价格异动，一周飙升近5万元 1月末的稀土市场，颇不宁静。 氧化钕作为高性能钕铁硼永磁体的关键原料，其价格在1月23日至28日间，每吨上涨近5万元。这波涨势并非孤立，氧化镨、氧化钇等稀土品种价格同步上 扬。 这场涨价潮背后，是全球高端制造业对"工业维生素"日益增长的需求，与中国对战略性资源供应调控之间的深度互动。 缅甸作为中国重稀土重要进口来源，其政局动荡导致稀土出口量已降至峰值水平的20%-25%。而越南自2026年1月起，已全面禁止稀土原矿出口。 1月的最后一周，稀土市场交易屏幕上的数字跳动令人屏息。氧化钕中间价从1月23日的68.3万元/吨，急速拉升至1月28日的73.25万元/吨，周涨幅超过 7%。 同步监测数据显示，氧化镨价格也从68.37万元/吨涨至73.25万元/吨，金属钕则从82.75万元/吨上涨至87.37万元/吨。 富途证券报道，截至1月28日，氧化钕均价较去年年末涨幅已达20.08%。这一价格异动迅速传导至产业链下游，钕铁硼永磁材料价格应声上涨。 稀土精矿价格已连续第六个季度上调，创下2023年3月以来的新高。 机器人"粮食"告急，新兴需求爆发 钕铁硼永磁材料被称为现代高端制造的"粮食"， ...

转自：智通财经 注：智通财经VIP为内容资讯产品，并非投资建议。以下内容仅为资讯价值展示非对相关公 司的推荐建议，非未来走势预测。投资有风险，入市需谨慎。 市场热点一 油气 消息面上，NYMEX原油期货主力合约日内突破64美元大关，现涨1.8%。 《九点特供》：盘前必读的特供早报。 1月26日08:17《九点特供》 解读海外映射，指出国际油价涨近3%，在解读海外局势后，并梳理了涨价 的逻辑，提及国内焦点公司洲际油气，截至1月29日收盘，其4日收获3次涨停。 洲际油气(600759) < 01-29 15:43:38 沪 融 5.69 所属行业:石油石化 +4.80% > > 查看所属板块 > 油气设服 天然气 +0.52 +10.06% +1.74% 最相关 +0.97% 成交量 5.48 最 高 5.69 856万手 今 开 昨 收 5.17 最 低 5.12 成交额 46.4亿 换手率 20.65% 总市值 236亿 ▲ 213.13 市盈动 热股 财联社热股榜TOP13 > 分时 五日 日K 周K 月K 分钟▼ [0] MA5 前复权 5.69 5.69 1月26日08:17《九点特供》解读海外 指出国 ...

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。 ...

消息面上，1月以来，稀土价格持续上涨，其中氧化钇、氧化镨、氧化钕涨幅明显，其中氧化钕、氧化 镨价格均上涨超12万元/吨。根据包头稀土产品交易所数据，截至1月28日，氧化钇均价为7.7万元/吨， 较去年年末上涨33.46%；氧化钕均价为73.25万元/吨，较去年年末上涨20.08%；氧化镨均价为73.33万 元/吨，较去年年末累计上涨19.92%。 金力永磁(06680)一度涨超4%，截至发稿，涨4.29%，报23.8港元，成交额2.03亿港元。 智通财经APP获悉，金力永磁(06680)一度涨超4%，截至发稿，涨4.29%，报23.8港元，成交额2.03亿港 元。 此前，金力永磁发布盈喜，预计2025年全年归母净利润为6.6亿元至7.6亿元，比上年同期增长127%至 161%。公司表示，其产品产销量创历史新高，进一步巩固了全球稀土永磁行业龙头地位。2025年度公 司具身机器人电机转子及磁材产品、低空飞行器领域产品已有小批量交付。 ...

2026年1月28日稀土价格一览 | | | 中钨在线稀土产品报价表 | | | | | --- | --- | --- | --- | --- | --- | | | | 2026年1月28日 | | | | | 产品名称 | | 规格/含量/牌号 | 中钨在线报价 | 涨跌 | 車位 | | | 氧化铜 | La2O3/TREO 99.5-99.9% | 4.400.00 | 1 | 元/吨 | | | 氧化镇 | Eu2O3/TREO 99.95-99.99% | 170.00 | 1 | 元/千克 | | 轻 | 氧化籍 | Pr6011/TREO 99.0-99.9% | 735,000.00 | 1 25,000 | 元/吨 | | 編 | | | | | | | + | 氧化紋 | Nd2O3/TREO 99.0-99.9% | 726.000.00 | 1 21,000 | 元/吨 | | | 氧化墙钦 | (Nd2O3+PrcO11)/TREO275.0% | 698,000.00 | 1 8,000 | 元/吨 | | | 错效金属 | Pr/TREM 20-25% | 850.000.0 ...

2025年，面对复杂多变的国内外形势和市场环境，北方稀土带头践行国家产业政策，遵循发展战略规 划，紧抓市场变化节奏，紧盯全年生产经营任务目标，强化全面预算管理，深化对标提升及降本提质增 效。 1月16日晚，北方稀土（600111）披露业绩预告，公司预计2025年度实现归母净利润21.76亿元到23.56亿 元，同比增加116.67%到134.60%；预计2025年扣非后净利润19.6亿元到21.4亿元，同比增加117.46%到 137.43%。 北方稀土是我国最早建立并发展壮大的国有控股稀土企业。经过多年发展，公司已成为全球最大的稀土 企业集团和稀土产业基地，在我国稀土行业有着重要影响力。 去年以来，国内市场稀土价格出现修复。据中国稀土（000831）行业协会整理的数据，2025年1至12月 多数稀土价格均出现上涨，比如在轻稀土中氧化钕均价为50.87万元/吨，同比上涨27.4%；金属钕均价 为62.58万元/吨，同比上涨27%。再如在重稀土中，99.99%氧化铽均价为673.87万元/吨，同比上涨 17.2%；金属铽均价为835.91万元/吨，同比上涨16.5%。 科研创新赋能方面，北方稀土不断加大科技创新 ...

1月16日晚，北方稀土（600111）披露业绩预告，公司预计2025年度实现归母净利润21.76亿元到23.56亿 元，同比增加116.67%到134.60%；预计2025年扣非后净利润19.6亿元到21.4亿元，同比增加117.46%到 137.43%。 北方稀土是我国最早建立并发展壮大的国有控股稀土企业。经过多年发展，公司在行业内率先发展成为 集稀土冶炼分离、功能材料、应用产品、科研和贸易一体化的集团化上市公司，已成为全球最大的稀土 企业集团和稀土产业基地，是我国稀土大集团之一，在我国稀土行业有着重要影响力。 去年以来，国内市场稀土价格出现修复。据中国稀土（000831）行业协会整理的数据，2025年1至12月 多数稀土价格均出现上涨，比如在轻稀土中氧化钕均价为50.87万元/吨，同比上涨27.4%；金属钕均价 为62.58万元/吨，同比上涨27%。再如在重稀土中，99.99%氧化铽均价为673.87万元/吨，同比上涨 17.2%；金属铽均价为835.91万元/吨，同比上涨16.5%。 2025年，面对复杂多变的国内外形势和市场环境，北方稀土带头践行国家产业政策，遵循发展战略规 划，紧抓市场变化节奏，紧盯 ...

稀土涨价逻辑及后续行情展望 20260115 摘要 2025 年稀土价格上涨主要受社会库存偏低、系统管理条例执行及供需 关系矛盾影响，政策提高了供应集中度，导致灰色产业链退出，原矿供 应减少。 预计 2026 年稀土市场供需趋于平衡，社会库存达到合理水平，产业集 中度提高，普钕价格可能上升至 60-80 万元，甚至冲击 100 万元，镍 铁硼产量预计增长 10%至 44 万吨，下游需求依然强劲。 未来 3-5 年，澳大利亚莱纳斯和美国穆公司有望显著扩展全球稀土供应， 将氧化钕供应从 1.5 万吨增加到 2.5-3 万吨，其他国家增量相对较小。 废料回收对稀土市场有一定影响，但受限于原材料不足和政策标准不明 朗，无法完全解决供需矛盾，稀土固废回收进口政策尚未完全明确。 中国实施稀土出口管制旨在确保战略资源安全，尽管出口量略有减少， 但总体影响不大，未来政策将更加严谨，不会放松。 磁钢领域，特别是人形机器人将成为稀土需求的最大增长点，新能源汽 车需求稳定，磁钢企业积极探索高端化转型。 国家可能通过释放配额调节稀土价格，但需依赖合规产能的扩充和整合， 预计 2026 年氧化镨钕价格在 60-80 万元之间，三季度可 ...

Summary of Rare Earth Industry Conference Call Industry Overview - The conference call focused on the rare earth industry, particularly the impact of geopolitical tensions on pricing and supply dynamics [1][2]. Key Points and Arguments - **Price Surge Expectations**: Anticipation of a price increase for rare earth elements due to China's sanctions against Japan, which may lead to a price spike similar to historical events caused by supply shortages. A minimum price increase of 600,000 to 900,000 RMB is expected in the first half of 2026, with potential for prices to exceed 1 million RMB due to excess inventory [1][2]. - **Geopolitical Tensions**: Ongoing U.S.-China sanctions and China's retaliatory measures against Japan contribute to market uncertainty, supporting the case for rising rare earth prices. Historical precedents indicate that sanctions have previously led to significant price increases [2]. - **Supply Constraints**: Domestic supply is tightly controlled due to policy restrictions, with an increase in the proportion of recycled materials. The growth potential of imported ores is limited due to various challenges, including political instability and resource depletion [1][4][5]. - **Demand Growth**: Strong structural growth in demand for rare earths is noted in the electric vehicle and industrial robotics sectors, with 47% of downstream demand expected to come from electric vehicles in 2024. The industry is experiencing a significant increase in stocking demand, with price acceptance levels rising [6][7]. Investment Recommendations - Recommended companies for investment include: - Guangsheng Youse (now known as Zhongxi Youse) - Life Resources - Pure North-side companies such as Beixi, Baogang, and Zhongxi - In the resource and deep processing sectors, a focus on resources with some emphasis on deep processing is advised [3]. Supply-Side Considerations - **Domestic Quotas**: The distribution of domestic quotas for 2026 is expected to be broad, but overall growth will be slow due to tightened supply conditions [4]. - **Recycling Capacity**: There has been a notable increase in recycling capacity, with the proportion of recycled oxides rising from 25% to approximately 30% [4]. - **Import Limitations**: The potential for increased imports from Myanmar is limited due to various issues, while U.S. exports to China have effectively ceased [4]. Demand-Side Considerations - **Inventory Levels**: Current industry inventory is at a moderately low level, not exceeding two to three months of consumption, with expectations for stocking demand around the Lunar New Year and the second quarter [6]. - **Export Fluctuations**: Export volumes have shown significant volatility, with a recovery noted after regulatory impacts in the Middle East [7]. Price Forecasts - Expectations for neodymium oxide prices to reach 700,000 RMB by the end of the first quarter, with recent price increases observed [8]. - The price of dysprosium has decreased due to reduced downstream demand, particularly in the electric vehicle and wind power sectors [9]. Commercial Aerospace Demand - The commercial aerospace sector's demand for rare earth elements is primarily focused on high-grade materials for gyroscopes and flywheels, as well as structural components for satellites [10]. Overseas Industry Developments - Despite holding 70% of global reserves, overseas mining and refining progress is slow, with China maintaining a dominant position in production [11][12]. China's Competitive Advantages - China leads in rare earth production, accounting for 90% of global output, with a focus on recycling and established mining operations compared to overseas projects [12]. This summary encapsulates the critical insights from the conference call regarding the rare earth industry, highlighting the interplay of geopolitical factors, supply-demand dynamics, and investment opportunities.

Group 1 - The Baotou Rare Earth Products Exchange has launched a rare earth price index, utilizing its trading data and compliance trade data, covering mainstream products like lanthanum, cerium, praseodymium, and neodymium [1] - The index is developed in collaboration with major rare earth enterprises and institutions, including Northern Rare Earth and China Rare Earth [1] - Baotou Steel and Northern Rare Earth announced an adjustment in the price of rare earth concentrate to 26,834 yuan/ton (excluding tax), a 2.4% increase [1] Group 2 - Northern Rare Earth is the largest supplier of light rare earth products globally, with China holding approximately 40% of the world's rare earth resources [2] - From Q3 2024, the price of rare earth concentrates has been raised six consecutive times, with significant price increases noted in various rare earth products [2] - Northern Rare Earth reported a revenue of 30.292 billion yuan for the first three quarters of 2025, a 40.5% year-on-year increase, and a net profit of 1.541 billion yuan, up 280.27% [2] Group 3 - The demand for rare earth permanent magnets is growing rapidly, particularly in the electric vehicle sector, which is expected to account for about 50% of future demand for high-performance neodymium-iron-boron magnets [3] - The compound annual growth rate (CAGR) for rare earth demand is projected to exceed 13% over the next three years, driven by sectors like electric vehicles and wind power [3] Group 4 - Jinli Permanent Magnet expects a net profit of 505 million to 550 million yuan for the first three quarters of 2025, representing a year-on-year increase of 157% to 179% [4] - China Rare Earth Holdings is primarily engaged in the manufacturing and sales of rare earth and refractory products [4] Group 5 - Minmetals Resources has been initiated with a "recommend" rating, with projected revenues of 48.3 billion, 64.5 billion, and 68.7 billion HKD from 2025 to 2027 [5] - China Aluminum is a leading enterprise in the aluminum industry, involved in the exploration and production of various resources [5]