{"id":668212,"date":"2026-10-09T16:50:24","date_gmt":"2026-10-09T23:50:24","guid":{"rendered":"https:\/\/nai500.com\/?p=668212"},"modified":"2026-10-09T16:50:24","modified_gmt":"2026-10-09T23:50:24","slug":"%e9%8a%85%e5%83%b9%e5%91%a8%e7%b7%9a%e6%94%b6%e6%bc%b2-2%ef%bc%8c%e9%80%99-5-%e5%8f%aa%e9%8a%85%e7%a4%a6%e8%82%a1%e5%80%bc%e5%be%97%e9%97%9c%e6%b3%a8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/10\/%e9%8a%85%e5%83%b9%e5%91%a8%e7%b7%9a%e6%94%b6%e6%bc%b2-2%ef%bc%8c%e9%80%99-5-%e5%8f%aa%e9%8a%85%e7%a4%a6%e8%82%a1%e5%80%bc%e5%be%97%e9%97%9c%e6%b3%a8\/","title":{"rendered":"\u9285\u50f9\u5468\u7dda\u6536\u6f32 2%\uff0c\u9019 5 \u53ea\u9285\u7926\u80a1\u503c\u5f97\u95dc\u6ce8"},"content":{"rendered":"

\u502b\u6566\u91d1\u5c6c\u4ea4\u6613\u6240\uff08LME\uff09\u9285\u50f9\u9031\u4e94\u4e0a\u6f32 1.6%\uff0c\u6536\u65bc\u6bcf\u5678 $14,540\uff0c\u5168\u5468\u7d2f\u8a08\u4e0a\u6f32 2%\uff0c\u5f9e\u524d\u4e00\u65e5\u7684\u907f\u96aa\u56de\u843d\u4e2d\u4f01\u7a69\u3002\u4e2d\u570b\u9700\u6c42\u4fe1\u865f\u6539\u5584\u8207\u5168\u7403\u80a1\u5e02\u53cd\u5f48\u5171\u540c\u652f\u6490\u50f9\u683c\uff0c\u4f9b\u61c9\u7aef\u64fe\u52d5\u4ecd\u5728\u767c\u9175\u3002<\/p>\n

\u4e2d\u570b\u570b\u6176\u9ec3\u91d1\u5468\u904e\u5f8c\u5eab\u5b58\u7dad\u6301\u4f4e\u4f4d\uff0c\u4e00\u9805\u8861\u91cf\u9032\u53e3\u9700\u6c42\u7684\u6307\u6a19\u5347\u81f3\u56db\u5e74\u9ad8\u4f4d\uff0c\u986f\u793a\u5168\u7403\u6700\u5927\u9285\u6d88\u8cbb\u570b\u8cb7\u5bb6\u6216\u555f\u52d5\u88dc\u5eab\u3002\u4f9b\u61c9\u7aef\uff0c\u6f5b\u5728\u95dc\u7a05\u751f\u6548\u524d\u5927\u91cf\u91d1\u5c6c\u6d41\u5165\u7f8e\u570b\uff0c\u6536\u7dca\u4e86\u5176\u4ed6\u5730\u5340\u7684\u53ef\u4f9b\u61c9\u91cf\uff1b\u4ea4\u6613\u5546\u540c\u6642\u95dc\u6ce8 Antofagasta \u65d7\u4e0b\u667a\u5229 Centinela \u9285\u7926\u7684\u7f77\u5de5 \u2014\u2014 \u90e8\u5206\u5de5\u4eba\u5df2\u5ba3\u4f48\u7d55\u98df\uff0c\u5de5\u6703\u7a31\u7f77\u5de5\u9032\u5165\u7b2c\u4e09\u5929\uff0c\u672a\u4f86\u6578\u5468\u6216\u958b\u59cb\u5be6\u8cea\u5f71\u97ff\u7522\u91cf\uff0c\u516c\u53f8\u65b9\u9762\u4ecd\u7dad\u6301\u7522\u91cf\u9810\u6e2c\u3002<\/p>\n

StoneX \u5206\u6790\u5e2b Natalie Scott-Gray \u7b49\u4eba\u5728\u5831\u544a\u4e2d\u7dad\u6301\u5efa\u8a2d\u6027\u89c0\u9ede\uff0c\u8a8d\u70ba\u9285\u50f9\u53d7\u4f9b\u61c9\u98a8\u96aa\u3001\u4e2d\u570b\u5b63\u7bc0\u6027\u9700\u6c42\u53ca\u95dc\u7a05\u4e0d\u78ba\u5b9a\u6027\u652f\u6490\uff0c\u4f46\u540c\u6642\u63d0\u793a\u7c98\u6027\u901a\u8139\u8207\u592e\u884c\u9df9\u6d3e\u7acb\u5834\u4ecd\u662f\u4e0b\u884c\u98a8\u96aa\u3002<\/p>\n

\u5168\u7403\u4e94\u5927\u4e0a\u5e02\u9285\u4f01<\/h2>\n

BHP Group\uff08NYSE: BHP\uff09<\/a><\/strong> \u7e3d\u90e8\u4f4d\u65bc\u6fb3\u5927\u5229\u4e9e\uff0c\u662f\u5168\u7403\u6700\u5927\u9285\u751f\u7522\u5546\uff0c\u9285\u53ca\u9ec3\u91d1\u526f\u7522\u54c1\u8ca2\u737b\u7565\u8d85\u534a\u6578\u5229\u6f64\u3002\u516c\u53f8\u5728\u5357\u7f8e\uff08\u542b\u5168\u7403\u6700\u5927\u9285\u7926 Escondida\uff09\u548c\u6fb3\u5927\u5229\u4e9e\u904b\u71df\u591a\u5ea7\u9285\u7926\uff0c2026 \u5e74\u9285\u7522\u91cf\u6307\u5f15\u70ba 180 \u842c\u81f3 200 \u842c\u5678\u3002\u516c\u53f8\u8207 Rio Tinto \u6309 45%\/55% \u6b0a\u76ca\u5408\u8cc7\u958b\u767c Resolution Copper\u2014\u2014 \u5168\u7403\u6700\u5927\u672a\u958b\u767c\u9285\u7926\u9805\u76ee\u4e4b\u4e00\uff0c\u9810\u8a08\u5efa\u8a2d\u671f 8 \u81f3 10 \u5e74\u3001\u7e3d\u6295\u8cc7\u7d04 $640\u5104\uff1b2026 \u5e74\u53c8\u6536\u8cfc Faraday Copper 30% \u6b0a\u76ca\uff0c\u652f\u6301\u5176\u5728\u4e9e\u5229\u6851\u90a3\u6253\u9020\u65b0\u9285\u7522\u696d\u96c6\u7fa4\uff0c\u76ee\u6a19 2035 \u5e74\u9285\u7576\u91cf\u7522\u91cf\u589e\u9577\u6700\u9ad8 40%\u30022026 \u5e74 8 \u6708\u516c\u4f48\u7684\u5e74\u5831\u986f\u793a\uff0c\u9285\u696d\u52d9\u7d93\u71df\u5229\u6f64\u9054 $182\u5104\uff0c\u9996\u6b21\u8d85\u8d8a\u9435\u7926\u77f3\u6210\u70ba\u7b2c\u4e00\u5927\u5229\u6f64\u4f86\u6e90\u3002<\/p>\n

Freeport-McMoRan\uff08NYSE: FCX\uff09<\/a><\/strong> \u662f\u5168\u7403\u6700\u5927\u4ee5\u9285\u70ba\u4e3b\u696d\u7684\u4e0a\u5e02\u516c\u53f8\uff0c\u540c\u6642\u7522\u91d1\u8207\u926c\u3002\u6838\u5fc3\u8cc7\u7522\u70ba\u5370\u5c3c Grasberg \u7926 \u2014\u2014 \u5168\u7403\u7b2c\u4e8c\u5927\u9285\u7926\u3001\u6700\u5927\u91d1\u7926\uff0c\u53d7 2025 \u5e74 9 \u6708\u4e8b\u6545\u5f71\u97ff 2026 \u5e74\u7522\u91cf\u504f\u4f4e\uff0c\u516c\u53f8\u9810\u8a08 2026 \u5e74\u5e95\u91cd\u555f\uff0c\u4e26\u5df2\u7533\u8acb\u5c07\u904b\u71df\u8a31\u53ef\u5ef6\u81f3 2041 \u5e74\u4ee5\u5f8c\u3002\u516c\u53f8\u5728\u4e9e\u5229\u6851\u90a3\u548c\u79d8\u9b6f\u904b\u71df\u5927\u578b\u7926\u5c71\uff0c2025 \u5e74\u5171\u7522\u9285 34 \u5104\u78c5\uff0c\u5360\u7f8e\u570b\u7cbe\u7149\u9285\u7522\u91cf 70%\u3002\u6280\u8853\u5347\u7d1a\u8207 Bagdad\uff08$35\u5104\uff09\u3001El Abra\uff08$75\u5104\uff09\u7b49\u64f4\u7522\u9805\u76ee\u69cb\u6210\u4e2d\u9577\u671f\u7522\u80fd\u589e\u91cf\uff0c\u5176\u4e2d\u5de5\u85dd\u6539\u9032\u9810\u8a08 2030 \u5e74\u5e95\u524d\u53ef\u5e74\u589e 8 \u5104\u78c5\u7522\u91cf\u3002<\/p>\n

Teck Resources\uff08NYSE: TECK\uff09<\/a><\/strong> \u70ba\u52a0\u62ff\u5927\u7926\u4f01\uff0c\u5728\u5317\u7f8e\u548c\u5357\u7f8e\u64c1\u6709\u4e16\u754c\u7d1a\u9285\u92c5\u8cc7\u7522\u3002\u516c\u53f8\u6b63\u8207 Anglo American \u9032\u884c\u5c0d\u7b49\u5408\u4f75\uff0c\u65b0\u5be6\u9ad4 Anglo Teck \u9285\u7522\u91cf\u5360\u6bd4\u5c07\u8d85 70%\uff0c\u6301\u6709\u52a0\u62ff\u5927\u3001\u667a\u5229\u3001\u79d8\u9b6f\u4e94\u5ea7\u4e3b\u8981\u9285\u7926\u6b0a\u76ca\uff0c\u8e8b\u8eab\u5168\u7403\u524d\u4e94\uff0c\u9810\u8a08 2027 \u5e74\u524d\u7522\u91cf\u589e\u9577 10%\uff0c\u4ea4\u6613\u9810\u8a08 2027 \u5e74\u521d\u5b8c\u6210\u3002<\/p>\n

Southern Copper\uff08NYSE: SCCO\uff09<\/a><\/strong> \u662f\u5168\u7403\u6700\u5927\u4e00\u9ad4\u5316\u9285\u751f\u7522\u5546\u4e4b\u4e00\uff0c\u7531 Grupo Mexico \u63a7\u80a1\uff0c\u5728\u58a8\u897f\u54e5\u548c\u79d8\u9b6f\u904b\u71df\u7926\u5c71\uff0c\u70ba\u5168\u7403\u7b2c\u4e8c\u5927\u4e0a\u5e02\u9285\u4f01\u3002\u516c\u53f8\u4ee5\u884c\u696d\u6700\u4f4e\u6210\u672c\u66f2\u7dda\u548c\u4e0a\u5e02\u7926\u4f01\u4e2d\u6700\u5927\u9285\u5132\u91cf\u8457\u7a31\uff0c\u8463\u4e8b\u6703\u5df2\u6279\u51c6\u9805\u76ee\u5c07\u5728 2029 \u5e74\u524d\u589e\u7522 15.6 \u842c\u5678\uff0c2033 \u5e74\u524d\u6f5b\u5728\u518d\u589e 54.5 \u842c\u5678\uff0c\u672a\u4f86\u5341\u5e74\u8cc7\u672c\u958b\u652f\u8a08\u5283\u8d85 $205\u5104\uff0c\u79d8\u9b6f\u8207\u58a8\u897f\u54e5\u9805\u76ee\u5404\u5360\u4e00\u534a\u3002<\/p>\n

Rio Tinto\uff08NYSE: RIO\uff09<\/a><\/strong> \u7e3d\u90e8\u4f4d\u65bc\u82f1\u570b\uff0c\u662f\u591a\u5143\u5316\u5168\u7403\u7926\u4f01\uff0c\u70ba\u5168\u7403\u6700\u5927\u9435\u7926\u77f3\u751f\u7522\u5546\u3001\u5168\u7403\u524d\u5341\u5927\u9285\u7926\u4f01\uff0c2026 \u5e74\u4e0a\u534a\u5e74\u9285\u8ca2\u737b\u5229\u6f64 39%\u3002\u9285\u696d\u52d9\u5305\u62ec\u7336\u4ed6\u5dde Kennecott \u7926\uff0c\u4ee5\u53ca\u8499\u53e4 Oyu Tolgoi \u9285\u91d1\u7926 66% \u6b0a\u76ca \u2014\u2014 \u5f8c\u8005\u9810\u8a08 2030 \u5e74\u6210\u70ba\u5168\u7403\u7b2c\u56db\u5927\u9285\u7926\u3002\u516c\u53f8\u540c\u6642\u5728\u63a8\u9032\u6fb3\u5927\u5229\u4e9e Winu \u9285\u91d1\u7926\u9805\u76ee\uff08\u8207 Sumitomo Metal Mining \u5171\u540c\u958b\u767c\uff09\uff0c\u4e26\u65bc 2026 \u5e74\u8207\u4e9e\u99ac\u905c\u7c3d\u7d04\u70ba\u6578\u64da\u4e2d\u5fc3\u5efa\u8a2d\u4f9b\u61c9\u9285\uff0c\u5c07\u63a1\u7528\u7d30\u83cc\u52a0\u9178\u7684\u65b0\u5de5\u85dd\u8655\u7406\u6b64\u524d\u4e0d\u7d93\u6fdf\u7684\u4f4e\u54c1\u4f4d\u7926\u77f3\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u502b\u6566\u91d1\u5c6c\u4ea4\u6613\u6240\uff08LME\uff09\u9285\u50f9\u9031\u4e94\u4e0a\u6f32 1.6%\uff0c\u6536\u65bc\u6bcf\u5678 $14,540\uff0c\u5168\u5468\u7d2f\u8a08\u4e0a\u6f32 2%\uff0c\u5f9e\u524d\u4e00\u65e5\u7684\u907f\u96aa\u56de […]<\/p>\n","protected":false},"author":27,"featured_media":555981,"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":[1404,671,2606,784],"class_list":["post-668212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","category-2197","tag-1404","tag-671","tag-2606","tag-784","sectors-base-metals-tch","locations-canada-zh-hant","locations--zh-hant","locations-europe-zh-hant","locations-us-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/668212","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=668212"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/668212\/revisions"}],"predecessor-version":[{"id":668215,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/668212\/revisions\/668215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/555981"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=668212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=668212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=668212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}