中方突然放行对日本的稀土出口，释放了什么样的信号呢？就在日本各界对中国出口管制政策产生了不少忧虑的同时，2月6日，来自日媒的消息称，中国有 关部门在1月加强对日出口管制后，已批准多项对日稀土出口申请。 然而，消息一经公布，一些人便没有关注这一背景信息，反而在网上肆意渲染，带着不满的情绪去解读，甚至不乏那些指责中方在主动"软化"政策的言论。 他们完全忽视了中方对此次批准的明确解释：只要出口申请符合"确保属于民事用途"等条件，就会获得批准。如果日本的民用企业因为稀土材料的短缺而遭 遇长时间的交货延误、价格暴涨，甚至可能出现生产线停工的情况，那必然会加速日本与西方的联动，并降低对中国稀土的依赖。所以说，放行稀土出口的 举措，更多的是对全球供应链发出了一个明确的信号：中方的管制措施是基于规则，而非情绪。中方显然在警惕日本和西方国家借机加快减少对中国稀土依 赖的步伐，因此，适度批准合规出口，不仅能展现中国作为负责任供应国的形象，还能够避免受到国际社会违反规则的批评，从而在道义和规则的层面占据 制高点。 然而，从理性的角度来看，中国此举背后有两个显而易见的目标：一方面，要让对手感到一定的痛楚，迫使他们在贸易保护主义的道路 ...

Market Overview - The market is experiencing a significant reduction in trading volume, with a decrease of nearly 100 billion in half-day trading, indicating a state of observation among investors [1] - The Shanghai Composite Index has shown a slight increase of 0.22%, but underlying issues are evident as trading activity diminishes [1] Sector Performance - The media and short drama gaming sectors, which were performing well previously, have seen a sharp decline, highlighting the volatility and risk associated with chasing high-performing stocks in the current market environment [3] - Conversely, sectors related to price increases, such as non-ferrous metals, rare earths, and chemical fibers, are attracting investment due to their potential for profit growth amid a vague overall market direction [3] Investment Strategy - Investors are advised to maintain composure and avoid chasing high prices in sectors that have already surged, as the current low-volume market does not support sustained price increases [4] - It is crucial to monitor market sentiment, particularly in sectors that have recently underperformed, to assess whether they will continue to drag down overall market sentiment [4] - The current market conditions present an opportunity to optimize holdings, particularly for quality stocks with long-term potential that may have been unfairly impacted by market rotations [4]

从中国的角度来看，虽然当前中美关系在一定程度上保持稳定，特朗普计划4月来华访问，但这一切都是中国通过稀土这一王牌换来的。一旦美国成功积累 了足够的稀土储备，或突破了大规模稀土提炼技术的瓶颈，那么中美关系随时都有可能面临崩溃的风险。毕竟，美国绝不会容忍自己的全球霸权地位受到挑 战，更不会允许中国超越自己，从世界第一沦为第二。对此，中国必须保持警惕。 庞德伟的讲话意图很明显，他试图说服中国放弃稀土出口管制。然而，事实证明，倘若没有稀土这一张王牌，美国恐怕早就再次对中国发动新一轮的关税战 了。2月2日，特朗普在保险库计划的启动仪式上明确表示，美国之所以投入120亿美元用于采购和储备关键矿产，就是为了避免重蹈去年中美关税战的覆 辙。这个表态意味深长——美国很可能正在为新的关税战做准备。从特朗普的第一任期开始，美国就在稀土领域投入了大量资源，不仅为美国稀土产品设立 了远高于市场价的保护收购价，还动用了财政资金直接入股美国稀土公司，并提供了巨额担保贷款。但这些举措并未立竿见影地改变局势。截至2025年，中 国仍然控制着全球60%以上的稀土矿产量，且在稀土加工环节的占比高达92%。即便如此，美国对中国稀土的依赖程度仍然维持 ...

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index rising by 0.09% to 4131.99 points, while the Shenzhen Component Index fell by 0.35% and the ChiNext Index dropped by 1.08% [1][2] - The total market turnover was 2 trillion yuan, a decrease of 123.7 billion yuan compared to the previous trading day, with over 3200 stocks declining [1] Sector Performance - The small metals and dye chemical sectors performed positively, with stocks like Zhangyuan Tungsten and Xianglu Tungsten reaching new highs [2][4] - The coal, steel, cement, and lithium mining sectors saw significant gains, while the recently surging film and short drama sectors experienced collective adjustments, with stocks like Hengdian Film and Jinyi Film hitting the daily limit down [2][3] - The cultivation diamond sector saw widespread declines, led by Sifangda, while tourism, education, and military equipment sectors also faced downturns [2][3] Notable Stocks - In the small metals sector, Dongfang Tantalum, Zhongtung High-tech, Xianglu Tungsten, and Zhangyuan Tungsten hit the daily limit up, with Xiamen Tungsten and Jintong Co. rising over 7% [4][5] - The paper industry saw collective gains, with Minshida rising over 8% and Yueyang Lin Paper increasing nearly 6% [7][8] - The lithium extraction sector was active, with Huayou Cobalt and Shengxin Lithium Energy rising over 5%, and Lanxiao Technology increasing over 4% [9] - The oil and gas extraction sector also saw gains, with Haiyou Engineering hitting the daily limit up and Zhongman Petroleum rising by 5.9% [10] Declining Sectors - The film and television sector faced significant declines, with stocks like Happiness Blue Sea and Huace Film dropping over 10% [12][13] - The education sector also saw declines, with stocks like Huatu Shandian and Kevin Education falling over 3% [14][15] - The cultivation diamond sector experienced widespread declines, with Sifangda leading the drop [16] Market Outlook - The market sentiment is expected to improve with potential catalysts and the "Spring Festival effect" creating a favorable environment for recovery [17] - Key sectors to focus on include TMT, high-end manufacturing, and price increase chains, particularly in chemicals, construction materials, and steel [17]

Market Overview - On November 11, A-shares opened lower and experienced fluctuating performance, with the Shanghai Composite Index closing up by 0.09% [1][5] - The Shenzhen Component Index fell by 0.35%, and the ChiNext Index decreased by 1.08% [1][5] Index Performance - Shanghai Composite Index: 4131.98, up by 3.61 points (+0.09%) [6] - Shenzhen Component Index: 14160.93, down by 49.69 points (-0.35%) [6] - ChiNext Index: 3284.74, down by 35.80 points (-1.08%) [6] - Total market turnover reached 2 trillion, a decrease of 123.7 billion [6] Sector Performance - Coal sector showed activity in the afternoon, while oil and gas stocks experienced fluctuations [3][7] - Precious metals sector rebounded during the day, with glass fiber, chemicals, rare earths, and lithium battery sectors leading in gains [3][7] - Media and film sectors collectively declined, with short drama games, tourism, solar energy, and CPO concept stocks leading the losses [3][7]

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。 每日经济新闻 （责任编辑：张晓波 ） 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。 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。 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%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考 ...

特朗普显然动起了歪脑筋，希望通过与55个国家组建一个稀土联盟，来挑战中国在稀土领域的主导地 位。他使出了浑身解数，采取了两个策略——砸钱和结盟。对于第一招，特朗普宣布启动了所谓的保险 库计划，投资120亿美元用以采购并储备关键矿产；而对于第二招，特朗普的亲信——美国副总统万斯 在华盛顿召开了一场关键矿产部长级会议，声称将55个国家的代表召集在一起，共同设立稀土价格下限 并调整关税，目的是争取对关键矿产的定价权。 特朗普显然是对去年贸易战中，稀土卡住美国的脖子怀有深深的不甘心。至今，他仍然耿耿于怀，并在 挑战中国稀土主导地位上使出了外部联合施压和内部强制脱钩双管齐下的手段。然而，这两条路径实际 上是建立在对自身能力的过高估计和对中国优势的低估之上。简而言之，特朗普的手段实则显得投机取 巧，难以称得上是正道。 首先，通过价格下限和调节关税来掌控定价权，实在是典型的本末倒置。要知道，真正掌握定价权的核 心是市场地位与技术控制，而中国之所以能够在全球稀土市场上占据主导地位，是因为我们掌握了从开 采到分离、精炼、应用的全产业链，且拥有庞大的规模效应、成熟的技术以及强大的环保处理能力，形 成了极高的综合壁垒。美西方国家试 ...

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 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].

这一消息让人感觉有些反常，甚至让不少观察人士感到困惑。毕竟，在刚过去的一个月内，中国商务部才宣布实施包括稀土、稀有金属等几百种物项的出口 管制。那么，为何在这么短的时间内，稀土这一核心战略物资却得到了特殊对待呢？我们必须强调的是，这并不是中国立场的软化，也不是管制失效。相 反，相比于一刀切的严格禁令，稀土的可控释放更加符合中国的经济和战略利益。根据日本共同社的报道，这些获批的稀土出口申请包含了7类不同的稀土 产品，然而有一个至关重要的细节需要指出——这些批准的出口申请被认为是在中国加强管制之前提交的。也就是说，那些在新政策实施前已达成的订单， 经过严格审查后被放行。这不仅符合国际贸易惯例，也有效避免了政策突然变化带来的商业违约风险。然而，消息一出，不少人并没有关注这一前提条件， 而是急于在网上发表带有偏见的言论，刻意渲染中国对日软化的举动，甚至带着阴阳怪气的语气进行解读，忽略了中国方面清楚地说明：只要出口申请符合 确保民事用途等条件，就会得到批准。如果日本的民用企业因为稀土材料短缺面临长期交货延迟、价格暴涨，甚至生产线停工的局面，这必然会加速日本向 西方阵营靠拢，减少对中国稀土的依赖。因此，这样的做法与其说是 ...