中信证券：预计三、四季度稀土产业链业绩或逐季提升

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] Industry Summary - Continuous growth in downstream demand from sectors such as electric vehicles, air conditioning, and consumer electronics is expected [1] - The acceleration of commercialization in humanoid robots is anticipated to open up new growth opportunities for future demand for rare earth permanent magnets [1] - 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 projected that the performance of the rare earth industry chain may improve sequentially in the third and fourth quarters [1] - The rare earth industry chain is recommended for strategic allocation due to its ongoing value [1]