日前，上海证券交易所发布《关于上证50、上证180、上证380等指数定期调整结果的公告》。公告显 示，根据指数规则，经指数专家委员会审议，上海证券交易所拟将北方稀土(600111.SH)等多只股票调 入上证50指数成分股，调整情况将于2025年12月12日收市后生效。值得注意的是，这是北方稀土在2025 年年内第二次跻身核心宽基指数——此前公司已成功纳入中证A50指数，成为年内同时斩获两大核心指 数"入场券"的稀缺战略资源标的，其投资价值与行业龙头地位得到资本市场高度认可。 在新质生产力加速发展的背景下，北方稀土的战略价值愈发凸显。作为全球稀土产业链的关键枢纽，公 司背靠白云鄂博矿这一国内稀土核心资源，原料供应稳定且成本可控。背靠资源优势，政策红利与技术 壁垒共同构筑起公司的双重护城河。2024年10月施行的《稀土管理条例》以行政立法形式覆盖稀土全产 业链，有效遏制稀土行业内的非法开采、无序竞争等乱象，推动稀土产业从"资源粗放输出"向"高质量 合规发展"转型;2025年10月商务部对稀土相关技术实施出口管制，11月稀土新政明确"合规即放行"原 则，既守住国家战略资源安全底线，又强化了中国在全球稀土市场的定价权 ...

截至发稿，中国稀土市值为500亿元。 每经头条（nbdtoutiao）——处方药变"瘾品"：国内首次报告普瑞巴林滥用致成瘾病例，网络平台暴 露"无病历可购药"漏洞，列管与否尚需科学考量 每经AI快讯，中国稀土（SZ 000831，收盘价：47.14元）12月8日晚间发布公告称，公司第九届第二十 二次董事会会议于2025年12月8日在江西省赣州市章贡区章江南大道18号豪德银座A栋14层会议室以现 场加通讯方式召开。会议审议了《关于召开2025年第四次临时股东会的议案》等文件。 2025年1至6月份，中国稀土的营业收入构成为：稀土行业占比100.0%。 （记者 曾健辉） ...

中国山东省的青岛港（kyodo） 汽车大幅增长50％。稀土也高于去年同期。对美出口下降28.6％，对日本出口增长4.3％…… 中国海关总署12月8日发布的11月贸易统计（以美元计价）数据显示，出口同比增长5.9％，达到3303亿 美元。2个月来再次转为增长。包含纯电动汽车（EV）在内的汽车出货量增加。 进口同比增长1.9％，达到2186亿美元，连续6个月实现正增长。出口额减去进口额得出的贸易顺差为 1116亿美元。由于出口增幅高于进口增幅，贸易顺差规模相较于去年同期有所扩大。 从出口品类来看，汽车大幅增长50％。稀土也高于去年同期。智能手机和个人电脑则分别低于去年同 期。 从出口目的地来看，对美出口下降28.6％。对最大出口目的地东盟（ASEAN）出口增长8.2％。对日本 出口增长4.3％。对欧盟（EU）出口也高于去年同期。 日本经济新闻（中文版：日经中文网）盐崎健太郎 北京 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 视频号推荐内容： ...

Core Insights - China's rare earth exports in November reached 5,493.9 tons, contributing to a cumulative total of 58,193.1 tons from January to November, reflecting a year-on-year increase of 11.7% [1] Group 1 - In November, China's rare earth exports were 5,493.9 tons [1] - The cumulative export from January to November is 58,193.1 tons [1] - The year-on-year growth in cumulative exports is 11.7% [1]

每经AI快讯，12月8日，海关总署数据显示，中国11月稀土出口5493.9吨，1至11月累计出口58193.1吨， 累计出口同比增长11.7%。 ...

Investment Rating - The report holds a "Buy" rating for MP Materials and a "Sell" rating for Ramaco Resources [6]. Core Insights - The rare earth market, while small, is crucial for key industries, contributing approximately 3% to the US GDP, with China dominating the market by controlling 92% of refining and 98% of magnet manufacturing [1][2]. - The scarcity of heavy rare earth minerals, with 80% of reserves located in China and Myanmar, combined with complex extraction technologies, has led to a loss of technical advantage for Western countries [1][3]. - The demand for critical metals in clean technology is increasing, particularly for neodymium (Nd) and praseodymium (Pr) used in wind turbines and electric vehicle magnets [1][5]. - MP Materials has a strong operational foundation with high-quality assets and a solid customer base, including General Motors and Apple, supported by long-term contracts [1][6]. - The easing of US-China trade tensions is expected to benefit MP Materials, with fundamental factors likely to support stock price growth in the long term [1][6]. Summary by Sections Market Overview - The global rare earth market sales were approximately $7 billion in 2024, significantly smaller than the copper market [2]. - The geopolitical landscape is pushing for supply chain localization, making access to metals critical [5]. Company Analysis - MP Materials is positioned advantageously due to global supply tightness, having secured a minimum price guarantee of $110 per kilogram, which is significantly higher than global market prices [3][7]. - The company plans to expand its production capacity, with expectations to double its existing separation facility capacity by the end of 2026 [7]. Competitive Landscape - MP Materials employs a vertical integration strategy, which provides a competitive edge over Ramaco Resources, which is still in the development phase and requires substantial capital expenditure [6][7]. - The report highlights the significant differences in asset quality and business models between MP Materials and Ramaco Resources [6]. Future Outlook - The report anticipates that MP Materials will begin selling finished magnets to General Motors by late 2026, with a focus on heavy rare earths due to strong demand in defense applications [7]. - There is no indication of a surplus similar to LNG in the rare earth market, with predictions of continued deficits through 2027 due to strong demand growth [13].

来源：市场资讯 （来源：木鱼ETF） 周五盘中大金融异动和盘后监管发力分析见《大金融"三记重拳"，券商ETF正切换至"价值牛"通道》。应该说从短期算情绪炒作空间未必多大，毕竟利好 是未来兑现，但长期来看坚定长投价值很确定。 而其最大意义在于，给市场长期慢牛走势提供了信心，指数级别难有大幅调整空间，有的是资金等着低吸。 而配置角度上，偏蓝筹的非银金融、资源、现金流、宽基系等，偏景气抱团的出海赛道都有逢低配置的逻辑。对于中期来说，出海依然是机构最请青睐的 方向，参考《出海新格局下，七类ETF打开增长的第二战场》。有这么多主题，谁有低吸机会就关注谁了，不会急着追。 只是操作上，谨慎追涨以防最后风格漂移资金归位。毕竟热点一多，就刺激电风扇了。 周五午后市场情绪暴涨，一方面有资金提前知道了盘后监管层的重磅发声，尤其是保险带动指数的作用很强。另外一方面，还有两个突发利好。 -报道称，百度AI芯片业务昆仑芯计划在香港IPO -金力永磁、中科三环、宁波韵升已获得通用出口许可证 前者带动半导体、港股科技，后者刺激稀土、有色金属。 所以我们多次强调，市场就算有时很磨人，却是资金在等着机会而已。更新更低的机会，都值得一试。 周五还 ...

财经摆渡人 精研出品 破浪前行，共探财富新局 大家好欢迎收看【古今财鉴】 11月7日，中国突然宣布暂停稀土出口管制一年。 消息一出，华盛顿那边立马毕竟就在半年前，他们还因为咱们收紧出口急得跳脚。 这稀土到底是啥宝贝，能让两个大国来回拉扯？今天咱们就掰开揉碎了聊，为啥这玩意儿成了中美经贸 的"晴雨表"。 要说稀土，得先搞明白它到底是啥。 其实就是17种金属元素的总称，别看名字带"土"，用处可大了去了。 手机屏幕、新能源汽车电机、导弹制导系统，都得靠它来"调味"，所以业内管它叫"工业味精"。 少了这东西，很多高科技产品压根造不出来。 从"烂大街"到"香饽饽"，中国稀土的逆袭密码 上世纪50年代，咱们想炼点稀土，全靠土办法。 那会儿炼出来的稀土纯度低，卖不上价，国外还卡着技术不让咱们学。 直到1955年，有个叫邹元燨的科学家，闷头搞出"火法冶炼"技术，把稀土实收率提到80%，这才算在稀 土圈有了立足之地。 但真正让中国稀土站起来的，是1974年徐光宪院士的"串级萃取技术"。 你知道吗？那会儿分离镨钕元素，国外得用几百级萃取槽，成本高得吓人。 咱们国家稀土资源本来就丰富，北方内蒙古白云鄂博矿的轻稀土，南方江西、广东的 ...

Investment Ratings - The report maintains a positive outlook on copper, aluminum, and rare earths, indicating high market activity and potential for growth [12][33][34]. Core Insights - Copper prices increased by 4.38% to $11,665.00 per ton on LME, with domestic prices rising by 6.12% to 92,800 yuan per ton, driven by supply constraints and high demand [1][13]. - Aluminum prices rose by 1.24% to $2,900.50 per ton on LME, with domestic prices up 3.4% to 22,300 yuan per ton, reflecting stable demand despite seasonal fluctuations [2][14]. - Gold prices decreased by 0.87% to $4,227.7 per ounce, influenced by geopolitical risks and market volatility, while SPDR gold holdings increased [3][15]. - Rare earth prices, particularly praseodymium-neodymium oxide, rose by 2.79%, with expectations of increased demand due to supply constraints and favorable export conditions [4][34]. - Antimony prices decreased by 1.79%, but the outlook remains positive due to anticipated recovery in exports [4][35]. - Tin prices increased by 4.70%, supported by low inventory levels and supply disruptions in Indonesia and Myanmar [4][36]. Summary by Sections Copper - LME copper price increased by 4.38% to $11,665.00 per ton, with domestic prices at 92,800 yuan per ton [1][13]. - Supply constraints are evident with a decrease in copper inventory and processing fees [1][13]. - Downstream demand is weakening due to high prices, leading to a decline in new orders [1][13]. Aluminum - LME aluminum price rose by 1.24% to $2,900.50 per ton, with domestic prices at 22,300 yuan per ton [2][14]. - Inventory levels remain stable, but processing rates have decreased slightly [2][14]. - Demand is cautious due to high prices affecting transaction volumes [2][14]. Precious Metals - Gold prices fell by 0.87% to $4,227.7 per ounce, with geopolitical factors influencing market dynamics [3][15]. - SPDR gold holdings increased, indicating a slight uptick in investor interest [3][15]. Rare Earths - Praseodymium-neodymium oxide prices increased by 2.79%, with expectations of higher demand due to supply constraints [4][34]. - Export conditions are improving, contributing to a positive outlook for the sector [4][34]. Antimony - Antimony prices decreased by 1.79%, but the long-term outlook remains optimistic due to potential export recovery [4][35]. Tin - Tin prices increased by 4.70%, driven by low inventory levels and supply disruptions [4][36].

"这无疑是从雄心到实施的真正转变，但仍有所不足，"谢弗告诉路透社，欧盟需要加紧与可供应关键矿 物的第三国谈判。他补充说："近年来，我们与国际伙伴签署了许多谅解备忘录，但这只是起点。我们 必须变得更像交易撮合者，摆脱平淡的态度，不只是空谈一切。" 他还表示，欧洲需要确保不再继续将关键稀土资产流失给美国。 据介绍，不久前，美国稀土公司"USAR"刚刚收购了英国企业Less Common Metals（LCM），而后者是 一家为数不多有能力将稀土氧化物转化为金属和合金的欧洲公司。 谢弗警告说："我们正面临危险，即稀土价值链在很大程度上被强行拉向美国。美国可能成为第二个中 国。换句话说，美国或将成为我们依赖进口磁铁的另一个国家。" EIT RawMaterials首席执行官伯恩德·谢弗资料图 【文/观察者网 齐倩】 路透社5日报道称，这意味着欧盟终于动真格了。该计划将在未来一年，在电动车、风力涡轮机和半导 体所需的关键原材料领域投资30亿欧元（247亿元人民币），以减少对单一国家的依赖。 欧盟关键矿物机构EIT RawMaterials首席执行官伯恩德·谢弗3日接受采访时称，他对于上述计划表示欢 迎，但同时提醒说，欧 ...