Group 1 - The stock price of Northern Rare Earth was reported at 38.65 yuan as of August 11, 2025, with a decrease of 0.04 yuan, representing a decline of 0.10% from the previous trading day [1] - The company opened at 38.68 yuan, reached a high of 39.20 yuan, and a low of 37.88 yuan, with a trading volume of 208.12 million shares and a turnover of 79.98 billion yuan, resulting in a turnover rate of 5.76% [1] - Northern Rare Earth is a representative enterprise in China's rare earth industry, engaged in the research, production, and sales of rare earth raw materials, functional materials, and application products, with applications in new energy, electronic information, and energy conservation [1] Group 2 - On August 11, Northern Rare Earth experienced a rapid rebound during trading, with an increase of over 2% within 5 minutes, indicating active trading [1] - The total trading volume in the Shanghai and Shenzhen markets reached 18.3 trillion yuan, with Northern Rare Earth's trading volume ranking among the top in the market [1] - On the same day, there was a net outflow of 202 million yuan in main funds, accounting for 0.14% of the circulating market value, with a cumulative net outflow of 723 million yuan over the past five trading days, representing 0.52% of the circulating market value [1]

又现互联网科技巨头亲自"打假"稳定币谣言。 8月11日13时，蚂蚁集团在官方平台上辟谣表示，蚂蚁集团关注到网络上有消息宣称"蚂蚁集团 与中国人民银行、中国稀土集团共建全球首个稀土人民币稳定币"，并以此诱导投资者关注相 关板块， 蚂蚁集团从未与相关机构有此类计划 ，请公众注意甄别，谨防上当受骗。 记者丨 黎雨辰 编辑丨姜诗蔷 无独有偶，6月下旬以来，曾有第三方平台发布"注册打卡京东社区，送5000枚稳定币"等信 息。对此在6月30日，京东发布了一则《关于京东稳定币产品及业务合作不实信息的严正声 明》，打假这一虚假合作。 在二级市场上，受辟谣消息影响，中国稀土午后迎来异动拉升，股价在午盘开盘后五分钟内迅 速冲高超4%。此后公司股价重新波动回落，不过截至收盘，其日涨幅仍达到1.68%。 蚂蚁、京东辟谣忙 稳定币是一种特殊类型的加密货币，其核心设计目标是通过与某种相对稳定的资产或货币进行 锚定，来实现价格稳定。相较于比特币、以太坊等价格波动剧烈的主流加密货币，稳定币的出 现，提供了一种更为稳定、便于交易和结算的工具。 在亚太地区，香港正先行先试，积极探索稳定币业务发展与监管框架建设。近月来，蚂蚁、京 东等首批抢滩稳定 ...

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research visits in the past 30 days include Northern Rare Earth, Ice Wheel Environment, Weili Transmission, Jiangbolong, and Dazhu Laser [10][11] - In the last five days, the most popular companies for institutional research include Huaming Equipment, Tapa Group, BOE Technology Group, Xizi Clean Energy, and Amway Co., Ltd. [10][12] - Among the top twenty companies in the past 30 days, seven companies had ten or more rating agencies, including Zhongkong Technology, Ningbo Bank, China National Heavy Duty Truck Group, BOE Technology Group, Kebo Da, Huaming Equipment, and Northern Rare Earth. Notably, China National Heavy Duty Truck Group, BOE Technology Group, and Kebo Da are expected to see significant growth in net profit attributable to shareholders in 2024 compared to 2023 [10][11] Group 2: Shareholder Increase in A-Share Listed Companies - From August 4 to August 8, 2025, two companies announced significant shareholder increases: Huaxi Biological and Daodaquan. Huaxi Biological has more than ten rating agencies, with the average proposed increase amount accounting for approximately 1% of the latest market value [13][14] - From January 1 to August 8, 2025, a total of 246 companies announced shareholder increases, with 65 of them having ten or more rating agencies. Among these, 19 companies had an average proposed increase amount accounting for more than 1% of the latest market value, including New Energy, Tunnel Shares, Sailun Tires, and Wanrun Shares [14][15] Group 3: Share Buyback Situation in A-Share Listed Companies - From August 4 to August 8, 2025, a total of 106 companies announced buyback progress, with 33 of them having ten or more rating agencies. Among these, eight companies had an average expected buyback amount accounting for more than 1% of the market value on the announcement date, including Xiamen Xiangyu, Huafa Shares, Changhong Meiling, Newland, Xinmai Medical, Huaming Equipment, Jinzhai Food, and BOE Technology Group [17][18] - From January 1 to August 8, 2025, a total of 1,654 companies announced buyback progress, with 361 of them having ten or more rating agencies. Among these, 101 companies had a significant buyback ratio, with the expected buyback amount accounting for more than 1% of the market value on the announcement date, including Liugong, Sannuo Biological, Shantui Shares, Haixing Electric, Jiayi Shares, Fuanna, and Gao Neng Environment [18][19]

Group 1 - The core message is that the news regarding the collaboration between China Rare Earth Group, Ant Group, and the People's Bank of China to create the world's first rare earth-backed RMB stablecoin is false and misleading [1][4] - China Rare Earth Group issued a statement denying any cooperation or plans related to the so-called "rare earth RMB stablecoin," labeling the information as fabricated by malicious individuals [1] - Ant Group also clarified through its official Weibo account that it has never had any plans with the mentioned institutions regarding such a stablecoin [4] Group 2 - The announcement of a rare earth-backed stablecoin project by Ant Group and China Rare Earth Group was initially reported but later denied by both parties [1][4] - The false information aimed to mislead the public and induce investors to focus on related sectors, prompting both companies to urge the public to be cautious and avoid falling for scams [4]

Core Viewpoint - China Rare Earth Group has issued a statement denying any collaboration with Ant Group and the People's Bank of China regarding the creation of a rare earth RMB stablecoin, labeling the circulating information as false and misleading [1] Group 1: Company Statements - China Rare Earth Group emphasizes that it has never engaged in any form of cooperation or discussions about a "rare earth RMB stablecoin" with the mentioned institutions [1] - The company warns the public and investors to be cautious of illegal financial activities and to prevent potential financial losses [1] - China Rare Earth Group has reported the issue to relevant authorities and demands that the involved parties cease any illegal activities that harm the company's image and interests [1] Group 2: Ant Group's Response - Ant Group has also released a statement refuting claims of a partnership with the People's Bank of China and China Rare Earth Group to create a rare earth RMB stablecoin [1] - The company advises the public to discern the authenticity of such claims and to be wary of potential scams [1]

Market Performance - US stock markets experienced an increase, with the Nasdaq and Chinese tech stocks rising by 4.25% during the week of August 4 to August 10, 2025 [1] - A-shares also saw a broad increase, with the Wind All A Index rising by 1.94% during the same period [2] Sector Performance - Most industries showed positive performance, with 28 out of 30 CITIC industries rising, particularly in non-ferrous metals, machinery, and defense industries, which saw weekly gains exceeding 5% [3] Bond Market - The prices of interest rate bonds increased, with the yield curve steepening; the 10-year government bond futures rose by 0.19% compared to August 1, 2025 [4] - The leverage level in the bond market increased, with the average transaction volume in the interbank pledged repo rising from 6.72 trillion yuan to 8.11 trillion yuan [6] US Treasury Market - US Treasury yields increased, with the 10-year yield rising by 4 basis points to 4.27% as of August 8, 2025 [7] Currency and Commodities - The US dollar index decreased by 0.43%, and gold prices rose, with spot gold increasing by 1.49% to $3,394.15 per ounce [8] Future Outlook - The A-share market is expected to maintain a high-risk appetite, with optimism in sectors such as innovative pharmaceuticals, artificial intelligence, and rare earths [9]

Summary of Conference Call Records Industry Overview - **Lithium, Cobalt, and Rare Earth Sectors**: The conference call focused on updates regarding the lithium, cobalt, and rare earth sectors, highlighting supply-demand dynamics and price forecasts [1][2][3][4][5][6][7][8][9][10]. Key Points and Arguments Lithium Market - **Short-term Supply-Demand Tension**: The lithium carbonate market is experiencing short-term supply-demand tension, with production expected to reach approximately 70,000 tons in August against a demand of 96,000 tons per month. Current visible inventory can only sustain demand for about one and a half months [1][3]. - **Price Projections**: Short-term prices may surge to 100,000 CNY/ton, while long-term prices are expected to fluctuate between 90,000 to 100,000 CNY/ton, with a potential low of 60,000 CNY/ton depending on the resumption of overseas mining operations [1][3]. Cobalt Industry - **Impact of Congo's Ban**: The cobalt industry is significantly affected by the Democratic Republic of Congo's ban, leading to a noticeable contraction in supply. The government aims to increase cobalt prices through a quota system, with a potential reduction of over 70,000 tons by 2026, maintaining a tight market balance [1][4][5]. - **Price Increase**: The spot price of electrolytic cobalt has risen from 160,000 CNY to 260,000 CNY, with futures reaching 280,000 CNY. There is an anticipated further increase of 15%-20% before reaching 300,000 CNY, indicating high safety in both stock and commodity markets [1][5]. Rare Earth Sector - **Market Sentiment and Price Dynamics**: The rare earth sector has seen increased capital inflow due to expectations surrounding tariff policies from the Trump administration, although fundamental supply-demand changes remain minimal. The market is primarily driven by sentiment and policy expectations rather than significant fundamental shifts [1][6]. - **Inventory and Price Trends**: Inventory levels in the rare earth sector have improved since early July but remain at mid-to-low levels. The price of neodymium oxide has increased from 440,000 CNY to 530,000 CNY, with futures priced at 540,000 CNY. It is expected that prices will rise to 600,000 CNY without significant pressure [1][7][8]. - **Future Price Threshold**: A critical price point is identified at 600,000 CNY, beyond which downstream magnetic material companies may renegotiate processing fees based on order and demand conditions [1][7]. Demand Outlook - **Electric Vehicle Market**: Despite market expectations of a slowdown in the growth of new energy vehicles in the second half of the year, order placements in July and August remain strong, indicating no immediate pressure on demand. The overall outlook for the rare earth sector remains positive [2][9]. Investment Recommendations - **Target Companies**: Recommendations include companies in the light rare earth smelting sector such as Shenghe Resources and Northern Rare Earth, as well as magnetic material companies like Jieneng Permanent Magnet, Ningbo Yunsheng, and others. These companies are expected to benefit from price increases and future orders, presenting significant growth potential [1][10]. Additional Important Insights - **Overall Market Sentiment**: The overall sentiment in the lithium, cobalt, and rare earth markets is cautiously optimistic, with potential for price increases driven by supply constraints and demand stability [1][2][3][4][5][6][7][8][9][10].

Summary of Conference Call Records Industry Overview - The conference call discusses the lithium, cobalt, and rare earth sectors, highlighting current market conditions and future expectations for these industries. Key Points on Lithium Market - The lithium carbonate market is experiencing short-term supply-demand tightness, with battery cell production increasing by 5% month-on-month in July and August, leading to an expected production of approximately 70,000 tons in August against a demand of 96,000 tons per month. Current visible inventory can only sustain demand for about one and a half months [1][3] - Short-term lithium carbonate prices may surge to 100,000 yuan per ton, while long-term prices are expected to fluctuate between 90,000 and 100,000 yuan per ton, with a potential low of 60,000 yuan per ton depending on the resumption of overseas mining operations [1][3] Key Points on Cobalt Market - The cobalt industry is significantly impacted by the Democratic Republic of Congo's (DRC) ban, leading to a noticeable contraction in supply. The DRC government aims to raise the cobalt price center through a quota system, with a potential reduction of over 70,000 tons in supply by 2026, maintaining a tight market balance [1][4] - The current spot price of electrolytic cobalt has risen from 160,000 yuan to 260,000 yuan, with futures prices reaching 280,000 yuan. There is an anticipated further increase of 15%-20% in prices, indicating a high safety margin for both stock and commodity sectors until prices reach 300,000 yuan [1][5] Key Points on Rare Earth Market - The rare earth sector is influenced by the Trump administration's tariff policies, leading to increased capital inflow, although the fundamental supply-demand dynamics remain largely unchanged. The market is driven more by sentiment and policy expectations than by significant fundamental changes [1][6] - Inventory levels in the rare earth industry have improved since early July but remain at mid-to-low levels. The price of neodymium oxide has increased from 440,000 yuan to 530,000 yuan, with futures prices reaching 540,000 yuan. It is expected that prices will not face significant pressure before reaching 600,000 yuan [1][7] - The market anticipates a decline in the growth rate of new energy vehicles in the second half of the year, but recent data from July and August shows good order conditions, indicating no immediate pressure on demand [2][9] Investment Recommendations - Companies to watch in the cobalt sector include Luoyang Muyu, Huayou Cobalt, Tengyuan Resources, and Liqin Resources, which possess cobalt mines or inventories and are expected to benefit from rising cobalt prices [1][5] - In the rare earth sector, recommended companies include Shenghe Resources and Northern Rare Earth for light rare earth smelting, and for magnetic material companies, Jinli Permanent Magnet, Ningbo Yunsheng, Zhenghai Magnetic Materials, Zhongke Sanhuan, and Chengdu Galaxy Magnetics are highlighted. These companies are expected to benefit from price increases and future orders in robotics, enhancing their performance and valuation [2][10]

每经编辑｜金冥羽 据中国稀土集团官方微信公众号消息，近日，部分网络媒体流传"中国稀土集团与蚂蚁集团、中国人民银行共建全球首个稀土人民币稳定币"等相关信息。 针对此虚假编造、严重误导公众并扰乱金融秩序的信息，中国稀土集团有限公司（以下简称"我司"）严正声明如下： 一、我司从未与相关机构、单位就所谓"稀土人民币稳定币"开展任何形式的合作、磋商或计划，该信息系不法分子恶意编造，请社会公众和广大投资者不 信不传。 二、我司提醒社会各界和广大投资者警惕非法金融活动，注意防范风险，谨防财产损失。 三、我司已向有关部门反映，严正要求有关单位立即停止侵权、诈骗等不法行为，并对任何损害我司形象、利益的行为保留追究法律责任的权利。 四、任何对外重大合作事项请以我司官方渠道披露为准。 8月11日中午，蚂蚁集团发布微博称，关注到网络上有消息宣称"蚂蚁集团与中国人民银行、中国稀土集团共建全球首个稀土人民币稳定币"，并以此诱导 投资者关注相关板块。 蚂蚁集团表示，从未与相关机构有此类计划，请公众注意甄别，谨防上当受骗。 编辑|金冥羽 杜波 校对|卢祥勇 每日经济新闻综合自中国稀土集团官方微信公众号、蚂蚁集团官方微博 ...

一、我司从未与相关机构、单位 就所谓"稀土人民币稳定币"开展任何 形式的合作、磋商或计划,该信息系 不法分子恶意编造,请社会公众和广 大投资者不信不传。 二、我司提醒社会各界和广大投 资者警惕非法金融活动，注意防范风 险,谨防财产损失。 #中国稀土集团称从未有任何稳定币合作#【中国稀土集团严正声明：从未与相关机构、单位就所谓"稀 土人民币稳定币"开展任何形式的合作、磋商或计划】部分网络媒体近日流传"中国稀土集团与蚂蚁集 团、中国人民银行共建全球首个稀土人民币稳定币"等相关信息。针对此虚假编造、严重误导公众并扰 乱金融秩序的信息，中国稀土集团有限公司（以下简称"我司"）严正声明如下：一、我司从未与相关机 构、单位就所谓"稀土人民币稳定币"开展任何形式的合作、磋商或计划，该信息系不法分子恶意编造， 请社会公众和广大投资者不信不传。二、我司提醒社会各界和广大投资者警惕非法金融活动，注意防范 风险，谨防财产损失。三、我司已向有关部门反映，严正要求有关单位立即停止侵权、诈骗等不法行 为，并对任何损害我司形象、利益的行为保留追究法律责任的权利。四、任何对外重大合作事项请以我 司官方渠道披露为准。(智通财经) 上未凹寸均以 ...