当地时间24日，乌克兰总统泽连斯基在基辅与加拿大总理卡尼举行会谈。 泽连斯基指出，当天双方签署了重要文件并就部分议题达成明确共识。两国签署了安全协议实施路线图 以及无人机生产合作协议等。双方就外交协作、"意愿联盟" 框架下合作、对俄制裁措施、能源领域合 作、加拿大参与乌克兰战后重建和退伍军人康复计划、防务领域协作等议题深入交换了意见。 泽连斯基指出，加拿大新增的5亿美元援助至关重要。加拿大所提供资金将专项用于乌克兰无人机生 产，这是双方此次会谈达成共识的重点。 马克·卡尼在新闻发布会上表示，支持加拿大参与"自愿联盟"，并且不排除向乌克兰派遣地面部队的可 能性。目前尚不清楚究竟是以训练身份还是作为维和部队的一部分派遣地面部队。 （文章来源：央视新闻） ...

Group 1 - The core viewpoint is that increasing defense spending and its impact on metal demand are gaining more attention as the world becomes more multipolar, with NATO committing to allocate 5% of GDP for defense [1] - Defense metal demand is expected to grow structurally, driven by NATO's upgraded spending targets, with NATO countries (excluding the US) projected to spend $507 billion on core defense in 2024, potentially increasing by an additional $371 billion if they reach the 3.5% GDP target [2] - Germany's defense budget is set to rise from €62.4 billion in 2024 to €154 billion in 2029, with 40% allocated for equipment procurement, which will significantly boost metal demand [2] Group 2 - The reconstruction of Ukraine is identified as a "second battlefield" for metal demand, with direct damages estimated at $170 billion and total reconstruction costs ranging from $543 billion to $1.23 trillion [4] - Using two methods to estimate metal demand, it is projected that if reconstruction takes 10 years, annual copper demand could increase by 200,000 tons (0.65% of global share), aluminum by 750,000 tons (1.1%), and steel by 1.76 million tons (1%) [6] - If reconstruction extends to 14 years with a $1 trillion cap, copper demand could reach 1.8 million tons (6.8% annual market), aluminum 720,000 tons (1%), and steel 1.6 million tons (1.8%), which could tighten an already constrained market given the global copper production growth rate of only 2% [6] Group 3 - The combination of defense modernization and post-war reconstruction is expected to drive up metal demand, with steepening demand curves for copper, aluminum, and steel, while strategic metals like rare earths, gallium, and germanium may become bottlenecks [7] - Factors such as spending efficiency, technological advancements (lightweight, intelligent, unmanned systems), and geopolitical dynamics will ultimately determine the intensity of metal consumption [7]

乌克兰和美国即将签署一项具有里程碑意义的矿产协议，这标志着两国在加强经济联系方面迈出了重要 一步。 乌克兰部长内阁于星期三(2月26日)批准了该协议，美国总统唐纳德·特朗普(Donald Trump)证实，乌克 兰领导人弗拉基米尔·泽连斯基(Volodymyr Zelenskyy)将于星期五前往白宫来签署协议。该协议包括联 合拥有和管理乌克兰战后重建基金的条款，乌克兰将从其自然资源的未来收入中拨出50%投入该基金。 协议规定，美国将对乌克兰的稳定和经济繁荣发展做出"长期财务承诺"。 然而，该协议未直接提及结束俄罗斯对乌克兰侵略的努力，也未明确这个东欧国家未来的安全安排，仅 有一句表述: "美利坚合众国政府支持乌克兰争取获得建立持久和平所需的安全保障的努力。" 尽管该协议旨在释放乌克兰的矿产资源潜力并促进其经济复苏，但安全专家警告称，该协议可能无法充 分应对乌克兰在面对俄罗斯继续侵略时的持续安全挑战。 美国商界态度 美国商会乌克兰分会(American Chamber of Commerce in Ukraine)会长安迪·亨德(Andy Hunder)表 示，该协议旨在建立一个新的美乌基金，重点关注国有企业及 ...