中信证券：预计三、四季度稀土产业链业绩或逐季提升，持续推荐稀土产业链战略配置价值

Core Viewpoint - The implementation of the "Rare Earth Management Regulations" on October 1, 2024, marks the beginning of a new era of high-quality and standardized development in the rare earth industry [1] Group 1: Industry Trends - Continuous growth in downstream demand from sectors such as electric vehicles, air conditioning, and consumer electronics is expected [1] - The commercialization process of humanoid robots is accelerating, which is likely to open up long-term demand growth for rare earth permanent magnets [1] Group 2: Market Outlook - The gradual recovery of exports, combined with the approaching traditional demand peak season, suggests that rare earth prices are likely to stabilize and improve [1] - It is anticipated that the performance of the rare earth industry chain will improve quarter by quarter in the third and fourth quarters [1] - The company continues to recommend strategic allocation value in the rare earth industry chain [1]