A data center is a building or part of a building containing computers and networking devices that support the business units and the IT infrastructure of a company/organization. With the increase in data generation and accumulation, almost every type of industry and organization relies on data centers for storing and accessing information or data pertaining to their business operations. This information is usually very crucial to their daily operations as well as act as key resources for their strategy development. Hence, data centers are highly valued in today’s businesses especially for its four crucial benefits in data management i.e., 24/7 backend support, risk mitigation, cost reduction, and security. These data centers require a continuous power supply for operations, and due to the high-power requirements, data centers also release carbon emissions. Carbon neutral data center, on the other hand, is a data center that release negligible to zero carbon emissions. According to the International Energy Agency (IEA), the data centers consume almost 250 TWh of electricity, which was almost 1% of the total electricity consumed globally, in 2019. This power is sourced majorly from non-renewable energy sources significantly mitigating greenhouse emissions and global warming.

淡季涨价超预期，政策调控欲“增供稳价”。据期货日报报道，4 月7 日上午，国家发改委经济运行局召集能源局煤炭司，国铁集团货运部，相关央企召开会议，争对近期煤价超预期上涨提出七条措施“增供稳价”，随后煤价调转回落，但我们认为煤价回落更多是在情绪影响下导致前期低成本集港资源出货兑现利润。上述“增供稳价”措施的实际效果有待观察，预计煤价在经过短暂回调后将重拾涨势，剑指千元大关。

继上周五美国非农数据表现大超预期后，2月消费者信誉亦超预期，经济数据表现强筋，市场乐观情绪升温，美元指数持续下跌，利好工业金属，碳中和持续发酵，目前宽松的流动性环境，消费旺季即将到来，工业金属具备上行动力。新能源行业持续向好，推动有色金属上涨。

复苏交易推升全球风险溢价。强烈建议继续把握市场分歧状态下的黄金资产配置机会。需求支撑下锂价强势运行。需求旺季支撑高钢价和利润。建议关注 4 月 12 日当周，消息层面美联储众官员讲话及美联储经济状况褐皮书的公布， 数据方面需关注中国一季度 GDP、零售及工业增加值等经济数据，美国通胀及零售销售 等数据对市场情绪的影响。

20 年锂矿复苏态势确立，精矿库存保持稳定。全球锂精矿散单稀少，大订单只剩融捷一家。锂精矿价格存在 3-6 月滞后性，目前合理价位中枢位于 775 美元/吨。精矿价格上行有望推动上游矿山资源复产。锂价周期底部持续补库，21 年 H1 锂盐厂业绩或超预期。