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

2???????????

3?????vx

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