Antofagasta：铜价驱动核心利润增11% 资本开支三年翻倍至39亿美元

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

Antofagasta：铜价驱动核心利润增11% 资本开支三年翻倍至39亿美元

2025-02-19 15:15:26 来源：北方有色网责任编辑：韩泽楷

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财务表现：受益于铜价上行周期，智利矿业巨头Antofagasta年度核心利润同比攀升11%，全年息税折旧摊销前利润（EBITDA）达34.3亿美元，较上年度的30.9亿美元显著改善。

资本开支：年报披露，2023年资本开支规模为24亿美元，预计至2025年，伴随Centinela选矿厂达产，资本开支将陡增至39亿美元。截至2024年末，集团净债务规模录得16.3亿美元，较上年同期的11.6亿美元有所扩张，但仍显著低于市场预期的20亿美元水平。

行业展望：Antofagasta强调全球铜市结构性矛盾深化——新能源转型驱动需求韧性凸显，而矿山品位下滑、矿石硬度上升及资本开支通胀三大供给端瓶颈持续制约产能释放，强化中长期铜价上行支撑逻辑。

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Antofagasta：铜价驱动核心利润增11% 资本开支三年翻倍至39亿美元

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