上游矿产企业盈利弹性显著释放，以章源钨业为例，每吨钨精矿成本约7万元，当前价格13.8万元/吨，毛利率从45%飙升至68%，净利润对钨价敏感系数达1.8（价格涨10%，净利增18%）。资源储量价值需重新计算，每万吨钨储量对应市值从50亿升至80亿。
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“I do not consider ourselves a French company. I consider ourselves a global company,” she said. Most of her executive team is U.S.-based, while engineering remains concentrated in France—a talent base she describes as a “secret weapon.”
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