Core Viewpoint - The company has signed a strategic cooperation agreement with Xian Dao Group to enhance the core competitiveness of rare and scattered metals and promote the green and sustainable development of the industry [1] Group 1 - The agreement aims to strengthen the overall innovation capability of the rare and scattered metals industry [1] - The cooperation is expected to facilitate the transformation of resource advantages into industrial and market advantages [1] - The initiative is focused on optimizing and strengthening the rare and scattered metals industry chain [1]

Core Viewpoint - The signing of the strategic cooperation agreement between the company and Xian Dao Group aims to enhance the core competitiveness of rare and scattered metals and promote the green and sustainable development of the rare and scattered metals industry [1] Group 1 - The agreement is expected to strengthen the overall innovation capability of the rare and scattered metals industry [1] - It will facilitate the transformation of resource advantages into industrial and market advantages [1] - The initiative aims to optimize and strengthen the rare and scattered metals industry chain [1]

Core Viewpoint - The rare earth market is experiencing a price increase for mainstream products, driven by tight raw material inventory and steady demand from downstream sectors [1] Price Trends - Praseodymium and neodymium oxide average price is 679,300 CNY/ton, up 7,400 CNY/ton - Praseodymium and neodymium metal average price is 818,800 CNY/ton, up 2,800 CNY/ton - Dysprosium oxide average price is 1,457,500 CNY/ton, up 16,000 CNY/ton - Terbium oxide average price is 6,308,800 CNY/ton, up 66,300 CNY/ton [1] Market Dynamics - The praseodymium-neodymium market continues to maintain an upward trend, although transaction volume has slowed down due to cautious purchasing from downstream enterprises [1] - The dysprosium and terbium market shows high activity, with some high-priced transactions raising market expectations [1] - Overall, the market is expected to stabilize in the near term due to significant price fluctuations leading to cautious procurement behavior from downstream companies [1] A-Share Market Performance - Notable performance of rare earth permanent magnet concept stocks on January 15, 2026: - Tongcheng New Materials (603650) latest price: 59.96 CNY, change: +10.02%, turnover: 224 million CNY - China Rare Earth (600259) latest price: 74.74 CNY, change: +4.04%, turnover: 1.346 billion CNY - Greenme (002340) latest price: 8.94 CNY, change: +2.88%, turnover: 363 million CNY - Hengdian East Magnetic (002056) latest price: 20.55 CNY, change: +2.85%, turnover: 91.3 million CNY - Xiamen Tungsten (600549) latest price: 51.92 CNY, change: +2.85%, turnover: 290 million CNY [1]

Core Viewpoint - The strategic cooperation agreement between Zhong Rare Metals and Xian Dao Group aims to enhance the core competitiveness of rare and scattered metals and promote sustainable development in the industry [1][2]. Group 1: Cooperation Areas - Both parties will leverage their advantages in the rare and scattered metals field to achieve resource sharing, technical complementarity, and market expansion, focusing on resource security and product development [1][2]. - There will be increased investment in technology research and development, talent exchange, and integration of R&D resources to tackle key industry challenges and accelerate the development of high-end materials [1][2]. - Joint market expansion strategies will be developed to integrate market resources and increase market share, particularly in emerging fields such as semiconductors, optoelectronics, and new energy [2]. Group 2: Industry Integration and Innovation - The cooperation will promote upstream and downstream integration of the industry chain, optimizing the industrial layout for collaborative development and creating a mutually beneficial ecosystem [2]. - There are plans to explore the establishment of a frontier innovation center for rare and scattered metals, gathering resources to create a world-class research center and platforms for industry integration [2]. - The collaboration aims to effectively connect the innovation chain with the industrial chain, enhancing the overall innovation capability of the rare and scattered metals industry [2].

证券简称：中稀有色 证券代码：600259 公告编号：临 2026-004 中稀有色金属股份有限公司 关于签署战略合作协议的公告 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： 履约的风险与不确定性：中稀有色金属股份有限公司（以下简称 "公司"或"甲方"）与先导科技集团有限公司（以下简称"先导集团" 或"乙方"）于 2026 年 1 月 14 日签署了《战略合作协议》（以下简称 "本协议"）。本协议为框架性协议，不涉及双方具体权利义务内容及 责任。相关具体的合作项目，由双方根据该项目的实际情况另行签订具 体合作协议。具体合作事项及实施进展存在不确定性，敬请广大投资者 注意投资风险。 对公司当年业绩的影响：本协议的签署有利于强化提升稀有稀散 金属行业整体创新能力，促进资源优势转化为产业优势、市场优势，做 优做强稀有稀散金属产业链。在具体合作协议生效及执行前，本协议的 履行不会对公司本年度的经营业绩产生重大影响。本次合作不会导致公 司主营业务、经营范围发生重大变化，对公司独立性没有影响，不存在 损害公司及股东利益 ...

Core Viewpoint - The strategic cooperation agreement between Zhong Rare Metals and Xian Dao Group aims to enhance the core competitiveness of rare and scarce metals and promote sustainable development in the industry [1][2]. Group 1: Cooperation Areas - Both parties will leverage their advantages in the rare and scarce metals sector to achieve resource sharing, technical complementarity, and market expansion, focusing on resource security and product development [1][2]. - There will be increased investment in technology research and development, talent exchange, and integration of R&D resources to tackle key industry challenges and accelerate the development of high-end materials [1][2]. - Joint market expansion strategies will be developed to integrate market resources and increase market share, particularly in emerging fields such as semiconductors, optoelectronics, and new energy [2]. Group 2: Industry Integration and Innovation - The collaboration will promote upstream and downstream integration of the industry chain, optimizing the industrial layout for synergistic development and creating a mutually beneficial ecosystem [2]. - There are plans to explore the establishment of a frontier innovation center for rare and scarce metals, gathering resources to create a world-class research center and platforms for industry integration [2]. - The cooperation is based on resource integration, aiming to enhance the overall innovation capability of the rare and scarce metals industry and convert resource advantages into industrial and market advantages [2].

Core Viewpoint - The strategic cooperation agreement between Zhong Rare Earth (600259) and Xian Dao Group aims to leverage their strengths in the rare and scattered metals sector to enhance market share and industry influence, focusing on resource security and product development [1] Group 1 - Zhong Rare Earth announced the signing of a strategic cooperation agreement with Xian Dao Group on January 14 [1] - The partnership will focus on resource sharing, technological complementarity, and market expansion in the rare and scattered metals industry [1] - The collaboration aims to promote high-quality development in the rare and scattered metals sector [1]

Core Viewpoint - The company has signed a strategic cooperation agreement with XianDao Technology Group Co., Ltd. on January 14, 2026, aimed at enhancing the core competitiveness of rare and scarce metals and promoting the green and sustainable development of the industry [1] Group 1: Cooperation Agreement Details - The agreement is a framework agreement that includes resource sharing, technological complementarity, and joint market expansion [1] - The collaboration will increase investment in technological research and development and jointly formulate market expansion strategies [1] - The partnership aims to promote the integration of the upstream and downstream of the industry chain [1] Group 2: Impact on Company Performance - This cooperation is not expected to have a significant impact on the company's operating performance for the current year [1]

Core Viewpoint - The non-ferrous metal sector has seen significant interest today, particularly in tungsten-related stocks, which have become the focus of market attention. Group 1: Tungsten-Related Companies - Xianglu Tungsten Industry (002842.SZ) has a latest stock price of 19.14 CNY with a daily increase of +10.00%. It is one of the few companies in the domestic tungsten industry with a complete industrial chain, covering tungsten ore mining, smelting, and deep processing of all product lines [1]. - Zhongtung High-tech (000657.SZ) has a latest stock price of 36.73 CNY with a daily increase of +5.52%. It serves as the operational management platform for the tungsten industry under China Minmetals Corporation, encompassing the entire industrial chain from mining to smelting and alloys [1]. - Zhangyuan Tungsten Industry (002378.SZ) has a latest stock price of 18.19 CNY with a daily increase of +4.84%. It is also one of the domestic companies with complete tungsten industrial chain production capabilities, owning multiple mining rights and exploration areas [2]. - Zhongjin Lingnan (000060.SZ) has a latest stock price of 6.86 CNY with a daily increase of +4.41%. It is an integrated enterprise in the deep processing of non-ferrous metals [3]. - Zhongxiyou Color (600259.SH) has a latest stock price of 74.70 CNY with a daily increase of +4.04%. It is the core listed platform of China Rare Earth Group, with a rich resource of tungsten mines and a horizontal layout in "rare earth, copper, tungsten" industries [4]. - Jiangxi Copper (600362.SH) has a latest stock price of 62.00 CNY with a daily increase of +3.68%. Its Kazakhstan Bakuta tungsten mine project has successfully commenced production [5]. - Luoyang Molybdenum (603993.SH) has a latest stock price of 24.05 CNY with a daily increase of +3.22%. It is a global leader in the production of copper, cobalt, molybdenum, and tungsten, operating molybdenum and tungsten mines in China [6][7]. - Xiamen Tungsten Industry (600549.SH) has a latest stock price of 51.92 CNY with a daily increase of +2.85%. It possesses a complete tungsten industrial chain and has a competitive advantage in tungsten mining, smelting, and deep processing [9]. Group 2: Other Companies in the Sector - Greeenme (002340.SZ) has a latest stock price of 8.94 CNY with a daily increase of +2.88%. It is a leader in the recycling of critical metals [8].

Group 1 - The core point of the news is that Zhong Rare Metals has seen a stock price increase of 6.42%, reaching 76.41 yuan per share, with a total market capitalization of 25.707 billion yuan [1] - Zhong Rare Metals is located in Guangzhou, Guangdong Province, and was established on June 18, 1993, with its listing date on May 25, 2000 [1] - The company's main business involves the mining and processing of non-ferrous metals, with revenue composition being 59.32% from commercial activities and 40.68% from industrial activities [1] Group 2 - From the perspective of fund holdings, one fund under Huaxia Fund has a significant position in Zhong Rare Metals, specifically the Huaxia Xingyuan Steady One-Year Holding Mixed A fund, which reduced its holdings by 136,100 shares to 51,600 shares, representing 1.26% of the fund's net value [2] - The Huaxia Xingyuan Steady One-Year Holding Mixed A fund was established on June 24, 2021, with a current scale of 183 million yuan and has achieved a year-to-date return of 2.32% [2] - The fund manager, Liu Wanjun, has a tenure of 12 years and 19 days, with the fund's total asset size at 17.39 billion yuan and a best return of 112.76% during his tenure [2]