据路透社2月7日报道，阿根廷外长巴勃罗·基尔诺表示，阿根廷本周与美国签署的关键矿产协议并 不排除中国在阿根廷矿业领域的投资。 该协议是本周在美国华盛顿举行会议之后宣布的。当地时间4日，美国举办首届关键矿产部长级会 议，由美国国务卿鲁比奥主持，来自50多个国家的代表参加此次会议。 来源 央视新闻 环球时报 阿根廷和美国还在周四最终敲定了一项互惠贸易和投资协议。阿根廷承诺，在铜、锂和其他关键矿 产贸易方面，将优先选择美国作为贸易伙伴。阿根廷总统府在一份声明中表示，该协定旨在降低关税和 非关税壁垒，增加能源、基础设施等战略领域的投资等。阿根廷舆论认为，政府此举旨在通过对美开放 市场缓和美方关税压力，但势必给阿根廷农业发展带来冲击。 ...

据英国政府声明，英美两国于2月4日在华盛顿特区签署了一份谅解备忘录。拟支持对两国商业和国防产 业至关重要的关键矿产原料及加工产品的供应。计划利用各自现有的关键矿产开采加工业务能力及新增 产能。 ...

摩根大通更将年底金价看至6300美元。关键矿产之争，正重塑地缘格局与投资逻辑。 【最新纸黄金行情解析】 2026年2月5日，工行纸黄金(人民币)价格约1116元/克，延续前两日反弹趋势，日内震荡上行，波动幅度 温和。其定价紧密挂钩国际金价(5046美元/盎司)与人民币汇率，无杠杆特性使价格波动显著低于 Au(t+d)与期货品种。技术面看，日线级别MACD红柱持续扩张，RSI回升至65附近，短期多头动能修 复，关键支撑位于1110元/克，阻力位聚焦1125元/克。受全球央行购金与地缘避险情绪支撑，中长期趋 势偏多，但5000美元整数关口压力制约短期上行空间，建议以震荡思路操作。 【要闻速递】 当前，人工智能竞争正将美国拖入一场关乎全球主导权的"新冷战"，而关键矿产成核心战场。电动汽 车、国防及AI等尖端技术高度依赖此类矿物，特朗普政府本周推出"Project Vault"储备计划，剑指国家 安全关键元素，上月更因委内瑞拉、格陵兰岛的矿产储备引发扣押与领土争议，凸显"赢家通吃"下的干 预主义外交。 富国银行专家指出，AI是西方必须全胜的竞赛，智能优势直接决定主导地位。关键矿产早成地缘冲突 焦点：美国虽领跑半导体制 ...

供需之上：关键矿产地位迎来长周期战略性抬升 20260204 摘要 美国试图通过"关键矿产计划"和资本入股等手段控制上游资源，重构 全球供应链，以减少中国在全球供应链中的核心地位，但多数国家选择 供应链多元化。 美国通过地缘政治事件（如伊朗、格陵兰事件）、关税政策和自贸条约 限制等手段影响全球资源市场，旨在获取更多战略资源并限制竞争对手。 特朗普政府在拉美地区采取行动，如试图干预巴拿马运河投资和对委内 瑞拉采取军事行动，以确保美国在该地区的战略优势。 地缘政治波动和经贸摩擦常态化将对关键矿产产生影响。美国或将继续 通过制造经贸危机传递稳定信号，战略资源再调整，以获取更多资源并 限制竞争对手。 中国收紧稀土出口管制，将含重稀土元素产品纳入管制，导致氧化钕等 价格上涨。同时，加强国内稀土开采和冶炼总量调控，保障战略资源供 给安全。 Q&A 关键矿产的地位在未来是否会迎来长周期的抬升？如果是，主要原因是什么？ 关键矿产的地位确实可能会迎来长周期的抬升，主要原因在于地缘政治因素。 最近一系列事件表明，全球供应链和资源控制正成为大国博弈的新焦点。例如， 美国前总统特朗普成立了关键矿产计划，并且美国资本入股了一些关键矿产 ...

Market Overview - On February 3, 2026, all three major U.S. stock indices closed lower due to a shift towards cyclical and value stocks, a new wave of AI replacement risks, and escalating tensions between the U.S. and Iran[2] - The Hang Seng Index closed at 26,835, down 0.22% for the day but up 4.70% year-to-date[3] - The S&P 500 index fell by 0.84%, while the Nasdaq dropped by 1.43%[3] Technology Sector Impact - Major tech stocks experienced significant declines, with Nvidia down 2.84%, Microsoft down 2.87%, and Meta down 2.08% due to fears of AI replacing software services[12] - AI data analytics company Palantir saw a 6.85% increase in stock price after reporting a 70% year-over-year revenue growth, reaching $1.41 billion for Q4 2025[12] Commodity and Resource Stocks - Gold prices surged, with spot gold rising nearly 6% to over $4,900 per ounce, while silver prices jumped 10% to $87.21 per ounce[9] - Resource stocks performed well, with Southern Copper rising 11.74% and Energy Fuels increasing by 16.56% amid rising commodity prices[12] Corporate Developments - China National Building Material saw an 8.51% increase after BlackRock raised its stake, reflecting long-term confidence despite a profit warning[9] - AMD's Q4 2025 revenue and EPS showed strong double-digit growth, but its Q1 2026 revenue guidance fell short of market expectations, leading to a 7% drop in after-hours trading[15]

Core Viewpoint - The article emphasizes the strategic importance of critical minerals in clean energy transition, technological development, and national defense, highlighting the strong global demand and competitive positioning of countries in this sector [1]. Group 1: U.S. Government Investments - The U.S. government has signed a $1.6 billion letter of intent with American Rare Earths, acquiring a 10% stake in the company and providing $1.3 billion in senior secured debt financing [2][3]. - This investment is part of a broader strategy to secure the supply of critical minerals essential for various advanced technologies, including semiconductors and electric vehicles [2]. - The U.S. government has previously invested in other mining companies, such as MP Materials, to enhance domestic rare earth processing capabilities [3]. Group 2: Global Competition for Critical Minerals - Countries are intensifying efforts to secure strategic autonomy in critical minerals, with the U.S. expanding its influence both domestically and internationally [3][4]. - The article notes that the U.S. is eyeing resources in Venezuela and Greenland, which are rich in critical minerals necessary for future technologies [5][6]. - Other nations, including Canada and Brazil, are also seeking to enhance their strategic autonomy in energy and critical minerals, reflecting a global trend towards self-sufficiency [7]. Group 3: Strong Demand for Critical Minerals - The International Energy Agency (IEA) projects that demand for lithium will increase fivefold by 2040, with cobalt and rare earths expected to grow by 50% to 60% [8]. - The report indicates significant supply gaps for copper and lithium by 2035, highlighting long-term supply pressures in the critical minerals market [8]. - The increasing demand for digital technologies and renewable energy solutions is driving the need for critical minerals, with projections of a 500% increase in production for graphite, lithium, and cobalt by 2050 [9].

Core Insights - South Korea and Italy have agreed to expand cooperation in artificial intelligence, aerospace, semiconductors, and critical minerals [1] Group 1: Cooperation Agreements - A memorandum of understanding was signed between the two countries regarding collaboration in the semiconductor industry, which includes AI-related cooperation [1] - Both leaders agreed to strengthen efforts to develop a resilient and reliable supply chain for critical minerals [1] Group 2: Additional Discussions - The summit also covered collaboration on joint research projects, as well as exchanges in tourism and cultural cooperation [1] - A commitment to the denuclearization of the Korean Peninsula was reaffirmed by both leaders [1]

责任编辑：王永生 责任编辑：王永生 韩国青瓦台表示，韩国总统李在明和意大利总理梅洛尼周一同意扩大在人工智能、航空航天、芯片和关 键矿产等领域的合作。正在韩国访问的梅洛尼与李在明举行了峰会。青瓦台在声明中表示，两国签署了 芯片产业合作的谅解备忘录，其中包括与人工智能相关的合作。声明表示，两国领导人也同意加强共同 努力，发展富有韧性而可靠的关键矿产供应链。梅洛尼和李在明还讨论了在联合研究项目和交流、旅游 和文化合作方面的协作，并重申对朝鲜半岛无核化的承诺。 韩国青瓦台表示，韩国总统李在明和意大利总理梅洛尼周一同意扩大在人工智能、航空航天、芯片和关 键矿产等领域的合作。正在韩国访问的梅洛尼与李在明举行了峰会。青瓦台在声明中表示，两国签署了 芯片产业合作的谅解备忘录，其中包括与人工智能相关的合作。声明表示，两国领导人也同意加强共同 努力，发展富有韧性而可靠的关键矿产供应链。梅洛尼和李在明还讨论了在联合研究项目和交流、旅游 和文化合作方面的协作，并重申对朝鲜半岛无核化的承诺。 ...

Group 1 - The core viewpoint of the article is that Canada and China have signed a new trade cooperation roadmap, marking a new phase in their bilateral relations, with Canadian Prime Minister Carney stating that China is more stable and predictable than the U.S. [1][3] - The agreement includes specific arrangements to address trade issues in sectors such as electric vehicles, steel, aluminum, canola, and agricultural products, with Canada granting China an annual quota of 49,000 electric vehicles at a 6.1% most-favored-nation tariff rate [3][4] - Carney acknowledged that while there are still differences between Canada and China, the dialogue has been honest and stable, leading to a more predictable and productive relationship [3][4] Group 2 - The visit by Carney is seen as an attempt to reset the strained bilateral relationship and diversify trade amidst U.S. tariffs and threats to Canadian sovereignty [7] - There is a notable shift in Canadian public opinion towards China, with over 50% of Canadians supporting increased trade with China, reflecting a more pragmatic approach to foreign policy [9][10] - Despite the positive developments, there are internal divisions in Canada regarding the trade agreement, particularly between provinces that rely on agriculture and those focused on the automotive industry [8][9]

Group 1 - Silver TD is currently trading above 22,604, with a recent price of 22,721, reflecting a 0.52% increase, and has seen a high of 23,110 and a low of 22,040 during the session, indicating a short-term bullish trend [1] - Trump has not imposed tariffs on key mineral imports, including silver and platinum, opting for bilateral negotiations instead, which has led to concerns about increased tariffs causing accumulation of metals in U.S. warehouses [2] - Current silver inventories in warehouses related to NYMEX futures trading stand at approximately 434 million ounces, an increase of about 100 million ounces compared to a year ago when tariffs caused trade disruptions [2] Group 2 - Analysts from StoneX highlight that silver outflows from the U.S. may face obstacles due to its inclusion on Trump's key mineral list, despite the potential for inventory to alleviate other market tensions [2] - The medium-term outlook for silver remains positive, supported by supply shortages, industrial consumption, and spillover demand from gold, although recent price volatility necessitates a cautious short-term approach [2] - Technical analysis indicates that silver TD has ended a week of consecutive gains with a slight decline, currently in a consolidation phase, with support levels identified between 21,500 and 22,000, and resistance levels between 23,500 and 24,000 [3]