根据路透社的报道，最近七国集团（G7）正在与欧盟密谋，要联手针对中国的稀土出口。 G7准备对华下达稀土"限价令"，规定稀土的价格下限，不仅如此还考虑对部分中国出口的稀土征收关税。 现在稀土够用了，G7就开始和欧盟商量着对华"下黑手"，计划设定所谓的"稀土价格下限"来推动自己国家的产能建设，不止如此，还考虑对中国的部分稀土 出口征收关税。 本月初G7的技术团队就在美国举行了会晤，一起参加的还有澳大利亚，这次会议核心讨论是，要不要在关键矿产领域提高外国投资的门槛，主要是限制对 华的投资。 另外还有一种选择就是地理限制，限定公共采购招标中对特定国家采购的稀土配额，着重也是针对中国的稀土。 这消息一出，不少人都乐了，七国集团和欧盟似乎没搞清楚，在稀土问题上，是中国"施舍"给他们饭吃，怎么还分不清大小王呢？ 那么G7这样做的目的究竟是什么？这个计划真的能奏效吗？ 最近的西方国家颇有种好了伤疤忘了疼的样子。 9月20日，中国官方发布的数据显示，8月份中国稀土出口量已经达到了2582吨，环比增长超过了两成，大部分的都流向了欧洲，可以说是缓解了欧洲的燃眉 之急。 然而记吃不记打说的就是他们，今年4月，中方实施关键矿产的出口管 ...

Core Viewpoint - The news highlights the recent performance of China's rare earth sector, specifically focusing on the stock of China Rare Earth Group, which has shown significant growth in revenue and profit in the first half of 2025. Group 1: Company Overview - China Rare Earth Group specializes in the production and operation of rare earth oxides and related products, as well as technology research and consulting services [2][8] - The company is controlled by the State-owned Assets Supervision and Administration Commission of the State Council, indicating its status as a state-owned enterprise [3][4] Group 2: Financial Performance - For the period from January to June 2025, the company achieved a revenue of 1.875 billion yuan, representing a year-on-year growth of 62.38% [8] - The net profit attributable to the parent company was 162 million yuan, marking a substantial increase of 166.16% compared to the previous year [8] Group 3: Market Activity - On September 25, the stock price of China Rare Earth increased by 1.30%, with a trading volume of 2.123 billion yuan and a turnover rate of 3.95% [1] - The stock's average trading cost is reported at 53.00 yuan, with the current price approaching a resistance level of 51.00 yuan [7] Group 4: Shareholder Information - As of September 19, the number of shareholders for China Rare Earth reached 230,000, an increase of 6.66% from the previous period [8] - The average number of circulating shares per shareholder decreased by 6.25% to 4,614 shares [8] Group 5: Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, holding 19.6025 million shares, an increase of 3.8909 million shares from the previous period [10] - Southern CSI 500 ETF ranked fifth among the top circulating shareholders, with a holding of 11.0663 million shares, also showing an increase [10]

Group 1: Market Performance - The liquidity of the Rare Earth ETF managed by Jiashi has a turnover rate of 6.47% with a transaction volume of 529 million yuan [3] - Over the past month, the average daily transaction volume of the Rare Earth ETF reached 505 million yuan, ranking first among comparable funds [3] - The fund's scale increased by 1.716 billion yuan in the last month, also ranking first among comparable funds [3] - The number of shares for the Rare Earth ETF increased by 90.5 million shares this month, leading among comparable funds [3] - In the last 18 trading days, the fund attracted a total of 454 million yuan [3] - The net value of the Rare Earth ETF has risen by 105.55% over the past year, placing it in the top 11.10% among index equity funds [3] Group 2: Industry Outlook - The implementation of the "Rare Earth Management Regulations" in October 2024 will strengthen industry control, while the interim measures for total quantity control of rare earth mining and smelting will further tighten supply [4] - Leading companies like Northern Rare Earth will gain enhanced pricing power due to these regulations [4] - The rare earth industry is entering a new era of high-quality and standardized development, driven by growing demand from sectors such as electric vehicles, air conditioning, and consumer electronics [4] - The supply-demand gap for praseodymium and neodymium oxide is expected to reach 5.8% and 4.6% in 2025 and 2026, respectively, indicating a potential upward trend in price [4] - The performance of the rare earth industry chain is expected to improve quarter by quarter in the second half of the year, highlighting strategic allocation value [4] Group 3: Key Stocks - The top ten weighted stocks in the CSI Rare Earth Industry Index account for 62.15% of the index, with Northern Rare Earth and China Rare Earth being the top two [3] - Notable stock performances include Northern Rare Earth with a rise of 2.47% and China Rare Earth with an increase of 1.16% [6] - Investors can also access rare earth investment opportunities through the Rare Earth ETF Jiashi connecting fund (011036) [6]

Core Viewpoint - The news highlights the recent performance and financial metrics of China Rare Earth, indicating a significant increase in revenue and profit, alongside notable trading activity in its stock. Group 1: Financial Performance - For the first half of 2025, China Rare Earth achieved operating revenue of 1.875 billion yuan, representing a year-on-year growth of 62.38% [2] - The net profit attributable to shareholders for the same period was 162 million yuan, showing a remarkable year-on-year increase of 166.16% [2] Group 2: Stock Trading Activity - On September 24, China Rare Earth saw a stock price increase of 1.83%, with a trading volume of 1.855 billion yuan [1] - The financing buy-in amount for China Rare Earth on the same day was 160 million yuan, while the financing repayment was 171 million yuan, resulting in a net financing outflow of 10.95 million yuan [1] - The total financing and securities lending balance for China Rare Earth reached 2.354 billion yuan as of September 24 [1] Group 3: Shareholder and Institutional Holdings - As of September 19, the number of shareholders for China Rare Earth increased to 230,000, up by 6.66% from the previous period [2] - The average number of circulating shares per shareholder decreased by 6.25% to 4,614 shares [2] - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, holding 19.6025 million shares, an increase of 3.8909 million shares from the previous period [3]

Group 1 - The A-share market saw a broad increase in small metal concept stocks, indicating positive market sentiment in this sector [1] - Huaxi Nonferrous Metals surged over 6%, reflecting strong investor interest and potential growth in the company [1] - Haotong Technology rose more than 3%, suggesting a favorable outlook for its business performance [1] Group 2 - Guiyan Platinum Industry increased by over 2%, indicating a positive trend in the precious metals segment [1] - Other companies such as China Rare Earth, Zhongkuang Resources, Guangsheng Nonferrous Metals, and Zhongtung High-tech also experienced gains, highlighting a broader rally in the small metal sector [1]

Group 1 - The core viewpoint of the news highlights a significant decline in the stock price of China Rare Earth, which dropped by 4.27% on September 23, with a trading volume of 2.792 billion yuan [1] - As of September 23, the financing balance for China Rare Earth reached 2.367 billion yuan, indicating a high level of financing activity, with the financing balance exceeding the 90th percentile over the past year [1] - The company reported a substantial increase in revenue and net profit for the first half of 2025, with revenue of 1.875 billion yuan, up 62.38% year-on-year, and a net profit of 162 million yuan, up 166.16% year-on-year [2] Group 2 - China Rare Earth has distributed a total of 346 million yuan in dividends since its A-share listing, with 124 million yuan distributed over the past three years [3] - As of June 30, 2025, the number of shareholders for China Rare Earth increased to 230,000, reflecting a 6.66% rise, while the average circulating shares per person decreased by 6.25% to 4,614 shares [2][3] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with both increasing their holdings compared to the previous period [3]

Core Insights - The China Securities National New State-Owned Enterprise Modern Energy Index has decreased by 0.80% as of September 23, 2025, with mixed performance among constituent stocks [3] - The National Energy Administration and other departments have issued guidelines aiming for significant advancements in the energy equipment industry by 2030, focusing on self-sufficiency, high-end, intelligent, and green development [3][4] Market Performance - The top-performing stocks include Nanshan Energy, which rose by 6.16%, and XJ Electric, which increased by 2.50%, while China Rare Earth fell by 5.75% [3] - The Central State-Owned Enterprise Modern Energy ETF (561790) has seen a decline of 0.88%, with a latest price of 1.13 yuan, but has accumulated a 6.55% increase over the past three months [3] Trading Activity - The trading volume for the Central State-Owned Enterprise Modern Energy ETF was 30.02 million yuan with a turnover rate of 0.7% [3] - The average daily trading volume over the past year for the ETF was 628.85 million yuan [3] Industry Outlook - Experts emphasize the necessity of new energy infrastructure to support the construction of a new energy system, including low-carbon transformation of coal power and improvements in energy storage systems [4] - The index tracks 50 listed companies involved in modern energy sectors, with the top ten stocks accounting for 48.28% of the index [4]

Group 1: Liquidity and Performance of Rare Metal ETFs - The rare metal ETF had an intraday turnover of 4.62%, with a transaction volume of 115 million yuan [1] - Over the past month, the average daily transaction volume of the rare metal ETF reached 218 million yuan, ranking first among comparable funds [1] - In the last two weeks, the rare metal ETF's scale increased by 53.46 million yuan, achieving significant growth and ranking first among comparable funds [1] - The ETF's shares grew by 13 million shares in the last two weeks, also ranking first among comparable funds [1] - In the last ten trading days, the rare metal ETF attracted a total of 195 million yuan in inflows [1] - As of September 22, 2025, the net value of the rare metal ETF increased by 86.19% over the past year [1] - The highest monthly return since inception was 24.02%, with the longest consecutive monthly gains being four months and a maximum increase of 58.56% [1] - The average return during the rising months was 8.77% [1] - The annualized return over the last three months exceeded the benchmark by 5.76% [1] Group 2: Market Dynamics and Policy Impact - The unique resource characteristics of minor metals lead to greater price elasticity, benefiting from high beta during market uptrends [2] - The Democratic Republic of Congo's cobalt export policy, effective September 21, extends the cobalt export ban until October 15, 2025, followed by a quota system [2] - The quota for October to December 2025 is set at 18,125 tons, with a total quota of 96,600 tons for 2026-2027, representing a 56% decrease from the 2024 production levels [2] - The Congolese government's firm pricing stance is expected to compel downstream companies to initiate large-scale inventory replenishment, driving cobalt prices upward [2] - As of August 29, 2025, the top ten weighted stocks in the China Rare Metal Theme Index accounted for 57.58% of the index, including companies like Northern Rare Earth, Luoyang Molybdenum, and Ganfeng Lithium [2] Group 3: Stock Performance Overview - The stock performance of key companies in the rare metals sector showed declines, with Northern Rare Earth down 4.79% and Ganfeng Lithium down 0.76% [4] - Other notable declines included Luoyang Molybdenum at -2.75% and Tianqi Lithium at -3.01% [4] - Investors can also participate in the rare metal sector through the rare metal ETF linked fund (014111) [4]

Group 1 - The core viewpoint of the news highlights a significant decline in the stock price of China Rare Earth, which dropped by 5.01% to 48.72 yuan per share, with a trading volume of 1.728 billion yuan and a turnover rate of 3.27%, resulting in a total market capitalization of 51.703 billion yuan [1] - China Rare Earth Group Resources Technology Co., Ltd. is located in Ganzhou City, Jiangxi Province, and was established on June 17, 1998. The company was listed on September 11, 1998, and its main business involves rare earth smelting separation and rare earth technology research and services [1] - The revenue composition of the company includes 63.51% from rare earth oxides, 35.95% from rare earth metals and alloys, 0.35% from other sources, and 0.18% from technical service income [1] Group 2 - From the perspective of the top ten holdings of funds, it is noted that one fund under Qianhai Kaiyuan Fund has a significant position in China Rare Earth, specifically the Qianhai Kaiyuan Hong Kong-Shenzhen Core Resource Mixed A Fund (003304), which held 1.7058 million shares, accounting for 8.06% of the fund's net value, ranking as the fifth-largest holding [2] - The estimated floating loss for this fund today is approximately 4.3839 million yuan [2] - The Qianhai Kaiyuan Hong Kong-Shenzhen Core Resource Mixed A Fund was established on October 17, 2016, with a latest scale of 289 million yuan. Year-to-date returns are 67.02%, ranking 400 out of 8172 in its category, while the one-year return is 92.51%, ranking 834 out of 7995 [2]

Core Insights - The report by Zhiyan Consulting forecasts the competitive strategy and market demand for China's rare earth industry from 2025 to 2031 [1] - According to data from Chinese customs, in July 2025, China's export volume of rare earths and their products reached 12,400 tons, representing a year-on-year increase of 14.5% [1] - The export value for the same period was $331 million, showing a year-on-year growth of 3.2% [1] Industry Overview - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services [2] - The firm has over a decade of experience in the industry research field, offering tailored solutions for investment decision-making [2]