国家出口管制工作协调机制办公室部署开展打击战略矿产走私出口专项行动。 据商务部网站消息，为深入贯彻党中央、国务院决策部署，2025年5月9日，国家出口管制工作协调机制办 公室组织商务部、公安部、国家安全部、海关总署、最高人民法院、最高人民检察院、国家邮政局等部门 在广东省深圳市召开打击战略矿产走私出口专项行动现场会，部署各项具体工作。 会议指出，加强战略矿产资源出口管制事关国家安全和发展利益。国家对镓、锗、锑、钨、中重稀土等战 略矿产实施出口管制以来，部分境外实体与境内不法人员相互勾结，不断翻新走私出口手法，试图逃避打 击。为避免战略矿产非法外流、遏制走私势头、切实维护国家安全，同时促进合规贸易、保障产供链稳 定，打击战略矿产走私出口成为当前迫切且重要的工作任务。 会议强调，各部门要聚焦战略矿产领域，加强源头管控，形成打击合力，针对伪报瞒报、夹藏走私、"第 三国"转口等典型规避手法，重点打击战略矿产走私出口。要坚持法治思维，完善行刑衔接，依法加快办 理并公布一批违法出口案件，深挖幕后非法实体和走私网络，坚决打深打透，对不法分子形成有力震慑。 会议要求，各部门要加强执法司法力量配备和能力建设，切实提升办案水平和 ...

Market Overview - The spot prices for manganese silicon in major production areas have decreased, with Inner Mongolia at 5550 CNY/ton (-100), Guangxi at 5550 CNY/ton (-100), Ningxia at 5450 CNY/ton (-100), and Guizhou at 5500 CNY/ton (-100) [1] - On May 7, the manganese silicon futures contract closed at 5598 CNY/ton, up 0.68% (+38) from the previous day, with a decrease in main contract positions by 10,238 lots [1] Cost Analysis - The production cost in Inner Mongolia is 5750 CNY/ton (-11.1), while Guangxi's production cost is 6368 CNY/ton, with Inner Mongolia reporting a production profit of -200 CNY/ton (-89) [2] Manganese Ore Supply - NMT announced the shipping price for manganese ore to China for May 2025, with Mn35.5% South African semi-carbonate at 3.75 USD/ton, and Mn36.5% at 4.3 USD/ton [3] - The total global shipment of South African manganese ore is 458,600 tons, down 31.47% week-on-week, while Australian shipments increased by 13,689.65% to 105,200 tons [3] - The inventory of manganese ore at major Chinese ports is 4.055 million tons, up 328,000 tons week-on-week, with Tianjin port holding 3.199 million tons [4] Demand Insights - The weekly demand for manganese silicon from five major steel types is 128,211 tons, up 1.15% week-on-week, with daily pig iron production at 2.4542 million tons [5] - The steel mills' profit rate is reported at 56.28%, down 1.3 percentage points week-on-week [5] Industry Outlook - The manganese silicon main contract is experiencing fluctuations, with steel mills increasing procurement frequency but maintaining a strong price negotiation stance [6] - The production of manganese silicon is expected to continue to decrease, with some manufacturers in Ningxia facing deeper losses and reduced production enthusiasm [6] - The overall supply-demand balance for manganese silicon remains limited, with potential price weakness anticipated in the near term due to insufficient cost support [6]

Group 1: Rare Earth Elements - Rare earth elements are highly valued non-renewable mineral resources in China, crucial for various industrial applications, especially in metallurgy and manufacturing [1] - China remains the largest country in terms of rare earth reserves and also leads the world in export volume [1] - Due to decades of continuous exports, China's rare earth reserves are depleting, prompting the government to implement policies to strengthen management and monitoring of rare earth exports [1] Group 2: Antimony Mining - Antimony is a hard metal with a high luster, historically used since ancient Egypt, and recognized for its strong corrosion and oxidation resistance [4] - The unique properties of antimony, such as thermal expansion and hardness adjustment, have led to its widespread application in military and industrial developments, including rockets and alloys [6] - Global consumption of antimony ore is approximately 130,000 tons annually, while current global reserves are just over 1 million tons, indicating a potential depletion risk in the coming years [6] Group 3: China's Antimony Resource Management - China is the country with the largest antimony reserves and export volume, and has begun to restrict antimony ore exports to protect this valuable resource [6][8] - The reduction in exports is not aimed at any specific country but is a necessary measure for resource protection, with significant cuts initiated in 2020 [8] - The U.S. has historically relied on imports for antimony, having ceased domestic mining two decades ago, and is now facing challenges due to China's export restrictions [8]

| 项目 | 中国大宗商品 | 能源价格 | 化工价格 | 黑色价格 | 有色价格 | 矿产价格 农产品价格 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 价格指数 | 指数 | 指数 | 指数 | 指数 | 指数 | 指数 | | 单位 | 点 | 点 | हु | 点 | 点 | 点 | 点 | | 25.04 | 109.9 | 98.4 | 102.4 | 79.3 | 126.5 | 77.2 | 97.7 | | 25.03 | 113. 4 | 100. 1 | 108. 5 | 80. 3 | 131. 4 | 77.9 | 97. 3 | | 月涨跌 | -3.5 | -1.7 | -6.1 | -1.0 | -4.9 | -0.6 | 0.4 | | 月环比 | -3. 1% | -1. 7% | -5. 7% | -1. 3% | -3. 7% | -0. 8% | 0. 4% | | 24.04 | 115.4 | 112.8 | 116.8 | 86.8 | 128.2 | 83.1 | 98.8 | | 年同比 ...

Core Insights - The Democratic Republic of the Congo (DRC) holds approximately 70% of the world's cobalt reserves, along with significant untapped copper and lithium resources [1][3] - A recent agreement between the DRC and Rwanda aims to promote peace in the eastern DRC and the Great Lakes region of Africa, with the U.S. facilitating a bilateral mineral cooperation agreement [1][3] - The DRC government has expressed a desire for mineral cooperation with the U.S. in exchange for security support against rebel groups [1][3] Mineral Cooperation - The DRC's President Tshisekedi proposed to the U.S. that if they assist in defeating the M23 rebel group, the DRC would provide key minerals such as cobalt, lithium, and tantalum [3] - Initial discussions regarding mineral development and security cooperation between the DRC and the U.S. have already begun [3] - The DRC is recognized as a "treasure trove" of resources, with its mineral, forest, and water resources ranking among the highest globally [3] Economic and Political Context - Despite its rich natural resources, the DRC is one of the least developed countries, facing challenges in public services, infrastructure, and healthcare, which hinder mineral development [4] - The ongoing conflict in eastern DRC, particularly in North and South Kivu provinces, is fueled by competition for valuable resources like gold, tin, and tantalum [5] - Rebel groups, including the M23, control significant mining areas and profit from illegal mining and smuggling, with estimates suggesting the M23 earns at least $300,000 monthly from mining operations [5] U.S. Involvement and Strategic Interests - The DRC has accused Rwanda of supporting the M23, leading to diplomatic tensions [5] - Analysts suggest that the U.S. is primarily interested in the mineral resources of the DRC, with concerns that the DRC government may trade mineral access for security [5][6] - A leaked U.S. State Department proposal indicated a potential reduction in U.S. diplomatic presence in Africa, focusing instead on securing access to critical natural resources [6]

Core Points - The U.S. and Ukraine have reached an agreement on a mineral resources deal, allowing the U.S. to have preferential rights in developing Ukraine's natural resources, including aluminum, graphite, oil, and natural gas [1] - The agreement was signed after a series of negotiations and pressures from the U.S., particularly from Trump, who had previously threatened Ukraine with high demands [1][19] Agreement Details - The agreement establishes a Ukraine Reconstruction Investment Fund, with a 50:50 ownership structure between the U.S. and Ukraine, to be jointly managed [4][7] - Ukraine retains ownership and control over its mineral resources, with the government having the authority to decide on resource extraction locations [5][7] - The fund's profits will be reinvested in new projects or reconstruction efforts in Ukraine for the first ten years, with no distribution of profits during this period [5][10] - The agreement does not mention any debt obligations of Ukraine to the U.S., which was a significant point of contention in earlier negotiations [6][9] - The fund will be financed entirely by new license revenues from key materials and oil and gas projects, with existing project revenues excluded [10] - The agreement aligns with Ukraine's constitutional and European integration processes, signaling reliability for long-term cooperation with global partners [9][10] Negotiation Background - The negotiations faced multiple challenges, including disagreements over the initial terms and additional U.S. demands that complicated the discussions [15][20] - Trump's strong negotiating stance and Ukraine's cautious approach were evident throughout the process, leading to a perception that Ukraine had limited negotiating power [16][23] - The final agreement was reached after a brief meeting between Trump and Zelensky, which was described as potentially historic by Zelensky [17][18]

美乌矿产协议草案：乌克兰同意给予美国或其指定方自然资源新投资机会的优先权，以及颁发自然资源 许可证和执照的优先权。 ...

Core Viewpoint - The Hubei Xianning government is focusing on enhancing its fiscal capacity to support the development of the Wuhan metropolitan area as a key growth engine for green development [1][3]. Fiscal Performance - In 2024, Xianning's general public budget revenue reached 11.568 billion yuan, with a year-on-year growth of 12.1%, outperforming the provincial average by 6.7 percentage points [3]. - The city maintained a strong focus on social welfare, with over 78% of expenditures allocated to people's livelihood [3]. Revenue Generation Strategies - The fiscal department aims for a 7% growth in general public budget revenue, employing various strategies to expand revenue sources [4]. - Initiatives include establishing incentive mechanisms, promoting tax policies to support key industries, and enhancing investment attraction [4]. - The department is also focusing on revitalizing idle assets, including 46,000 acres of undeveloped land and old factories [4]. Policy Support for Development - The fiscal department is leveraging long-term special bonds and local government bonds to support five major initiatives [5]. - A total of 3.633 billion yuan is allocated for industrial chain investment, while 2.285 billion yuan is designated for technological innovation and industry integration [5]. - Government investment of 5.783 billion yuan is directed towards key projects, aiming to stimulate social capital participation [5]. Social Welfare and Expenditure Structure - The fiscal department is optimizing its expenditure structure to enhance public satisfaction, implementing policies for direct fund allocation [7]. - The department plans to reduce general expenditures by 10% and redirect those funds to education, healthcare, and elderly care [7]. Reform and Mechanism Enhancement - Xianning is advancing fiscal reforms to create a comprehensive fiscal system, targeting over 1 trillion yuan in total assets by 2025 [8]. - The establishment of a 3 billion yuan regional mother fund aims to attract projects in various sectors, including culture and tourism [8]. - The city is also reforming its fiscal system at the district level and incentivizing green industry development in rural areas [8].

中矿资源（002738）公告，2024年营业收入53.64亿元，同比下降10.80%。归属于上市公司股东的净利 润7.57亿元，同比下降65.72%。基本每股收益1.05元/股，同比下降66.68%。公司拟向全体股东每10股派 发现金红利5元(含税)，送红股0股(含税)，不以公积金转增股本。 ...

万斯首次出访印度，释放何种信号？ 美国副总统万斯周一抵达印度，开启为期四天的国事访问。今日，万斯就美国新政府时期的印美关系框架 发表讲话。他表示，印度与美国政府正全力推进贸易协定谈判，印度与美国已达成贸易协议的合作框架。 美国希望印度增加军事装备的采购。 印度媒体评论称，此访是印美关系的初步考验。美国总统特朗普此前称印度为"关税滥用者"和"关税之 王"，但又想确保美国在亚洲的经济和战略影响力。就在万斯抵印当天，全印度农民协会呼吁全国抗议， 反对印美间的一项贸易协议。 另据最新消息，有行业高管、游说人士和美国政府官员透露，白宫正在要求印度允许亚马逊和沃尔玛等零 售巨头全面进入印度的电子商务市场。 据《环球时报》报道，当地时间21日晚间，印度总理莫迪在首都新德里与到访的万斯就敲定双边贸易协 定、深化战略和经济关系举行会谈。 《今日印度》报道称，万斯一行21日上午抵达新德里，开启对印度为期4天的首次官方访问。22日，万斯 访问拉贾斯坦邦首府斋浦尔，并就美国新政府时期的印美关系框架发表讲话。 万斯表示，印度与美国政府正全力推进贸易协定谈判，印度与美国已达成贸易协议的合作框架。印度与美 国将共同研发多种军事装备。 万斯 ...