ZGXT(SZ:000831) Xin Lang Cai Jing·2026-02-10 12:40Core Insights - The inventory rate of China's rare earth separation plants reached 459.03% in December, an increase from 372.31% year-on-year and 418.58% month-on-month, reflecting a year-on-year increase of 23.29% and a month-on-month increase of 9.66% [6][7][11] Group 1: Inventory Rates - The average inventory rate for China's rare earth separation plants from January to December 2025 was 391.87%, down 6.00% from 417.48% in the same period last year [7] - The inventory rate for operational rare earth separation plants in December was 437.97%, showing a year-on-year increase of 20.24% and a month-on-month increase of 9.81% [7][11] Group 2: Provincial Inventory Rates - The provinces with the highest inventory rates in December were Jiangxi, Sichuan, and Jiangsu, with Jiangxi at 869.05%, Sichuan at 468.53%, and Jiangsu at 272.22% [5][11] - Jiangxi's inventory rate remained unchanged from the previous month but increased from 797.28% year-on-year, while Sichuan's inventory rate rose significantly from 173.81% year-on-year [5][11]