外媒与科技媒体长文、研究号文章
Mary Lovely, Senior Fellow at PIIE, says China’s dominance in rare earth production gives Beijing significant leverage in trade issues with the US. She speaks with Stephen Engle on the sidelines of the Bund Summit in Shanghai. (Source: Bloomberg)
The short-lived White House press secretary was listed as an adviser to a Kristi Noem–linked company that aims to use AI for mining. Both the company and she say she never worked there.
An Indigenous community in Peru is proposing to buy part of a copper concession from MMG Ltd. and turn thousands of artisanal miners operating there into formal suppliers to the Chinese-owned company.
Project Vault计划选出首批十多家美国制造商，为其提供最高10亿美元贷款，帮助采购关键材料。Project Vault是由美国政府支持的关键矿产储备项目。
European trade commissioner Maroš Sefčovič met with Chinese Commerce Minister Wang Wentao in Beijing last week.
Last month Trump signed an agreement with the leaders of Denmark and Greenland to strengthen security in the Arctic and North Atlantic.
逾十家美国公司正在探索马来西亚稀土产业的机会。华盛顿寻求分散关键矿产供应来源，减少对中国的依赖。
Giraffe Bio 获得 640 万美元种子轮融资，用于帮助矿商提取更多铜。材料称，AI 数据中心和电动汽车正在推高铜需求。
Malaysia’s King Sultan Ibrahim Iskandar bought a stake in local miner Southern Alliance Mining Ltd for S$6.1 million ($4.8 million), the company said in a statement.
欧盟宣布支持46个新的战略项目，以加快欧盟范围内关键原材料供应，目标时间为2030年。项目包括锂和稀土工厂；欧盟工业委员Stéphane Séjourné称，此举旨在应对与中国之间迫近的潜在贸易危机。
Hertha Metals has developed a way to produce high-purity iron needed for rare earth magnets
卢旺达钨矿商 Trinity Metals 正与潜在顾问和投资者洽谈，考虑在美国进行首次公开募股。钨价上涨支撑了该公司扩大产量的计划。
中国钨储量约占全球53.2%，但2026年上半年国内钨精矿产量同比下降14.75%；文章梳理了开采总量控制、矿山生产约束及海外增量有限等供给因素。需求端，硬质合金占国内钨需求约60.4%，AI服务器PCB钻针、六氟化钨和光伏钨丝被列为结构性需求来源；文中援引研报预测，2026至2028年国内钨供需紧平衡格局有望延续。
推荐理由：文章将钨精矿开采指标、合规矿山产能约束与海外增量放在一起，解释储量占全球53.2%与产量收缩并存的供给口径。
文章提出，供应安全定价正在改变关键矿产的价格形成机制，传统供需平衡表和成本曲线已不足以解释部分价格与区域溢价。作者将安全溢价归纳为资源国行政约束、战略买家非价格弹性需求和中游加工瓶颈三条传导路径，并以稀土、铜、锂和镍说明不同矿种的差异。文章还讨论了区域价差、库存管理及矿业资产估值中司法管辖区风险、合规成本和加工配套能力等变量。
中国历经数十年在稀土开采、加工和磁体制造领域建立主导地位，使美国依赖海外供应链。MP Materials正尝试从加州Mountain Pass矿山拓展至精炼环节，重建美国本土稀土产业链。美国仍面临成本较高、加工能力有限、定价不透明等难题，业内专家称中国的领先优势约耗时25年建立。
他们不制定价格，但价格的形成，绕不开他们的资源、物流与交易。
Bolivia quiere aprovechar la fiebre global por los minerales críticos, pero Paz enfrenta un obstáculo formidable: unos 500.000 mineros que pueden complicar sus planes para transformar el sector. (Source: Bloomberg)
Nordic Compass, a competitiveness-focused business alliance, is considering branching out into critical raw materials to build up the region’s capacity to process minerals needed by European industry.