<h2>关键点</h2>
<ul>
<li>贵金属和关键矿物对现代技术至关重要，并且是国家安全的战略工具。</li>
<li>SSR Mining 由于黄金和白银价格的上涨而经历了显著增长。</li>
<li>The Metals Company (TMC) 正在将深海多金属结核作为镍、铜和钴等关键矿物的来源。</li>
<li>我们更看好的 10 只股票超过 TMC The Metals Company ›</li>
</ul>
<p>确保其他关键矿物的国内供应的机会为新兴公司打开了市场，包括 <strong>The Metals Company</strong>(NASDAQ: TMC)。与此同时，较高的黄金和白银价格为像 <strong>SSR Mining</strong>(NASDAQ: SSRM) 这样的贵金属矿商带来了意外之财。</p>
<p>如果您正在权衡投资选择并考虑这两只矿业股票，以下是您需要了解的内容，以及今天哪一只股票更值得投资。</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg1ODcyNS9hLWdvbGQtbnVnZ2V0LWluLWEtbWluZXJzLWhhbmQtZ2V0dHkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg1ODcyNS9hLWdvbGQtbnVnZ2V0LWluLWEtbWluZXJzLWhhbmQtZ2V0dHkuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>SSR Mining 受益于贵金属价格飙升</h2>
<p>SSR Mining 在美国、加拿大和阿根廷运营多座矿山。该公司的主要关注点是黄金和白银等贵金属，但也开采包括铜、铅和锌在内的基本金属。</p>
<p>由于贵金属价格飙升，该公司去年交出了优异的业绩。总收入达到 16.3 亿美元，同比增长近 64%，这得益于实现的黄金和白银价格分别上涨 48% 和 46%。与此同时，净收入为 3.958 亿美元，较 2024 年的 2.613 亿美元净亏损大幅扭转。</p>
<p>该公司最近以 15 亿美元现金出售了其在土耳其Çöpler 矿的 80% 股份，该矿因 2024 年的致命事故而被监管机构关闭。<strong>美国银行</strong> 的分析师认为，此次出售是一个良好的举措，减少了矿商对新兴市场的暴露，同时该公司专注于更成熟市场的资产。</p>
<h2>TMC 寻求深海采矿以确保国内关键矿物生产</h2>
<p>相比之下，TMC 是一家早期阶段的探索性矿业公司，专注于海底深海多金属结核。该公司将这些富含矿物的岩石视为镍、铜、钴和锰等关键矿物的优质来源。这些金属因其在电动车锂离子电池中的关键组成部分而受到关注，同时也对国家安全至关重要。</p>
<p>通过开采海底，TMC 可能成为这些材料的主要供应商。这将有助于减少对外国来源的依赖，特别是中国，后者在关键矿物的开采和加工方面占据主导地位。然而，该公司在开始深海采矿之前面临一些监管障碍。国际上，深海采矿由联合国海洋法公约下的国际海底管理局（ISA）监管。</p>
<p>由于 ISA 在建立开采法规方面的反复延误，TMC 通过根据美国深海硬矿资源法向 NOAA 提交了一份合并申请来调整策略。3 月 9 日，NOAA 确定该申请 “实质合规”。虽然这不是最终许可证，但这是一个积极的发展，将 TMC 的申请从提交阶段转变为正式实质审查。</p>
<h2>一只股票今天更值得购买</h2>
<p>这两只股票各自都有独特的风险。SSR Mining 更为成熟，但其表现与现货黄金和白银价格密切相关。如果这些贵金属价格暴跌，SSR Mining 股票也会随之下跌。与此同时，TMC 希望在 2027 年底开始生产，但仍需获得深海采矿许可证，并可能面临法律挑战。</p>
<p>如果您对国内关键矿物的生产持乐观态度，并愿意承受前方的重大风险，TMC 可能适合您。然而，如果您对黄金和白银价格持乐观态度，并希望利用进一步的上涨，SSR Mining 现在是更好的选择。</p>
<h2>您现在应该购买 TMC The Metals Company 的股票吗？</h2>
<p>在您购买 TMC The Metals Company 的股票之前，请考虑以下事项：</p>
<p><em>Motley Fool Stock Advisor</em> 分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong>，供投资者现在购买……而 TMC The Metals Company 并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果您在我们推荐时投资了 1000 美元，<strong>您将拥有 508,607 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果您在我们推荐时投资了 1000 美元，<strong>您将拥有 1,122,746 美元</strong>！*</p>
<p>现在值得注意的是 <em>Stock Advisor</em> 的总平均回报率为 933%——相比之下，标准普尔 500 指数的回报率为 188%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取 <em>Stock Advisor</em>。</strong></p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 回报截至 2026 年 3 月 13 日。</em></p>
<p><em>Courtney Carlsen 在 TMC The Metals Company 拥有持仓。Motley Fool 对提到的任何股票没有持仓。Motley Fool 有披露政策。</em></p>
<p>本文中表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc. 的观点。</p>

中金黄金

GBUG

金矿小盘股 ETF - VanEck Vectors

<p>The Metals Company (TMC) 和 SSR Mining (SSRM) 是两只具有不同关注点的矿业股票。SSRM 在黄金和白银价格上涨的情况下蓬勃发展，报告收入增长 64% 至 16.3 亿美元，净收入扭转为 3.958 亿美元。相比之下，TMC 针对深海多金属结核中的关键矿物，面临监管障碍，但在国内供应方面展现出潜力。虽然 SSRM 更为成熟，但 TMC 在关键矿物生产方面提供了潜在机会。投资者在选择这两只股票时应权衡风险和市场状况</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键点</h2>
</div><ul>
<li>Precious metals and critical minerals are essential for modern technologies and are strategic instruments of national security.</li>
<li>SSR Mining has experienced significant growth thanks to rising gold and silver prices.</li>
<li>The Metals Company (TMC) is targeting deep-sea polymetallic nodules as a source of critical minerals like nickel, copper, and cobalt.</li>
<li>10 stocks we like better than TMC The Metals Company ›</li>
</ul>
<div class="lb-trans"><ul>
<li>贵金属和关键矿物对现代技术至关重要，并且是国家安全的战略工具。</li>
<li>SSR Mining 由于黄金和白银价格的上涨而经历了显著增长。</li>
<li>The Metals Company (TMC) 正在将深海多金属结核作为镍、铜和钴等关键矿物的来源。</li>
<li>我们更看好的 10 只股票超过 TMC The Metals Company ›</li>
</ul>
</div><p>The opportunity to secure a domestic supply of other critical minerals has opened up a market for up-and-coming companies, including <strong>The Metals Company</strong>(NASDAQ: TMC). Meanwhile, the higher gold and silver prices have been a windfall for precious metals miners like <strong>SSR Mining</strong>(NASDAQ: SSRM).</p>
<div class="lb-trans"><p>确保其他关键矿物的国内供应的机会为新兴公司打开了市场，包括 <strong>The Metals Company</strong>(NASDAQ: TMC)。与此同时，较高的黄金和白银价格为像 <strong>SSR Mining</strong>(NASDAQ: SSRM) 这样的贵金属矿商带来了意外之财。</p>
</div><p>If you're weighing your investment options and are considering these two mining stocks, here's what you need to know and which one is a better investment today.</p>
<div class="lb-trans"><p>如果您正在权衡投资选择并考虑这两只矿业股票，以下是您需要了解的内容，以及今天哪一只股票更值得投资。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg1ODcyNS9hLWdvbGQtbnVnZ2V0LWluLWEtbWluZXJzLWhhbmQtZ2V0dHkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F858725%2Fa-gold-nugget-in-a-miners-hand-getty.jpg&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>SSR Mining benefits from surging precious metals prices</h2>
<div class="lb-trans"><h2>SSR Mining 受益于贵金属价格飙升</h2>
</div><p>SSR Mining operates multiple mines in the United States, Canada, and Argentina. The company's primary focus is on precious metals like gold and silver, but it also mines base metals, including copper, lead, and zinc.</p>
<div class="lb-trans"><p>SSR Mining 在美国、加拿大和阿根廷运营多座矿山。该公司的主要关注点是黄金和白银等贵金属，但也开采包括铜、铅和锌在内的基本金属。</p>
</div><p>Thanks to surging precious metal prices, the company delivered excellent results last year. Total revenue came in at $1.63 billion, a nearly 64% year-over-year increase, driven by 48% and 46% increases in realized gold and silver prices, respectively. Meanwhile, net income was $395.8 million, a big turnaround from the $261.3 million net loss in 2024.</p>
<div class="lb-trans"><p>由于贵金属价格飙升，该公司去年交出了优异的业绩。总收入达到 16.3 亿美元，同比增长近 64%，这得益于实现的黄金和白银价格分别上涨 48% 和 46%。与此同时，净收入为 3.958 亿美元，较 2024 年的 2.613 亿美元净亏损大幅扭转。</p>
</div><p>It recently sold its 80% stake in the Çöpler Mine in Turkey, which had been shut down by regulators following the fatal accident in 2024, for $1.5 billion in cash. Analysts at <strong>Bank of America</strong> viewed the sale as a good move that reduces the miner's exposure to emerging markets while the company focuses on more developed-market assets.</p>
<div class="lb-trans"><p>该公司最近以 15 亿美元现金出售了其在土耳其Çöpler 矿的 80% 股份，该矿因 2024 年的致命事故而被监管机构关闭。<strong>美国银行</strong> 的分析师认为，此次出售是一个良好的举措，减少了矿商对新兴市场的暴露，同时该公司专注于更成熟市场的资产。</p>
</div><h2>TMC looks to deep-sea mining to secure domestic critical mineral production</h2>
<div class="lb-trans"><h2>TMC 寻求深海采矿以确保国内关键矿物生产</h2>
</div><p>In contrast, TMC is an early-stage, exploratory mining company focused on deep-sea polymetallic nodules on the ocean floor. The company sees these mineral-rich rocks as an excellent source of critical minerals, including nickel, copper, cobalt, and manganese. These metals have come into focus because they're critical components in lithium-ion batteries for electric vehicles and are also important for national security.</p>
<div class="lb-trans"><p>相比之下，TMC 是一家早期阶段的探索性矿业公司，专注于海底深海多金属结核。该公司将这些富含矿物的岩石视为镍、铜、钴和锰等关键矿物的优质来源。这些金属因其在电动车锂离子电池中的关键组成部分而受到关注，同时也对国家安全至关重要。</p>
</div><p>By mining the ocean floor, TMC could be a major supplier of these materials. This would help reduce reliance on foreign sources, notably China, which has a stronghold in critical mineral mining and processing. However, the company faces some regulatory hurdles before it can even begin mining the deep-sea floor. Internationally, deep-sea mining is overseen by the International Seabed Authority (ISA) under the United Nations Convention on the Law of the Sea.</p>
<div class="lb-trans"><p>通过开采海底，TMC 可能成为这些材料的主要供应商。这将有助于减少对外国来源的依赖，特别是中国，后者在关键矿物的开采和加工方面占据主导地位。然而，该公司在开始深海采矿之前面临一些监管障碍。国际上，深海采矿由联合国海洋法公约下的国际海底管理局（ISA）监管。</p>
</div><p>Because of repeated delays by the ISA in establishing exploitation regulations, TMC shifted strategy by filing a consolidated application with NOAA under the U.S. Deep Seabed Hard Mineral Resources Act. On March 9, NOAA determined that the application was in &#34;substantial compliance.&#34; While this is not a final permit, it's a positive development that transitions TMC's application from the filing phase into a formal substantive review.</p>
<div class="lb-trans"><p>由于 ISA 在建立开采法规方面的反复延误，TMC 通过根据美国深海硬矿资源法向 NOAA 提交了一份合并申请来调整策略。3 月 9 日，NOAA 确定该申请 “实质合规”。虽然这不是最终许可证，但这是一个积极的发展，将 TMC 的申请从提交阶段转变为正式实质审查。</p>
</div><h2>One stock stands out as a better buy today</h2>
<div class="lb-trans"><h2>一只股票今天更值得购买</h2>
</div><p>Both stocks come with their own unique risks. SSR Mining is more established, but its performance is closely linked to spot gold and silver prices. If these precious metal prices plummet, SSR Mining stock will follow suit. Meanwhile, TMC hopes to begin production in late 2027, but still needs to obtain its deep-sea mining permit and could face legal challenges along the way.</p>
<div class="lb-trans"><p>这两只股票各自都有独特的风险。SSR Mining 更为成熟，但其表现与现货黄金和白银价格密切相关。如果这些贵金属价格暴跌，SSR Mining 股票也会随之下跌。与此同时，TMC 希望在 2027 年底开始生产，但仍需获得深海采矿许可证，并可能面临法律挑战。</p>
</div><p>If you're bullish on the domestic production of critical minerals and are willing to stomach the significant risks ahead, TMC might just be for you. However, if you are bullish on gold and silver prices and seeking a way to capitalize on further upside, SSR Mining is a better choice right now.</p>
<div class="lb-trans"><p>如果您对国内关键矿物的生产持乐观态度，并愿意承受前方的重大风险，TMC 可能适合您。然而，如果您对黄金和白银价格持乐观态度，并希望利用进一步的上涨，SSR Mining 现在是更好的选择。</p>
</div><h2>Should you buy stock in TMC The Metals Company right now?</h2>
<div class="lb-trans"><h2>您现在应该购买 TMC The Metals Company 的股票吗？</h2>
</div><p>Before you buy stock in TMC The Metals Company, consider this:</p>
<div class="lb-trans"><p>在您购买 TMC The Metals Company 的股票之前，请考虑以下事项：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and TMC The Metals Company wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p><em>Motley Fool Stock Advisor</em> 分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong>，供投资者现在购买……而 TMC The Metals Company 并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $508,607</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,122,746</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果您在我们推荐时投资了 1000 美元，<strong>您将拥有 508,607 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果您在我们推荐时投资了 1000 美元，<strong>您将拥有 1,122,746 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 933% — a market-crushing outperformance compared to 188% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是 <em>Stock Advisor</em> 的总平均回报率为 933%——相比之下，标准普尔 500 指数的回报率为 188%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取 <em>Stock Advisor</em>。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of March 13, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 回报截至 2026 年 3 月 13 日。</em></p>
</div><p><em>Courtney Carlsen has positions in TMC The Metals Company. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Courtney Carlsen 在 TMC The Metals Company 拥有持仓。Motley Fool 对提到的任何股票没有持仓。Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>本文中表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc. 的观点。</p>
</div>

更优的矿业股票：TMC the Metals 与 SSR Mining