{"id":632187,"date":"2026-04-19T18:40:43","date_gmt":"2026-04-20T01:40:43","guid":{"rendered":"https:\/\/nai500.com\/?p=632187"},"modified":"2026-04-19T18:40:43","modified_gmt":"2026-04-20T01:40:43","slug":"%e9%8a%85%e5%83%b9%e9%80%bc%e8%bf%91%e6%ad%b7%e5%8f%b2%e5%b3%b0%e5%80%bc%ef%bc%8c%e9%80%994%e5%8f%aa%e9%8a%85%e6%a5%ad%e8%82%a1%e7%a5%a8%e5%80%bc%e5%be%97%e9%97%9c%e6%b3%a8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/04\/%e9%8a%85%e5%83%b9%e9%80%bc%e8%bf%91%e6%ad%b7%e5%8f%b2%e5%b3%b0%e5%80%bc%ef%bc%8c%e9%80%994%e5%8f%aa%e9%8a%85%e6%a5%ad%e8%82%a1%e7%a5%a8%e5%80%bc%e5%be%97%e9%97%9c%e6%b3%a8\/","title":{"rendered":"\u9285\u50f9\u903c\u8fd1\u6b77\u53f2\u5cf0\u503c\uff0c\u90194\u53ea\u9285\u696d\u80a1\u7968\u503c\u5f97\u95dc\u6ce8"},"content":{"rendered":"

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\u652f\u6490\u9019\u4e00\u8f2a\u6de9\u53b2\u6f32\u52e2\u7684\uff0c\u4e0d\u50c5\u50c5\u662f\u5730\u7de3\u653f\u6cbb\u6ea2\u50f9\uff0c\u66f4\u95dc\u9375\u7684\u662f\u885b\u661f\u76e3\u6e2c\u6578\u64da\u63ed\u793a\u4e86\u5168\u7403\u51b6\u7149\u6d3b\u52d5\u2014\u2014\u5c24\u5176\u662f\u4e2d\u570b\u9700\u6c42\u7684\u5f37\u52e2\u56de\u6b78\u3002<\/p>\n

\u885b\u661f\u6578\u64da\u986f\u793a\uff0c\u4e2d\u570b\u9285\u51b6\u7149\u6d3b\u8e8d\u5ea6\u5df2\u6500\u5347\u81f31073\u842c\u5678\u7684\u6b77\u53f2\u5cf0\u503c\uff0c\u9592\u7f6e\u7522\u80fd\u5360\u6bd4\u964d\u81f33.9%\u3002Earth-i\u6307\u51fa\uff0c\u9019\u6a19\u8a8c\u8457\u4e0b\u6e38\u201c\u8cb7\u65b9\u7f77\u5de5\u201d\u7684\u7d42\u7d50\u3002\u800c\u8207\u4e2d\u570b\u6eff\u7522\u5f62\u6210\u6975\u81f4\u53cd\u5dee\u7684\u662f\uff0c\u6d77\u5916\u4f9b\u7d66\u93c8\u6b63\u6df1\u9677\u201c\u51b0\u706b\u5169\u91cd\u5929\u201d\uff1a\u4f0a\u6717\u5169\u5ea7\u5408\u8a0840\u842c\u5678\u5e74\u7522\u80fd\u7684\u51b6\u7149\u5ee0\u975e\u8a08\u5283\u505c\u904b\uff0c\u6fb3\u5927\u5229\u4e9eMount Isa\u51b6\u7149\u5ee0\u6301\u7e8c\u505c\u7522\uff0c\u5317\u7f8e\u9592\u7f6e\u7522\u80fd\u5360\u6bd4\u98c6\u5347\u81f332.3%\u3002<\/p>\n

\u9019\u5834\u4f9b\u9700\u932f\u914d\u6700\u6975\u81f4\u7684\u9ad4\u73fe\u5728\u65bc\u9285\u7cbe\u7926\u52a0\u5de5\u8cbb\uff08TC\/RC\uff09\u7684\u53f2\u8a69\u7d1a\u5d29\u584c\u3002\u64daS&P Global Energy\u65d7\u4e0bPlatts\u7684\u6578\u64da\u986f\u793a\uff0c\u8fd1\u671f\u73fe\u8ca8\u5e02\u5834\u62db\u6a19\u7684TC\/RC\u5df2\u6df1\u9677\u8ca0\u503c\u5340\u9593\uff0c\u903c\u8fd1\u6bcf\u5678\u8ca078.50\u7f8e\u5143\u548c\u6bcf\u78c5\u8ca07.85\u7f8e\u5206\u3002\u4f5c\u70ba\u5c0d\u6bd4\uff0c2024\u5e741\u6708\u6642\u8a72\u8cbb\u7528\u9084\u70ba\u6b63\u503c50\u7f8e\u5143\u3002<\/p>\n

\u57fa\u65bc\u7576\u524d\u9285\u50f9\u903c\u8fd1\u6b77\u53f2\u5cf0\u503c\u3001\u4f9b\u7d66\u7aef\u786c\u7d04\u675f\u96e3\u4ee5\u7de9\u89e3\u7684\u80cc\u666f\uff0c\u4ee5\u4e0b\u56db\u96bb\u5728\u7d10\u7d04\u8b49\u5238\u4ea4\u6613\u6240\u4ea4\u6613\u7684\u9285\u696d\u5de8\u982d\u503c\u5f97\u6295\u8cc7\u8005\u91cd\u9ede\u5be9\u8996\uff1a<\/p>\n

1. Freeport-McMoRan (NYSE: FCX)<\/a><\/h2>\n

\u4f5c\u70ba\u5168\u7403\u6700\u5927\u7684\u4e0a\u5e02\u9285\u751f\u7522\u5546\u4e4b\u4e00\uff0cFreeport\u7684\u7687\u51a0\u8cc7\u7522\u662f\u4f4d\u65bc\u5370\u5c3c\u7684\u5de8\u578b\u7926\u5c71Grasberg\u3002\u516c\u53f8\u57282025\u5e74\u7522\u928534\u5104\u78c5\uff0c\u8ca2\u737b\u4e86\u7f8e\u570b70%\u7684\u7cbe\u7149\u9285\u7522\u91cf\u3002FCX\u7684\u770b\u9ede\u5728\u65bc\u9f90\u5927\u7684\u6709\u6a5f\u589e\u9577\u7ba1\u7dda\uff0c\u7279\u5225\u662f\u901a\u904e\u6d78\u51fa\u6280\u8853\u6539\u9032\u8207\u56de\u6536\u7387\u63d0\u5347\uff0c\u9810\u8a08\u52302030\u5e74\u5e95\u53ef\u984d\u5916\u91cb\u653e8\u5104\u78c5\u7684\u5e74\u7522\u80fd\u3002\u6b64\u5916\uff0c\u4e9e\u5229\u6851\u90a3\u5ddeBagdad\u9805\u76ee\u548c\u667a\u5229El Abra\u64f4\u5efa\u9805\u76ee\u63d0\u4f9b\u4e86\u4e2d\u9577\u671f\u7684\u7522\u91cf\u8207\u73fe\u91d1\u6d41\u5f48\u6027\u3002<\/p>\n

2. Southern Copper (NYSE: SCCO)<\/a><\/h2>\n

Southern Copper\u64c1\u6709\u696d\u5167\u6700\u4f4e\u7684\u73fe\u91d1\u6210\u672c\u66f2\u7dda\u548c\u5168\u7403\u6700\u5927\u7684\u9285\u5132\u91cf\u3002\u9019\u7a2e\u8cc7\u6e90\u7a1f\u8ce6\u70ba\u8a72\u516c\u53f8\u5728\u50f9\u683c\u9ad8\u4f4d\u6642\u63d0\u4f9b\u4e86\u5de8\u5927\u7684\u5229\u6f64\u6760\u6746\u3002\u516c\u53f8\u8463\u4e8b\u6703\u5df2\u6279\u51c6\u4e86\u591a\u500b\u8fd1\u671f\u64f4\u7522\u9805\u76ee\uff0c\u8a08\u5283\u52302029\u5e74\u589e\u52a015.6\u842c\u5678\u7522\u91cf\u3002\u66f4\u9060\u671f\u4f86\u770b\uff0c\u9f90\u5927\u7684\u9805\u76ee\u5132\u5099\u6709\u671b\u57282033\u5e74\u524d\u518d\u8ca2\u737b54.5\u842c\u5678\u5e74\u7522\u80fd\u3002\u4f5c\u70ba\u9031\u671f\u80a1\u4e2d\u9632\u79a6\u6027\u8207\u9032\u653b\u6027\u517c\u5099\u7684\u6a19\u7684\uff0cSCCO\u5728\u8ca0\u52a0\u5de5\u8cbb\u74b0\u5883\u4e2d\u7368\u4eab\u4f4e\u6210\u672c\u7d05\u5229\u3002<\/p>\n

3. Teck Resources (NYSE: TECK)<\/a><\/h2>\n

\u9019\u5bb6\u52a0\u62ff\u5927\u7926\u5546\u6b63\u5728\u7d93\u6b77\u812b\u80ce\u63db\u9aa8\u7684\u91cd\u7d44\u30022025\u5e74\u5e95\u8207Anglo American\u9054\u6210\u7684\u5c0d\u7b49\u5408\u4f75\u5c07\u50ac\u751f\u51fa\u540d\u70baAnglo Teck\u7684\u65b0\u9285\u696d\u5de8\u982d\u3002\u5408\u4f75\u5b8c\u6210\u5f8c\uff0c\u9285\u8cc7\u7522\u5c07\u4f54\u64da\u65b0\u516c\u53f8\u7522\u91cf\u768470%\u4ee5\u4e0a\uff0c\u8e8b\u8eab\u5168\u7403\u524d\u4e94\u5927\u9285\u751f\u7522\u5546\u4e4b\u5217\u3002\u6295\u8cc7\u8005\u8cb7\u5165TECK\uff0c\u5be6\u8cea\u4e0a\u662f\u62bc\u6ce8\u5408\u4f75\u5f8c\u5354\u540c\u6548\u61c9\u7684\u91cb\u653e\u4ee5\u53ca\u5176\u5728\u667a\u5229\u3001\u79d8\u9b6f\u9802\u7d1a\u9285\u7926\u4e2d\u7684\u6b0a\u76ca\u6574\u5408\u3002<\/p>\n

4. Rio Tinto (NYSE: RIO)<\/a><\/h2>\n

\u96d6\u7136\u662f\u4e00\u5bb6\u591a\u5143\u5316\u7926\u696d\u5de8\u982d\uff0c\u4f46Rio Tinto\u7684\u9285\u696d\u52d9\u6b63\u6108\u767c\u8000\u773c\u3002\u516c\u53f8\u4e0d\u50c5\u64c1\u6709\u7f8e\u570bKennecott\u9019\u4e00\u4e16\u754c\u7d1a\u7926\u5c71\uff0c\u66f4\u6301\u6709\u8499\u53e4Oyu Tolgoi\u9285\u91d1\u792666%\u7684\u6b0a\u76ca\u3002\u52302030\u5e74\uff0cOyu Tolgoi\u9810\u8a08\u5c07\u6210\u70ba\u5168\u7403\u7b2c\u56db\u5927\u9285\u7926\u3002\u6b64\u5916\uff0cResolution Copper\u9805\u76ee\uff08\u8207BHP\u5408\u8cc7\uff09\u4ee5\u53ca\u6fb3\u5927\u5229\u4e9eWinu\u9805\u76ee\u7684\u9060\u671f\u6f5b\u529b\u70ba\u9019\u53ea\u9ad8\u80a1\u606f\u80a1\u7968\u6ce8\u5165\u4e86\u6210\u9577\u57fa\u56e0\u3002\u5373\u4fbf\u8fd1\u671f\u8207Glencore\u7684\u5408\u4f75\u8ac7\u5224\u56e0\u4f30\u503c\u5206\u6b67\u64f1\u6dfa\uff0cRIO\u6191\u85c940%-60%\u7684\u76c8\u9918\u6d3e\u606f\u653f\u7b56\uff0c\u4f9d\u7136\u662f\u9577\u671f\u8cc7\u672c\u914d\u7f6e\u7684\u58d3\u8259\u77f3\u3002<\/p>\n

\u98a8\u96aa\u63d0\u793a\uff1a<\/strong>\u00a0\u9285\u50f9\u96d6\u5f37\u52e2\uff0c\u4f46\u9700\u8b66\u60d5\u5b8f\u89c0\u7d93\u6fdf\u8870\u9000\u5c0e\u81f4\u7684\u9700\u6c42\u8b49\u507d\u98a8\u96aa\uff0c\u4ee5\u53ca\u52a0\u5de5\u8cbb\u8ca0\u503c\u5c0d\u6df7\u5408\u578b\u51b6\u7149\u4f01\u696d\u5229\u6f64\u7684\u6f5b\u5728\u4fb5\u8755\u3002\u4e0d\u904e\uff0c\u5728\u80fd\u6e90\u8f49\u578b\u8207AI\u6578\u64da\u4e2d\u5fc3\u7528\u96fb\u9700\u6c42\u7684\u96d9\u91cd\u9a45\u52d5\u4e0b\uff0c\u9285\u7684\u9577\u671f\u4f9b\u9700\u7f3a\u53e3\u908f\u8f2f\u4f9d\u7136\u5805\u633a\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u9032\u51654\u6708\u4e0b\u65ec\uff0c\u5168\u7403\u9285\u5e02\u6b63\u4ee5\u4e00\u7a2e\u8fd1\u4e4e\u760b\u72c2\u7684\u59ff\u614b\u6311\u6230\u6b77\u53f2\u9ad8\u4f4d\u3002\u622a\u81f3\u4e0a\u9031\u4e94\u6536\u76e4\uff0c\u7d10\u7d04\u5546\u54c1\u4ea4\u6613\u62405\u6708\u671f\u9285\u50f9\u683c\u5831\u6bcf\u78c56. […]<\/p>\n","protected":false},"author":27,"featured_media":576691,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431,2197],"tags":[801,1404,671,784],"class_list":["post-632187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","category-2197","tag-801","tag-1404","tag-671","tag-784","sectors-base-metals-tch","locations-china-zh-hant","locations-620","locations-canada-zh-hant","locations-848","locations-us-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/632187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=632187"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/632187\/revisions"}],"predecessor-version":[{"id":632190,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/632187\/revisions\/632190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/576691"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=632187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=632187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=632187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}