Core Viewpoint - The rare earth sector is experiencing significant growth driven by soaring profits from leading companies and rising prices for rare earth materials, leading to a surge in market interest and stock performance [1][2][3]. Group 1: Company Performance - Northern Rare Earth has reported a projected net profit increase of over 55 times, with expected net profit for the first half of 2025 ranging from 900 million to 960 million yuan, marking a year-on-year increase of 1882.54% to 2014.71% [1]. - The company anticipates a non-GAAP net profit of 880 million to 940 million yuan for the same period, reflecting a year-on-year growth of 5538.33% to 5922.76% [1]. - The overall performance of the rare earth sector has improved, with major products like rare earth metals and permanent magnets seeing increased production and sales [2]. Group 2: Price Adjustments - Northern Rare Earth and Baotou Steel announced a price increase for rare earth concentrates, raising the price by 284 yuan per ton, which represents a 1.5% increase from the previous quarter [3]. - As of July 9, 2025, the price of praseodymium-neodymium oxide in China reached 452,500 yuan per ton, with a year-to-date increase of 12.42% and a year-on-year growth of 24.83% [2]. Group 3: Market Dynamics - The rare earth market is currently more active than the previous year, influenced by tightened upstream raw material supply and stimulating policies for downstream consumption [2]. - The Chinese government has implemented regulations to protect rare earth resources, which is expected to support prices in the long term [7][8]. - The crackdown on smuggling and illegal activities in the rare earth sector is likely to have a lasting impact on domestic supply, concentrating the industry around major players [9][10]. Group 4: Institutional Focus - Institutions are focusing on the strategic value of the rare earth sector, emphasizing the unique technological and operational advantages of China's rare earth processing capabilities [10]. - There is a recommendation to pay attention to leading companies in high-performance magnetic materials and those with strong growth potential in the rare earth industry, such as Northern Rare Earth and Kinglong Permanent Magnet [10].

具体来看，北方稀土发布公告称，预计2025年半年度实现归属于母公司所有者的净利润9亿元至9.6亿 元，与上年同期(法定披露数据)相比，将增加8.55亿元至9.15亿元，同比增加1882.54%至2014.71%。预 计2025年半年度实现归属于母公司所有者的扣除非经常性损益的净利润8.8亿元到9.4亿元，与上年同期 (法定披露数据)相比，将增加8.65亿元到9.25亿元，同比增加5538.33%到5922.76%。 稀土龙头业绩大幅超预期。7月9日A股收盘后，北方稀土（600111）公告称，预计2025年上半年净利润 为9亿元至9.6亿元，同比大幅增长1882.54%至2014.71%。公告显示，业绩预增主要原因包括全力保障原 料产品供应，深化营销模式创新，强化营销运作，冶炼分离、稀土金属、稀土功能材料、永磁电机等主 要产品产销量同比实现不同幅度增长。有分析指出，今年以来，稀土行业受到政策引导行业规范、进口 矿趋紧、需求预期向好的叠加影响，基本面已逐步回暖。北方稀土的业绩预增公告验证了这一逻辑，也 为后续其他稀土上市公司的业绩增长打开了想象空间。 国内稀土资源整合持续推进，目前已经形成两大集团，供给格局明显优 ...

Core Viewpoint - The report from Guotai Junan Securities indicates that rare earth prices are expected to continue rising, transitioning the sector into a more favorable phase due to increasing demand from both domestic and international markets [1] Group 1: Market Phases - The rare earth sector's price increases can be divided into three phases: (1) confirmation of price bottom and valuation recovery, (2) digestion of excess profits with leading companies growing alongside orders, and (3) explosive market conditions leading to accelerated price increases and broad sector gains [1] - Currently, the sector is in the second phase, awaiting a resonance of price increases in both domestic and international markets [1] Group 2: Price Trends and Future Outlook - Since February 2025, the increase in rare earth commodity prices has been modest, resulting in a gradual upward trend for the sector overall [1] - With the upcoming peak season for domestic electric vehicles and the anticipated replenishment demand from overseas, rare earth prices are likely to rise further, facilitating the transition to the third phase where both commodity prices and stock prices will resonate upward [1]

Group 1 - Recent signals indicate a marginal easing of export controls on rare earths, catalyzing interest in the rare earth sector [1] - The Ministry of Commerce has stated it will expedite the review of export license applications for rare earths, having already approved a certain number of compliant applications [1] - Following this news, the rare earth ETF (516780) has seen increased market activity, with a net inflow of 345 million yuan since April and an average daily trading volume exceeding 100 million yuan in the past two weeks [1] Group 2 - The TTM price-to-earnings ratio of the CSI Rare Earth Industry Index is currently at 30.93, which is at a low level compared to the past decade [2] - The rare earth ETF (516780) and its linked funds are positioned as convenient tools for investors looking to capitalize on the investment opportunities in the rare earth sector [2] - The formation of a MACD golden cross signal suggests positive momentum for stocks in this sector [2]

广晟有色 20250617 摘要 广晟有色作为中国稀土集团旗下上市平台，掌控广东稀土资源，并多元 布局钨、铜等产业。受益于左坑矿投产，稀土矿产量预计倍增至 5,000 吨以上，冶炼和磁材业务也将受益于稀土价格上涨。 2025 年 4 月中国对部分中重稀土产品实施出口管制，导致海外氧化镝 和氧化铽价格飙升，涨幅均超 200%，国内溢价率也超过 200%。预计 2025 年国内氧化钕和氧化铽均价较 2024 年上涨 20%-30%。 广晟有色体外资产庞大，存在资产注入空间。参股大宝山铜矿贡献稳定 投资收益，2024 年为 1.6 亿元，预计 2025-2027 年贡献 1.8-2 亿元。 中国稀土集团承诺解决同业竞争，为公司带来资产整合机遇。 预计未来三年广晟有色收入增速 8%-10%，对应经营利润分别为 2.6 亿、 3.8 亿和 5 亿左右。若新丰稀土矿 2026 年投产且主力品种价格上涨 40%-50%，业绩有望达 10 亿元。 出口管制政策对高性能磁材进行强管控，但因中国钕铁硼材料出口量占 比不高，对整体需求影响有限。海外价格上涨确定性兑现，氧化镝和氧 化铽价格比国内溢价率超 240%。 Q&A 广晟有色 ...

宁波韵升： 目前生产经营情况平稳未发生变化 智通财经6月12日电，宁波韵升(600366.SH)公告称，公司股票在2025年6月10日至12日连续三个交易日 收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。公司关注到近期稀土板块受到市场关 注的热度较高。公司主营业务为稀土永磁材料, 目前生产经营情况平稳，未发生变化。2024年，公司营 业收入为50.41亿元，其中主营业务收入45.56亿元。敬请广大投资者注意风险，谨慎决策。 ...

稀土板块午后 拉升， 广晟有色涨超2%， 中国稀土涨超1%， 盛和资源、 北方稀土跟涨。 ...

稀土板块快速拉升，涨幅为2.60%，稀土ETF(159713)当前涨幅为0.51%，成交额841.79万元，近1月份额 增加800万份。 打包市场龙头，抢反弹就买指数ETF>> ...