ZGXT(SZ:000831) Sou Hu Cai Jing·2025-07-10 10:21Core Viewpoint - The article emphasizes the importance of resource management, highlighting that despite current perceptions of resource abundance, strategic reserves are crucial for future stability and supply security [1][3]. Group 1: China's Resource Strategy - China has purchased up to 100,000 tons of nickel since December last year, storing it as a national reserve to strengthen its position in the global supply chain amid rising tensions with the U.S. [1][3]. - The demand for nickel is significant in key sectors such as electric vehicles and aerospace, necessitating China's preparation for potential resource shortages [3][6]. - China's approach to resource management includes a refusal to allow rare earth resources to be exported at low prices, reflecting a growing awareness of resource protection [6][8]. Group 2: Global Competition for Resources - The U.S. and Europe are actively procuring rare earth resources from China to maintain their competitive edge in technology [3][5]. - The European Union is considering establishing a rare earth reserve system to counteract perceived economic coercion from China [3][5]. - China's adjustments to its rare earth export policies are not intended to be weaponized but are responses to international demands for transparency in usage and production processes [3][6]. Group 3: Implications of Resource Management - The potential disruption of rare earth supplies could severely impact Western military and advanced electronic industries, highlighting the strategic importance of these resources [6]. - China's commitment to environmental sustainability influences its resource extraction policies, aligning with the national value of balancing economic growth with ecological preservation [6][8]. - The ongoing geopolitical tensions may lead to increased resource imports by China to ensure long-term development and self-sufficiency in critical materials like nickel, cobalt, and copper [8].