小金属：铀业弹性表(2025年6月版)

浙商证券2025-06-26

中广核矿业近期更新2026-2028年关联交易销售框架协议，本报告在5月版基础上更新公司2024-2027年权益产量及各年份售价弹性；中广核矿业2024-2027年权益产量CAGR或为6.88%，2026年新合同期定价模式BP部分占比由40%下调至30%，但94.22美金/磅的基础价格仍大幅高于2023-2025价格水平，将显著抬升公司业绩底。风险提示1、KAP复产进度不及预期；2、全球核电发展...

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