世界经济论坛8日发布的《2026年全球合作晴雨表》显示，全球贸易与技术合作都更趋向在立场相近的 国家间展开，和平与安全合作则出现了最显著的下滑。 《全球合作晴雨表》采用41项指标评估五大支柱贸易与资本、创新与技术、气候与自然资本、卫生与健 康、和平与安全的全球合作状况。 2026年晴雨表显示，全球总体合作水平近年基本保持稳定，但内在结构却不断演变。随着多边合作渠道 式微，创新性、小规模协作机制在区域内及跨区域层面日益兴起。当全球重点议题与国家利益相契合 时，相关领域便展现出最强的发展动力，例如气候与自然资本、创新与技术等支柱的合作相对强劲。卫 生与健康、贸易与资本等支柱的表现保持平稳，和平与安全支柱则出现了最显著下滑。 气候与自然资本领域，合作取得进展，但仍未达全球预期目标。在融资扩大与全球供应链协同推动下， 2025年的清洁技术部署创下历史新高。中国在太阳能、风能与电动汽车领域贡献了全球三分之二的新增 产能，其他发展中经济体也在加速跟进。随着多边气候谈判日益艰难，欧盟、东盟等区域联盟正将脱碳 进程与能源安全目标深度结合。 卫生与健康领域，合作维持稳定，成果亦展现出韧性，但全球卫生援助体系面临巨大压力。卫生健 ...

2025 年 12 月 03 日 安路科技(688107.SH) 3Q25 收入实现环比增长，新兴领域持 续布局有望带来增量 高性能计算需求不断增长，FPGA 市场规模有望持续扩大 据 MarketsandMarkets 数据，受益于数据中心、电信和汽车应用领域 对可定制化和高性能计算日益增长的需求，以及人工智能加速、5G 基 础设施和边缘计算系统等领域对 FPGA 的日益普及，FPGA 市场有望迎 来持续性增长，预计将从 2025 年的 117.3 亿美元增长到 2030 年的 193.4 亿美元，2025 年至 2030 年的复合年增长率为 10.5%。公司在 FPGA 领域产品矩阵多元，覆盖诸多领域，有望深度受益于行业需求 扩大。 3Q25 收入环比增长，研发投入维持较高水平 1）收入端：2025 年 Q1-Q3 公司实现营业收入 3.68 亿元，同比减少 25.79%。主要系部分终端客户需求阶段性波动，导致营业收入同比减 少，但随着部分终端客户需求逐步复苏、且新产品逐步放量，3Q25 营 业收入环比+11.42%，达到 1.45 亿元。 1）汽车电子：公司已构建"芯片—方案—终端"完整技术链，FPGA ...

Core Viewpoint - The global tellurium copper alloy market is projected to reach USD 1.92 billion by 2031, with a compound annual growth rate (CAGR) of 10.8% in the coming years [2]. Group 1: Product Overview - Tellurium copper, classified under ASTM standard C14500, is a high-conductivity, easy-to-machine copper alloy developed in the 1960s, filling a gap in precision machining materials [1]. - The alloy exhibits excellent cutting performance, thermal and electrical conductivity, corrosion resistance, and can be processed into various forms including sheets, rods, wires, and pipes [1]. Group 2: Market Size and Segmentation - The primary product type in the tellurium copper market is rods, accounting for approximately 73.2% of the market share, due to their machinability and structural integrity [8]. - In terms of application, the electrical and electronics sector is the largest demand source, representing about 41.0% of the market, driven by the need for high-conductivity precision components [11]. Group 3: Market Drivers - The growing demand for precision machining is a key driver, as tellurium enhances machinability, making it attractive for producing complex electrical contact parts [15]. - The expansion of the electrical and electronics industry, alongside the automotive and renewable energy sectors, is increasing the demand for high-performance copper alloys [15]. Group 4: Challenges and Competition - Tellurium supply is limited and subject to price fluctuations, creating cost uncertainties for manufacturers and end-users [17]. - Competition from alternative materials, such as brass and oxygen-free copper, may restrict market share in cost-sensitive segments [17]. - Processing and manufacturing limitations exist, as precise control is required during heat treatment and welding, raising technical barriers for smaller manufacturers [17]. Group 5: Industry Opportunities - The rapid expansion of 5G infrastructure and high-frequency electronic devices is driving strong demand for high-conductivity, easy-to-machine copper alloys [18]. - The global adoption of electric vehicles is expected to sustain growth in demand for reliable terminals, connectors, and busbars made from tellurium copper [18].