7月15日公司发布上半年业绩预告，预计实现净利润1.36亿元至1.76亿元。（数据宝） （文章来源：证券时报网） 中国稀土8月4日披露，截至7月31日公司股东户数为160201户，较上期（7月20日）减少26315户，环比 降幅为14.11%。 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600988 | 赤峰黄金 | 7.44 | 8.70 | 30454.01 | | 600489 | 中金黄金 | 2.98 | 2.47 | 28352.73 | | 600547 | 山东黄金 | 6.78 | 2.25 | 16998.48 | | 603124 | 江南新材 | 10.00 | 21.39 | 16504.54 | | 000831 | 中国稀土 | 0.34 | 3.80 | 15543.96 | | 603993 | 洛阳钼业 | 3.12 | 1.08 | 14833.45 | | 300748 | 金力永磁 | 1.16 | 2.44 | 8169.59 | | 601600 | 中国铝业 | 0.68 | 0.74 | 7307.67 | | 600490 | 鹏欣资源 | 4.32 | 4.71 | 5960.65 | | 600259 | 广晟有色 | 1.95 | 3.14 | 5832.34 | | 000 ...

流动性方面，稀土ETF嘉实盘中换手2.78%，成交1.15亿元。拉长时间看，截至8月1日，稀土ETF嘉实近1周日均成交3.57亿元，居可比基金第一。 规模方面，稀土ETF嘉实近1周规模增长1.38亿元，实现显著增长，新增规模位居可比基金第一。份额方面，稀土ETF嘉实近1周份额增长2.94亿份，实现显 著增长，新增份额位居可比基金第一。 资金流入方面，拉长时间看，稀土ETF嘉实近5个交易日内有4日资金净流入，合计"吸金"5.75亿元。 截至8月1日，稀土ETF嘉实近1年净值上涨62.04%，指数股票型基金排名153/2944，居于前5.20%。从收益能力看，截至2025年8月1日，稀土ETF嘉实自成立 以来，最高单月回报为41.25%，最长连涨月数为4个月，最长连涨涨幅为83.89%，上涨月份平均收益率为10.02%。 数据显示，截至2025年7月31日，中证稀土产业指数前十大权重股分别为北方稀土、包钢股份、中国稀土、盛和资源、卧龙电驱、中国铝业、领益智造、格 林美、厦门钨业、金风科技，前十大权重股合计占比59.32%。 截至2025年8月4日 11:07，中证稀土产业指数上涨0.01%，成分股湘电股份上涨3. ...

Investment Rating - Industry Rating: Outperform the Market (Maintain Rating) [1] Core Insights - The report indicates a cautious outlook for the basic metals sector, with copper and aluminum prices experiencing downward pressure due to macroeconomic factors and weak demand [4][10][20] - Precious metals are expected to see upward movement in gold prices driven by recession fears and adjustments in U.S. economic data [6][24] - The report highlights the stability in the rare earth sector, with expectations for improved fundamentals in the upcoming quarter [8] Summary by Sections 1. Base Metals & Precious Metals - Copper: Price has retreated to 78,170 CNY/ton, with low inventory providing some support despite seasonal demand weakness [4][13] - Aluminum: Prices have decreased, with the average price at 20,623 CNY/ton, influenced by rising social inventory and subdued market demand [5][20] - Precious Metals: Gold price averaged 767.63 CNY/gram, down 1.67%, while silver averaged 9,158 CNY/kg, down 1.44% [6][24] 2. Minor Metals - Antimony: Prices remain stable, with market dynamics showing limited supply and demand [7][40] - Lithium: Carbonate prices have dropped, reflecting a cooling market sentiment [40] - Cobalt: Prices are strong due to tight supply conditions, with cobalt intermediate prices rising [42][43] - Tin: Prices have declined, with the average price at 33,410 USD/ton, reflecting weakened macro sentiment [45] - Tungsten: Prices have increased across the board, with black tungsten concentrate averaging 195,500 CNY/ton [51] - Molybdenum: Prices have surged, with molybdenum concentrate averaging 4,315 CNY/ton, driven by strong market demand [61][62] 3. Rare Earths - Rare earth prices are stable, with light rare earth oxide prices increasing by 3.3% to 531,000 CNY/ton, indicating a potential for significant improvement in fundamentals [8]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The copper market shows a steady upward trend in demand, with a focus on observing global inventory levels and U.S. demand recovery [13] - The aluminum sector is stabilizing at the bottom, facing seasonal pressures and production adjustments [15] - Precious metals, particularly gold, are gaining attractiveness as a safe haven due to geopolitical tensions and economic uncertainties [16] - The rare earth sector is expected to see price increases due to supply constraints and policy changes, benefiting leading state-owned enterprises [32] - The antimony market is stabilizing with expectations of price recovery driven by export improvements and domestic production cuts [34] - Molybdenum prices are on the rise due to supply disruptions and increasing demand from the steel industry [35] - Tin prices are under slight pressure but supported by strong inventory levels and demand recovery in related sectors [36] Summary by Sections 1. Base and Precious Metals Market Overview - Copper prices decreased by 1.66% to $9,633.00 per ton on LME, with domestic inventory down 0.1 thousand tons to 11.93 thousand tons [1] - Aluminum prices fell by 2.26% to $2,571.50 per ton on LME, with domestic electrolytic aluminum inventory increasing [2] - Gold prices increased by 3.08% to $3,416.00 per ounce, driven by geopolitical tensions and economic concerns [3] 2. Base and Precious Metals Fundamental Updates 2.1 Copper - The copper processing fee index rose to -$42.09 per ton, with downstream demand showing weakness [1] 2.2 Aluminum - Domestic aluminum processing rates slightly decreased, with expectations of continued weak performance [2] 2.3 Precious Metals - Gold's appeal as a safe haven is increasing amid global trade tensions and geopolitical conflicts [3] 3. Minor Metals and Rare Earth Market Overview - Rare earth prices are expected to rise due to supply constraints and policy changes, with strategic resources needing re-evaluation [32] - Antimony prices are anticipated to recover due to improved export expectations and domestic production cuts [34] - Molybdenum prices are increasing due to supply disruptions and strong demand from the steel sector [35] 4. Minor Metals and Rare Earth Fundamental Updates 4.1 Rare Earth - Prices for praseodymium-neodymium oxide rose by 7.23% to 513,200 yuan per ton, with supply tightening expected [33] 4.2 Antimony - Antimony ingot prices remain stable, with expectations of recovery driven by export improvements [34] 4.3 Molybdenum - Molybdenum prices increased by 8.02% to 4,310 yuan per ton, with supply disruptions impacting the market [35] 4.4 Tin - Tin prices decreased by 2.69% to 264,100 yuan per ton, but strong inventory levels provide support [36]

Group 1: Financial Performance - The company achieved profitability in the first half of 2025 due to a rise in rare earth market prices and effective marketing strategy adjustments, resulting in a year-on-year sales growth [2] - The reversal of inventory impairment provisions positively impacted profits, in accordance with accounting standards [2] Group 2: Production and Supply - The company adhered to its annual production plan and adjusted production volumes based on the total production control plan [3] - The company sources rare earth materials from its own mines in Hunan and through market-based procurement, ensuring high-quality and stable supply [3] Group 3: Market Impact and Export - The recent export controls on medium and heavy rare earths have minimal direct impact on the company's sales and performance, as international revenue accounts for less than 5% of total revenue [3] - The company produces various rare earth products, including light rare earths like praseodymium and neodymium oxides, leveraging southern ion-type mines for processing [3]

证券之星消息，8月1日小金属板块较上一交易日下跌2.49%，盛和资源领跌。当日上证指数报收于 3559.95，下跌0.37%。深证成指报收于10991.32，下跌0.17%。小金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301026 | 浩通科技 | 26.68 | 0.79% | 2.14万 | 5672.06万 | | 002167 | 东方错业 | 12.41 | 0.49% | 51.17万 | 6.38亿 | | 920068 | 天工股份 | 19.94 | 0.30% | 2.26万 | 4496.15万 | | 000962 | 东方银业 | 16.90 | 0.12% | 9.41万 | 1.59亿 | | 000960 | 锡业股份 | 17.86 | 0.11% | 21.28万 | 3.80亿 | | 002978 | 安宁股份 | 29.63 | 0.07% | 3.80万 | 1.13亿 | | 600459 | 盖研铂业 | 15.09 ...

Group 1 - The core viewpoint of the article highlights the performance and valuation of China Rare Earth, with a closing price of 41.04 yuan and a decline of 3.12% [1] - The rolling price-to-earnings ratio (PE) stands at 584.82, significantly higher than the industry average of 64.77 and median of 61.37, placing China Rare Earth at the 39th position in the small metals industry [1][2] - The total market capitalization of China Rare Earth is reported at 43.553 billion yuan [1][2] Group 2 - As of July 18, 2025, the number of shareholders for China Rare Earth has increased to 186,516, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] - The main business activities of China Rare Earth include mining, processing of rare earth minerals, production of rare earth oxides, and technology research and consulting services [1] - The company has recently applied for 26 new patents, with 7 invention patents and 4 utility model patents granted [1] Group 3 - In the latest quarterly report for Q1 2025, China Rare Earth achieved a revenue of 728 million yuan, representing a year-on-year increase of 141.32%, and a net profit of 72.618 million yuan, up 125.15% year-on-year, with a gross profit margin of 9.77% [1]

Group 1 - China holds the largest rare earth resources globally, with reserves of 44 million tons, accounting for 38% of the world's total [1] - The Chinese government has implemented a quota management system for rare earth exports, with a total quota of 270,000 tons for 2024, including a 6.36% year-on-year increase in light rare earths [1] - Significant progress has been made in overseas rare earth mining, with Myanmar and Thailand producing substantial amounts of rare earth products [1] Group 2 - China leads the world in rare earth permanent magnet technology and production, with the highest sales volume globally [2] - The demand for high-performance rare earth permanent magnets is increasing, driven by sectors such as electric vehicles and consumer electronics [2] - Future developments in humanoid robots and eVTOL (electric vertical takeoff and landing) vehicles are expected to significantly boost the demand for high-performance rare earth permanent magnets [2]

Investment Rating - The report maintains a positive outlook on the rare earth industry, highlighting investment opportunities driven by demand growth and price increases [4]. Core Insights - China holds the largest rare earth reserves globally, with 44 million tons, accounting for 38% of the world's total [4][16]. - The demand for high-performance rare earth permanent magnets is expected to grow significantly, particularly in the automotive and consumer electronics sectors [4]. - The report emphasizes the leading position of Chinese companies in the rare earth permanent magnet industry, with a focus on companies like Northern Rare Earth, China Rare Earth, and Shenghe Resources [4]. Summary by Sections 1. Global Supply of Rare Earth Resources - China is the largest supplier of rare earths, with a well-established separation industry and significant technological advantages [27]. - The report outlines the increasing production and export quotas for rare earths in China, with a total quota of 270,000 tons for 2024, including 250,000 tons of light rare earths [27]. 2. Definition and Global Distribution of Rare Earths - Rare earths consist of 17 elements, including 15 lanthanides, yttrium, and scandium, with significant reserves found in China, Brazil, and the USA [16][20]. 3. Production and Export of Rare Earths in China - Major companies in China include Northern Rare Earth and Shenghe Resources, with production figures for 2024 indicating substantial output in various rare earth products [30][37]. - China exported 123,000 tons of rare earth products in 2024, with a total export value of 25.6 billion yuan, reflecting a 7.7% year-on-year increase [37]. 4. Overseas Supply of Rare Earths - The report discusses the increasing production of rare earths in the USA and Australia, with significant developments in the Mountain Pass mine and Lynas Corporation's operations [40][48]. 5. Rare Earth Prices - Current prices for key rare earth products are reported to be reasonable, with potential for further increases, particularly for praseodymium-neodymium oxide and dysprosium oxide [64]. 6. Rare Earth Permanent Magnet Industry - The report highlights the growing demand for rare earth permanent magnets in various applications, including electric vehicles and consumer electronics, with production expected to exceed 250,000 tons in 2024 [88]. 7. Key Companies in the Rare Earth Sector - Northern Rare Earth is identified as a leading player with significant production capacity and a focus on high-end magnetic materials [123]. - China Rare Earth is noted for its comprehensive industry chain, covering resource development to deep processing [127]. - Shenghe Resources is recognized for its overseas resource layout and strategic partnerships [138].