The World Will Need to Produce Five Million Metric Tons of Copper

到2030年全球铜需求将达到500万吨

—by 2030. That’s according to a forecast by one analyst at Banyan Hill Research. It’s about 2.5 times more than what the industry will produce this year. Why so much? It’s to meet projected demand from the electric-vehicle industry. And according to one analyst at Banyan Hill Research, that strong demand should support higher prices.

这是Banyan Hill Research分析师的预测。500万吨是该领域今年预期产量的2.5倍。为什么需要这么多铜？这是为了满足电动汽车行业的预期需求。Banyan Hill Research的分析师称，强劲的需求应该会给铜价上涨带来支撑。

Copper settled at a two-year low earlier this month. The price decline reflects investors’ worries about muted economic growth and the trade dispute between the U.S. and China. 

本月早些时候铜价跌至两年低点。价格下跌反映出投资者对经济增长缓慢以及中美之间贸易争端的担忧。

But supplies of the metal have been tightening, so analysts think commodities traders could overcome their concerns about the economy, prompting higher prices.

但铜的供应量一直吃紧，因此分析师认为大宗商品交易员应该看到除了经济引发的担忧以外的因素，进而推高铜价。

$51 Billion Worth of Second-Hand Goods Will Be Sold

—by 2023. 

到2023年二手商品销售额将达510亿美元

That’s according to researcher GlobalData. The sale of secondhand goods—or re-commerce—currently accounts for a tiny fraction of the $3.8 trillion of U.S. retail sales. 

根据研究公司GlobalData得出的数字。二手商品（或称二手商务）的销售额目前只占美国3.8万亿美元零售额的一小部分。

But it’s growing fast. Shoppers ages 18 to 37 are driving the shift. The report predicts that a third of Generation Z and more than a quarter of millennials will make second-hand purchases this year.

但该领域正在快速增长。年龄在18到37岁之间的购物者正在推动这一转变。该报告预测，今年将有三分之一的Z世代和超过四分之一的千禧一代购买二手商品。

The shift toward second-hand goods would be welcome news for the environment: Consumers on average buy 60% more clothing today than they did 15 years ago, but keep the items only half as long, according to McKinsey.

购物者转向二手商品对于商业环境来说将是一个受欢迎的好消息：麦肯锡(McKinsey)的数据显示，和15年前相比，如今平均每个消费者购买服装的数量增加了60％，但保留这些商品的时间只有过去的一半。

The 30-Year U.S. Treasury Breached The Yield Threshold of 2.0%

—last week, for the first time ever.

上周30年期美国国债收益率有史以来首次跌破2.0％关口

It was a new record low for the long-dated Treasury, in the midst of a tumultuous week. Bond prices surged as the stock market sank amid concern over escalating tensions between the U.S. and China and signs of economic weakness in Europe.

这是30年期美国国债收益率触及的历史新低，主要受上周市场剧烈波动的影响。由于市场对中美之间的紧张局势升级以及欧洲经济出现疲软迹象感到担忧，债券价格飙升。

Treasuries aren’t the only government bonds that have experienced a striking rally lately, either; yields have plummeted on debt issued by European countries and Japan too—because of their perceived safety.

美国国债也并非价格最近出现大幅上涨的唯一一只政府债券，欧洲一些国家的国债和日本国债收益率也大幅下降，因此这类债券被视为避险资产。

《Numbers》是巴伦推出的一档时长两分钟的播客栏目，从周一到周五每日早间为听众精选三个数据进行解读。

翻译 | Anqi

版权声明：

《巴伦》(barronschina) 原创文章，未经许可，不得转载。英文版见2019年8月17日报道“An 11% Drop for GE Stock, and Two More Numbers to Know”。

（本文内容仅供参考，投资建议不代表《巴伦》倾向；市场有风险，投资须谨慎。）