——金属新材料高频数据周报（20260209-20260215）：氧化镨钕价格已至85万元/吨，近一个月涨26%、近三个月涨56%-20260226

Investment Rating - The report maintains a rating of "Buy" for the non-ferrous metals sector [5] Core Insights - The prices of key materials in the non-ferrous metals sector have shown significant fluctuations, with praseodymium and neodymium oxide reaching 850,000 CNY/ton, marking a 26% increase over the past month and a 56% increase over the past three months [1] - The report highlights the rising prices of lithium hydroxide and cobalt, which are critical for the new energy vehicle sector, indicating strong demand and potential investment opportunities [1][4] - The report suggests focusing on companies with cost advantages and resource expansion potential in the lithium mining sector, as well as those involved in cobalt and tungsten production [4] Summary by Sections New Materials in Military Industry - Electrolytic cobalt price is 423,000 CNY/ton, with a week-on-week increase of 0.7% [9] - The price ratio of electrolytic cobalt to cobalt powder is 0.74, indicating stable demand in the military sector [10] New Materials in New Energy Vehicles - Lithium carbonate and lithium hydroxide prices are 143,800 CNY/ton and 137,600 CNY/ton, respectively, with increases of 6.9% and 3.9% [34] - The report notes that the production of new energy vehicles in January 2026 was 1.041 million units, a decrease of 39.4% month-on-month but an increase of 2.6% year-on-year [32] New Materials in Photovoltaics - The price of photovoltaic-grade polysilicon remains stable at 6.19 USD/kg, while EVA prices are at 9,650 CNY/ton, also stable [2] New Materials in Nuclear Power - Uranium price increased to 69.71 USD/pound, reflecting a 9.8% rise [2] New Materials in Consumer Electronics - The price of crude indium has decreased by 4.5%, while the price of high-purity gallium remains stable [3] Investment Recommendations - The report recommends focusing on companies in the non-ferrous metals sector, particularly those involved in lithium, cobalt, and tungsten production, as well as those with strong market positions in praseodymium and neodymium [4]