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《大行》花旗:中國巨型水電項目提振宏觀樂觀情緒 短期金屬需求增長仍有限
花旗表示,中國在西藏投資1.2萬億元人民幣的雅魯藏布江水電項目標誌著一項具有宏觀影響的重大基礎設施建設,並提振宏觀樂觀情緒。儘管該項目預計將強化長距離輸電基礎設施(特別是特高壓線路)的需求,但由於建設週期較長,短期金屬需求增長仍有限。即便如此,該行的基準情景預測,若經濟增長動能減弱,可能會宣布更多「兩個重大項目」,且項目可能傾向於能源轉型或新生產力領域,這些領域在結構上比鋼鐵密集型的傳統刺激措施更依賴銅和鋁。
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