机构：持续关注稀土产业链战略配置价值

Core Viewpoint - The supply and demand dynamics in the rare earth sector are expected to remain favorable, leading to continued performance improvement in the industry [1] Industry Summary - The 2025 China Rare Earth Industry Association's conference on rare earth metals and alloys will be held from November 6 to 8 in Hangzhou [1] - According to CITIC Securities, the performance of the rare earth sector is likely to continue rising due to the alignment with low-carbon and environmental policies in industries such as electric vehicles, wind power, and energy-saving motors [1] - The humanoid robot sector is anticipated to become a new growth driver, with global demand for neodymium-iron-boron magnets expected to reach 329,000 tons by 2027, corresponding to a CAGR of 13% from 2024 to 2027 [1] Market Dynamics - The CR4 (concentration ratio of the top four companies) in the neodymium-iron-boron industry is estimated to be around 29% in 2024, with expectations to rise to 42% by 2026 as leading companies expand production [1] - The traditional peak demand season is approaching, which is likely to further enhance the supply-demand balance, leading to stable price increases in rare earth materials [1] - It is projected that the performance of the rare earth industry chain will improve quarter by quarter in the third and fourth quarters of this year, suggesting a strategic value in continuing to monitor the rare earth industry chain [1]