人民财讯1月16日电，北方稀土（600111）1月16日公告，预计2025年度实现归属于母公司所有者的净利 润21.76亿元到23.56亿元，同比增加116.67%到134.60%。 报告期内，公司加大市场开拓，近年来首次实现镧铈产品年度销大于产，镧铈产品库存消化成效显著； 公司冶炼分离、稀土金属、稀土功能材料、稀土永磁电机等主要产品产销量同比实现不同幅度增长。 ...

证券代码：600111 证券简称：北方稀土 公告编号：2026-002 中国北方稀土（集团）高科技股份有限公司 2025 年度业绩预增公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●本次业绩预告适用情形：实现盈利，且净利润与上年同期相比 上升 50%以上。 ●经中国北方稀土（集团）高科技股份有限公司（以下简称公司） 财务部门初步测算，预计 2025 年度实现归属于母公司所有者的净利润 217,600 万元到 235,600 万元，与上年同期（法定披露数据）相比，将 增加 117,200 万元到 135,200 万元，同比增加 116.67%到 134.60%。 预计 2025 年度实现归属于母公司所有者的扣除非经常性损益的净 利润 196,000 万元到 214,000 万元，与上年同期（法定披露数据）相 比，将增加105,900万元到123,900万元，同比增加117.46%到137.43%。 ●本次业绩预告数据仅为初步核算数据，具体准确的财务数据以 公司正式披露的 2025 年度报告为准。公司指定的 ...

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 北方稀土公告，预计2025年度实现归属于母公司所有者的净利润21.76亿元到23.56亿元，与上年同期相 比，将增加11.72亿元到13.52亿元，同比增加116.67%到134.60%。预计2025年度实现归属于母公司所有 者的扣除非经常性损益的净利润19.6亿元到21.4亿元，与上年同期相比，将增加10.59亿元到12.39亿元， 同比增加117.46%到137.43%。 风险提示及免责条款 ...

每经AI快讯，1月16日，北方稀土（600111）(600111.SH)发布2025年度业绩预告，预计归属于上市公司 股东的净利润为21.76亿元~23.56亿元，与上年同期相比增加116.67%到134.60%。报告期内，公司紧抓 市场节奏，强化全面预算管理，推进降本提质增效，主要产品产销量同比实现增长。同时加快重点项目 建设，推动产业链升级，科研创新成果转化加速，核心竞争力和价值创造能力增强，带动经营业绩大幅 增长。 ...

Group 1 - The core viewpoint of the news highlights the positive performance of the rare earth sector, with the China Rare Earth Industry Index rising by 0.28% and several key stocks showing significant gains, such as Xiamen Tungsten rising by 5.35% [1] - The market regulatory authority has approved a series of national standards aimed at supporting the development of emerging fields, including standards for industrial internet platforms and digital supply chains, which will enhance the resilience of the industry chain [1] - The first quarter price of rare earth concentrate announced by Baotou Steel is 26,834 yuan/ton excluding tax, with a price adjustment of 536.68 yuan/ton for every 1% change in REO content, indicating a structured pricing mechanism in the rare earth market [2] Group 2 - The top ten weighted stocks in the China Rare Earth Industry Index account for 60.4% of the index, with notable companies including Northern Rare Earth, Jin Feng Technology, and Baotou Steel, reflecting the concentration of market power within a few key players [2] - The rare earth ETF managed by Harvest closely tracks the China Rare Earth Industry Index, providing a convenient investment tool for exposure to the domestic rare earth industry chain [3] - Investors can also access rare earth investment opportunities through the Harvest Rare Earth ETF linked fund, further facilitating investment in this sector [4]

冲击6连涨！今日（1月16日）有色金属板块继续保持强势上攻的势头！板块热门ETF——有色ETF华宝 （159876）场内涨幅盘中上探2.2%，现涨1.41%，继续刷新上市以来的高点！ 伴随火热的行情，资金积极抢筹！截至发稿，有色ETF华宝（159876）获资金实时净申购5040万份，此 前10日连续获资金净流入，合计狂揽4.73亿元！ 消息面上，铜资源争夺加剧！矿业巨头力拓将向亚马逊AI数据中心供应铜。国信证券指出，在AI、电 力、新能源等新兴需求崛起之下，有色金属有望在2026年延续亮眼表现。同时国内启动"反内卷"规范行 业竞争，战略资源品出口管制强化资源价值。 中国银河证券认为，铜价依然有较大上行空间。其一，虽铜价已屡创新高，但根据历史复盘结果，剔除 通胀因素之后的铜价尚未达到前几轮超级周期的高度。其二，国际货币秩序正在重塑，美元作为大类资 产价格锚的基础正在弱化，如果以黄金作为标尺，当前铜金比价仍然处在历史低位。 中国银河证券建议把握"AI飞跃+百年变局"共振下的铜超级周期。回顾历史，每一轮超级铜周期都对应 一段清晰而强大的宏观叙事，而本轮周期同时叠加了"AI科技革命"与"全球秩序重塑"两大长期逻辑， ...

Core Viewpoint - The announcement by Lynas Corporation regarding the commercial production of dysprosium in May 2025 is perceived as a significant step towards reducing dependence on Chinese rare earths, but the reality reveals a substantial gap in production scale and cost efficiency compared to China [1][3][5]. Production Capacity Discrepancy - Lynas plans to produce 1,500 tons of dysprosium annually, while China's production consistently ranges from 10,000 to 15,000 tons [5][13]. - The export price of Chinese dysprosium is approximately $4 to $7 per kilogram, whereas Lynas's cost is between $10 to $15 per kilogram, highlighting a significant cost disparity [5][7]. Technological and Operational Challenges - Lynas's production capabilities are still at a laboratory level, leading to higher costs and inefficiencies compared to China's well-established industrial processes [7][9]. - The lack of a complete production chain and low efficiency in Lynas's operations raises doubts about its ability to compete effectively in the market [9][11]. Equipment Export Restrictions - Since 2023, China has ceased exporting critical equipment and technology for rare earth separation and magnet production, creating a significant barrier for Western companies attempting to develop their own capabilities [15][17]. - The "0.1% long-arm jurisdiction" rule implemented by China further restricts Western access to technology, as any product containing even a small percentage of Chinese rare earths is subject to export controls [17][19]. Dependency on Chinese Supply - The U.S. and other Western nations are heavily reliant on Chinese rare earths, with 17 out of 50 critical rare earth elements being highly dependent on Chinese supply [19][21]. - The inability to source essential materials for advanced manufacturing, such as the F-35 fighter jet, underscores the critical nature of this dependency [26][28]. Historical Context and Future Outlook - Historical shifts in rare earth production, such as Japan's transition to China due to high environmental costs, illustrate the challenges Western nations face in attempting to rebuild their own supply chains [31][33]. - Lynas's current production levels are insufficient to meet the demands of global high-end manufacturing, indicating that the Western push for self-sufficiency in rare earths is overly optimistic [13][35]. Conclusion - The perceived breakthroughs by Lynas are more reflective of Western anxieties about dependency on China rather than a genuine shift in the global rare earth landscape, suggesting that the industry will continue to rely on China for the foreseeable future [36][37].

Core Viewpoint - The non-ferrous metal sector is experiencing a significant market transformation, with strong price increases across various metals, making it a focal point for investment in 2026 [3][26]. Group 1: Market Performance - Non-ferrous metals have shown a strong upward trend in both futures and stock markets, with the non-ferrous mining ETF rising 14.88% in the first nine trading days of 2026 [1][3]. - From mid-2025, metals like aluminum, cobalt, lithium, and rare earths entered a super-upward cycle, with tin futures prices soaring from 261,400 CNY/ton to 443,400 CNY/ton, a nearly 70% increase [4][10]. - In 2025, cobalt and silver prices increased by 173% and 148% respectively, while gold rose by 59.27% [7][8]. Group 2: Price Trends - The price of lithium carbonate futures surged to 174,000 CNY/ton, nearly three times the price in Q2 2025 [8]. - Key industrial metals like copper and aluminum also saw significant price increases, with copper futures rising from 78,000 CNY/ton to 105,600 CNY/ton [10]. - The price of tungsten increased from 122,000 CNY/ton to 455,000 CNY/ton, marking a 272% rise [10]. Group 3: Supply and Demand Dynamics - Geopolitical factors, such as the ongoing Russia-Ukraine conflict, have increased demand for gold as a strategic reserve, with central banks globally increasing their gold holdings [10][11]. - Supply disruptions in metals like copper and tin due to mining accidents and export restrictions have contributed to a widening supply-demand gap [11][21]. - Historical data indicates a strong correlation between precious metals and interest rate cuts, suggesting that monetary easing periods lead to increased prices for both precious and industrial metals [11][12]. Group 4: Investment Trends - The global gold ETF holdings increased significantly in 2025, with a total of 3,985.94 tons, marking the second-largest annual increase since 2004 [14]. - Non-ferrous themed ETFs saw a net subscription of over 51 billion CNY in 2025, with total assets growing nearly ninefold [16]. - Major non-ferrous companies like Zijin Mining and Luoyang Molybdenum reported substantial profit increases, with Zijin's net profit growing by 55.45% year-on-year [20][21]. Group 5: Future Outlook - The non-ferrous metal sector is expected to continue its strong performance due to macroeconomic liquidity, geopolitical tensions, and robust demand from industries like renewable energy and electric vehicles [26]. - The non-ferrous mining ETF is positioned to benefit from rising metal prices, with a historical performance showing significant price elasticity compared to the underlying commodities [23][25].

Core Viewpoint - The Shanghai Composite Index fell by 0.33% on January 15, with 11 industries rising, led by electronics and basic chemicals, which increased by 1.67% and 1.40% respectively. The non-ferrous metals industry ranked third in terms of gains, while the comprehensive and defense industries saw the largest declines of 3.35% and 2.80% respectively [1]. Industry Summary Non-Ferrous Metals Industry - The non-ferrous metals industry rose by 1.37%, with a net inflow of 1.936 billion yuan. Out of 138 stocks in this sector, 108 increased in value, with 4 hitting the daily limit, while 29 declined. A total of 80 stocks experienced net inflows, with 13 stocks seeing inflows exceeding 100 million yuan. The top inflow was from Huayou Cobalt, which received 772 million yuan, followed by Ganfeng Lithium and Northern Rare Earth with inflows of 554 million yuan and 379 million yuan respectively [2]. - The stocks with the largest net outflows included Zijin Mining, Hunan Silver, and Xingye Silver Tin, with outflows of 733 million yuan, 542 million yuan, and 309 million yuan respectively [2]. Fund Flow Analysis - The top stocks in the non-ferrous metals industry by net inflow included: - Huayou Cobalt: +7.06%, turnover rate 5.80%, net inflow 772.03 million yuan - Ganfeng Lithium: +4.26%, turnover rate 7.13%, net inflow 554.29 million yuan - Northern Rare Earth: +1.20%, turnover rate 3.10%, net inflow 379.34 million yuan [3]. - The stocks with the largest net outflows included: - Zijin Mining: -0.65%, turnover rate 1.87%, net outflow 733.09 million yuan - Hunan Silver: +6.25%, turnover rate 25.54%, net outflow 541.94 million yuan - Xingye Silver Tin: -1.05%, turnover rate 6.54%, net outflow 309.11 million yuan [4].

证券日报网讯1月15日，北方稀土（600111）在互动平台回答投资者提问时表示，截至2026年1月10日公 司的股东总数为667157户。 ...