氧化镨钕进入价格上涨通道，钨价再创历史新高

Group 1: Rare Earths - MPMaterials has received positive developments, with neodymium oxide entering an upward trend, increasing by 10.97% to 531,000 CNY/ton [1][2] - The Pentagon has agreed to invest 400 million USD to purchase preferred shares of MPMaterials, becoming its largest shareholder [1][2] - The U.S. Department of Defense has set a procurement price of 110 USD per kilogram for the two most commonly used rare earths, neodymium and praseodymium [1][2] - MPMaterials has announced a 500 million USD partnership with Apple to supply key raw materials for its electronic products [2] Group 2: Molybdenum - Molybdenum concentrate prices have increased by 7.53% to 4,285 CNY/ton, while molybdenum iron prices rose by 8.53% to 273,500 CNY/ton [3] - Supply-side signals indicate a gradual contraction in molybdenum concentrate, while demand from steel procurement continues to grow [3] - However, downstream markets are struggling to keep pace with price increases, leading to a forecast of price stagnation in the short term [3] Group 3: Tungsten - Black tungsten concentrate prices have risen by 7.82% to 193,000 CNY/ton, and ammonium paratungstate prices increased by 7.95% to 285,000 CNY/ton [3] - Supply-side constraints are evident due to reduced mining quotas and declining ore grades, providing strong support for prices [3] - Domestic demand remains stable, primarily driven by essential purchases, with long-term price adjustments expected [3] Group 4: Tin - Tin prices have shown slight increases, with SHFE tin rising by 0.15% to 265,000 CNY/ton and LME tin up by 0.08% to 33,200 USD/ton [4] - Supply constraints are present due to low operating rates in refining enterprises affected by raw material shortages from Myanmar [4] - Demand remains weak as high tin prices dampen restocking intentions in the electronics and home appliance sectors [4] Group 5: Antimony - Antimony ingot prices have decreased by 1.32% to 187,500 CNY/ton, while antimony concentrate prices fell by 1.52% to 162,500 CNY/ton [4] - Domestic antimony raw materials are tight due to a halt in overseas imports, leading to low operating rates in smelting plants [4] - Short-term price outlook remains cautious, but medium to long-term prospects are positive [4] Group 6: Nuclear Fusion New Materials - The commercial development of controlled nuclear fusion is accelerating, with significant investments from state-owned enterprises totaling 11.492 billion CNY [4] - The establishment of China Fusion Energy Co. marks a new phase in the large-scale development of controlled nuclear fusion [4] - The upstream materials sector is expected to benefit significantly from this high-growth industry, with a broad market potential for corresponding products [4]