挪威央行投资管理公司(NBIM)管理的挪威主权财富基金上周日表示，已决定就环境实践问题，主动与 矿业巨头力拓(RIO.US)和South32展开对话。作为全球规模最大的主权财富基金，其执行董事会透露， 该决定源于政府任命的独立顾问——伦理委员会提出的撤资建议。 此外，挪威主权财富基金还宣布，取消对德国能源企业莱茵集团(RWE AG)的投资限制，并称赞其向可 再生能源转型的举措。 与此同时，该基金以伦理问题为由，决定抛售墨西哥石油公司(Petroleos Mexicanos)和以色列Paz零售能 源公司(Paz Retail and Energy)的股票。 路孚特(LSEG)数据显示，该基金持有力拓集团(Rio Tinto PLC)约2.5%的股份、力拓有限公司(Rio Tinto Ltd)0.13%的股份，以及South322.6%的股份。 北里约矿业合资项目由嘉能可(Glencore，持股45%)、力拓(持股22%)和South32(持股33%)共同持有。 South32公司发言人在电子邮件中回应："South32注意到挪威主权财富基金基于伦理委员会建议，决定 与我方展开沟通。"该发言人补充道，公司将继续就 ...

文/中国银行研究院高级研究员 赵廷辰 ，中国银行伦敦分行研究员 张传捷 特朗普2.0时代，虽然美国政策转向，但全球绿色低碳发展大趋势仍将延 续。我国在争取全球应对气候变化事业话语权、新能源企业发展、油气资 源进口等方面迎来机遇，我国既应抢未来、坚定支持新能源产业巩固提升 国 际 市 场 地 位 ， 又 应 稳 当下 、 充 分 发挥 煤油 气 作用 稳 能 源 价 格 保 能 源 安 全。金融机构应坚定服务国家绿色发展大局，同时努力保持经营稳健性和 国际竞争力。 特朗普2.0时代全球绿色低碳转型大势仍将推进 特朗普二次上台后，美国绿色低碳政策再次"变脸"。在《联合国气候变化框架公约》下，全球先后形成 《京都议定书》和《巴黎协定》两份具备法律约束力、具有里程碑意义的文件。受两党政治纷争掣肘， 美国绿色低碳政策"三进三出"。 美国金融业倾向于降低绿色标准。2023年来，美国出现反ESG浪潮，ESG基金市场规模萎缩，金融机构 退出绿色合作平台。2024年特朗普二次胜选后该趋势加强，花旗、美国、高盛、富国、摩根大通和摩根 士丹利六大银行相继退出净零银行联盟（简称NZBA），贝莱德退出净零资产管理公司倡议。特别是 20 ...

鉴于各国央行持续买入黄金、地缘政治局势紧张、经济不确定性加剧，以及近期去美元化与美元资产流 走的新趋势，公司对黄金的前景保持乐观。这将为Donlin项目未来几年的最终开发创造有利条件，而建 设及生产进程的推进可望重塑Novagold股份价值。董事认为，此项投资不仅能创造丰厚回报，亦高度契 合公司价值创造的战略重点。 公司专注于天然资源领域的战略投资，强调采矿机会，特别是采矿业。Novagold作为领先的黄金开采企 业，过往曾持有阿拉斯加Donlin Gold项目("Donlin")50%权益。该项目属世界级资源，拥有约3,900万盎 司探明及控制级别黄金资源量，平均品位达2.24克╱吨。 过去数年间，由于合资者Barrick Mining Corporation战略聚焦于铜等其他大型项目，开发进度较为缓 慢。Novagold近期宣布斥资10亿美元收购Barrick所持50%权益，其中Novagold出资2亿美元将持股比例 提升至60%，PaulsonAdvisors("Paulson")以8亿美元收购40%权益。Donlin项目已形成新的股权结构，双 方股东均有意推进项目开发。Novagold及Paulson ...

Group 1 - Argentina's lithium production is expected to increase by 77% year-on-year by 2025, reaching 13.18 million tons of LCE [1]

Group 1 - The Peruvian government has implemented a curfew in the Pataz region due to rising crime, suspending all mining activities for 30 days, which may raise concerns about the stability of copper supply from Peru, the world's third-largest copper producer [1] - Peru's copper production for 2024 is projected at 2.736 million tons, accounting for approximately 10% of global output, indicating the significance of any disruptions in this region [1] - The Pataz region primarily produces gold and silver, with limited copper production, suggesting that the impact on precious metal prices may be relatively minor despite the mining suspension [1] Group 2 - The overall weakness in non-ferrous metals is attributed to two main factors: the impact of the trade war initiated by the Trump administration on the US economy and the significant fluctuations in demand expectations due to tariffs [2] - Domestic copper consumption in China exceeded expectations with an 8% growth in apparent consumption in the first quarter, but a seasonal decline is anticipated post-May, which may weaken the demand-side support for copper prices [2] - Analysts remain cautiously optimistic about copper prices in the medium term, despite potential high-level corrections, as the fundamentals appear strong, and the market is currently experiencing low inventory levels [3]

1. 关税-①据悉印度提议对一定数量的美国汽车零部件和钢铁实行对等零关税 ②知情人士：美国拒绝了 日本提出的全面豁免10%的对等关税的要求 ③白宫称尚未就电影关税做出最终决定 ④特朗普：将在未 来两周内宣布对医药产品的关税措施。 14. 中东-①伊朗外长：如果目的是防止核武器，与美国的协议是可以达成的 ②以色列对也门进行空袭 ③以色列总理：新的加沙行动将会是一次密集的军事行动。将对加沙的人口进行迁移 ④伊朗否认指使 胡塞武装袭击以色列。 1. 国家加大投入支持长远性数据基础设施建设。 2. "五一"假期全国重点零售和餐饮企业销售额同比增长6.3%。 3. 央行行长潘功胜出席并主持东盟与中日韩财长和央行行长会。 4. 港元汇率再触强方兑换保证，香港金管局4日共注资1166.14亿港元。 2. OpenAI放弃转型为营利性公司。 3. 克宫：普京接受莫迪的访印邀请。 4. 刚果（金）政府与反政府武装开启新一轮对话。 5. 苹果准备分四部分发行公司美元债，规模未公布。 6. 美国提供1000美元津贴鼓励移民自愿离境 比强制驱逐"划算"。 7. 德国基民盟、基社盟和社民党签署联合协议，候任总理默茨誓言"改革德国"。 ...

Group 1: Trade Negotiations - The U.S. has refused to grant Japan a full exemption from "reciprocal tariffs" during recent trade negotiations, with only a consideration to lower specific tariffs by 14% [1][3] - India has proposed zero tariffs on certain quantities of steel, auto parts, and pharmaceuticals in trade talks with the U.S., aiming to expedite a bilateral trade agreement expected to be reached by fall [1][3] Group 2: Economic Data - The ISM reported that the U.S. services PMI for April was 51.6, indicating a return to expansion and significantly above the expected 50.2, following a previous value of 50.8 [5][6] - In April, 11 industries reported growth, with hospitality, wholesale trade, mining, and real estate performing the best, while 6 industries contracted [6] Group 3: Market Reactions - Following the positive services data, U.S. stock indices narrowed their losses, with the Dow Jones Industrial Average rising by 0.14% and the Nasdaq's decline reducing to 0.45% [8][9] - U.S. Treasury yields increased, with the 10-year yield rising close to 4.35% and the 2-year yield reaching a daily high of 3.8467% [9][10] Group 4: Inflation and Employment Indicators - The services employment index for April was recorded at 49, indicating a slowdown in employment but an improvement from the previous value of 46.2 [7] - The services price index reached 65.1, significantly above the expected 61.4, indicating rising inflationary pressures due to tariffs [6][7]

Group 1 - The overall industrial economy in the province is showing a rapid recovery, with a total industrial added value growth rate of 5.3% in the first quarter, an increase of 7.1 percentage points compared to the previous year [1] - The growth rate of industrial added value for large-scale industries reached 6.1%, exceeding the initial target by 2.6 percentage points [1] - In March, the output value of key emerging industries grew by 10.3% year-on-year, surpassing the overall industrial growth rate of 8.1% [1] Group 2 - Industrial fixed asset investment growth reached 14.4%, 2.4 percentage points higher than the national average, with manufacturing investment growth at 17.5%, exceeding the national level by 8.4 percentage points [1] - Industrial technological transformation investment growth was notably high at 57.9%, ranking fifth in the country, while manufacturing technological transformation investment growth reached 61.9% [1] - The mining industry added value growth rate was 6.3%, slightly above the national average, while the manufacturing industry growth was 6.2%, and the electricity, heat, gas, and water supply industry growth was 5.4%, exceeding the national average by 3.5 percentage points [1] Group 3 - Among the top ten industries, the equipment industry led with an 18.9% growth rate, 8 percentage points higher than the national average, while the energy industry grew by 5.9% [2] - The coal mining and washing industry saw a significant increase in added value growth of 10.1%, while the food industry grew by 5.2%, the petrochemical industry by 2.2%, the metallurgy industry by 5.4%, and the building materials industry by a remarkable 31.5% [2] - The provincial government aims to focus on stabilizing industrial growth, transforming methods, adjusting structures, improving quality, and increasing efficiency to achieve effective qualitative and reasonable quantitative growth in the industrial economy [2]

Group 1 - Ghana announced a ban on foreign access to its gold market in April 2025, highlighting a severe water crisis despite its vast gold resources [1][3] - The country, which produces 130 tons of gold annually, faces a paradox of wealth and poverty, with a GDP per capita of only $2,500 and 40% of children suffering from chronic diarrhea due to contaminated water [3][8] - Illegal mining has led to a significant drop in groundwater levels, exacerbating the water crisis in a country with an annual rainfall of 2,000 mm [5][6] Group 2 - Chinese engineering teams have successfully drilled 1,000 wells in 832 villages, providing daily water supply of 200,000 cubic meters, benefiting approximately 500,000 people [6][8] - Chinese investments in infrastructure, such as the construction of a power plant supplying 15% of Ghana's electricity, have created 36,000 jobs and improved water access [8][9] - Ghana's external debt stands at $55 billion, accounting for 80% of its GDP, with a 60% currency depreciation and a 50% inflation rate in 2025 [8][9] Group 3 - Illegal mining has destroyed 4,726 hectares of land, leading to severe mercury pollution in local rivers, with projections indicating Ghana may need to import freshwater by 2030 [9][11] - In response to environmental challenges, Chinese companies are initiating green projects, including a 200 MW solar power plant expected to reduce CO2 emissions by 240,000 tons annually [11][13] - The Ghanaian government is shifting towards a "gold for technology" model, focusing on local capacity building and technology transfer, with over 400 local engineers trained [11][14] Group 4 - The mining sector is dominated by oligarchs who control 70% of gold revenues, complicating efforts to combat illegal mining and corruption [13][14] - The historical context of colonial exploitation continues to impact Ghana's economic structure, with a need for systemic change to ensure equitable resource distribution [3][14]

Economic Overview - In the first quarter of 2025, Jiangmen's GDP reached 91.723 billion yuan, with a year-on-year growth of 2.8% [2][6] - Jiangmen's GDP growth rate is lower than the provincial average of 4.1% [2] Sector Performance - The primary industry added value was 5.238 billion yuan, growing by 0.1% [2] - The secondary industry added value was 37.980 billion yuan, with a growth of 2.7% [2] - The tertiary industry added value was 48.505 billion yuan, showing a growth of 3.3% [2] Trade Performance - Jiangmen's total import and export volume in the first quarter was 47.15 billion yuan, with a growth rate of 10.1% [4] - The export volume was 40.44 billion yuan, increasing by 13.2% [4] County-Level GDP - Xinhui led the city with a GDP of 22.834 billion yuan, while Heshan showed the highest growth rate at 4% [5][7] - Other counties ranked by GDP include Pengjiang (21.361 billion yuan), Taishan (11.815 billion yuan), and Kaiping (10.978 billion yuan) [5][7] Industrial Growth - The total output value of agriculture, forestry, animal husbandry, and fishery was 13.891 billion yuan, with a growth of 0.9% [8] - The industrial added value for large-scale enterprises grew by 3.4%, with manufacturing increasing by 4.7% [8] Investment Trends - Fixed asset investment in Jiangmen decreased by 21.7% year-on-year [9] - The decline in investment was observed across all sectors, with the primary industry down by 36% and the secondary industry down by 26.1% [9] Consumer Spending - The total retail sales of social consumer goods reached 30.796 billion yuan, growing by 1.8% [10] - Urban retail sales grew by 1.7%, while rural retail sales increased by 2.1% [10]