Core Viewpoint - President Putin stated that the current situation regarding Greenland is completely unrelated to Russia, emphasizing that the U.S. and Denmark will handle the dispute independently [1] Group 1: Russia's Position - Putin referenced Denmark's historical sale of the U.S. Virgin Islands to the U.S. in 1917, suggesting that the U.S. and Denmark have prior experience in resolving such matters [1] - He cited the example of Russia selling Alaska to the U.S. in the 19th century, implying that the U.S. has the capability to "purchase" Greenland for nearly $10 billion [1] Group 2: Greenland's Status - Greenland is the world's largest island and is an autonomous territory of Denmark, with defense and foreign affairs managed by the Danish government [1] - The chairman of the Danish Parliament's Defense Committee, Rasmus Jarlov, stated that Greenland is not influenced by Russia or China [1]

Group 1 - The core issue revolves around the ongoing Greenland dispute, with the U.S. President indicating potential retaliatory measures against Europe if trade actions are taken against the U.S. [1][3] - The President has expressed a strong desire to acquire Greenland, suggesting that the goal is "irreversible" and not ruling out the use of force to achieve this aim [3][4] - European nations, including several industry associations in Germany, have criticized the U.S. for its threats of tariffs, arguing that such actions will exacerbate tensions in transatlantic trade relations and harm both European industries and the U.S. economy [4] Group 2 - The European Parliament has called for the EU to establish credible deterrents and prepare to activate counter-coercion tools in response to U.S. economic intimidation [4] - There is a growing sentiment among European allies that they can no longer rely solely on transatlantic partnerships and must take a firmer stance against U.S. trade threats [4]

Group 1 - The core message from the World Economic Forum in Davos emphasizes the need for calm and avoidance of retaliatory measures regarding Greenland's status [2] - U.S. President Donald Trump is open to proposals for resolving issues related to Greenland, highlighting its importance to the U.S. [2] - Trump announced a 10% tariff on goods from several European countries, which will increase to 25% if an agreement on the "complete and total acquisition" of Greenland is not reached by June 1 [2] Group 2 - Greenland is an autonomous territory of Denmark, and the U.S. has a defense agreement with Denmark to protect the island from potential aggression [4] - Russian Foreign Minister Sergey Lavrov stated that the disputes surrounding Greenland are part of broader issues stemming from colonial times [4] - Lavrov highlighted that Greenland has a colonial history, being a colony of Norway and later Denmark, and its current status as a territory linked to the EU rather than a part of Denmark [4]

Core Viewpoint - The escalating conflict between the US and Europe over Greenland has led to President Trump's unexpected announcement of a 10% tariff on several major European countries, which analysts suggest could push NATO into its most severe crisis ever [1]. Group 1: US Actions and Reactions - On January 17, Trump announced additional tariffs on European countries due to misunderstandings regarding military personnel sent to Greenland, which he believed were for aggressive purposes [1][3]. - Following the tariff announcement, a German military team conducted a rapid evacuation from Greenland, indicating immediate repercussions of the US's decision [4]. - The Netherlands also confirmed the planned departure of its military personnel from Greenland, while Denmark increased its troop presence on the island [6]. Group 2: NATO Dynamics - NATO officials believe that the deployment of military personnel to Greenland was counterproductive and provoked Trump's tariff threats, rather than enhancing NATO's presence [9]. - Trump expressed concerns about the unclear intentions behind the military deployments, suggesting that the actions of these countries were escalating risks [9]. - Denmark's Defense Minister emphasized the importance of maintaining relations with the US, warning that NATO cannot afford to sever ties with Washington [10]. Group 3: European Defense Spending - Analysts note that decades of insufficient defense spending in Europe have left countries reliant on US military support, complicating the current geopolitical situation [12]. - Despite a desire for greater independence, establishing a robust European defense capability would take decades, highlighting the imbalance in US-European relations [12].

Report Summary 1. Report's Industry Investment Rating - No information provided on the industry investment rating [1][2][3] 2. Core View of the Report - Platinum shows a box - shaped oscillation, and palladium follows a range - bound oscillation [3] 3. Summary by Relevant Catalogs 3.1. Fundamental Tracking - **Price Data**: The closing prices of platinum and palladium futures and spot markets showed different changes yesterday. For example, platinum futures 2606 closed at 615.10, up 0.83%; gold exchange platinum closed at 605.17, up 0.45%; NYMEX platinum (the day before) closed at 2381.60, up 1.65%. Among palladium prices, palladium futures 2606 closed at 477.95, up 1.83%; RMB spot palladium closed at 436.00, down 1.13%; NYMEX palladium (the day before) closed at 1882.00, up 1.92% [2] - **Trading and Position Data**: Trading volumes of platinum and palladium in different markets decreased compared to the day before. For example, Guangzhou platinum trading volume was 15,282 kg, a decrease of 10,420 kg; NYMEX platinum trading volume was 16,881 kg, a decrease of 27,525 kg. Positions also had different changes, with some increasing and some decreasing. For example, Guangzhou platinum positions increased by 313 to 38,171, while NYMEX platinum positions decreased by 281 to 102,281 [2] - **ETF and Inventory Data**: Platinum and palladium ETF positions (in ounces, the day before) decreased. Platinum ETF positions were 3,270,326 ounces, a decrease of 237 ounces; palladium ETF positions were 1,192,961 ounces, a decrease of 223 ounces. Inventory data also had different changes, such as NYMEX platinum inventory (in ounces, the day before) increasing by 100 to 664,393 ounces, and NYMEX palladium inventory (in ounces, the day before) decreasing by 3,888 to 207,020 ounces [2] - **Spread and Exchange Rate Data**: Spreads between different platinum and palladium contracts and against spot prices changed. For example, the spread between PT9995 and PT2606 was -9.93, a decrease of 2.34 compared to the day before. Exchange rates such as the US dollar index decreased by 0.32% to 99.05; the US dollar against the RMB (CNY spot) decreased by 0.01% to 6.97 [2] 3.2. Macro and Industry News - The French Prime Minister will use Article 49.3 of the Constitution on Tuesday to take action on the revenue part of the 2026 budget draft [4] - Fed Chairman Powell will attend the Supreme Court hearing on Fed Governor Cook [5] - Japanese Prime Minister Kaochi Sanae will dissolve the House of Representatives on January 23 and hold a general election vote on February 8 [5] - The International Monetary Fund expects the world economy to grow 3.3% in 2026, an increase of 0.2 percentage points compared to the forecast in October last year; it will grow 3.2% in 2027, the same as the forecast in October last year [5] - Regarding the Greenland issue, Germany and France will take strong actions in response to US tariff threats, and EU leaders will hold an emergency summit in Brussels on Thursday. Danish officials will miss the Davos Forum due to the escalating Greenland dispute [5] - Sources said that Russia's gasoline export ban on producers may be lifted in February [5] 3.3. Trend Intensity - The trend intensity of platinum is 0, and the trend intensity of palladium is 0. The trend intensity ranges from -2 to 2, with -2 being the most bearish and 2 being the most bullish [4]

Group 1 - The World Economic Forum 2026 Annual Meeting will be held in Davos, Switzerland from January 19 to 23 [1] - Danish officials have decided not to attend the World Economic Forum due to ongoing disputes related to Greenland, which are impacting transatlantic relations [1][3] - The World Economic Forum confirmed that the Danish government will not send representatives to the event [3] Group 2 - U.S. President Trump announced a 10% tariff on goods imported from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland starting February 1, with plans to increase it to 25% by June 1 unless an agreement is reached regarding the U.S. "complete and total purchase of Greenland" [3] - Eight European countries issued a joint statement condemning the U.S. actions, stating it undermines transatlantic relations and could lead to a dangerous cycle of retaliation [3]

Group 1 - The EU is considering imposing tariffs on US goods worth €93 billion as a countermeasure against US tariffs on eight European countries related to Greenland [1] - The EU's tariff list was prepared last year but was postponed to avoid a full-blown trade war, with a deadline for reconsideration set for February 6 [1] - European officials aim to use these measures as leverage during upcoming negotiations with President Trump at the World Economic Forum in Davos [1] Group 2 - Recent statements from President Trump indicate an increased interest in Greenland, causing concern among European allies [3] - Denmark has initiated the "Arctic Resilience" military exercise around Greenland, with participation from several European countries [3] - French President Macron emphasized Europe's responsibility to protect Greenland, which is considered part of the EU and NATO [3]

Core Viewpoint - The article discusses the escalating tensions between the United States and European countries regarding President Trump's insistence on acquiring Greenland, leading to threats of tariffs against several European nations [1][4]. Group 1: U.S. Government Actions - President Trump has announced a 10% tariff on goods exported to the U.S. from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland, effective February 1, with plans to increase it to 25% by June 1 until a deal for "complete and total purchase" of Greenland is reached [4]. - Trump has expressed strong dissatisfaction with European nations sending troops to Greenland for military exercises, indicating a desire to assert U.S. claims over the territory [1][4]. Group 2: Reactions from U.S. Legislators - Independent Senator Bernie Sanders criticized Trump's approach, stating it jeopardizes U.S. relationships with allies and is irrational [1]. - Democratic Senator Catherine Cortez Masto labeled the tariff threats as absurd and accused Trump of increasing living costs for Americans while failing to address domestic issues [1]. - Members of the House Foreign Affairs Committee expressed concerns that Trump's actions ignore economic burdens on Americans and exacerbate the situation through tariffs [1]. Group 3: Responses from European Leaders - French President Emmanuel Macron condemned Trump's tariff threats as unacceptable and stated that European nations would respond in a united manner to defend their sovereignty [5]. - UK Prime Minister Keir Starmer described the tariff threats as completely wrong and emphasized that Greenland's future should be determined by its people and Denmark [5]. - German government spokesperson Stefan Cornelius noted that Germany is closely consulting with European partners to decide on appropriate responses to Trump's statements [5]. Group 4: Bipartisan Concerns in the U.S. - Co-chairs of the Senate NATO Observer Group, Jeanne Shaheen and Thom Tillis, warned that Trump's approach is detrimental to U.S. interests and relationships with allies, advocating for cooperation with Denmark and Greenland instead of hostile actions [3]. - Republican Senator Lisa Murkowski criticized the tariffs as unnecessary and a serious mistake that could destabilize NATO, benefiting adversaries like Russia [3].