有色金属行业周报：稀土供需改善，价格有望持续回暖报告要点

Investment Rating - The report indicates a positive outlook for the rare earth industry, suggesting a potential for price recovery in the near term [1]. Core Viewpoints - The supply and demand dynamics for rare earths are improving, with a significant reduction in the growth rate of rare earth quotas for 2024, leading to a recent increase in prices. The total control indicators for rare earth mining and separation for the first two batches in 2024 are set at 270,000 tons and 254,000 tons, reflecting year-on-year increases of 5.9% and 4.2% respectively, which are significantly lower than the previous year's growth rates of 21.4% and 20.7% [1][9]. - The report anticipates that rare earth prices will continue to rise in Q3 2024, supported by new policies aimed at controlling supply and boosting demand in sectors such as new energy vehicles and home appliances [1][9]. Summary by Sections Recent Insights - The rare earth price index has shown a week-on-week increase of 4.21%, indicating a recovery trend [1][9]. - The introduction of the "Rare Earth Management Regulations" in October 2024 is expected to further control the mining and production activities, alleviating the oversupply situation in the industry [1][9]. Market Overview - The overall market for non-ferrous metals has seen fluctuations, with the Shenyin Wanguo Metal New Materials Index reporting a week-on-week decline of 3.82% and a year-on-year decline of 24.60% [11][13]. Key Company Performance - The report highlights the top-performing companies in the sector, with notable increases in stock prices for companies such as Guan Shi Technology and Lu Wei Optoelectronics, reflecting positive market sentiment [23][25]. Industry Hotspots - The research team from China Minmetals has developed ultra-pure graphite with a purity of over 99.99995%, marking a significant advancement for high-end carbon-based materials in strategic emerging industries [29].