Core Viewpoint - The rare earth market is experiencing a slight price increase for mainstream products, with specific price movements noted for various rare earth oxides and metals, indicating a mixed sentiment among market participants regarding future price trends [1] Price Movements - Praseodymium neodymium oxide averages at 749,200 CNY/ton, up by 6,800 CNY/ton - Praseodymium neodymium metal averages at 909,300 CNY/ton, up by 4,700 CNY/ton - Dysprosium oxide remains stable at 1,384,300 CNY/ton - Terbium oxide averages at 6,140,000 CNY/ton, up by 23,800 CNY/ton [1] Market Sentiment - The praseodymium neodymium market continues its upward trend, but the overall purchasing willingness from downstream magnetic material companies is low due to high prices - Actual transactions are decreasing as downstream companies begin to take holidays, limiting price support [1] Stock Performance - A-share market performance for rare earth permanent magnet concept stocks shows varied results: - Wolong New Energy (600173) latest price at 8.81 CNY, up by 6.27%, with a transaction volume of 764 million CNY - Long Magnetic Technology (300835) latest price at 76.77 CNY, up by 0.63%, with a transaction volume of 356 million CNY - Youyan Powder Materials (688456) latest price at 59.47 CNY, up by 0.54%, with a transaction volume of 283 million CNY - Steel Research Nack (300797) latest price at 18.08 CNY, down by 0.06%, with a transaction volume of 287,570 CNY - Hanghua Co., Ltd. (688571) latest price at 7.86 CNY, down by 0.25%, with a transaction volume of 25,051,700 CNY [1]

Group 1 - The rare earth market shows a slight increase in mainstream product prices, with praseodymium and neodymium oxide averaging 742,400 CNY/ton, up 1,900 CNY/ton, and praseodymium and neodymium metal averaging 904,600 CNY/ton, up 7,800 CNY/ton [1] - Dysprosium oxide remains stable at 1,384,300 CNY/ton, while terbium oxide also holds steady at 6,116,200 CNY/ton [1] - Supply of upstream raw materials remains tight, and metal enterprises are reluctant to sell, keeping praseodymium and neodymium metal prices high [1] Group 2 - The A-share market shows performance of some rare earth permanent magnet concept stocks, with Yingweiting (002334) at 10.07 CNY, up 10.05%, and Yujing Co. (002943) at 85.21 CNY, up 5.05% [2] - Other notable stocks include Wolong New Energy (600173) at 8.29 CNY, up 2.61%, and China Aluminum (601600) at 13.44 CNY, up 2.28% [2] - The trading volume for these stocks varies, with Yingweiting achieving a transaction amount of 867 million CNY and Yujing Co. reaching 1.549 billion CNY [2]

2026年1月28日稀土价格一览 | | | 中钨在线稀土产品报价表 | | | | | --- | --- | --- | --- | --- | --- | | | | 2026年1月28日 | | | | | 产品名称 | | 规格/含量/牌号 | 中钨在线报价 | 涨跌 | 車位 | | | 氧化铜 | La2O3/TREO 99.5-99.9% | 4.400.00 | 1 | 元/吨 | | | 氧化镇 | Eu2O3/TREO 99.95-99.99% | 170.00 | 1 | 元/千克 | | 轻 | 氧化籍 | Pr6011/TREO 99.0-99.9% | 735,000.00 | 1 25,000 | 元/吨 | | 編 | | | | | | | + | 氧化紋 | Nd2O3/TREO 99.0-99.9% | 726.000.00 | 1 21,000 | 元/吨 | | | 氧化墙钦 | (Nd2O3+PrcO11)/TREO275.0% | 698,000.00 | 1 8,000 | 元/吨 | | | 错效金属 | Pr/TREM 20-25% | 850.000.0 ...

Group 1 - The core viewpoint of the news is that Zhongxi Rare Earth has announced a positive earnings forecast for 2025, expecting a net profit attributable to shareholders of 100 million to 130 million yuan, marking a turnaround from losses in the previous year [2] - The company attributes its profit turnaround to the overall rising trend in the rare earth market in 2025, enhanced market analysis, improved management, and innovative marketing strategies, which led to increased production and sales of rare earth smelting separation and permanent magnet materials [2] - Other rare earth companies, including Northern Rare Earth and China Rare Earth, have also reported positive earnings forecasts for 2025, with Northern Rare Earth's net profit increasing by over 100% year-on-year [2] Group 2 - In 2025, prices for major light rare earth products have risen, while some medium and heavy rare earth product prices have continued to decline, with praseodymium-neodymium oxide prices increasing by 52.45% compared to the beginning of the year, while dysprosium oxide prices fell by 16.7% in the second half of the year [3] - Zhongxi Rare Earth is focusing on its core business, increasing efforts to clean up inefficient assets and exit loss-making enterprises, which has impacted the company's current profits due to the costs associated with these reforms [5] - The company's equity investment in Guangdong Dabao Mountain Mining Co., Ltd. has seen increased profitability due to rising copper, sulfur, and tungsten prices, leading to higher investment income recognized under the equity method [6]

中证智能财讯中稀有色（600259）1月27日晚间披露2025年度业绩预告，预计2025年归母净利润1亿元至1.3亿元，上年同期亏损2.99亿元；扣非净利润预计 1.3亿元至1.6亿元，上年同期亏损3.12亿元。以1月27日收盘价计算，中稀有色目前市盈率（TTM）约为207.68倍-269.99倍，市净率（LF）约7.73倍，市销率 （TTM）约3.18倍。 以本次披露业绩预告均值计算，公司近年市盈率（TTM）图如下所示： 近年来市盈率变化情况 (倍) 2,500 2337.6 2000 1,500 1,000 500 TT 8 SE 101,36 0 77668 64-0 -500 2020-12-37 2021-06-30 2021-12-37 r 市净率(LF)历史分位(%) 100 ହ୍ର ୨୦ 80 70 60 61027 50 48.4 42852 40 39x23 30 25.8 20 20.73 18:09 10 0 2020-12-37 1 2021-06-30 2021-12-37 <- 12-37 . 2n- 公司 -○- 行业均值 制图数据来自恒生聚源数据库 -○- 公司 -○- 行业 ...

025年稀土市场行情整体呈上涨趋势，公司紧跟市场行情积极把握机遇，通过强化市场研判、统筹企业 管理、加强上下游营销业务协同，并创新市场营销模式，推动稀土冶炼分离与永磁材料产销量实现增 长，从而达成预期利润。第四季度因中重稀土产品价格下降、推进改革出清以及确认参股企业投资减值 等因素影响，公司第四季度业绩有所下滑。 智通财经APP讯，中稀有色(600259.SH)发布2025年度业绩预告，预计2025年度实现归属于母公司所有 者的净利润为10,000万元至13,000万元，与上年同期(法定披露数据)相比，将实现扭亏为盈。 ...

Core Insights - The rare earth market is experiencing slight price adjustments, with specific products showing mixed trends in pricing [1] - Market sentiment indicates a majority of participants are neutral, with a slight increase in bullish sentiment compared to the previous week [1] - Factors influencing price movements include pre-holiday stockpiling by downstream magnetic material companies, logistics slowdowns due to the upcoming Spring Festival, and essential procurement by metal manufacturers [1] Price Summary - Praseodymium and Neodymium oxide average price is 672,400 CNY/ton, up by 800 CNY/ton [1] - Praseodymium and Neodymium metal average price is 810,100 CNY/ton, up by 500 CNY/ton [1] - Dysprosium oxide average price is 1,430,600 CNY/ton, down by 2,700 CNY/ton [1] - Terbium oxide average price is 6,314,500 CNY/ton, down by 10,100 CNY/ton [1] Market Sentiment - Last week, approximately 23% of market participants were bullish, 14% bearish, and 62% neutral, aligning with current market conditions [1] - This week, bullish sentiment has increased to 25%, while bearish sentiment has decreased to 11% [1] Influencing Factors - Price fluctuations are primarily driven by three factors: pre-holiday stockpiling by downstream companies, logistics slowdowns due to the Spring Festival, and essential procurement by metal manufacturers [1] - The current tight supply of praseodymium and neodymium oxide and metal suggests limited room for price corrections [1] - It is anticipated that mainstream product prices will continue to fluctuate before the holiday, with potential short-term price pressure due to traders liquidating inventory for cash before the holiday [1] Stock Performance - Selected rare earth permanent magnet concept stocks show varied performance: - Yujing Co., Ltd. (002943) latest price: 66.31 CNY, change: +0.01%, turnover: 176 million CNY [1] - Longhua Technology (300263) latest price: 10.54 CNY, change: +7.55%, turnover: 1.015 billion CNY [1] - Grinmei (002340) latest price: 9.66 CNY, change: +6.62%, turnover: 3.981 billion CNY [1] - Hengdian East Magnetic (002056) latest price: 21.85 CNY, change: +6.17%, turnover: 1.319 billion CNY [1] - Ashi Chuang (300706) latest price: 39.08 CNY, change: +5.71%, turnover: 572 million CNY [1]

Group 1: Rare Earth Market Overview - The prices of mainstream rare earth products showed slight adjustments, with praseodymium and neodymium oxide averaging 608,000 CNY/ton, down 700 CNY/ton; praseodymium and neodymium metal averaging 736,200 CNY/ton, down 1,800 CNY/ton; dysprosium oxide averaging 1,354,300 CNY/ton, up 9,700 CNY/ton; and terbium oxide averaging 6,006,400 CNY/ton, up 25,300 CNY/ton [1] - The transaction information for products like neodymium oxide, praseodymium oxide, lanthanum cerium oxide, and europium oxide was limited, indicating a cautious market [1] - The praseodymium and neodymium market is seeing increased transactions, with upstream suppliers maintaining firm pricing, although downstream demand remains slow [1] Group 2: A-Share Market Performance of Rare Earth Permanent Magnet Stocks - The latest prices and performance of select rare earth permanent magnet concept stocks were reported, with Jin Feng Technology at 24.09 CNY, up 9.99%, and a transaction volume of 1.3664 billion CNY [2] - China Aluminum Industry was priced at 13.97 CNY, up 7.37%, with a transaction volume of 764 million CNY [2] - Other notable stocks included Yujing Co. at 46.05 CNY, up 5.61%, and Jiaozuo Wanfang at 11.89 CNY, up 5.04%, with respective transaction volumes of 100 million CNY and 1.132 billion CNY [2]

Core Viewpoint - The rare earth market in China is currently experiencing a "price without market" situation, with divergent price trends for light and heavy rare earth products [5][6]. Group 1: Light Rare Earth Market - The prices of mainstream light rare earth products initially declined, then increased, and finally stabilized during the week. This was due to weak downstream demand and suppliers' inability to raise prices at the beginning of the week [2][7]. - Midweek, the strengthening of production cost support, increased inquiries from magnetic material companies, and tightening supply expectations contributed to suppliers' confidence in raising prices [7]. - As the weekend approached, the pace of downstream demand recovery slowed, and favorable factors began to diminish, leading to a slowdown in the rate of price increases [7]. Group 2: Heavy Rare Earth Market - The price trend for dysprosium and terbium was characterized by an initial decline followed by stabilization. At the beginning of the week, low market inquiry activity and financial pressures on rare earth manufacturers led to a strong inclination among suppliers to lower prices [3][8]. - By the end of the week, the significant price increase of praseodymium and neodymium helped stabilize dysprosium and terbium prices [8]. - Specific price changes included an increase of approximately 19,000 yuan/ton for praseodymium-neodymium oxide (3.30% increase), a rise of about 25,000 yuan/ton for praseodymium-neodymium metal (3.57% increase), a decrease of 70,000 yuan/ton for terbium oxide (1.14% decrease), and a drop of 10,000 yuan/ton for dysprosium oxide (0.74% decrease) [8]. Group 3: Regulatory Environment - On December 25, 2025, the Ministry of Commerce held a regular press conference addressing questions about China's restrictions on certain rare earth elements, particularly those needed for permanent magnets in the U.S. The spokesperson emphasized that most rare earth magnets are general import and export goods, and fluctuations in trade data are normal market phenomena [3][8]. - The Chinese government remains committed to maintaining the stability and security of the global supply chain and actively promotes and facilitates compliant trade [8].

Group 1 - The rare earth market is experiencing slight price adjustments, with praseodymium and neodymium oxide averaging 578,400 CNY/ton, down by 600 CNY/ton, and praseodymium and neodymium metal averaging 702,400 CNY/ton, down by 2,100 CNY/ton [1] - Dysprosium oxide prices increased slightly to 1,377,500 CNY/ton, up by 4,100 CNY/ton, while terbium oxide prices decreased to 6,291,400 CNY/ton, down by 17,400 CNY/ton [1] - Overall, the rare earth market atmosphere is weak, with limited trading activity and minor changes in downstream demand, suggesting that prices may continue to remain stable [1] Group 2 - Xiamen Tungsten Co., Ltd. has seen an increase in stock performance, with a rise of 2.29% and a market capitalization of 60.463 billion CNY, being the second largest in heavy rare earth mining in A-shares [5] - Jiyuan Tungsten Co., Ltd. also experienced a stock increase of 1.32% with a market capitalization of 11.89 billion CNY, holding a 13.17% stake in a rare earth company [5] - Jingyuntong Co., Ltd. had a significant stock increase of 10.03% with a market capitalization of 10.335 billion CNY, involved in the research and production of rare earth-based denitration catalysts [5]