五矿资源在南美秘鲁的旗舰矿山Las Bambas 是公司最重要的资产。从产量占比来看，2022-2024 年，Las Bambas 铜产量占公司铜总产量比例分别为81.5%、89.2%、79.8%，权益铜产量占公司铜权益总产量比例分别为73.4%、83.8%、75.1%。2025 年我们预计公司铜产量为51.5 万吨，权益量为34.4 万吨（同比增长36.3%），增量中66%来自于Las ...
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