铂族金属全球产业链:循环视域下的敏感因素及中国应对策略  

The global industrial chain of platinum group metals:sensitive factors and China’s coping strategy from a circular economy perspective

作　　者：黄胜忠 张灿 王春林 孟明亮 张双腾 HUANG Shengzhong;ZHANG Can;WANG Chunlin;MENG Mingliang;ZHANG Shuangteng(School of Management,China University of Mining and Technology-Beijing,Beijing 100083,China;Research Institute of Decision-making Science and Big Data,China University of Mining and Technology-Beijing,Beijing 100083,China;The 7th Geological Brigade of Sichuan,Leshan 614200,China;Yunnan Geology and Mineral Exploration Engineering General Company(Group),Kunming 650041,China;Geological Geophysical and Chemical Exploration Institute of Yunnan Nonferrous Geology Bureau,Kunming 650216,China)

机构地区：[1]中国矿业大学(北京)管理学院,北京100083 [2]中国矿业大学(北京)决策科学与大数据研究院,北京100083 [3]四川省第七地质大队,四川乐山614200 [4]云南省地矿工程勘察集团有限公司,云南昆明650041 [5]云南省有色地质局地质地球物理化学勘查院,云南昆明650216

出　　处：《中国矿业》2025年第2期476-492,共17页China Mining Magazine

基　　金：教育部人文社会科学研究规划基金项目资助(编号:20YJA790030)。

摘　　要：铂族金属是我国极其匮乏的战略性关键矿产,全球集中度高,如何保障我国铂族金属矿产资源安全是一项重要的现实议题。基于从地下资源到地上资源的循环视域,从地质赋存、工业应用、金融属性三个角度梳理了铂族金属全球产业链之间的复杂关联,识别其中的主要敏感因素,并探讨了资源政策、技术进步和投资市场对铂族金属全球产业链网络的影响。研究结果表明:铂族金属的地下资源集中且有限,地上资源寡头特征明显;铂族金属的工业价值体现在从地上资源到城市矿产的扩散过程中,产业网络庞大且复杂,但城市矿产的集中也有利于含铂废料的回收循环;在金融投资领域,铂族金属在从地上资源到交易机构过程中,价格波动在跌宕中具有一定确定性,其价格驱动因素来自于持久的供需紧平衡;铂族金属地下资源的勘探开发,未来将聚焦于新地质构造或新成矿理论,而地上资源的循环回收经济除了着眼于工程技术问题,还应关注资源循环回收的绿色流程和城市矿产的废料管理。铂族金属因其独特的物化属性和广泛的应用场景,未来从地下资源的勘探开发到地上资源的循环回收是支撑其产业繁荣的关键,为此提出保障我国铂族金属资源安全的启示与对策,强调除了完善城市矿产管理和资源循环利用,还应从关注地下资源转向重视地上资源的循环利用,以及摆脱并打破铂族金属全球产业链中寡头控制的“茧房效应”。Platinum group metals(PGMs)are strategic critical minerals characterized by their scarcity in China and significant global concentration.Ensuring the security of PGMs resources in China presents a critical and complex challenge.This paper adopts a cyclical perspective,encompassing both underground and above-ground resources,to examine the intricate global industrial chain of PGMs.Through an analysis of geological endowment,industrial applications,and financial attributes,the research identifies key sensitive factors and explores the influence of resource policies,technological advancements,and investment markets on the global PGMs industrial network.The findings indicate that the underground resources of PGMs are highly concentrated and limited,with above-ground resources dominated by a few entities,highlighting a clear oligopolistic control.The industrial value of PGMs extends through the transition from underground resources to urban minerals,creating a vast and complex industrial network.However,the concentration of urban minerals also facilitates the recycling of platinum-containing waste.In the financial sector,PGMs prices exhibit notable volatility during their transition from above-ground resources to trading platforms,driven primarily by the persistent tight balance between supply and demand.Future exploration and development of underground resources of PGMs will likely focus on new geological formations and metallogenic theories,while the economic efficiency of recycling above-ground resources will require not only engineering solutions,but also on the green process of resource recycling and the management of urban mineral wastes.Overall,the unique physical and chemical properties of PGMs,coupled with their diverse application scenarios,underscore the importance of both resource exploration and recycling for sustaining industrial growth.The study stressing that in addition to improving the management of urban minerals and the recycling of resources,it should also need to shift focus from solely undergrou

关 键 词：铂族金属 产业链 循环经济 战略性关键矿产 资源安全 

分 类 号：TD-9[矿业工程]