.pdf,ef16fcd75d1696982090c0fe4618acb54729f3a82bf82977e435a40406918c39,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01503,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,company,铜陵有色(000630)公司研究报告 2025 年 12 月 8 日,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01504,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,cost, 铜全产业链企业，受限铜加工费短期利润承压,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01505,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,supply,企业实现了铜全产业链布局， 核心业务涵盖铜矿勘探、 采选、 冶炼及精深加,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01506,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,cost|policy|company,但受到铜加工费持续走低和海外子公司所得税政策调整事件影响，企业短,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01507,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,supply|demand, 铜精矿供给增长放缓，新兴领域拉动铜产品需求,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01508,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,indicator_sentence,铜,supply|project,供给端，全球铜储量增速下降，2024 年世界铜储量 98000 万吨， 同比下降,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01509,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,demand,而在需求端， 铜产品需求主要靠电力与,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01510,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,supply, 铜矿产能提升可期，全产业链迎新动力,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01511,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,supply|project,矿山端， 随着米拉多铜矿二期项目产能逐渐释放， 企业年产铜精矿含铜有望,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01512,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,indicator_sentence,铜,supply|cost,利率，产能完全释放后，预计铜产品毛利率突破6%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01513,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,supply,精深加工端， 企业铜加工产品产能稳步提升， 旗下铜冠铜箔,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01514,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0149,fact_or_view_sentence,铜,supply,业内技术优势明显，高端铜箔产能释放后，25 年前三季度成功扭亏为盈。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf.txt,ana-data/cases/有色案例/raw/copper_aluminum_companies_060_马捷，石昆仑10428134948013.pdf,775f0e9843c1e2f29bea160829da17669d82bdc46b2eadb3605b174e7c577d0e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01515,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,fact_or_view_sentence,锂|镍,supply,迭代，主要是我国磷酸铁锂和印尼湿法镍产量的持续增长，至 2025 年底新能源相关,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01516,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,fact_or_view_sentence,锂,demand,磷酸铁锂经历迭代，性能不断优化，已成为全球动力电池出货主力，在储能领域也占据主导地位，,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01517,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,fact_or_view_sentence,镍,demand,动镍的新兴需求，未来固态电池发展也 有望带来高镍三元正极材料 的持续增长，在此背景下印尼,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01518,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,fact_or_view_sentence,镍,demand,低品位红土镍近年来的持续深度开发因其较高的硫酸单耗对硫磺整体的需求拉动极为显著。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01519,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,fact_or_view_sentence,锂|镍,supply|demand,整体而言，磷酸铁锂和湿法镍近年来的产量持续增长成为全球硫磺需求的最大边际拉动，我们所,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01520,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,fact_or_view_sentence,铜,supply,湿法铜产量 419 389 409 460 478 492,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01521,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,fact_or_view_sentence,镍,supply,印尼 HPAL 镍产量 0 0 9 17 31 47,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01522,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,indicator_sentence,镍,supply,（折金属镍）产能将达到 90 万吨以上，较 2025 年产能增长翻倍。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01523,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,fact_or_view_sentence,锂,supply,另一方面，磷酸铁锂 2026 年 1-4 月产量已,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01524,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,indicator_sentence,锂,supply,实现大幅增长，SMM 在今年初也预计 2026 年磷酸铁锂产量将同比增长 50%以上。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01525,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,indicator_sentence,铜,demand,法铜及其他下游的增长，未来三年维度新能源带来的硫磺需求增量至少在 800 万吨/年的水平。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01526,ANA-YS-INDUSTRY-001,BATCH-003,SB005,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0150,fact_or_view_sentence,锂,demand,需求侧也因新能源磷酸铁锂产业链对 磷,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_061_@万里扬，@倪吉6346605116934.pdf,4a3854b5af28d8111f468bc8a217860d48da75f4809e6a8e0edee33eb86c9225,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01527,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,fact_or_view_sentence,金,supply,所分化，其中贵金属及小金属表现较强，主要受全球央行购金、地缘局势反复及部分品种供应偏紧支撑，而基本金属及金属新材料阶段性承压。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01528,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,indicator_sentence,金,cost,26Q1贵金属行业实现营收1283.93亿元，同比+53.15%，环比+22.84%，实现归母净利润81.62亿元，同比+109.39%，环比,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01529,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,indicator_sentence,金,price|company,价格方面，2025 年黄金均价为3447.81美元/盎司，同比+44.26%，26Q1 COMEX黄金均价同比+63.31% ，主要系全,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01530,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,indicator_sentence,银,price,+41.91% ，26Q1白银均价同比大幅+157.16%，整体呈宽幅震荡上行走势。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01531,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,fact_or_view_sentence,铜|铝,price,• 基本金属：26Q1铜铝价格震荡上行，企业业绩全面提升。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01532,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,risk_sentence,铜,supply|policy|risk,同比+102.81% ，环比+32.40%1）铜：26Q1铜价整体偏强震荡，主要受地缘局势、美国关税政策及通胀预期反复扰动影响，矿端供应偏紧格局延续，铜精矿加工,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01533,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,risk_sentence,铜,demand|risk,费持续下滑，而电网投资、新能源车及风光装机维持较强需求，对铜价形成支撑。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01534,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,fact_or_view_sentence,铝,supply|demand,2）铝：供给端国内运行产能已接近产能天花板，下游加工企业3月后逐步复产，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01535,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,fact_or_view_sentence,铝,price|inventory|demand,汽车需求维持高景气，对铝消费形成支撑，但光伏需求边际有所转弱，同时社会库存明显累积，对现货价格形成一定压制。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01536,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,risk_sentence,锡,supply|demand|risk,出口收紧叠加海外矿区扰动，全球锡供给持续偏紧，锡板块电子行业需求边际修复，带动锡价整体维持高位。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01537,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,fact_or_view_sentence,钨,supply|demand,钨方面， 供给收缩、海外战略储备需求升温及行业,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01538,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0151,fact_or_view_sentence,钨,price|supply|demand,长单挺价共同推动钨价大幅上涨，但3月后矿山复产及高价抑制需求导致市场转入博弈阶段。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_062_@刘奕町，@曾先毅，胡十尹19015945106756.pdf,33600d84d589fec74c176d3316a4d83163a417601bc8250ea8649d6977db3f23,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01539,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,fact_or_view_sentence,钼,company,个股 紫金 矿业 、洛阳 钼业 、藏 格 矿业 、五 矿资源 ；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01540,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,fact_or_view_sentence,铝,company,股份 、天 山铝 业、神火 股 份、中 孚 实业 ；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01541,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,fact_or_view_sentence,锂,supply|demand,能高 景气 持续 拉 动锂 需求 ， 同 时 供给 端扰 动 加剧 放大 锂价 上 行弹 性的 锂矿 板 块,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01542,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,fact_or_view_sentence,锂,company,个股 天齐 锂业 、 赣锋 锂业 、 大中 矿业 、盛 新 锂能 、中 矿资 源、 融捷 股份。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01543,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,fact_or_view_sentence,金,company,2026 Q1A 股有 色 金属子行 业 中 ，工业 金属 、黄金 、稀有 金 属继 续保 持业 绩 高增 长 ，且 工业 金属,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01544,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,indicator_sentence,铜,price,其中 2026 Q1 国 内铜 均价 为 100700 .36 元 /吨 ，同 比上 涨 30.04%，环比 上涨 12.90%；,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01545,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,indicator_sentence,铝,price,2026 Q1 国 内电 解铝 均 价为 24028 .93 元/吨 ，同 比上涨 17.53%， 环比 上涨 11 .51%，且 一 季度 氧化,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01546,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,fact_or_view_sentence,铝,price|cost,铝价 格仍 处于 下 跌下 成本 下 行也 增厚 了电 解 铝行 业的 利润；,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01547,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,fact_or_view_sentence,铜|铝,price,主 要工 业 金属 价格 在一 季 度的进一 步 上 行，也 使 A 股铜 、铝 、铅锌 等 工业 金属 板,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01548,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,indicator_sentence,金,price|company,202 6Q1 国内 黄金 现 货均 价达 到 1088 .08 元/克，同比 上涨 62 .20%， 环比上涨 14 .59 %。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01549,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,indicator_sentence,锂,price,锂均 价同 比上 涨 103 .67 %， 环比 上 涨 74.76%。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01550,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0152,fact_or_view_sentence,锂,price,价 格 大幅 上涨 下锂 矿公 司 盈利 能力 大 幅提 升， 业绩,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_063_@华立12329505096091.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_063_@华立12329505096091.pdf,6878f44b4cea90e9d1dc1aba131e8c27168cc74fd407c478e666fadc00fc34b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01551,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,铜,price|inventory|supply,价格相对高位限制中长期新增产能，短 期关注库存和铜价变动；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01552,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,铜,demand,图表 12： 国内覆铜板及半固化片对电子布的需求测算 ............................................................................................... 8,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01553,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,金,price,图表 16： 国内铂铑贵金属价格走势 .......................................................................................................................... 10,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01554,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,铜,demand,图表12： 国内覆铜板及半固化片对电子布的需求测算,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01555,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,金,price|inventory|supply,多重因素推动普通电子布价格快速回升，织布机及贵金属制约中长期新增产能，低库存支,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01556,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,risk_sentence,铜,demand|risk,年国内覆铜板行业对电子布需求分别增长 16.7%/17.1%， 扭转了2022-2023 年下滑的趋势。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01557,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,金,price|inventory|supply,贵金属价格维持相对高位将制约中长期新增产能，而行业低库存也为短期涨价提供了支撑。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01558,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,金,price,2025 年以来，受全球宏观环境及贵金属市场波动影响，铂铑金属价格高企，高昂的贵金属,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01559,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,金,cost,中贵金属成本上升是导致总投资增加的重要因素。,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01560,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,金,price|project,图表16： 国内铂铑贵金属价格走势 图表17： 中国巨石不同电子纱布项目总投资,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01561,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,铜,price,此外，由于玻纤电子布与铜箔均是覆铜板的核心主材，二者价格共同反映供需状况。,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01562,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0153,fact_or_view_sentence,铜,price|cost,箔定价一般与阴极铜的成本价格高度相关，因此电子布与铜价也紧密相关，截至今年 5 月,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_064_@方晏荷，黄颖，樊星辰15732495113779.pdf,ef7c79bab4121daa196a653155e4040cfa0ee6a559ad2a4c5126164fdeb2831d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01563,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,金,company,中国:官方储备资产:黄金(包括黄金存款和适用情况下的黄金掉期),converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01564,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,金,company,中国:官方储备资产:黄金储备(万金衡盎司),converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01565,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,金,demand|company,黄金总需求 4682 4713 4944 4957 5002,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01566,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,金,company,黄金ETF及类似产品 -189 -110 -244 -6 801,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01567,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,金,demand|company,黄金需求量 4013 4699 4515 4623 4999,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01568,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,铜,supply,铜矿供给（万吨） 2120 2190 2260 2300 2292 2334 2453 2566,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01569,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,铜,company,巨龙铜业 17 19 30 35 35,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01570,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,铜,supply,精炼铜供给（万吨） 2489.7 2527.8 2650.7 2765.6 2853.0 2922.9 3071.9 3211.7,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01571,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,铝,inventory,图：2026年铝土矿港口库存逐步提升（万吨）,converted_text_page_26_sentence_scan,26,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01572,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,铝,price,图：2021-2026年铝土矿价格（美元/吨，元/吨）,converted_text_page_26_sentence_scan,26,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01573,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,铝,price,几内亚铝矿CIF-平均价 马来西亚铝矿CIF-平均价,converted_text_page_26_sentence_scan,26,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01574,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0154,fact_or_view_sentence,铝,price,印尼铝矿CIF-平均价 澳洲铝矿CIF-平均价,converted_text_page_26_sentence_scan,26,ana-data/cases/有色案例/converted/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_065_@李鹏飞，@刘彦奇，@魏雨迪135383285116065.pdf,931f7c5960c4c7754f43775e6e0fa72c01c9ce530a5e5b3236f684c41703d241,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01575,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0156,fact_or_view_sentence,金,company,本市场黄金期的时代基础，抬升市场整体的估值水平。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_067_@笃慧，@高亢36742725103673.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_067_@笃慧，@高亢36742725103673.pdf,0049b91fe599dfe4cbcbd9c87c19fe3a1a9c57a2630ae5aea5d3ad43d736f15a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01576,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0156,fact_or_view_sentence,镍,demand|company,益于需求复苏和镀镍钢壳业务的甬金股份。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_067_@笃慧，@高亢36742725103673.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_067_@笃慧，@高亢36742725103673.pdf,0049b91fe599dfe4cbcbd9c87c19fe3a1a9c57a2630ae5aea5d3ad43d736f15a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01577,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0157,fact_or_view_sentence,铝,company,中钢国际、 北方国际、 中工国际、 中铝国际， 后简称 “国际工程公司” ） 合计营收同,converted_text_page_48_sentence_scan,48,ana-data/cases/有色案例/converted/nonferrous_reports_068_@耿鹏智，@尉凯旋，@谢璐15179755093227.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_068_@耿鹏智，@尉凯旋，@谢璐15179755093227.pdf,58665338cb4895c16d6c0c16052f147a042a44b9d6a8a9bfae2745a191059160,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01578,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0157,fact_or_view_sentence,铝,company,2025年， 除中铝国际归母净利增长外 （系公司业,converted_text_page_50_sentence_scan,50,ana-data/cases/有色案例/converted/nonferrous_reports_068_@耿鹏智，@尉凯旋，@谢璐15179755093227.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_068_@耿鹏智，@尉凯旋，@谢璐15179755093227.pdf,58665338cb4895c16d6c0c16052f147a042a44b9d6a8a9bfae2745a191059160,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01579,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0157,risk_sentence,铝,risk,26Q1，除中铝国际业绩增长外其余均下滑，主要受营收下,converted_text_page_50_sentence_scan,50,ana-data/cases/有色案例/converted/nonferrous_reports_068_@耿鹏智，@尉凯旋，@谢璐15179755093227.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_068_@耿鹏智，@尉凯旋，@谢璐15179755093227.pdf,58665338cb4895c16d6c0c16052f147a042a44b9d6a8a9bfae2745a191059160,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01580,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0157,fact_or_view_sentence,铝,demand,链上下游延伸方面：如中铝国际抢抓有色金属行业绿色低碳、数智化发展的重要机,converted_text_page_51_sentence_scan,51,ana-data/cases/有色案例/converted/nonferrous_reports_068_@耿鹏智，@尉凯旋，@谢璐15179755093227.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_068_@耿鹏智，@尉凯旋，@谢璐15179755093227.pdf,58665338cb4895c16d6c0c16052f147a042a44b9d6a8a9bfae2745a191059160,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01581,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0158,fact_or_view_sentence,铝,demand,图 30、 2024-2025 年各省非水消纳责任权重与电解铝绿电消费比例情况 .. 19,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/nonferrous_reports_069_@蔡屹，@李静云，@史一粟14629145116911.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_069_@蔡屹，@李静云，@史一粟14629145116911.pdf,6d5f5fd4fd72c5c9b97469e3b8fda186482de0e03d9746491f1667f8403fedd8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01582,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0158,indicator_sentence,铝,demand,比例不低于 80%，电解铝、钢铁、水泥、多晶硅行业消费比例则根据各省资源情,converted_text_page_18_sentence_scan,18,ana-data/cases/有色案例/converted/nonferrous_reports_069_@蔡屹，@李静云，@史一粟14629145116911.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_069_@蔡屹，@李静云，@史一粟14629145116911.pdf,6d5f5fd4fd72c5c9b97469e3b8fda186482de0e03d9746491f1667f8403fedd8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01583,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0158,fact_or_view_sentence,铝,demand,图30、2024-2025 年各省非水消纳责任权重与电解铝绿电消费比例情况,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/nonferrous_reports_069_@蔡屹，@李静云，@史一粟14629145116911.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_069_@蔡屹，@李静云，@史一粟14629145116911.pdf,6d5f5fd4fd72c5c9b97469e3b8fda186482de0e03d9746491f1667f8403fedd8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01584,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,price|supply|demand,游铜、玻布等原材料价格持续上行，下游 AI 需求挤占产能及 PCB 环节库,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01585,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,demand,需求推动 HVLP 铜箔 及载体铜箔 加速升级，需求快速增长 ；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01586,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,company,【铜冠铜箔】【德福科技】，并关注【宝鼎科技】【方邦股份】 【隆扬电,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01587,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,company,覆铜板 生益科技、南亚新材、金安国纪、建滔积层板、华正新材、方邦股份、逸豪新材、中英科技,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01588,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,company,铜及铜箔加工 德福科技、铜冠铜箔、铜陵有色、宝鼎科技、隆扬电子、嘉元科技、诺德股份、中一科技、逸豪新,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01589,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,demand,（2）电子铜箔：AI 需求推动 HVLP、载体铜箔加速升级，需求快速增长................................................................. 35,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01590,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,price,图 9：LME 铜价走势（美元/吨） ............................................................................................................................... 17,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01591,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,cost,图 10：电子电路铜箔加工费走势 ............................................................................................................................... 17,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01592,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜|金,price,上游贵金属原料价格震荡上行，上游三大主材涨价，覆铜板及 PCB 价格 26Q1,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01593,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,price,LME 铜价 3-5 月高位震荡后加速冲高，H1 整体呈现突破上行态势。,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01594,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,price,2026 年全年 CCL 价格涨势明确，受铜箔、电子玻纤布等核心原材料涨价推动，,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01595,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0159,fact_or_view_sentence,铜,price|cost,图 9：LME 铜价走势（美元/吨） 图 10：电子电路铜箔加工费走势,converted_text_page_17_sentence_scan,17,ana-data/cases/有色案例/converted/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_070_@鄢凡，程鑫，涂锟山23318645111585.pdf,0af7ec745957ede6e942480d644137580a2422cfaf8b36486c9399c3c7b20f9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01596,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,铝,supply|policy,2025年11月 生态环境部发布了《2024、2025年度全国碳排放权交易市场钢铁、水泥、铝冶炼行业配额总量和分配方案》，到,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01597,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,锂,demand,3.8 磷：磷肥需求稳健+磷酸铁（锂）需求高增，磷化工产业链景气高位维稳,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01598,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,锂,price, 2025年磷酸铁、磷酸铁锂产需高增 ，2026年以来产品价格上涨 。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01599,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,锂,supply,据百川盈孚数据，2025年国内磷酸铁、磷酸铁锂产量325、400万,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01600,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,锂,price|demand,整体需求保持坚挺，采购活动维持高位，为铁锂价格提供了有力的需求端支撑。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01601,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,indicator_sentence,锂,price,磷酸铁锂动力型市场均价上涨 3250元/吨至66178元/吨；,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01602,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,indicator_sentence,锂,price,修复型铁锂市场均价上涨300元/吨至45000元/吨，涨幅0.67%。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01603,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,锂,supply,能持续释放影响，磷酸铁锂行业整体供应稳步增长。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01604,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,锂,supply|demand,图：湿法磷酸对磷矿石需求占比延续提升 图：2025年以来，磷酸铁（锂）产量延续高增,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01605,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,锂,supply,产量:磷酸铁同比（右轴） 产量:磷酸铁锂同比（右轴）,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01606,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,锂,supply,开工率:磷酸铁（右轴） 开工率:磷酸铁锂（右轴）,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01607,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0160,fact_or_view_sentence,铝,supply,对标电解铝行业，电解铝在海外仍存在产能增加 ，但海外炼化产能同样难以增加 ，后,converted_text_page_28_sentence_scan,28,ana-data/cases/有色案例/converted/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_071_@金益腾，@张晓锋，@毕挥39274485103749.pdf,b02fb94b19a2ef81ccd6ab50268757546e84c80d0195bcf6a3a6a3eb7317beea,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01608,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0161,fact_or_view_sentence,铜,company|project,首创环保： 公司联合安徽建工等中标铜陵义安城乡供水EPCO 项目，EPC 额 6.4 亿,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/nonferrous_reports_072_@陈龙，@郭鹏，@荣凌琪10906685111692.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_072_@陈龙，@郭鹏，@荣凌琪10906685111692.pdf,74afcf92f56ec4eaf30776da7477f017f3c92805113c49395444b5af72a70309,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01609,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0162,indicator_sentence,锂,price|supply|cost|company,3.4 白马企业中枢盈利测算 资料来源 : Wind ，申万宏源研究 行业板块 公司 市值（亿元） 26E 归母净利润（亿元） 26 年 PE 业务盈利测算 中枢利润 PE 产品 产能（万吨） 当前价差分位数 中枢价差分位数 恢复至中枢对应利润（亿元） 农化链 华鲁恒升 664 55 12 尿素 446 20% 32% 27 4 DMF 71 6% 30% 14 醋酸 135 4% 30% 27 己二酸 52 5% 45% 16 辛醇 ,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_reports_073_@马昕晔，@宋涛，@任杰27501295109620.pptx.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_073_@马昕晔，@宋涛，@任杰27501295109620.pptx.pdf,f52f1195fd45514e91162546611404d598afd8732063cf59c83002a3bf70af9a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01610,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0162,fact_or_view_sentence,铜,price,三、覆铜板材料，电子布价格持续上调，以及树脂、硅微粉高端产品持续放量。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_reports_073_@马昕晔，@宋涛，@任杰27501295109620.pptx.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_073_@马昕晔，@宋涛，@任杰27501295109620.pptx.pdf,f52f1195fd45514e91162546611404d598afd8732063cf59c83002a3bf70af9a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01611,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0163,fact_or_view_sentence,稀土,company,镁合金本体的耐蚀性提升以往经常使用稀土元素添加,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_reports_074_刘传海9300465110161.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_074_刘传海9300465110161.pdf,ad9af75ffbfcc74b2050d5b8d154a9bf512c0eac4c1da1099ac30215bd996023,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01612,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0163,fact_or_view_sentence,稀土,company,来实现，而目前最新的进展显示在不添加稀土元素的前提下，使用常见的合金元素也 能实现,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_reports_074_刘传海9300465110161.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_074_刘传海9300465110161.pdf,ad9af75ffbfcc74b2050d5b8d154a9bf512c0eac4c1da1099ac30215bd996023,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01613,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0163,fact_or_view_sentence,铝,company,宝武镁业旗下有宜安云海、博奥镁铝和宝玛克等多家镁合金零部件加工子公司。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_074_刘传海9300465110161.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_074_刘传海9300465110161.pdf,ad9af75ffbfcc74b2050d5b8d154a9bf512c0eac4c1da1099ac30215bd996023,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01614,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,supply|policy,进口高碳产品（如钢铁、水泥、铝等）征收碳关税，防止碳泄漏并创造公平竞,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01615,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,supply,受益于绿电比例提升和再生铝产量增长，于 2024,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01616,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,supply,图表 17 2017 -2024年国内电解铝产能及运行率变化 ....................................................... 16,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01617,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,supply,图表 18 2025 年国内电解铝产能及运行率变化 ................................................................ 16,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01618,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,supply,图表 21 “ 十四五”期间我国再生铝产量 .............................................................................. 17,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01619,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,supply,图表 22 “ 十四五”期间电解铝产量 ...................................................................................... 17,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01620,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,supply,础上，国务院正式批准将钢铁、水泥、铝冶炼行业纳入全球碳排放权交易市场。,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01621,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,supply,用范围的商品包括钢铁、水泥、铝、化肥、电力和氢共六类，进口商只需要报告进口产品,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01622,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,risk_sentence,铝,risk,初期覆盖钢铁、水泥、化肥、铝、电力等高碳泄漏风险行业。,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01623,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,demand,的基础上，增加 180 种钢铁和铝密集型的下游产品，包括机械设备及零件、汽车及其零,converted_text_page_14_sentence_scan,14,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01624,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,risk_sentence,铝,risk,(76110000)、铝制小容器(7612)、压力铝容器(76130000)、铝制绞线缆(7614)、其他,converted_text_page_14_sentence_scan,14,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01625,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0165,fact_or_view_sentence,铝,supply,电解铝是铝冶炼中最大的二氧化碳排放来源。,converted_text_page_15_sentence_scan,15,ana-data/cases/有色案例/converted/nonferrous_reports_076_孙维容29915285086436.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_076_孙维容29915285086436.pdf,18ee6d36ec25c62b2d200b179e86330bab446ac76173ab2e97b7dd5420a6fb2c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01626,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,company,稀土：国之重器，供需格局改善行业景气回升,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01627,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,company,稀土： “现代工业维生素” ，不可再生的稀缺性战略资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01628,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,company,在地壳中分布较为分散的一组金属元素， 可分为轻稀土（ 镧、、 、、 、、 、、 、、 、、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01629,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,company,铕、钆）与重稀土镧铽、镝、钬、铒、铥、镱、镥、钪、钇）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01630,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,supply|company,供给：中国主导稀土全产业链，海外补链进程加速。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01631,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,indicator_sentence,稀土,company,量结构：2025 年全球稀土资源共 8500 万吨 REO，中国占比 51.8%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01632,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,supply|company,虽然在过去十年间稀土供应趋于多元， 但中,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01633,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,supply|company,国在全球稀土资源供应仍占据主导地位。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01634,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,supply|policy|company,镧2） 中国供应： 中国稀土政策直接决定全,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01635,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,supply|company,中国长期实行稀土开采及冶炼分离总量控制， 自2024 年起指标增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01636,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,company,2025 年 8 月 22 日，工信部、发改委、自然资源部发布《稀土开,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01637,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0166,fact_or_view_sentence,稀土,supply|company,采和稀土冶炼分离总量调控管理暂行办法》 ，标志着稀土监管全面提级，或在总量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_077_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_077_张航20638605117036.pdf,068878b033969c1976aa7db7b9e435483c0156fadd843c9fa7363a2e5b980de2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01638,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0167,fact_or_view_sentence,镍,price|cost,另一方面，MLCC 的核心原材料（银、镍等）价格上涨，推高制造成本，进一步限制了厂商的产,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/nonferrous_reports_078_慧博智能投研27400535113231.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_078_慧博智能投研27400535113231.pdf,953465cb73d3085c85fc4edc1234241f2bfb7332d2ee26e8a2cb53f161362aa6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01639,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0167,fact_or_view_sentence,镍,demand,AI 推动高端 MLCC 及高端纳米镍粉需求增长，纳米镍粉粒径需求越来越细。,converted_text_page_14_sentence_scan,14,ana-data/cases/有色案例/converted/nonferrous_reports_078_慧博智能投研27400535113231.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_078_慧博智能投研27400535113231.pdf,953465cb73d3085c85fc4edc1234241f2bfb7332d2ee26e8a2cb53f161362aa6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01640,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0167,fact_or_view_sentence,镍,demand,GPU、CPU 对高算力需求迫切，小体积、大容量 MLCC 需求快速增长，对纳米镍粉的需求越来越细。,converted_text_page_14_sentence_scan,14,ana-data/cases/有色案例/converted/nonferrous_reports_078_慧博智能投研27400535113231.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_078_慧博智能投研27400535113231.pdf,953465cb73d3085c85fc4edc1234241f2bfb7332d2ee26e8a2cb53f161362aa6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01641,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0167,fact_or_view_sentence,镍,demand|company|project,镍粉（按原粉计）并投产，同时 AI 服务器需求激增带动 120nm 镍粉需求量快速增长，公司产品结构继,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/nonferrous_reports_078_慧博智能投研27400535113231.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_078_慧博智能投研27400535113231.pdf,953465cb73d3085c85fc4edc1234241f2bfb7332d2ee26e8a2cb53f161362aa6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01642,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0167,indicator_sentence,铜,supply|company,景气度持续向上，公司产能再扩张，拟再建 640 吨超细粉体+800 吨高性能超细铜粉。,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/nonferrous_reports_078_慧博智能投研27400535113231.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_078_慧博智能投研27400535113231.pdf,953465cb73d3085c85fc4edc1234241f2bfb7332d2ee26e8a2cb53f161362aa6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01643,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0167,indicator_sentence,镍,company,公司在去年新建 1800 吨超细镍粉基础上，今年再建 640 吨超细,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/nonferrous_reports_078_慧博智能投研27400535113231.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_078_慧博智能投研27400535113231.pdf,953465cb73d3085c85fc4edc1234241f2bfb7332d2ee26e8a2cb53f161362aa6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01644,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0167,indicator_sentence,铜|镍,supply,粉体和 800 吨高性能超细铜粉，合计再增 1440 吨粉体产能，以满足当前市场激增的 AI 用 MLCC 镍粉和,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/nonferrous_reports_078_慧博智能投研27400535113231.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_078_慧博智能投研27400535113231.pdf,953465cb73d3085c85fc4edc1234241f2bfb7332d2ee26e8a2cb53f161362aa6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01645,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,fact_or_view_sentence,锡,company,➢ 投资建议：建议关注云南锗业、锡业股份、株冶集团、中金岭南。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01646,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,fact_or_view_sentence,锡,company,资料来源：安泰科，锡业股份年报，中邮证券研究所,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01647,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,fact_or_view_sentence,铜|锡,supply,◼ 目前生产的大多数原生铟都是从铅、锌、铜、锡等矿石冶炼过程中回收的副产品，随着铟生产技术的不断改进，原料来源也,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01648,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,fact_or_view_sentence,铜,supply,呈现多元化的趋势，钢厂烟灰、铜冶炼渣、铅冶炼渣都开始成为提炼铟的原料。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01649,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,fact_or_view_sentence,锡,company,资料来源：安泰科，锡业股份年报，中邮证券研究所,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01650,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,indicator_sentence,金,company,速率要求，磷化铟具备独特的直接带隙结构，让光电转换效率接近100%，完美适配1310nm、1550nm光纤通信黄金波段，,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01651,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,fact_or_view_sentence,铜|锡,supply|company,◼ 业务介绍：公司的主营业务为锡、铜、锌、铟等金属矿的勘探、开采、选矿和冶炼。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01652,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,fact_or_view_sentence,锡,company,根据国际锡业协会统计，公司位列 2025 年十大精锡生产商之首。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01653,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,indicator_sentence,铜|锡,supply|company,◼ 产能：目前公司拥有锡冶炼产能 8 万吨/年、阴极铜产能 12.5 万吨/年、锌冶炼产能 10 万吨/年，压铸锌合金产能5,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01654,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,indicator_sentence,锡,supply|company,万吨/年，铟冶炼产能 105 吨/年，参股的新材料公司拥有锡材产能 4.3 万吨/年、锡化工产能 2.71 万吨/年。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01655,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,indicator_sentence,铜|锡,supply,"◼ 产量：2025 年生产有色金属总产量 35.60 万吨，其中：锡 9.12 万吨、铜 13.01 万吨、锌 13.34 万吨、铅 1,236",converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01656,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0168,indicator_sentence,锡,company|project,◼ 公司铟资源储量全球第一，铟金属保有资源储量4701吨，是全国最大的原生铟生产基地，2025年6月公司与云锡控,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_079_李帅华，魏欣24735725109320.pdf,792e3bd0a0dde5ef4ad6c141684e6e30dde3dff40660ff6bf5ad1b18f816834a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01657,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,金,company,“黄金坑”出现-2026.03.17,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01658,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,铝,demand,电极铝箔等具有清晰需求成长的品种走出了独立行情。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01659,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,锂|稀土|锡,company,险的品种，如碳酸锂、稀土、锡、三氧化二铁；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01660,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,铜|铝|金|银,company,找估值承压的边际修复机会（流动性预期缓和驱动的反弹），如黄金、白银、铜、铝等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01661,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,金,demand|company,⚫ 金：美元信用弱化与实物配置需求支撑黄金中枢。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01662,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,金,price|company,2026 年上半年黄金价格在快速冲高,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01663,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,金,demand,债务扩张、 央行储备多元化和亚洲实物配置需求仍对金价形成中长期支撑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01664,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,金,company,我们认为黄金不宜简单理解为单次降息交易， 而应看作美,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01665,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,金,price|company,黄金价格有望突破当前震荡区间进一步上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01666,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,金,company,黄金股方面， 高金价向业绩释放的传导仍在继续， 建议优先布局资源禀,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01667,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,金,company,金、灵宝黄金、山金国际、中国黄金国际、山东黄金、招金矿业；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01668,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0169,fact_or_view_sentence,银,price,⚫ 银： 供需缺口驱动价格， 看好白银价格弹性空间。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_080_李怡然，赵远喆，汤璐阳23975055095333.pdf,3aa48c2a49ad49b5082874bb8194bdf1bfff54f7dec0821646241e6e818463a4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01669,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0170,fact_or_view_sentence,锂,supply,上，锂行业专家分享了《能源变革下锂的供需变化》主题演讲 ：（1）供给,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_081_李斌，马俊5119095113586.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_081_李斌，马俊5119095113586.pdf,f3f9dbcb73f4b9c50eff688c136de9bc638436165cafb220738dc29e4a00bf87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01670,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0170,fact_or_view_sentence,锂,price|inventory,图表1： 碳酸锂价格（万元/吨） 图表2： 碳酸锂周度库存（吨）,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_081_李斌，马俊5119095113586.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_081_李斌，马俊5119095113586.pdf,f3f9dbcb73f4b9c50eff688c136de9bc638436165cafb220738dc29e4a00bf87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01671,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0170,fact_or_view_sentence,锂,price,SMM: 电池级 碳酸锂 - 平均价: 日度,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_081_李斌，马俊5119095113586.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_081_李斌，马俊5119095113586.pdf,f3f9dbcb73f4b9c50eff688c136de9bc638436165cafb220738dc29e4a00bf87,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01672,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0171,fact_or_view_sentence,锂,company,盐湖股份、 藏格矿业等具备稀缺资源价值， 关注大合同谈判进展。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf,fd0631d7fc2f43fb3548e6e3cb869f8ba74949c31eea90b66399cf131439f9b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01673,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0171,fact_or_view_sentence,金,company,中长期布局的黄金窗口，行业景气回升的确定性正在增强。,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf,fd0631d7fc2f43fb3548e6e3cb869f8ba74949c31eea90b66399cf131439f9b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01674,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0171,fact_or_view_sentence,铜,company,垒细分龙头，深度绑定紫金江铜的海安集团；,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf,fd0631d7fc2f43fb3548e6e3cb869f8ba74949c31eea90b66399cf131439f9b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01675,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0171,fact_or_view_sentence,铜,project,铜陵二期前驱体项目试生产，产品覆盖 High-K/金属/硅基四大类,converted_text_page_27_sentence_scan,27,ana-data/cases/有色案例/converted/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf,fd0631d7fc2f43fb3548e6e3cb869f8ba74949c31eea90b66399cf131439f9b5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01676,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0171,fact_or_view_sentence,金,policy|company,碳纤维被誉为“黑色黄金” ，其高景气度的背后是政策扶持与,converted_text_page_30_sentence_scan,30,ana-data/cases/有色案例/converted/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf,fd0631d7fc2f43fb3548e6e3cb869f8ba74949c31eea90b66399cf131439f9b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01677,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0171,fact_or_view_sentence,锂,price|cost|company,钾肥： 价格与利润稳定， 盐湖股份、,converted_text_page_31_sentence_scan,31,ana-data/cases/有色案例/converted/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_082_李旋坤，王金源18430565114358.pdf,fd0631d7fc2f43fb3548e6e3cb869f8ba74949c31eea90b66399cf131439f9b5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01678,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,铜,supply, 《2026 年海外铜企产量预期同比持平——海,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01679,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,锂,supply|demand, 《需求高增叠加供给约束，锂行业有望长期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01680,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,铜|铝|锂,company,聚焦 “铁矿石、铝、锂、铜”四大核心矿种，打造百年矿业巨头 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01681,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,铜|铝|锂,supply,矿产业务依托世界级铁、 铝、 锂、 铜矿山资产形成竞争壁垒， 业务布局 覆盖澳,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01682,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,铝,supply,其中，2025 财年铁矿产量达到 2.9 亿吨、铝土矿产 量达到,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01683,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,indicator_sentence,铜|锂,supply,6240 万吨、碳酸锂产量（LCE）5.7 万吨、铜产量 73.5 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01684,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,铝|锂,supply|company,铝业务上稳步推进绿色能源转型、在锂业务上实施阶梯式产能扩张策略 、在,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01685,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,铜|铝,project,的降碳项目和铁、 铝、 铜等领域的创新降碳技术， 正稳步迈向2030 年 碳排放,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01686,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,铜,project,2.2.3 超大型项目的渐进式股权渗透——入股蒙古 Oyu T olgoi铜矿 ................................ .......................... 9,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01687,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,铝,cost,3.2.3 铝：低成本绿色能源+资产优化，强化竞争优势 ................................ ................................ ........... 14,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01688,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,锂,supply,3.2.4 锂：抢占资源高地+规划期权产能，精准卡位市场上行周期 ................................ ......................... 15,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01689,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0172,fact_or_view_sentence,铝,company|project,图表 9：力拓在铝价高位时收购加铝公司 Alcan..................................................................................................................................................... 9,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_083_王小芃，于柏寒，祁岩22142065098117.pdf,3aad4f34f77b691b03b8eba67bdeb34eb00bf7df6aaeeb98098210309c2ea901,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01690,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,risk_sentence,金|稀土,risk|company,“滞”的风险与战略主题共振，看好贵金属和稀土的年度行情,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01691,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,金|稀土,company,金属新材料团队 • 贵金属 + 稀土中期策略 报告,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01692,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,金|银,price,1-5月，金银价格冲高后出现显著调整，美伊战争对贵金属的压制逻辑是“不降息or加息”和“衰退”预期同时出现——,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01693,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,金,price,• 战争催涨油价—>通胀上行预期—>压制美联储宽松预期—>不降息or加息—>流动性紧缩预期and美元走强—>压制贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01694,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,金,price,• 原油运输受阻—>油价大涨—>能源危机乃至衰退预期—>流动性紧缩预期—>贵金属、美债等资产存在抛压—>美元被动走强—>压制贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01695,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,risk_sentence,金,risk,国当前面临的经济压力、以及高油价传导来的新压力或将重新得到关注，进而从缓解央行紧缩预期的角度利好贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01696,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,金,company,黄金股盈利释放的同时，还需重点关注黄金股的估值修复弹性。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01697,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,金,company,综合考虑盈利释放的稳定性，建议关注中金黄金、山金国际、万国黄金集团、,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01698,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,金|锡,company,灵宝黄金、紫金黄金国际、中国黄金国际、赤峰黄金、盛达资源、兴业银锡等。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01699,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,稀土,price|supply|company,稀土：供给紧缩预期持续，看好26H2的稀土价格走势，关注稀土板块的估值拔升机会,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01700,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,稀土,supply,全球氧化镨钕产量增速在2025年显著放缓，中国的增速收缩更为明显。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01701,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0173,fact_or_view_sentence,稀土,supply,进口矿和回收成为氧化镨钕理论供给的重要支撑；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_084_甘嘉尧，熊宇航23326745113606.pdf,dc54cafc285f40913532a0de807d17808c9735ea51bf1e950f3da8c9da6eeb24,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01702,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,fact_or_view_sentence,铜|铝,price|supply,供给收缩逻辑持续强化，铜铝价格中枢有望上移,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01703,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,fact_or_view_sentence,铜|铝,price|supply,工业金属：供给收缩逻辑持续强化，铜铝价格中枢有望上移,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01704,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,fact_or_view_sentence,铜,price|supply,铜：供给收缩超预期，看好强供需格局推升价格中枢,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01705,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,indicator_sentence,铜,supply,2026年铜矿供给短缺格局基本确定，25Q4-26Q1海外20家主要铜企净下修今年产销量指引约30万吨；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01706,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,fact_or_view_sentence,铜,supply,受阻，或对全球湿法炼铜产能带来进一步潜在冲击；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01707,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,indicator_sentence,铜,supply|demand,速约为0.5%（不考虑海峡运输受阻可能导致的潜在供给冲击），精炼铜需求增速约为2.4%，供需增速差值有望持续推升铜价中枢。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01708,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,fact_or_view_sentence,铜,price|policy,的“滞涨”担忧仍需关注中东情况及美联储政策预期，此外需要宏观数据的持续验证等，短期铜价有望逐步进入由供需主导中枢抬升的阶段中。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01709,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,fact_or_view_sentence,铜|钼,price|company,而权益层面已出现商品价格与股价趋势的显著背离，板块波动放大或带来布局机会，建议关注铜板块投资机会：紫金矿业、洛阳钼业、金诚信、,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01710,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,fact_or_view_sentence,铜|金,company,西部矿业、藏格矿业、江西铜业、云南铜业、铜陵有色、中国有色矿业、五矿资源、中国黄金国际等。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01711,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,fact_or_view_sentence,铝,price|supply,铝：中东冲突冲击行业供给，静待海外减产影响向沪铝价格传导,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01712,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,indicator_sentence,铝,supply,行业层面，美伊冲突已导致海外供给出现实质性减产 ，截至目前中东已确认电解铝停产产能达222万吨（约占全球供给3%），在中东冲突仍在,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01713,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0174,fact_or_view_sentence,铝,supply,且由于电解铝工艺特殊性，产能停产后无法短期快速恢复，复产周期往往在6-12个月，且需要,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_085_甘嘉尧，苏湘涵13638655111574.pdf,c2f8e8e08603da80bbe1c3933e7e1b4feaa6e1a68f03bd29799851c6d08b89f3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01714,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,稀土,company,统筹发展与安全，持续增强稀土、稀有金属等战略性矿产竞争优势，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01715,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,稀土,company,化，同时驱动电机采用高性能稀土磁材保障各关节精准运动。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01716,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,稀土|钨|钼,company,方稀土（600111）、洛阳钼业（603993）、厦门钨业（600549）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01717,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,稀土,company,1） 高性能稀土磁材 ............................................................... 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01718,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,铝,supply,图 1 ：国内铝合金产量（万吨） ......................................................... 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01719,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,铝,supply,图 2 ：国内铝材总产量（万吨） ......................................................... 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01720,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,锂,demand,图 12 ：全球锂离子电池出货量（GWh） .................................................. 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01721,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,铜,price,图 13 ：6μm 及 8μm 电池级铜箔价格（万元/吨） ........................................ 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01722,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,稀土,price|company,图 14 ：稀土价格指数（数据截至 4 月 27 日） ............................................ 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01723,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,稀土,price,图 15 ：氧化镨钕价格（元/公斤，数据截至 4 月 27 日） ................................... 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01724,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,稀土,company|project,图 16 ：2025 年全球稀土储量分布情况 .................................................. 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01725,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0175,fact_or_view_sentence,稀土,supply|company,图 17 ：2025 年全球稀土产量占比情况 .................................................. 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_086_许正堃12674695084778.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_086_许正堃12674695084778.pdf,5302c11421ea0e67f4112d57166d494d0bdbe010d774e917e300d95c916d2dcc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01726,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,fact_or_view_sentence,锡,cost,“锡牛”来袭：成本支撑叠加供需错配，看好锡,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01727,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,risk_sentence,锡,supply|risk,品位不及预期、刚果（金）地缘政治因素，导致全球锡供应稳定性存疑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01728,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,fact_or_view_sentence,锡,price|supply,但从进口均价来看，2025 年 11 月以来，缅甸进口锡精矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01729,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,fact_or_view_sentence,锡,demand, 需求端：传统领域稳中有升，AI 浪潮引领全新增长曲线，锡需求呈现结,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01730,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,fact_or_view_sentence,锡,demand,成为消费电子领域新增长点，锡焊料需求量或将迎来快速增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01731,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,fact_or_view_sentence,锡,supply|policy,方面，受益于稳增长政策全面发力，中国 PVC 产量平稳增长，锡化工需,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01732,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,indicator_sentence,锡,demand,2025 年，镀锡板累计出口量同比+16%，海外需求高景气,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01733,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,fact_or_view_sentence,锡,supply, 供应趋紧+顺周期带动，看好锡价中枢系统性上移。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01734,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,risk_sentence,锡,supply|risk,势等因素均对锡价造成较为明显的影响，供给扰动成为主导年内锡价走,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01735,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,fact_or_view_sentence,锡,price,金属整体表现对于锡价影响较大，主导短期价格走势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01736,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,fact_or_view_sentence,锡,inventory,业链库存已基本消耗殆尽，锡金属的实质性短缺开始从供需平衡表走向,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01737,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0178,risk_sentence,锡,supply|risk, 行业评级及投资策略：海外扰动持续，国内锡矿供应无明显增量，传统/,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_089_陈沁一31656375086507.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_089_陈沁一31656375086507.pdf,57acfdce91373aca01445da2700b67654d787c4a2ea0edf29cf7ff68ca9f51ec,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01738,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,铜,supply, 《2026 年海外铜企产量预期同比持平——海,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01739,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,锂,supply|demand, 《需求高增叠加供给约束，锂行业有望长期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01740,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,钴|镍,demand,属需求持续攀升，国际能源署（IEA）预计到 2050 年全球镍、钴需求 将分别,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01741,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,indicator_sentence,钴|镍,supply,（金）占据全球 76%的钴产量 ，印尼则控制了 66%的镍产量 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01742,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,indicator_sentence,铜|钴|镍,supply|demand,大的中下游冶炼产能，但镍、铜、锰、钴的原矿对外依存度均超 70% 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01743,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,钴|稀土,company,布局多金属结核、 富钴结壳、 多金属硫化物及深海稀土等四大深海资源 ， 已成,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01744,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,镍,supply,相比我国，美国电池级硫酸锰和精炼镍 高度依赖进口 ，正推进产业链自 主本,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01745,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,钴,project,对比 USGS《Mineral Commodity Summaries 2025 》陆地储量，钴约 4 倍、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01746,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,铜,demand,图表 11：全球铜供需展望—能源转型重塑需求，远期面临结构性赤字............................................................................................................ 11,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01747,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,钴,supply,图表 13：全球钴供需展望—矿山产能枯竭导致供需缺口.................................................................................................................................... 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01748,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,钴,supply,图表 15：2024 至 2035 钴产量变化，主产国刚果供应大幅缩减....................................................................................................................... 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01749,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0179,fact_or_view_sentence,钴,project,图表 16：钴储量分布，刚果（金）占比达一半.................................................................................................................................................... 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_reports_090_黄梓钊20725055110142.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_reports_090_黄梓钊20725055110142.pdf,fe49fd487c999d177aef73b70639d1e204965c44e46de8115826bd8a93a9fc20,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01750,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,铝|钨,policy,几内亚铝土矿管控政策出台在即，钨价有望反弹,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01751,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,铜|铝|镍|锡,price,"⚫ 重点金属 价格数 据： 本 周上 期所铜、铝、锌、铅、镍、锡 分别收于 105,000 元",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01752,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,indicator_sentence,铝,supply,的铝 土矿 生存 国， 占全 球总 产量的 34%以上 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01753,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,indicator_sentence,铝,supply,大进口国， 2025 年我 国进口 几内亚铝土矿 1.49 亿吨 ，占 总进口量的 74% 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01754,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,铝,price,从 成 本 端 与 情 绪 端 推 动 氧 化 铝 与 电 解 铝 价 格 的 上 涨 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01755,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,铝,price|cost|company,策从成本端的支撑， 或将推动国内电解铝价格的上涨， 建议关注天山铝业、 中,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01756,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,铝,company,国铝业、宏桥控股、云铝股 份 、神火股份。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01757,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,钨,supply,期行情回调带来的泡沫基本出清， 钨矿供应端宽松节奏有所放缓， 市场恐慌抛,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01758,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,钨,price,跃度提升，持 货商挺价意愿 有 所抬头，钨价 在快速下跌后 或 有望反弹，建 议关,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01759,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,铜|铝|镍|锡,price,"本周伦敦 LME 铜、铝、锌 、铅、镍、锡分别 收于 13,612 美元 /吨、3,674",converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01760,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,铜,price,"LME 铜 13,612 -0.41 4.81 9.57",converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01761,ANA-YS-INDUSTRY-001,BATCH-003,SB006,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0180,fact_or_view_sentence,铝,price,"LME 铝 3,674 0.67 5.76 22.65",converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_001_@华立，阎予露13364405115570.pdf,e597a9cfb95890799b88058752a2cf360f1bfda8a9db965b29411c94a54f6b4e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01762,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,镍,policy,►硫磺危机叠加印尼镍矿多项政策影响，镍价持续处于,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01763,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,镍,price,截止到 5 月 29 日，LME 镍现货结算价报收 18875 美元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01764,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,indicator_sentence,镍,price|inventory,吨，较 5 月 22 日上涨 1.75%，LME 镍总库存为 276864 吨，较,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01765,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,镍,price,截止到 5 月 29 日，沪镍报收 144096 元,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01766,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,indicator_sentence,镍,price|inventory,/吨，较 5 月 22 日价格上涨 0.01%，沪镍总库存为 84621 吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01767,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,镍,price,（SHFE）镍主力合约一度跌破 14.1 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01768,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,镍,supply,始，强劲的供应支撑帮助镍价企稳于 14.2 万元/吨上方，之后,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01769,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,镍,policy,受硫磺危机叠加印尼镍矿多项政策影响，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01770,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,镍,supply|demand,衡，以及 MHP 和高冰镍的下游镍盐冶炼厂对高价接受度较,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01771,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,镍,price,低，构成制约价格上涨的核心阻力，预计镍价持续处于多空拉,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01772,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,钴,price,►钴市供需双弱，电钴价格继续维持横盘,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01773,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0181,fact_or_view_sentence,钴,price,氧化钴报收 33.2 万元/吨，较 5 月 22 日价格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_002_@晏溶14220085113997.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_002_@晏溶14220085113997.pdf,5db26e20a5d11e4747b96db42f498b68c1a09fd1eb780d8522fe6ebfe2dcca5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01774,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,fact_or_view_sentence,金,company,相关标的： 山东黄金、 招金矿业、 盛达资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01775,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,risk_sentence,铜,risk,铜：美伊缓和释放铜价压力，铜股修复空间仍在。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01776,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,risk_sentence,铜,supply|demand|risk,但需求端因高铜价及季节性因素偏弱，供给端扰动,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01777,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,fact_or_view_sentence,铜,policy,预期边际减弱，铜价高位震荡为主，后续需关注美关税的影响。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01778,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,fact_or_view_sentence,铜,price,尚未跟随铜价修复至前期高点，后续随着宏观风偏改善及铜价上行，仍有上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01779,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,fact_or_view_sentence,铝,policy,通胀预期仍存，美联储货币政策维持观望，铝价短期区间震,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01780,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,indicator_sentence,铝,demand,需求端，海关数据显示 4 月铝材出口量达 53.57 万吨，环比+ 20.9%、同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01781,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,indicator_sentence,铝,demand,+9.8%， 出口韧性成为当下铝需求核心支撑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01782,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,indicator_sentence,铝,inventory,库存端，SMM 统计电解铝国内社会库存 140.1 万吨， 环比去,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01783,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,fact_or_view_sentence,铝,company,推荐：云铝股份、天山铝业、神火股份；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01784,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,fact_or_view_sentence,铝,company,关标的：中国铝业、中国宏桥、创新实业。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01785,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0182,fact_or_view_sentence,锡,supply,供给端偏紧，但高价压制焊料和电子企业采购，锡价短期震荡为主。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_003_@李鹏飞，@魏雨迪，@刘小华20160445114732.pdf,7926b7b12f711f194aefa1eabdd845dd54785d9bc3115de193795e8bf994aaf5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01786,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,fact_or_view_sentence,铜,company|project,有色金属建设股份有限公司、江西铜业集团有限公司、中国中钢股份有限公司分别持股,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01787,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,fact_or_view_sentence,铜|铝,supply,一方面，电解铝、铜铅锌冶炼等领域高效节能装备推广，有望推动存量产,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01788,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,indicator_sentence,铝,supply,"原铝产量 4,501.6 万吨，同比+2.4% ，",converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01789,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,fact_or_view_sentence,铜|铝|锂|稀土,demand|company,成来自新能源及高端制造领域，铜、铝、锂、稀土等细分品种需求分化，基础工业金属景,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01790,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,fact_or_view_sentence,铜|铝|锂|钴|镍|锡,demand,给、促转型、拓消费、强合作等方面提出举措，其中包括加强铜、铝、锂、镍、钴、锡等,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01791,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,indicator_sentence,铜|铝,supply,对原生资源的替代率超过 50%，再生铜、再生铝国内原料供应占比分别达到 58.4%,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01792,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,fact_or_view_sentence,铜,company,江西铜业集团、中国中钢股份有限公司共同出资组建的国际化工程公司。,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01793,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,fact_or_view_sentence,铜,company,公司成功签订了阿尔马雷克铜渣选厂 EPC、几内亚西芒杜铁矿技术与监理,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01794,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,indicator_sentence,铜|铝|钴|钼,project,服务、洛钼 TFM 铜钴矿中区扩建项目、中铝 西藏金龙 铜矿年产 7200 万吨采选工程设计监,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01795,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0183,fact_or_view_sentence,铜,supply|project,理、土耳其 BOYABAT 铜矿选矿厂设计等项目，业务覆盖矿山、冶金、化工、环保、装备,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/nonferrous_weekly_004_@鲍荣富6541455115149.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_004_@鲍荣富6541455115149.pdf,e724ca606d7a58a1e7f31c21e2c1c07afca45480d9a3d39285ba0a126ca7b851,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01796,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,fact_or_view_sentence,金,company,印度央行抛售黄金，地缘谈判失败，利率和美元高企，流行性紧张，在美伊落谈,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01797,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,fact_or_view_sentence,银,price,国家央行转鹰，白银价格大幅波动，短期盘面或继续震荡。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01798,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,risk_sentence,铝,inventory|demand|risk,★ 震荡 海外几内亚铝土矿端再现扰动，国内铝锭及铝棒社会库存缓慢去化，下游铝加工,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01799,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,fact_or_view_sentence,铝,price|supply,企业开工表现有所分化，铝外强内弱，内盘跟涨外盘。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01800,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,risk_sentence,镍,inventory|demand|risk,★ 震荡 海外印尼镍矿问题再现扰动，而国内镍社会库存仍然处于高位，下游不锈钢产品,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01801,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,fact_or_view_sentence,镍,inventory,呈现出温和去库，镍价短期震荡回升，回调逢低试多。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01802,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,risk_sentence,锂,inventory|risk,扰动， 叠加仓单量持续增加， 持仓量维持低位， 碳酸锂低位调整,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01803,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,indicator_sentence,金|银,price|company,盘面表现：COMEX黄金期货涨0.29%报4519.20，COMEX白银期货涨0.25%报75.44。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01804,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,fact_or_view_sentence,金,company,等央行抛售黄金维持汇率稳定，另外欧美加息预期升温，对市场情绪形成压制。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01805,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,fact_or_view_sentence,金,company,印度央行连续两周内出售约 120 亿美元黄金，以保护外储。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01806,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,risk_sentence,金,risk|company,市场重新评估地缘政治前景，投资者降低对冲突进一步扩大的押注，黄金的“风险溢价”开始被,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01807,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0185,fact_or_view_sentence,金|银,price|company,黄金跌穿关键技术位后，短线资金加速撤离，白银因兼具工业属性而跌幅更大。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_006_侯亚辉，肖艳丽，陈焕温23210385118512.pdf,b8902f66ea37d281d758dba5a85113a79c2e9322ca9ff4d0293bdd72b0afe83c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01808,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,fact_or_view_sentence,银,price,国家央行转鹰，白银价格大幅波动，短期盘面或继续震荡。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01809,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,fact_or_view_sentence,铜,demand|policy,美就业数据超预期，短期美元走强打压铜价，但中长期 AI 需求和美国铜关税双,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01810,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,fact_or_view_sentence,铝,inventory|demand|policy,几内亚铝土矿政策迟迟没有落地，国内铝锭及铝棒社会库存缓慢去化，下游铝加,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01811,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,fact_or_view_sentence,铝,demand,工企 业开 工表 现有 所分 化， 终端 需求 放缓 ，铝 短期 冲高 回落 ，区 间震荡。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01812,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,risk_sentence,镍,inventory|demand|risk,★ 承压 海外印尼镍矿问题再现扰动，而国内镍社会库存仍然处于高位，下游不锈钢产品,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01813,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,fact_or_view_sentence,镍,inventory|demand,呈现出温和去库，需求疲软，镍价短期承压回落。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01814,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,risk_sentence,锂,inventory|risk,扰动， 叠加仓单量持续增加， 持仓量维持低位， 碳酸锂低位调整 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01815,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,indicator_sentence,金|银,price|company,盘面表现：COMEX黄金期货跌1.27%报4462，COMEX白银期货跌3.41%报72.98。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01816,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,fact_or_view_sentence,金,price,晚些时候可能进一步加息的信号，伊核谈判分歧未消，市场情绪承压，带动贵金属收跌。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01817,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,fact_or_view_sentence,金,company,央行连续两周内出售约 120 亿美元黄金，以保护外储。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01818,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,risk_sentence,金,risk|company,评估地缘政治前景，投资者降低对冲突进一步扩大的押注，黄金的“风险溢价”开始被剥离。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01819,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0186,fact_or_view_sentence,银,price,跌穿关键技术位后，短线资金加速撤离，白银因兼具工业属性而跌幅更大。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_007_侯亚辉，肖艳丽，陈焕温23536935118549.pdf,564d793a1814cc3d0e3cbfb5d36d8ab050654a57a10d0e3dfd7709d393bd74b8,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01820,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,indicator_sentence,锂,supply|demand,• 供需： 5月预估碳酸锂总供应143895吨，总需求145730吨，供需差为-1835吨。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01821,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,indicator_sentence,锂,supply|demand,6月预估碳酸锂总供应146875吨，总需求149344,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01822,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,fact_or_view_sentence,锂,inventory|supply|demand,• 库存： 库存方面，SMM数据显示，4月碳酸锂月度库存为61033实物吨，其中下游库存42202实物吨，冶炼厂库存18831实物吨。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01823,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,indicator_sentence,锂,inventory|supply,本周SMM碳酸锂周度库存为99416吨，冶炼厂库存16931吨，正极厂库存43518吨，其他库存（电池厂及贸易商）38967吨。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01824,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,indicator_sentence,锂,inventory,存中，其他库存（大样本）为75194吨，本周碳酸锂大样本库存为135643吨。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01825,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,indicator_sentence,锂,inventory,另，本周百川碳酸锂工厂库存为17435吨。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01826,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,indicator_sentence,锂,price,• 价差： 5月29日电池级碳酸锂现货价格为177500元/吨，较上周环比-0.28%，期货价格为179740元/吨，基差为-2240元/吨。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01827,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,risk_sentence,锂,supply|risk,• 基本面信息1：国内宜春云母矿因采矿权换证停产，津巴布韦锂矿出口扰动，短期供应边际收紧。,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01828,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,fact_or_view_sentence,锂,demand,• 基本面信息2：下游储能需求旺盛，正极与锂电池排产高位，锂价高位回落后下游采购明显增加。,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01829,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,indicator_sentence,锂,price,"数据源：SMM锂辉石精矿价格(6%,CIF中国)",converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01830,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,fact_or_view_sentence,锂,supply,数据源：鑫椤资讯全球碳酸锂产量及增速,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01831,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0187,fact_or_view_sentence,锂,supply,数据源：百川中国碳酸锂周度产量（吨）,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/nonferrous_weekly_008_兰雪37411845114831.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_008_兰雪37411845114831.pdf,0c1b3a84cc4c026780163456a49f333615f31b3488367b1670b7acc1d398494f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01832,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铝,price,年以来的 10 年新低水平，LME 铝现货升水已超 2022 年 3 月记录创近 20 年以来新高，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01833,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铜|铝,inventory,以油、铜、铝为代表的大宗商品在库存缓冲垫持续消耗殆尽之后，供需缺口即将照进,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01834,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铝,price|demand, 铝：LME 铝现货升水或创近 20 年新高，看好出口需求增长下国内铝产业链的投资机,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01835,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铝,inventory,材刚运抵美国，铝真实的供需矛盾被库存掩盖。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01836,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铝,price,进入 6 月，除沪伦价差外，LME 铝现,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01837,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铝,price,吨的 LME 铝现货升水或创自 2007 年 1 月 25 日以来近 20 年新高。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01838,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铝,demand,我们中期看好出口需求增长下国内铝产业链的投资机会。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01839,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,risk_sentence,铜,risk, 铜：宏观压力回落，产业供需向好。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01840,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铜,supply,逐渐传导至海外铜冶炼端，加剧边际减产担忧。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01841,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铜,supply,智利主力铜矿 3 月整体产量同比下降，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01842,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,indicator_sentence,铜,supply,秘鲁发布《能源危机紧急法令》，赞比亚一季度铜产量同比减少 4.27%，铜价在矿端,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01843,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0188,fact_or_view_sentence,铜,supply|demand,带动电缆产量持续增长，以及 AI 算力、新能源等领域扩张，我们仍然看好铜中期需求，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_009_刘洋，陈琪玮18480295117045.pdf,093ebb3913054ac9098570a4cb8a0744a4120a2584fa0541913d35d01f18072a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01844,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,indicator_sentence,稀土,price|company,稀土：氧化镨钕本期价格为68.79 万元/吨， 环比下降7.02%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01845,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,fact_or_view_sentence,稀土,cost|company,土龙头， 供改最大受益者） 、 中稀有色 （低估、 高成长的华南稀土龙头） 、 北方稀土 （轻稀土龙头， 低成本优势显著） 、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01846,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,fact_or_view_sentence,稀土,company,包钢股份（稀土、钢铁双轮供改受益）；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01847,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,indicator_sentence,锡,price,锡：锡锭本期价格为42.39 万元/吨， 环比上涨0.13%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01848,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,fact_or_view_sentence,锡,inventory,我们认为锡锭隐性库存逐步干涸， 因此在宏观流动性回补或科,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01849,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,indicator_sentence,钨,price,钨：钨精矿本期价格42.68 万元/吨，环比下降17.97%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01850,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,indicator_sentence,锑,price,锑：本期锑锭价格为14.90 万元/吨， 环比下降5.70%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01851,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,risk_sentence,锑,supply|demand|risk,锑资源紧缺， 海外大矿减产带来全球供应显著下滑， 需求稳步,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01852,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,fact_or_view_sentence,金|锡,company,高成长或者具备高业绩弹性的资源标的有望充分受益， 建议关注华锡有色、 湖南黄金；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01853,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,indicator_sentence,钼,price,钼：钼精矿本期价格为4980 元/吨，环比下降4.41%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01854,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,indicator_sentence,钼,price,钼铁本期价格30.80 万元/吨，环比下降4.94%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01855,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0189,fact_or_view_sentence,钼,price|inventory|demand,钢招量景气持续，产业链上下游去库，钼价“有量无价”的僵局逐步打破，上涨通道进,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_010_吴晋恺，王钦扬11083515114250.pdf,abff84a04a0d4d5ba5321af610f46f7d940d34dd286c9f5f3b285e44f6e37afc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01856,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,indicator_sentence,铜,price,铜：本周LME 铜价+0.82%到13746.5 美元/吨，沪铜+0.12%到 10.50 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01857,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,fact_or_view_sentence,铜,supply|cost,供应端，据SMM，进口铜精矿加工费周,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01858,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,indicator_sentence,铜,inventory,截至5 月28 日周四，SMM 全国主流地区铜库存环比上周四增加0.1 万吨至24.52 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01859,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,fact_or_view_sentence,铜,supply|demand,消费端， 据SMM， 本周精铜杆开工,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01860,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,fact_or_view_sentence,铜,price|demand,铜价波动左右接单节奏，下游需求随价格回调逐步,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01861,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,fact_or_view_sentence,铜,demand,铜价高位压制下游采购，叠加行业步入季节性淡季，家电需求持续偏弱，漆包线市场交投平淡，本周开机率延,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01862,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,indicator_sentence,铝,price,铝：本周LME 铝价+0.68%到 3681.0 美元/吨， 沪铝-0.96%到 2.43 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01863,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,indicator_sentence,铝,inventory|demand,消费地铝棒库存降至18.15 万吨， 较上周四大幅去化2.4 万吨， 成功回落至20 万吨关口下方。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01864,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,indicator_sentence,铝,supply,据 SMM 数据，截至本周四，全国冶金级氧化铝建成总产能11642 万吨/年，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01865,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,indicator_sentence,铝,price|supply,运行总产能8672 万吨/年，全国氧化铝周度开工率较上周下跌0.71 个百分点至74.49%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01866,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,indicator_sentence,铝,inventory,氧化铝总库存环比增加 11.3 万吨，达到 688.7 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01867,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0190,fact_or_view_sentence,铝,inventory,从库存结构来看，电解铝厂整体原料库存保持稳定，得益于正,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_011_吴晋恺，王钦扬，金云涛24307875114076.pdf,30524fcfa8b9275fbee664207793badb68213ea453eb07ea9309aa54a044f7e9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01868,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,risk_sentence,金,supply|demand|risk,于高需求的情况下，继续进行双边压力测试，对全球电力的供需做出可能预期，并在电力供应进一步受限且需求增加的情况下，对有色金属及贵金属带来的供应端（矿端、,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01869,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,risk_sentence,银,cost|risk,◼ 逻辑主线：气温异常→电力负荷异动｜降水异常→水电异动｜极端天气→电网/新能源扰动｜最终传导：电价+高耗能（有色金属/白银）成本,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01870,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铜|铝,demand,•需求拉动：液冷系统的普及将直接带动铜、铝、不锈钢等基础,converted_text_page_14_sentence_scan,14,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01871,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铝|锡,supply|cost,✓ 供给端：高耗能冶炼（铝/锌/锡）减产的可能性（高电价带来的高成本）、矿端运输受阻（洪涝），进而出现总供给收缩的可能性。,converted_text_page_26_sentence_scan,26,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01872,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铜|铝|银|锡,demand,✓ 需求端：电力设备（铜/铝）、AI液冷（铜/铝）、储能（铜/铝/锌）、光伏/风电（铜/铝/锡/白银）等板块带来的需求扩张,converted_text_page_26_sentence_scan,26,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01873,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铜,supply|demand,年以来强厄期间海外精炼铜产量及消费量预期差,converted_text_page_28_sentence_scan,28,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01874,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铜,supply|demand,年以来强厄期间中国精炼铜产量及消费量预期差（,converted_text_page_28_sentence_scan,28,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01875,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铜,supply,精炼铜产量 1357 1403 1361 1468 1424,converted_text_page_28_sentence_scan,28,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01876,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铜,demand,精炼铜消费量 1563 1629 1659 1707 1740,converted_text_page_28_sentence_scan,28,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01877,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铜,supply,海外精炼铜产量 1507 1500 1491 1510 1498,converted_text_page_28_sentence_scan,28,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01878,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铜,demand,精炼铜消费量 1249 1270 1281 1259 1272,converted_text_page_28_sentence_scan,28,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01879,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0191,fact_or_view_sentence,铜,supply,精炼铜产量 2864 2904 2852 2978 2922,converted_text_page_28_sentence_scan,28,ana-data/cases/有色案例/converted/nonferrous_weekly_012_周小鸥119930995116626.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_012_周小鸥119930995116626.pdf,6ee255f1bd6ba9c7caca0ac414ab7b00360d0a5c3e1e5b896cceb822628cc511,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01880,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,fact_or_view_sentence,铜|铝|锡,price,新湖期货“金湖汇”-有色周度观点（20260 5 31 ） 推荐关注品种： 铜、 铝 、 锡 策略： 回调做多 策略周期： 中 期 本周 有色金属价格 震荡 调整为主 。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01881,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,fact_or_view_sentence,铝,price|policy,本周几内亚将于6月落地铝土矿出口限制 政策 的消息刺激氧化铝价格止跌反弹。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01882,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,fact_or_view_sentence,铝,supply,供给端也多偏弱，除铝外，矿端普遍偏紧的情况未有改变。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01883,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,risk_sentence,铜,risk,具体看： 铜： 目前美伊谈判局势不明，压制市场风险偏好，铜价震荡运行。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01884,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,fact_or_view_sentence,铜,supply,今年以来全球铜矿各种干扰事件不断，使得2026年全球铜矿供应或降至0增速。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01885,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,indicator_sentence,铜,cost,全球铜矿端紧缺格局加剧，铜精矿现货加工费已运行至-100美元/吨以下。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01886,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,fact_or_view_sentence,铜,inventory|demand,且下游库存仍偏低，铜价回落将提振产业补库，铜价下方存支撑。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01887,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,fact_or_view_sentence,铜,demand,中期在AI+电网+新能源提振下，全球铜消费有望保持较高增速。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01888,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,fact_or_view_sentence,铜,price,而且近期CL价差高位运行，美国囤铜预期再起。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01889,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,fact_or_view_sentence,铝,price|inventory,铝： 本周 伦铝再创新高，沪铝短暂反弹后走弱，去库不畅打压国内投资者信心。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01890,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,fact_or_view_sentence,铝,supply,国内供应则趋于平稳，个别铝厂小规模减产市场产量轻微下降。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01891,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0192,risk_sentence,铝,price|supply|risk,短期宏观地缘仍存不确定性，对短期价格有扰动，但海外供应严重短缺的形势下，伦铝仍有望继续走强，并带动沪铝上行。,converted_text_page_unknown_sentence_scan,,ana-data/cases/有色案例/converted/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_013_孙匡文，李瑶瑶13446875115822.docx.docx,06b1be7584b3411325cf1844ea2bf53c910f3946f782467e1593b3d5f7ed8cb2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01892,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,risk_sentence,铜,supply|risk,◆ 供应端扰动大的品种：铜主产国矿山事故、品位下滑、资本开支不足；,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01893,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,fact_or_view_sentence,锡,policy,锡缅甸主产区政策和刚果（金）地区冲突影响较大；,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01894,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,fact_or_view_sentence,铜|铝,price,LME铜波动率 LME铝波动率 LME铅波动率,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01895,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,fact_or_view_sentence,镍,inventory,锌社会库存处于历史同期高位 镍社会库存持续增加,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01896,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,fact_or_view_sentence,铜|铝,inventory,国内铜库存下降，处于历史同期中性位置 铝社会库存高位，但边际走弱 铅社会库存处于历史同期中性位置,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01897,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,fact_or_view_sentence,铝,price|inventory,LME铝持仓库存比 LME铅持仓库存比,converted_text_page_14_sentence_scan,14,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01898,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,fact_or_view_sentence,镍|锡,price|inventory,LME镍持仓库存比 LME锡持仓库存比,converted_text_page_14_sentence_scan,14,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01899,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,fact_or_view_sentence,镍,price,LME锌0-3现货贴水收窄至平水附近 LME镍0-3现货持续处于较大贴水状态,converted_text_page_15_sentence_scan,15,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01900,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,fact_or_view_sentence,铜|铝,price,LME铜0-3现货贴水扩大 LME铝0-3现货升水扩大 LME铅0-3现货贴水收窄,converted_text_page_15_sentence_scan,15,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01901,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,risk_sentence,铝,supply|risk,◆ （1）电解铝的海外供应减量扰动：中东（涉及伊朗、阿联酋、沙特阿拉伯、巴林、卡塔尔、阿曼）电解铝总产量接近可占到全球9.4%左右比重、,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01902,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,indicator_sentence,铝,supply,氧化铝总产量接近可占到3.2%，中东国家电解铝的出口占比偏高 ，多国合计出口占其国内产量的比重接近65.5%，阿联酋、伊朗、巴林出口占,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01903,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0193,fact_or_view_sentence,铝,supply,将较大程度影响到中东以外的铝锭供应市场。,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/nonferrous_weekly_014_季先飞63253775116686.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_014_季先飞63253775116686.pdf,93dc2419e611c082e2148e3c8aea76a2fca823aae5a6276734de04f863d241e9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01904,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,fact_or_view_sentence,镍,price,镍：中东局势反复发酵，镍价承压震荡下跌,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01905,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,fact_or_view_sentence,镍,price,价格方面：本周沪镍主力合约整体呈现区间窄幅震荡的走势，维持在 14.0-14.5 万元 / 吨区间内波动，周涨幅约,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01906,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,fact_or_view_sentence,镍,price,"现货市场方面，本周 SMM1# 电解镍均价报 143,700 元 / 吨，环比上周上涨 190 元 / 吨；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01907,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,fact_or_view_sentence,镍,price,盘面来看，沪镍主力合约周初在14.3万元/吨附近，盘面低开后受美联储加,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01908,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,fact_or_view_sentence,铜|锂|钴|镍,policy,供需：津巴布韦发布《矿产分类与宣言》 ，正式将锂、镍、钴、石墨、铜等14种矿产列为受股权和出口管制的“关,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01909,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,fact_or_view_sentence,镍,supply|cost,新政落地和硫磺供应紧张，MHP及高冰镍流通偏紧，镍矿与冶炼成本支撑增强。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01910,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,fact_or_view_sentence,镍,inventory,当前以消耗前期集中补库带来的库存为主，对高价镍铁接受度有限；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01911,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,fact_or_view_sentence,镍,inventory,与此同时，国内镍库存保持继续累积，对镍价上方空间形成压,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01912,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,indicator_sentence,镍,cost,成本利润：一体化MHP生产电积镍成本159018元/吨，利润-21.60%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01913,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,indicator_sentence,镍,cost,一体化高冰镍生产电积镍成本150956元/吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01914,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,indicator_sentence,镍,cost,外采硫酸镍生产电积镍成本 163295元/吨，利润-12.10%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01915,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0196,fact_or_view_sentence,镍,cost,利润外采MHP生产电积镍成本161417元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_017_师橙，陈思捷，封帆17441085114116.pdf,42eff58f67a0b1c1b1e0811599851995754def9ddda47f87351f78b861bfbb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01916,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0197,fact_or_view_sentence,金,price,从盘中热点来看，两市超过七成个股下跌，其中元件、非金属材料、小金属、贵金属以及,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/nonferrous_weekly_018_张刚5236515116840.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_018_张刚5236515116840.pdf,8b25ce0ccc10a873c7191daba0c5346a1aa37e862d730d5bc69ca7679410a9a3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01917,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,company,稀土：国之重器，供需格局改善行业景气回升,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01918,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,company,稀土： “现代工业维生素” ，不可再生的稀缺性战略资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01919,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,company,在地壳中分布较为分散的一组金属元素， 可分为轻稀土（ 镧、、 、、 、、 、、 、、 、、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01920,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,company,铕、钆）与重稀土镧铽、镝、钬、铒、铥、镱、镥、钪、钇）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01921,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,supply|company,供给：中国主导稀土全产业链，海外补链进程加速。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01922,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,indicator_sentence,稀土,company,量结构：2025 年全球稀土资源共 8500 万吨 REO，中国占比 51.8%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01923,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,supply|company,虽然在过去十年间稀土供应趋于多元， 但中,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01924,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,supply|company,国在全球稀土资源供应仍占据主导地位。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01925,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,supply|policy|company,镧2） 中国供应： 中国稀土政策直接决定全,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01926,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,supply|company,中国长期实行稀土开采及冶炼分离总量控制， 自2024 年起指标增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01927,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,company,2025 年 8 月 22 日，工信部、发改委、自然资源部发布《稀土开,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01928,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0198,fact_or_view_sentence,稀土,supply|company,采和稀土冶炼分离总量调控管理暂行办法》 ，标志着稀土监管全面提级，或在总量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_019_张航20638605117036.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_019_张航20638605117036.pdf,dd89fc634e24ff86efb02ced7be70dc209a8fd305fd9c07b7efef893151c75be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01929,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,fact_or_view_sentence,金,price,加息预期下行 &衰退担忧初起，贵金属价格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01930,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,indicator_sentence,金,price,跌 4.72%，贵金属板块下跌 4.84%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01931,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,fact_or_view_sentence,金,price,贵金属方面，我们认为周初的贵金属价格下杀大概率源于美元宏,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01932,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,fact_or_view_sentence,铜,inventory,铜：Comex加速虹吸非美库存，铜价本周走势偏强。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01933,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,indicator_sentence,铜,price,"沪铜报收105,000 元/吨，周环比上涨0.12%。",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01934,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,indicator_sentence,铜,price|supply|cost,截至5 月29 日，进口铜矿TC进一步下跌至-107 元/吨，再度刷新历史低位，冶炼企业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01935,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,risk_sentence,铜,supply|cost|risk,生产利润承压严重，叠加海外矿山生产扰动不断，原料补给难度加大，整体原生铜供,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01936,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,fact_or_view_sentence,铜,supply|policy,本周受 6 月底美国铜进口关税裁决临近影,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01937,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,fact_or_view_sentence,铜,price|inventory|cost,响，贸易商为规避潜在成本，提前将铜资源从LME 库存运往美国，Comex 加速虹吸全,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01938,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,fact_or_view_sentence,铜,cost,的利润承压将在短期维持，我们预计短期铜价仍震荡偏强，中期则需等待6 月FOMC,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01939,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,fact_or_view_sentence,铝,price,铝：海外现货升水进一步加剧，LME 铝价走势强于沪铝。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01940,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0199,indicator_sentence,铝,price,"铝报收3,674 美元/吨，周环比上涨0.49%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_020_徐毅达10409105117860.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_020_徐毅达10409105117860.pdf,c1691702086feedcfea8bc2bd8719a19cab9a2a6ccb5d4b8249a77652dece1aa,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01941,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,fact_or_view_sentence,铜,price|demand,沪铜 “十五五”城市更新为铜需求提供强支撑，年均需求新增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01942,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,fact_or_view_sentence,铝,price|demand,沪铝 “十五五”城市更新推动铝需求结构性扩容，年均需求新,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01943,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,fact_or_view_sentence,铝,demand,结构、设备外壳大规模用铝，形成持续稳定的基础金属需求。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01944,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,fact_or_view_sentence,铜|铝,demand,新、屋面防水防腐升级，分别对应铝型材、电解铜、镀锌锌材的规模化需求。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01945,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,fact_or_view_sentence,铜|铝,demand,拉动电工铝、线缆铜、不锈钢构件、锌钢防腐材料消费以及推动高强铝合金、耐蚀合金、高,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01946,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,fact_or_view_sentence,铜|铝,demand,下面我们将需求影响较大的金属铜、铝、锌的板块需求拉动 进行详细,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01947,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,indicator_sentence,铜,demand,据测算，“十五五”城市更新对金属铜年均需求增量 171.6 万吨，其中电网升级改造占比,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01948,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,indicator_sentence,铜,demand,74.6%，需求增量占 2025年全国铜需求总量的 11.44%。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01949,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,risk_sentence,铜,demand|risk,需求提供坚实底部支撑，有效对冲传统地产用铜下滑压力，使得国内铜需求进入稳步增长通,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01950,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,fact_or_view_sentence,铜,demand,道，有望带动铜价中长期中枢震荡上移，行业需求韧性显著增强。,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01951,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,indicator_sentence,铝,demand,造和光伏领域，据测算，“十五五”城市更新对金属铝年均需求增量约 268万吨，占 2025年,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01952,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0200,fact_or_view_sentence,铝,demand,“十五五”期间铝行业需求呈现明显的结构性分化 ，其中普通建筑铝型材需求平稳托底，,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_021_方富强，谢灵2895245117439.pdf,588ab8846b7890fdb3ae987279683e25925f4b6341ec61156af7ca8ee12bd79c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01953,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,risk_sentence,金,risk|company,程度的下滑，但中东局势依然没有明确定论，黄金开始筑底震荡的走,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01954,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,risk_sentence,金,price|risk|company,且长期来看缩表可能对美债买盘带来压力，黄金长期上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01955,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,fact_or_view_sentence,金,company,配置盘来看，人民银行 4 月加速增持黄金增强市场信,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01956,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,fact_or_view_sentence,金,company,心，同时波兰央行宣布继续增持黄金，体现配置盘对于黄金长期价值,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01957,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,fact_or_view_sentence,金,company,总体来看，黄金牛市并未结束，等待交易盘抛压后继续增配。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01958,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,fact_or_view_sentence,铝,price|inventory,铝：库存并未出现预期中去化，价格承压。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01959,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,fact_or_view_sentence,铝,inventory,产使得年内电解铝库存居高不下，虽然 4 月铝出口数据强势反弹验证,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01960,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,fact_or_view_sentence,铝,inventory,了海外电解铝短缺的事实是存在的，但国内库存持续高位意味着国内,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01961,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,fact_or_view_sentence,铝,price|inventory|supply,电解铝产量若下降或加速库存去化，从而给予价格向上的动力。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01962,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,risk_sentence,铝,price|supply|risk,几内亚铝土矿供给扰动或带来氧化铝价格的提升，当前氧化铝价格低,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01963,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,fact_or_view_sentence,铝,company,位的情况下，建议配置氧化铝自供率较高的天山铝业等标的。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01964,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0202,fact_or_view_sentence,铜,price,铜：本周铜市多空博弈激烈，价格高位震荡回落。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_023_李帅华，魏欣，杨丰源12817145115401.pdf,27464c9d11927ddbcf83fcfa70027615a0218bd3c8f56a47dafed5436a15b826,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01965,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,risk_sentence,锡,inventory|risk,矿端生产扰动和国内锡锭去库或支撑锡价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01966,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,fact_or_view_sentence,锡,supply,供给端，缅甸佤邦低海拔高品位锡矿区一季度以排水和恢复作业为主而实际采矿推进有限，叠加工业炸药审批进度,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01967,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,indicator_sentence,锡,cost,10000-21000吨），国内锡精矿加工费有所升高或预示供需紧张状态缓解；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01968,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,fact_or_view_sentence,锡,supply,云南及中国（江西）精炼锡产能开工率较上周,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01969,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,fact_or_view_sentence,锡,demand|cost,需求端，锡价走高或抑制国内下游采购意愿，但是美国科技巨头26年一季度财报利润超预期引导人工智能等领域乐,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01970,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,fact_or_view_sentence,锡,inventory,库存端，上期所精炼锡库存量较上周减少；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01971,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,fact_or_view_sentence,锡,price|inventory|demand,领域存乐观需求预期，国内精炼锡社会库存量趋降，或使沪锡价格有所反弹。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01972,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,risk_sentence,锡,risk,关注380000-400000附近支撑位及445000-475000附近压力位，伦敦锡,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01973,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,risk_sentence,锡,price|risk,沪锡基差为负且基本处于合理区间，月差为负且基本处于合理区间，而这源于缅甸佤邦锡矿复产不及预期使国内锡,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01974,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,fact_or_view_sentence,锡,inventory,矿供需紧平衡，但是通胀反弹担忧引导美联储等多国央行加息预期，海内外精炼锡总库存量环增且仍处高位，建议投资,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01975,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,fact_or_view_sentence,锡,price,者暂时观望沪锡基差和月差的套利机会。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01976,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0203,fact_or_view_sentence,锡,price,沪锡近月 -连一 沪锡连一 -连二 沪锡连一 -连三 沪锡连二 -连三,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/nonferrous_weekly_024_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_024_王文虎25165655115927.pdf,7010132999022bdd3771f9c6e2b8e1aef5a87867483c92ee393d2da3e10def71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01977,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,policy,几内亚排除实施出口禁令或配额制但是将于6月推出铝土矿出口调控政策，国产(几内亚和澳洲)铝土矿,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01978,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,price|supply|cost,价格较上周下降(升高、升高)，使国产铝土矿产氧化铝生产利润为正但部分进口铝土矿产氧化铝生产利润为,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01979,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,inventory|supply,中国氧化铝产能开工率(生产量)较上周下降(增加)，使上期所氧化铝日度库存量较上周减少，中国氧化,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01980,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,inventory,铝厂氧化铝库存量较上周增加，中国氧化铝在途和站台堆积周度库存量较上周增加，中国电解铝厂氧化铝库,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01981,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,inventory,存量较上周增加，全国氧化铝总库存量较上周增加；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01982,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,supply|project,印尼新建氧化铝产能投产持续爬坡，海湾国家原本进口,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01983,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,supply,的氧化铝流向国际市场，使海外氧化铝供给量增加。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01984,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,supply|demand|project,因此，国内上半年氧化铝新增产能投产预期较多，中东铝厂减停产对海外氧化铝需求减少，但是几内亚,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01985,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,price|policy,政府计划6月推出铝土矿出口调控政策，或使氧化铝价格有所反弹。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01986,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,risk_sentence,铝,risk,投资策略（氧化铝）：短线轻仓逢低试多主力合约，关注2400-2600附近支撑位及2930-3140附近压力位。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01987,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,indicator_sentence,铝,supply,供给端，印尼与越南及欧美大量新增或停产产能在二三季度满复产，但是中东超200万吨电解铝产能被,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01988,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0204,fact_or_view_sentence,铝,supply,中国电解铝产能开工率(生产量)较上周持平(持平)，,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/nonferrous_weekly_025_王文虎47888595115928.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_025_王文虎47888595115928.pdf,40dc8eda7ea033793ec9df58a282434aacc4171ab81d1ecab6a4e06164b322b1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01989,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0205,fact_or_view_sentence,金|稀土,price|company,有色金属 嘉实中证稀土产业ETF 永赢中证沪深港黄金产业股票ETF 嘉实中证稀有金属主题ETF 鹏华国证有色金属行业ETF,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/nonferrous_weekly_026_缪铃凯11911895113953.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_026_缪铃凯11911895113953.pdf,bd3f8c7f4e16fd0b470304e2b1106c81453bec4bf57b1e471dea40d851f79018,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01990,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,indicator_sentence,金,price,块下跌2.45%，小金属板块下跌3.01%，能源金属板块下跌6.46%，贵金属板块,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01991,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,fact_or_view_sentence,金,price|company,加息预期，叠加地缘局势持续发酵，致使黄金价格承压。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01992,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,fact_or_view_sentence,金|银,price|company,黄金价格收于4569.90美元/盎司，较5月初下跌55.7美元，COMEX白银价格收,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01993,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,fact_or_view_sentence,金,price|company,于75.59元/盎司，较5月初下跌0.25美元，上海黄金交易所黄金Au（T+D）价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01994,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,risk_sentence,铜|铝,supply|policy|risk,基本面看，工业金属铜铝等供给侧扰动延续，美国进口铜关税政,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01995,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,fact_or_view_sentence,铝,policy,策预期升温，几内亚计划于6月出台政策对铝土矿进行管控；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01996,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,fact_or_view_sentence,铜|铝,demand,算力需求增加，铜的新增需求不断提升，铝下游新能源汽车、机器人等领域,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01997,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,indicator_sentence,铜|铝,price,LME铜价收于13611.50美元/吨，LME铝价收于3674美元/吨，LME铅价收于,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01998,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,indicator_sentence,镍,price,2011.50美元/吨，LME锌价收于3543.50美元/吨，LME镍价收于18955美元/吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-01999,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,fact_or_view_sentence,锂,price,截至5月29日，碳酸锂期货价格收于17.97,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02000,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,fact_or_view_sentence,钴,price,钴现货价格收于42.38万元/吨，较5月初上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02001,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0206,fact_or_view_sentence,锂,company,建议关注赣锋锂业（002460）、天齐锂业（002466）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_027_许正堃9816875115919.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_027_许正堃9816875115919.pdf,b08036dc7a7a4fbd2dc9ff8a04de9b774df2c9be91ada7d5e0ec68082f0d23e0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02002,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,稀土,price|company,多因素共振或推动稀土涨价，重视 AI,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02003,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,稀土,inventory|supply|demand|company,新材料板块：1） 稀土方面， 供给硬约束+海内外需求提振+库存低位，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02004,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,稀土,policy|company,见稿)》公开征求意见，北部湾规划拟对稀土等金属收储，强调战略,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02005,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,稀土,demand,26 年磁材需求或切换为海外+出口需求高增， 预计,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02006,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,稀土,demand|company,下半年稀土永磁等出口需求加速， 伴随内需旺季将至， 看好下游持续,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02007,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,铜,demand,酸钡）、M9 铜箔、钽金属、氧化镝（MLCC 需求提振）等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02008,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,铜|铝|锂|稀土|锡|钨|钼|锑,company,看，我们持续看好稀土金银铜铝锡钨钼锑锗镓钽铌铀铼锂等金属。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02009,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,金,price,有所升温制约贵金属价格表现， 但考虑到美元信用担忧仍存， 看好金,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02010,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,银,inventory,白银供需基本面仍然偏紧， 持续处在低库存状态，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02011,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,金,company,建议关注： 赤峰黄金、山金国际、中金黄金、山东黄金、湖南黄金、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02012,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,indicator_sentence,铜,price,"铜： 本周 LME 铜收报 13611.5 美元/吨,环比上周-0.17%,沪铜收报",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02013,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0207,fact_or_view_sentence,铜,price|supply,据SMM， 供给端， 沪铜现货维持贴水,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_028_贾宏坤，周古玥12825835114388.pdf,04a270fe1c58f42481da8f5af0dbfb41486fa7f0b05e2a79447b4000d47de9ee,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02014,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,risk_sentence,铜|铝,supply|risk,铜铝进口加税预期有所升温，供应端扰动炒作增强。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02015,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,fact_or_view_sentence,铝|镍,price,金属上方高度，继续关注铝镍低吸短多机会（或考虑卖出虚值看跌期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02016,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,fact_or_view_sentence,铜,policy,铜观点：美国调整进⼝铜关税制度，铜价偏强震荡。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02017,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,fact_or_view_sentence,铝,supply,氧化铝观点：供应压⼒仍存，氧化铝价震荡回落。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02018,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,fact_or_view_sentence,铝,price,铝观点：供需有所改善，价格有所回升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02019,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,fact_or_view_sentence,铝,price|cost,铝合⾦观点：成本⽀撑延续，价格⼩幅回升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02020,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,risk_sentence,镍,supply|risk,镍观点：镍价偏强运⾏，关注供应扰动演变。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02021,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,fact_or_view_sentence,铜,policy,铜观点：美国调整进⼝铜关税制度，铜价偏强震荡,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02022,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,indicator_sentence,铜,cost,（2）据上海钢联数据，6月2日25%铜精矿现货TC为-107.2美元/干吨，环比-1美元/干,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02023,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,fact_or_view_sentence,铜|铝,supply,（3）据新浪财经消息，白宫官网发布总统令，旨在进一步调整进口铝、钢和铜的关,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02024,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,fact_or_view_sentence,铜|铝,supply|policy,主要逻辑：近期美国进一步调整进口铝、钢和铜的关税制度，市场关于美国对精炼铜,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02025,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0209,fact_or_view_sentence,铜,price|policy,加征关税的担忧再起，COMEX与LME铜的价差再次回升，美国虹吸作用持续，对铜价支,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf.txt,ana-data/cases/有色案例/raw/nonferrous_weekly_030_郑非凡，王雨欣，王美丹42476355117129.pdf,fe517c3cff4686743b074ce8a8b6915f8100e629d7a1ace1335f1edb9ca0d38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02026,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,company,是指含有稀土元素的天然矿物及其集合体,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02027,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,company,稀土元素是稀土资源中具有核心价值的化学组成部分,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02028,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,company,半径处于重稀土离子半径序列、化学性质贴近，且自然中共生，,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02029,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,company,重稀土原子序数高、质量大，在高端科技领域，,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02030,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,company,稀土资源的使用历史可分为三个主要阶段,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02031,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,supply|company,在稀土开采和冶炼方面取得了一定的进展,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02032,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,company,稀土在高新技术领域的应用不断拓展和深化,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02033,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,company,研究后，将其命名为“稀土”，标志着人类对稀土的初步认知。,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02034,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,company,随着科技的进步，特别是在电子、磁性材料等领域的技术突破，稀土的重要性逐渐凸,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02035,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,company,例如，稀土永磁材料的出现，使得电机、扬声器等设备的性能得到了大幅提升。,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02036,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,demand|company,这一时期，全球对稀土的需求开始增长，中国的稀土产业也逐渐起步。,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02037,ANA-YS-INDUSTRY-001,BATCH-003,SB007,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0210,fact_or_view_sentence,稀土,supply|company,的稀土资源，在稀土开采和冶炼方面取得了一定的进展，但整体技术水平仍相对落后，,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_001_111152655113147.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_001_111152655113147.pdf,7299caeb0869e18e243423455be20f7895f05649dd23696eaf5c18d76843c4be,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02038,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0211,fact_or_view_sentence,钨,demand,全球钨产品消费主要聚集于欧美日韩等科技,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/rare_minor_metals_002_37844265119336.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_002_37844265119336.pdf,2957feeb5e8155cb26739e49d8477fe18eda3f0bd597a3f0ef42af1324be6ed6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02039,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0211,fact_or_view_sentence,钨,price,日本从我国钨产品第一大出口目的地跌落至第五位,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/rare_minor_metals_002_37844265119336.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_002_37844265119336.pdf,2957feeb5e8155cb26739e49d8477fe18eda3f0bd597a3f0ef42af1324be6ed6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02040,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0211,risk_sentence,钨,risk,我国出口至韩国的钨产品数量及金额持续下滑,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/rare_minor_metals_002_37844265119336.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_002_37844265119336.pdf,2957feeb5e8155cb26739e49d8477fe18eda3f0bd597a3f0ef42af1324be6ed6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02041,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0211,fact_or_view_sentence,钨,price,这一增长的核心驱动力源于钨产品高端品类出口占比提升以及国际钨价格大幅上涨,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/rare_minor_metals_002_37844265119336.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_002_37844265119336.pdf,2957feeb5e8155cb26739e49d8477fe18eda3f0bd597a3f0ef42af1324be6ed6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02042,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0211,risk_sentence,钨,risk,年我国对荷兰出口钨产品数量及金额大幅下滑,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/rare_minor_metals_002_37844265119336.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_002_37844265119336.pdf,2957feeb5e8155cb26739e49d8477fe18eda3f0bd597a3f0ef42af1324be6ed6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02043,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0211,fact_or_view_sentence,钨,supply,资源管控优势优化全球钨产品供给格局，减少低端原料外流，保障国内高端产业链原料供给。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/rare_minor_metals_002_37844265119336.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_002_37844265119336.pdf,2957feeb5e8155cb26739e49d8477fe18eda3f0bd597a3f0ef42af1324be6ed6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02044,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0211,fact_or_view_sentence,钨,supply,能钨材、钨基功能材料等高端产品产能与品质持续提升，逐步替代低端原料出口份额。,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/rare_minor_metals_002_37844265119336.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_002_37844265119336.pdf,2957feeb5e8155cb26739e49d8477fe18eda3f0bd597a3f0ef42af1324be6ed6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02045,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0211,fact_or_view_sentence,钨,demand|project,中南美、非洲等新兴市场基础设施建设和工业制造产业的快速发展，对中高端钨制品的需求将持续释,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/rare_minor_metals_002_37844265119336.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_002_37844265119336.pdf,2957feeb5e8155cb26739e49d8477fe18eda3f0bd597a3f0ef42af1324be6ed6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02046,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,fact_or_view_sentence,铜|钼,project,《洛阳钼业（603993.SH）-完成金矿收购，铜产品量价齐增》 —,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02047,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,fact_or_view_sentence,钼,supply,《洛阳钼业（603993.SH）-主力矿山降本增效，扩产计划稳步推,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02048,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,fact_or_view_sentence,钼,supply,《洛阳钼业（603993.SH）-主力矿山满产超产，扩产计划稳步推,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02049,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,fact_or_view_sentence,铜|钼,supply,《洛阳钼业（603993.SH）-主力矿山满产，铜板块量价齐增》 —,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02050,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,fact_or_view_sentence,铜|钴|钨,price|company,公司盈利增长主因铜、钴、钨等金属价格上涨，叠加铜、钴产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02051,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,fact_or_view_sentence,铜|钴|钨,price|cost,铜钴业务是盈利主体，钨价上涨增厚利润。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02052,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,indicator_sentence,铜,supply|company,2025 年公司铜产量 74.1 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02053,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,indicator_sentence,钴,company,2025 年公司生产钴 11.8 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02054,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,indicator_sentence,钴,policy,居全球首位，销售 5.1 万吨，因刚果金政府实行钴出口配额政策。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02055,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,indicator_sentence,铜|钴,price|cost,钴价格上涨，2025 年铜钴板块毛利润达 343 亿元，同比增加 103 亿元，占公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02056,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,indicator_sentence,钨,supply|cost|company,毛利润 16 亿元，同比增加 4 亿元，2026 年以来钨价续创新高，公司产量指,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02057,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0212,fact_or_view_sentence,金,company,报告期内公司正式布局黄金业务，2025 年 6 月公司以 5.81 亿加元完成对世,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_003_@刘孟峦，@焦方冉2803165060429.pdf,edc81662d53c9c505d158c9a9013ce18b0f57917ad03c101f8b62b171dbb90d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02058,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,fact_or_view_sentence,钼,company,优于大市金钼股份（601958.SH）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02059,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,fact_or_view_sentence,钼,company,公司掌控世界六大原生钼矿床之一的金堆城,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02060,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,indicator_sentence,钼,company,东为金钼集团，持有公司 72.36%股权，实际控制人为陕西省国资委。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02061,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,indicator_sentence,钼,supply|company,对回收率的估算，我们测算公司核心并表矿山金堆城钼矿（100%）和东沟钼,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02062,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,indicator_sentence,钼,supply,矿（65%）年矿产钼金属 2.3 万吨左右，计算权益产量约为 1.9 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02063,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,indicator_sentence,钼,company,公司参股天池钼业季德钼矿（18%），年产钼精矿折钼金属约 8000 吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02064,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,indicator_sentence,钼,project,沙坪沟钼矿（34%），目前探明沙坪沟钼矿钼金属资源量约 210 万–246 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02065,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,fact_or_view_sentence,钼,supply,行业：三年内供应增长有限，含钼钢材加速渗透。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02066,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,indicator_sentence,钼,supply,2025 年全球钼市场呈现小幅过剩格局，全球钼产量约 30.7 万吨钼，同比增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02067,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,indicator_sentence,钼,demand,全球钼消费量约 30.3 万吨，同比增加 4.5%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02068,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,fact_or_view_sentence,钼,demand,域钼需求将保持稳健增长，有力支撑钼行业维持向好态势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02069,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0213,risk_sentence,铜|钼,risk|project,风险提示：国内外钼矿/铜钼伴生矿集中超预期投产，钼价下行风险；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_004_@刘孟峦，谷瑜13370575066157.pdf,df8774faf39ca4321c971d841eed1381322fa8179bfdc1db8c484da261a16be6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02070,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,fact_or_view_sentence,稀土|钨|钼,company,发轫于 1958 年，现已形成钨钼、稀土、能源新材料三,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02071,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,indicator_sentence,钨,price,司受益于钨价上涨，2025 年实现归母净利 23.1 亿元，同比+33.6%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02072,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,indicator_sentence,钨,price,钨价飙升，均价高达 74 万元/吨，净利大幅增长 183.1%达到 11.1 亿元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02073,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,indicator_sentence,钨|钼,company,考虑权益比例计算，钨钼上游子公司对净利贡献为 8.4 亿元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02074,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,fact_or_view_sentence,钨,demand|company,下游端，子公司包括厦门金鹭、厦门虹鹭等，其中厦门金鹭主营钨粉、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02075,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,indicator_sentence,钨|钼,demand|company,考虑权益比例计算，钨钼下游子公司对净利贡献为 12.6 亿元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02076,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,fact_or_view_sentence,稀土,company,务和电池材料方面，金龙稀土主营稀土氧化物、稀土金属、磁性材料和,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02077,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,fact_or_view_sentence,稀土,company,发光材料等稀土精深加工以及稀土功能材料。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02078,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,fact_or_view_sentence,稀土,company,考虑权益比例计算，稀土子公司和电池材料子公司对净利贡献分别为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02079,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,fact_or_view_sentence,钨,supply|company, 公司在产自有矿山包含①宁化行洛坑钨矿，隶属于子公司宁化行洛,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02080,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,indicator_sentence,钨|钼,company,坑钨矿有限公司，权益比例 98.95%，②都昌阳储山钨钼矿，隶属于,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02081,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0214,indicator_sentence,钨|钼,company,子公司江西都昌金鼎钨钼矿业有限公司，权益比例 100%，③洛阳豫,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_005_@刘孟峦，谷瑜14619565117263.pdf,9ff9ea5e95de701eac4d35af7ef3dc6e0e0848248547cb33ff58dd041625f4f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02082,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,fact_or_view_sentence,金,company,优于大市湖南黄金（002155.SZ）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02083,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,fact_or_view_sentence,金|钨|锑,supply|company,公司主要从事黄金锑钨等有色金属矿山的开采、选矿、冶炼、加工，黄金、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02084,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,fact_or_view_sentence,锑,company,精锑的深加工及有色金属矿产品的进出口业务等，公司主要产品为标准金,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02085,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,fact_or_view_sentence,金,company,公司直接控股股东是湖南黄金集团，实控人湖南省国资委。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02086,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,fact_or_view_sentence,金|钨|锑,company,司（辰州、黄金洞、新龙），1 家控股子公司（中南锑钨）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02087,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,fact_or_view_sentence,金|锑,company|project,采黄金、锑、绢云母及其他有色金属、矿产品收购、销售。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02088,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,indicator_sentence,锑,price,同比+80.3%，实现归母净利 14.9 亿元，同比+75.8%，上涨原因系金锑,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02089,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,indicator_sentence,钨|锑,cost,实现净利润 11.7 亿元，旗下包含沅陵沃溪金锑钨矿、安化渣滓溪锑矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02090,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,fact_or_view_sentence,金,supply|company,另外，主营矿山采选等业务的黄金洞矿业和新龙,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02091,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,indicator_sentence,金,supply|company,入有望助力公司黄金产量达到 10 吨，形成公司新的增长来源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02092,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,indicator_sentence,锑,supply,近年来全球锑矿产量维持在 10-12 万吨，较 2008 年峰值接近 20 万吨和,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02093,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0215,fact_or_view_sentence,锑,demand,锑用途广泛，阻燃、催化稳健发展，光伏需求快速攀升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_006_@刘孟峦，谷瑜18572395069777.pdf,7018464ed5b17cdc637f0bedf8f884dea6b03bb5cd9f59dadd951b5550e009d5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02094,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,金,company,黄金 2026 年 04 月 14 日,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02095,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,金,company,湖南黄金（002155）2025 年报点评,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02096,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,金,company, 金价上行带动公司全年业绩大幅提升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02097,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,金,price|company,2025 年，黄金均价 797 元/克，同比上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02098,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,indicator_sentence,锑,price,国内锑(1#)平均报价 18.14 万元/吨，同比增长 40%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02099,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,金,cost|company,比重增加，公司总体毛利率减少 1.71 个百分点，其中黄金毛利率减少 0.96 个,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02100,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,锑,cost,百分点，精锑毛利率增加 6.64 个百分点，含量锑毛利率减少 12.06 个百分点，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02101,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,钨|锑,cost,氧化锑毛利率增加 15.22 个百分点，乙二醇锑毛利率增加 10.62 个百分点，钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02102,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,金,company,但受益于金价上行， 公司全年黄金销售收入占,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02103,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,锑,supply|company, 公司 2025 年自产金锑产品产量略有下降。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02104,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,fact_or_view_sentence,金,company,"2025 年，公司共生产黄金 61,382 千",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02105,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0216,indicator_sentence,金|锑,supply|company,其中黄金产量 完成年计划 84.69%，锑品 产量完成年计划,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_007_@刘岗，李梦娇6579595064796.pdf,97e012c85db13e6feb958833b7d8136b36d2a7312f916d7f1d9d1d1cb772b38d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02106,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,铝|钨,policy,几内亚铝土矿管控政策出台在即，钨价有望反弹,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02107,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,铜|铝|镍|锡,price,"⚫ 重点金属 价格数 据： 本 周上 期所铜、铝、锌、铅、镍、锡 分别收于 105,000 元",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02108,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,indicator_sentence,铝,supply,的铝 土矿 生存 国， 占全 球总 产量的 34%以上 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02109,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,indicator_sentence,铝,supply,大进口国， 2025 年我 国进口 几内亚铝土矿 1.49 亿吨 ，占 总进口量的 74% 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02110,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,铝,price,从 成 本 端 与 情 绪 端 推 动 氧 化 铝 与 电 解 铝 价 格 的 上 涨 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02111,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,铝,price|cost|company,策从成本端的支撑， 或将推动国内电解铝价格的上涨， 建议关注天山铝业、 中,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02112,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,铝,company,国铝业、宏桥控股、云铝股 份 、神火股份。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02113,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,钨,supply,期行情回调带来的泡沫基本出清， 钨矿供应端宽松节奏有所放缓， 市场恐慌抛,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02114,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,钨,price,跃度提升，持 货商挺价意愿 有 所抬头，钨价 在快速下跌后 或 有望反弹，建 议关,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02115,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,铜|铝|镍|锡,price,"本周伦敦 LME 铜、铝、锌 、铅、镍、锡分别 收于 13,612 美元 /吨、3,674",converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02116,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,铜,price,"LME 铜 13,612 -0.41 4.81 9.57",converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02117,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0217,fact_or_view_sentence,铝,price,"LME 铝 3,674 0.67 5.76 22.65",converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_008_@华立，阎予露13364405115570.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_008_@华立，阎予露13364405115570.pdf,1ba9b91985e78d6cf1deaae32ca0beb37a2c7ab184282b6c574fc10d45c05d5f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02118,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0218,fact_or_view_sentence,钨,company,2026 年 3 月 17 日，Almonty 公司在韩国江原道桑东钨矿（简,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_009_@晏溶5146395112427.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_009_@晏溶5146395112427.pdf,00eced256f782d1f3d0fbf8914424ca7473b4cc25d9bccc59ed28b74f45aec84,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02119,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0218,fact_or_view_sentence,钨,supply,钨矿之一，预计将成为西方工业和国防供应链的重要安全供应,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_009_@晏溶5146395112427.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_009_@晏溶5146395112427.pdf,00eced256f782d1f3d0fbf8914424ca7473b4cc25d9bccc59ed28b74f45aec84,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02120,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0218,fact_or_view_sentence,钨,company,业利益相关者的战略联盟，并使其更接近公司的 Gentung 钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_009_@晏溶5146395112427.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_009_@晏溶5146395112427.pdf,00eced256f782d1f3d0fbf8914424ca7473b4cc25d9bccc59ed28b74f45aec84,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02121,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,fact_or_view_sentence,镍,supply,►印尼 RKAB 近期未有新批复公布，供应担忧对镍矿价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02122,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,fact_or_view_sentence,镍,price,截止到 12 月 12 日，LME 镍现货结算价报收 14420 美元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02123,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,indicator_sentence,镍,price|inventory,吨，较 12 月 5 日下跌 2.04%，LME 镍总库存为 253032 吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02124,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,fact_or_view_sentence,镍,price,沪镍报收 11.57 万元/吨，较 12 月 5,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02125,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,indicator_sentence,镍,price|inventory,"日下跌 1.71%，沪镍库存为 44,677 吨，较 12 月 5 日增加",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02126,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,fact_or_view_sentence,镍,company,镍产业链整体的直接影响有限，但反映出印尼政府海事与矿业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02127,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,fact_or_view_sentence,镍,price|policy,确定性以及配额减少的预测，后市镍矿价格或形成底部支撑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02128,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,fact_or_view_sentence,钴,price,硫酸钴报收 9.02 万元/吨，较 12 月 5 日价格上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02129,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,fact_or_view_sentence,钴,price,四氧化三钴报收 367 元/千克，较 12 月 5 日价格上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02130,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,fact_or_view_sentence,钴,supply,根据 USGS 数据，2024 年全球钴矿产量 29.0 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02131,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,fact_or_view_sentence,钴,policy,刚果金政府现已明确 2025-2027 年钴出口基础配额分别,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02132,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0219,indicator_sentence,钴,supply,口，约减少 16.52 万吨出口供给，占 2024 年全球钴产量的,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_010_@晏溶，熊颖13309334952716.pdf,ce04eefbbdccf9c80f3d11c3a0af5ddb9160d759ab920b9ae2edfd45559e932f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02133,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,锂|钴|钨|锑,price,碳酸锂价格短期或震荡运行，继续推荐锑钴钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02134,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,镍,price,►印尼 RKAB 审批仍未有明确消息，对镍矿价格或有支,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02135,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,镍,price,"截止到 12 月 5 日，LME 镍现货结算价报收 14,720 美元/",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02136,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,indicator_sentence,镍,price|inventory,"吨，较 11 月 28 日上涨 0.41%，LME 镍总库存为 253,116 吨，",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02137,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,镍,price,沪镍报收 11.77 万元/吨，较 11 月,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02138,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,indicator_sentence,镍,price|inventory,"28 日上涨 0.44%，沪镍库存为 42,508 吨，较 11 月 28 日增加",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02139,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,镍,company,镍产业链整体的直接影响有限，但反映出印尼政府海事与矿业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02140,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,镍,price|policy,确定性以及配额减少的预测，后市镍矿价格或形成底部支撑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02141,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,钴,supply,►上游供应仍旧偏紧，供需格局对钴价有支撑,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02142,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,钴,price,硫酸钴报收 8.85 万元/吨，较 11 月 28 日价格上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02143,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,钴,supply,根据 USGS 数据，2024 年全球钴矿产量 29.0,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02144,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0220,fact_or_view_sentence,钴,policy,刚果金政府现已明确 2025-2027 年钴出口基础配额分,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_011_@晏溶，熊颖13375744945998.pdf,ba734a0c99f1932e086c211b243fb15fe1ad57d3f4af3bf5919bd0cdcb557bfb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02145,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,fact_or_view_sentence,锂|锑,price,碳酸锂价格短期或维持震荡走势，推荐关注锑,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02146,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,fact_or_view_sentence,镍,supply|project,►印尼某园区部分镍中间品项目减产导致市场整体供应,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02147,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,fact_or_view_sentence,镍,price,截止到 11 月 21 日，LME 镍现货结算价报收 14280 美元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02148,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,indicator_sentence,镍,price|inventory,吨，较 11 月 14 日下跌 2.66%，LME 镍总库存为 253950 吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02149,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,fact_or_view_sentence,镍,price,沪镍报收 11.44 万元/吨，较 11 月,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02150,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,indicator_sentence,镍,price|inventory,"14 日下跌 2.60%，沪镍库存为 39,795.00 吨，较 11 月 14 日增",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02151,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,fact_or_view_sentence,镍,supply,源部（ESDM）计划下调 2026 年镍产量目标，此举是继工业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02152,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,fact_or_view_sentence,镍,inventory|supply,HPAL 冶炼厂的镍矿采购量仍有小幅提升，但其库存水平目前,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02153,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,fact_or_view_sentence,钴,price,►本周电解钴价格环比上涨，供需格局对钴价有支撑,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02154,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,fact_or_view_sentence,钴,price,硫酸钴报收 8.84 万元/吨，较 11 月 14 日价格持,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02155,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,fact_or_view_sentence,钴,price,四氧化三钴报收 354.5 元/千克，较 11 月 14 日价格持平。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02156,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0221,indicator_sentence,钴,supply,根据 USGS 数据，2024 年全球钴矿产量 29.0 万吨，同比增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_012_@晏溶，熊颖14309684933768.pdf,b95e2652e0b022aa32c22ff226bd8c6547bfee2a505a6da66735ceaeb986eb82,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02157,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,fact_or_view_sentence,锂,price,碳酸锂价格短期或维持震荡，战略金属价值重,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02158,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,fact_or_view_sentence,镍,price,"截止到 11 月 28 日，LME 镍现货结算价报收 14,660 美元/",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02159,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,indicator_sentence,镍,price|inventory,"吨，较 11 月 21 日上涨 2.66%，LME 镍总库存为 254,760 吨，",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02160,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,fact_or_view_sentence,镍,price,沪镍报收 11.72 万元/吨，较 11 月,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02161,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,indicator_sentence,镍,price|inventory,"21 日上涨 2.42%，沪镍库存为 40,782 吨，较 11 月 21 日增加",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02162,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,fact_or_view_sentence,镍,price|policy,的 RKAB配额不确定性以及配额减少的预测，后市镍矿价格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02163,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,fact_or_view_sentence,钴,supply,►市场供应偏紧格局延续，供需格局对钴价有支撑,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02164,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,fact_or_view_sentence,钴,supply,根据 USGS 数据，2024 年全球钴矿产量 29.0,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02165,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,fact_or_view_sentence,钴,policy,刚果金政府现已明确 2025-2027 年钴出口基础配额分,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02166,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,indicator_sentence,钴,supply,出口，约减少 16.52 万吨出口供给，占 2024 年全球钴产量的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02167,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,indicator_sentence,钴,supply,约占 2024 年全球钴产量的 43%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02168,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0222,fact_or_view_sentence,钴,supply,以及当年存在的供需缺口，钴供给将随着时间迁移愈来愈紧,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_013_@晏溶，熊颖14574184939982.pdf,de161868cc37d5d196d97f9a6175254330dd283e5f64fb32b30abe08c274eab4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02169,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,fact_or_view_sentence,锂|钼,company,国城矿业覆盖报告：以钼为核，以锂为矛，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02170,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,fact_or_view_sentence,锂|钼,company, 公司完成布局锂矿、钼矿、铅锌、钛白粉四大业务，股权结构较为集中,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02171,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,indicator_sentence,银,company|project,2021年，国城矿业完成宇邦矿业 65%股权收购，正式布局白银业务。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02172,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,indicator_sentence,锂,company,通过国城常青间接持有金鑫矿业48%股权，布局锂矿业务。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02173,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,indicator_sentence,钼,company|project,上市公司完成宇邦矿业 65%股权出售，并于年底完成国城实业 60%股权收购，正式并表钼矿业务。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02174,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,fact_or_view_sentence,锂|钼,company,至此，公司基本完成铅锌、钛白粉、锂矿、钼矿四大业务,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02175,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,fact_or_view_sentence,锂|钼,cost|company|project, 钼矿注入改善公司利润，后续利润有望受益于锂矿项目推进持续释放,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02176,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,indicator_sentence,钼,supply|company,受益于钼矿并表及钛白粉产量大幅提升 ，公司营业收入同比大幅增长 150.60%至48.06亿元。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02177,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,indicator_sentence,锂,project,目前，马尔康党坝锂辉石矿 5000吨/天选矿厂改扩建项目已进入试生产阶段 ，在目前锂价高位运行的,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02178,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,fact_or_view_sentence,锂,cost|company|project,背景下，随着公司锂矿扩建项目的稳步推进，公司利润有望得到进一步增厚。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02179,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,fact_or_view_sentence,锂|钼,company|project, 公司锂钼扩建项目稳步推进，布局金矿助力业绩进一步增长,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02180,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0223,fact_or_view_sentence,铜,project,系大型铜锌硫矿床 ，矿区硫储量、锌储量居全国前列 。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_014_@晏溶，熊颖17359835061001.pdf,a9567b11aad057630ff95ec0216a64e57a282718cac44c6dcd8f4a03fbcb3905,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02181,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,fact_or_view_sentence,稀土,company,钢铁业绩短期仍承压，稀土盈利有望改善,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02182,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,fact_or_view_sentence,稀土,company,公司主营产品包括钢铁、稀土精矿、萤石等 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02183,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,fact_or_view_sentence,稀土,company,公司主营产品包括钢铁、稀土精矿和萤石。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02184,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,fact_or_view_sentence,稀土,company,公司控股股东包钢集团拥有白云鄂博矿，该矿为铁、稀土多金属伴,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02185,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,indicator_sentence,稀土,supply|company,量达 945 万吨，稀土钢产量突破 170 万吨，均创历史新高。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02186,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,fact_or_view_sentence,稀土,price|company,稀 土 精 矿交 易价格持续上升，公司稀土板块盈利有望 增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02187,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,fact_or_view_sentence,稀土,price|company,2024Q3 以来， 公司已连续7 个季度上调稀土精矿交易价格，2026Q2,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02188,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,indicator_sentence,稀土,price|company,公司公告稀土精矿交易价格调整为不含 税 38804 元/吨（干量，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02189,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,fact_or_view_sentence,稀土,price|company,价格快速上涨，其稀土板块业绩有望显著改善。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02190,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,risk_sentence,稀土,price|risk|company,风险提示： 稀土价格大幅下降，钢材购销差进一步收窄。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02191,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,fact_or_view_sentence,稀土,company,①假设 2026-2028 年公司各类钢材及稀土精矿销量维持相对稳定。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02192,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0224,fact_or_view_sentence,稀土,price|company,③我们预期稀土供需有望维持偏紧格局，稀土精矿价格有望持续上涨。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_015_@李鹏飞，@刘彦奇，@魏雨迪6893965119818.pdf,96f0e4865ee6bc05088745fa17ed29c6562f2f89e131d75a6a2bca3ae696e8d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02193,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,fact_or_view_sentence,铜|金|钨|锑,company,公司为黄金、锑金属龙头，万古金矿、以地南铜金矿、潭溪钨矿有望为公司贡献增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02194,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,fact_or_view_sentence,金|钨|锑,company,公司长期专注于黄金、 锑和钨三种金属的矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02195,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,fact_or_view_sentence,锑,company,及销售于一体的完整产业链， 公司主要产品有标准金锭、 精锑、 氧化锑、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02196,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,indicator_sentence,金|钨|锑,company,乙二醇锑、 塑料阻燃母粒、 仲钨酸铵等，公司 2025 年自产黄金 3.43 吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02197,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,indicator_sentence,金|钨|锑,company,按照经营计划， 公司2026 年计划生产黄金 6.28 吨， 锑品3.43 吨， 钨品,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02198,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,fact_or_view_sentence,锑,company,锑全球资源紧张， 公司将受益于锑价上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02199,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,indicator_sentence,锑,project,年数据，全球已探明锑储量约 240 万吨（未包含少量未披露储量国家），,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02200,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,fact_or_view_sentence,锑,supply,供给方面，全球锑产量降低明显，2025 年全,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02201,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,indicator_sentence,锑,supply,球锑矿山产量 11 万吨，2024 年全球锑矿山产量 11.9 万吨，而 2014 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02202,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,indicator_sentence,锑,supply,和 2015 年全球锑矿山产量分别为 15.8 万吨和 15 万吨，目前矿山产量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02203,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,fact_or_view_sentence,锑,demand,锑需求进一步增长， 供需可能进一步收紧。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02204,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0225,fact_or_view_sentence,钨,project,万古金矿注入、 甘肃加鑫以地南矿区矿产资源利用项目、潭溪钨矿有望,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_016_@李鹏飞，@魏雨迪，@李阳6652065074439.pdf,b024ae4262987abe1d2d3fa4d1092b8a4f14c78f3e0e0c218a1607d51b36402f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02205,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,fact_or_view_sentence,金,cost|company,2025 年归母净利润创新高，黄金有望成新增长极,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02206,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,fact_or_view_sentence,钼,company,事件：洛阳钼业于 2026 年 3 月 27 日晚发布 2025 年年报， 公司2025 年实现营,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02207,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,fact_or_view_sentence,铜,supply,（1）量：2025 年铜产量 74.11,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02208,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,indicator_sentence,铜,price,2025 年 LME 铜现货平均价为 9944.9 美元/吨，同比增长 8.7%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02209,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,fact_or_view_sentence,金,company,黄金：并购 5 座金矿，黄金将形成新的增长极。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02210,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,indicator_sentence,金,supply|company,公司预计 2026 年巴西金矿产量 6-8 吨，2029 年公司将拥有 20 吨黄金产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02211,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,indicator_sentence,铜,project,铜：KFM 二期预计 2027 年建成投产，达产后预计新增年平均 10 万吨铜金属。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02212,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,indicator_sentence,铜,project,成投产，达产后预计新增年平均 10 万吨铜金属。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02213,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,fact_or_view_sentence,铜,price,高位， 市场对 “滞涨” 担忧加重并开始朝向 “加息交易” ， 对铜价构成压制。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02214,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,fact_or_view_sentence,铜,cost,供需：TC 现货价再创新低，显示铜精矿现货采购依然紧张；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02215,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,fact_or_view_sentence,铜|钴|钨,price|company,盈利预测、估值与评级：考虑铜、金、钴、钨等价格中枢的上行，上调公司盈利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02216,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0226,fact_or_view_sentence,钴,cost|company,元/克，MB 钴价 26/26/24 美元/磅为基准，预计 2026-2027 年公司归母净利润,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_017_@王招华，@方驭涛3707505050033.pdf,1b9cd4530650c5056fad06473fff5222e82927ea8230d14c4214cb5f916141c0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02217,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0227,fact_or_view_sentence,铜,company,铜基材料收入稳健增长， 子公司天鸟高新积极扩产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf,5a68e1032c606fe55c972013ef60fa900ac149c1417dcfb9d8845f1a9663c50f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02218,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0227,indicator_sentence,铜,company,2025 年上半年，公司铜基材料实现收入 278.78 亿元，同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf,5a68e1032c606fe55c972013ef60fa900ac149c1417dcfb9d8845f1a9663c50f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02219,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0227,fact_or_view_sentence,铜,company,2025 年上半年， 公司铜板带产品,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf,5a68e1032c606fe55c972013ef60fa900ac149c1417dcfb9d8845f1a9663c50f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02220,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0227,indicator_sentence,铜,company,2025 年上半年， 公司铜基材料实现收入278.78 亿元， 同比增长17.11%，毛 利 率,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf,5a68e1032c606fe55c972013ef60fa900ac149c1417dcfb9d8845f1a9663c50f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02221,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0227,fact_or_view_sentence,铜,company,2025 年上半年， 公司铜板带产品销量17.99,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_018_@石康，@李博彦，周登科5286184869791.pdf,5a68e1032c606fe55c972013ef60fa900ac149c1417dcfb9d8845f1a9663c50f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02222,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,fact_or_view_sentence,金,price|company,价格方面，周内伦敦黄金价格为 4072.85 美元/盎司，环比 11,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02223,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,fact_or_view_sentence,铜|铝,price,▌铜、铝：美联储 12 月降息情况不明朗，铜铝价格或,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02224,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,indicator_sentence,铜,price,铜：价格方面，本周 LME 铜收盘价 10700 美元/吨，环比 11 月,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02225,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,fact_or_view_sentence,铜,price|supply|cost,冶炼方面，中国铜精矿 TC 现货本周价格为-41.82 美元/干吨，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02226,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,indicator_sentence,铜,demand,下游方面 ，国 内 本 周 精 铜 制 杆 开 工 率 为70.07% ，环比 +3.2,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02227,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,indicator_sentence,铜,supply,再生铜制杆开工率 18.29%，环比-3.45pct。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02228,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,fact_or_view_sentence,铜,supply|demand,从供需层面来看，本周铜价回落，下游精炼铜和电线电缆开工,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02229,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,indicator_sentence,铝,price,铝：价格方面， 国内电解铝价格为 21360 元/吨，环比 11 月,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02230,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,indicator_sentence,铝,price|inventory,库存方面，本周 LME 铝库存为 548000 吨（环,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02231,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,fact_or_view_sentence,铝,inventory,2025 年 11 月 20 日，SMM 统计国内电解铝锭社会库存 62.1 万,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02232,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,indicator_sentence,铝,supply|cost,利润方面，云南地区电解铝即时冶炼利润为 4354 元/吨，环比,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02233,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0228,fact_or_view_sentence,铝,supply|cost,新疆地区电解铝即时冶炼利润为 4963,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_019_傅鸿浩，杜飞14499694935298.pdf,f3069f3f926220b2051069e26f3f8acf751a0a799143867772ac6bbe8e389f2a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02234,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,铜,inventory,有色金属：Comex 铜延续累库，预期将加剧,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02235,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,锂,demand,有色金属：储能与 AI 需求共振，关注锂产业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02236,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,铜|铝,supply,有色金属： 供应偏紧格局延续， 铜铝等工业金,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02237,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,金,price|company,涨，美国国债收益率大幅下行，现货黄金短线上扬近30 美元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02238,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,risk_sentence,锡|钨,supply|risk,此举给全球锡、 钽和钨供应增加了压力， 这些金属是电子产品、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02239,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,铜,price|inventory,2.1 工业金属：铜价重心上移，COMEX 库存持续累库 ..................................................... 5,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02240,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,金,price,2.2 贵金属：降息预期降温，贵金属价格承压 ................................................................... 7,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02241,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,锂,price|demand,2.3 能源金属：储能与 AI 需求共振，碳酸锂价格明显上涨 ............................................... 7,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02242,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,铜,cost,图 4：2015-2025 年（截至 11 月）铜精矿加工费情况（美元/干吨） ..................................... 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02243,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,铜|铝,price|inventory,图 5：铜和铝的 LME 库存情况（单位：吨） ........................................................................... 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02244,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,铝,price,图 6：本周氧化铝价格继续维持底部震荡（元/吨） ................................................................. 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02245,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0229,fact_or_view_sentence,铝,supply,图 7：电解铝运行产能的产能利用率达到历史最高（左轴单位为万吨，右轴单位为 %） ........ 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_020_刘博，滕朱军，李柔璇7428034935021.pdf,09e22770addc8593a87a1f5afc66f4570de9755ef3dbe6d6dc94dce8a543f38c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02246,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,fact_or_view_sentence,铝,project,⚫ 铝产业链持续深耕，氧化铝项目快速推进。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02247,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,indicator_sentence,铝,company|project,3 月 8 日公告的广西防城港公司投建 240 万吨氧化铝项目建设时间原本规划 24 个,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02248,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,fact_or_view_sentence,铝,supply|cost|company|project,公司项目由于临港，进口铝土矿物流成本较低，具备较明显的区位,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02249,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,fact_or_view_sentence,铝,company,能力，公司正积极调整高纯铝、电子铝箔和电极箔产品结构，持续提升产品附加值,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02250,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,risk_sentence,铝,price|risk|project,氧化铝项目建设进度不及预期、新疆煤炭价格持续低迷,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02251,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,fact_or_view_sentence,铝,project,新疆煤价有望企稳，氧化铝项目或放量增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02252,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,fact_or_view_sentence,铝,project,新疆众和季报点评 —— 新疆煤价有望企稳，氧化铝项目或放量增利,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02253,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,fact_or_view_sentence,铝,company,天山铝业 002532 14.07 1.02 1.26 1.43 13.76 11.21 9.82,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02254,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,fact_or_view_sentence,铝,company,明泰铝业 601677 15.62 1.62 1.80 1.91 9.63 8.70 8.18,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02255,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,fact_or_view_sentence,铝,project,新疆众和季报点评 —— 新疆煤价有望企稳，氧化铝项目或放量增利,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02256,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0230,fact_or_view_sentence,铝,project,新疆众和季报点评 —— 新疆煤价有望企稳，氧化铝项目或放量增利,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_021_刘洋4019414926094.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_021_刘洋4019414926094.pdf,4dedac23095a7f7a4fa133fdce8ac5a011285bc52effe3d6dccd514d86f91579,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02257,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,indicator_sentence,锡,supply,4月中国进口锡精矿共15720.18实物吨（折合约5371.25金属吨）同比增长15.11%，环比下降9.73%。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02258,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,supply,◆ 供给端：5月云南、江西两省的精炼锡冶炼企业平均开工率持稳运行 。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02259,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,supply,江西方面，近期废锡回收周转不畅，合格废料供应减少，部分再生,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02260,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,supply,锡冶炼企业出现短期原料缺口，生产负荷受限。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02261,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,price|supply|cost,同时废锡价格坚挺、锡锭价格回调，压缩冶炼利润，导致再生冶炼经济性转弱，部分企业主,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02262,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,demand,◆ 需求端：5月锡需求端存在分化 。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02263,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,demand,一方面，一季度外贸数据表现较强 ，制造业修复预期升温 ，对锡消费形成一定支撑 。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02264,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,demand,中长期看，AI 服务器、新能源汽车、光伏等领域仍是锡消费增长的重要方向。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02265,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,demand,增焊料需求有望成为锡需求结构中的亮点，但实际拉动强度仍需持续跟踪订单兑现情况。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02266,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,risk_sentence,锡,supply|risk,◆ 观点：5月供给扰动支撑锡价偏强运行。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02267,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,price,图1：沪锡主连基差（元/吨） 图2：LME锡升贴水（0-3）（美元/吨）,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02268,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0231,fact_or_view_sentence,锡,price,基差 期货结算价(活跃合约):锡 长江有色市场:平均价:锡:1#,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/rare_minor_metals_022_吴坤金30120195119733.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_022_吴坤金30120195119733.pdf,8e37f0a52cfbb0dcdb2434ec88bc081eb721074a25fb60e3af6a3b57712a379f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02269,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,indicator_sentence,稀土,price|company,稀土： 氧化镨钕本期价格为73.98 万元/吨， 环比下降4.31%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02270,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,fact_or_view_sentence,稀土,cost|company,土龙头， 供改最大受益者） 、 中稀有色 （低估、 高成长的华南稀土龙头） 、 北方稀土 （轻稀土龙头， 低成本优势显著） 、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02271,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,fact_or_view_sentence,稀土,company,包钢股份（稀土、钢铁双轮供改受益）；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02272,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,indicator_sentence,锡,price,锡： 锡锭本期价格为42.34 万元/吨， 环比上涨9.59%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02273,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,fact_or_view_sentence,锡,inventory,我们认为锡锭隐性库存逐步干涸， 因此在宏观流动性回补或科,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02274,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,indicator_sentence,钨,price,钨：钨精矿本期价格52.04 万元/吨，环比下降25.68%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02275,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,indicator_sentence,锑,price,锑： 本期锑锭价格为15.80 万元/吨， 环比下降1.25%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02276,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,risk_sentence,锑,supply|demand|risk,锑资源紧缺， 海外大矿减产带来全球供应显著下滑， 需求稳步,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02277,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,fact_or_view_sentence,金|锡,company,高成长或者具备高业绩弹性的资源标的有望充分受益， 建议关注华锡有色、 湖南黄金；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02278,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,indicator_sentence,钼,price,钼：钼精矿本期价格为5210 元/吨度，环比上涨 10.50%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02279,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,indicator_sentence,钼,price,钼铁本期价格 32.40 万元/吨，环比上涨 9.46%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02280,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0232,fact_or_view_sentence,钼,price|inventory|demand,钢招量景气持续，产业链上下游去库，钼价“有量无价”的僵局逐步打破，上涨通,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_023_吴晋恺，王钦扬10823625101928.pdf,a7abaf164236e62cfdf76891ff96d80324242a94556acd07e10140acfe0d2abf,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02281,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,indicator_sentence,稀土,price|company,稀土：氧化镨钕本期价格为74.87 万元/吨，环比上涨 11.03%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02282,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,indicator_sentence,稀土,company,"12 月我国稀土永磁出口量环比/同比分别-3%/+7%,单月出口量创历史同期新高；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02283,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,fact_or_view_sentence,稀土,company,稀土板块将继续演化估值业绩双升，2026 年亦为重点标的同业竞争解决的关键一年。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02284,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,fact_or_view_sentence,稀土,company,关注中国稀土（中重稀土龙头，供改最大受益者） 、中稀有色（低估、高成长的华南稀土龙头） 、北方稀土（轻稀土龙,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02285,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,fact_or_view_sentence,稀土,cost|company,头，低成本优势显著） 、包钢股份（稀土、钢铁双轮供改受益） ；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02286,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,indicator_sentence,锡,price,锡：锡锭本期价格为42.36 万元/吨，环比上涨2.17%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02287,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,indicator_sentence,钨,price,钨：钨精矿本期价格 60.07 万元/吨，环比上涨 19.24%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02288,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,indicator_sentence,钨,price,仲钨酸铵本期价格89.06 万元/吨，环比上涨 19.49%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02289,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,indicator_sentence,锑,price,锑：本期锑锭价格为 16.41 万元/吨，环比上涨 1.26%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02290,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,indicator_sentence,锑,price,锑精矿价格为 14.10 万元/吨，环比上涨 2.27%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02291,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,risk_sentence,锑,supply|demand|risk,带来全球供应显著下滑，需求稳步上行，全球锑价上行趋势不改。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02292,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0234,indicator_sentence,钼,price,钼：钼精矿本期价格为 4010 元/吨，环比持平；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_025_吴晋恺，王钦扬，金云涛11864354997478.pdf,5e166cecd99bf592bad0f3343c858e968d54918f825ad5cdde8a9e3b959e820b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02293,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,indicator_sentence,铜,price,铜：本周LME 铜价+0.82%到13746.5 美元/吨，沪铜+0.12%到 10.50 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02294,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,fact_or_view_sentence,铜,supply|cost,供应端，据SMM，进口铜精矿加工费周,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02295,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,indicator_sentence,铜,inventory,截至5 月28 日周四，SMM 全国主流地区铜库存环比上周四增加0.1 万吨至24.52 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02296,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,fact_or_view_sentence,铜,supply|demand,消费端， 据SMM， 本周精铜杆开工,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02297,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,fact_or_view_sentence,铜,price|demand,铜价波动左右接单节奏，下游需求随价格回调逐步,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02298,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,fact_or_view_sentence,铜,demand,铜价高位压制下游采购，叠加行业步入季节性淡季，家电需求持续偏弱，漆包线市场交投平淡，本周开机率延,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02299,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,indicator_sentence,铝,price,铝：本周LME 铝价+0.68%到 3681.0 美元/吨， 沪铝-0.96%到 2.43 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02300,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,indicator_sentence,铝,inventory|demand,消费地铝棒库存降至18.15 万吨， 较上周四大幅去化2.4 万吨， 成功回落至20 万吨关口下方。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02301,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,indicator_sentence,铝,supply,据 SMM 数据，截至本周四，全国冶金级氧化铝建成总产能11642 万吨/年，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02302,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,indicator_sentence,铝,price|supply,运行总产能8672 万吨/年，全国氧化铝周度开工率较上周下跌0.71 个百分点至74.49%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02303,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,indicator_sentence,铝,inventory,氧化铝总库存环比增加 11.3 万吨，达到 688.7 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02304,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0235,fact_or_view_sentence,铝,inventory,从库存结构来看，电解铝厂整体原料库存保持稳定，得益于正,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_026_吴晋恺，王钦扬，金云涛24307875114076.pdf,33035421d2fbce3730a73527bde3b1dd2ab232c238d6e443a28daa2301f3e220,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02305,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0236,fact_or_view_sentence,钨,demand,视六氟化钨：需求端，六氟化钨是 3D NAND 制造中钨填充工艺的关键前驱,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf,339f7f42cb8db18da47078b53f66e5377421149c2b25853b906bf409577b7af9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02306,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0236,fact_or_view_sentence,钨,demand,体， 随着堆叠层数向300+层持续升级， 单片晶圆对应的钨沉积需求显著提升，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf,339f7f42cb8db18da47078b53f66e5377421149c2b25853b906bf409577b7af9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02307,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0236,fact_or_view_sentence,钨,demand,增长，以及 AI 驱动的 HBM 高带宽存储需求快速放量拉动，预计六氟化钨产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf,339f7f42cb8db18da47078b53f66e5377421149c2b25853b906bf409577b7af9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02308,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0236,fact_or_view_sentence,钨,demand,级，单片晶圆对应的钨沉积需求显著提升，带动六氟化钨单耗持续增长。,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf,339f7f42cb8db18da47078b53f66e5377421149c2b25853b906bf409577b7af9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02309,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0236,fact_or_view_sentence,钨,demand,开支持续增长，以及 AI 驱动的 HBM 高带宽存储需求快速放量拉动，预计六氟化钨产品,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf,339f7f42cb8db18da47078b53f66e5377421149c2b25853b906bf409577b7af9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02310,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0236,indicator_sentence,锂,inventory|supply,（CTO） 246.70% DIBK开工率 3.9pcts 丙烯腈开工率 11.7pcts 六氟磷酸锂开工率 23.4pcts 库存量:聚酯瓶片 17.47% 库存量:烷基化油 61.32% 库存量:DOP 116.37%,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf,339f7f42cb8db18da47078b53f66e5377421149c2b25853b906bf409577b7af9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02311,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0236,indicator_sentence,锂,price|inventory|supply,（乙烯） 29.09% 价差：PVA 116.07% DBP开工率 2.6pcts 水合肼开工率 8.1pcts DOTP开工率 18.4pcts 库存量:六氟丙烯 8.22% 库存量:碳酸二甲酯 42.30% 库存量:锰酸锂 60.95%,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf,339f7f42cb8db18da47078b53f66e5377421149c2b25853b906bf409577b7af9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02312,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0236,indicator_sentence,锂,price,环氧丙烷 6.78% 六氟磷酸锂 15.46% 液化天然气 67.35% 价差：钛白粉（氯化,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf,339f7f42cb8db18da47078b53f66e5377421149c2b25853b906bf409577b7af9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02313,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0236,indicator_sentence,锂,price,苏氨酸 -12.30% 硫酸铵 -26.81% 六氟磷酸锂 -11.81% 价差：环氧氯丙烷,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_027_孙维容，李妍，邹骏程22446855114410.pdf,339f7f42cb8db18da47078b53f66e5377421149c2b25853b906bf409577b7af9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02314,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,fact_or_view_sentence,锡|钨,price,❖ 锡钨钽铌供需趋紧，25 年以来价格大幅上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02315,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,indicator_sentence,锡,supply,2023 年 8 月起禁矿（影响全球约 10%锡精矿供给），复产节奏偏慢，叠加印,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02316,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,fact_or_view_sentence,锡,price|demand,尼监管趋严及 AI 算力、 半导体复苏拉动焊料需求， 国内锡现货均价从2022 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02317,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,indicator_sentence,钨,supply,3） 钨：中国占全球钨矿产量 79%（2024 年 6.7 万吨） ，2024-2025 年首批开采,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02318,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,indicator_sentence,钨,policy,施出口管制，江西钨精矿（65%）现货价升至 2026 年 5 月 7 日的 69.3 万元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02319,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,indicator_sentence,锡|钨,company,3）公司 60 万吨/年采矿、150 万吨选矿和钽铌（钨、锡）资,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02320,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,indicator_sentence,锡|钨,supply|project,源冶炼综合利用技改项目总投资 4.96 亿元， 目标年产锡精矿4275 吨、 钨精矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02321,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,indicator_sentence,锡|钨,supply,80.75%，权益锡精矿/钨精矿产能分别由 2213/311 吨提升至 3452/485 吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02322,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,fact_or_view_sentence,锡|钨,company|project,❖ 投资建议：随着栗木矿逐渐投产， 公司将成为稀有金属锡钨钽铌矿业新星， 我,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02323,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,risk_sentence,锡|钨,policy|risk,给高度集中且受地缘扰动， 锡钨分别受缅甸禁矿与中国总量指标政策影响， 供,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02324,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,fact_or_view_sentence,锡|钨,company,栗木矿业的资源稀缺性，栗木矿业是国内罕见的同时具备锡、钨、钽、铌原生,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02325,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0237,fact_or_view_sentence,锡|钨,company|project,随着栗木矿逐渐投产， 公司将成为稀有金属锡钨钽铌矿业新星， 我们预计公司,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_028_孙维容，邹骏程14704505103146.pdf,ce869972c0e7c1f2e9fde0628712dd10a0a5c1ae29d2df625709032a37df2d88,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02326,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,risk_sentence,稀土,price|risk|company,地缘局势扰动宏观情绪，北方稀土上调精矿价格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02327,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,fact_or_view_sentence,铜,demand,铜：一季度电网集中交货期结束， 电网订单交付节奏将放缓， 短期行业下游需,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02328,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,fact_or_view_sentence,金,company,黄金：中东局势变化仍是贵金属近期波动的核心驱动，若美伊持续谈判无果,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02329,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,risk_sentence,金,risk,同时霍尔木兹海峡难以恢复正常通行，金价或受到一定压力。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02330,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,risk_sentence,锂,supply|risk,锂：若短期江西矿山、津巴布韦等锂资源供应端的扰动持续，同时 4 月新车,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02331,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,fact_or_view_sentence,锂,price|demand,型发布后需求预期得到改善情况下，碳酸锂价格或得到支撑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02332,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,fact_or_view_sentence,稀土,price|demand|company,稀土：在当前上下游博弈背景下， 考虑到二季度稀土精矿交易价格上调， 短期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02333,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,fact_or_view_sentence,铜,supply|demand,（2）铜矿供给不足叠加 AI、 新能源需求带动的铜板块；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02334,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,fact_or_view_sentence,稀土|钨,company,（5）在全球地缘事件频发背景下具备战略资源属性的稀土和钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02335,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,fact_or_view_sentence,金|钴|钼,company,评级， 维持对洛阳钼业 （603993） 、 中金黄金 （600489）、华友钴业（603799）、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02336,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,fact_or_view_sentence,铝,company,紫金矿业（601899）、中国铝业（601600）的“增持”评级。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02337,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0238,fact_or_view_sentence,稀土,company,2.6 稀土及小金属 .................................................................................................................................... 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_029_张珂11182285064318.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_029_张珂11182285064318.pdf,9806071d2c4e7cb1e20a2010ad664409b6bdf00ffcfc4ba9e3b54522cf41074e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02338,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,company,——中国稀土(000831)2025 年年报及 2026 年一季报点评,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02339,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,company, 稀土市场景气回暖，公司盈利实现改善,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02340,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,price|company,2025 年上半年，稀土市场行情整体上涨，公司把握采销节奏，实现销售同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02341,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,price|company,等因素影响，部分中重稀土产品价格下行，2025 年第四季度公司计提存货跌,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02342,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,price|company,2026 年一季度，稀土市场部分产品价格上涨，公司加大销售力度，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02343,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,company,1、公司参股的华夏纪元旗下圣功寨稀土矿探矿权和肥田稀土矿探矿权的运营,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02344,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,company,加快推进圣功寨稀土矿探转采办理工作。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02345,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,company,中国稀土集团积极推进稀土产业整合，国内稀土资源增储和增产加快推进，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02346,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,company,海外稀土资源开发合作取得突破，公司的资源渠道优势亦得到进一步保障。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02347,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,company|project,公司作为中国稀土集团的稀土上市平台，项目推进有序，集团资产注入潜力,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02348,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,supply|policy|company,考虑到国内政策对稀土矿开采和冶炼分离指标的约束，在中性情景下，我,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02349,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0239,fact_or_view_sentence,稀土,supply|company,PE 为 145.42X，高于可比公司平均 PE 值，公司是国内重稀土主要供应商，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_030_张珂5661255090154.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_030_张珂5661255090154.pdf,1c86593666e64ce1da5660bd497af468273bc9fe2638d53719a49f3a4ed254f0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02350,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,risk_sentence,锡,supply|risk,来修复行情，虽月中宏观扰动不断，但锡因“供应扰动+AI 算力,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02351,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,fact_or_view_sentence,锡,price,截止2026年6 月1 日，沪锡主力合约,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02352,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,fact_or_view_sentence,锡,supply,基本面上锡产业链供应隐患是否会爆发 ？,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02353,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,fact_or_view_sentence,锡,cost,（二）印尼新税制：长期锡价成本大幅抬升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02354,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,fact_or_view_sentence,锡,price,LME 锡价粗略测算，新税制实施企业单吨需多缴纳 5680 美元，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02355,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,risk_sentence,锡,supply|demand|risk,⚫ 总结：短期锡价在供应双重扰动 、需求半导体上行周期叙事下 ，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02356,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,risk_sentence,锡,risk,况，若扰动带来实质性减产，锡价有望突破前高，若扰动消除，则,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02357,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,fact_or_view_sentence,锡,price,有色金属指数与沪锡价格走势 农产品指数与油脂期货价格走势,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02358,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,fact_or_view_sentence,锡,supply|demand,2．【ITF-锡】供应脆弱与需求刚性,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02359,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,risk_sentence,锡,supply|risk,然锡因“供应扰动+AI算力叙事”驱动下一路高歌。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02360,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,fact_or_view_sentence,锡,price,截止 2026年 6月 1日，沪锡主力合约收,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02361,ANA-YS-INDUSTRY-001,BATCH-003,SB008,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0240,fact_or_view_sentence,锡,supply,锯，宏观不确定性仍难忽视，基本面上锡产业链供应隐患是否会爆发？,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_031_方富强6801965117702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_031_方富强6801965117702.pdf,b647e65c8c1af4b51ec7c0f0220812266b97e12815621b388c828b26bd9fd007,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02362,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,risk_sentence,金,risk|company,程度的下滑，但中东局势依然没有明确定论，黄金开始筑底震荡的走,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02363,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,risk_sentence,金,price|risk|company,且长期来看缩表可能对美债买盘带来压力，黄金长期上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02364,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,fact_or_view_sentence,金,company,配置盘来看，人民银行 4 月加速增持黄金增强市场信,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02365,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,fact_or_view_sentence,金,company,心，同时波兰央行宣布继续增持黄金，体现配置盘对于黄金长期价值,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02366,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,fact_or_view_sentence,金,company,总体来看，黄金牛市并未结束，等待交易盘抛压后继续增配。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02367,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,fact_or_view_sentence,铝,price|inventory,铝：库存并未出现预期中去化，价格承压。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02368,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,fact_or_view_sentence,铝,inventory,产使得年内电解铝库存居高不下，虽然 4 月铝出口数据强势反弹验证,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02369,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,fact_or_view_sentence,铝,inventory,了海外电解铝短缺的事实是存在的，但国内库存持续高位意味着国内,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02370,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,fact_or_view_sentence,铝,price|inventory|supply,电解铝产量若下降或加速库存去化，从而给予价格向上的动力。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02371,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,risk_sentence,铝,price|supply|risk,几内亚铝土矿供给扰动或带来氧化铝价格的提升，当前氧化铝价格低,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02372,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,fact_or_view_sentence,铝,company,位的情况下，建议配置氧化铝自供率较高的天山铝业等标的。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02373,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0241,fact_or_view_sentence,铜,price,铜：本周铜市多空博弈激烈，价格高位震荡回落。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_032_李帅华，魏欣，杨丰源12817145115401.pdf,9fda0fed0678c390801604b32c72bb3b71974b766c365f6590fda9ed99ade0d3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02374,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,indicator_sentence,稀土,company,北方稀土发布一季报，2026 年 Q1 实现营收 118.59 亿元（yoy+27.69%、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02375,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,fact_or_view_sentence,稀土,supply|company,稀土新材料和应用板块充分发挥新增产能优势， 精,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02376,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,fact_or_view_sentence,稀土,price|supply,Q1 氧化镨钕价格环比提升显著，现货供应依旧偏紧,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02377,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,indicator_sentence,稀土,price,根据 Wind 数据，2026 年 Q1 氧化镨钕均价为 75.7 万元/吨， 环比增长33.7%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02378,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,indicator_sentence,稀土,price|company,公司与包钢稀土精矿采购价格 Q2 为不含税 38804 元/吨 （干量，REO=50%），,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02379,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,indicator_sentence,稀土,company,环比提升 44.6%， 同样彰显稀土行业高景气度。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02380,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,fact_or_view_sentence,稀土,supply|company,公司磁材业务持续发挥产能优势， 稳步提升包头地区供应量；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02381,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,fact_or_view_sentence,稀土,company,稀土永磁电机系统服务客户能力持续提升， 单体,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02382,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,fact_or_view_sentence,稀土,company,000831 CH 中国稀土 54.03 0.63 86.0,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02383,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,fact_or_view_sentence,稀土,company,图表2： 北方稀土 PE-Bands 图表3： 北方稀土 PB-Bands,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02384,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,fact_or_view_sentence,稀土,company,• 北方稀土（600111 CH） ：华泰金融控股（香港）有限公司、其子公司和/或其关联公司实益持有标的公司的市场资,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02385,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0242,fact_or_view_sentence,稀土,company,• 北方稀土（600111 CH） ：华泰证券股份有限公司、其子公司和/或其联营公司实益持有标的公司某一类普通股证券,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_033_李斌，马俊5839135084340.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_033_李斌，马俊5839135084340.pdf,8a3e1f33b4c61d889b70b46f9b39b7dbf2191bdffeecce6d016da75e2d5038d5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02386,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,fact_or_view_sentence,金,company,<<【太平洋有色】湖南黄金 2025 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02387,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,risk_sentence,钨,supply|risk,自产金产量有所下滑，未来金、钨产量提升空间较大 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02388,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,indicator_sentence,金,supply|company|project,发行股份的方式收购黄金天岳、中南冶炼 100%股份，黄金天岳拥有湖南,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02389,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,indicator_sentence,金,company|project,区累计探获黄金资源量 300.2 吨，地下 3000 米以上远景黄金储量超 1000,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02390,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,fact_or_view_sentence,钨,company,公司控股子公司新邵四维矿产有限公司取得新邵县潭溪钨矿采矿许可证，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02391,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,indicator_sentence,钨,supply|company|project,采选规模为 99 万吨/年，该项目达产后公司钨产量将迎来明显增量。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02392,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,fact_or_view_sentence,钨|锑,price|cost|company,自产金、锑品为核心利润来源 ，钨品价格显著提升有望增厚公司利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02393,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,indicator_sentence,锑,company,2025 年 公司自产金 / 锑品收入分别为 26.5/27.5 亿元，同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02394,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,indicator_sentence,锑,cost,别为 15.7/14.0 亿元，毛利占比分别为 51.0%/45.5%，自产金、锑品为公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02395,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,indicator_sentence,钨,company,2025 年公司仲钨酸铵收入 1.9 亿元，同比+42.2%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02396,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,fact_or_view_sentence,钨,price,根据 iFind 数据，2025 年钨品出口均价为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02397,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0244,fact_or_view_sentence,钨,price|company,2026 年4 月均价涨至 150.1 万元/吨， 钨品价格显著提升有望增厚公司利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_035_梁必果，刘强3945935115702.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_035_梁必果，刘强3945935115702.pdf,c61d6bfc1b88d5b4fb705dfe56a26ac37bec59db06b4a4098c26720e9a008e87,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02398,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,indicator_sentence,稀土,company,2、美国政府计划购买美国稀土公司 （USA Rare Earth，USARE）10%股份。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02399,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,fact_or_view_sentence,稀土,company|project,正在德克萨斯州塞拉布兰卡开发一座稀土矿，该矿预计 2028 年投产。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02400,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,fact_or_view_sentence,锂,price|demand|company,3、澳大利亚锂生产商 PLS Group 表示，随着电池材料需求回升、价格走强，公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02401,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,indicator_sentence,锂,price|inventory,1） 锂：国内电池级碳酸锂现货价格周内下跌（环比 -6%） ，行业总体库存持续下,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02402,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,indicator_sentence,锑,price,2） 锑：受益于春节前采购备货，锑锭价格周内上涨 1.2%达 16.25 万元。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02403,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,fact_or_view_sentence,稀土|钨,policy|company,思路 1:跟着战略金属政策走，我们首选稀土、钨板块,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02404,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,fact_or_view_sentence,稀土,price|supply|policy|company,1）稀土：政策端出口管制加码，短期有望推动稀土价格继续上行，供给约束下长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02405,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,fact_or_view_sentence,钨,price,2）钨：供需偏紧叠加战略金属惜售情绪不断升温，推动钨价持续上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02406,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,fact_or_view_sentence,锂,supply,碳酸锂： 淡季不淡， 供给不确定性仍存， 电池产品出口退税预留一年窗口期， 叠加,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02407,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,fact_or_view_sentence,锂,price|demand|policy,下游正极厂补库需求，锂价短期有望在目前价格维持，若政策预期大幅推升 Q1 下,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02408,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,fact_or_view_sentence,锂,price|inventory,3.锂：周内价格先涨后跌，持续去库 ............................................................................................................. 7,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02409,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0245,fact_or_view_sentence,稀土,price|company,5.稀土永磁：氧化镨钕价格持续上涨 ........................................................................................................... 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_036_熊可为13322504997804.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_036_熊可为13322504997804.pdf,af82ce1de4e11fa5d1458377e29c2a9462046c1c0fcc11292c3f99de4452ba12,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02410,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,钼,price|supply|demand,20260517 周报：矿山招标出货，钼价大幅上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02411,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,金,price|company, 贵金属：通胀粘性抑制降息预期，黄金价格上涨受限。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02412,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,risk_sentence,银,price|risk,胀风险，反而为金银价格提供了重要支撑。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02413,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,金,company,联储降息之路遥遥无期，尽管黄金传统上被视为通胀对冲工具，但在高利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02414,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,金,price|policy|company,全球关税政策和地缘政治的不确定性背景下，避险和滞涨交易仍是黄金交,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02415,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,金,company,个股：黄金关注招金灵宝万国紫金黄金，A,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02416,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,金,company,银铂钯均为黄金的贝塔，个股关注盛达、湖银、豫光、贵研及浩通等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02417,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,铜,supply, 工业金属：宏观情绪与供应约束共振，铜价冲高小幅回落。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02418,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,indicator_sentence,铜,price|cost,铜精矿现货加工费深跌至-93.5美元/吨的历史低,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02419,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,铜,supply|policy,强化储备体系的政策导向，以及5月起部分非建交国铜进口零关税政策带来,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02420,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,铝,supply|project,继续小幅增长，整体暂无减产、新投产产能出现，辽宁某电解铝企业继续,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02421,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0246,fact_or_view_sentence,铝,supply|demand,需求方面：本周铝板带箔产量较上周持稳。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_037_王保庆27968735101520.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_037_王保庆27968735101520.pdf,e0113ab6e4c856976d68bc49a952e21b4d0c1ceee50b5d02d89f0f358ab5c3bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02422,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,钨,price,20260531 周报：钨市逐渐止跌企稳，前期泡沫基,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02423,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,金,price|company, 贵金属：美伊和谈难言定局，黄金价格震荡偏弱运行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02424,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,银,price|policy,维持高利率政策的担忧，正在限制金银价格进一步上涨空间。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02425,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,金,price|policy|company,全球关税政策和地缘政治的不确定性背景下，避险和滞涨交易仍是黄金交,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02426,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,金,company,个股：黄金关注招金灵宝万国紫金黄金，A,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02427,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,金,company,银铂钯均为黄金的贝塔，个股关注盛达、湖银、豫光、贵研及浩通等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02428,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,risk_sentence,铜,policy|risk, 工业金属：地缘扰动叠加政策预期，铜市高位震荡运行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02429,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,铝,price|cost,涨、氧化铝价格微跌、预焙阳极价格持稳影响，预计本周电解铝理论成本,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02430,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,锂,price|inventory, 新能源金属：碳酸锂价格下跌，期货仓单高企。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02431,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,钴|镍,supply|cost|project,本镍湿法冶炼项目利润长存，关注力勤资源、华友钴业。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02432,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,钨,price, 其他小金属：钨市逐渐止跌企稳，前期泡沫基本出清。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02433,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0247,fact_or_view_sentence,金|锡|锑,company,个股：锑建议关注湖南黄金、华锡有色、华钰矿业；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_038_王保庆28083045114249.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_038_王保庆28083045114249.pdf,1c5d1650148d97333b6137f1cf1d3f5e60b0a0cf1d490a1ae34d5d961469e4dc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02434,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,risk_sentence,锡,inventory|risk,矿端生产扰动和国内锡锭去库或支撑锡价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02435,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,fact_or_view_sentence,锡,supply,供给端，缅甸佤邦低海拔高品位锡矿区一季度以排水和恢复作业为主而实际采矿推进有限，叠加工业炸药审批进度,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02436,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,indicator_sentence,锡,cost,10000-21000吨），国内锡精矿加工费有所升高或预示供需紧张状态缓解；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02437,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,fact_or_view_sentence,锡,supply,云南及中国（江西）精炼锡产能开工率较上周,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02438,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,fact_or_view_sentence,锡,demand|cost,需求端，锡价走高或抑制国内下游采购意愿，但是美国科技巨头26年一季度财报利润超预期引导人工智能等领域乐,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02439,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,fact_or_view_sentence,锡,inventory,库存端，上期所精炼锡库存量较上周减少；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02440,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,fact_or_view_sentence,锡,price|inventory|demand,领域存乐观需求预期，国内精炼锡社会库存量趋降，或使沪锡价格有所反弹。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02441,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,risk_sentence,锡,risk,关注380000-400000附近支撑位及445000-475000附近压力位，伦敦锡,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02442,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,risk_sentence,锡,price|risk,沪锡基差为负且基本处于合理区间，月差为负且基本处于合理区间，而这源于缅甸佤邦锡矿复产不及预期使国内锡,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02443,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,fact_or_view_sentence,锡,inventory,矿供需紧平衡，但是通胀反弹担忧引导美联储等多国央行加息预期，海内外精炼锡总库存量环增且仍处高位，建议投资,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02444,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,fact_or_view_sentence,锡,price,者暂时观望沪锡基差和月差的套利机会。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02445,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0248,fact_or_view_sentence,锡,price,沪锡近月 -连一 沪锡连一 -连二 沪锡连一 -连三 沪锡连二 -连三,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_039_王文虎25165655115927.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_039_王文虎25165655115927.pdf,f0d4fefe6f93025ae2c0804e9f74657f65ac61844bd167015d7b96464f16c8e3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02446,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,indicator_sentence,铜,price,铜：本周LME 铜价+0.67%到13635.0 美元/吨，沪铜+0.15%到 10.49 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02447,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,fact_or_view_sentence,铜,supply|cost,供应端，据SMM，进口铜精矿加工费周,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02448,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,indicator_sentence,铜,inventory,截至 5 月 21 日周四，SMM 全国主流地区铜库存环比上周四增加0.05 万吨至 24.38 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02449,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,fact_or_view_sentence,铜,price|inventory|supply,冶炼端，据 SMM，因此前铜价上涨，企业进行再生铜原料库存补库。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02450,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,indicator_sentence,铜,supply,开工率环比上升 9.14 个百分点至 57.56%，然而随本周铜价再度回落，预计下周环比回落1.32 个百分点至 56.24%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02451,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,indicator_sentence,铜,supply|demand,消费端，据 SMM，本周精铜杆开工率环比下降1.54 个百分点至 61.97%，实际表现优于预期。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02452,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,fact_or_view_sentence,铜,demand,周初铜价回落带动订单阶段性增加， 下游提货表现尚可，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02453,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,indicator_sentence,铝,price,铝：本周LME 铝价+2.35%到 3556.0 美元/吨， 沪铝+0.60%到 2.45 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02454,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,indicator_sentence,铝,inventory|demand,消费地铝棒库存共 20.55 万吨，库存较上周四下降2.85 万吨，库存去化速度加快；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02455,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,indicator_sentence,铝,price|supply,冶金级氧化铝建成总产能11522 万吨/年， 运行总产能8664 万吨/年， 全国氧化铝周度开工率较上周下跌0.38 个百分,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02456,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,fact_or_view_sentence,铝,inventory,库存方面， 从库存结构来看， 电解铝厂的原料库存本周继续去化， 但多数企业原料库存仍较为充裕， 补,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02457,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0249,fact_or_view_sentence,铝,cost|policy,成本端， 因几内亚铝土矿出口配额政策迟迟未落地， 长期处于僵持的铝土矿市场逐渐恢复交易情况，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_040_王钦扬，金云涛24074715107862.pdf,3b73a08eb8b2a7227ad86cbf089087447a70ddba1214377d8b113aa6120d603d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02458,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,indicator_sentence,铜,price,铜：本周LME 铜价+0.07%到13544.5 美元/吨，沪铜+0.15%到 10.47 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02459,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,fact_or_view_sentence,铜,supply|cost,供应端，据SMM，进口铜精矿加工费周,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02460,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,indicator_sentence,铜,inventory,截至 5 月 14 日周四，SMM 全国主流地区铜库存环比上周四增加0.07 万吨至 24.33 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02461,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,fact_or_view_sentence,铜,price|supply,冶炼端，据SMM，因铜价上涨，再生铜原料供应增加。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02462,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,indicator_sentence,铜,supply|demand,消费端，据 SMM，本周 SMM 铜线缆企业开工率录得65.9%，环比增加 2.67 个百分点，低于预期1.06 个百分点，同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02463,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,fact_or_view_sentence,铜,demand,率环比回升，不过由于铜价冲高抑制下游下单，拖累整体复工节奏，新增订单仅微幅增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02464,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,indicator_sentence,铝,price,铝：本周 LME 铝价+2.00%到 3572.0 美元/吨，沪铝-0.35%到 2.44 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02465,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,fact_or_view_sentence,铝,supply,供应端，据SMM，5 月11 日，电解铝锭库,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02466,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,indicator_sentence,铝,inventory|demand,国内主流消费地铝棒库存 24.7 吨，环比减少 1.15 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02467,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,indicator_sentence,铝,supply,四， 全国冶金级氧化铝建成总产能11522 万吨/年， 运行总产能8508 万吨/年， 全国氧化铝周度开工率较上周上升0.43,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02468,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,fact_or_view_sentence,铝,inventory,库存方面， 从库存结构来看， 电解铝厂的原料库存本周继续去化， 但多数企业原料库存仍较为充,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02469,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0250,fact_or_view_sentence,铝,inventory|supply,氧化铝厂内库存小幅累积，主要由于开工率提升叠加近期发运偏弱；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_041_王钦扬，金云涛24371505101105.pdf,cf4ec9a9533f3ceb7a664eea6ccdfacd7d9f3796eebf2cfac51cc1f309d53d8b,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02470,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,fact_or_view_sentence,钼,company,——洛阳钼业(603993)公司点评报告,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02471,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,fact_or_view_sentence,铜|钴|钼,supply|company,《洛阳钼业(603993)公司点评报告： 铜钴产量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02472,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,indicator_sentence,铜,supply|company,年公司铜产量为 74.11 万吨，同比增长 13.99%，完成度达 118%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02473,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,fact_or_view_sentence,钴,supply,其他产品产量 （完成度） 分别为：钴 11.75,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02474,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,indicator_sentence,铜|钴|钨,price,年铜、 钴、 仲钨酸铵的平均价格同比上涨8.73%、42.81%、57.41%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02475,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,indicator_sentence,金,supply|company,列金矿预计黄金年化产量为 6-8 吨，预计到 2029 年公司黄金板块,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02476,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,indicator_sentence,铜,company,万吨/年，达产后年均新增 10 万吨铜金属，将进一步扩大公司铜产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02477,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,fact_or_view_sentence,钨|钼,company,公司强化与科研院所继续合作，铌、磷、钼、钨的回收率,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02478,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,fact_or_view_sentence,铜,company,⚫ 盈利预测与投资建议：公司锚定“铜金双极”资产战略，持续深化内,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02479,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,fact_or_view_sentence,铜|金|钴|钨,price|company,考虑到公司主要产品铜、钴、钨、金价格中枢的持续上行，我,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02480,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0251,risk_sentence,铜|钴,price|policy|risk|project,风险提示：铜钴价格下行，项目扩产建设速度不及预期，海外政策变,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_042_石临源5557425058271.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_042_石临源5557425058271.pdf,15796417d3a4a08738b2419f2dd0d248effd58216c5a9c99444cf89c2b119466,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02481,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,price,月沪锡盘面先扬后抑再反弹，重心有所上移。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02482,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,supply,• 中国曾是全球最大的锡矿生产国，但是近年产量逐年下降。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02483,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,project,我国锡矿资源过度开采严重，后备锡资源品位低，新增查明资源储量有限的现状，国内,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02484,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,supply,多数骨干锡矿山正面临资源枯竭的问题，因而生产能力呈现缓慢降低的态势。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02485,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,indicator_sentence,锡,supply,近年来中国锡矿产量基本维持在 9万吨上下，2023年中国生产锡矿6.8万,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02486,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,price|supply,进入2024年后，由于精锡价格有所上升，锡矿产量略有增加。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02487,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,supply,我国锡精矿产量继续呈现小幅增长的态势。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02488,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,supply,进入2026年以后，锡矿产量继续维持温和增长。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02489,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,supply,SMM最新数据显示，2026年1-3月全国锡矿产量17581.26,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02490,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,indicator_sentence,锡,supply,• 据最新海关总署数据显示，2026年4月中国进口锡精矿共15720.18实物吨（折合约5371.25金属吨）同比增长15.11%，环比下降9.73%。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02491,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,supply,4月我国进口锡精矿数量较3月进口量环比小幅下降；,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02492,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0252,fact_or_view_sentence,锡,supply,2026年截至4月进口锡矿量总计约22481.05,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_043_胡彬41923005115261.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_043_胡彬41923005115261.pdf,45e7384365d140debb1470cf0413ed9b8e4bcc5ce8353dd336ca69e69eb32710,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02493,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,稀土,price|company,多因素共振或推动稀土涨价，重视 AI,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02494,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,稀土,inventory|supply|demand|company,新材料板块：1） 稀土方面， 供给硬约束+海内外需求提振+库存低位，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02495,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,稀土,policy|company,见稿)》公开征求意见，北部湾规划拟对稀土等金属收储，强调战略,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02496,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,稀土,demand,26 年磁材需求或切换为海外+出口需求高增， 预计,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02497,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,稀土,demand|company,下半年稀土永磁等出口需求加速， 伴随内需旺季将至， 看好下游持续,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02498,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,铜,demand,酸钡）、M9 铜箔、钽金属、氧化镝（MLCC 需求提振）等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02499,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,铜|铝|锂|稀土|锡|钨|钼|锑,company,看，我们持续看好稀土金银铜铝锡钨钼锑锗镓钽铌铀铼锂等金属。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02500,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,金,price,有所升温制约贵金属价格表现， 但考虑到美元信用担忧仍存， 看好金,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02501,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,银,inventory,白银供需基本面仍然偏紧， 持续处在低库存状态，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02502,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,金,company,建议关注： 赤峰黄金、山金国际、中金黄金、山东黄金、湖南黄金、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02503,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,indicator_sentence,铜,price,"铜： 本周 LME 铜收报 13611.5 美元/吨,环比上周-0.17%,沪铜收报",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02504,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0254,fact_or_view_sentence,铜,price|supply,据SMM， 供给端， 沪铜现货维持贴水,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_045_贾宏坤，周古玥12825835114388.pdf,58a593edeedc567c0554ded6e877ef4574dec91008361ad055633b5d98c30984,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02505,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,稀土,company,静待宏观企稳，看好稀土与 AI 上游材,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02506,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,稀土,company,目前我们看好稀土与AI 新材料板块：1） 稀土方,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02507,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,稀土,demand|company,面，预计未来几个月稀土永磁等出口需求加速，内需旺季即将到来，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02508,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,金,price,影响下， 美联储加息预期有所升温制约贵金属价格表现， 但考虑到美,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02509,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,金,price,元信用担忧仍存， 看好金价中长期上涨趋势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02510,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,金|银,price|inventory|company,紧，持续处在低库存状态，看好银价跟涨黄金。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02511,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,金,company,建议关注： 赤峰黄金、山金国际、中金黄金、山东黄金、湖南黄金、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02512,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,indicator_sentence,铜,price,"铜： 本周 LME 铜收报 13635 美元/吨,环比上周 +0.33%,沪铜收报",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02513,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,铜,price|supply,据 SMM，供给端，沪铜现货维持贴水,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02514,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,铜,demand|cost,状态，下游企业采购趋于谨慎，铜精矿 TC 进一步走低至-107.39 美,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02515,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,fact_or_view_sentence,铜,supply|cost,元/干吨，现货加工费延续下行，矿端紧张持续，1-4 月铜精矿进口,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02516,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0255,risk_sentence,铜,price|supply|risk,格上涨和供给压力或将对刚果金等地的铜湿法冶炼产量供给 形成扰,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_046_贾宏坤，周古玥14439115107817.pdf,f28b84a5b35f96f41f5c0a95819062c56eeb6c245b38a720c99b65e35b7e3516,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02517,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,锡|锑,price,锡价持续向上突破， 锑期货上市后大涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02518,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,锡,price,近期锡价持续上涨， 全球本就面临缅甸锡矿复产缓慢等问题， 印尼出,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02519,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,银,price|inventory,伦敦白银库存紧张， 现货紧张对价格仍有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02520,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,银,price,支撑，白银短期价格波动加剧，持续看好中长期价格弹性。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02521,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,金,company,建议关注：山东黄金、 山金国际、 中金黄金、 赤峰黄金、 湖南黄金等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02522,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,indicator_sentence,铜,price,铜： 本周 LME 铜收报 10846 美元/吨，环比上周-0.26%，沪铜收报,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02523,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,铜,supply,仍偏低，预计 12 月下旬起电解铜进口量将明显减少。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02524,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,铜,cost,谈判临近，本周铜精矿 TC 指数为-42.21 美元/干吨维持低位，铜精,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02525,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,铜,supply|demand,需求端，本周铜杆、铜线缆企业开工率分别为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02526,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,铜,inventory,库存端， 截至11 月 14 日， 铜社,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02527,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,铜,supply,预期波动影响下铜震荡调整， 后续持续看好铜在供给端硬约束下的价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02528,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0256,fact_or_view_sentence,铜|钼,company,建议关注：洛阳钼业、 金诚信、 西部矿业、河钢资源、 江西铜业、铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_047_贾宏坤，周古玥15308594926587.pdf,e424403b2c47db1ec04cae4256931ffa76d93ea4b08c386d9381cc22740dcd3c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02529,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,price|supply|company,受益于稀土市场价格整体上行，以及冶炼分离、稀土金属、稀土,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02530,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,company,新材料、 稀土永磁电机等主要产品产销量同比增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02531,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,indicator_sentence,稀土,company,主业贡献主要增量， 其中稀土主要产品实现收入326.37 亿元， 同,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02532,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,price|company,稀土市场价格整体上行及主要产品产销量增长，公司全年实现归,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02533,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,indicator_sentence,稀土,company,- 106.97%， 主要受益于一季度稀土市场整体走强、 主要稀土产品,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02534,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,price|company,2026 年经营目标提供价格锚点，稀土价格中枢有望继续抬升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02535,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,price|company,稀土价格具备较强支撑，后续价格中枢有望维持高位，呈现易涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02536,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,supply|company,公司是国内全球规模最大、产业链最完整的轻稀土龙头企业，业务涵盖稀土冶炼分离、稀土,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02537,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,company,稀土产品：公司稀土业务量价齐升，增长动能强劲，预计2026-2028 年销售收入同比增速分,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02538,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,price|cost|company,毛利率层面，随着稀土产品价格进入上行周期，吨毛利和毛,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02539,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,cost|company,强，稀土业务占总销售额及主营业务利润的比重也将稳步提升，成为公司业绩增长的核心支,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02540,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0257,fact_or_view_sentence,稀土,company,选取中科三环、金力永磁、中国稀土、盛和资源作为北方稀土的可比公司。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_048_贾宏坤，周古玥4009015075453.pdf,884545a258cf5a345fda6e66e397f6fe592766388bfb9e7b2d198ff646f941ea,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02541,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,indicator_sentence,铜,price,26Q1 的 LME 铜价 12844 美元/吨，同比+37.5%，环比+15.8%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02542,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,fact_or_view_sentence,铜,supply,技改带来增量，铜产量环比下降主要是因为 Q1 刚果金雨季，对矿山剥离量有影,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02543,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,fact_or_view_sentence,钴,company,口禁令影响，公司钴销售仍未恢复，预计 Q2 会逐步形成销售，产生业绩增量。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02544,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,fact_or_view_sentence,铜,company,公司到 2028 年计划实现年产铜金属 80-100 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02545,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,indicator_sentence,铜,project,吨，目前在建项目主要是 KFM 二期工程，达产后预计新增年平均 10 万吨铜金属,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02546,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,indicator_sentence,铜|金,company,厄瓜多尔金矿达产后预计平均年产黄金 11.5 吨，铜 1.9 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02547,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,fact_or_view_sentence,铜,cost|company,投资建议：公司铜金双极战略持续发力，我们预计公司归母净利润分别为 346.26、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02548,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,risk_sentence,铜|钴,price|risk|project,风险提示：项目进展不及预期，铜钴价格下跌，地缘政治风险，汇率风险等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02549,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,fact_or_view_sentence,铜|金|钴,supply|company,5． 铜钴产量稳健增长，正式布局黄金资源-,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02550,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,fact_or_view_sentence,铜|金|钴|钨|钼,cost|company,毛利： 同比来看，26Q1 铜钴和钼钨板块毛利均有明显增长， 同时新增黄金板,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02551,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,risk_sentence,钴,risk,量价齐升， 尽管钴价同比也大幅增长， 但由于刚果金出口禁令， 钴销量同比下滑使,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02552,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0258,fact_or_view_sentence,钨|钼,price|cost,钼钨板块毛利增长主要得益于钼钨价格同比增长， 尤其是,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_049_邱祖学，张弋清12359645080296.pdf,adc6ba1881f6862430cf28a89449e0bd6748182bd03fc30d4bbfa41c22dc4ff0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02553,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,fact_or_view_sentence,钨|钼,supply|cost,钨钼板块：钨价创历史新高，显著增厚矿山利润。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02554,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,fact_or_view_sentence,钨,demand,2）光伏钨丝出货基本平稳，2025 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02555,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,indicator_sentence,钨,cost,格约 21.62 万元/吨， 同比+59.51%， 增厚钨矿利润， 宁化行洛坑、 都昌金鼎、 洛,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02556,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,fact_or_view_sentence,稀土,company,稀土板块：积极拓展海外市场，新兴领域磁材持续放量。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02557,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,fact_or_view_sentence,钨,company,年，公司完成对厦钨电机工业有限公司非同比例增资的交易，增资后公司持有厦,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02558,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,indicator_sentence,钨,price|company,"均价约 74.35 万元/吨，环比+119%,公司积极应对钨原材料价格大幅上涨，动态",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02559,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,indicator_sentence,锂,cost,锂及其他） 销量1.57 万吨， 同比增长26% ，26Q1 实现利润总额 2.60 亿元， 同,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02560,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,indicator_sentence,稀土,cost|company,3） 稀土板块，26Q1 实现利润总额 0.70 亿元， 同比增长65.72%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02561,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,fact_or_view_sentence,稀土|钨|钼,price|cost|company,投资建议：钨价上涨显著增厚矿端利润，钨钼板块、电池材料和稀土磁材三轮驱,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02562,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,fact_or_view_sentence,钨,supply,2025 年一季报点评：钨价走高增厚矿山利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02563,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,fact_or_view_sentence,钨|钼,supply|cost,评：钨价走高增厚矿山利润，钨钼板块表,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02564,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0259,fact_or_view_sentence,钨|钼,company,2.1 电池材料、钨钼板块领跑，公司业绩稳步提升 ........................................................................................................................... 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_050_邱祖学，李挺10915245097015.pdf,070e14b072cef5a24491492794e0a9f9ac9559ed656472f08aeed46b41136249,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02565,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,fact_or_view_sentence,金,company,通过宏观基本面分析和黄金分割线、水平线、日均线等技术面分析，预期2026 年6 月期货主力（连,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02566,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,fact_or_view_sentence,铜|铝,supply|policy,2、美国总统特朗普签署文件，暂时调整部分进口钢铝铜产品关税，从6 月 8 日开始实施，至 2027 年,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02567,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,indicator_sentence,铝,supply|policy,其中，收割机和一些其他农业机械适用的进口从价关税从25%下调至 15%，进口产品钢铝,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02568,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,fact_or_view_sentence,稀土,company,牛肉、咖啡、稀土矿物、飞机及飞机零部件、原油、化肥以及众多水果和坚果,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02569,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,indicator_sentence,金|银,price|company,2、国际贵金属期货普遍收涨，COMEX 黄金期货涨0.29%报4519.20 美元/盎司，COMEX 白银期货涨0.25%,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02570,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,indicator_sentence,锡,price,3、伦敦基本金属多数上涨，LME 期锡涨 2.88%报 58280.0 美元/吨，LME 期铅涨 1.52%报 2037.0 美元/,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02571,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,indicator_sentence,铜|铝,price,吨，LME 期锌涨1.48%报3631.0 美元/吨，LME 期铝涨1.20%报3760.5 美元/吨，LME 期铜涨1.10%报13983.5,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02572,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,indicator_sentence,镍,price,美元/吨，LME 期镍跌0.19%报19215.0 美元/吨。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02573,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,indicator_sentence,金,company,4、欧洲央行发布报告指出，截至 2025 年年底，黄金在全球官方储备资产总额中的占比已升至 27%，,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02574,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,indicator_sentence,金,company,美国国债的同期占比降至22%，黄金成为全球官方储备第一大资产。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02575,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,fact_or_view_sentence,金,company,图 1: 2026-01-22-2026-06-02 股指期货IF2606 合约日K 线走势图黄金分割线和水平线技术分析,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02576,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0260,fact_or_view_sentence,金,company,图 2: 2026-03-17-2026-06-02 股指期货IH2606 合约日K 线走势图黄金分割线和水平线技术分析,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_051_陶金峰38746125117904.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_051_陶金峰38746125117904.pdf,4676efdb47d7ae463cc2c3a046244cce905f1130bb02a565f504a1cc4542490a,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02577,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,fact_or_view_sentence,铜|金|银|锡,company,铜、锡期货将偏强震荡 黄金、白银期货将偏弱震荡,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02578,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,fact_or_view_sentence,金,company,通过宏观基本面分析和黄金分割线、水平线、日均线等技术面分析，预期2026 年6 月期货主力（连,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02579,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,indicator_sentence,金|银,price|company,2、国际贵金属期货普遍收跌，COMEX 黄金期货跌1.70%报4514.80 美元/盎司，COMEX 白银期货跌0.96%,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02580,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,indicator_sentence,铝|锡,price,3、伦敦基本金属多数上涨，LME 期锡涨 2.50%报 56805.0 美元/吨，LME 期铝涨 1.80%报 3732.5 美元/,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02581,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,indicator_sentence,铜|镍,price,吨，LME 期铜涨 1.79%报 13879.5 美元/吨，LME 期锌涨 1.19%报 3582.0 美元/吨，LME 期镍涨 0.86%报,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02582,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,fact_or_view_sentence,金,company,图 1: 2026-01-21-2026-06-01 股指期货IF2606 合约日K 线走势图黄金分割线和水平线技术分析,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02583,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,fact_or_view_sentence,金,company,图 2: 2026-03-04-2026-06-01 股指期货IH2606 合约日K 线走势图黄金分割线和水平线技术分析,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02584,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,fact_or_view_sentence,金,company,图 3: 2026-01-05-2026-06-01 股指期货IC2606 合约日K 线走势图黄金分割线和水平线技术分析,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02585,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,fact_or_view_sentence,金,company,图 4: 2026-01-05-2026-06-01 股指期货IM2606 合约日K 线走势图黄金分割线和水平线技术分析,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02586,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,fact_or_view_sentence,金,company,图 5:2010-04-16-2026-06-01 股指期货主力合约IF2606 月 K 线走势图黄金分割线和水平线技术分析,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02587,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,fact_or_view_sentence,金,company,图 6: 2015-04-16-2026-06-01 股指期货主力合约IH2606 月 K 线走势图黄金分割线和水平线技术分析,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02588,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0261,fact_or_view_sentence,金,company,图 7: 2015-04-16-2026-06-01 股指期货主力合约IC2606 月 K 线走势图黄金分割线和水平线技术分析,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/rare_minor_metals_052_陶金峰41404305117038.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_052_陶金峰41404305117038.pdf,57abc0a5039d3a42b82cf4213be5166c6fd55da6cd4d19a1c623969915c33666,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02589,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,fact_or_view_sentence,钼,policy,全球政策层面看， 美国、 加拿大、 日本、 韩国等主要经济体已将钼纳入,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02590,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,fact_or_view_sentence,钼,policy,关物项纳入出口管制范围， 明确出口需依法申请许可， 标志我国对钼的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02591,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,fact_or_view_sentence,钼,supply, 供给端：全球钼矿产量放缓，大型矿山品位持续下降,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02592,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,indicator_sentence,钼,supply,2025 年全球钼矿产量为26.0 万吨， 同比增长1.56%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02593,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,indicator_sentence,钼,project,量达 1700 万吨，我国钼矿储量全球第一，钼储量达780 万吨，占全球,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02594,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,fact_or_view_sentence,钼,price|demand, 需求端：金属材料向中高端升级，钼消费量持续上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02595,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,indicator_sentence,钼,demand,2024 年，全球钼消费量为29.46 万吨，同比增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02596,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,indicator_sentence,钼,demand,长 3.08%，其中中国钼消费量达13.83 万吨，同比增长9.52%，占比全,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02597,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,fact_or_view_sentence,钼,supply|demand,钢铁行业是钼的核心需求行业，钼作为钢材冶炼,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02598,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,fact_or_view_sentence,钼,supply,来全球钼矿产量增速放缓， 叠加大型矿山品位持续下降， 未来供给约束,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02599,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,fact_or_view_sentence,钼,supply|company,建议重点关注我国钼矿产量第一梯队金钼股份、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02600,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0262,fact_or_view_sentence,钼,price|policy,1.钼政策及供需缺口推动钼价长期上涨 .................................................................... 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_053_马捷12845015082708.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_053_马捷12845015082708.pdf,3fe4d8d5291c3e4253274634041a35f6c82cbf958e71fe8c1606098a8aa335c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02601,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,company,金钼股份(601958)公司研究报告 2026 年 04 月 30 日,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02602,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,company,——金钼股份(601958)首次覆盖报告,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02603,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,price|company,面对钼产品价格同比上涨的有利时机，公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02604,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,price, 钼供需格局趋紧，或将推动钼价长期上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02605,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,supply|demand,国内钼供给刚性约束难以缓解， 需求端传统与新兴领域协同增长， 供需上仍,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02606,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,indicator_sentence,钼,supply,球总产量的 37.31%，但行业整体钼产量收缩，且我国钼矿探矿权和采矿权,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02607,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,supply,数量均呈下降趋势， 上游供给收紧有望持续提振钼价。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02608,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,demand|project,造业的持续增长， 钼钢、 油气管道建设、 新能源汽车等诸多终端应用需求的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02609,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,company|project,紫金矿业签订《合作意向书》 ，共同开发沙坪沟钼矿，公司收购紫金矿业持,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02610,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,supply|company,公司在钼炉料 （以钼精矿为主） 方面有完善的浮选及冶炼工艺技术， 在钼化,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02611,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,demand,的快速发展， 钼需求量将保持稳定增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02612,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0263,fact_or_view_sentence,钼,cost,1.2 产品结构分化，钼炉料贡献主要收入和利润 ............................................... 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_054_马捷14240985085539.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_054_马捷14240985085539.pdf,954dd264f1f710b02d1998d58da13a147b7f027974bc4cfca2350a8dcb361f7d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02613,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,fact_or_view_sentence,金|锑,price,[Table_Title] 贵金属价格持续震荡，锑价回涨明显,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02614,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,fact_or_view_sentence,钴|锑,price, 金属价格：锑价回升，钴价涨幅领跑,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02615,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,fact_or_view_sentence,金,price|company,截至 11 月 21 日，COMEX 黄金收盘价为 4062.80 美元/盎司， 近2 周,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02616,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,fact_or_view_sentence,银,price,COMEX 白银收盘价为 49.66 美元/盎司，近 2 周上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02617,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,indicator_sentence,铜,price,"2.98% LME 铜现货结算价为 10,685.50 美元/吨， 近2 周下跌 0.32%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02618,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,indicator_sentence,铝,price,"LME 铝现货结算价为 2,766 美元/吨，近 2 周下跌 2.66%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02619,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,indicator_sentence,稀土,price|company,国稀土价格指数报 206.73，近2 周下降 1.21%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02620,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,indicator_sentence,锂,price,"锂（60%、4.4V/国产）均价为 343,500 元/吨，近 2 周价格不变，年",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02621,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,fact_or_view_sentence,钨,supply|demand,《国元证券行业研究-钨行业研究报告： 供给趋紧需求增加， 钨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02622,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,fact_or_view_sentence,稀土,policy|company,稀土管制政策进一步升级》2025.10.14,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02623,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,fact_or_view_sentence,稀土,company,5.稀土 ..................................................................................................................... 10,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02624,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0264,fact_or_view_sentence,金,price|company,图 4：COMEX 黄金价格走势（美元/盎司） ..................................................... 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_055_马捷，石昆仑11920674936053.pdf,db5f47222dd06c7aee8beb6f78fe5306e1bc476f210581f1064fea6386619efd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02625,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,fact_or_view_sentence,金,company,湖南黄金(002155)公司研究报告 2025 年 11 月 15 日,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02626,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,fact_or_view_sentence,金,company,——湖南黄金（002155）公司首次覆盖报告,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02627,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,fact_or_view_sentence,锑,company, 国资背景的金锑资源龙头， “金+锑”双轮驱动保障公司持续发展,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02628,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,fact_or_view_sentence,金|钨|锑,supply|company,公司主要从事黄金和锑、 钨等有色金属的开采、 选矿、 冶炼及加工， 以及黄,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02629,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,fact_or_view_sentence,金|钨|锑,company,化渣滓溪锑矿、 沅陵沃溪金锑钨矿、 平江黄金洞金矿、 平江万古金矿、 新邵,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02630,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,fact_or_view_sentence,锑,company,龙山金锑矿等，截至 2024 年底，公司拥有和控制矿业权 30 个，其中探矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02631,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,fact_or_view_sentence,金,price|company,2025Q1-Q3，受益黄金等金属价格持续走高，公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02632,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,fact_or_view_sentence,金,company|project, 老牌国企黄金资源充足，建设项目落地及注入预期保障公司未来发展,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02633,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,indicator_sentence,金,company,"公司共生产黄金 46,328 千克，同比减少 2.87%，其中生产标准金 44,012",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02634,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,fact_or_view_sentence,锑,price, 全球锑矿开发龙头，充分受益价格上涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02635,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,indicator_sentence,锑,company,"截至 2024 年末，公司锑保有资源储备量 323,060 吨。",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02636,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0265,indicator_sentence,锑,price|company,同比增加 7.12%，公司作为全球锑矿龙头之一，充分受益本轮锑价上涨，为公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_056_马捷，石昆仑8262794926376.pdf,80df939b2501975bc487f2c31f901284138ed6801608c9d6441e23689fa04563,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02637,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,fact_or_view_sentence,铜|铝|镍|锡,price,沪铜指数 沪铝指数 沪锌指数 沪铅指数 沪镍指数 沪锡指数,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02638,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,indicator_sentence,锡,inventory,锡全球可见库存持续去化，周度去化523吨来到18029吨。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02639,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,fact_or_view_sentence,铜,price,Wind 沪铜指数:收盘价 日 点 M0330365 Wind,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02640,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,indicator_sentence,铜,supply,铜：供应：国内电铜5月产量环比下降0.8%，4月铜材进口同比增加2.8%,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02641,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,indicator_sentence,铜,supply,铜：供应：4月废铜进口同比增加14%，废铜票点9-10%,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02642,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,indicator_sentence,铜,supply|demand,铜：需求：周度精铜制杆开工率61%环比下行0.9%，电线电缆4月开工率环比上行3%,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02643,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,indicator_sentence,铜,demand,铜：需求：4月全球新能车销售同比增加8.5%,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02644,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,fact_or_view_sentence,铜,demand,铜：需求：地产数据偏弱，集成电路和电网电源投资继续偏强,converted_text_page_14_sentence_scan,14,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02645,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,indicator_sentence,铜,inventory,铜：库存：全球交易所库存120.6万吨，周度去库0.3万吨,converted_text_page_15_sentence_scan,15,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02646,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,indicator_sentence,铜,price|inventory,铜：库存：国内库存28.65万吨周度累库0.57万吨，LME注销占比维持30%,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02647,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,fact_or_view_sentence,铜,inventory,SMM中国电解铜社会库存（周）：保税区库存,converted_text_page_16_sentence_scan,16,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02648,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0266,fact_or_view_sentence,铜,price|cost,铜：估值：TC周度-108.6美金，硫酸价格1758元,converted_text_page_17_sentence_scan,17,ana-data/cases/有色案例/converted/rare_minor_metals_057_马芸16707425114880.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_057_马芸16707425114880.pdf,449bc9580cc7789ad3888b3da402b1fb8b1d2b37463de0fae31751f2be7b6ead,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02649,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,fact_or_view_sentence,铜|金|钼,supply|company,洛阳钼业：铜产量增长超预期，黄金资源启新程,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02650,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,fact_or_view_sentence,铜|钴,supply, 铜矿产量超预期，刚果禁令影响钴销售,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02651,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,indicator_sentence,铜|钴,company,公司铜产品收入 550.96 亿元（同比+31.63%），钴产品收入 61.71 亿元,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02652,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,fact_or_view_sentence,钴,policy|company,果金自 2025 年 2 月至 10 月暂停钴出口，后续实施配额，公司 2026/27,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02653,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,indicator_sentence,铜,price|company,价：2025 年公司主要金属价格均实现增长：铜均价 9944.94 美元/吨（同,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02654,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,indicator_sentence,钴|钼,price,比+8.73%），钴均价 16.08 美元/磅（同比+42.81%），钼铁均价 24.38,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02655,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,indicator_sentence,钨,price,万元/吨（同比+5.63%），仲钨酸铵均价 31.75 万元/吨（同比+57.41%），,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02656,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,fact_or_view_sentence,金,company,公司积极布局黄金资源，2025 年完成对厄瓜多尔奥丁矿业及巴西 4 座金,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02657,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,indicator_sentence,金,supply|company,2026 年预计黄金年化产量为 6-8 吨，黄金板块将贡献实质性增量。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02658,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0267,fact_or_view_sentence,铜|金,company,把握贵金属上行趋势，战略性做大黄金业务，有望通过铜金双驱构筑长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf.txt,ana-data/cases/有色案例/raw/rare_minor_metals_058_黄玺，许勇其3086465051987.pdf,24a688460ef2d5d1f5037d8eefea7e4ed19f505c687522899e0676243f4e6d61,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02659,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,fact_or_view_sentence,金,supply,所分化，其中贵金属及小金属表现较强，主要受全球央行购金、地缘局势反复及部分品种供应偏紧支撑，而基本金属及金属新材料阶段性承压。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02660,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,indicator_sentence,金,cost,26Q1贵金属行业实现营收1283.93亿元，同比+53.15%，环比+22.84%，实现归母净利润81.62亿元，同比+109.39%，环比,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02661,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,indicator_sentence,金,price|company,价格方面，2025 年黄金均价为3447.81美元/盎司，同比+44.26%，26Q1 COMEX黄金均价同比+63.31% ，主要系全,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02662,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,indicator_sentence,银,price,+41.91% ，26Q1白银均价同比大幅+157.16%，整体呈宽幅震荡上行走势。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02663,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,fact_or_view_sentence,铜|铝,price,• 基本金属：26Q1铜铝价格震荡上行，企业业绩全面提升。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02664,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,risk_sentence,铜,supply|policy|risk,同比+102.81% ，环比+32.40%1）铜：26Q1铜价整体偏强震荡，主要受地缘局势、美国关税政策及通胀预期反复扰动影响，矿端供应偏紧格局延续，铜精矿加工,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02665,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,risk_sentence,铜,demand|risk,费持续下滑，而电网投资、新能源车及风光装机维持较强需求，对铜价形成支撑。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02666,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,fact_or_view_sentence,铝,supply|demand,2）铝：供给端国内运行产能已接近产能天花板，下游加工企业3月后逐步复产，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02667,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,fact_or_view_sentence,铝,price|inventory|demand,汽车需求维持高景气，对铝消费形成支撑，但光伏需求边际有所转弱，同时社会库存明显累积，对现货价格形成一定压制。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02668,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,risk_sentence,锡,supply|demand|risk,出口收紧叠加海外矿区扰动，全球锡供给持续偏紧，锡板块电子行业需求边际修复，带动锡价整体维持高位。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02669,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,fact_or_view_sentence,钨,supply|demand,钨方面， 供给收缩、海外战略储备需求升温及行业,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02670,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0268,fact_or_view_sentence,钨,price|supply|demand,长单挺价共同推动钨价大幅上涨，但3月后矿山复产及高价抑制需求导致市场转入博弈阶段。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_001.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_001.pdf,f51f5d4afde0c50101ccdc7423c4b1d62ced64cfb835839717795ae8fc27429d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02671,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,fact_or_view_sentence,金|锂,cost|company,有色金属《盐湖锂：白色黄金，成本之王》,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02672,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,fact_or_view_sentence,金,price,贵金属：地缘政治逐步明朗，贵金属价格预期逐步回升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02673,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,risk_sentence,金,price|risk,场风险偏好预期上升，而美元指数走弱，预期贵金属价格将逐步回升。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02674,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,fact_or_view_sentence,金,company,相关标的：赤峰黄金、 山东黄金、 招金矿业、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02675,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,risk_sentence,铜,risk,铜：地缘扰动与供需挺价共振，铜价震荡偏强。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02676,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,fact_or_view_sentence,铜,price,好修复，美元指数走弱，铜价及铜相关标的价格上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02677,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,fact_or_view_sentence,铝,price|inventory|supply,铝：国内海外供应缺口支撑价格偏强运行，国内铝锭社会库存拐点临近。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02678,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,indicator_sentence,铝,supply,端， 本周铝加工开工率环比持稳于64.7%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02679,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,indicator_sentence,锡,inventory,社会库存环比累库 0.1 万吨，巩义地区社会库存拐点已现，无锡地区仍有部分,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02680,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,fact_or_view_sentence,铝,company,推荐：云铝股份、天山铝业、中国铝业、中国宏桥、神火,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02681,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,fact_or_view_sentence,锂,supply,产量端，锂辉石原料的碳酸锂产量连续走低，整体供给上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02682,ANA-YS-INDUSTRY-001,BATCH-003,SB009,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0270,fact_or_view_sentence,稀土,company,我们持续看好稀土作为关键战略资源的投资,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_004.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_004.pdf,a82603527b1251124ce43acacc098788b121e2bc306993bad0eaa956cedaffa1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02683,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,fact_or_view_sentence,金,price,贵金属： 通胀叙事压制贵金属价格， 美联储主席强调独立性。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02684,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,fact_or_view_sentence,金,price,CPI 数据均有所抬升，通胀叙事持续压低贵金属价格。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02685,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,fact_or_view_sentence,金,company,相关标的：山东黄金、招金矿业、盛达资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02686,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,fact_or_view_sentence,铝,inventory,铝：宏观预期偏弱，国内铝锭库存迎来拐,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02687,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,indicator_sentence,铝,supply|demand,示，铝加工开工率回升 0.2 个百分点至 64.4%，出口增量带动需求。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02688,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,fact_or_view_sentence,铝,company,铝股份、天山铝业、中国铝业、中国宏桥、神火股份、南山铝业；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02689,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,risk_sentence,锡,supply|risk,锡： 供给扰动支撑锡价， 锡股关注景气兑现与盈利上修。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02690,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,risk_sentence,锡,risk,复产不及预期、雨季临近及印尼税费扰动仍支撑锡价；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02691,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,fact_or_view_sentence,锡,inventory|demand,业采购，库存去化更多来自低价补库而非需求全面转强，预计锡价短期震荡为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02692,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,risk_sentence,锂,inventory|supply|risk,下降，津巴布韦对供给的扰动正在发生，碳酸锂库存继续去化。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02693,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,fact_or_view_sentence,镍,price|supply|policy,紧镍矿配额，重新定义镍价公式，镍供给从过剩逐步走向平衡，叠加硫磺价格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02694,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0271,fact_or_view_sentence,稀土,company,中长期展望来看，我们持续看好稀土作为关,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_005.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_005.pdf,f5a94cdf08947dcdd5bf044d220a35aafa0515a63550bf1e8d472fbf63d782da,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02695,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,金,company,相关标的： 山东黄金、 招金矿业、 盛达资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02696,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,铜,demand,国内精铜杆、 线缆、 漆包线订单阶段性回暖， 社库持续去化；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02697,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,铜,policy,6 月底美关税落定前，或仍有货源流向美国，铜供需韧性支撑铜价。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02698,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,铝,price|inventory,LME 铝价高位震荡，国内库存去库速度加快。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02699,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,铝,supply|demand,需求端， 步入淡季， 铝加工龙头企业开工率下降 0.4,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02700,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,铝,price|inventory,库存端，LME 库存处于 20 年低位水平，为铝价提供底,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02701,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,indicator_sentence,铝,inventory,SMM 国内电解铝社会库存 131.2 万吨， 环比去库6.3 万吨， 去库速度,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02702,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,铝,company,推荐：云铝股份、天山铝业、中国宏桥、神火股份、南山铝业；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02703,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,risk_sentence,锡,supply|demand|risk,锡：供给扰动支撑锡价，AI 需求支撑估值修复。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02704,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,镍,policy,镍板块：印尼年中或将释放第二批镍矿配额，重新定义镍,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02705,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,镍,price|supply,价公式，镍供给从过剩逐步走向平衡，叠加硫磺价格偏强，预期镍价中枢逐步,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02706,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0272,fact_or_view_sentence,稀土,price|company,上周稀土价格涨跌互现，呈小幅波动态势，市场活,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_006.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_006.pdf,5894ba8b212e870fc0fd7cfca2d47719ef03523a9d8973f708225b9762758d5e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02707,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,fact_or_view_sentence,金,price,贵金属：地缘有所反复，通胀叙事压制贵金属价格。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02708,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,fact_or_view_sentence,金,company,相关标的：山东黄金、招金矿业、盛达资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02709,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,risk_sentence,铜,risk,铜：宏观扰动与矿端偏紧交织，铜价震荡为主。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02710,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,fact_or_view_sentence,铜,supply|demand,需求端，高铜价叠加五一假期影响，精铜杆、线缆、再生铜杆开工均回落，下,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02711,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,indicator_sentence,铝,inventory,库存端，据 SMM 统计上周全国铝锭社会库存为 145.6 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02712,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,fact_or_view_sentence,铝,company,股份、天山铝业、中国铝业、中国宏桥、神火股份、南山铝业；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02713,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,risk_sentence,锡,supply|risk,供给端，缅甸佤邦复产不及预期，曼相锡矿仅恢复至禁,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02714,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,fact_or_view_sentence,锂,inventory|demand,碳酸锂库存开始去化，需求正逐步走高，供需,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02715,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,fact_or_view_sentence,锂,company,推荐：盛新锂能、雅化集团、藏格矿业、赣锋锂,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02716,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,fact_or_view_sentence,镍,price|supply,镍价公式，镍供给从过剩逐步走向平衡，叠加硫磺短缺带来的价格偏强，预期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02717,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,fact_or_view_sentence,稀土,price|company,节后稀土整体交投氛围较弱，价格有所回调，中长期展,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02718,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0273,fact_or_view_sentence,稀土,company,望来看，我们持续看好稀土作为关键战略资源的投资价值。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_007.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_007.pdf,c1fcc6108d2f41044563e2407f8c698773fa5ba5ba5dcc371992cedeb77b84c7,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02719,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0274,indicator_sentence,钴|镍,price,✓ 电池：钴、镍：钴现货价下跌 4.2%，镍现货价下跌 2.1%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_008.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_008.pdf,492b51e664141bfe05d9174892c088adda1fae1808154f6062ebd8b0626551ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02720,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0274,indicator_sentence,锂,price,锂：六氟磷酸锂现货价下跌 1.3%，碳酸,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_008.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_008.pdf,492b51e664141bfe05d9174892c088adda1fae1808154f6062ebd8b0626551ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02721,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0274,indicator_sentence,锂,price,锂现货价上涨 7.0%，氢氧化锂现货价上涨 5.0%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_008.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_008.pdf,492b51e664141bfe05d9174892c088adda1fae1808154f6062ebd8b0626551ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02722,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0274,indicator_sentence,金|银,price,贵金属：COMEX 金价下跌 2.6%，COMEX 银价上涨 0.2%。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_008.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_008.pdf,492b51e664141bfe05d9174892c088adda1fae1808154f6062ebd8b0626551ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02723,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0274,indicator_sentence,铜,price,工业金属：LME 铜上涨 1.5%，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_008.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_008.pdf,492b51e664141bfe05d9174892c088adda1fae1808154f6062ebd8b0626551ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02724,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0274,indicator_sentence,铝,price,LME 铝下跌 1.7%，LME 铅下跌 1.8%，LME 锌上涨 1.2%。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_008.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_008.pdf,492b51e664141bfe05d9174892c088adda1fae1808154f6062ebd8b0626551ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02725,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0274,indicator_sentence,稀土|锑,price|company,稀土：镨钕氧化物价格下跌 1.1%，锑价格下跌 9.0%。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_008.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_008.pdf,492b51e664141bfe05d9174892c088adda1fae1808154f6062ebd8b0626551ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02726,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0274,indicator_sentence,金,company,黄金期货 -2.6% -10.2% -16.6% -2.1% 24.5% -0.8% -3.5% -13.9% -22.7% -25.9%,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_008.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_008.pdf,492b51e664141bfe05d9174892c088adda1fae1808154f6062ebd8b0626551ea,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02727,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,钴,policy,钴：刚果（金）出口配额落地，2026-2027年持续紧张。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02728,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,钴,supply,刚果（金）近年来钴产量持续上行，但刚果（金）在,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02729,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,钴,cost,钴的主导地位并未带来相应利润和税收 ，刚果（金）自2025年2月22日发布出口禁令，禁止钴出口4个月，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02730,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,钴,policy,9月22日再度延长出口禁令至 10月15日，10月16日起改为钴出口配额制度 。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02731,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,稀土,supply|policy|company,稀土：供给预期收紧，出口管制助推行业景气度 。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02732,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,稀土,policy|company,2025年度稀土配额不再公开，行业预期收紧。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02733,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,稀土,policy|company,以及10月，我国商务部分别宣布对稀土产业实施战略性管控 ，重点针对中重稀土相关产品进行出口管制；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02734,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,稀土,supply|demand|policy|company,此外，稀土供给受到技术出口管制的进一步制约 ，需求出口具备韧性 ，未来亦有新增长点；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02735,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,稀土,company,土受益于其本身作为资源以及战略金属的价值拉动，我们持续看多稀土永磁板块。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02736,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,钨,supply,钨精矿供应持续收紧，逻辑有三：1、我国钨矿开采持续实行管控与指标,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02737,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,钨,price,硬质合金根基稳健 ，亦有军工、光伏等增长点 ，叠加钨作为战略金属的重要价值 ，我们认为钨价易涨难跌 。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02738,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0275,fact_or_view_sentence,锡,demand,锡：缅甸佤邦复产进度缓慢，AI提供需求新增长点。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_009.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_009.pdf,c4f4f43e0b6559ee281add2764487116879b5bfea45d5303bc50c556ec28a302,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02739,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0277,indicator_sentence,稀土,company,期 稀土磁材 005933.OF 前海联合先进制造 A 张志成 0.03 53% 0% 45% 0% 0% 2%,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_011.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_011.pdf,18aa716d042f4d8762bb729df817909ec7725051361eb577a1d28ae0c052b163,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02740,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0277,fact_or_view_sentence,稀土,company,周期 稀土磁材 005933.OF 前海联合先进制造 A 张志成 金属新材料 35.6 小金属 31.37,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_011.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_011.pdf,18aa716d042f4d8762bb729df817909ec7725051361eb577a1d28ae0c052b163,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02741,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,company,稀土：国之重器，供需格局改善行业景气回升,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02742,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,company,稀土： “现代工业维生素” ，不可再生的稀缺性战略资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02743,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,company,在地壳中分布较为分散的一组金属元素， 可分为轻稀土（ 镧、、 、、 、、 、、 、、 、、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02744,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,company,铕、钆）与重稀土镧铽、镝、钬、铒、铥、镱、镥、钪、钇）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02745,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,supply|company,供给：中国主导稀土全产业链，海外补链进程加速。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02746,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,indicator_sentence,稀土,company,量结构：2025 年全球稀土资源共 8500 万吨 REO，中国占比 51.8%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02747,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,supply|company,虽然在过去十年间稀土供应趋于多元， 但中,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02748,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,supply|company,国在全球稀土资源供应仍占据主导地位。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02749,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,supply|policy|company,镧2） 中国供应： 中国稀土政策直接决定全,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02750,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,supply|company,中国长期实行稀土开采及冶炼分离总量控制， 自2024 年起指标增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02751,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,company,2025 年 8 月 22 日，工信部、发改委、自然资源部发布《稀土开,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02752,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0278,fact_or_view_sentence,稀土,supply|company,采和稀土冶炼分离总量调控管理暂行办法》 ，标志着稀土监管全面提级，或在总量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_012.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_012.pdf,8646f9ae68b028749eebf015b24ae0e2da5c5995d33f248df133859b2b876cda,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02753,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,indicator_sentence,金,price,涨 6.35%，贵金属板块下跌 2.44%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02754,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,fact_or_view_sentence,金,company,面，我们认为当下黄金的核心逆风因素包括： 1、原油购买国选择抛售部分黄金以,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02755,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,fact_or_view_sentence,铜,inventory,铜：Comex 库存持续抬升叠加加息交易临近尾声，短期铜价震荡偏强。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02756,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,indicator_sentence,铜,price,"日，伦铜报收13,714 美元/吨，周环比上涨1.45%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02757,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,indicator_sentence,铜,price,"沪铜报收104,660 元/吨，周环比下",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02758,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,indicator_sentence,铜,supply|cost,供给端，截至6 月12 日，进口铜矿TC 维持-108 元/吨，再度刷新历史低,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02759,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,fact_or_view_sentence,铜,supply,位，冶炼端国内进入年度检修高峰期，海外赞比亚多家炼厂集中开展大修，湿法铜产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02760,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,fact_or_view_sentence,铜,inventory,易商提前备货，短期采购意愿有所提升，Comex 加速虹吸全球铜可流通库存，海外铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02761,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,fact_or_view_sentence,铜,inventory|policy,展望后市， 我们预计6.30 美国铜关税落地前库存转移逻辑持续生效，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02762,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,fact_or_view_sentence,铜,supply,叠加加息交易临近尾声以及冶炼厂检修，铜价预期震荡偏强，关注下周6 月FOMC会,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02763,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,fact_or_view_sentence,铝,inventory,铝：海内外同步去库，铝价维持震荡走势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02764,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0279,fact_or_view_sentence,铝,price,"截至6月12 日，本周LME 铝报收3,543 美",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_013.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_013.pdf,790bde721093a5c2b004163821142a7824ae2d987b5031124c91de551344ce96,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02765,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,fact_or_view_sentence,金,price,美国非农就业数据大超预期致贵金属价格再,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02766,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,indicator_sentence,金,price,6.26%， 小金属板块上涨2.84%， 贵金属板块下跌2.64%， 工业金属板块下跌3.02%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02767,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,fact_or_view_sentence,金,price,息预期恐短期维持高位，贵金属价格将估值承压，然而随着金价回调至低位，中国,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02768,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,indicator_sentence,金,price|company,央行 5月增持黄金 9.95吨，若后续上述因素有所消散，则价格有望重回上行轨道。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02769,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,risk_sentence,铜,policy|risk,铜：美国电解铜关税预期与加息扰动共同作用，短期铜价维持震荡走势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02770,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,indicator_sentence,铜,price,"日，伦铜报收13,517 美元/吨，周环比下跌0.69%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02771,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,indicator_sentence,铜,price,"沪铜报收105,150 元/吨，周环比上",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02772,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,indicator_sentence,铜,price|supply|cost,供给端，本周进口铜矿TC 进一步下跌至-108 元/吨，再度刷新历史低位，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02773,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,fact_or_view_sentence,铜,price|inventory|supply|policy,美国铜进口关税裁决临近，Comex 加速虹吸全球铜可流通库存，LME 与国内库存,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02774,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,risk_sentence,铜,risk,预期影响，美国年内加息预期大幅提升，我们预计短期铜价将受到估值端压力，中期,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02775,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,fact_or_view_sentence,铝,inventory|demand,铝：需求进入淡季而海内外去库共振，铝价维持震荡走势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02776,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0280,indicator_sentence,铝,price,"铝报收3,604 美元/吨，周环比下跌1.92%；",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_014.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_014.pdf,98c3476993ee7592d07775cba560d8518bc05723c7605ff924adccd93629ebba,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02777,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,fact_or_view_sentence,稀土,price|company,本周镨钕及磁材价格回落，中重稀土价格稳中偏强,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02778,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,indicator_sentence,稀土,price|company,❑ 市场行情：本周稀土磁材行业上涨 0.77%，跑赢基准 1.59pct,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02779,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,indicator_sentence,稀土,price|company,据 Wind 数据，本周1稀土磁材行业上涨 0.77%，跑赢基准（沪深 300）,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02780,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,fact_or_view_sentence,稀土,price|company,❑ 本周稀土精矿价格保持平稳，镨钕价格回落，镝价震荡平稳、 铽价继续,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02781,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,indicator_sentence,稀土,price,据 Wind 数据，本周氧化镨钕均价回落 1.19%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02782,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,fact_or_view_sentence,稀土,price|demand,低价出货但厂家挺价， 实际成交僵持， 周内下游磁材补货对价格有一,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02783,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,fact_or_view_sentence,稀土,price,据 Wind， 本周毛坯烧结钕铁硼N35 均价回落,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02784,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,fact_or_view_sentence,稀土,price,本周上游原料市场走势分化， 镨钕价格,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02785,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,fact_or_view_sentence,稀土,price|demand,终端不愿高价拿货，磁材厂接单价格承压走低。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02786,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,fact_or_view_sentence,稀土,supply|company,本周稀土供应端整体增加预期不强， 一方面原矿均受指,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02787,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,fact_or_view_sentence,稀土,demand,前磁材企业生产运行平稳， 头部企业订单尚可， 前期新增订单弱于预,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02788,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0281,fact_or_view_sentence,稀土,inventory,而磁材企业普遍原料库存偏低， 长协价较高有利于市场散货,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_016.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_016.pdf,c70c8e5645f4b93823e72b2e2be29e622f18590a1a635b5b78bcf126fc04b00d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02789,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,supply|company,❑ 公司是高性能稀土永磁材料的领先供应商，业务多基地布局,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02790,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,company,公司是集研发、生产和销售高性能钕铁硼永磁材料、磁组件及稀土永磁,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02791,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,price|supply|company,2023-2024 年公司面临稀土磁材价格下行周期及底部徘徊期，尽管产能,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02792,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,price|supply|company,季度公司产能利用充足叠加稀土磁材价格回升，营收稳步增长，业绩大,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02793,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,price|company,2025 年以来随着主要稀土原材料市场价格回升，公司灵活调,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02794,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,supply,高，未来高性能磁材产能规模仍有扩张空间。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02795,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,supply|company,产基地靠近原料产地，与主要稀土供应商建立长期的战略合作，为原料,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02796,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,company,公司构建稀土回收循环体系，其业务净利率较高。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02797,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,price|supply|company,及新产能释放增量，叠加稀土原料端收缩带来产品价格的回升，整体业,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02798,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,supply|company,1 公司是高性能稀土永磁材料的领先供应商，业务多基地布局 ....................................................................... 2,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02799,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,demand,3.1 新能源及节能领域对高端磁材需求有望持续增长 ....................................................................................... 8,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02800,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0282,fact_or_view_sentence,稀土,price|company,图 15 国内稀土精矿价格走势.............................................................................................................................. 13,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_017.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_017.pdf,d95b614479dc11f8aab181ab3bcfcc44f189ff0aa61c59da4b55048d93733c71,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02801,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,risk_sentence,金|稀土,risk|company,“滞”的风险与战略主题共振，看好贵金属和稀土的年度行情,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02802,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,金|稀土,company,金属新材料团队 • 贵金属 + 稀土中期策略 报告,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02803,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,金|银,price,1-5月，金银价格冲高后出现显著调整，美伊战争对贵金属的压制逻辑是“不降息or加息”和“衰退”预期同时出现——,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02804,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,金,price,• 战争催涨油价—>通胀上行预期—>压制美联储宽松预期—>不降息or加息—>流动性紧缩预期and美元走强—>压制贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02805,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,金,price,• 原油运输受阻—>油价大涨—>能源危机乃至衰退预期—>流动性紧缩预期—>贵金属、美债等资产存在抛压—>美元被动走强—>压制贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02806,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,risk_sentence,金,risk,国当前面临的经济压力、以及高油价传导来的新压力或将重新得到关注，进而从缓解央行紧缩预期的角度利好贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02807,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,金,company,黄金股盈利释放的同时，还需重点关注黄金股的估值修复弹性。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02808,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,金,company,综合考虑盈利释放的稳定性，建议关注中金黄金、山金国际、万国黄金集团、,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02809,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,金|锡,company,灵宝黄金、紫金黄金国际、中国黄金国际、赤峰黄金、盛达资源、兴业银锡等。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02810,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,稀土,price|supply|company,稀土：供给紧缩预期持续，看好26H2的稀土价格走势，关注稀土板块的估值拔升机会,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02811,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,稀土,supply,全球氧化镨钕产量增速在2025年显著放缓，中国的增速收缩更为明显。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02812,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0283,fact_or_view_sentence,稀土,supply,进口矿和回收成为氧化镨钕理论供给的重要支撑；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_018.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_018.pdf,64a03a6eb5f185b66a50ad02678bb486da0f6bc778301a571ff79f7fd67b1c32,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02813,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,fact_or_view_sentence,金,price,预计短期贵金属维持震荡，静待市场预期反转，建议关注权益市场超跌后的左侧布局机会。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02814,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,fact_or_view_sentence,金,price,• 战争催涨油价—>通胀上行预期—>压制宽松预期—>压制贵金属。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02815,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,risk_sentence,金,price|risk,• 原油运输受阻&油价大涨—>能源危机+衰退预期—>流动性危机预期—>风险资产普跌—>贵金属跟随下跌。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02816,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,fact_or_view_sentence,金,price,• 总结：本周美伊谈判仍未取得显著进展，市场预期的反复拉扯明显压制了贵金属板块的走势 ，但国际金价的周度跌幅已环比收窄，或侧面,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02817,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,fact_or_view_sentence,金,price,（3）美联储再次“按兵不动”，并在能源价格冲击下表达了中性偏鹰的立场，配合3月超预期的PCE数据，压制降息预期和贵金属短期走势。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02818,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,risk_sentence,金,risk,（4）不过也要明确，贵金属并没有发生长期逻辑的反转，短期压力不改长期趋势。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02819,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,fact_or_view_sentence,金,company,建议关注业绩释放稳定、自身质地优秀、成长潜力较大、估值水平合理的贵金属公司，如中金黄金、山金国际、万国黄金集团、紫金黄金国际、,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02820,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,fact_or_view_sentence,金|锡,company,赤峰黄金、中国黄金国际、盛达资源、兴业银锡等。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02821,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,fact_or_view_sentence,稀土,price|supply|company,➢ 稀土&磁材：本周稀土价格窄幅震荡，4月氧化镨钕产量环比小幅缩减。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02822,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,fact_or_view_sentence,稀土,price|supply,但氧化镨钕现货供应依旧偏紧，上游持货商报价坚挺，低价货源难询，对价格形成支撑。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02823,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,indicator_sentence,稀土,supply,此外，4月氧化镨钕产量环比缩减约3%，减量主要,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02824,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0284,fact_or_view_sentence,稀土,company,在地缘问题与逆全球化大背景下 ，稀土磁材的产业战略价值将,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_019.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_019.pdf,a16233460179a93999130894c505a647d340d6d1b356284c44ca223a22723036,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02825,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,稀土,company,统筹发展与安全，持续增强稀土、稀有金属等战略性矿产竞争优势，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02826,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,稀土,company,化，同时驱动电机采用高性能稀土磁材保障各关节精准运动。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02827,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,稀土|钨|钼,company,方稀土（600111）、洛阳钼业（603993）、厦门钨业（600549）。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02828,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,稀土,company,1） 高性能稀土磁材 ............................................................... 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02829,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,铝,supply,图 1 ：国内铝合金产量（万吨） ......................................................... 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02830,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,铝,supply,图 2 ：国内铝材总产量（万吨） ......................................................... 6,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02831,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,锂,demand,图 12 ：全球锂离子电池出货量（GWh） .................................................. 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02832,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,铜,price,图 13 ：6μm 及 8μm 电池级铜箔价格（万元/吨） ........................................ 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02833,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,稀土,price|company,图 14 ：稀土价格指数（数据截至 4 月 27 日） ............................................ 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02834,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,稀土,price,图 15 ：氧化镨钕价格（元/公斤，数据截至 4 月 27 日） ................................... 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02835,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,稀土,company|project,图 16 ：2025 年全球稀土储量分布情况 .................................................. 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02836,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0285,fact_or_view_sentence,稀土,supply|company,图 17 ：2025 年全球稀土产量占比情况 .................................................. 13,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_020.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_020.pdf,f3c32c65d758018c9e1ebba35bb994b407cba6fdc17899ca28c6532fc68438b4,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02837,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,price|company, 供需优化或推动稀土产品价格再度上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02838,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,price|company,市场走势进一步分化，轻稀土价格高位回落后再度反弹，中重稀土价,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02839,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,demand|cost|company,轻稀土因稀土精矿成本上调、下游需求预期增长以及出,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02840,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,price|policy|company,年，随着供需格局逐步优化，出口管制加码下，稀土产品价格进一步,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02841,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,supply|demand|policy|company,展望后市，国内稀土供给侧配额增速预计放缓，需求端，人形,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02842,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,demand|company,机器人、低空经济等领域有望在今年打开稀土需求第二增长极，稀土,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02843,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,indicator_sentence,稀土,supply|company,中国稀土产业仍居于全球领先地位，2025年我国稀土产量27万吨，占,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02844,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,company,国内稀土行业解决同业竞争的关键节点，整改落地将强化行业协同与,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02845,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,company,当前全球稀土资源博弈加剧，我国阶段性松绑稀土出,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02846,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,supply|policy|company,口管制彰显产业主导权，2026年全球稀土供给仍偏紧，国内严控配额、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02847,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,company, 稀土磁材推动传统产业升级与新兴领域发展。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02848,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0286,fact_or_view_sentence,稀土,company,稀土磁材作为国家战略性产业核心材料，在,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_021.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_021.pdf,e674ab4d509ba4ec9cd0e9bfa2e7abc5d949eb819d7cf2df4b6c116fc85b4323,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02849,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0288,fact_or_view_sentence,稀土,company,稀土板块驱动收入高增，多业务协同支撑规模扩张。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_023.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_023.pdf,ad7c4034f4298acdb87f1a363787ca3d6d216748ec512b4ce945639f13dc809d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02850,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0288,indicator_sentence,稀土,company,稀土资源综合利用收入 40.81 亿元， 同比增长64.17%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_023.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_023.pdf,ad7c4034f4298acdb87f1a363787ca3d6d216748ec512b4ce945639f13dc809d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02851,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0288,indicator_sentence,稀土,company,稀土磁材收入19.05 亿元，同比增长42.78%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_023.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_023.pdf,ad7c4034f4298acdb87f1a363787ca3d6d216748ec512b4ce945639f13dc809d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02852,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0288,fact_or_view_sentence,稀土,price|supply|company,收入增长主要由“稀土价格上行+公司产能释放+销量增长”共同驱,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_023.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_023.pdf,ad7c4034f4298acdb87f1a363787ca3d6d216748ec512b4ce945639f13dc809d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02853,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0288,fact_or_view_sentence,稀土,company,动，稀土资源综合利用与磁材业务已成为公司规模扩张的核心引,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_023.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_023.pdf,ad7c4034f4298acdb87f1a363787ca3d6d216748ec512b4ce945639f13dc809d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02854,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0288,fact_or_view_sentence,稀土,company,元明显下降，主要系稀土回收及稀土磁材业务规模扩大、部分业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_023.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_023.pdf,ad7c4034f4298acdb87f1a363787ca3d6d216748ec512b4ce945639f13dc809d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02855,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,fact_or_view_sentence,铜,supply|company,2024 年，公司铜及铜合金材料总产量,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02856,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,indicator_sentence,铜,supply,已占国内铜加工材综合产量的 9%， 铜材总产量位居全球第一。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02857,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,fact_or_view_sentence,铜|稀土,demand|company,持续向下游诸多支柱型产业、先进生产力领域提供铜及铜合金、稀土永磁等各类,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02858,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,indicator_sentence,稀土,cost|company,/稀土永磁业务/其他业务毛利占比分别为 64.1%/22.0%/6.8%/7.2%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02859,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,fact_or_view_sentence,铜,company,来看，2023 年铜及铜加工产品产销量达到峰值后， 公司主动收缩部分传统产品产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02860,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,fact_or_view_sentence,铜,cost,能， 压缩低毛利传统产品规模以促进深化产品结构升级，2024 年和 2025 年铜及,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02861,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,fact_or_view_sentence,铜,supply,铜加工产品产量保持相对稳定，盈利提升主要来自于产品结构升级。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02862,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,fact_or_view_sentence,铜,supply|project,核心看点：产品三化提升附加值，建设铜材综合服务供应平台 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02863,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,fact_or_view_sentence,铜,demand|company,散热+机架母线铜材需求快速增长，公司作为铜加工行业龙头有望乘 AI 东风，公,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02864,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,indicator_sentence,铜,supply,司芯片半导体领域铜排产能 3.5 万吨， 机架母线领域铜排产能1.5 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02865,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,fact_or_view_sentence,铜,company,公司计划在广东设立液冷科技子公司，以持续提升芯片半导体和机架母线领域铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02866,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0289,fact_or_view_sentence,铜,project,高精密铜排生产项目”， 进一步推进液冷相关业务专业化及高速发展。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_024.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_024.pdf,b837357c67e31f37b524735a7f6f27f75815c109574a8af951e59a3e5793471e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02867,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,indicator_sentence,金|银,price|company,色指数 下跌 7.39%，贵金属 COMEX 黄金 下跌 4.26%，COMEX 白银 下跌,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02868,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,indicator_sentence,铜|铝|镍|锡,price,工业金属价格铝、 铜、 锌、 铅、 镍、 锡分别变动0.27%，-2.7%，1.62%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02869,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,fact_or_view_sentence,铜|铝|镍|锡,price|inventory,工业金属 LME 库存铝、 铜、 锌、 铅、 镍、 锡分别变,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02870,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,fact_or_view_sentence,铜,supply,铜方面，SMM 进口铜精矿指数-102.84,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02871,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,fact_or_view_sentence,铜,supply,布第 003-2026 号紧急法令，引发市场对于秘鲁能源供应以及铜矿生产的担忧，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02872,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,fact_or_view_sentence,铜,supply|demand,需求端，受到高铜价压制本周开工率环比修复但低于预期 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02873,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,fact_or_view_sentence,铝,supply,铝方面，供给侧海外电解铝仍呈现刚性缺口，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02874,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,fact_or_view_sentence,铝,supply|demand,需求端节后铝加工企业开工率环比持平，预计 5 月下旬或缓慢回暖。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02875,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,fact_or_view_sentence,铝|钼,company,业、紫金矿业、洛阳钼业、中国铝业、宏桥控股、天山铝业、云铝股份、神火股,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02876,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,risk_sentence,锂,risk,能源金属：江西锂矿扰动持续，锂价或高位震荡；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02877,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,fact_or_view_sentence,锂,demand,续，但受到锂电池消费税信息影响 ，锂价冲高回落，下游仍延续刚需采购策略，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02878,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0290,fact_or_view_sentence,镍,policy,实施提升矿产特许权使⽤费及出⼝关税计划，但印尼 RKAB 镍矿配额⼤幅收紧，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_025.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_025.pdf,fdd5ca9e6221e08204315a95abb8370b8eccf6dcddcb3afa403cf6184ba2988c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02879,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,锡,supply|demand,子需求持续增长，锡供给紧缺局面难改，锡价中枢有望持续上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02880,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,钨,supply,钨：高端制造的 “脊梁” ，供给收紧刺激钨价显著上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02881,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,钨,policy,控制，2025 年第一批钨矿配额同比收紧；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02882,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,钨,demand,工、核聚变等新兴需求有望持续放量，供需偏紧格局支撑钨价长期向好。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02883,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,锑,price|supply|policy,锑：供给刚性，出口管制放开利好内外价差收窄 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02884,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,锑,demand,需求侧目前整体较为平稳，锑供需维持偏紧格局；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02885,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,稀土,supply|demand|company,稀土磁材：产业链以中国为中心，管控加强，国内供给增速放缓，中长期需求持,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02886,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,稀土,supply|demand,动新一轮需求，需求端整体稳步增长，镨钕氧化物供给缺口或扩大 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02887,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,锡|钨,company,推荐华锡有色、锡业股份、博迁新材、铂科新材、东方钽业、中钨高新、厦,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02888,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,锡,company,000960.SZ 锡业股份 40.97 1.48 2.82 2.88 28 15 14 推荐,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02889,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,金,company,篇：黄金上行，势不可挡-2026/01/15,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02890,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0291,fact_or_view_sentence,锡|钨,company,荐相关标的： 华锡有色、 锡业股份、博迁新材、铂科新材、东方钽业、中钨高新、,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_026.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_026.pdf,d35a419c03f803fdd89755102db27feaf79fbbd0143d6267454f3421211c2646,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02891,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,金,company,去全球化加速，全球央行购金趋势仍将延续，降息周期下，资金有望继续流入黄金ETF,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02892,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,金|银,price|demand|company,市场，同时财富效应驱动私人部门配置需求显著提升 ，黄金时代行情持续，白银具备超涨期权（建议关注紫金黄金国际、,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02893,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,金,company,赤峰黄金、山金国际、招金矿业、中金黄金、山东黄金、盛达资源、株冶集团等）。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02894,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,铝,supply,电解铝，国内逼近产能天花板，海外供应增长有限，且AI快速发展催生海外缺电减产预期，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02895,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,risk_sentence,铝,demand|risk|company,新能源增长对冲传统领域需求下滑，电解铝景气度有望进一步走高（建议关注中国铝业、中国宏桥、天山铝业、神火股份、,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02896,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,铝,company,云铝股份、中孚实业、南山铝业、索通发展等）；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02897,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,risk_sentence,铜,supply|demand|risk,铜供给扰动不断，除新能源外、AI需求构成重要边际支撑，降息后需求,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02898,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,铜|钼,price|company,复苏看好价格长牛（建议关注紫金矿业、洛阳钼业、金诚信、中矿资源、铜陵有色、西部矿业、河钢资源等）。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02899,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,稀土|钨|锑,company,去全球化背景下，战略小金属（稀土钨锑等）价值持续重估；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02900,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,钴,price|supply,钴供给显著收缩、供给缺口显著，价格继续震荡走高；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02901,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,金|锂|钴|锡|钨,company,关注大中矿业、国城矿业、盛新锂能、华友钴业、腾远钴业、湖南黄金、华钰矿业、锡业股份、中钨高新等）,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02902,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0292,fact_or_view_sentence,金,price|company,◼ 2022年前的十余年，黄金价格由收益性属性主导,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_rareearth_magnet_20260616_027.pdf.txt,ana-data/cases/有色案例/raw/ys_rareearth_magnet_20260616_027.pdf,ba167ddbefe72e7641fc700cd7cb4df4839c1cea92db964a4bd047ac6d491ebe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02903,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,fact_or_view_sentence,铝,company,云铝股份（000807）2025 年报&2026 年一季报点评,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02904,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,fact_or_view_sentence,铝,company,❖ 铝商品量价提升，公司盈利能力显著改善。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02905,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,indicator_sentence,铝,price,铝平均价格同比+4%、-21%，其中四季度，国内电解铝平均价格同比+4.9%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02906,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,indicator_sentence,铝,company,环比+4.0%， 氧化铝平均同比-47%， 环比-10%， 公司全年铝商品销量 323.44 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02907,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,fact_or_view_sentence,铝,supply|company,❖ 公司电解铝权益产能增加，绿电优势逐步凸显。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02908,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,fact_or_view_sentence,铝,company|project,底， 公司收购控股子公司云铝涌鑫、 云铝润鑫和云铝泓鑫少数股东股权， 提升,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02909,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,indicator_sentence,铝,supply|company,公司电解铝权益产能 15 万吨以上。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02910,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,fact_or_view_sentence,铝,company,此外，公司参股投资中铝铝箔（云南）有,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02911,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,fact_or_view_sentence,铝,company|project,限公司， 建设新能源高精板带箔项目， 延伸公司绿色铝产业链， 促进铝水就地,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02912,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,indicator_sentence,铝,supply|company,2026 年，公司计划氧化铝产量约 130 万吨，铝商品产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02913,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,fact_or_view_sentence,铝,price|company,❖ 2026 年 Q1，铝价上行和氧化铝价格下跌带动公司盈利弹性释放。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02914,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0295,indicator_sentence,铝,price|company,季度，国内铝价、氧化铝价格同比+18%、-29%，环比+12%，-5%，带动公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_01.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_01.pdf,728c338e4cbff51eac515d17c0e74b6cfa027aadea5f142b8a35ca375bb30ece,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02915,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,indicator_sentence,锡,price,2025 年，国内锡、 铅、 锌、 银均价分别同比+10%、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02916,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,indicator_sentence,锡,company,-2%、-2%、+35%，公司矿产锡、 矿产银销量7916 吨、298 吨，分别同比+4%、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02917,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,indicator_sentence,银|锡,price|company,+42%，叠加锡银价格上涨，公司实现营收 55.55 亿元，同比+30.09%，其中矿,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02918,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,indicator_sentence,锡,company,产银、 矿产锡合计占总营收近70%， 成为公司业绩的核心支撑， 矿产银收入同,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02919,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,indicator_sentence,银|锡,price|company,比大增 86.70%，主要受益于宇邦矿业并表及银价上涨，矿产锡收入同比增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02920,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,risk_sentence,锡,supply|risk|company, 25 年公司多数矿种产量稳步提升，锡产量因银漫矿业停产出现下滑 。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02921,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,indicator_sentence,锡,company,公司生产矿产银 301 吨、矿产锡 6679 吨、矿产锌 6.67 万吨、矿产铅 1.9 万吨、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02922,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,fact_or_view_sentence,锡,supply|company,矿产银产量大幅增长主要受益于年初并表宇邦矿业带来的增量贡献 ，矿产锡产,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02923,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,indicator_sentence,锡,company|project,为投资主体收购大西洋锡业 100%股权，获得摩洛哥 Achmmach 锡矿，使公司,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02924,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,indicator_sentence,锡,project,锡金属总资源量增至 39.16 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02925,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,fact_or_view_sentence,银,company,根据世界白银协会统计， 公司在白银公司中,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02926,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0296,indicator_sentence,银,supply|company|project,矿业 825 万吨/年扩建工程正在办理开工许可手续，预计年可产白银 450 吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_02.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_02.pdf,223eccadcab352dc095e35eb5951741372bf11a29874442cddc5ce0abaab24c6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02927,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0297,fact_or_view_sentence,金,price|cost,（3）上游金属价格快速增长，成本端铂铑合金价格高涨带动投资成本和运营成本抬升，或,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_03.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_03.pdf,1091704d00775b964606ef95e3502096c6fbf72ee463597d2ba621f394c7c31c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02928,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0297,indicator_sentence,金,price,2026 年 06 月 10 日 中新经纬 A 股低开，深证成指、创业板指跌超 1%，贵金属跌幅居前（点击查看原文）,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_03.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_03.pdf,1091704d00775b964606ef95e3502096c6fbf72ee463597d2ba621f394c7c31c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02929,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,金,price,征，深入分析1970 年以来局部战争对贵金属价格的影响，并结合供需两端核心变量，给出贵金属资产的,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02930,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,银,demand,综合来看，白银短期具备避险属性，军工需求有望随大国博弈持续增长。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02931,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,金,price,对比铂钯两品种，我们认为铂金价格上方的上涨空间更加充裕。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02932,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,稀土,company,美国将稀土、石油、半导体等关键资源与技术定义为国家安全资产，通过军事干预（委内瑞,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02933,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,锂,demand,费场景中被更具性价比的锂电所替代，因此银锌电池主要存在于军工领域，假定军工领域占总需求的,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02934,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,indicator_sentence,银,cost,80%，其中银锌材料成本约占 50% ，最后用当年银价把材料成本折算为等价银原料数量，从而得到银锌,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02935,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,银,price,入关键矿产清单，白银在部分场景将从简单的价格驱动转向国防安全的关键基石，一方面，白银在军工领,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02936,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,银,demand,域的不可替代性使其无惧高价带来的需求负反馈，另一方面，军工使得白银“刚需”占比增加，需求结构,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02937,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,镍,cost,系数特性，保障了超音速巡航时的精准测温与部件寿命，镍铬合金等替代方案虽成本更低，但在高温氧化,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02938,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,金,price|company,对于1970 年以来的7 次战争爆发后两个月内的品种价格波动进行回溯，我们发现有黄金录得3 次下,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02939,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,银,price,跌，4 次上涨，白银5 次下跌，2 次上涨。,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02940,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0298,fact_or_view_sentence,金,price,战争，其中5 次铂金价格下跌，4 次钯金价格下跌。,converted_text_page_12_sentence_scan,12,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_04.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_04.pdf,ee6cf0e88971a7f2d56bbd1401f28cd847eb00cd77f881c0923b41455c179f66,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02941,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,fact_or_view_sentence,银,demand,银价高企倒逼光伏去银化加速，对白银需求影,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02942,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,indicator_sentence,银,price,受宏观因素与供需错配影响，2025 年伦敦银价全年累计涨幅达 144.82%，导电银浆随即超越硅片成为,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02943,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,fact_or_view_sentence,银,price,本报告聚焦白银价格高波动背景下光伏产业链降银化路,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02944,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,fact_or_view_sentence,银,demand,径与技术演进，重点研究当前去银化进程及对白银需求的影响。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02945,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,indicator_sentence,银,demand,年年减量规模有望超过 1000 吨，对白银总需求有较大影响。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02946,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,risk_sentence,银,demand|risk,重压制，白银中长期需求面临一定结构性压力。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02947,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,indicator_sentence,银,price,受宏观因素与供需错配影响，2025年全年伦敦银价累计上涨达144.82%，创下自1979年以来的历史次,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02948,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,fact_or_view_sentence,银,price,尽管当前白银价格较高点已有所回落，但其价格中枢上移与波,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02949,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,fact_or_view_sentence,银,price,基于此，本报告聚焦白银价格高波动背景下光伏产业链降银化路径与技术演进，重点研究当前去银,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02950,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,fact_or_view_sentence,银,cost,导电银浆是光伏电池非硅成本的核心构成，银价的剧烈波动直接推动了光伏银浆采购成本的大幅攀升，,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02951,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,fact_or_view_sentence,银,cost,测算数据显示，2026 年 2 月，TOPCon 型电池片中银浆成本升至约,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02952,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0299,fact_or_view_sentence,银,price|cost,2026 年 3 月随着银价下跌，银浆成本略跌至 0.177元/W，相较于 2025 年初约 0.073 元/W 的水平，单瓦银,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_05.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_05.pdf,4d71508fd179e3e2c1594330ba7cf3790f7f93ab1cf4c07932af25a22db686e6,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02953,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,indicator_sentence,铜,price,铜：本周LME 铜价-0.92%到13587 美元/吨，沪铜+0.11%到 10.48 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02954,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,fact_or_view_sentence,铜,supply|cost,供应端，据SMM，进口铜精矿加工费周度,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02955,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,indicator_sentence,铜,inventory,地区铜库存环比上周四减少2.35 万吨至 19.43 万吨，总库存较去年同期增加4.84 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02956,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,fact_or_view_sentence,铜,supply|demand,费端，本周精铜杆开工环比增加 1.6 个百分点，较预期增加 6.16 个百分点，铜价大幅回调刺激线缆、漆包线下游集,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02957,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,fact_or_view_sentence,铜,supply|demand,中点价，铜杆厂新增订单带动开工超预期修复；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02958,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,risk_sentence,铜,risk,本周漆包线行业机台开机率环比回落1.20 个百分点， 周接单量环比下滑1.25%， 铜价上行后采购观望升温、 周尾,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02959,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,indicator_sentence,铝,price,铝：本周LME 铝价-4.11%到 3397.5 美元/吨， 沪铝-0.77%到 2.40 万元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02960,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,indicator_sentence,铝,inventory|demand,消费地铝棒库存 14.55 万吨，较周一库存下降0.55 万吨，较上周四库存下降 0.9 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02961,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,indicator_sentence,铝,supply,化铝建成总产能11842 万吨/年， 运行总产能8741 万吨/年， 周度开工率降至73.82%；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02962,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,indicator_sentence,铝,inventory,电解铝厂原料库存微增0.1 万吨至342.1 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02963,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,fact_or_view_sentence,铝,cost,成本端，原料端氢氧化铝与硫酸双双走强，综合,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02964,ANA-YS-INDUSTRY-001,BATCH-003,SB010,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0300,fact_or_view_sentence,铝,supply|demand,需求端，本周国内铝下游加工龙头企业开工率,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_06.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_06.pdf,a4ea2d115e0a8b0e86e76da11783b7ffcc5ad773a1e6fca4989e32815f1bc694,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02965,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,金,company,10. 世界黄金协会：协会发布的《2026 年全球央行黄金储备调研》(CBGR),converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02966,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,金,company,显示，近九成受访央行认为，未来 12 个月内全球央行黄金储备将继续增加。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02967,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,金,company,示，预计其所在机构将在未来 12 个月内增加黄金储备，这一比例打破了历,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02968,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,indicator_sentence,锂|稀土|钼,company,"放》以来,申万小金属板块行业指数累计+64%至 46317 点，行业市盈率累计+28%，碳酸锂、钼及稀土氧化物",converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02969,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,稀土,company,稀土：供需结构优化及输出规则重定义推动稀土产业链价值重估。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02970,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,稀土,company,稀土行业已迎来“战略武器化”的产业链价值,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02971,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,稀土,supply|company,供给端，行业整合加速叠加《稀土管理条例出台》令实际供给状态加速优化。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02972,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,稀土,policy|company,从政策端观察， 稀土产业出口管制已成为贸易争执中重要的战略,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02973,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,稀土,supply|policy|company,要素，对外出口管制叠加内部供给收缩或持续提升中国稀土行业的全球定价权并优化行业盈利能力。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02974,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,稀土|钨,company,稀土板块相关标的：中国稀土、北方稀土、中稀有色、厦门钨业、盛和资源。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02975,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,risk_sentence,锂,supply|policy|risk,山品位下降以及环保政策升级等因素对全球锂供应扰动影响， 我们预计2025-2028 年间， 全球锂供给或由166,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02976,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0301,fact_or_view_sentence,锂,demand,从需求端观察，受益于新能源汽车发展带来的动力锂,converted_text_page_8_sentence_scan,8,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_07.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_07.pdf,5281d12c49b04b0ff57ddcc5146f147d915dcf17f48f1a667579cae360c7eabc,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02977,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,fact_or_view_sentence,铜,supply,近期向部分中国头部铜冶炼厂提出建议， 拟在2026 年年中铜精矿长单谈判中采用,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02978,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,fact_or_view_sentence,铜,price,截至 6 月 18 日，SMM1#电解铜-平均价收于 10.49 万元/吨，环比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02979,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,fact_or_view_sentence,铜,price,截至 6 月 18 日，LME 铜收于,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02980,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,indicator_sentence,铜,price,COMEX 铜收于 637.45 美分/磅，环比 -0.87%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02981,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,fact_or_view_sentence,铜,supply,截至 6 月 18 日，SMM 进口铜精矿指数（周）报-120.82,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02982,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,risk_sentence,铜,supply|risk,端午假期备货不及预期， 精铜杆行业开工小幅回落。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02983,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,indicator_sentence,铜,supply,铜线缆企业开工率为69.27%， 较上期-1.76,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02984,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,indicator_sentence,铜,inventory,铜库存 35.22 万吨，环比-1.19 万吨，较去年同期+25.3 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02985,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,indicator_sentence,铜,supply|cost,矿现货 TC/RC 计算，本周理论铜精矿冶炼利润为 589 元/吨，环比+570 元/吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02986,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,indicator_sentence,铜,supply|cost,铜精矿长单 TC/RC 计算，理论铜精矿冶炼利润为 5212 元/吨，环比+608 元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02987,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,fact_or_view_sentence,铜,price|supply|cost,3．供应：铜精矿加工费下跌放缓 .......................................................................................................... 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02988,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0302,risk_sentence,铜,supply|demand|risk,4．需求：端午假期备货不及预期，精铜杆行业开工小幅回落.................................................................... 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_08.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_08.pdf,57e4c507e1e82a654b4e8dab962a411b4b599c9dbb73d53460fc308e452f26d0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02989,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,indicator_sentence,锂|稀土|钼,price|company,业指数累计+64%至 46317 点，行业市盈率累计+28%，碳酸锂、钼及稀土氧化物等小金属价格亦分别继续上涨+58%、+40%及+30%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02990,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,fact_or_view_sentence,稀土,company,稀土：供需结构优化及输出规则重定义推动稀土产业链价值重估。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02991,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,fact_or_view_sentence,稀土,company,稀土行业已迎来“战略武器化”的产业链价值重估。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02992,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,fact_or_view_sentence,稀土,supply|company,速叠加《稀土管理条例出台》令实际供给状态加速优化。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02993,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,indicator_sentence,稀土,supply|company,稀土矿采供给年额度增速由 23 年的 21%降至 24 年的 6%（从产量观察，25 年额,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02994,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,fact_or_view_sentence,稀土,policy|company,从政策端观察，稀土产业出口管制已成为贸易争执中重要的战略要素，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02995,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,fact_or_view_sentence,稀土,supply|policy|company,对外出口管制叠加内部供给收缩或持续提升中国稀土行业的全球定价权并优化行业盈利能力。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02996,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,fact_or_view_sentence,稀土|钨,company,稀土板块相关标的：中国稀土、北方稀土、中稀有色、厦门钨业、盛和资源。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02997,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,risk_sentence,锂,supply|risk,等因素对全球锂供应扰动影响，我们预计 2025-2028 年间，全球锂供给或由 166 万吨 LCE 增至 206 万吨 LCE，期间 CAGR 或为 14%。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02998,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,fact_or_view_sentence,锂,demand,需求端观察， 受益于新能源汽车发 展带来的动力锂电池市场持续成长，以及新型电化学储能系统装机推动的储能锂电池需求的爆发，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-02999,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,indicator_sentence,锂,demand,2025-2028 年间全球锂电池合计出货量或由 25 年的 2281GWh 增至 28 年的 3294GWh，对应碳酸锂消耗量或由 146 万吨增至 210.8 万吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03000,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0303,indicator_sentence,锂,demand,结合锂电池行业在碳酸锂需求中占比分析 （2025 年：96%） ， 全球碳酸锂合计需求量或由25 年的 152 万吨增至 28 年的 219 万吨， 期间CAGR,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_09.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_09.pdf,ec3f276f0a71dc8dce1b8da26db62ed9311f24b52aa484a67d1e9ed1b0f693c9,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03001,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,铜|锡|锑,company,公司已形成“ 锡锑双核、铅锌支撑、铟银铜等伴生增值”的复合型资源结,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03002,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,锡|锑,company,华锡有色作为广西关键金属集团旗下唯一上市平台，是国内锡、锑双,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03003,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,铜|锡,project,至 2025 年末，铜坑矿、高峰锡矿、佛子冲铅锌矿保有矿石资源量8551 万,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03004,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,锡|锑,supply,主力矿山扩产将推动锡、锑、锌等多金属产量实现质的跳升，为业绩增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03005,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,锑,demand,用锑及阻燃剂需求稳步增长，稀缺性驱动价值回归。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03006,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,锡|锑,price|company,投资建议：公司作为锡及锑行业领军企业，充分享受锡、锑价格中枢上移,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03007,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,锡|锑,supply,一、华锡有色：深耕锡锑稀贵，构建资源矿山+全链一体化核心优势 ............................................................ 6,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03008,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,锡,company,1.1 从南化股份到华锡有色：广西有色龙头的涅槃重生与产业链布局 ..................................................... 6,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03009,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,铜,supply,2.1 铜坑矿：规模化生产引擎与探转采后的产能释放 ...........................................................................11,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03010,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,risk_sentence,锡,price|supply|risk,三、锡：供给扰动&AI驱动，供需紧平衡助力价格中枢上移 .......................................................................21,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03011,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,risk_sentence,锡,price|inventory|supply|risk,3.1 锡是重要的战略性金属，供给扰动&库存低位推动价格中枢抬升 .....................................................21,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03012,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0304,fact_or_view_sentence,锡,supply,3.2 供给：全球锡资源相对稀缺，供给侧缺乏弹性 ..............................................................................23,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_10.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_10.pdf,27fcb0e81e0119ebb2d1f1d03e5160b2e5a13f6b23dcd2cae6d832076b5d3438,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03013,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,fact_or_view_sentence,金,price|policy|company,02 美国对等关税落地对黄金价格的影响,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03014,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,risk_sentence,金,price|risk,美国4月CPI数据超预期，市场定价美联储年内加息一次，宏观紧缩压力升温，贵金属价格处于震荡调整状态。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03015,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,indicator_sentence,金,price|company,截至5月29日，美黄金价格较4月底下跌1.4%至4570美元/,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03016,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,indicator_sentence,银,price,盎司，美白银价格较4月底上涨1.8%至75.59美元/盎司。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03017,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,indicator_sentence,铜|铝,policy,Ø 援引IEEPA对所有国家征收10%的关税，4月5日生效，已征税的钢铝制品和汽车/汽车零件，以及铜、药品、半导体、木材、,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03018,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,fact_or_view_sentence,金,company,数据来源：世界黄金协会、IFIND、长江期货有色产业服务中心,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03019,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,indicator_sentence,金,demand|company,u 根据世界黄金协会统计，2025年，全球黄金年度需求总量创历史新高，除场外交易外的黄金需求总量是4999吨，全,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03020,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,indicator_sentence,金,company,2025年底，中国央行黄金在总外汇储备中占比升至8.5%，较2024年提高3%，但仍低于全球中位数水平15%。,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03021,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,indicator_sentence,金,demand|company,u 如果新兴市场央行继续以当前速度增持，到2027年其黄金储备占比将从12%升至18%，对应年需求增量达800吨。,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03022,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,fact_or_view_sentence,金|银,price|company,u 金银比价是指同一时期内黄金价格与白银价格的比值，金银比价的波动反应了黄金和白银两者之间内在关系的变,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03023,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,fact_or_view_sentence,金|银,price|company,动，主要用来考察黄金白银价格相对强弱。,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03024,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0306,fact_or_view_sentence,金|银,price|company,白银兼具金融与商品双重属性，白银价格的上涨通常是追涨黄金的结,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_12.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_12.pdf,3658d8fdadd913a208484f3f34063000fd5bd0a07f806b1592e4d0224629ae3e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03025,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,indicator_sentence,金,company,有色金属 黄金 53% 52% 49% 31% 107% 43% 58% 77% 13 13 8 16 34 96 72 29,converted_text_page_13_sentence_scan,13,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03026,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,indicator_sentence,金,company,有色金属 黄金 46.1% 38.5% 30.2% 22.8% 73.3% 57.6% 56.1% 54.2% 18.0% 15.7% 15.3% 14.3% 37 31 163 71 125 15,converted_text_page_14_sentence_scan,14,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03027,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,risk_sentence,金,supply|risk,产能压力边际下降）的行业有贵金属、农化制品与金属新材料；,converted_text_page_15_sentence_scan,15,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03028,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,indicator_sentence,铜|铝,price,业金属链（2026 年Q1，LME 铝价同比上涨21.78%，LME 铜价上涨 37.52%）与原油链（布,converted_text_page_17_sentence_scan,17,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03029,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,indicator_sentence,金,company,贵金属 5 221.0 31.2 14.1% 13.5% 0.6% 3.4% 10.6 7.8 287.6% 002155.SZ 湖南黄金;,converted_text_page_20_sentence_scan,20,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03030,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,indicator_sentence,钼,company,钼 1 14.3 8.1 56.6% 55.1% 1.5% 45.9% 3.3 3.1 12.0% 601958.SH 金钼股份,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03031,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,indicator_sentence,钴,company,钴 4 773.1 294.6 38.1% 21.5% 16.6% 16.2% 1.8 1.5 27.4% 600711.SH 盛屯矿业;,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03032,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,indicator_sentence,金,company,黄金 4 213.9 30.5 14.3% 13.9% 0.4% 3.2% 10.8 7.8 299.4% 002155.SZ 湖南黄金,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03033,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,indicator_sentence,锡,company,其他小金属 9 220.6 64.2 29.1% 24.8% 4.3% 9.2% 4.0 3.8 25.2% 000960.SZ 锡业股份;,converted_text_page_21_sentence_scan,21,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03034,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0307,fact_or_view_sentence,锂,demand,链、AI应用、部分锂电材料在业绩兑现阶段不仅有需求延续信号，也具备较好的盈利质量,converted_text_page_25_sentence_scan,25,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_13.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_13.pdf,615af6da7c759838fc7f37c0ed67832f20ef4a71f523fb0d752f1e69823890c3,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03035,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,金,price|company, 贵金属：美联储焦点与宏观变量交织，黄金价格震荡调整为主。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03036,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,金,company,金清算系统并推出央行黄金托管服务，这反映出亚洲地区对黄金作为战略,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03037,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,金,company,关注招金灵宝万国紫金黄金，A股关注紫金、中金、赤峰及西金等；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03038,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,金,company,银铂钯均为黄金的贝塔，个股关注盛达、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03039,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,铜,price,际油价走弱，沪铜与伦铜同步止跌企稳。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03040,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,铜,price|supply|policy,带来反弹动能，美联储政策、进口关税政策约束上涨空间，短期电解铜将,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03041,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,锂,price|inventory, 新能源金属：碳酸锂价格持稳，仓单高位但库存去化。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03042,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,金|锡|锑,company,个股：锑建议关注湖南黄金、华锡有色、华,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03043,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,金|钼,company,钼关注金钼股份、中金黄金、洛阳钼业；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03044,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,稀土|钨,company,稀有色、北方稀土、金力永磁、厦门钨业。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03045,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,indicator_sentence,钨,company,（38.46%）、诺德股份（35.78%）、新锐股份（35.03%）、厦门钨业（32.58%）、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03046,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0308,fact_or_view_sentence,钨,price,小金属板块钨精矿周内大涨——2026.06.07,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_14.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_14.pdf,cd3e48356b79f63add0c58b99e89dd177f5aed590fdacef83f17e3514e05f1bd,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03047,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,price,沪铜周度报告·2026年06月20日,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03048,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,price|supply|demand|cost,铜产业链解析：价格/价差/成本/利润/供给/需求,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03049,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,demand,下游铜材：精铜杆/再生铜杆/铜管/铜板带/铜箔/黄铜棒04,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03050,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,cost,铜精矿现货TC（美元/吨） 本周现货TC延续下行，现货报盘与成交均有所减少。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03051,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,price|demand,精废价差（元/吨） 周内铜价高位震荡，再生铜原料持货商逢高出货意愿抬升，但下游需求跟进不,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03052,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,price,足，成交意愿一般，致使再生铜价格涨幅不及精铜，使得精废价差小幅走高。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03053,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,price|supply|cost,南方粗铜加工费（元/吨） 精废价差高位运行，阳极板利润高于再生铜杆，废铜流向冶炼端比例增加，阳,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03054,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,supply|cost,极板供应边际增加，但粗铜整体供应仍偏紧，粗铜加工费低位运行。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03055,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,supply,电解铜月度产量（万吨） 6月电解铜冶炼厂仍处于集中检修阶段，检修影响量进一步扩大，但受新增产能,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03056,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,supply,持续爬坡及前期检修企业逐步复产带动，电解铜产量较5月仅小幅下降。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03057,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,demand,周内铜价高位运行，叠加受传统需求淡季影响，家电、卫浴、五金等终端采购,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03058,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0309,fact_or_view_sentence,铜,demand,周内铜价维持高位运行，大部分大厂订单尚可，生产积极性较高，但部分中小,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_15.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_15.pdf,cc22a9b680af797f51ea014867f5aa95ae54934ddc01173fe77a07c45fbafefe,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03059,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,fact_or_view_sentence,金|银,company,◆ 白银在历史上很长一段时期同黄金一样作为,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03060,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,fact_or_view_sentence,金,company,动与黄金高度相关，但金融属性相对较弱。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03061,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,fact_or_view_sentence,银,demand,◆ 白银在工业领域应用广泛，工业需求占比约,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03062,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,fact_or_view_sentence,银,demand,工业需求占比最高，广泛应用于光伏银浆、电子电气等场景。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03063,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,indicator_sentence,银,project,◆ 根据美国地质调查局的数据，截至2025年全球白银储量61万吨，主要分布在秘鲁、澳大利亚、中国、波兰、墨西哥、智利等国。,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03064,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,fact_or_view_sentence,银,project,全球白银储量（万吨） 全球白银储量分布情况,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03065,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,indicator_sentence,银,supply,◆ 白银的供给主要由矿产银和回收银两部分组成，其中矿产银占比大约在80%左右，再生银占比约20%左右。,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03066,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,fact_or_view_sentence,银,supply,◆ 从历史数据来看，全球白银的供给量整体震荡上移，但自2010年以来，维持区间波动，供给弹性受到一定约束，核心原因在于矿产量逐步回,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03067,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,indicator_sentence,银,supply,根据世界白银协会预测，2026年全球白银供给量约32659吨，同比增长1.9%；,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03068,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,fact_or_view_sentence,银,supply,全球白银产量情况 白银的供给主要由矿产银和回收银两部分组成,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03069,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,fact_or_view_sentence,银,supply,30000 全球白银矿产量（吨） 全球再生银产量（吨）,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03070,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0310,fact_or_view_sentence,银,price|supply,◆ 从历史数据来看，全球白银的矿产量自2016年达到高位后便进入了盘整态势，近十年来尽管价格持续上移，但产量始终难有突破。,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_16.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_16.pdf,30689ff155489181e6c535a1f30644b8f1c51e59989c375c63080170b9ba942e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03071,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,fact_or_view_sentence,金|银,company, 白银在历史上很长一段时期同黄金一样作为,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03072,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,fact_or_view_sentence,金,company,动与黄金高度相关，但金融属性相对较弱。,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03073,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,fact_or_view_sentence,银,demand, 白银在工业领域应用广泛，工业需求占比约,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03074,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,fact_or_view_sentence,银,demand,工业需求占比最高，广泛应用于光伏银浆、电子电气等场景。,converted_text_page_7_sentence_scan,7,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03075,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,indicator_sentence,银,project, 根据美国地质调查局的数据，截至2025年全球白银储量61万吨，主要分布在秘鲁、澳大利亚、中国、波兰、墨西哥、智利等国。,converted_text_page_9_sentence_scan,9,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03076,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,indicator_sentence,银,supply, 白银的供给主要由矿产银和回收银两部分组成，其中矿产银占比大约在80%左右，再生银占比约20%左右。,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03077,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,fact_or_view_sentence,银,supply, 从历史数据来看，全球白银的供给量整体震荡上移，但自2010年以来，维持区间波动，供给弹性受到一定约束，核心原因在于矿产量逐步回,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03078,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,indicator_sentence,银,supply,根据世界白银协会预测，2026年全球白银供给量约33169吨，同比下降约2.2%；,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03079,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,fact_or_view_sentence,银,supply,30000 全球白银矿产量（吨） 全球再生银产量（吨）,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03080,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,fact_or_view_sentence,银,price|supply, 从历史数据来看，全球白银的矿产量自2016年达到高位后便进入了盘整态势，近十年来尽管价格持续上移，但产量始终难有突破。,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03081,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,fact_or_view_sentence,铜|银,supply,由于白银矿产供应主要依赖与铅、锌、铜、金等有色金属矿床共生的伴生矿的开采，近年来供给增长较为缓慢。,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03082,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0311,fact_or_view_sentence,银,supply, 从地区来看，银矿产量主要集中在美洲地区，2025年，全球白银矿产排名前三的国家为墨西哥、秘鲁、中国，产量占全球产量比重分别为,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_17.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_17.pdf,ce9fac731af9e66be6e08e492750d2e654035d084016dae54d27ea4f02fc5999,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03083,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,fact_or_view_sentence,金|银,price,贵金属：美伊冲突局面改 善，金银价格应势上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03084,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,indicator_sentence,金,price,本周 COMEX 金价上涨 0.33%至 4224 美元/盎司，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03085,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,indicator_sentence,金,price,SHFE 金价上涨 4.8%至 938 元/克；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03086,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,indicator_sentence,银,price,COMEX 银价上涨 3.55%至 66 美元/盎司，SHFE 银价上涨 6.99%至,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03087,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,fact_or_view_sentence,银,price,温，略微打压美联储年内加息预期，美元指数大幅走弱，给金银价格提供上涨动能。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03088,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,fact_or_view_sentence,金,company,金：紫金黄 金国际、万国黄金集团 、中国黄金国际、山金国 际、山东黄金、招金矿业 、中金黄金、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03089,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,fact_or_view_sentence,金,company,赤 峰 黄 金、湖南黄金、株冶 集团等；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03090,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,fact_or_view_sentence,铝,price,基本金属：国际局势改善，铝价大幅下跌。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03091,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,fact_or_view_sentence,铜,inventory,1）铜：铜价高位震荡运行，电解铜维持去库态势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03092,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,indicator_sentence,铜,price,LME 铜价下跌 0.92%至 13587 美元/吨，SHFE 铜价上涨 0.11%至 104780 元/吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03093,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,fact_or_view_sentence,铜,price|cost,铜 TC 下跌 5.3 美元/干吨至-120.7 美元/干吨；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03094,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0312,fact_or_view_sentence,铜,demand,本周铜价重心表现上移，现货 升水企稳拉锯为主，由于 周内铜价维持高位震荡 运行，下游企业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_18.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_18.pdf,dda1bfdf450daad5325f809adf47d03fd863b86bca2927ebc2582c5e0158850e,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03095,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,铜,policy, 铜：铜作为宏观敏感的金属品种，受美联储货币政策影响较大。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03096,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,risk_sentence,铜,supply|risk,球铜矿资本开支不足，叠加智利、秘鲁等地产能扰动，全球铜矿供给预,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03097,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,铜,policy,美联储政策转变虽影响短期走势，但难改铜行业基本面驱动的上,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03098,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,锡,demand,子化、智能化渗透率不断提升，锡金属整体需求有望延续增长态势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03099,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,锡,supply,应端方面，尽管海外主要锡矿产区存在复产预期，但全球锡矿供应稳定,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03100,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,锡,demand,面，能源转型、人工智能及数字化产业发展，成为锡需求增长的核心驱,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03101,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,稀土,company, 稀土：2026年人形机器人产业有望真正实现从实验室到商业化落地，行,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03102,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,稀土,demand|company,驱动下，全球新能源汽车销量有望稳步提升，持续拉动稀土磁材需求。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03103,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,稀土,company,稀土磁材作为国家战略性产业核心材料，在推动传统产业转型升级和,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03104,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,稀土,demand|company,工业节能电机、变频空调、国防军工、航空航天等领域稀土需求稳步增,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03105,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,稀土,demand|company,长，人形机器人、低空经济等领域为稀土磁材需求打开新的成长曲线。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03106,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0313,fact_or_view_sentence,钨,supply, 钨：我国钨矿供应占全球主导地位，因中国供应收缩，且海外增量有限，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_19.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_19.pdf,8e3e698074496360b5631692f046e2aa8cbf9a51a65f86f1f44558f1a5f11704,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03107,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,fact_or_view_sentence,稀土,price|inventory|company,求提振+库存低位，或催化轻稀土涨价行情。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03108,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,fact_or_view_sentence,稀土,price|company,提升 以及中日关系紧张，预计未来重稀土 （氧化镝、 氧化钇） 迎来涨,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03109,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,fact_or_view_sentence,铜|锂|稀土|锡|钨|钼|锑,company,中长期来看， 我们持续看好稀土钨铜锡金银钼锑锗镓钽铌铀铼锂等,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03110,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,indicator_sentence,金,company,最新央行黄金储备调查报告显示，45%的受访央行表示计划,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03111,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,fact_or_view_sentence,金,company,在未来 12 个月内增加黄金储备，为调查以来的最高比例。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03112,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,fact_or_view_sentence,金,price,息预期有所升温制约贵金属价格表现，但考虑到美元信用担忧仍存，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03113,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,fact_or_view_sentence,银,price,白银供需基本面仍然偏紧， 价格仍有韧性。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03114,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,fact_or_view_sentence,金,company,建议关 注：赤峰黄金、山金国际、中金黄金、山东黄金、湖南黄金、,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03115,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,indicator_sentence,铜,price,"铜： 本周 LME 铜收报 13587 美元/吨,环比上周 -1.52%,沪铜收报",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03116,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,fact_or_view_sentence,铜,price|supply,据SMM， 供给端， 沪铜现货维持升水,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03117,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,fact_or_view_sentence,铜,cost,铜精矿TC 进一步走低至-120.82 美元/,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03118,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0314,risk_sentence,铜,supply|risk,金等地的铜湿法冶炼产量供给形成扰动。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_20.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_20.pdf,4be52be0e6bc2e89d5217cf9de2d0b7be8b030902aa692b4beca969cf65129f5,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03119,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,indicator_sentence,银,supply|company,量：2026 年一季度公司白银产量 78.95 吨， 环,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03120,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,indicator_sentence,锡,supply,比-11.63%， 销量86.90 吨， 销产差额7.95 吨， 锡产量777.33 吨， 环比-24.37%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03121,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,indicator_sentence,锑,supply|company,另外公司铅/锌产量 0.4/1.5 万吨，Q1 铅锌锑,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03122,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,fact_or_view_sentence,银,price,价：2026 一季度白银均价 21.7 元/克， 同比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03123,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,indicator_sentence,锡,price,锡均价 38.8 万元/吨，同比增长 48%，环比增长,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03124,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,fact_or_view_sentence,锡,company|project,2025 年 8 月，公司成功收购大西洋锡业,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03125,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,indicator_sentence,锡,supply,96.04%股权，旗下 Achmmach 矿山锡平均品位 0.55%， 锡金属量21.33 万吨，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03126,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,fact_or_view_sentence,银,company|project,港股 IPO 项目启动，未来有望成为 A+H 白银公司。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03127,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,fact_or_view_sentence,银,company,作，本次发行上市完成后，公司将实现深交所、港交所两地上市 的白银标的。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03128,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,fact_or_view_sentence,银|锡,price|company,投资建议：公司受益于 26 年白银、锡价格同比高增， 一季度业绩表现亮眼，银漫,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03129,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0315,fact_or_view_sentence,锡,cost|company,+宇邦+大西洋锡业未来增量可期，我们预计 2026-2028 年公司归母净利润分别,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_21.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_21.pdf,09f0f48fb8595bb35179eb14116f9e7e1f7347e40d393652a5416e2491ade725,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03130,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铜,price,上周沪铜期货冲高回落，整体横盘震荡。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03131,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铜,price|cost,铜 价 ， 铜 精 矿 现 货 TC 深 跌 ；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03132,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铜,price|inventory,外，国内电解铜社会库存加速去化，低库存抑制铜价下跌。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03133,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铜,price,展望后市，预计短期沪铜将维持区间震荡，关注资金流向以及月底,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03134,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铝,price,展望后市，预计短期沪铝或将延续震荡偏弱走势，关注宏观事件及,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03135,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铜,inventory,2.3 电解铜库存 .............................................................. 7,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03136,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铜,demand,2.4 铜需求 .................................................................. 8,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03137,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铝,inventory,3.3 电解铝库存 ............................................................. 11,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03138,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铝,demand,3.4 电解铝需求 ............................................................. 12,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03139,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铜,inventory,图 7 铜精矿港口库存 ..............................................................7,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03140,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铜,cost,图 8 铜精矿加工费 ................................................................7,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03141,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0316,fact_or_view_sentence,铜,inventory,图 9 上期所电解铜库存 ............................................................7,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/ys_silver_copper_20260623_22.pdf.txt,ana-data/cases/有色案例/raw/ys_silver_copper_20260623_22.pdf,71cb07848e3ad302f6dbaef52e72ee2997faabb2d8d388d8ee5484b92cb70691,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03142,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,risk_sentence,锂,supply|demand|risk,• 锂：需求预期修复再启补库周期，供应扰动持续带来中期缺口。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03143,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,fact_or_view_sentence,锂,supply|project,（1）在供给端，非洲锂辉石项目加速投建、南美盐湖产能释放稳定，中国锂资源合规化管理推动锂云母阶段性供给收缩，全球增量,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03144,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,risk_sentence,锂,supply|demand|risk,（3）2025年下半年开始，国内江西供应扰动+下游需求强劲与补库共振，锂,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03145,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,fact_or_view_sentence,钴,price|supply|policy,• 钴：主权国家出口配额主导供应，原料缺口形成价格强支撑。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03146,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,fact_or_view_sentence,钴,price|demand,（2）需求端在钴产品价格高企下多数偏弱，三,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03147,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,fact_or_view_sentence,钴,company,预期，钴价中期内有望维持强势，相关公司盈利弹性具备较大的边际改善空间。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03148,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,fact_or_view_sentence,锂,company,• 投资建议：锂相关标的永兴材料(002756，未评级)、赣锋锂业(002460，未评级)、盛新锂能（002240，未评级）、天齐锂业,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03149,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,fact_or_view_sentence,锂,demand,原材料 锂化工品 锂深加工品（锂电材料等） 锂电池 终端应用,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03150,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,fact_or_view_sentence,锂,project,全球锂资源储量丰富，分布相对集中于澳洲、南美和中国,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03151,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,fact_or_view_sentence,锂,project,发布的数据，全球已探明的锂资源储量约为3000万金属吨,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03152,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,fact_or_view_sentence,锂,project,表：全球锂资源储量达3000万金属吨,converted_text_page_5_sentence_scan,5,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03153,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0317,indicator_sentence,锂,policy,澳大利亚 锂辉石 8.8万吨（Li） 22.02% 较简单（政策稳定基,converted_text_page_6_sentence_scan,6,ana-data/cases/有色案例/converted/于嘉懿，宁紫微36046024997681.txt,ana-data/cases/有色案例/raw/于嘉懿，宁紫微36046024997681,74761e8c670d800b87744d5b43011d80f63ecb2e2aeae3d57ecded26eddd572f,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03154,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,indicator_sentence,铜,price,美元指数走强，权益市场走弱压制市场风偏，铜价大跌，昨日伦铜 3M 合约收盘跌 2.18%至 13373 美,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03155,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,indicator_sentence,铜,price,元/吨， 国内沪铜主力合约收至103020 元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03156,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,indicator_sentence,铜,price|inventory,昨日LME 铜库存减少4300 至 344925 吨， 注销仓单占,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03157,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,indicator_sentence,铜,demand,广东地区铜现货升水期货45 元/吨，盘面走低下游接货情绪改善。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03158,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,indicator_sentence,铜,supply,内铜现货进口盈利扩大至 300 元/吨左右。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03159,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,indicator_sentence,铜,price,精废铜价差报 1970 元/吨，环比缩窄。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03160,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,fact_or_view_sentence,铜,supply,示总体合规，能否复产还需等待该国政府进一步决定，废料供应同样偏紧，铜价回落或引起精炼铜,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03161,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,fact_or_view_sentence,铜,inventory|policy,库存减少，叠加美国铜关税预期，铜价支撑较强。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03162,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,indicator_sentence,铝,price,全球权益市场走弱，外盘铝价跟随原油走低，国内铝价同样下挫，昨日伦铝 3M 合约收盘跌 2.99%至,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03163,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,indicator_sentence,铝,price,3259 美元/吨，沪铝主力合约收至 23415 元/吨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03164,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,fact_or_view_sentence,铝,price,昨日沪铝加权合约持仓量大增 5.4 至 67.0 万手，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03165,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0318,risk_sentence,铝,inventory|cost|risk,铝锭三地库存环比小幅减少， 铝棒两地库存下滑， 昨日铝棒加工费,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/吴坤金，张世骄，刘显杰10623285135105.txt,ana-data/cases/有色案例/raw/吴坤金，张世骄，刘显杰10623285135105,183aecaf30e4fe47c8f27cc34cfdb761a6e73f61eeca54724ce311247f3e1267,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03166,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,fact_or_view_sentence,稀土|锡|钨|钼|锑,company|project,我国稀土、钨、锡、钼、锑、镓、锗、铟、萤石、石墨等14种矿产储量居世界第一。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03167,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,fact_or_view_sentence,稀土|锡|钨|钼|锑,supply|company,2025年，我国煤炭、钒、钛、锌、稀土、钨、锡、钼、锑、镓、铟、金、碲等17种矿产产量居世界第一。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03168,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,indicator_sentence,锂,price,2、据新浪财经，最近一周，电池级碳酸锂价格累计上涨3500元/吨，上涨幅度为2.03%；,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03169,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,indicator_sentence,锂,price,最近一个月，电池级碳酸锂价格累计上涨20000元/吨，上涨幅度为12.82%。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03170,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,indicator_sentence,锂,supply,此前IGO将格林布什2026财年锂精矿产量指引从150-165万吨大幅下调至137.5-142.5万吨，降幅中值达11%。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03171,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,indicator_sentence,锂,supply,点评：行业数据显示，格林布什矿减产量约占全球锂总供应量的1.5%-2%，折算碳酸锂当量约2万吨，直接加剧全球锂资源供给缺口。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03172,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,fact_or_view_sentence,锂,price,此次减产叠加锂精矿供需格局本身偏紧，进一步强化市场对锂价上行的预期，二季度锂价有望延续涨势。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03173,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,indicator_sentence,铜|锂,price|inventory|demand|company|project,公司公司公告：凤凰光学：公司中长期聚焦智能物联（AloT）领域致力成为核心产品及解决方案的提供商骏鼎达：近期部分原材料价格存在阶段性波动上涨情况金诚信：铜矿产品库存增加 主要是受当地雨季影响宏达电子：控股子公司已与光通信领域多家企业建立业务合作银禧科技：传闻拓竹科技存在入股相关规划不属实一汽解放：公司半固态电池计划在下一代整车平台中应用佰维存储：位于东莞松山湖的晶圆级先进封测制造项目进展顺利纳芯微：AI服务器电源需求放量 已覆盖头部客户,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03174,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,risk_sentence,金|锂,demand|cost|risk|company|project,亚翔集成：签署约31.15亿元海外机电工程项目订单宝丰能源：拟2.08亿元参与设立投资基金 用于投资某半导体公司股权中远海控：控股子公司东方海外订造12艘集装箱船 总价22.2亿美元兴通股份：拟投资不超7.32亿元建造4艘不锈钢化学品船舶长源东谷：收到客户柴油机缸体机加工部件定点意向书南方航空：拟目录价约213.78亿美元购买137架A320NEO系列飞机 业绩&分红中国船舶：2025年净利润同比增长86% 拟10派3.65元爱柯迪：2,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03175,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,risk_sentence,锂,price|demand|cost|risk|company,恒生电子：第一季度净利润同比增长342.87%有研复材：第一季度净利润为26.60万元 同比扭亏为盈沪硅产业：第一季度净亏损4.83亿元华宏科技：第一季度净利润同比增长595%昭衍新药：第一季度净利润同比增长480%中国人保：第一季度净利润同比下降31%金开新能：第一季度净利润亏损1919.96万元 同比转亏中泰证券：第一季度净利润同比增长26.80%电投水电：第一季度净利润同比增长168%通威股份：第一季度净亏损24.44亿元沐曦股份,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03176,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,indicator_sentence,锂,price,创业板涨2.52%、超百股涨停，锂电池板块集体爆发,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03177,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0319,fact_or_view_sentence,锂,price,锂电池板块集体爆发，天赐材料等多股涨停。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/吴隆钢47222565084668.txt,ana-data/cases/有色案例/raw/吴隆钢47222565084668,9145a616350012b2f7b694705ac0a2623b158acfdf0c9bfc46f6a56a3673feb0,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03178,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,稀土,company, 战略设计：特朗普政府将发展稀土产业提升至美国国家战略的优先位,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03179,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,钼,demand,在最乐观情况下，美国国内可满足锌和钼的需求，但无法,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03180,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,钴|镍,demand,未来几年，美国国际交往的首要任务可能是满足镍和钴的需求。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03181,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,镍,supply|demand,为：镍需求预计将快速增长，但美国提高国内产量的能力很有限。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03182,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,铜|稀土|钼,company,风力涡轮机需要铜、钼、锌和稀土元素。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03183,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,钼,demand|project,但是，美国在建的项目仅能满足锌和钼的需求。,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03184,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,锂|镍|稀土,demand|company,锂总需求约增至 4.7 倍，石墨约增至 2.2 倍，镍约增至 1.7 倍，稀土元素约增至 1.6 倍，,converted_text_page_3_sentence_scan,3,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03185,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,锂|镍,demand,需求增量主要来自清洁能源技术，其中锂、石墨、镍等,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03186,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,铜|锂|钴|镍|稀土,company,和 IEA 的数据，铜、锂、镍、钴、石墨、稀土仍是能源转型关键矿产的核心品种。,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03187,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,indicator_sentence,锂,supply,国地质调查局 2025 年估计数据看：1）全球锂矿山产量约 29 万吨，按锂金属含量计，,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03188,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,indicator_sentence,锂,project,全球锂储量约 3700 万吨，主要分布于,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03189,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0321,fact_or_view_sentence,锂,project,USGS 同时给出的全球测定和指示锂资源量约 1.5 亿吨， 资源量排名靠前者包括阿根廷、,converted_text_page_4_sentence_scan,4,ana-data/cases/有色案例/converted/张蕾7746605135353.txt,ana-data/cases/有色案例/raw/张蕾7746605135353,d897c8f0414c8260effa9ace90bc4e6a9853fdbb152e8267ba536d80fa4f9f0c,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03190,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0322,fact_or_view_sentence,铜|铝|锂|钴|镍|稀土,company,2）战略性矿产产业：稀土、锂钴镍、铜铝、关键小金属,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/慧博智能投研59959085113282.txt,ana-data/cases/有色案例/raw/慧博智能投研59959085113282,b8d4d01633aadb07a88a1f3461f18585d64c7ed79217ea4d20d60fe64907fd55,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03191,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0322,fact_or_view_sentence,铜|铝|锂|钴|镍|稀土,company,我国稀土资源禀赋突出但深加工不足，锂钴镍等新能源金属对外依存度高，铜铝等工业金属,converted_text_page_19_sentence_scan,19,ana-data/cases/有色案例/converted/慧博智能投研59959085113282.txt,ana-data/cases/有色案例/raw/慧博智能投研59959085113282,b8d4d01633aadb07a88a1f3461f18585d64c7ed79217ea4d20d60fe64907fd55,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03192,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0322,fact_or_view_sentence,稀土,policy|company,我国在高纯稀土材料、特种金属合金、新能源功能材料等领域对外依存度高，政策推动矿产资源,converted_text_page_20_sentence_scan,20,ana-data/cases/有色案例/converted/慧博智能投研59959085113282.txt,ana-data/cases/有色案例/raw/慧博智能投研59959085113282,b8d4d01633aadb07a88a1f3461f18585d64c7ed79217ea4d20d60fe64907fd55,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03193,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0322,indicator_sentence,铜|铝|锂|镍,price,达 44%、布伦特原油涨幅 42%，铜、铝、锂、锌、镍等战略金属价格逆势上涨，欧线集运指数涨幅达,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/慧博智能投研59959085113282.txt,ana-data/cases/有色案例/raw/慧博智能投研59959085113282,b8d4d01633aadb07a88a1f3461f18585d64c7ed79217ea4d20d60fe64907fd55,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03194,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0322,indicator_sentence,金|银,price|company,意义上的避险资产黄金、白银则下跌 15%、20%，资金加速从传统避险资产向 STAR 资产转移。,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/慧博智能投研59959085113282.txt,ana-data/cases/有色案例/raw/慧博智能投研59959085113282,b8d4d01633aadb07a88a1f3461f18585d64c7ed79217ea4d20d60fe64907fd55,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03195,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0322,fact_or_view_sentence,锂,price,锂矿、光纤、非金属材料等 Res-STAR 板块涨幅达,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/慧博智能投研59959085113282.txt,ana-data/cases/有色案例/raw/慧博智能投研59959085113282,b8d4d01633aadb07a88a1f3461f18585d64c7ed79217ea4d20d60fe64907fd55,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03196,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0322,indicator_sentence,金,price|company,液冷、航运、电网设备板块也明显跑赢宽基指数，黄金则下跌 26%。,converted_text_page_22_sentence_scan,22,ana-data/cases/有色案例/converted/慧博智能投研59959085113282.txt,ana-data/cases/有色案例/raw/慧博智能投研59959085113282,b8d4d01633aadb07a88a1f3461f18585d64c7ed79217ea4d20d60fe64907fd55,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03197,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0322,fact_or_view_sentence,铜|铝|稀土,price|demand|company,能源）带动战略金属需求持续增长，原油、铜、铝、稀土等核心资源品价格中枢长期上移， Res-STAR,converted_text_page_24_sentence_scan,24,ana-data/cases/有色案例/converted/慧博智能投研59959085113282.txt,ana-data/cases/有色案例/raw/慧博智能投研59959085113282,b8d4d01633aadb07a88a1f3461f18585d64c7ed79217ea4d20d60fe64907fd55,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03198,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,risk_sentence,金|银,price|risk,101.8，继续压制贵金属、有色和风险资产估值，金价跌破 4000 美元，白银跌破 60 美元，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03199,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,indicator_sentence,金,price|company,周三国际贵金属期货价格继续下挫，COMEX 黄金期货跌 3.21%报 4016.40 美元/盎司，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03200,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,indicator_sentence,银,price,COMEX 白银期货跌 7.39%报 57.48 美元/盎司。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03201,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,fact_or_view_sentence,金,price|company,场继续交易美联储加息预期推升美元走强，贵金属价格持续承压，国际黄金跌破4000 美元,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03202,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,fact_or_view_sentence,银,price,鉴于近期金银价格跌幅已大，警惕今晚利空靴子落在之后出现反弹。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03203,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,fact_or_view_sentence,铜,price,周三沪铜主力下挫， 伦铜快速下探至13000 美金一线寻求支撑， 国内近月转向B 结构，,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03204,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,indicator_sentence,铜,price|inventory,周三国内电解铜现货市场成交欠佳，内贸铜对当月贴水 40 元/吨，昨日 LME 库存降至 34.2,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03205,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,fact_or_view_sentence,铜,company,国家铜业公司公告， 双方已完成智利LosBronces 铜矿与 Andina 铜矿的联合采矿计划最终协,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03206,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,indicator_sentence,铜,supply,年铜产量达到 600 万吨/年的目标。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03207,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,fact_or_view_sentence,铜,supply|demand,本面来看， 巴拿马铜矿有望重启， 国内电解铜产量高企， 而传统行业消费略显乏力， 美国数,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03208,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,fact_or_view_sentence,铜,project,据中心建设进程缓慢，整体预计铜价短期将延续调整。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03209,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0323,indicator_sentence,铝,price,周三沪铝主力收 23455 元/吨，跌 1.35%。,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/李婷，黄蕾7505195136188.txt,ana-data/cases/有色案例/raw/李婷，黄蕾7505195136188,5531b504fd82ea144112fd024844a4f6586364a25621a9c5098e7534d37245a1,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03210,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,fact_or_view_sentence,锂,company,天齐锂业 9696 HK 80.05 增持,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03211,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,fact_or_view_sentence,铜,policy,26 年铜供需转短缺，但美以伊冲突和关税不确定性的负面影,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03212,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,risk_sentence,铝,price|supply|risk,伦铝受益地缘扰动供给，26-27 供需短缺， 价格或升至$4000/t；,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03213,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,fact_or_view_sentence,铝,cost|policy,几内亚铝土矿政策变化或重塑产业链利润分配。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03214,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,fact_or_view_sentence,镍,supply|cost,支撑或于 1.7-2.2 万美元区间震荡，中东冲突缓和或将帮助湿法冶炼镍利润,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03215,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,fact_or_view_sentence,锂|稀土,price|company,26-27 年锂、稀土供需偏紧平衡，价格震荡上行。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03216,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,fact_or_view_sentence,金,policy,金价短期仍将受制中东冲突形成的高通胀韧性和美联储偏鹰政策， 金价或在,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03217,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,risk_sentence,铜,policy|risk,铜：2026 年供需趋紧，但美以伊冲突和关税风险不容忽视,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03218,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,risk_sentence,铜,supply|policy|risk,26H1 全球铜矿供给扰动仍不断、 叠加国内外政策限制导致再生铜释放不顺，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03219,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,fact_or_view_sentence,铜,policy,美以伊冲突走向及美国关税对铜价可能带来的负面影响，“海峡恢复通航”,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03220,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,fact_or_view_sentence,铝|镍,price,铝&镍：LME 铝价 26 年或创新高，镍价或维持高位震荡,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03221,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0324,risk_sentence,铝,supply|risk,中东局势对电解铝供给形成扰动， 我们预期 26-27 年全球原铝供需缺口分别,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/李斌，黄自迪，马俊20908485121776.txt,ana-data/cases/有色案例/raw/李斌，黄自迪，马俊20908485121776,68ac8f365718a91e987a283aada0642432129b3460d685b930d3c32548c6c9f2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03222,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,金,price,2026-03-22，国际金价接连下跌，避险资产为何“失,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03223,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,indicator_sentence,稀土,supply|company,在稀土、石墨、镓、锗等多 个 关键矿产领域仍高 度依赖进 口，其中部分矿产 进口依赖度 接近 100% 。,converted_text_page_10_sentence_scan,10,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03224,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,稀土,company,稀土化合物及稀土金属 67 中国、马来西亚、爱沙尼亚、日本,converted_text_page_11_sentence_scan,11,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03225,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,铜,demand,同时， AI 服务器 和高速交换机 也带 动 PCB 、高速 覆铜板、先进 基板等需求提,converted_text_page_43_sentence_scan,43,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03226,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,锂,price|demand,图116：全球锂离子电池总体出货量持续增长 图117：碳酸锂价格上行,converted_text_page_46_sentence_scan,46,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03227,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,铜,price|inventory,铜价在 2025 年以来持续 上行，LME 铜库存 整体处于 下 行区间 。,converted_text_page_46_sentence_scan,46,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03228,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,铜,demand|project,与过去主要受地产和传统工业周期影响不同，当前铜需求更多受到电网升级、 AI 数 据 中心建设、新,converted_text_page_46_sentence_scan,46,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03229,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,铝,demand|project,新能源基础设施建设对铝需求形成持续拉动。,converted_text_page_47_sentence_scan,47,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03230,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,铜|铝,price|supply,铜铝价格的修复不仅 反映上游 矿产资源 供给约束加剧 ，,converted_text_page_47_sentence_scan,47,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03231,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,铜|铝,inventory,图118：铜价上行与库存下行共振 图119：电气化驱动下铝的供需结构性收紧,converted_text_page_47_sentence_scan,47,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03232,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,铜,price|inventory,库存量 LME铜价（右轴）（吨） （美元/吨）,converted_text_page_47_sentence_scan,47,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03233,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0325,fact_or_view_sentence,铝,price|inventory,库存量 LME铝价（右轴）（吨） （美元/吨）,converted_text_page_47_sentence_scan,47,ana-data/cases/有色案例/converted/杨超，王雪莹，吴佳文29430755131778.txt,ana-data/cases/有色案例/raw/杨超，王雪莹，吴佳文29430755131778,ccee564562cdf1737a8bb7853d4c43506e76d41e067b04de3ea7b59f49e10d0d,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03234,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,铜|铝|稀土|锡|钨|钼|锑,company,金银稀土（包括氧化钇）钨铜铝钼锑锗镓钽铌铀锡铼等金属。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03235,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,金,price,油价维持高位、 美元指数快速上涨压制了贵金属,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03236,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,金,company,央行和etf 资金积极增持黄金驱动延续， 美元信用担忧,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03237,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,金,price,仍存， 短期价格回调但持续看好金价中长期上涨趋势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03238,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,银,price|inventory,面仍然较为紧张，持续处在低库存状态，看好白银价格弹性。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03239,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,金,company,建议关注：山东黄金、 山金国际、 中金黄金、 赤峰黄金、 湖南黄金等。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03240,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,indicator_sentence,铜,price,"铜： 本周 LME 铜收报 12735.5 美元/吨,环比上周-1.45%，沪铜收报",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03241,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,铜,cost,转升水， 铜精矿TC 进一步下降至-60.39 美元/干吨， 力拓Kennecott,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03242,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,铜,supply,铜矿发生事故导致暂停运营，年产能约 15 万金属吨，目前预计影响,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03243,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,铜,inventory,库存端，截至 3 月 12 日，铜社会库存 57.39,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03244,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,indicator_sentence,铜,price|inventory,LME 铜库存 31.18 万吨，环比,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03245,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0326,fact_or_view_sentence,铜,supply,走高压制了铜价表现， 铜价在供给端硬约束下有支撑， 看好步入开工,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/贾宏坤，周古玥14047705030377.txt,ana-data/cases/有色案例/raw/贾宏坤，周古玥14047705030377,8d6d7983ab8fc5488d5367543dc920f498e11dcb1e8f20736051c6e9178a75c2,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03246,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,fact_or_view_sentence,钨|钼,supply|cost,钨钼板块：钨价创历史新高，显著增厚矿山利润。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03247,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,fact_or_view_sentence,钨,demand,2）光伏钨丝出货基本平稳，2025 年,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03248,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,indicator_sentence,钨,cost,格约 21.62 万元/吨， 同比+59.51%， 增厚钨矿利润， 宁化行洛坑、 都昌金鼎、 洛,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03249,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,fact_or_view_sentence,稀土,company,稀土板块：积极拓展海外市场，新兴领域磁材持续放量。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03250,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,fact_or_view_sentence,钨,company,年，公司完成对厦钨电机工业有限公司非同比例增资的交易，增资后公司持有厦,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03251,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,indicator_sentence,钨,price|company,"均价约 74.35 万元/吨，环比+119%,公司积极应对钨原材料价格大幅上涨，动态",converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03252,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,indicator_sentence,锂,cost,锂及其他） 销量1.57 万吨， 同比增长26% ，26Q1 实现利润总额 2.60 亿元， 同,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03253,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,indicator_sentence,稀土,cost|company,3） 稀土板块，26Q1 实现利润总额 0.70 亿元， 同比增长65.72%，,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03254,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,fact_or_view_sentence,稀土|钨|钼,price|cost|company,投资建议：钨价上涨显著增厚矿端利润，钨钼板块、电池材料和稀土磁材三轮驱,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03255,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,fact_or_view_sentence,钨,supply,2025 年一季报点评：钨价走高增厚矿山利,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03256,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,fact_or_view_sentence,钨|钼,supply|cost,评：钨价走高增厚矿山利润，钨钼板块表,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03257,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0328,fact_or_view_sentence,钨|钼,company,2.1 电池材料、钨钼板块领跑，公司业绩稳步提升 ........................................................................................................................... 4,converted_text_page_2_sentence_scan,2,ana-data/cases/有色案例/converted/邱祖学，李挺10915245097015.txt,ana-data/cases/有色案例/raw/邱祖学，李挺10915245097015,01c4d0b6f7cd7782c4b0190c93a3e69eb329c71b032e451ce203b76ec03588bb,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03258,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,risk_sentence,锂,price|risk,1）锂：25H1 供需过剩压力下，锂价持续下跌,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03259,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,钴,policy,2）钴：25 年刚果金政策驱动钴价，年初受供需过剩影,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03260,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,钴,price|policy,月，9 月配额制落地，原料短缺明确，钴价大幅上涨。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03261,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,镍,supply|demand,镍矿供应持续偏紧，进入下半年，一方面美国降息预期反复，宏观预期转冷，此外镍下游,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03262,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,镍,demand,不锈钢、 硫酸镍等需求疲软， 镍价转弱， 但由于矿端偏紧的状态持续， 镍价维持震荡走势。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03263,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,锂,demand,锂：储能需求高增长，行业 2027 年或将反转。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03264,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,锂,supply,2026 年或是供给增量拐点之年，我们预计 2026-2028 年全球锂供给 215.9/253.0/285.0,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03265,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,钴,policy,钴：资源国的崛起，配额制带来原料短缺。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03266,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,镍,supply,镍供给端控制托底镍价，挺价意图明确。,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03267,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,镍,policy,24 年以来印尼镍矿 RKAB 配额因为新规政策调整、 印尼总,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03268,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,镍,supply|policy,统换届等因素影响，导致镍矿供应偏紧，2025 年 RKAB 审批配额同比虽有增长，但实际,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,MEDIUM,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00


YS-B3-F-03269,ANA-YS-INDUSTRY-001,BATCH-003,SB011,RUN-ANA-YS-INDUSTRY-001-BATCH-003-EXTRACT-001,YS-B3-DOC-0329,fact_or_view_sentence,镍,supply,的镍矿供应还会受到矿山的开采能力、运输能力，以及天气因素的影响，镍矿供应预计整,converted_text_page_1_sentence_scan,1,ana-data/cases/有色案例/converted/邱祖学，李挺，南雪源36496674980137.txt,ana-data/cases/有色案例/raw/邱祖学，李挺，南雪源36496674980137,a1f79c4f5e60e83ebaf62e225dfa042cf01bd367f179fa7abde353ba786f7779,LOW,DRAFT_FOR_REVIEW,2026-06-26T04:51:38+08:00