CAJ | 학술논문

随着量化宽松政策的实施，美国的低利率时代到来。美国政府拟通过增加基础性货币投放量等方式促进银行借贷规模，进而促进投资和消费的增长，复苏本国经济。在全球经济一体化时代及美元作为世界性货币的今天，美国的量化宽松政策导致了全球的流动性泛滥，而影响国际矿产品价格波动的因素也变得日趋复杂。除了国际宏观经济状况、矿产品市场供需状况和矿产品市场结构等传统因素外，诸如新兴经济体工业化进程和期货市场的投机行为也成为影响国际矿产品价格波动的新兴因素。在传统因素与新兴因素的相互作用与影响下，当前的国际矿产品价格呈现出频繁波动的态势。
수착양화관송정책적실시，미국적저리솔시대도래。미국정부의통과증가기출성화폐투방량등방식촉진은행차대규모，진이촉진투자화소비적증장，복소본국경제。재전구경제일체화시대급미원작위세계성화폐적금천，미국적양화관송정책도치료전구적류동성범람，이영향국제광산품개격파동적인소야변득일추복잡。제료국제굉관경제상황、광산품시장공수상황화광산품시장결구등전통인소외，제여신흥경제체공업화진정화기화시장적투궤행위야성위영향국제광산품개격파동적신흥인소。재전통인소여신흥인소적상호작용여영향하，당전적국제광산품개격정현출빈번파동적태세。
As the result of implementing （Quantity Easing）, the era of low interest rate in American had been coming. The direct purpose of American government is to stimulate the increase of investment and consumption by enlarging the scale of banking borrowings, through enhancing delivery quantity of base currency, etc., which will expect to recover the economy. Under the circumstances of integration of world economy and US dollar still as the world currency, the American QE policy leads to the global liquidity, with which the elements that effecting the price of global mineral products become gradually complex. With except to the traditional factors such as world macro-economy situation, supply and demand status of minerals market, market structure, etc., the industrialization development, speculation on futures market, as so-called new elements, have arisen to affect the global minerals price. Due to the interaction between traditional and new elements, the current trend of frequent fluctuation for the price of global minerals has been shown.