从投资视角看，中证稀土产业指数聚焦稀土产业链核心环节，覆盖从采选、冶炼到精深加工及下游应用 的龙头企业。稀土ETF易方达（159715）管理费率仅为0.15%/年，为全市场ETF中最低一档，为投资者 提供了布局稀土产业的低成本工具。 2026年开年以来，轻稀土价格上涨动能强劲，以氧化镨钕为代表的稀土价格高斜率攀升，截至2月9日， 氧化镨钕价格为80.5万元/吨，周环比涨9.9%，月环比涨28.8%，稀土板块逐渐重回基本面定价。 截至13:48，中证稀土产业指数上涨2.9%，成分股中，北矿科技、格林美涨停，厦门钨业涨超8%，焦作 万方涨超7%，北方稀土涨超5%。 有分析认为，长期看，稀土行业的供需关系出现实质性好转。供给端，稀土开采和稀土冶炼分离总量调 控管理办法落地，中长期供给无虞，国内稀土指标增速放缓使供给增幅大幅落后于需求扩张；需求端， 机器人、低空经济、军工等产业发展带动需求释放，与供给端共振向好。 ...

Core Viewpoint - The data indicates significant capital inflows into various stocks, highlighting potential investment opportunities in specific sectors such as energy metals, rare metals, and technology [1][2][3] Group 1: Stock Performance and Capital Inflows - The top stock with capital inflow is Greeenmei, attracting 1.312 billion yuan with a price increase of 9.84% [2] - Northern Rare Earth follows closely with 1.305 billion yuan inflow and a 4.94% rise [2] - Zijin Mining received 0.809 billion yuan with a 1.6% increase [2] - Zaiseng Technology saw a capital inflow of 0.763 billion yuan, marking a 10% rise [2] - Wangsu Technology attracted 0.701 billion yuan with a notable increase of 10.22% [2] Group 2: Sector Analysis - The energy metals sector is represented by Greeenmei and Huayou Cobalt, both showing strong capital inflows and positive price movements [2] - The rare metals sector includes Northern Rare Earth and Zhongtung High-tech, both experiencing significant inflows and price increases [2] - The technology sector is highlighted by Wangsu Technology and Zaiseng Technology, both of which have seen substantial capital inflows and notable price gains [2][3]

Core Viewpoint - The domestic rare earth market is experiencing a price increase, reflecting a tight supply-demand balance, driven by strict production controls and rising demand from various industries [1][4]. Group 1: Price Trends - As of February 10, 2026, the average price of praseodymium and neodymium oxide is 850,200 CNY/ton, up by 51,400 CNY/ton; the average price of praseodymium and neodymium metal is 1,016,000 CNY/ton, up by 39,700 CNY/ton; the average price of dysprosium oxide is 1,412,200 CNY/ton, up by 11,400 CNY/ton; and the average price of terbium oxide is 6,234,300 CNY/ton, up by 20,000 CNY/ton [1][4]. - The core category, praseodymium and neodymium oxide, has seen a cumulative increase of over 39% compared to the beginning of the year when it was priced at 610,000 CNY/ton [1][4]. Group 2: Supply and Demand Dynamics - The strong price trend indicates a continued tight supply-demand situation in the rare earth market, reinforcing bullish market expectations [1][4]. - On the supply side, China, as the dominant producer, implements strict total control and export restrictions on rare earth mining, limiting the release of supply capacity and weakening global trade flow, leading to tight inventories in both domestic and international markets [1][4]. - On the demand side, rapid development in industries such as new energy vehicles, military aerospace, and advanced manufacturing has created significant demand for rare earths [1][4]. Group 3: Investment Opportunities - The supply-demand dynamics of rare earths are primarily influenced by domestic industrial policies and the rigid demand from new energy and high-end manufacturing, with relatively low correlation to global macro liquidity and risk aversion [2][5]. - The rare earth ETF (516780) saw a strong net inflow of 290 million CNY in a single day, with a trading volume of 428 million CNY, representing a significant increase of over 185% compared to the previous trading day [2][5]. - The ETF and its linked funds closely track the CSI Rare Earth Industry Index, which covers various segments of the rare earth industry, providing investors with effective tools to capture development opportunities [2][5]. Group 4: Key Companies - As of February 10, 2026, the top five constituents of the CSI Rare Earth Industry Index include Northern Rare Earth, Goldwind Technology, Xiamen Tungsten, China Aluminum, and Greeenme, all of which are competitive leading companies in the industry [2][5].

Market Overview - A-shares opened lower on February 11, with mixed performance across major indices. The Shanghai Composite Index closed at 4137.55 points, up 0.22%, while the Shenzhen Component Index fell 0.07%, and the ChiNext Index dropped 0.91% [2][3]. Sector Performance - The non-ferrous metals sector showed a significant rebound, particularly in tungsten-related stocks, with companies like Xianglu Tungsten and others hitting the daily limit [5][6]. - The chemical sector also performed strongly, with multiple stocks reaching their daily limit, driven by price increases in various chemical products [9][11]. Individual Stock Highlights - Notable performers in the non-ferrous metals sector included: - Luoyang Molybdenum, up over 4% - Xianglu Tungsten, Zhangyuan Tungsten, and others hitting the daily limit - Prices for tungsten concentrate have risen, with 65% black tungsten quoted at 697,000 CNY/ton, up 7,000 CNY from the previous day [6][8]. - In the chemical sector, stocks like Sanfangxiang, Xinjinlu, and Jinniu Chemical all reached their daily limit, with Wanhuah Chemical rising over 4% [11][12]. Market Trends - The demand for tungsten and other minor metals is increasing due to rapid growth in high-demand sectors like new energy and photovoltaics, leading to a favorable market environment for these materials [8]. - A recent UBS report has raised expectations for the Chinese chemical industry, predicting a new upward cycle from 2026 to 2028, driven by multiple positive factors [12]. Media and Entertainment Sector - The media and entertainment sector experienced a significant pullback, with several stocks, including Huayi Brothers and Wanda Film, seeing declines of over 10% [19][20]. - The recent surge in film ticket sales during the Spring Festival has not sustained, leading to a sharp correction in stock prices [20].

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index closing at 4137.55 points, up 0.22%, while the Shenzhen Component Index fell by 0.07% and the ChiNext Index dropped by 0.91% [2][3] - A total of 2728 stocks rose, with 53 hitting the daily limit, while 2475 stocks declined. The trading volume for the day was 1.3 trillion yuan, a decrease of 949 billion yuan from the previous trading day [3] Sector Performance - The non-ferrous metals sector rebounded significantly, with tungsten-related stocks experiencing a surge, including companies like Xianglu Tungsten Industry and Zhongtung High-tech [4][5] - The chemical sector also showed strength, driven by price increases, with a report from UBS predicting a new upward cycle for the Chinese chemical industry from 2026 to 2028 [9] Individual Stock Highlights - Baichuan Co. saw its stock price rise sharply, achieving 8 consecutive limit-ups over 11 days, attributed to advancements in its new materials business and rising product prices. The company reported a projected 165% year-on-year increase in negative electrode material shipments by 2025 [9][10] - In the tungsten market, prices have been on the rise, with 65% black tungsten concentrate quoted at 697,000 yuan per ton, an increase of 7,000 yuan from the previous day [7] Media and Entertainment Sector - The media and entertainment sector faced a significant downturn, with major stocks like Huayi Brothers and Wanda Film dropping over 10%. This decline follows a previous surge driven by expectations of increased box office revenues during the Spring Festival [10][11][12]

A股三大指数早盘走势分化，有色金属概念股走强，稀土板块表现亮眼。北矿科技、格林美涨停，厦门 钨业涨超7%，北方稀土涨超5%。 有分析认为，国内稀土价格未来上涨预期持续攀升，当前氧化镨钕价格突破70万元/吨关口，2026一季 度稀土产业有望保持业绩高增。长期看，稀土行业供需关系持续改善，供给方面，开采与冶炼分离实行 总量调控，国内指标增速放缓，供给增长滞后于需求扩张；需求方面，机器人、低空经济、军工等产业 快速发展拉动需求释放。此外，海外冶炼成本高企等因素也对价格形成支撑，稀土战略价值有望迎来重 估。 资料显示，稀土ETF（159713）跟踪中证稀土产业指数，该指数选取涉及稀土开采、稀土加工、稀土贸 易和稀土应用等业务相关上市公司证券作为样本，以反映稀土产业上市公司证券的整体表现。 （文章来源：每日经济新闻） 受盘面影响，稀土ETF（159713）涨超3%。 消息面上，美国计划启动关键矿产储备项目"金库计划"，强化了稀土作为"战略金属"的长期溢价逻辑。 ...

三大指数早盘涨跌不一，截至午盘，沪指涨0.22%，深成指跌0.07%，创业板指跌0.91%，北证50指数跌0.06%，沪深京三 市半日成交额13095亿元，较上日缩量965亿元。全市场超2700只个股上涨。板块题材上，有色金属、稀土永磁、化学纤维、染 料、油气开采及服务、固态电池、算力租赁、钢铁、造纸、电力板块涨幅居前；影视院线、短剧游戏、教育、CPO、铜缆高速 连接、光伏设备板块跌幅居前。盘面上，受涨价催化影响，小金属、稀土、化工等板块集体走强，章源钨业、翔鹭钨业创新 高，北矿科技、格林美、美邦股份、金牛化工涨停。AI应用推动云计算需求增加，算力租赁板块延续活跃，大位科技收获3连 板。此外，固态电池、钢铁、港口航运等板块盘中轮动。另一方面，昨日大涨的影视、短剧游戏板块集体回调，横店影视、浙 文影业封跌停，华谊兄弟、华策影视亦大幅下挫。光伏设备板块延续调整，泽润新能、双良节能领跌。 ...

Group 1 - The Shanghai Composite Index rose by 0.27%, while the Shenzhen Component Index increased by 0.08%, and the ChiNext Index fell by 0.60% as of February 11 [2] - Small metals, energy metals, and cobalt sectors showed significant gains, with the battery ETF (561910) increasing by 1.21% [2] - Key stocks such as Greeenmei (002340.SZ) hit the daily limit, while New Zhoubang (300037.SZ), Zhongwei New Materials (300919.SZ), and Duofuduo (002407.SZ) rose over 5% [2] Group 2 - Aijian Securities forecasts that the domestic battery and lithium iron phosphate cathode material production will exceed that of the same period in 2024, with lithium carbonate prices recently declining and energy storage cell prices rising [3] - The implementation of a new pricing mechanism for independent energy storage capacity on the grid side is expected to further drive energy storage demand, promoting growth in the lithium battery industry [3] - Xinyi Securities notes that since the second half of 2024, solid-state battery sector has seen frequent catalytic events, boosting the overall prosperity of the lithium battery sector [3]

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 600980 | 北矿科技 | | 9.98 | 50.04亿 | 15.06 | | 002340 | 格林美 | | 9.95 | 485亿 | 13.64 | | 600111 | 北方稀土 | 长 | 6.68 | 2068亿 | 24.02 | | 300127 | 银河磁体 | | 6.12 | 123亿 | 25.12 | | 920505 | 九菱科技 | | 5.69 | 33.75亿 | 19.94 | | 688456 | 有研粉材 | 1 | 5.47 | 68.50亿 | -14.95 | | 002497 | 雅化集团 | | 5.47 | 307亿 | 7.52 | | 600549 | 厦门铝业 | 1 | 5.41 | 966亿 | 48.12 | | 300748 | 金力永磁 | 兼 | 4.85 | 529亿 | 12.78 | | 920807 | 奔朗新材 | - | 3.96 | 28.66亿 | 8.24 | ...

Group 1 - The price of MMLC battery-grade lithium carbonate increased to 138,850 CNY/ton, up by 2,050 CNY/ton from the previous day, indicating a tightening supply-demand situation in the lithium battery industry [1] - The lithium battery supply chain is experiencing historical low prices, with manufacturers strongly advocating for price increases due to three consecutive years of profit pressure [1] - Key materials like lithium carbonate and hexafluorophosphate are expected to see price elasticity as new supply is limited until 2026 [1] Group 2 - BYD's January export sales reached 100,000 units, a year-on-year increase of 43.3%, driven by deepening local production layouts in overseas markets [2] - The global supply chain for power batteries is evolving from "single-point supply" to "regional collaboration," enhancing the market share of leading battery companies [2] - The demand for next-generation power batteries is shifting towards lightweight, high energy density, fast charging, and adaptability to extreme environments, influenced by the acceleration of humanoid robot industrialization [2] Group 3 - As of February 11, 2026, the Guozheng New Energy Vehicle Battery Index rose by 2.31%, and the Battery ETF increased by 2.34%, reflecting strong market performance [3] - The Battery ETF has seen significant growth, with an increase of 8.811 billion CNY in scale over the past six months and a rise of 64.63 million shares [3] - The Battery ETF focuses on leading A-share companies in the battery manufacturing, materials, management systems, and charging pile sectors, closely tracking the performance of the new energy vehicle battery industry [3]