Core Viewpoint - The United States is establishing a new alliance focused on reshaping the global supply chain for critical minerals, particularly rare earth resources, to reduce dependence on China [1][3]. Group 1: Alliance Formation - The new mineral alliance includes the United States, the United Kingdom, Japan, Australia, and the European Union, with a meeting planned in Washington to discuss de-China-fication of the rare earth supply chain [1][3]. - Australia is identified as a core member due to its significant role as a major lithium exporter, committing to invest $1 billion with the U.S. for exploration and processing of critical minerals [3]. - Japan and South Korea are positioned as technology processors and consumers, with Japanese companies importing rare earth elements from Australia for local electric vehicle and electronics industries [3]. Group 2: Member Roles and Interests - The alliance exhibits a division of roles among member countries, but underlying tensions exist regarding the alignment of U.S. pricing strategies and the interests of resource-supplying countries like Australia [4][5]. - Australia is focused on increasing its profits through higher mineral prices and expanded exports, which has led to market fluctuations when U.S. policies do not align with its interests [4]. - The EU is caught between the desire to counter China's dominance and the risk of over-reliance on the U.S., particularly in light of territorial concerns related to Greenland [5]. Group 3: Challenges and Competitive Landscape - The cooperation model within the alliance lacks consistency due to varying national interests, making it difficult to form a strong collective action in the short term [5]. - China's dominance in the rare earth sector is attributed not only to resource availability but also to its complete industrial chain, which poses a significant technological gap for the U.S. and its allies to overcome [7].

长期占据全球稀土产业链的主导地位，手握这张王牌，就让美国始终如鲠在喉。 特朗普上台后，一边忙着退出各种国际组织甩包袱，一边又急着拉帮结派建新群。 如今，这个由美国牵头的新群，已有近30国表达兴趣， 欧洲更是抢先一步献上投名状，看似来势汹汹，实则各有自己的小心思。 很多人不懂，美国明明自身也有稀土资源，为何偏偏盯着中国的稀土不放？ 因为中国的稀土优势，从来不是有资源那么简单，而是从开采、精炼到应用的全产业链垄断。 美国想复制这套体系，至少需要十几年时间，而它根本等不起。 不同于以往的临时抱团，这次美国建群，可谓是蓄谋已久。 早在2025年8月，美国就已经联合英、加、澳等10国。 成立了矿产安全伙伴关系融资网络，管理资产超30万亿美元，为后续的矿产联盟铺路。 10月底，又启动组建关键矿产交易俱乐部，计划在2026年7月前完成去中国化的供应链布局。 甚至还签署行政令，威胁盟友若不配合，就实施关税或配额限制。 此次华盛顿即将召开的关键矿产部长级会议，更是这场围堵行动的关键一步。 由美国国务卿主持，召集了美英日澳、欧盟多国。 还有肯尼亚、几内亚等非洲资源国，足足55个国家的代表参会。 名义上是强化关键矿产供应链，实则是 ...

然而，谁都明白，想要赶超中国的稀土技术，700亿卢比连皮毛都不够！这些内容来自权威报道【智通 财经】【长安街知事】【观察者网】【鲁网】（详细信源附在文章末尾）。为了提升文章的可读性，部 分细节可能经过了润色，请读者理性阅读，仅供参考。 **印度的稀土双步走** 今年1月12日，美财政部主办的关键矿产部长级会议，印度作为少数受邀的非G7国家之一，显然并非偶 然。在过去几年里，印度在国际矿产舞台上动作频频，不仅与澳大利亚、莫桑比克等国建立了关键矿产 合作伙伴关系，某种程度上，这些举动都是印度在这场大棋局中的一次次布局。 1月的华盛顿，寒气未曾散去。美国财政部大楼内，正举行一场关于关键矿产的会议，来访的客人阵容 颇为特殊。印度铁道、信息与广播及电子信息技术部长阿什维尼·瓦希诺斯身穿笔挺西装，和各国代表 们在镜头前握手交谈，笑容得体，颇显自信。他的社交媒体迅速更新：加强关键矿产供应链对于提升印 度制造能力至关重要。这条消息字句铿锵，配图更是精致得体。几乎在同一时刻，地球另一端的印度国 内，关于稀土磁铁激励计划的提案正在等待内阁的最终批准，计划资金已从原计划的数额激增至超过 700亿卢比（约合7.88亿美元），几乎是原 ...

2026年1月，日本海洋研究开发机构的地球号钻探船在南鸟岛附近的5600米深海成功采集到富含稀土的泥浆样本。这一消息一经传出，瞬 间在国际资源市场掀起波澜。日本媒体大肆渲染这一发现为摆脱对华依赖的战略突破，而中国外交部的回应则简洁至极，仅以注意到相 关报道四字作答。这一冷热反应背后，揭示了全球稀土博弈的深层次逻辑——真正的较量已不再是谁能挖到矿，而是谁能掌控产业链的 话语权。 日本的这次深海勘探，并非偶然之举。南鸟岛周围海域蕴含着约1600万吨稀土资源，这一数字足以支撑全球数百年的消费量。对于稀土 依赖度超过90%的日本而言，这无疑是一次战略性的发现。尤其是镝、铽等重稀土元素，这些材料的90%以上依赖中国供应，直接影响 到日本新能源汽车、军工、精密仪器等产业的命脉。回想2022年稀土价格暴涨300%的教训，日本的资源焦虑愈发显得切肤之痛。为了摆 脱这种依赖，深海采矿已被日本列为国家战略，过去十年里，日本已投入超过200亿日元用于研发深海挖掘技术。 然而，技术的突破与商业化之间依然存在着巨大的鸿沟。深海开采面临着三重困难：首先，5600米的海底压强相当于560个大气压，设备 的耐压性要求极为苛刻；其次，稀土泥浆 ...

来源：新浪证券-红岸工作室 2月5日，中国稀土盘中下跌2.13%，截至09:40，报52.41元/股，成交1.68亿元，换手率0.30%，总市值 556.19亿元。 资金流向方面，主力资金净流出2062.33万元，特大单买入1078.20万元，占比6.42%，卖出3311.45万 元，占比19.73%；大单买入3679.00万元，占比21.92%，卖出3508.08万元，占比20.90%。 中国稀土今年以来股价涨12.86%，近5个交易日跌10.58%，近20日涨4.69%，近60日涨9.69%。 机构持仓方面，截止2025年9月30日，中国稀土十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股2906.94万股，相比上期增加946.69万股。南方中证500ETF（510500）位居第五大流通股 东，持股1079.60万股，相比上期减少27.03万股。嘉实中证稀土产业ETF（516150）位居第六大流通股 东，持股799.75万股，为新进股东。南方中证申万有色金属ETF发起联接A（004432）位居第八大流通 股东，持股603.53万股，为新进股东。 资料显示，中国稀土集团资源科技股份有限公司位于 ...

Core Viewpoint - The article discusses Japan's recent efforts to extract rare earth elements from the seabed, highlighting the challenges and costs associated with this endeavor, particularly in the context of Japan's reliance on China for these resources [3][7][11]. Group 1: Rare Earth Elements Extraction - Japan's ocean research agency successfully extracted several tons of rare earth-containing mud from the seabed at a depth of approximately 5,600 meters [3]. - The extraction process faced significant challenges, including adverse weather conditions that temporarily halted operations [3]. - The extracted rare earth mud may not meet the minimum standards required for refining, leading to concerns about its economic viability [3]. Group 2: Economic Implications - The cost of extracting rare earth mud from the South Bird Island area is reported to be several times, even tens of times, higher than the price of processed rare earth products from China [3]. - Japan's historical dependence on China for over 70% of its rare earth needs has been jeopardized due to deteriorating Sino-Japanese relations [7]. - The potential for China to impose strict export controls on rare earth elements could have devastating impacts on Japan's industrial sector, potentially leading to a halt in industrial activities within six months [7]. Group 3: Strategic Considerations - Japan's lack of large-scale land-based rare earth mining capabilities has led it to explore deep-sea extraction, but the high costs and lack of core refining technology hinder its competitive position [5]. - The article suggests that Japan may soon need to engage in negotiations with China regarding rare earth purchases, as the geopolitical landscape shifts [9]. - China's strategic control over rare earth elements positions it favorably in international relations, allowing it to leverage these resources for economic and political gain [11].

来源：新浪证券-红岸工作室 2月4日，中国稀土盘中下跌2.00%，截至13:15，报52.88元/股，成交12.02亿元，换手率2.10%，总市值 561.17亿元。 分红方面，中国稀土A股上市后累计派现3.46亿元。近三年，累计派现1.24亿元。 机构持仓方面，截止2025年9月30日，中国稀土十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股2906.94万股，相比上期增加946.69万股。南方中证500ETF（510500）位居第五大流通股 东，持股1079.60万股，相比上期减少27.03万股。嘉实中证稀土产业ETF（516150）位居第六大流通股 东，持股799.75万股，为新进股东。南方中证申万有色金属ETF发起联接A（004432）位居第八大流通 股东，持股603.53万股，为新进股东。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 资料显示，中国稀土集团资源科技股份有限公司位于江西省赣州市章贡区章江南大道 ...

Core Insights - All 12 listed rare earth companies have reported positive earnings forecasts for 2025, indicating a strong performance outlook for the sector [1][2][3] Group 1: Earnings Forecasts - Northern Rare Earth is expected to achieve a net profit of 2.176-2.356 billion, reflecting an increase of 116.67%-134.60% year-on-year [4][5] - Shenghe Resources anticipates a net profit of 0.790-0.910 billion, with a year-on-year growth of 281.28%-339.20% [4][5] - Jien Mining is projected to report a net profit of 0.660-0.760 billion, representing a growth of 127.00%-161.00% [4][5] - Zhenghai Magnetic Materials expects a net profit of 0.310-0.380 billion, with an increase of 235.72%-311.52% [4][5] - Ningbo Yunsheng forecasts a net profit of 0.280-0.380 billion, indicating a growth of 194.49%-299.67% [4][5] - Yuyuan New Materials anticipates a net profit of 0.255-0.280 billion, with a year-on-year increase of 73.00%-90.00% [4][5] - Longi Magnet Technology expects a net profit of 0.155-0.200 billion, reflecting a growth of 39.57%-80.09% [4][5] - China Rare Earth is projected to turn a profit with a net profit of 0.143-0.185 billion [4][5] - Sanchuan Wisdom anticipates a net profit of 0.128-0.160 billion, with a year-on-year growth of 100.73%-150.91% [4][5] - Zhongxi Rare Metals expects to turn a profit with a net profit of 0.100-0.130 billion [4][5] - China Science and Technology is projected to achieve a net profit of 0.080-0.120 billion, with a significant increase of 566.23%-899.35% [4][5] - China Science Magnetics anticipates a net profit of 0.029-0.035 billion, reflecting a growth of 75.11%-108.32% [4][5]

Summary of Conference Call on Rare Earth Sector Industry Overview - The discussion primarily focuses on the rare earth sector, highlighting significant changes in the market dynamics and price trends [1][2]. Key Points and Arguments 1. **Market Conditions**: The rare earth market is experiencing notable fluctuations, with precious metals like gold benefiting from delayed expectations of monetary easing by the Federal Reserve. This has led to a significant retreat of speculative funds from the futures market, impacting metals like copper and tin, while rare earths have shown relatively better performance [1][2]. 2. **Leverage Reduction**: The overall logic of reducing leverage in the non-ferrous sector is expected to be less pronounced. The volatility in the market suggests that the systemic leverage is relatively low, and recent reductions in leverage have created more room for price adjustments [2]. 3. **Price Expectations**: There are three key logical points regarding the rare earth sector: - Prices are expected to reach new highs, with fundamentals likely to exceed market expectations. - Negative sentiment is not anticipated to worsen, as the major bearish factors have already passed. - The sector is at a critical point where specific companies, such as China Rare Earth and Zhongxi Rare Earth, are expected to resolve intra-industry competition issues [2][3]. 4. **Supply and Demand Dynamics**: - Supply-side reforms are crucial, with policies implemented in the previous year regulating the total amount of rare earth mining and smelting. This has led to a structural reform in the supply side of the industry [3][4]. - The integration of state-owned enterprises has streamlined control over domestic rare earth resources, reducing the number of companies involved in mining and smelting [4][5]. - The demand side shows a mixed picture, with export volumes hitting historical highs in the latter half of 2025, despite an overall annual decline in demand. This indicates strong overseas replenishment needs [6][7]. 5. **Strategic Stockpiling**: The trend of strategic stockpiling in response to supply chain risks is expected to continue, particularly in the context of geopolitical tensions. This will likely sustain demand for rare earths, especially in sectors like electric vehicles and industrial robotics [7][8]. 6. **Valuation Insights**: - Current valuations in the rare earth sector are considered undervalued compared to historical levels. For instance, the valuation of Northern Rare Earth is significantly lower than its historical average, suggesting potential for upward correction [8][9]. - The ongoing "valuation kill" phase has persisted since late 2025, but the expectation is that this trend may stabilize, allowing for potential recovery in valuations [9][10]. 7. **Future Outlook**: The year 2026 is seen as pivotal for resolving intra-industry competition, with significant expectations for asset injections into companies like China Rare Earth. This could create substantial arbitrage opportunities due to the disparity between internal and external profit margins [10][11]. 8. **Investment Recommendations**: The overall sentiment is bullish on the rare earth sector, with expectations of a 50% to 100% upside potential for key players like Northern Rare Earth, Zhongxi Rare Earth, and China Rare Earth, especially following recent price corrections [12][13]. Additional Important Content - The integration of various rare earth companies and the regulatory environment surrounding mining and smelting are critical factors influencing future supply and demand dynamics [4][5]. - The anticipated changes in management and operational strategies within companies like Zhongxi Rare Earth may enhance their market position and operational efficiency [12][13]. This summary encapsulates the key insights and projections discussed during the conference call regarding the rare earth sector, emphasizing the interplay between supply, demand, and market sentiment.

Core Insights - The U.S. and Japan are actively seeking to reduce their dependence on rare earth elements, with Japan conducting successful trials for rare earth mud extraction in the Pacific Ocean [1] - Japan currently relies on China for over 70% of its rare earth imports, prompting increased focus on domestic development following China's export restrictions [1] - The U.S. plans to initiate a critical mineral reserve program with an initial funding of $12 billion to decrease reliance on China for rare earth resources [1] - China maintains a dominant position in rare earth resources, extraction technology, and downstream applications, making it challenging for other countries to rebuild their rare earth supply chains [1] Industry Performance - The A-share rare earth sector showed strong performance, with the sector rising by 3.80%, led by companies like Longhua Technology, which increased by 11.46% [3] - Analysts highlight a supply-demand resonance in the rare earth market, with increasing supply concentration and growing demand from sectors like new energy and high-end manufacturing [3] - The strategic value of rare earth resources is becoming more pronounced globally, with many countries emphasizing the importance of critical mineral reserves [3] Company Highlights - Shenghe Resources is a significant player in the domestic rare earth industry, involved in mining, refining, and recycling, with projected earnings growth exceeding 339% by 2025 [5] - Northern Rare Earth is one of the largest rare earth production and processing bases in China, benefiting from resource advantages and stable product supply [5] - Jieneng Permanent Magnet is a high-tech enterprise specializing in rare earth permanent magnet materials, positioned to benefit from the growing demand in sectors like electric vehicles and wind power [5]