节点：中游（冶炼、中间品）位置：中游情绪：利好参考度：6/10
Merdeka Copper Gold（MDKA）发布截至2025年12月31日综合矿产资源及矿石储量报告，核心数据显示矿石储量显著增长、矿产资源持续提升。公司总裁Albert Saputro指出，储量增长主要得益于矿山规划优化、地质模型更新及主要资产勘探项目成功，其中Tujuh Bukit铜项目为最大贡献者，黄金与铜储量均实现明显增加；同时，Tujuh Bukit金矿运营优化及经济假设更新，进一步提升了储量质量与经济可行性。
从运营维度看，本次储量更新延长了矿山寿命，增强了长期生产可见性，为MDKA战略项目开发..
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