Group 1: High-Tech Manufacturing Index - The Guosen weekly high-tech manufacturing diffusion index A recorded 0, while index B was at 51.2, remaining unchanged from the previous period[1] - Prices for acrylonitrile and dynamic random-access memory (DRAM) increased, indicating a rise in the aerospace and semiconductor sectors[1] - Prices for 6-amino penicillanic acid and lithium hexafluorophosphate decreased, reflecting a downturn in the pharmaceutical and new energy sectors[1] Group 2: Price Tracking and Policy Developments - The price of 6-amino penicillanic acid is 260 RMB/kg, down 20 RMB/kg from last week; acrylonitrile is 8600 RMB/ton, up 50 RMB/ton[2] - DRAM prices rose to 1.0800 USD, an increase of 0.063 USD; wafer prices fell to 2.73 USD, down 0.01 USD[2] - A meeting on May 27 emphasized support for EU semiconductor companies and hinted at potential relaxation of rare earth export controls to European chip firms[2] Group 3: Economic Indicators - Fixed asset investment cumulative year-on-year growth is at 4.00%[4] - Retail sales growth for the month is at 5.10% year-on-year[4] - Monthly export growth stands at 8.10% year-on-year[4]

在中国的稀土管控政策下，美国的半导体、军工、新能源等行业饱受冲击，美国的能源和农产品对华出 口还处于低迷状态，而军工、能源和粮食是特朗普的基本盘。在这种背景下，近日美媒炒作中方放松了 对美稀土出口管制，理由是中方发放了4张稀土出口许可证，这是中国自上个月对7类中重稀土实施出口 限制后，首次发放出口许可。不排除是特朗普政府的授意，目的是试探中方的态度，为接下来的谈判定 下基调，但美方的算盘很难打响。 如果这样，我们不妨可以高价出售稀土给美国，但禁止美国出售使用中国稀土制造的武器装备给台湾 省，如果不停，就全面中断对美国稀土出口。也就是说，稀土这张牌，我们可以不断地打，反复地打， 既可以和关税战结合，也可以和关税战脱离，中美之间的针锋相对，并非仅仅针对特朗普的关税疯狂， 需要打系统战、总体战、混合战，让特朗普无法施展流氓政治，基于实力和地位坚决地斗争，并获得彻 底的胜利。 据北京青年网报道，近日，外交部发言人主持例行记者会。有记者提问，美国贸易代表格里尔本周告诉 美媒体，中国同意解除近期后发布的出口反制措施，包括对稀土矿物和磁铁的出口管制。中方已宣布修 改几项非关税反制措施，但没有修改稀土方面的限制。中方是否计划 ...

Core Viewpoint - Lynas Rare Earths has announced successful production of heavy rare earths, aiming to supply the US and Europe, raising questions about whether this can break China's dominance in the rare earth sector [1][9] Global Rare Earth Industry Landscape - Rare earth elements, known as "industrial vitamins," are crucial in modern technology, with China dominating the global market, producing over 60% of rare earth minerals and 92% of refined supply in 2023 [1][8] - The US heavily relies on China for rare earth imports, with 70% of its rare earth compounds and metals sourced from China between 2020 and 2023 [1][8] Lynas' Production and Cost Challenges - Lynas plans to separate 1,500 tons of heavy rare earths annually, which is only about 5% of China's output of 10,000 to 20,000 tons [3][9] - Lynas' production cost ranges from $10 to $15 per kilogram, significantly higher than China's cost of $4 to $7 per kilogram, not accounting for additional environmental processing costs [3][5] Technical and Operational Limitations - Lynas faces technical challenges, with its extraction process only replicating 30% of China's technology, resulting in lower purity of its products [5][9] - The company struggles with initial processing in Australia and relies on second-hand equipment from China, leading to operational inefficiencies [5][9] US Rare Earth Resource and Processing Issues - Despite having significant rare earth reserves, the US lacks refining capabilities, with over 90% of its rare earth chemical products dependent on China [7][8] - The US military faces production disruptions due to rare earth shortages, particularly for critical components like the F-35 fighter jet [7][8] Impact of China's Export Controls - China's export controls on certain rare earths have led to price surges and inventory shortages in the US and Europe, highlighting the global supply chain's vulnerability [8][9] - Other countries are investing in recycling and alternative materials, but these efforts will take considerable time and resources to yield results [8][9] Conclusion on Lynas and Global Market Dynamics - Lynas' ambitions are overshadowed by the reality of China's overwhelming advantages in production, cost, technology, and supply chain integrity [9] - The prospect of the US and Europe reducing dependence on China for rare earths remains unlikely in the near term, as China continues to play a central role in the global market [9]

中国欧盟商会彦辞（Jens Eskelund）在北京告诉会员和记者，欧洲现在面临着一种情况，一些公司本周 即将用完生产所需的材料。 【文/观察者网 张菁娟】中方管制稀土出口虽精准反击特朗普关税，却也着实令不少西方企业直呼疼。 据《日经亚洲》报道，中国欧盟商会28日警告称，中方管制措施有可能使欧洲制造商在数日内面临停产 危机。不过，商务部最新政策宣讲释放出对欧芯片出口可能松动的信号。 中方强调，此次中国政府依法对相关物项实施出口管制，目的是更好维护国家安全和利益，履行防扩散 等国际义务。相关物项具有军民两用属性，对其实施出口管制是国际通行做法。 《金融时报》此前报道称，中国的出口管控聚焦于中重稀土，这些稀土可制造耐高温的高性能磁铁，如 镝、铽和钐，对军用战斗机、导弹和无人机，以及电动和混合动力车的转子、电机和变速器至关重要。 虽然稀土金属在地壳中较为常见，但以低成本且环保的方式提取难度较大，中国在重稀土加工方面几乎 处于垄断地位。根据国际能源署数据，2023年，约90%的精炼稀土来自中国。 本月早些时候，中美双方同意在90天内暂停关税措施，将税率下调115%，但中国仍严控稀土出口管 制，启动稀土出口许可证制度。 ...

Group 1 - China is committed to high-level opening-up and welcomes US financial institutions to participate in the development of its capital markets [1] - The Ministry of Commerce recently discussed the potential relaxation of export controls on rare earths to European chip companies during a meeting with semiconductor enterprises [4] - The Shenzhen government has released draft regulations for the management of affordable housing, emphasizing strict management to prevent conversion to commercial housing [8] Group 2 - Tianyuan Pet announced plans to acquire 89.71% of Taotong Technology for 688 million yuan [9] - China Energy Construction's subsidiary won a coal power project with a contract value of approximately 14.586 billion yuan [10] - Nvidia reported first-quarter revenue of $44.1 billion, a 69% year-over-year increase, and a net profit of $18.78 billion, up 26% year-over-year [18]

1、国务院新闻办公室将于2025年5月29日（星期四）下午3时举行"新征程上的奋斗者"中外记者见面 会。 2、国际机器人技能大赛媒体通气会5月28日在上海张江举行。机器人何时能进入工业场景、如何进入家 庭、如何在创新场景应用成为关注焦点。 4、据中国日报报道，知情人士表示，商务部在近日召开的中欧半导体上下游企业座谈会上，对稀土出 口管制政策进行了宣讲，或预示放松对欧芯片企业出口。 智通财经5月28日晚间新闻精选 5、中国黄金：控股股东拟1.68亿元-3.35亿元增持公司股份。中旗股份：公司目前有氯虫苯甲酰胺的项 目审批手续 但目前并未正式投产。5连板尚纬股份：公司实际控制人已变更为张华。四连板融发核电： 目前经营情况正常 不存在公司应披露而未披露的重大事项。11天7板永安药业：近期公司股价短期涨幅 较大 存在较高的炒作风险。 3、福建印发《福建省提振消费专项行动实施方案》，为符合条件的生育家庭发放生育补贴；鼓励有条 件的地方发放结婚消费券、托育券。 ...

Core Insights - China's rare earth imports have surpassed exports in recent years, driven by increased domestic demand for high-tech industries and strategic resource enhancement [1][2] - The U.S. heavily relies on China for rare earth elements, with approximately 70% of its imports coming from China, highlighting the need for the U.S. to diversify its supply sources [4][9] Import and Export Trends - In the first quarter of 2025, China imported 24,679.1 tons of rare earths worth 1.87 billion yuan, a decrease of 30.9% in quantity and 30.2% in value compared to the previous year [2] - During the same period, China exported 14,177.6 tons of rare earths valued at 920 million yuan, with a 5.1% increase in quantity but a 9.8% decrease in value year-on-year [2] U.S. Dependency and Strategic Moves - The U.S. is a major consumer of rare earths, particularly for defense applications, which account for 35% of its usage, significantly higher than the global average of 8% [9] - The U.S. government has initiated several measures to reduce reliance on Chinese rare earths, including contracts with companies like Lynas USA to establish domestic processing facilities [11] Government Actions and Policies - The U.S. Department of Defense signed a contract worth $120 million with Lynas in June 2022 to build a heavy rare earth separation facility in Texas, which was later increased to approximately $258 million [11] - The U.S. has also passed legislation to encourage domestic mining and processing of critical minerals, aiming to reduce dependence on foreign imports [11] International Cooperation and Future Outlook - The U.S. is exploring partnerships with other countries to develop rare earth projects, including discussions with Greenland for resource access [11] - The U.S. is considering regulatory changes to expedite deep-sea mining for critical minerals, reflecting a strategic shift towards enhancing domestic resource development [11]

公司改革清单完成率达 94%，超计划完成进度目标。兴邦公司获国家专 精特新小巨人认定；盛源公司获得高企认定；富源公司成功收获广东省 博士工作站。多项技术达到国际领先水平，并获得多项科技奖项。 中国自 2025 年 4 月初对部分中重稀土金属物项实施出口管制，境外产 品价格有所上涨，体现其战略价值。广晟有色加大研发投入，提高分离 技术回收率减少氨氮排放降低成本，其兴邦公司处于绝对领先地位。即 使境外企业想重建供应链，也难以短期内实现大规模产业化。这种技术 迭代巩固了中国定价权。 公司将依托新峰矿等自有矿权，加快绿色矿山智能化改造，提升资源开 发效率和环保水平。同时，通过探矿权增储和矿区周边资源整合等方式 逐步扩大中重稀土资源掌控量，夯实公司资源战略地位。 广晟有色在 2025 年的战略方向是什么？ 2025 年广晟有色将全面贯彻落实中央经济工作会议精神，定位为公司高质量 发展攻坚突破年。战略方向包括五个方面：一是聚焦服务国家战略，在增强核 心功能上实现新突破；二是聚力价值创造，在增强效率效益上实现新突破；三 是聚力结构优化，在构建现代产业体系上实现新突破；四是聚力科技强企，在 培育和发展新质生产力上实现新突破； ...

Group 1 - The initial agreement between China and the US on tariff issues is perceived by many as a victory for China, but the situation is more complex than it appears [1] - Shortly after the joint statement, the US took action against Huawei's Ascend chips by issuing a "global ban," indicating a shift in focus from tariffs to AI chip restrictions [3] - China has countered with a "rare earth export control pre-filing," which serves as a warning to countries that might cooperate with the US against Huawei [5] Group 2 - In response to the US's unpredictable actions, China has adopted a strategy of reciprocal measures, warning countries against complying with US restrictions on Huawei's Ascend chips [6] - The US's attempt to regain leverage in the AI chip sector backfired, leading to a modification of their stance from a "global ban" to a "risk warning" [7] - The ongoing US-China negotiations highlight the need for China to remain vigilant and strengthen its position, as the competition is not merely about words but about power dynamics [8]

Group 1 - The U.S. Trade Representative reported that China agreed to lift export countermeasures imposed after April, including restrictions on rare earth minerals and magnets, although no changes were made to rare earth export controls [1] - China holds 70% of global rare earth mining and 92% of refining capacity, making it a dominant player in the rare earth supply chain [4] - The U.S. has been slow to develop its rare earth sector due to environmental regulations and high costs, with companies like Neo Performance Materials stating that it takes at least 29 years to establish a rare earth mine in the U.S. [3] Group 2 - Rare earths are critical for high-tech and military industries, used in advanced equipment such as F-35 fighter jets and renewable energy technologies [4] - Recent reports suggest that China issued four rare earth export licenses, the first since imposing restrictions on certain rare earths, which may be a strategic move ahead of negotiations [6] - The U.S. military and energy sectors are heavily reliant on rare earths, and China's control over pricing and supply has led to significant price increases, with dysprosium prices in Europe rising over 200% [6][8] Group 3 - The U.S. has attempted to reduce reliance on Chinese rare earths through various measures, but lacks the necessary separation and purification technology, making it difficult to rebuild the supply chain [6][8] - Analysts indicate that rebuilding a complete rare earth supply chain outside of China could take 10 to 15 years, during which time U.S. industrial security may be compromised [8]