Group 1 - On July 31, the financing buy-in amount for China Rare Earth reached 181 million yuan, ranking 153rd in the two markets, with a financing repayment amount of 256 million yuan and a net sell of 74.92 million yuan [1] - Over the last three trading days, from July 29 to July 31, China Rare Earth received financing buy-ins of 390 million yuan, 325 million yuan, and 181 million yuan respectively [1] Group 2 - On the same day, the short selling amounted to 0.05 thousand shares, with a net buy of 0.51 thousand shares [2]

消息人士：特朗普政府将扩大对美国稀土项目的价格支持。特朗普政府对美国稀土生产商MP Materials 的价格支持并非"一次性举措"，还将扩展至其他公司。 ...

稀土概念股MP Materials Corp. 目前涨0.39%。 据媒体报道，美国特朗普政府将扩大对美国稀土项目的价格支持。 特朗普政府对美国稀土生产商MP Materials的价格支持并非"一次性举措"，还将扩展至其他公司。 ...

证券日报网讯 7月31日晚间，天和磁材发布公告称，近日，公司取得了包头市稀土高新区工业和信息化 局签发的《项目备案告知书》。 （文章来源：证券日报） ...

Core Viewpoint - The U.S. is investing heavily in domestic rare earth production to reduce reliance on China, but faces significant challenges in cost, technology, and time to establish a competitive industry [1][22][40]. Group 1: U.S. Investment and Production - The Pentagon invested $400 million in MP Materials and promised an additional $150 million loan to expand rare earth separation capabilities [3][4]. - Apple followed with a $500 million investment, indicating a broader corporate involvement in the U.S. rare earth self-sufficiency initiative [4]. - The Mountain Pass mine in California, the only operating rare earth mine in the U.S., has begun large-scale production, achieving a record output of over 45,000 metric tons of rare earth oxide concentrate in 2024, accounting for 15% of global production [5][7]. Group 2: Cost and Competitive Disadvantages - The cost of rare earth refining in the U.S. is significantly higher, with China at $35,000 per ton compared to the U.S. at $58,000 per ton, a 65% difference [15]. - Even with increased production, U.S. facilities may only meet 30% of military needs by 2028, highlighting a substantial gap in supply for electric vehicles and other sectors [17][19]. - The U.S. lacks the necessary refining technology and skilled workforce, having fallen behind China, which controls nearly 90% of global rare earth refining capacity [19][22]. Group 3: China's Strategic Position - China has implemented export restrictions on seven rare earth elements, impacting U.S. industries such as automotive and defense, revealing vulnerabilities in the supply chain [11][13]. - The Chinese rare earth industry benefits from stable government support and a well-established ecosystem, making it difficult for the U.S. to replicate this model quickly [24][26]. - China's recent measures include a dynamic export adjustment mechanism and a safety assessment system for the rare earth industry, maintaining its dominant position in the global market [13][28]. Group 4: Future Outlook and Competition - The competition for rare earths is evolving into a contest of development models, with the U.S. focusing on technology and capital, while China emphasizes systematic layout and long-term accumulation [38][40]. - The International Energy Agency predicts a threefold increase in global rare earth demand by 2030, but supply diversification is progressing slowly, posing systemic risks for over-reliance on any single country [36][44]. - The U.S. is also exploring strategic reserves and technological innovations in recycling, but these efforts will take time to materialize [40][42].

Core Viewpoint - The article discusses the strained relations between China and Europe following China's restrictions on rare earth exports, highlighting Europe's plea for understanding from China amidst its economic challenges and geopolitical tensions with the U.S. [1][3] Group 1: China's Position - China has responded to Europe's requests with a firm stance, indicating that the EU's demands violate its principles and bottom lines [5] - The Chinese Ministry of Commerce has criticized the EU for its unilateral actions and protectionist measures that harm Chinese enterprises and disrupt fair competition [5] Group 2: Europe's Challenges - Europe is facing significant difficulties due to the ongoing Russia-Ukraine conflict, energy crises, and increased defense spending, which are exacerbating its economic situation [7] - The EU's dependence on Chinese rare earths has created a dilemma, as European companies fear repercussions if they sell products made with Chinese materials to the U.S. [3] Group 3: Diplomatic Engagement - Chinese Foreign Minister Wang Yi's upcoming visit to Europe aims to establish a strategic dialogue and address practical issues, with a focus on sectors like electric vehicles and rare earth resources [9] - The timing of this visit is seen as a strategic move to clarify expectations and realities for European politicians who may have unrealistic hopes regarding negotiations with China [9]

稀土暴涨背后的阴谋 美国汽车工厂的生产线上，工人们拆开一批印着"中国制造"的磁体包装箱，车间里停滞数周的机器终于重新轰鸣起来。海关数据显示，6月中国对美稀土磁 体出口量飙升至353吨，比5月的46吨暴增660%。白宫贸易代表看到报告时，却把咖啡杯重重砸在桌上——这些磁体只能用来造电动车电机，而美军F-35战 机生产线急需的高纯度铽镝合金，中国一克都没放行。 出口暴涨的真相：一场精心设计的"放水" 表面看是贸易回暖，内里藏着精准的战术切割。2025年4月，中国对钐、钆、铽等7类中重稀土物项实施出口管制，瞬间卡住美国军工命脉。五角大楼内部报 告显示，F-35战机单机需消耗417公斤稀土，而"弗吉尼亚"级核潜艇的稀土需求量高达4吨。当铃木汽车因零件短缺被迫停产时，美国车企的库存周转天数从 45天暴跌至22天，生产线濒临瘫痪。 技术卡脖子才是致命伤。稀土分离提纯需经历200道工序、900个化学反应釜，中国工程师用三十年突破"串级萃取"技术，能将17种稀土元素纯度提至 99.9999%。而美国唯一掌握该技术的Molycorp公司，2015年就被中国低价稀土挤垮破产。五角大楼报告坦承："即便现在重启生产线，9个月内军工体 ...

数据来源：天眼查APP 证券之星消息，根据天眼查APP数据整理，近日，北方金龙(包头)稀土有限公司成立，法定代表人为李 虎平，注册资本30000万元，经营范围包含：一般项目：有色金属压延加工；稀有稀土金属冶炼；稀土 功能材料销售；再生资源销售；再生资源加工；新材料技术研发；技术进出口；货物进出口；安全咨询 服务；环保咨询服务；认证咨询；机械设备销售；技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广。(除依法须经批准的项目外，凭营业执照依法自主开展经营活动)。天眼查APP股权穿透 显示，该公司由北方稀土、福建省金龙稀土股份有限公司共同持股。 ...

Investment Rating - The report maintains a "Buy" rating for Xiamen Tungsten Co., Ltd. [1] Core Views - Xiamen Tungsten is focusing on the development of three core businesses: tungsten-molybdenum, rare earths, and energy new materials, creating a synergistic industrial ecosystem with significant technical, resource, and industrial chain collaboration effects [5][20] - The company has a complete tungsten industry chain and has achieved a closed-loop operation in its rare earth business, continuously consolidating its leading position in the new energy battery materials sector [5][20] - The company is expected to benefit from long-term growth in three major industries due to its full industrial chain layout, technological barriers, and production capacity advantages, with projected EPS for 2025-2027 being 1.33, 1.59, and 1.79 yuan, corresponding to PE ratios of 18.62, 15.65, and 13.84 times respectively [5][21] Summary by Sections Company Overview - Xiamen Tungsten was established in 1958 and has evolved into a leading player in tungsten products, rare earths, and energy materials, with a focus on high-end manufacturing and technology [13][20] Tungsten Business - The tungsten industry is experiencing supply contraction and accelerating demand, with Xiamen Tungsten controlling nearly 30% of China's tungsten metal reserves [5][40] - The company’s tungsten business achieved revenue of 17.41 billion yuan in 2024, a year-on-year increase of 5.78%, driven by rising tungsten concentrate prices and increased sales of fine tungsten wire [56][21] Rare Earth Business - Xiamen Tungsten has established a collaborative system covering the entire rare earth industry chain, with a focus on high-value-added areas [5][72] - The company aims to maintain a long-term mining capacity of over 200,000 tons of REO in Fujian province through strategic partnerships [5][72] Energy New Materials Business - The energy new materials segment includes lithium-ion battery materials, with the company being a global leader in cobalt lithium, holding the largest market share [5][20] - In 2024, the company’s lithium-ion cathode material sales reached 98,600 tons, maintaining a leading position in the domestic industry [5][20] Financial Performance - In 2024, Xiamen Tungsten reported total revenue of 35.196 billion yuan, a decrease of 10.66% year-on-year, while net profit attributable to shareholders increased by 7.88% to 1.728 billion yuan [21][28] - The company’s gross profit margin improved to 18.03% in 2024, reflecting effective cost control and business structure optimization [28][29]

Group 1 - The "anti-involution" policy is driving significant inflows into cyclical theme ETFs, with notable net inflows of over 18 billion yuan for Penghua Chemical ETF, 14 billion yuan for Guotai Steel ETF, and 13 billion yuan for GF Infrastructure 50 ETF from July 21 to July 29 [1][4] - The performance of cyclical theme ETFs has been outstanding, with rare earth ETFs and rare metals ETFs returning 42% and 36% year-to-date, respectively, leading the industry theme ETFs [1][3] - The recent market performance indicates a structural market shift, with traditional industries like coal and steel, as well as emerging sectors like photovoltaics and electric vehicles, benefiting from the "anti-involution" policy [1][7] Group 2 - Major industry indices such as steel, building materials, and non-ferrous metals have seen significant increases, with the steel index rising by 20.39% and the building materials index by 14.46% over the past month [2] - Several ETFs, including rare earth ETFs and steel ETFs, have shown impressive returns, with some rare earth ETFs exceeding 25% returns in the last month [3][4] - The "anti-involution" policy aims to optimize market competition and is expected to create a long-term mechanism for enterprise transformation, moving away from simple administrative interventions [5][6] Group 3 - The sustainability of the "anti-involution" market trend is still under observation, with analysts suggesting that if demand-side policies are insufficient, the current trend may only represent a temporary rebound [7] - The market performance will vary across sectors, with traditional industries like steel and coal having clearer capacity constraints, while emerging sectors like photovoltaics will need to demonstrate technological advancements [8] - Investment opportunities are identified in cyclical stocks at the bottom of their cycles, particularly in steel and cement, as well as in leading companies in chemical, non-ferrous, and machinery sectors that can benefit from improved industry dynamics [9][10]