第一量子矿业开始运出积压在科布雷巴拿马矿场的铜精矿

基础金属	铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁
稀有金属	稀土稀土矿稀土氧化物稀土金属钕铁硼稀散金属锑铋铟锗镓硒钽锆贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒
新能源	锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

基础金属

铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁

稀有金属

稀土稀土矿稀土氧化物稀土金属钕铁硼 稀散金属锑铋铟锗镓硒钽锆 贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒

新能源

锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰 锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

第一量子矿业开始运出积压在科布雷巴拿马矿场的铜精矿

2025-07-01 09:35:54 来源：北方有色网责任编辑：韩泽楷

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巴拿马城，2025年7月1日 – 第一量子矿业有限公司 (TSX: FM) 已开始运出积压在其科布雷巴拿马 (Cobre Panamá) 矿场约 12 万吨铜精矿，标志着该矿场停产 19 个月后的一个重要里程碑。首批货物于 2025 年 6 月 18 日从该公司位于蓬托林孔 (Punto Rincón) 的私人港口设施启航，由散货船“利普西号”(Lipsi) 运往欧洲冶炼商奥鲁比斯 (Aurubis AG)。此举是在巴拿马政府于 2025 年 5 月授权清理该矿场在 2023 年停产前积累的库存后进行的。

关键进展

分阶段出口策略：首批运出的 3.5 万吨（属于 12 万吨库存的一部分）之后，未来几个月将陆续向日本和韩国的合作伙伴交付更多货物。由此产生的收入将用于维持这座已闲置的、价值 100 亿美元设施的封存和安全维护。
对市场的战略影响：这批铜精矿的释放将为面临精矿严重短缺的全球冶炼厂带来暂时缓解。科布雷巴拿马矿场的关闭曾导致全球铜供应量减少 1.5%，推动粗炼费/精炼费 (TC/RCs) 创下历史新低，并迫使菲律宾和纳米比亚的冶炼厂停产。分析师指出，此次运输可能在短期内稳定价格，但强调解决该矿场的未来运营问题对于长期供应安全至关重要。
法律与政治背景：巴拿马最高法院于 2023 年 11 月以违宪许可和环境违规为由，宣布第一量子矿业的采矿合同无效。虽然出口得以进行，但采矿作业仍被禁止。总统何塞·劳尔·穆利诺 (José Raúl Mulino) 已表示愿意进行谈判，但强调复产谈判仍处于早期阶段，尚无明确解决方案。

利益相关方分歧与后续步骤

社区压力：当地的抗议活动凸显了观点两极分化。数千名前工人和供应商于 6 月 22 日在佩诺诺梅 (Penonomé) 游行，要求重开矿场以重振因关闭而遭受重创的当地经济。相反，全球 101 个环保非政府组织则呼吁永久关闭、撤回仲裁并要求进行环境修复。
财务与运营展望：第一量子已于 2025 年 4 月停止针对巴拿马的国际仲裁程序，转向对话。该公司 2025 年第一季度业绩显示净亏损 2300 万美元，其流动性因与江西铜业达成的 5 亿美元铜预付款协议而得到支撑。投资者正等待 7 月 23 日公布的第二季度业绩，以获取有关巴拿马战略和全球铜对冲计划的最新信息。

利益相关方引述

塞西莉亚·马丁内斯 (Coclesito 居民)： “我们要求获得体面工作的权利。矿场关闭摧毁了我们的生计——采矿曾带来了社会和经济的进步。”

薇薇安娜·埃雷拉 (加拿大矿业观察组织)： “第一量子必须接受巴拿马的主权决定，放弃仲裁索赔，并优先进行环境修复。”

背景

科布雷巴拿马矿场曾是全球最大的铜矿之一，在关闭前贡献了巴拿马 5% 的国内生产总值 (GDP) 和 75% 的出口额。其未来的运营前景取决于能否解决宪法冲突，并在经济需求与环境保护之间取得平衡。

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第一量子矿业开始运出积压在科布雷巴拿马矿场的铜精矿

关键进展

利益相关方分歧与后续步骤

利益相关方引述

背景

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