此次谈判重启正值全球矿业巨头为争夺铜资源而展开激烈角逐之际。随着铜价本周创下每吨13300美元以上的历 史新高，以及分析师警告2040年市场缺口可能达到1000万吨，矿企面临巨大的扩产压力。此前，Anglo American 与加拿大Teck Resources的合并已给必和必拓（BHP）和力拓等竞争对手带来了扩大规模的紧迫感。 根据FactSet的数据，力拓目前的市值约为1453.2亿美元，而嘉能可的市值约为674.4亿美元。这一潜在交易反映 了矿业高管思维的重大转变：在经历了十多年前因高价收购资产而导致的痛苦去杠杆周期后，行业正从关注股 息回报重新转向通过大规模并购来确立市场主导地位。 铜矿争夺战重塑行业格局 此次合并的核心逻辑在于对铜资源的极度渴求。铜作为国防、汽车制造、半导体芯片以及支持人工智能和云计 算的数据中心所必需的关键金属，其战略地位日益凸显。 据分析，由于新建矿山通常面临许可障碍、成本超支以及长达数年的建设周期，通过并购来增加产量已成为矿 企更快捷的选择。嘉能可首席执行官Gary Nagle此前已将公司重新定位为一家铜增长公司，并宣称要成为"世界 上最大的铜生产商"。 在铜价飙升与资源争夺战 ...

根据拉加经委会此前发布的预测，2025年拉美和加勒比地区经济将增长2.4%，2026年将增长2.3%。 （文章来源：新华社） 对此，拉加经委会建议该地区国家减少对美国贸易依赖，深化与中国、欧盟、印度、东盟等贸易伙伴的 关系，加强区域内基础设施、贸易便利化、监管趋同等领域协作。 报告预计，该地区2025年货物出口额将增长5%。墨西哥、阿根廷和巴西今年出口表现较为突出，带动 地区出口额增长。出口市场方面，预计对中国出口增幅最大，将达到7%，主要得益于肉类、大豆出口 量增加以及铜等矿产品价格上涨。预计地区服务出口额今年将增长8%。 新华财经圣地亚哥11月20日电 联合国拉丁美洲和加勒比经济委员会（拉加经委会）19日在智利首都圣 地亚哥发布的《2025拉美和加勒比地区国际贸易展望》报告指出，美国高关税政策为全球贸易带来不确 定性，显著削弱拉美和加勒比地区国家吸引外国直接投资的能力。 报告说，2025年上半年，拉美和加勒比地区新公布的外资项目总额仅为313.74亿美元，同比大幅下降 53%，比2015年至2024年的平均水平低37%。主要面向美国市场的出口导向型产业受影响最为严重，其 中汽车、汽车零部件、消费品、金属与 ...

Core Viewpoint - The policy changes under Trump's second term have significantly impacted the global economic system, particularly in the energy sector, which is heavily influenced by tariffs and trade policies [1][3]. Group 1: Energy Transition Impact - The global energy system has reached a consensus on low-carbon and digital transformation, but Trump's "America First" policies contradict this trend, creating challenges and uncertainties for energy transition [3][6]. - Short-term impacts of Trump's tariffs are felt in the energy supply chain and project investment costs, while long-term effects include diminished investment confidence and increased energy costs for consumers [6][9]. - The CEO Outlook survey indicates that 77% of CEOs in the metals and minerals sector have paused or terminated investment plans due to tariff impacts, reflecting concerns over global trade dynamics [6][8]. Group 2: Sector-Specific Analysis - In the metals and minerals sector, 30% of CEOs are adjusting business areas and negotiating with suppliers, indicating a strategic response to the changing trade environment [6]. - The renewable energy sector, particularly in the U.S., faces challenges from tariffs targeting Chinese solar and wind equipment, with a potential 17% increase in the levelized cost of energy (LCOE) for storage systems if tariffs rise by 50% [7]. - The oil and gas sector is experiencing a cautious approach to renewable investments, with 77% of CEOs adjusting strategies in response to tariff pressures and declining demand [9]. Group 3: Strategic Responses - Companies are revising strategic plans, with 70% of CEOs taking action to adapt to the new tariff landscape, including pausing investments and reassessing market entry and exit strategies [8][9]. - The need for a global market and supply chain risk assessment system is emphasized, focusing on monitoring international market reactions beyond U.S.-China dynamics [11]. - Companies are encouraged to diversify their market strategies and enhance technological innovation to mitigate risks associated with tariffs and geopolitical tensions [14][15].