智通财经APP获悉，据知情人士透露，美国总统特朗普计划对进口铜材加征50%关税的提案，将涵盖电 力电网、军事装备及数据中心所使用的各类铜制品。 美国去年进口的90.8万吨精炼铜(纯度≥99.993%)构成了最大进口品类，这些原材料经加工后转化为杆 材、电缆及合金制品。 北美最大铜材加工商Southwire Co.(为美军基地及舰艇供应线缆)未就此事立即置评。 此前市场普遍预期精炼铜将面临关税，但半成品(包括线材、板材、管材等)是否征税一直存疑。如果半 成品最终被纳入征税范围，政策冲击将显著扩大。受此消息影响，周五亚洲早盘时段，纽约商品交易所 铜价一度上涨1.3%。 特朗普宣称将于8月1日实施的这项关税政策将对美国产生深远影响。作为广泛应用于电子消费品、汽车 制造、建筑工程及国防工业的关键原材料，铜材关税上调势必将推高多个经济领域的生产成本。 此举是特朗普强化美国铜产业链战略的一部分，旨在完善从采矿、冶炼到加工、回收，直至半成品与终 端产品制造的全供应链布局。 美国铜发展协会在3月31日提交给美国商务部的文件中指出，铜制半成品是美国军工供应链的关键环 节。该协会代表美国90%的铜半成品生产商，就今年依据《贸易扩 ...

Group 1 - The U.S. has announced a 50% tariff on imported copper, effective from August 1, 2025, which will not impact Indian companies due to India's copper supply shortage [2][4] - India is a copper resource-poor country, with copper exports to the U.S. being only about 10,000 tons, according to the International Copper Association [3] - India's strong demand for copper is driven by initiatives in renewable energy and electric vehicles, mitigating the impact of U.S. tariffs [3] Group 2 - A planning document predicts that copper demand will grow sixfold by 2047, with a plan to add 5 million tons of smelting and refining capacity annually by 2030 [5] - India remains a net importer of copper products, necessitating strategic measures across the entire value chain to meet growing demand [6] - In 2023, India imported 1 million tons of copper concentrate, primarily from a few countries [7] Group 3 - Indonesia is the largest exporter of copper ore and concentrate to India, accounting for approximately 27% of imports, followed by Chile (25%) and Peru (14%) [8] - Together, these four countries (Indonesia, Chile, Peru, and Panama) account for about 75% of India's copper concentrate imports [9]

Core Viewpoint - Xinjiang is experiencing a tourism boom during the summer, with visitors engaging in immersive experiences of intangible cultural heritage (ICH) crafts, highlighting the region's rich cultural offerings and economic potential [1][3]. Group 1: Intangible Cultural Heritage (ICH) Development - Xinjiang has a total of 5,956 ICH representative projects, with significant achievements in protection and transmission, including 22 individuals selected as national-level ICH inheritors in the past year [1][20]. - The integration of cultural tourism has transformed traditional workshops into ICH workshops that combine appreciation, learning, and purchasing [6][18]. - The region's ICH is revitalizing local economies, serving as a key to wealth creation for communities [1][20]. Group 2: Craftsmanship and Local Artisans - Artisans in Xinjiang, such as the potter Tursun Muxtar, are preserving ancient techniques, with the pottery-making process involving five critical steps, showcasing the region's historical depth [9][11]. - The craftsmanship of local artisans includes a variety of products, from pottery to copperware, with artisans like Yusup Kadi innovating by incorporating modern design elements into traditional crafts [12][15]. - The interactive experience offered by ICH workshops allows tourists to engage directly with artisans, enhancing the cultural experience and promoting the preservation of these crafts [17][18]. Group 3: Economic Impact and Employment - The "ICH + tourism" model has created job opportunities for over 600 local residents in certain areas, demonstrating the economic benefits of cultural heritage integration [18][20]. - The establishment of ICH protection bases and workshops has led to the creation of more than 130 ICH workshops, contributing to employment for nearly 10,000 individuals [20].

Core Points - President Trump has issued eight letters regarding tariffs targeting various countries, with Brazil facing a significant 50% tariff, the highest announced to date [2][3] - The tariffs are part of Trump's broader trade agenda, which has caused market volatility and concerns among consumers and businesses regarding global trade flows [7] Group 1: Tariff Details - Brazil is the first country to receive the new tariff notice, with a 50% tariff set to take effect in August, attributed to the previous administration's handling of trade [3][4] - Other countries targeted include Algeria, Libya, Iraq, and Sri Lanka with tariffs of 30%, and Brunei and Moldova with 25%, while the Philippines faces a 20% tariff [3][4] - The tariffs on Iraq and Sri Lanka have been adjusted down from 39% to 25% and from 44% to 20%, respectively [3] Group 2: Trade Relationships - Brazil has a trade deficit with the U.S., importing approximately $44 billion worth of U.S. goods while exporting about $42 billion, making it one of the top 20 trade partners [4] - The other countries mentioned have smaller trade volumes with the U.S., with only the Philippines exporting around $14.1 billion, ranking it among the top 50 partners [4] Group 3: Market Reactions - The announcement of tariffs has led to a significant depreciation of the Brazilian real, with a maximum drop of 2.9%, and a 1.8% decline in the iShares MSCI Brazil ETF during after-hours trading [4] - Despite the tariff announcements, market reactions have been muted, with traders focusing on the extended negotiation period until August 1 [4][5] Group 4: Future Negotiations - The U.S. Treasury Deputy Secretary indicated that negotiations could continue even after the tariffs take effect, aiming for a framework agreement by August 1 [6] - Trump has also threatened additional tariffs on specific industries, including a 50% tariff on copper products, which caused a 17% spike in copper prices [6]

大家好，今晚继续关注海外市场的消息。 特朗普公布最新关税税率 7月9日深夜，美国总统特朗普公布了新一轮关税通知函，计划从8月起对未能与美国达成协议的贸易伙伴进口商品征收关税。 特朗普表示，将对阿尔及利亚、利比亚和伊拉克征收30%的关税，对来自文莱和摩尔多瓦的产品征收25%的关税，对来自菲律宾的商品征收 20%的关税。这些税率大体符合特朗普今年4月最初公布的计划，不过伊拉克的关税从39%下调，而菲律宾则从17%上调至20%。 在本周的谈判截止日期之前，特朗普已于周一开始向贸易伙伴通报新的税率。但特朗普随后通过行政命令将截止日期延长至8月1日，实际上 为贸易伙伴争取了更多谈判时间，这最初引发了华尔街对他是否会真正落实这些进口税的怀疑。 这一连串的关税通知函和新的威胁，标志着特朗普令人眼花缭乱的贸易议程的最新进展，该议程引发了市场波动，并让消费者、企业以及贸 易伙伴对贸易流动和全球经济的影响感到担忧。 本周早些时候，特朗普更增添了不确定性，声称他对这一新的谈判截止日期"并非100%坚定"。不过随后他试图向投资者和贸易伙伴表明自己 将履行关税威胁，并在周二誓言："所有款项将于2025年8月1日开始到期并应付——不再提 ...

【导读】 美国总统特朗普宣布对六个国家的关税税率；美股上涨 中国基金报记者 泰勒 大家好，今晚继续关注海外市场的消息。 在本周的谈判截止日期之前，特朗普已于周一开始向贸易伙伴通报新的税率。但 特朗普 随后通过行政命令将截止日期延长至8月1日，实际上为贸易伙伴 争取了更多谈判时间，这最初引发了华尔街对他是否会真正落实这些进口税的怀疑。 本周早些时候，特朗普更增添了不确定性，声称他对这一新的谈判截止日期"并非100%坚定"。不过随后他试图向投资者和贸易伙伴表明自己将履行关税 威胁，并在周二誓言："所有款项将于2025年8月1日开始到期并应付——不再提供任何延期"，针对各国单独关税的执行绝不退让。 特朗普还加大了对两个关键贸易伙伴的压力，称尽管与欧盟的谈判取得进展，但可能很快就会单方面对欧盟征收关税；同时誓言因印度参与金砖国家集团 而再对其加征10%关税，特朗普认为该集团威胁到美元作为全球主要储备货币的地位。 特朗普公布最新关税税率 7月9日深夜，美国总统特朗普公布了新一轮关税通知函，计划从8月起对未能与美国达成协议的贸易伙伴进口商品征收关税。 特朗普表示，将对阿尔及利亚、利比亚和伊拉克征收30%的关税，对来自文莱 ...

本文字数：680，阅读时长大约1分钟 2025.07. 09 根据美国统计局数据，智利、加拿大和墨西哥是2024年美国精炼铜及铜制品的三大进口来源国，或 将成为本轮关税冲击最大的国家。 微信编辑 | 七三 推荐阅读 据报道，特朗普在一场白宫内阁会议上表示，计划在当天晚些时候通过个人社交媒体账户正式公布关 税细节，但未说明何时正式生效。他表示："我相信对铜的关税，我们将征收50%。" 随后，美国商务部长卢特尼克（Mike Lutnick）接受媒体采访时表示，相关关税或将在7月底或8月 1日前生效。他称，相关232调查审查工作已完成，政府正在推进实施流程。"我们的想法是把铜带 回家，把铜生产带回家，把对工业部门至关重要的铜制造能力带回美国。" 今年2月，特朗普发布行政令，根据美国《1962年贸易扩展法》第232条，启动对铜进口威胁美国国 家安全和经济稳定的调查，即232调查。 消息公布后，美国铜生产商股价走高。全球最大铜生产企业之一、总部位于凤凰城的自由港麦克莫兰 （Freeport-McMoRan）盘中上涨近5%，收涨2.53%。过去3个月，累计涨幅达58%。 作者 | 第一财经 胡弋杰 据央视新闻， 当地时间 ...

在珠宝首饰的璀璨世界里，赤金与黄金常常被混为一谈，但它们实则是两种截然不同的材质。赤金并非黄金的一种，而是对特定金色金属的统称；而黄金作 为贵金属之王，有着不可替代的独特价值。理解两者的区别，不仅关乎消费选择，更是对珠宝文化的深入认知。 一、黄金：自然馈赠的贵金属之王 黄金以其耀眼的黄色和稳定的化学性质闻名于世。这种延展性极佳的金属，早在公元前3000年就已被人类使用。纯金（24K）呈现明亮的黄色，质地柔软， 这使得它需要与其他金属合金化以增强硬度，适合制作首饰。黄金的价值不仅体现在其稀有性上，更在于其千年不变的稳定性和文化象征意义，成为财富与 永恒的代名词。 二、赤金：多元金属的色彩游戏 赤金并非单一物质，而是一个涵盖多种金色金属的广义概念。它可能指含金量较高的合金，也可能完全不含黄金。常见的"赤金"包括： 18K金：通常为75%黄金与25%其他金属（如铜、银）的合金，呈现深黄色调 纯铜制品：经过特殊处理呈现红金色，完全不含黄金 其他合金：可能包含锌、镍等金属，通过比例调整获得不同金色色调 赤金的最大特点是色彩的多样性，工匠可以通过调整合金成分，创造出从浅金到深红的丰富金色系，满足不同的审美需求。 三、关键 ...

Core Viewpoint - The company "Copper Master" is positioning itself to become the first publicly listed company in China's copper cultural and creative sector, with a focus on affordable copper art products and a unique business model inspired by Xiaomi's strategies [1][14]. Company Background - Founded by Yu Guang, Copper Master has evolved from a small-scale business to a significant player in the copper art market, achieving annual sales exceeding 500 million yuan [1][4]. - Yu Guang's journey began in the construction and bathroom industry before he pivoted to copper art after a personal experience with high-priced copper statues [4][12]. Business Model and Strategy - Copper Master employs a cost-effective pricing strategy, offering products like a copper gourd for 39 yuan, aiming to make copper art accessible to a broader audience [5][7]. - The company has successfully leveraged online sales channels and community engagement, similar to Xiaomi's approach, to build a loyal customer base known as "Copper Fans" [9][10]. Financial Performance - The company's revenue for 2022 is reported at 5.03 billion yuan, with projected revenues of 5.06 billion yuan in 2023 and 5.71 billion yuan in 2024 [14]. - Despite the growth, the net profit has shown fluctuations, with figures of 56.94 million yuan in 2022, 44.13 million yuan in 2023, and an expected increase to 78.98 million yuan in 2024 [14]. Market Position and Challenges - Copper Master is currently the leading brand in the copper cultural and creative market, holding a significant market share alongside two other competitors [16][18]. - The overall market for metal cultural and creative products is relatively small, with a projected growth rate of only 1.8% from 2019 to 2024, limiting the potential for expansion [16][18]. Future Development Plans - The company aims to diversify its product offerings by expanding into gold and plastic creative products, although the success of these initiatives remains uncertain [19].

有色金属研究团队 研究员：张平 021-60635734 zhangping@ccb.ccbfutures.com 期货从业资格号：F3015713 研究员：余菲菲 021-60635729 yufeifei@ccb.ccbfutures.com 期货从业资格号：F3025190 行业 铜期货日报 日期 2025 年 5 月 20 日 研究员：彭婧霖 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 请阅读正文后的声明 每日报告 一、 行情回顾与操作建议 图1：沪铜走势及盘面价差 图2：伦铜走势及价差 沪铜主力下探继续收十字星，总持仓量下降，盘面价差结构持平 440，现货升水 微跌至 440，美金铜因比价偏弱导致仓单溢价和提单溢价均持平，短期国内仓单 未释放背景下现货市场持货商持续挺价，不过周一社库显示较上周四累库 0.72 万吨。COMEX-LME 价差缩窄至 690，美国铜关税迟迟未落地，向 COMEX 转移的铜库 存正在压缩 C-L 价差，LME 市场出库压力在放缓。整体上，沪铜高月差不退的情 况下，短期社库的累积对盘面压力并不明显 ...