金融化背景下国际铁矿石巨头垄断利润研究  

Study on the monopoly profits of international iron ore magnate in the background of financial capital

作　　者：洪水峰[1,2] 张亚 HONG Shuifeng;ZHANG Ya(School of Economics and Management,China University of Geosciences (Wuhan),Wuhan 430074,China;Research Center of Resource and Environment Economics, China University of Geosciences (Wuhan),Wuhan 430074,China)

机构地区：[1]中国地质大学(武汉)经济管理学院,湖北武汉430074 [2]中国地质大学(武汉)资源环境经济研究中心,湖北武汉430074

出　　处：《中国矿业》2019年第3期8-13,27,共7页China Mining Magazine

基　　金：中国地质调查局发展研究中心项目资助(编号:20180235);中国地质大学(武汉)资源环境经济研究中心项目资助(编号:H2017017B)

摘　　要：本文通过对四大矿商(淡水河谷(Vale)、力拓(Tio Tinto)、必和必拓(BHP)和FMG集团)垄断地位优势的来源和金融投资机构的交叉持股等进行分析,探讨金融资本在铁矿石国际贸易市场中的影响机理,剖析了四大矿商获取高额利润的根因。结果表明:四大矿商在开采阶段,凭借储量、品位、开采成本等优势,垄断国际市场产量,获取垄断利润;在商品定价阶段,通过与金融投资机构交叉持股,结成了利益的共同体,操纵国际铁矿石价格的波动,获取高额利润。我国铁矿石期货国际化推出,将有助于引导铁矿石行业相关资本在全球范围内流通配置,提高避险效率。In order to inquire into the influence mechanism of financial capital in the international trading market and dissect the primary cause of the huge profits earned by the four major miners (Vale,Rio Tinto,BHP and FMG),this paper has probed analytically into the dominant position of the four-major-miners,the cross-shareholdings of financial institutions,and so on.To make a summary,during the production phase,the four major miners have monopolized the yields of international market and harvested monopoly profits through their predominant storage volume,superior taste,low exploration cost,and etcetera;during the stage of pricing commodities,they have manipulated the international price of iron ore and reaped a huge amount of profit through cross-shareholding with financial institutions and the forming a community of share interest.The internationalization of China s iron ore will not only help lead the capital circulation and settlement of related iron ore industries,but also improve hedging effectiveness.

关 键 词：铁矿石 垄断利润 交叉持股 金融资本 

分 类 号：F416.1[经济管理—产业经济]