钨精矿再创历史新高，氧化镨钕高位震荡整理

Group 1: Rare Earths - Recent price movements show a 4.18% decrease in praseodymium and neodymium oxide to 572,500 CNY/ton, while dysprosium oxide increased by 0.62% to 1,625,000 CNY/ton, and terbium oxide rose by 1.41% to 7,175,000 CNY/ton [1][2] - The U.S. Department of Defense has agreed to invest $400 million in MPMaterials, becoming its largest shareholder, and set a procurement price of $110 per kilogram for the two most commonly used rare earths, neodymium and praseodymium [1][2] - MPMaterials has announced a $500 million partnership with Apple to supply critical raw materials for its electronic products [1][2] Group 2: Molybdenum - Molybdenum concentrate prices increased by 0.22% to 4,515 CNY/ton, while molybdenum iron (Mo60) prices decreased by 0.69% to 287,500 CNY/ton [3] - Supply signals indicate a gradual contraction in molybdenum concentrate, while demand from steel mills is increasing, leading to a short-term strong price fluctuation [3] - Recommended companies to watch include Jinduicheng Molybdenum [3] Group 3: Tungsten - Black tungsten concentrate prices rose by 13.60% to 284,000 CNY/ton, and ammonium paratungstate prices increased by 12.16% to 415,000 CNY/ton [4] - Supply constraints due to reduced mining quotas and stable domestic demand are supporting tungsten prices [4] - Companies to monitor include China Tungsten and Hightech Materials, Xiamen Tungsten, and Zhangyuan Tungsten [4] Group 4: Tin - Tin prices on SHFE fell by 1.69% to 274,000 CNY/ton, and LME tin decreased by 2.14% to $34,800/ton [5] - Supply issues due to low operating rates in Yunnan's refining sector and weak demand from electronics and home appliances are affecting the market [5] - Companies to focus on include Yunnan Tin Company, Huaxi Group, and Xinyi Silver Tin [5] Group 5: Antimony - Antimony ingot prices remained stable at 182,500 CNY/ton, while antimony concentrate prices held at 160,000 CNY/ton [6] - Supply tightness is driven by a halt in overseas mineral imports and low operating rates in smelting plants [6] - Anticipated recovery in export demand starting in October may boost marginal demand [6] Group 6: Nuclear Fusion New Materials - The commercialization of controlled nuclear fusion is accelerating, with significant breakthroughs in welding technology recognized internationally [7] - CFS has raised $863 million in funding, planning to deploy a nuclear fusion reactor in Japan by the late 2030s or early 2040s [7] - Companies to watch in this sector include Antai Technology, SRE New Materials, and West Superconducting [7]