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

2????95?

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

4?????????????

5???????????

?????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?????????????????,??????????,??????????????????????” ????????????:??????????????????