花旗分析师埃弗拉姆·拉维估计，2026年力拓集团铁矿石业务对息税折旧摊销前利润（EBITDA）的贡献占比将降至48%，较2023年的81%大幅下降。尽管几内亚巨型铁矿项目西芒杜持续推进，但得益于铜业务增长，该矿业公司正在实现利润多元化。

　　拉维称，这一结构性调整也反映出大宗商品价格走势预期，包括铁矿石前景疲软。他表示，力拓的铜业务“正稳步迈向稳健增长”，预计2026年和2027年利润增幅将分别达到7%和5%。

　　拉维认为，投资者将在12月4日公司举行的投资者说明会上更清晰地了解其增长计划。花旗对力拓给出“中性”评级。

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责任编辑：王许宁

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