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中金：钽铌行业供需格局重塑 战略价值重估_我的网站

一 |     　　中金：钽铌行业供需格局重塑战略价值重估     人民财讯8月26日电，中金公司研报称，钽铌行业供给脆弱性突出、外部扰动风险加剧，AI、新能源、商业航天等战略新兴领域催生新需求，供需趋紧与地缘博弈有望驱动价格中枢上移。    

    Members of a Macao media delegation visit a flower exhibition hall in Kunming, southwest China's Yunnan Province, Aug. 23, 2026. The Macao media delegation is on a visit to Kunming, Dali, and Lijiang in Yunnan Province from Aug. 21 to 27. The visit aims to strengthen exchanges and cooperation between Yunnan and Macao media. (Xinhua/Wang Guansen)
    Members of a Macao media delegation visit the former site of the National Southwest Associated University at Yunnan Normal University in Kunming, southwest China's Yunnan Province, Aug. 22, 2026. The Macao media delegation is on a visit to Kunming, Dali, and Lijiang in Yunnan Province from Aug. 21 to 27. The visit aims to strengthen exchanges and cooperation between Yunnan and Macao media. (Xinhua/Wang Guansen)
    Members of a Macao media delegation visit the Historical Museum of Yunnan Military Academy in Kunming, southwest China's Yunnan Province, Aug. 22, 2026. The Macao media delegation is on a visit to Kunming, Dali, and Lijiang in Yunnan Province from Aug. 21 to 27. The visit aims to strengthen exchanges and cooperation between Yunnan and Macao media. (Xinhua/Wang Guansen)
。在行业竞争格局深刻变化背景下，钽铌行业的全产业链一体化具有重大战略意义，上游资源有保障、中游产能有扩张、下游技术有壁垒的企业有望显著受益。    。

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