这位美国总统可以否决关闭、闲置或出售美国钢铁工厂的决定，还能阻止其更名、将总部迁出匹兹堡或 把公司迁至美国境外。2025年6月，美国钢铁公司成为新日铁子公司后，在纽约证券交易所停牌。 过去一年，特朗普政府进行了前所未有的股权投资，并获得了至少10家公司的其他股份。 这些企业大多是关键矿产公司，白宫正制定战略，直接支持矿业公司打造本土供应链。但投资也涵盖芯 片制造商，可能还有一家核反应堆公司。就美国钢铁公司而言，政府获得了治理股权，而非直接经济权 益。 卡托研究所（Cato Institute）贸易律师兼研究员斯科特・林奇科姆（Scott Lincicome）表示，在非战争或 非经济危机时期，如此规模的投资数量极为罕见。而且政府的投资组合可能还会继续扩大。美国商务部 长霍华德・卢特尼克（Howard Lutnick）去年8月对CNBC透露，政府可能会入股洛克希德・马丁等主要 国防供应商。 曾在拜登政府担任国际经济高级主任的彼得・哈雷尔（Peter Harrell）称，过去美国仅在企业纾困时才 会临时持有企业股份。哈雷尔说："对于这些公司，投资逻辑截然不同，政府相当于扮演战略投资者的 角色，向企业注入资金，使企业 ...

十年稀土战略合作突生国际纠纷，中国稀土企业的海外投资权益遭遇挑战。 来源：每日经济新闻 2月2日晚间，盛和资源（SH600392）公告称，澳大利亚ETM公司（Energy Transition Minerals Ltd）单 方面宣告双方2016年约定的反稀释权失效，理由是双方战略合作关系已实质终止。 《每日经济新闻》记者查询盛和资源2016年公告发现，格陵兰公司主要业务是矿产资源的勘探和开采， 通过全资子公司拥有的位于格陵兰岛南部的科瓦内湾项目，当时已完成可行性研究报告、社会与环境影 ETM公司的说法遭到盛和资源明确否认，下一步，公司将积极与ETM公司保持沟通交流，采取法律手 段全力维护自身合法权益。 2月2日晚间，盛和资源公告了海外投资的一件事，这要从2016年的一笔股份认购说起。 当年9月，盛和资源披露，公司以及控股子公司乐山盛和稀土股份有限公司（以下简称乐山盛和）与格 陵兰矿物能源有限公司（以下简称格陵兰公司）签署《格陵兰矿物能源有限公司和乐山盛和稀土股份有 限公司以及盛和资源控股股份有限公司股份认购协议》(以下简称股份认购协议)，协议约定乐山盛和认 购格陵兰公司增发的1.25亿股普通股，每股价格0.0 ...

Core Viewpoint - The Trump administration is abandoning plans to provide minimum price guarantees for critical mineral projects in the U.S., acknowledging insufficient congressional funding and the complexities of market pricing [1][2]. Group 1: Government Policy Changes - The U.S. Senate committee is reviewing the price floor previously granted to MP Materials, indicating a shift away from prior commitments to the industry [1]. - Senior officials from the Trump administration informed mining executives that their projects must demonstrate financial independence without government price support [1][2]. - The U.S. Department of Energy stated that it is not in a position to support price floors, contradicting earlier assurances [2][3]. Group 2: Market Reactions - Following the news, Australian rare earth stocks, including Lynas Rare Earths, experienced significant declines, with shares dropping over 10% [2]. - Analysts suggest that the sell-off in rare earth stocks may be overdone, as the U.S. is still committed to supporting the establishment of a critical mineral supply chain outside of China [3]. Group 3: Future Implications - The abandonment of price floors does not eliminate the possibility of other supportive measures, such as stockpiling, equity investments, and localization requirements [5]. - Concerns have been raised regarding the lack of congressional authorization for price guarantees, which may hinder future government support for mineral projects [6].

来源：@中国经营报微博 #美稀土公司涨24%#【美政府斥巨资入股稀土公司】据路透社报道，两名知情人士透露，特朗普政府将 收购美国稀土公司（USA Rare Earth）的10%股权，作为总规模16亿美元的债务和股权一揽子投资计划 的一部分，以支持该公司开发国内稀土矿及磁铁生产基地。据介绍，美国稀土公司与得克萨斯矿产公司 正共同开发位于美国得克萨斯州的稀土矿山项目，预计2028年投产，其在俄克拉何马州的磁铁制造工厂 也计划于今年晚些时候启动。目前，白宫未就此投资回应路透社，美国稀土公司也拒绝发表评论。1月 26日，美股小幅高开，道琼斯指数涨0.19%，标普500指数涨0.17%，纳斯达克综合指数涨0.28%。美国 稀土公司涨24%。（中新网） #美稀土公司涨24%#【美政府斥巨资入股稀土公司】据路透社报道，两名知情人士透露，特朗普政府将 收购美国稀土公司（USA Rare Earth）的10%股权，作为总规模16亿美元的债务和股权一揽子投资计划 的一部分，以支持该公司开发国内稀土矿及磁铁生产基地。据介绍，美国稀土公司与得克萨斯矿产公司 正共同开发位于美国得克萨斯州的稀土矿山项目，预计2028年投产，其在俄克拉何 ...

中证智能财讯中稀有色（600259）1月27日晚间披露2025年度业绩预告，预计2025年归母净利润1亿元至1.3亿元，上年同期亏损2.99亿元；扣非净利润预计 1.3亿元至1.6亿元，上年同期亏损3.12亿元。以1月27日收盘价计算，中稀有色目前市盈率（TTM）约为207.68倍-269.99倍，市净率（LF）约7.73倍，市销率 （TTM）约3.18倍。 以本次披露业绩预告均值计算，公司近年市盈率（TTM）图如下所示： 近年来市盈率变化情况 (倍) 2,500 2337.6 2000 1,500 1,000 500 TT 8 SE 101,36 0 77668 64-0 -500 2020-12-37 2021-06-30 2021-12-37 r 市净率(LF)历史分位(%) 100 ହ୍ର ୨୦ 80 70 60 61027 50 48.4 42852 40 39x23 30 25.8 20 20.73 18:09 10 0 2020-12-37 1 2021-06-30 2021-12-37 <- 12-37 . 2n- 公司 -○- 行业均值 制图数据来自恒生聚源数据库 -○- 公司 -○- 行业 ...

值得注意的是，以美国稀土公司当前24.77美元的股价计算，美国政府所持股权及认股权证的隐含收益已达4.9亿美元，入股价格较市价折让约30.7%。与 此同时，该公司宣布已与Inflection Point及其他基本面投资者、战略投资者签署证券认购协议，完成15亿美元私募股权融资(以每股21.50美元的价格发行 6980万股)。该私募股权融资与拟议美国政府资金及贷款相结合，将为公司带来总计31亿美元的资金支持。 公私联动的融资模式将推动公司整体估值向160亿美元迈进，远超其当前37亿美元的二级市场市值。 当地时间1月26日，美国稀土公司(股票代码：USAR.O)宣布获得特朗普政府约16亿美元的投资，公司股价开盘大幅上涨28%。 根据公司发布的公告，引爆资本市场对关键矿产领域的关注。此次股价异动的核心推手为美国商务部宣布对该公司进行总额达16亿美元的战略投资，其中 包含股权收购与债务融资，这也是美国政府迄今在稀土领域规模最大的单笔投资。 据官方披露及知情人士透露，本次投资方案包含两大核心部分：一是美国政府以每股17.17美元的价格，出资2.77亿美元收购美国稀土公司1610万股普通股 及1760万股认股权证，交易完 ...

Group 1 - The core viewpoint of the article highlights the successful completion of China's mineral exploration goals during the "14th Five-Year Plan" period, marking significant advancements in mineral resource discovery [1][2] - The Ministry of Natural Resources reported the discovery of 10 large oil fields and 19 large gas fields, along with substantial increases in uranium, copper, gold, lithium, and potassium salt resources [2] - Notably, the Dadonggou gold mine in Liaoning Province has been identified as the first thousand-ton low-grade super-large gold deposit in China, with a confirmed gold reserve of 1,444.49 tons, making it the largest single gold deposit discovered since the founding of New China [2] Group 2 - The Ministry of Natural Resources plans to continue a new round of strategic mineral exploration actions by 2026, focusing on enhancing basic geological surveys and improving support policies for mineral exploration breakthroughs [2] - The ministry will promote green exploration and the construction of green mines, while also implementing strict measures against illegal mining of strategic mineral resources [2] - During the "15th Five-Year Plan" period, the ministry aims to improve the coordination and connection of exploration, production, supply, storage, and sales of strategic mineral resources, as well as enhance safety risk monitoring and early warning systems [2]

Group 1: Oil Market Impact - The military action against Venezuela has led to a complete halt in oil exports, with key ports like Jose port ceasing operations, affecting the country's oil supply chain [2][3] - Venezuela's current oil production is less than 1 million barrels per day, accounting for only 0.8% of global production, and its export volume is approximately 600,000 barrels per day, significantly lower than historical peaks [3] - Analysts predict that Brent crude oil prices may only rise by $1 to $2 per barrel in the short term due to the current oversupply in the global oil market [3][4] Group 2: Long-term Oil Production Outlook - If a new government in Venezuela can lift sanctions and attract foreign investment, oil exports could potentially increase to around 3 million barrels per day, which would negatively impact global oil prices [5] - The shift in Venezuela's oil export focus from China to the U.S. and its allies could reshape the global oil market dynamics, especially as the U.S. plans to invest billions in rebuilding Venezuela's energy sector [3][7] Group 3: Mineral Supply Impact - Venezuela possesses significant mineral resources, including copper and rare earths, but its global supply impact is limited, with iron ore production expected to be only 2.653 million tons in 2024, representing 0.1% of global output [8] - The political instability has led to a suspension of Chinese investments in local mining projects, but the overall risk to global supply chains remains low due to Venezuela's small market share [8][9] Group 4: Currency Settlement Implications - The recent developments pose a direct threat to the use of the Chinese yuan in cross-border settlements with Venezuela, where over 60% of oil trade was conducted in yuan [10] - China's investments in Venezuela, exceeding $60 billion over the past decade, may face devaluation risks due to the disruption in trade and potential regime change [10] - The situation may accelerate the global de-dollarization process, as the U.S. military intervention raises concerns about the safety of dollar-denominated transactions [10]

稀土科学技术奖 近日，中国稀土（000831）学会2025学术年会暨稀土新材料与仪器设备展览会在厦门开幕。山东省地矿局五队申报的"基于岩浆 型稀土找矿技术体系构建与鲁西特大型矿床勘探"项目，荣获2024年度"稀土科学技术奖"二等奖。 中国稀土学会 中国稀土行业协会 2025年1月14日 该项目依托院士工作站，通过战略矿产找矿团队持续创新研究，建立了稀土矿新找矿理论，在郗山稀土矿成矿机理、成矿规 律、成矿预测等方面取得重要成果，实现郗山稀土三维信息成矿空间的三维地质模型计算机重构系统、深部找矿预测平台等数 字化建设的突破，显著提升了山东省战略性矿产资源的接续保障能力。 基于前期成果，地矿五队顺利承担山东微山湖稀土有限公司2025年市场项目"山东省微山县微山湖东南段稀土矿勘查"工作。目 前，该项目已有7台钻机同时施工，累计完成钻探工作量超4000米。 下一步，地矿五院战略矿产找矿团队继续以微山郗山稀土矿为依托，在成矿规律研究、科技创新、人才培养和成果推广等方面 不断发力，以技术突破加速实现稀土矿找矿新突破，为国家战略性矿产资源储备提供有力支撑。 项目名称: 基于岩浆型稀土找矿技术体系构建与鲁西特 大型矿床勘探 获 ...

Investment Rating - The industry rating is "Recommended" [3] Core Views - Short-term lithium prices are expected to remain volatile, with a positive outlook on antimony, cobalt, tungsten, and tin due to a reassessment of strategic metal values [1][2][7] - Supply concerns in the nickel market are supported by the lack of new approvals from Indonesia's RKAB, which may lead to price stabilization [1][28] - The cobalt market is expected to see continued price increases due to structural supply tightness, with Congo's export regulations impacting availability [2][5][16] - Antimony prices are anticipated to converge towards higher overseas prices due to export controls and tight domestic supply [6][17] - The lithium market is experiencing a strong demand backdrop, with expectations of continued inventory depletion supporting prices [7][17] - The rare earth market is tightening due to Vietnam's export ban, which is expected to support prices [9][18] - Tin prices are supported by ongoing supply concerns from overseas sources, particularly from Myanmar and Congo [11][20] - Tungsten prices are expected to remain supported due to supply constraints and regulatory controls [12][21] - The uranium market is facing supply tightness, which is likely to support prices amid geopolitical uncertainties [14][22] Summary by Sections Nickel and Cobalt Industry Update - Nickel prices are under pressure due to stable demand but cautious purchasing from smelters, with LME nickel closing at $14,420 per ton, down 2.04% [1][28] - Cobalt prices are expected to rise further, with Congo's export regulations causing supply constraints [2][5][16] Antimony Industry Update - Domestic antimony prices are lower compared to international prices, but supply tightness is expected to support future price increases [6][17] Lithium Industry Update - Lithium carbonate prices have increased, with a strong demand outlook from the electric vehicle sector [7][17] Rare Earth Industry Update - Vietnam's recent export ban on rare earths is expected to tighten global supply and support prices [9][18] Tin Industry Update - Tin prices are supported by supply concerns from Myanmar and Congo, with LME tin prices rising to $41,905 per ton [11][20] Tungsten Industry Update - Tungsten prices are expected to remain high due to supply constraints and regulatory measures [12][21] Uranium Industry Update - The uranium market is facing supply tightness, with prices supported by geopolitical factors and production delays [14][22]