节点：中游（冶炼、中间品）位置：中游情绪：利空参考度：7/10
全球原生镍市场预计在2026年转为短缺——这是四年来首次供不应求——原因是印尼采矿配额限制收紧了矿石供应，而与中东相关的扰动推高了整个加工链的原料成本。国际镍研究小组（INSG）Ŝ..
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