6月11日，位于江西赣州的稀土永磁龙头企业金力永磁公开表示，已陆续获得国家主管部门颁发的中重 稀土出口许可证，出口区域包括美国、欧洲及东南亚等，并将依法依规出口磁材、组件及电机转子。 《华尔街日报》11日认为，金力永磁从中国政府获得向包括美国在内的国家出口产品的许可，这燃起市 场对于中美紧张关系正在缓和的乐观情绪。 中国商务部研究院研究员周密12日告诉《环球时报》记者，涉及稀土的出口管制，中方一再阐明，这是 为维护国家安全和利益，履行国际义务，且并不针对任何特定国家。中国对两用物项的出口管制正趋于 完善，但出口管制不等于不出口，不等于贸易反制，而是中国对两用物项基于可管理的目标开展的。 商务部发言人12日明确表示，"愿进一步加强与相关国家的出口管制沟通对话，促进便利合规贸 易"，"并将持续加强合规申请的审批工作"。周密分析认为，中国的政策当然也适用于美国，但前提是 出口许可申请必须"合规"。周密说，"相信中国主管部门在核准稀土出口申请时，一定会厘清稀土的最 终用户和最终用途，以防止将稀土用于打压中国、有损中国安全和利益的用途。" 当地时间6月9日至10日，中美经贸官员在英国伦敦举行中美经贸磋商机制首次会议。商 ...

英伟达(NVDA.O)CEO：在美国芯片出口管制之下，英伟达将调整预测范围。 ...

近期，稀土相关物项的出口管制政策受到多方关注。商务部6月7日消息显示，商务部部长王文涛6月3日 在与欧盟委员会贸易和经济安全委员谢夫乔维奇会谈时进一步澄清了中国出口管制政策，再次强调对稀 土等物项实施出口管制是国际通行做法，同时，中方高度重视欧方关切，愿对符合条件的申请建立绿色 通道，加快审批，并指示工作层就此保持及时沟通。 商务部新闻发言人6月7日在答记者问时也表示，随着机器人、新能源汽车等行业发展，各国对中重稀土 在民用领域的需求量正持续增长。同时明确表示中国已依法批准一定数量的合规申请，并将持续加强合 规申请的审批工作。商务部新闻发言人强调，中方愿就此进一步加强与相关国家的出口管制沟通对话， 促进便利合规贸易。 6月12日，针对当前颇受关注的稀土相关物项出口管制相关问题，商务部新闻发言人何亚东在例行新闻 发布会上再次回应表示，中国作为负责任的大国，充分考虑各国在民用领域的合理需求与关切，依法依 规对稀土相关物项出口许可申请进行审查，已依法批准一定数量的合规申请，并将持续加强合规申请的 审批工作。 今年4月4日，商务部会同海关总署发布关于对钐、钆、铽、镝、镥、钪、钇等7类中重稀土相关物项实 施出口管制措施 ...

Domestic News - The Chinese government has approved a certain number of export licenses for rare earth-related items, indicating a willingness to enhance communication with relevant countries regarding export controls in the civilian sector [3] - Ant Group's Ant Financial has initiated the application for a stablecoin license in Hong Kong and has engaged in multiple rounds of communication with regulators [3] - The People's Bank of China and the State Administration of Foreign Exchange have jointly issued measures to support financial initiatives in Fujian, aiming to explore new paths for cross-strait integration and development [3] - The Ministry of Industry and Information Technology supports car manufacturers' commitment to a "60-day payment term" to promote healthy industry development [3] International News - Israel is considering military action against Iran in the coming days, as reported by ABC News [2] - The International Atomic Energy Agency has announced that Iran has violated its nuclear non-proliferation obligations, with Iranian media stating that a new uranium enrichment facility will be launched in a secure area [2] Market and Economic Updates - The U.S. dollar index (DXY) has fallen to a three-year low, while the euro has risen to a three-and-a-half-year high [3] - Morgan Stanley maintains its oil price forecast for 2025 but warns that in the worst-case scenario, oil prices could double [3]

当地时间6月9日至10日，中美经贸磋商机制首次会议在英国伦敦举行。中美经贸中方牵头人、国务院副总理何立峰与美方牵头人、美国财政部长贝森特及 商务部长卢特尼克、贸易代表格里尔进行了坦诚、深入的对话，就各自关心的经贸议题深入交换意见。 此次会议是落实中美两国元首6月5日通话重要共识的具体举措，有助于巩固日内瓦经贸会谈成果，对于推动中美经贸关系行稳致远具有重要意义，也为全 球经济复苏增添了确定性、稳定性。 6月9日至10日，中美经贸中方牵头人、国务院副总理何立峰与美方牵头人、美国财政部长贝森特及商务部长卢特尼克、贸易代表格里尔在英国伦敦举行中 美经贸磋商机制首次会议。在会议举办地伦敦兰卡斯特宫外守候的媒体记者。中新网 在美方多次要求下，国家主席习近平在6月5日应约同美国总统特朗普通电话。此次通话是在关键时刻进行的战略沟通，也为中美伦敦经贸会谈指明了方 向。与日内瓦会谈相比，历经两轮、共计约16个小时闭门会晤的伦敦会谈，一大变化在于美国商务部长卢特尼克的参与，这表明出口管制问题成为此次磋 商的重要议题。卢特尼克在谈判结束后表示，达成框架只是第一步，以消除美中经贸方面的负面情绪，稀土和磁铁问题预计将在框架中得以解决。有 ...

| 112 | > 国技期货 | 能源 日报 | | --- | --- | --- | | 操作评级 | | 2025年06月12日 | | 原油 | ★☆☆ | 高明宇 首席分析师 | | 燃料油 | ★☆☆ | F0302201 Z0012038 | | 低硫燃料油 ★☆☆ | | 李祖智 中级分析师 | | 沥青 | なな☆ | F3063857 Z0016599 | | 液化石油气 文文☆ | | 王盈敏 中级分析师 | | | | F3066912 Z0016785 | | | | 010-58747784 gtaxinstitute@essence.com.cn | 【原油】 隔夜国际油价大涨，SC07合约日内上涨3.01%。中美就落实两国元首通话共识及日内瓦会谈共识达成框架，目前来看 本轮磋商结果聚焦在双方取消5月以来的部分出口管制,而将于8月中旬豁免到期的24%对等关税仍有待谈判。特朗普 表示对达成伊核协议的信心减弱。凌晨美国方面通知美国在中东人员部分撤离,中东地缘风险急剧升温。原油对极 端供应冲击情景迅速定价。上周EIA原油库存超预期下降364. 4万桶，亦对原油偏强走势构成支撑。原油短期 ...

Core Viewpoint - The article discusses the ongoing tensions between the U.S. and China regarding the semiconductor industry, highlighting the U.S. accusations against Chinese chip manufacturers and the implications of export controls on both countries' tech sectors [1][3][5]. Group 1: U.S. Accusations and Export Controls - U.S. Commerce Secretary Raimondo criticized Chinese chip companies, claiming they are not producing advanced chips for AI training and smartphones as they assert [1]. - The U.S. Department of Commerce reports that China's annual production of AI training chips is approximately 200,000 units, significantly below the market demand of around 1.5 million units [5]. - Raimondo called for stricter export controls on chips to China, citing the need to prevent technology theft, amidst a backdrop of increasing restrictions since 2019 [3][5]. Group 2: Impact on Semiconductor Industry - The U.S. semiconductor industry has seen a decline in domestic manufacturing share from 37% in 1990 to 11% currently, while China's share has increased from 7% to 24% during the same period [7]. - Major players in the 10nm and below logic chip market, TSMC and Samsung, dominate with 69% and 31% market shares respectively, creating a monopolistic environment [7]. - U.S. sanctions have not only affected Chinese firms but have also disrupted the global semiconductor supply chain, impacting U.S. companies with supply chain issues and market share losses [11]. Group 3: China's Semiconductor Advancements - Despite U.S. restrictions on advanced equipment exports, Chinese companies like Northern Huachuang and Zhongwei Semiconductor have made significant progress in back-end equipment technologies [14]. - Zhongwei Semiconductor's 5nm etching machine has been successfully integrated into TSMC's production line, indicating advancements in China's chip manufacturing capabilities [16]. - China's 12-inch wafer production capacity is expanding at a rate of 30% annually, particularly in the mature process nodes of 28nm and above, positioning China to capture a significant share of the international market [16]. Group 4: Competitive Position and International Relations - Chinese AI chips, such as Huawei's Ascend series, demonstrate competitive performance, achieving 60% of NVIDIA's H100 inference performance while reducing training costs by 40% [18]. - China has implemented export controls on rare earth materials, crucial for semiconductor manufacturing, impacting U.S. companies reliant on these materials, particularly in the automotive sector [22]. - China has signed a $280 billion chip order with ASEAN and African nations, diversifying its market dependencies and strengthening its position in the global semiconductor landscape [24]. Group 5: U.S. Allies and Internal Dissent - U.S. allies are reconsidering their positions, with the Netherlands refusing to fully comply with U.S. directives on DUV lithography machine exports, citing domestic business impacts [25]. - Major companies like Samsung and SK Hynix have lobbied against restrictions on China, warning that such measures could cripple the global automotive industry [27]. - Internal dissent in the U.S. is growing, with former officials questioning the effectiveness of sanctions and the potential for significant job losses in the semiconductor sector [27].

何亚东称，下一步，双方将进一步发挥好中美经贸磋商机制作用，继续保持沟通对话，不断增进共识、 减少误解、加强合作，共同推动中美经贸关系行稳致远。 作。 特朗普称中美已达成协议？ 在12日的商务部例行新闻发布会上，有记者提问称，美国总统特朗普在社交平台发文称，中美已达成协 议，美国将对华征收55%的关税，中国将对美征收10%的关税，并且中国将和之前一样向美国出口磁体 和稀土材料。 对此，何亚东表示，据了解，中美经贸磋商机制首次会议讨论并达成落实两国元首6月5日通话共识以及 日内瓦会谈共识框架，就解决双方彼此经贸关切取得新进展。 何亚东称："中方反对单边加征关税措施的立场是一贯的，敦促美方恪守世贸组织规则，与中方按照相 互尊重、和平共处、合作共赢的原则，共同推动中美经贸关系稳定、可持续发展。" 在12日的外交部例行记者会上，同样有记者就特朗普日前在社交媒体发表的关于中美经贸磋商机制首次 会议的言论提问。新华社报道称，外交部发言人林剑表示，11日下午，中方已就中美经贸磋商机制首次 会议发布消息。"我要强调，本次会议是在两国元首的战略指引下举行的，双方就落实两国元首6月5日 通话重要共识和巩固日内瓦经贸会谈成果的措施框 ...

Core Viewpoint - China is engaged in discussions with various countries, including the United States and the European Union, regarding rare earth issues, indicating a potential shift in global supply chain dynamics [1] Group 1: Diplomatic Engagements - The Indian government has raised concerns about rare earth issues with China, as indicated by the meeting between Indian Ambassador to China, Luo Guodong, and Chinese Vice Minister of Foreign Affairs, Sun Weidong [1] - The Chinese Foreign Ministry spokesperson, Lin Jian, confirmed that discussions between the two nations included topics of mutual concern, although specific details on rare earth negotiations were not disclosed [1] Group 2: Supply Chain Stability - Lin Jian emphasized China's willingness to enhance dialogue and cooperation with relevant countries and regions to maintain the stability of global production and supply chains [1]

截图自东方财富 本报记者 李凯旋 北京报道 6月12日A股开盘后，连续多个交易日大幅上涨的稀土永磁概念板块小幅回落。近10个交易日，多家稀土永磁企业 股价连续涨停，一度创下上市以来的最高点。究其原因，我国自4月份开始对部分中重稀土实施出口管制，而作为 全球稀土供应大国，出口管制使得海外企业陷入缺少"工业维生素"的焦虑，稀土海内外价差也一度拉大。 业内人士及多个企业均提到，我国稀土告别此前"卖出白菜价"的局面，且伴随着包括新能源汽车等新行业的快速 发展，稀土永磁面临蓝海。 稀土关注度持续上升 今年4月份，商务部、海关总署发布公告，表示对包含钐、铽等在内的7种中重稀土相关物项实施出口管制措施公 告，该举措被视为对美国对华加征关税的反制措施之一。公开资料显示，中国是世界稀土资源较大的国家之一。 国新办于2012年发布的《中国的稀土状况与政策》显示，中国稀土储量约占世界总储量的23%。我国对中重稀土 实施出口管制后，海外稀土或面临供应短缺。 告别"卖出白菜价" 中信证券在研报中提到，地缘风险事件扰动矿产供给，进而对相关金属价格形成催化，可能成为影响金属价格的 交易主线之一。《华夏时报》记者注意到，稀土受到出口管制的影 ...