对于市场投资者而言，应该如何解读这场历史性的同盟"交易"？政策面变动之后，ASX关键矿产公司股 票在经历集体粗暴上涨后是否会出现分化？不同开发阶段的公司股票的未来潜在收益几何，风险又几 何？ 攀登价值阶梯的邀请 ( 图片来源：《澳华财经在线》) 【财经要闻及评论】 澳美关键矿产同盟 对市场投资者意味着什么？ 作为近期全球能源资源领域的焦点话题，澳大利亚和美国就共同拱卫关键矿产与稀土供应链安全签署框 架协议的战略举措，被视为迄今为止为打破中国在稀土供应领域市场主导地位所做出的最大努力。 两国共同认定价值85亿美元的优先项目群，以及澳洲政府宣布直接入股两大矿山的承诺，将为澳洲本土 稀土和其他关键矿物的加工与精炼注入新动能。 Market Index的最新报道分析，首先从战略层面看，该协议将使澳洲融入美国推动其国防、清洁能源和 半导体制造业所需金属供应链多元化的努力。 对美国而言，这是对脆弱性的防范，其核心在于资源安全和技术主权——确保先进制造业的关键投入品 能够从盟友而非地缘政治竞争对手那里获得。 对澳大利亚而言，这是攀登价值阶梯的邀请——从只能"挖出来运出去"到跻身为关键矿产材料制造商 ——通过这笔"交易"，澳 ...

Core Viewpoint - The article emphasizes the need to shift China's economic policy focus from infrastructure investment to increasing residents' income and boosting consumption, as the current reliance on investment has led to insufficient demand in the economy [2][3][5]. Investment and Economic Policy - The trend of over-reliance on investment has been evident since 1998, with negative impacts becoming more pronounced after 2008, resulting in a long-term low share of consumption in GDP [3][15]. - Current economic policies should prioritize improving residents' income through effective income distribution adjustments, such as mechanisms for wage increases linked to corporate profits [3][19]. - The article critiques the traditional focus on infrastructure and real estate investment, suggesting that funds should be redirected towards social welfare and living standards [5][6][15]. Employment and Income Distribution - There is a pressing need to address employment issues, particularly for the youth, with over 10 million university graduates entering the job market annually [6][10]. - The article highlights the importance of accurately measuring unemployment, especially in rural areas, where many migrant workers face job losses [7][10]. - A proposed income distribution mechanism should ensure that wage increases are legislated and not left to corporate discretion, addressing the slow growth of employee wages [17][19]. New Infrastructure and Digital Economy - The article advocates for a balanced view on new infrastructure investments, recognizing the necessity of certain projects while cautioning against hasty investments in areas like 5G, which may not yet have a clear demand [4][14]. - The concept of the digital economy is critiqued for its vague definitions, with many companies misrepresenting their digitalization efforts [4]. Long-term Economic Strategy - The article stresses that macroeconomic policies should serve long-term goals rather than short-term fixes, with a focus on sustainable growth driven by consumer spending [23][24]. - It suggests that the lessons from the U.S. economic transformation in the 1990s could provide valuable insights for China's current economic challenges [8][27]. Real Estate Market Concerns - The article expresses concerns about high housing prices, indicating that the affordability of housing should be assessed based on income ratios, which currently indicate a disparity [28]. - It argues that the real estate market's overheating is partly due to local governments' reliance on land sales for revenue, which distorts economic priorities [12][13].