Core Viewpoint - Shenghe Resources (600392.SH) anticipates a significant increase in net profit for the fiscal year 2025, projecting a range of 790 million to 910 million yuan, representing a year-on-year growth of 281.28% to 339.20% [1] Group 1: Financial Performance - The company attributes the expected profit growth to the overall rise in rare earth market prices, driven by industry policies and international circumstances, leading to a substantial increase in average sales prices of major rare earth products compared to the previous year [1] - During the reporting period, the company successfully capitalized on market opportunities by adjusting product structure and optimizing sales, resulting in a year-on-year increase in sales volume of key products, which significantly contributed to the performance growth [1] Group 2: Operational Developments - In the fourth quarter of 2025, the company will consolidate Peak Rare Earths Limited into its financials; however, Peak is currently in the preliminary project phase and has not yet commenced production, resulting in losses [1] - The company has recognized a decline in prices for certain medium and heavy rare earth products and zirconium-titanium products, leading to inventory impairment provisions as required by accounting standards, which will impact the fourth quarter's performance [1]

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) has publicly solicited opinions on 101 industry standards, including those related to black metallurgy, non-ferrous metals, and building materials, such as "Determination of Weight Loss Rate of Graphene Oxide Powder by Thermogravimetric Analysis" and "Battery-grade Lithium Dihydrogen Phosphate" [2][5]. Group 1: Industry Standards Overview - The MIIT has completed the drafting of 23 standards for the black metallurgy industry, 9 standards for the non-ferrous metals industry, 54 standards for the building materials industry, 1 standard for the rare earth industry, and 14 standards for the machinery industry [5]. - The "Determination of Weight Loss Rate of Graphene Oxide Powder by Thermogravimetric Analysis" specifies the method for measuring the weight loss rate of graphene oxide powder, including principles, instruments, reagents, testing environment, sample preparation, experimental steps, data analysis, precision, and reporting [5]. - The "Battery-grade Lithium Dihydrogen Phosphate" outlines product classification, technical requirements, testing methods, inspection rules, labeling, packaging, transportation, storage, accompanying documents, and order content applicable to battery-grade lithium dihydrogen phosphate products [6]. Group 2: Analytical Methods - The "Chemical Analysis Method for Nickel Cobalt Manganese Lithium Part 2: Determination of Multi-element Content by Inductively Coupled Plasma Atomic Emission Spectroscopy" describes the method for determining the content of lithium, nickel, cobalt, manganese, sodium, calcium, iron, copper, zinc, magnesium, potassium, aluminum, boron, sulfur, silicon, strontium, yttrium, niobium, tantalum, tungsten, zirconium, and titanium in nickel cobalt manganese lithium [6].

本期业绩预增的主要原因：1、报告期内，受稀土产业政策和国际局势等因素影响，稀土市场行情整体 上涨，主要稀土产品价格全年销售均价较上一年度涨幅较大。公司紧抓市场机遇，及时调整产品结构、 优化产销结构，加强管理赋能及成本管控，报告期内主要产品销量同比上升，进而驱动业绩实现大幅增 长。2、2025年第四季度，公司将Peak Rare Earths Limited（简称Peak公司）纳入合并，Peak公司目前正 在进行项目前期工作，尚未开展生产经营，产生亏损；部分中重稀土产品及锆钛产品价格下跌，根据会 计准则要求，公司对该部分产品计提了存货跌价准备。以上因素对2025年第四季度业绩产生了一定影 响，第四季度环比下滑。 格隆汇1月29日丨盛和资源(600392.SH)公布，经公司财务部门初步测算，预计2025年度实现归属于母公 司所有者的净利润为79,000万元到91,000万元，同比增加281.28%到339.20%。预计2025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为76,500万元到88,500万元，同比增加285.86%到346.38%。 ...

格隆汇1月29日｜盛和资源公告，预计2025年度实现归属于母公司所有者的净利润为7.9亿元到9.1亿元， 与上年同期相比，将增加5.83亿元到7.03亿元，同比增加281.28%到339.20%。预计2025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为7.65亿元到8.85亿元，与上年同期相比，将增加5.67亿元 到6.87亿元，同比增加285.86%到346.38%。报告期内，受稀土产业政策和国际局势等因素影响，稀土市 场行情整体上涨，主要稀土产品价格全年销售均价较上一年度涨幅较大。公司紧抓市场机遇，及时调整 产品结构、优化产销结构，加强管理赋能及成本管控，报告期内主要产品销量同比上升，进而驱动业绩 实现大幅增长。 ...

今天早盘，稀土永磁板块一度涨超4%。事实上，除了黄金，稀土市场也是一片红火。1月以来，不少稀 土品种价格"飞起"。根据包头稀土产品交易所数据，1月28日氧化钇均价报7.7万元/吨，较去年底涨了 33.46%；氧化钕和氧化镨更猛，均价分别涨到73.25万元/吨、73.33万元/吨，较去年底涨超12万元/吨， 涨幅约20%。为啥涨这么猛？供应上，国内稀土开采配额增速偏低，中重稀土配额一直稳定。国外方 面，缅甸局势动荡，越南还禁止稀土原矿出口，全球稀土供应一下子就紧张了。而在需求上，新能源汽 车、人形机器人、低空经济等新兴领域对稀土的需求不断增长。中信证券表示，全球稀土资源战略地位 持续提升，配额管制叠加需求大增，刚性逻辑或持续加强，预计稀土供需缺口或持续扩大。 ...

Core Viewpoint - The Trump administration is abandoning plans to provide minimum price guarantees for critical mineral projects in the U.S., acknowledging insufficient congressional funding and the complexities of market pricing [1][2]. Group 1: Government Policy Changes - The U.S. Senate committee is reviewing the price floor previously granted to MP Materials, indicating a shift away from prior commitments to the industry [1]. - Senior officials from the Trump administration informed mining executives that their projects must demonstrate financial independence without government price support [1][2]. - The U.S. Department of Energy stated that it is not in a position to support price floors, contradicting earlier assurances [2][3]. Group 2: Market Reactions - Following the news, Australian rare earth stocks, including Lynas Rare Earths, experienced significant declines, with shares dropping over 10% [2]. - Analysts suggest that the sell-off in rare earth stocks may be overdone, as the U.S. is still committed to supporting the establishment of a critical mineral supply chain outside of China [3]. Group 3: Future Implications - The abandonment of price floors does not eliminate the possibility of other supportive measures, such as stockpiling, equity investments, and localization requirements [5]. - Concerns have been raised regarding the lack of congressional authorization for price guarantees, which may hinder future government support for mineral projects [6].

黄金相关机构表态偏乐观，华西证券认为受美联储降息预期、美元信用不稳、美国中期选举以及地缘政 治不确定性的影响，金价有望进一步上涨，根据历史年度涨幅测算，中性情景下2026年金价可能分别上 涨7%、23%和34%。铜、铝等基本金属方面，高盛警告涨势或面临逆风，其调查显示铜加工企业订单量 下降10%至30%，电网订单也在放缓。 有色金属ETF基金（516650）紧密跟踪中证细分产业主题指数系列由细分有色、细分机械等7条指数组 成，分别从相关细分产业中选取规模较大、流动性较好的50家上市公司证券作为指数样本，前十大重仓 股包括山东黄金、中金黄金、兴业银锡等贵金属龙头。 1月29日，沪深震荡调整，贵金属概念延续强势；截至14：20，有色金属ETF基金（516650）涨1.52%， 盘中最高涨超4%。个股方面，铜陵有色、湖南黄金、西部黄金、盛和资源、云南铜业、北方铜业涨 停，白银有色涨超 9%，江西铜业涨超 8%，北方稀土涨超 7%，中金黄金涨超 6%。 消息面上，有色金属市场延续强势，景气度持续攀升，呈现由贵金属引领、部分小金属接力的态势。1 月29日，伦敦现货黄金一度逼近5600美元/盎司，再创历史新高，伦敦现货白 ...

（文章来源：每日经济新闻） 业内机构指出：供给端，行业整合加速叠加《稀土管理条例》出台，稀土供给已进入加速优化；需求 端，新能源汽车、电力电网投资、机器人等行业发展推动稀土需求持续增长。稀土产品价格的上行或将 持续提振行业盈利能力及估值水平。 对稀土产业链长期布局机遇感兴趣的投资者，可关注富国基金旗下的稀土ETF（159713），其紧密跟踪 中证稀土产业指数（930598.CSI），重点覆盖稀土资源开采、冶炼分离及下游高性能永磁材料制造等关 键环节。 1月29日午后，稀土永磁板块突发异动，稀土ETF（159713）一度走高至3.63%。标的指数成分股中，盛 和资源10CM涨停，三川智慧、九菱科技涨超10%，金力永磁、银河磁体涨幅超9%，多只个股飘红，带 动标的指数上行。 供应链上，地缘避险情绪与美元信用担忧共振，驱动有色金属价格上涨；消息面上，近期美国政府宣布 拟向美国稀土公司注资16亿美元，此举虽不直接影响中国稀土市场，但显著强化了全球对稀土战略资源 稀缺性的预期，提振投资者风险偏好，间接推动A股稀土板块估值修复。 ...

Group 1 - The core viewpoint of the news highlights a significant rebound in the rare earth permanent magnet sector, with the China Securities Rare Earth Industry Index rising by 1.50% as of January 29, 2026, driven by strong performances from key stocks such as Shenghe Resources and San Chuan Wisdom [1] - The rare earth sector has shown outstanding performance within the non-ferrous metal sub-industry, with the SW Small Metals and Metal New Materials indices increasing by 8.68% and 3.61% respectively in the third week of January 2026, indicating a notable contribution from rare earth-related stocks [1] - The report from Galaxy Securities emphasizes that geopolitical tensions are heightening global supply chain security concerns, which is enhancing the strategic position of key metals, including rare earths, and reinforcing the logic of resource self-sufficiency [1] Group 2 - The recovery in rare earth prices, supported by policy backing and pre-Spring Festival inventory demand, is contributing to a restoration of market sentiment, as noted by Guotai Junan Securities [1] - The investment value of rare earths continues to be highlighted in a context of tight supply and demand, with a fundamental basis supporting the upward price trend [1] - As of December 31, 2025, the top ten weighted stocks in the China Securities Rare Earth Industry Index accounted for 60.4% of the index, with key players including Northern Rare Earth and Greeenmech [2] Group 3 - Investors can access rare earth investment opportunities through the Jiashi Rare Earth ETF (516150), which closely tracks the China Securities Rare Earth Industry Index, providing a convenient tool for exposure to the domestic rare earth industry chain [2] - Additionally, the Jiashi Rare Earth ETF linked fund (011036) offers an alternative for off-market investors to capitalize on rare earth investment opportunities [3]

责任编辑：小浪快报 富国中证稀土产业ETF（159713）成立日期2021年8月5日，最新规模10.79亿。今年以来收益16.79%， 同类排名405/5551；近一年收益107.99%，同类排名111/4285；成立以来收益53.66%。 富国中证稀土产业ETF（159713）基金经理为殷钦怡、曹璐迪。 截至发稿，殷钦怡累计任职时间1年191天，现任基金资产总规模241.92亿元，任职期间最佳基金回报 105.04%， 任职期间最差基金回报-13.16%。 曹璐迪累计任职时间5年256天，现任基金资产总规模215.81亿元，任职期间最佳基金回报138.03%， 任 职期间最差基金回报-44.98%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 1月29日，盛和资源涨5.31%，截至发稿，报28.75元/股，成交7.39亿元，换手率1.49%，总市值503.94亿 元。 资料显示，盛和资源控股股份有限公司位于四川省成都市双流区怡 ...