内行人大揭秘，“工业维生素”稀土的反常识真相

Core Insights - Rare earth elements, often referred to as "industrial vitamins," are essential for various technologies despite their low usage in products [4][5] - China has established itself as a dominant player in the rare earth industry due to technological advancements and control over the entire supply chain [6] Group 1: Supply and Demand Dynamics - Global rare earth reserves are approximately 90 million tons, significantly higher than gold reserves of 0.064 million tons [4] - China's strict quota system has limited supply growth to only 5% last year, while demand from sectors like electric vehicles and wind energy is expected to grow at around 10% annually over the next 3-5 years [7] - The price disparity between domestic and international markets, with domestic praseodymium-neodymium oxide priced at approximately 547,000 CNY per ton compared to a proposed floor price of 789,000 CNY per ton in the U.S., further supports price increases [8] Group 2: Technological Advancements - China's success in rare earth extraction is attributed to the "cascade extraction technology" developed by academician Xu Guangxian, allowing for a purity level of 99.9999% (6N), surpassing the 99.99% (4N) achieved overseas [6] - China is the only country with a complete rare earth industry chain, making it difficult for other nations to rebuild their supply chains in the short term [6] Group 3: Investment Opportunities - Ordinary investors are encouraged to consider the rare earth ETF (159713), which includes over 40 stocks with nearly 50% exposure to both upstream and downstream segments of the industry [9]