最近，美国的态度变得非常急切。虽然中美峰会已经过去半个月，但中国依然没有恢复稀土出口，这让美国财长感到焦虑。他公开表示，希望中国能够在感 恩节前恢复稀土供应，并要求双方尽快达成相关协议。 美国《福克斯新闻》报道称，美国财政部长贝森特表示，美国希望能在本月底，即感恩节假期前，与中国达成确保稀土供应的协议。他强调自己相信中国会 履行协议，但同时也警告，如果中国反悔，美国有多种报复手段可供选择。 基准矿物情报公司能源原材料主管韦伯指出，美国已经采取了一些重要举措，但要实现自给自足仍然困难，因为开采新的矿山和建设精炼设施都需要时间， 短期内很难完成。 事实上，中美峰会后，双方已经采取了一些措施，力图恢复两国的经贸关系，并为未来签订全面协议做准备。比如，双方宣布取消或暂 停部分额外关税，包括对华船舶港口费、实体清单附属规则等。这些措施表明，虽然中美在稀土问题上有所让步，但双方依然没有完全解决所有争议。 中 国方面已经暂停了2025年4月和10月对稀土、镓、锗、锑、石墨等关键矿产实施的出口管制，并发放了一般出口许可证，恢复稀土的正常流动。不过，至于 美国要求稀土恢复到贸易战前的自由流通状态，这一点看起来并不现实。除非双方 ...

稀土是高科技和军工产业的核心材料，从手机电池、电动车电机，到导弹导航系统，都离不开它。而中国掌握了全球九成以上的加工能力，美国对中国稀土 的依赖非常高。2025年上半年，中美贸易摩擦升级，美国加征关税，中国随即采取稀土出口管制措施。从4月开始，针对七种关键稀土元素，出口必须申请 许可证，这一举措直接导致全球供应链紧张，许多汽车厂的生产线被迫停工。 到了10月9日，中国商务部出台新规，规定只要产品中含有0.1%以上的中国稀土成分，就必须申请出口许可。这一措施针对的是高科技产品，相当于直接卡 住了美国的关键供应链。美国股市因此波动，相关企业纷纷叫苦。特朗普政府急忙寻找对话机会，10月30日在韩国釜山，中美领导人举行会晤，讨论暂停对 抗的方案。中国同意推迟新规的实施，并发放一般出口许可证，使稀土、镓、锗等材料能够供应给美国终端用户和供应商。这消息一出，美国市场松了口 气，以为供应链问题得到缓解。 之所以如此严格，是因为稀土不仅用于民用，还涉及国防，美国军工产业大量依赖稀土合金，导弹、战机、雷达等设备都离不开它。中国强调，这套制度是 为了保护供应链安全，防止资源被用于破坏和平的用途，符合国际贸易惯例，并非一刀切。商务 ...

2025年已经过去大半，美方那套"极限施压"的老路子又重新走了一遍，关税数字节节往上飙。与此同时，美国还把菲律宾、日本拉进来频繁军演，让台海、 南海的局势紧张得像拉满弓弦一样。很多人都在问：这仗是不是真的要打？倒计时是不是要归零了？ 今年特朗普重返白宫后，一上来就把贸易战当成日常操作。2月1日，他刚上任没几天就签了行政令，要求在原有关税的基础上，所有中国商品再加征10%， 理由依旧是那套老生常谈——芬太尼问题、供应链安全等。到了3月，又追加一轮，再叠加10%，税率一路往上蹿。4月2日，美方干脆宣布实行所谓"全球对 等关税"，让中国商品平均税率瞬间被推到54%，接着再叠加301、232等措施，有些品类的关税甚至冲到125%甚至更高。 中国这边从去年底就开始对镓、锗、锑等关键材料实施出口管控，今年4月又针对美国产品加征84%关税，反制毫不手软。美国见中国不让步，只能拉回谈 判桌。双方在5月于日内瓦会面，终于坐下来谈，5月12日发布联合声明：美方将125%关税降到34%，并暂停24%关税90天；我们也相应将相关关税降到 10%。之后又在斯德哥尔摩、马德里、吉隆坡举行多轮会谈，10月底的吉隆坡谈得比较顺利，11月10 ...

Core Viewpoint - Company announces a new strategic plan called "One Body, Two Wings" aimed at enhancing its market position and contributing to national supply chain security [1] Group 1: Strategic Focus - "One Body" refers to the company being a leading enterprise with rich metal resources [1] - "Two Wings" focuses on the development of copper, lead, and zinc smelting and deep processing industries, as well as rare and precious metals and new materials [1] Group 2: Development Approach - The company emphasizes both "external development" and "internal development" to drive growth [1] - A dual approach of "focusing on core business + capital operation" is adopted to optimize product structure and enhance the industrial chain layout [1] Group 3: Value Management - The company has established a value management system to enhance investor returns and protect the rights of stakeholders [1] - Efforts will be made to improve investor relations management and promote high-quality development to achieve shareholder value returns [1]

证券日报网讯 中金岭南11月21日发布公告，在公司回答调研者提问时表示，公司暂无锂矿资源。截至 2024年底，公司所属矿山保有金属资源量锌713万吨，铅366万吨，铜143万吨，银6607吨，金90吨，镍 9.24万吨，镓717吨，锗240吨，钨1.65万吨。 （编辑 袁冠琳） ...

刚刚过去的10月，对于特朗普来说是一个值得炫耀的时刻。 他在亚洲之行后，宣布与中国达成了一份"休战协议"，并声称这场可能摧毁全球经济的贸易战暂时停火。 然而，中国在稀土问题上的一次"让步"，却让特朗普陷入了更大的被动局面。 稀土被称为现代高科技产业的"维生素"，广泛应用于智能手机、电动车、隐形战机和导弹制导系统等领域。 中国控制着全球约90%的稀土供应，是当之无愧的"稀土界欧佩克"。 此前，中国对稀土出口实施严格管制，美国科技产业和军工企业一度陷入供应链危机。 然而，在这次谈判中，中国宣布暂停稀土出口禁令，直到2026年11月。 这一"暂停"并不是永久取消，而是一个象征性的动作，向外界传递了三个信号：中国可以随时重启禁令，禁令的威慑力真实有效，美国 必须以让步换取喘息机会。 他们原本希望通过港口费壁垒复兴造船工业，却发现特朗普为了稀土问题"牺牲"了他们的利益。 这种来自政治基本盘的反对，让特朗普的紧张情绪进一步加剧。 美媒普遍认为，特朗普的"12分胜利"不过是一个笑话。 所谓的休战更像是美国对中国的"求和"。 中国通过象征性的让步，展现了稀土资源的巨大威慑力。 而特朗普面对的，是愤怒的工会、嘲讽的媒体，以及五 ...

Core Viewpoint - China has announced the suspension of export restrictions on key minerals such as gallium, germanium, antimony, and graphite until November 27, 2026, catching the U.S. off guard during ongoing negotiations [2][5]. Group 1: China's Strategic Move - The suspension of mineral controls is seen as a strategic maneuver by China, not a sign of weakness, as it was not discussed in prior negotiations [2][5]. - The minerals released are critical for industries such as semiconductors, 5G, and military applications, highlighting China's significant role in the supply chain [5][9]. - China holds approximately 85% of the world's gallium reserves and nearly 70% of germanium production, making it difficult for other countries to replicate this supply chain advantage [9][11]. Group 2: Implications for the U.S. - The U.S. faces a dilemma: continue relying on Chinese minerals or invest heavily in building its own supply chain, which could take years and cost billions [7][9]. - If U.S. companies opt for Chinese minerals due to lower costs, it could undermine efforts to create a self-sufficient supply chain [9][11]. - The timing of China's suspension provides a buffer period, allowing for potential negotiations while also signaling that China can reinstate restrictions if talks do not progress favorably [11][12]. Group 3: Broader Context of U.S.-China Relations - The ongoing U.S.-China rivalry involves complex negotiations, with both sides trying to leverage their strengths while avoiding escalation [14]. - China's move to suspend mineral restrictions is a clear signal to the U.S. about the stakes involved in the negotiations, emphasizing the need for careful consideration of their next steps [14].

Core Viewpoint - China's recent announcement to suspend export restrictions on key minerals such as gallium, germanium, antimony, and graphite from now until November 27, 2026, marks a strategic shift in the ongoing US-China competition [1] Group 1: Strategic Implications - The suspension of export restrictions is perceived as a tactical retreat that allows China to gain leverage, particularly in the semiconductor and renewable energy sectors, where gallium and germanium are critical [3] - The US is facing a strategic dilemma in the critical minerals sector, as domestic production is insufficient and relies heavily on Chinese technology for rare earth separation [3] - The timing of this announcement coincides with the US election cycle, presenting a challenge for the new government to choose between continued confrontation or pragmatic cooperation with China [5] Group 2: Global Supply Chain Dynamics - The global supply chain is undergoing significant restructuring, with countries like Australia and Canada ramping up mining efforts, yet lacking sufficient refining capacity [5] - China currently controls 95% of the global graphite refining capacity, making it difficult for other nations to quickly overcome this dominance [5] - The temporary lifting of export restrictions may deepen Western reliance on Chinese minerals, highlighting the dual-edged nature of supply chain weaponization [6] Group 3: Technological Advancements - The export suspension is seen as a strategic move to buy time for China's advancements in next-generation technologies, such as solid-state batteries and silicon carbide chips, which are on the verge of industrialization [6] - While the West focuses on rebuilding raw material supply chains, China is positioning itself for technological breakthroughs that could redefine industry standards [6]

Core Points - The Chinese Ministry of Commerce announced a series of measures to suspend export controls and countermeasures against U.S. companies, reflecting a shift towards stabilizing U.S.-China trade relations following a summit between the two nations' leaders [2][5][6] - The suspension includes specific export controls on dual-use items and certain materials, which are crucial for various industries, indicating a potential easing of trade tensions [4][8] Group 1: Policy Adjustments - The Ministry of Commerce's decision to suspend countermeasures against five U.S. subsidiaries of Hanwha Ocean Co., Ltd. will take effect on November 10, 2025, for one year [2][5] - The suspension of the 2024 No. 46 announcement, which primarily targeted dual-use items for export to the U.S., is part of a broader strategy to enhance economic activity efficiency [3][4] - The U.S. Trade Representative's Office announced a one-year suspension of its Section 301 investigation measures against China's maritime, logistics, and shipbuilding industries, effective from November 10, 2025 [5][6] Group 2: Economic Implications - Experts suggest that these measures are intended to provide more certainty to the market and improve the efficiency of economic activities, contrasting with the targeted nature of Western export controls [2][6][11] - The adjustments are seen as a response to the recent U.S.-China summit, aiming to foster a more stable economic relationship and mitigate the impacts of previous trade tensions [5][9] Group 3: Industry Impact - The suspension of export controls on materials like gallium, germanium, and antimony, which are critical for sectors such as electronics and defense, highlights the strategic importance of these resources in the ongoing trade dynamics [8][9] - The measures are part of a broader context where both nations are navigating complex trade relationships, with export controls becoming a significant tool in bilateral negotiations [9][10]

Group 1 - The US and China mutually reduced tariffs on November 10, with the US lowering tariffs on fentanyl-related products from 20% to 10%, and China suspending retaliatory tariffs on US soybeans up to 15% [2][4] - According to estimates from Japan's Nomura Research Institute, a 10% reduction in tariffs on China could increase global real GDP by approximately 0.04% over three years, with Japan experiencing a 0.05% boost [2][4] - The agreement reached during the US-China summit on October 30 is set to remain in effect until November 10, 2026, with both countries continuing to suspend the implementation of reciprocal tariffs [4] Group 2 - The US Trade Representative announced that the "port fees" imposed on Chinese vessels will be postponed for one year, which could help stimulate global trade and economic recovery [4] - China is expected to resume imports of US soybeans, with plans to import over 12 million tons in 2025 and at least 25 million tons annually from 2026 to 2028 [5] - There are differing views on the adjustment of rare earth export controls, with the US advocating for the complete abolition of past controls, while China has only postponed certain controls for a year [5]