国盛证券:宏观与供需平衡共振 铜板块牛市有望加速

智通财经
Dec 01, 2025

智通财经APP获悉,国盛证券发布研报称,回顾2025,持续不断的矿端扰动超出市场预期,同时确立了2026年的短缺格局。根据该行梳理,不考虑意外干扰情形下,预计2026年铜矿增量仅63万吨,难以填补需求增长带来的缺口。2026年铜板块有望继续受益于业绩和估值的戴维斯双击,建议关注紫金矿业(601899.SH)、洛阳钼业(603993.SH)、藏格矿业(000408.SZ)、中国有色矿业(01258)...

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