专题报告 | 海外铜冶炼厂减停产潮中,国内炼厂如何重构价值链话语权?

市场资讯
Nov 12

(来源:中信期货研究)中信期货研究9月24日 Grasberg 大幅下调 2025-2026 年铜矿产量,市场对铜矿供应紧张的担忧骤增,铜价大幅上行。据 10 月 31 日 ICSG 报告,2025 年全 球铜矿产量增长率从 4 月预测的 2.3%下调至 1.4%,全球 15 家主要矿企年内产量指引增量转负。我们梳理矿企财报并结合 CRU、Wood Mackenzie,统计得出 2025-2027...

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