????:1?????????:??????????

2?????9598???

3???????????

4?????

5??????SPA???

??????????????7?????3%,??????????????

??????????????9????????????,???????????0.8?????????105??,??????????????,??,???????????????????

???????????

?????????????7??????????1%??????????????,???????18????????????,5???????????7280??????????

???????????,????,??????????,???????????2023???????,???723??????????????

???????????????(Ole Hansen)??????????????:“???,???,??????????????,??”

???Exinity????(Han Tan)?????????,“?????????????????????,???”

????????????,???????????,???????2010???????,???7800????,???????Metals Daily?(Ross Norman)??????????????,???,?????????????????1000??“?????????,??????????”???????????

???,??????????????????????(IMF)?????????,?????????????????????3?????????????????4.448????????236.610?????????????;?????2????????????3.079????????????145.661???????????????(Adam Glapinski)????????,????????????????????5???,????????????

??????????????

????????????????,?????????,??????????????????????????2022???????????????????3???,???????15%,??????,??????????

??,?????????5?????,9??????????????6??????,???????????????6??????????????,10????10??5%????70????????

???????????????????ADP???????????????????????????,5???27.2????,???????4??0.2%????????????0.4%,?????????4.1%????????,3.0%~3.5%??2%??????????????????

??9??????????????????,9?????50%?????????????????????????????????,???????????2%????,??,????????????????

????????,???????????7????11??????????????????,????7????????????????(Michael Feroli)????,“7?????????????????????9?????????????,???,???????????????,???????11?????”

LPL???????????????(Quencey Krosby)??????????,?????????????,????????????,??????????????????????????,“???9??????????,???????????,??????” ????:???