{"id":613990,"date":"2026-01-09T19:25:48","date_gmt":"2026-01-10T03:25:48","guid":{"rendered":"https:\/\/nai500.com\/?p=613990"},"modified":"2026-01-09T19:25:48","modified_gmt":"2026-01-10T03:25:48","slug":"%e4%bd%8e%e4%bc%b0-%e7%a4%a6%e6%a5%ad-%e5%b7%a8%e9%a0%ad-%e8%87%aa%e7%94%b1%e6%b8%af-%e9%ba%a5%e5%85%8b-%e8%8e%ab%e8%98%ad-%e8%82%a1%e7%a5%a8-%e5%a4%a7%e6%bc%b2-%e6%bd%9b%e5%8a%9b%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/01\/%e4%bd%8e%e4%bc%b0-%e7%a4%a6%e6%a5%ad-%e5%b7%a8%e9%a0%ad-%e8%87%aa%e7%94%b1%e6%b8%af-%e9%ba%a5%e5%85%8b-%e8%8e%ab%e8%98%ad-%e8%82%a1%e7%a5%a8-%e5%a4%a7%e6%bc%b2-%e6%bd%9b%e5%8a%9b%ef%bc%9f\/","title":{"rendered":"\u88ab\u4f4e\u4f30\u7684\u7926\u696d\u5de8\u982d\uff1a\u70ba\u4f55\u81ea\u7531\u6e2f\u9ea5\u514b\u83ab\u862d\u80a1\u7968\u5177\u5099\u5927\u6f32\u6f5b\u529b\uff1f"},"content":{"rendered":"<p>\u8fd1\u671f\u9285\u50f9\u6301\u7e8c\u6500\u5347\uff0c\u903c\u8fd1\u66c6\u53f2\u9ad8\u4f4d\uff0c\u800c\u5168\u7403\u9818\u5148\u7684\u9285\u91d1\u7926\u5546\u81ea\u7531\u6e2f\u9ea5\u514b\u83ab\u862d\u516c\u53f8<strong><b>Freeport-McMoRan (FCX)<\/b><\/strong>\u00a0\u7684\u80a1\u50f9\u537b\u7d93\u66c6\u5c0f\u5e45\u56de\u8abf\u3002\u5206\u6790\u5e2b\u6307\u51fa\uff0c\u9019\u6070\u6070\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u4e86\u4e00\u500b\u96e3\u5f97\u7684\u8cb7\u5165\u6a5f\u6703\u3002\u96a8\u8457\u8a72\u516c\u53f8\u9010\u6b65\u8d70\u51fa\u5370\u5c3c\u7926\u96e3\u7684\u9670\u973e\uff0c\u5176\u76c8\u5229\u9810\u8a08\u5c07\u57282026\u5e74\u5927\u5e45\u6539\u5584\uff0c\u4e26\u6301\u7e8c\u81f32027\u5e74\u3002\u5728\u7576\u524d\u7a4d\u6975\u7684\u5e02\u5834\u524d\u666f\u4e0b\uff0c\u8a72\u80a1\u7684\u4f30\u503c\u4ecd\u5177\u986f\u8457\u5438\u5f15\u529b\u3002<\/p>\n<p>\u6295\u8cc7\u8005\u901a\u5e38\u95dc\u6ce8\u5169\u500b\u95dc\u9375\u9285\u50f9\u6307\u6a19\uff1a\u7f8e\u570b\u7684COMEX\u50f9\u683c\u548c\u570b\u969b\u901a\u7528\u7684LME\u50f9\u683c\u3002\u597d\u6d88\u606f\u662f\uff0c\u5169\u8005\u76ee\u524d\u5747\u63a5\u8fd1\u66c6\u53f2\u6700\u9ad8\u6c34\u5e73\u3002COMEX\u9285\u50f9\u73fe\u7d04\u70ba\u6bcf\u78c55.65\u7f8e\u5143\uff0c\u8f03\u4e00\u5e74\u524d\u76844.10\u7f8e\u5143\u5927\u5e45\u4e0a\u6f32\u3002<\/p>\n<p>\u5c24\u5176\u503c\u5f97\u95dc\u6ce8\u7684\u662f\uff0c\u6b64\u524d\u56e0\u5e02\u5834\u64d4\u6182\u7279\u6717\u666e\u653f\u5e9c\u53ef\u80fd\u5c0d\u9032\u53e3\u9285\u52a0\u5f81\u95dc\u7a05\uff0cCOMEX\u8207LME\u9285\u50f9\u57282025\u5e74\u590f\u5b63\u66fe\u51fa\u73fe\u8fd130%\u7684\u50f9\u5dee\u3002\u5982\u4eca\u50f9\u5dee\u6536\u6582\u4e14\u96d9\u7dda\u9f4a\u6f32\uff0c\u9019\u66f4\u53cd\u6620\u4e86\u5f37\u52c1\u7684\u7d42\u7aef\u9700\u6c42\uff0c\u800c\u975e\u55ae\u7d14\u51fa\u65bc\u95dc\u7a05\u9810\u671f\u7684\u5eab\u5b58\u56e4\u7a4d\u884c\u70ba\uff0c\u9019\u5c0dFreeport\u7b49\u751f\u7522\u5546\u69cb\u6210\u66f4\u5805\u5be6\u7684\u5229\u597d\u3002<\/p>\n<p><strong><b>\u8d70\u51fa\u9670\u973e\uff1a2026\u5e74\u8fce\u4f86\u7522\u91cf\u8907\u8607<\/b><\/strong><\/p>\n<p>\u76e1\u7ba1\u5e02\u5834\u74b0\u5883\u6709\u5229\uff0c\u4f46\u81ea\u7531\u6e2f\u6b64\u524d\u5728\u5370\u5c3c\u906d\u9047\u7684\u81f4\u547d\u7926\u96e3\u5f71\u97ff\u4e86\u5176\u7522\u91cf\uff0c\u5c0e\u81f4\u516c\u53f8\u4e0b\u8abf\u4e862025\u53ca2026\u5e74\u7684\u92b7\u552e\u6307\u5f15\u3002<\/p>\n<table>\n<tbody>\n<tr>\n<td>Freeport-McMoRan \u7522\u91cf\u6307\u5f15<\/td>\n<td>2025\u5e74\u9810\u4f30<\/td>\n<td>2026\u5e74\u9810\u4f30<\/td>\n<td>2027\u5e74\u9810\u4f30<\/td>\n<\/tr>\n<tr>\n<td>\u9285 (7\u6708\u6307\u5f15\uff0c\u5341\u5104\u78c5)<\/td>\n<td>3.95<\/td>\n<td>4.3<\/td>\n<td>4.3<\/td>\n<\/tr>\n<tr>\n<td>\u9285 (11\u6708\u6307\u5f15\uff0c\u5341\u5104\u78c5)<\/td>\n<td>3.5<\/td>\n<td>3.45<\/td>\n<td>4.1<\/td>\n<\/tr>\n<tr>\n<td>\u9ec3\u91d1 (7\u6708\u6307\u5f15\uff0c\u767e\u842c\u76ce\u53f8)<\/td>\n<td>1.3<\/td>\n<td>1.6<\/td>\n<td>1.5<\/td>\n<\/tr>\n<tr>\n<td>\u9ec3\u91d1 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