今日午盘后沪锡走势：今日沪锡合约2601上涨，开盘价报344880元/吨，盘中最高报347500元/吨，最低 报335620元/吨，结算价报342040元/吨，收盘报340440元/吨，上涨1600元，涨幅0.47%；沪锡主力月 2601合约成交量239837手，持仓量29243手，较前一日减少4558手。 今日现货锡价走势：据长江有色金属网获悉，12月22日ccmn长江综合市场1#锡价报339400元/吨-342400 元/吨，均价报340900元/吨,较前一日价格上涨3500元；今日长江现货市场1#锡价报340000元/吨-342000 元/吨，均价341000元/吨，较上一交易日价格上涨3500元/吨。 ccmn锡市分析：宏观面，在美元走弱、全球流动性宽松与结构性需求爆发的宏观主线下，2025年末的 市场正上演一场"商品为王"的资本大戏。一方面，美联储与全球主要央行的政策分化持续压制美元，为 大宗商品提供了天然的货币"东风"；另一方面，由人工智能与绿色革命驱动的、确定性极强的工业需 求，与频发的地缘冲突和资源民族主义制约下的脆弱供给，共同缔造了商品市场，尤其是有色金属的结 构性牛市。这不仅仅是周期性的复 ...

从伦敦金属交易所（LME）最新交易数据来看，铝价期货，已经突破2880美元/吨这个关口，正加快朝 着3000美元的高位冲击，华尔街的那些，交易员还在留意着英伟达的GPU出货量，却忽视了更为基本的 实体制裁。 并不是，美国的铝，产能被自家的AI泡沫挤出了电网，这就是产业链的零和博弈，当你想要同时保持 高端算力以及基础制造的时候，脆弱的电网负荷，就是第一个倒下的多米诺骨牌。 特朗普政府想要用50%的关税壁垒来，保护本国铝业，可是却是自己把自己弄进了困境，2025年7月， 美国未锻轧铝的进口量，一下子猛降到30.3万吨，关税没有让本国产能得到恢复，反倒切断了外部的供 应途径，让库存水平跌到了历史最低值。 那个被众多人忽略的数字，4500万吨，才是真正厉害的手段，中国所制定的电解铝产能，上限就是这 个，这条红线传递的含义是，不管全球价格多么疯狂地上涨，中国都不会随就去扩大产能来填补西方的 缺口。 这次并非是芯片禁运，而是物理世界出现了反作用，当美国为了囤积铜而把大宗商品价格抬高的时候， 回旋镖就精准地砸向铝的供应链，这并不只是简单的周期波动，这是全球工业针对美国再工业化野心的 一次断供预演。 铝不是一般金属，它乃是固 ...

Investment Rating - The report maintains a positive outlook on copper, predicting an average price of $10,650 per ton by 2026, while expressing a bearish view on aluminum, forecasting a decline to $2,350 per ton in the fourth quarter of 2026 [1][2]. Core Insights - The growth in copper demand is significantly driven by artificial intelligence data centers, which are expected to account for 26% of total demand growth by 2025, despite only representing 1% of total demand [1][4]. - China's recent copper demand has shown weakness, with a notable decline in the fourth quarter, which may persist into 2026 due to a shift towards service sector stimulus policies [1][5]. - The high copper prices may lead to a shift towards substitutes like aluminum, but the impact on aluminum is expected to be less significant compared to the negative effects on copper [1][6]. - The lithium market outlook is optimistic, with a price forecast of $11,000 per ton for lithium carbonate in the first half of 2026, driven by increased demand for energy storage systems [2][8]. - The iron ore market is projected to be bearish, with an average price of $93 per ton in 2026, influenced by high port inventories and declining steel demand in China [2][11]. Summary by Sections Copper Market - The average copper price is expected to reach $10,650 per ton by 2026, influenced by slow growth in scrap supply and increasing global demand [1][2]. - If U.S. tariff policies are clarified, it could stabilize prices between $10,500 and $11,000 per ton; otherwise, increasing U.S. inventories could tighten global markets [1][3]. Lithium Market - The lithium carbonate price is forecasted to rise to $11,000 per ton in early 2026 due to increased demand for battery storage systems, but is expected to decline to around $9,500 per ton later in the year as new supplies come online [2][8]. Aluminum Market - The aluminum market outlook is pessimistic, with expectations of a significant supply surplus starting in 2026, leading to a price drop to $2,350 per ton by the fourth quarter [2][7]. Iron Ore Market - The iron ore price is projected to average $93 per ton in 2026, with factors such as high port inventories and reduced steel production in China contributing to this outlook [2][11].

据哥伦比亚《观察家报》12月13日报道，哥贸易、工业和旅游部近日公布一项法令草案，拟将部分 陶瓷地砖进口关税上调至25%。 该部表示，陶瓷地砖产业在政府"再工业化"政策中具有战略意义，2023年该行业在哥创造了5896个 就业岗位，2024年出口额达3300万美元。草案指出，2023至2025年，三项相关税目的陶瓷地砖进口量均 出现较大幅度增长，多数年份增幅达到两位数。部分来自非自贸协定国家的陶瓷地砖进口到岸价明显低 于来自自贸伙伴国家的同类产品，引发国内有关方担忧。目前，该法令草案已进入公众征求意见阶段， 意见征集将持续至2025年12月24日。 （原标题：哥伦比亚政府拟上调陶瓷地砖进口关税） ...

支柱产业是国民经济的基本盘，在现代化产业体系建设中居于牵一发而动全身的重要地位。"十五五"规 划建议把"建设现代化产业体系，巩固壮大实体经济根基"作为重点任务之一，其中"着力打造新兴支柱 产业"被放在突出位置。这是时代所需、发展所需，意义重大、影响深远。 形成发展合力，避免唯技术论。追求原创性、颠覆性的科技创新，只是起点，不是全部。生产力的持续 迸发，需要生产关系的调整适配。推动新兴支柱产业聚能起势，还要做好改革的文章，推动经济体制、 科技体制、人才机制等改革创新，实现生产要素创新性配置。有效市场、有为政府，二者缺一不可。企 业要担当创新主体，让市场在资源配置中起决定性作用；政府则要整体谋划、推动布局、提供服务，更 好发挥作用。 营造开放创新生态，避免闭门造车。扩大国际合作，在"走出去"的过程中"引资""引智"，同样是新兴产 业培育壮大的重要举措。营造具有全球竞争力的开放创新生态；统筹布局建设科技创新、服务贸易、产 业发展等重大开放合作平台；推进数据高效便利安全跨境流动……"十五五"规划建议中的诸多部署，均 与此有关。如此形成的新兴支柱产业，才能立于潮头，与全球科技革命产业变革共鸣。 财经频道更多独家策划、专 ...

人民财讯12月10日电，近日，在中欧基金2026年度投资策略会上，中欧权益研究部副总监、基金经理任 飞表示，与以往经济周期不同，当前有两股趋势性力量正在形成额外的电力需求：一是AI数据中心的 快速扩张，二是再工业化带来的高耗能产业转移与供应链重建。这两者均独立于传统经济波动，且增速 显著。从中远期来看，全球在未来几年需要额外消耗的用电需求或将面临巨大提升。 在此逻辑下，任飞认为有三大方向值得关注：一是供给约束，电解铝等高耗能行业或受直接限制；二是 需求提振，全球性电力紧张推升光伏、储能需求，2027-2028年海外储能市场或迎增长；三是中国优 势，中国电力供应相对充裕，高耗能制造业成本与供应链优势将进一步凸显。 ...

美国财政部延迟公布的9月JOLTS职位空缺、周度初请失业金、三季度就业成本指数（ECI）将在美联储 决议前密集出炉，任何意外都可能放大波动。芝商所（CME）"恐慌指数"VIX期货曲线倒挂至2025年3 月，显示对冲需求已提前布局。 太平洋另一端，日本债市率先"暴动"。 ETOMarkets的消息，周一，亚太交易时段弥漫着一种"暴风雨前夜"的安静。日经225微升0.3%，韩国 KOSPI涨0.2%，沪深300在平盘附近来回拉锯，MSCI亚太指数连续第三天收出"小阳线"。 表面波澜不惊，实则暗流汹涌——本周美联储、加拿大央行、瑞士央行、澳洲联储将先后公布利率决 定，合计管理着超过20万亿美元的经济体，市场把这四天称为"超级央行周"。 "降息25个基点已被提前锁进价格，真正的博弈是'鹰派降息'还是'鸽派降息'。"Pepperstone研究主管 ChrisWeston在致客户的晨讯中写道。掉期市场显示，周三美联储宣布降息的概率高达98%，但2025年12 月合约利率仍停留在3.75%—4.00%区间，暗示交易员对明年后续路径毫无方向感。巴克莱策略师 AndreaKiguel提醒，2026年可能进入"长期按兵不动"的冰 ...

Group 1: Manufacturing Industry Insights - The manufacturing sector in China is experiencing a significant upturn due to rising global electricity demand and the rapid adoption of AI technologies, with companies like Huaming Equipment benefiting from a 40% annual export growth over the past three years and a gross margin of 55.5% in its equipment business [6][2] - Huaming Equipment has a cost advantage of over 20% compared to its European and American counterparts, along with a delivery time that is 30%-50% shorter, positioning it well in the global market [6] - The re-industrialization trend globally is seen as a form of "Sinicization," where Chinese companies are well-equipped to meet industrial demands in regions lacking local manufacturing capabilities [8][6] Group 2: Real Estate and Manufacturing Relationship - The real estate sector has historically contributed to the development of manufacturing by providing infrastructure and financial support, although it has also created significant debt that needs to be addressed [3][2] - Local governments have utilized revenue from commercial land sales to improve the investment environment for manufacturing, indicating a symbiotic relationship between the two sectors [3] Group 3: Consumer Market Dynamics - Consumer demand in China is currently weak, with some sectors experiencing negative growth, such as the dairy industry, which saw a 2.8% decline in milk production last year [11] - The average value of goods in the express delivery sector has decreased by approximately 40% over the past five years, indicating heightened price sensitivity among consumers [12] - Despite limited growth in consumer spending, there remains potential for long-term growth in consumption, particularly in sectors where per capita consumption is still low compared to other countries [12][11] Group 4: Economic and Income Distribution Challenges - China's consumer spending rate is low, at around 37.2%, significantly below the average of 53.8% for 38 countries, indicating a need for improved income distribution and social security systems [17] - The low consumption tendency is attributed to factors such as high housing costs, a culture of saving, and inadequate social security, which collectively suppress consumer spending [20][17] - Addressing income inequality and enhancing the disposable income of lower-income groups are essential for boosting overall consumption in the economy [21][23]

Core Viewpoint - The article discusses the recent surge in the U.S. stock market related to robotics, driven by potential government policies aimed at enhancing the robotics industry as a national strategic priority, comparable to chips and AI [2][4][5]. Group 1: Government Initiatives - The U.S. government is considering an executive order on robotics technology and is forming a robotics task force within the Department of Transportation [2][10]. - The Biden administration's focus on robotics is part of a broader strategy to reshape AI and manufacturing for enhanced international competitiveness [7][8]. - The "Genesis Mission" initiated by President Trump aims to mobilize 40,000 scientists to create an AI platform focusing on advanced manufacturing and other critical sectors [8][9]. Group 2: Economic and Competitive Context - The U.S. is experiencing a "re-industrialization" anxiety due to the offshoring of manufacturing and vulnerabilities exposed during the pandemic [11]. - Robotics is seen as a solution to restore competitiveness in manufacturing by reducing labor costs and enhancing production efficiency [11][13]. - The U.S. is lagging in robot deployment compared to countries like China and South Korea, which raises concerns about maintaining its technological edge [11][13]. Group 3: Labor Market Implications - The article highlights a paradox where while robotics could alleviate labor shortages in certain sectors, it may also lead to job losses in traditional roles [14][17]. - There is a significant debate on whether the push for automation will contradict the promise of revitalizing manufacturing jobs [18]. - The need for retraining displaced workers to transition into tech roles is emphasized, but the U.S. lacks successful precedents for such initiatives [18][25]. Group 4: National Security and Defense - The strategic push for robotics is also driven by national security concerns, as autonomous systems are becoming essential in modern warfare [19][20]. - Ensuring domestic production capabilities for critical military supplies relies heavily on advanced robotics technology [20][21]. Group 5: Challenges and Future Outlook - Despite the potential benefits, the U.S. faces systemic issues such as a declining STEM workforce and reliance on imported components for robotics [23][24]. - The article warns that while robotics can create wealth, ensuring equitable distribution of that wealth remains a significant challenge [25][26]. - The future of the U.S. robotics strategy is uncertain, with the need for coherent policies and long-term planning to address fundamental economic and social issues [26][28].

新华社华盛顿12月5日电（记者徐剑梅）美国白宫4日深夜发布美国国家安全战略报告，全面阐述 美国总统特朗普今年1月重返白宫后的"美国优先"外交政策，聚焦美国"核心国家利益"，重新调整 美国全球安全优先事项。 报告认为，冷战结束后美国所追求的"永久主导世界"，是"从根本上来说不可取且不可能实现的目 标"，损害美国中产阶级和工业基础。今后，美国国家安全战略旨在保护经过优先级排序的有 限"核心国家利益"，而非面面俱到。 在地区层面，报告提出"西半球优先"，宣称"美国必须在西半球保持首要地位"，加强在拉美的军 事存在，确保美国在拉美"持续享有对关键战略要地的使用权"。报告尖锐批评欧洲，警告其因移 民政策等原因面临"文明消亡的严峻前景"，称美国对欧政策应优先考虑"帮助欧洲纠正其当前发展 轨迹"。报告对中东在美国外交政策中的地位作了"降级"处理，提出要避免陷入使美国在中东地区 付出巨大代价的"永久战争"。 在乌克兰问题上，报告把通过谈判迅速结束乌克兰危机称为"美国核心利益"，称美国需要"重建与 俄罗斯的战略稳定"，以及"终结北约作为永久扩张联盟的认知"。报告还指责欧盟阻挠美国结束乌 克兰危机的努力。 在军事层面，报告提出要 ...