2025年12月17日稀土市场行情： 根据包头稀土产品交易所显示，今日稀土主流产品价格保持弱稳。氧化镨钕均价57.70万元/吨，下跌 0.04万元/吨；金属镨钕均价69.89万元/吨，下跌0.34万元/吨；氧化镝均价140.10万元/吨，下跌0.04万元/ 吨；氧化铽均价621.17万元/吨，下跌3.00万元/吨。今日询价氧化钕、氧化镨、氧化镧铈、氧化铕、氧 化钇等产品成交信息较少，请慎重参考。目前，镨钕市场成交僵持，价格继续保持弱稳运行，下游采购 有限，商家观望持续。中重稀土市场保持少量刚需成交，近期氧化镝刚需采购增多，活跃度继续提升。 整体来看，稀土市场整体氛围依旧偏淡，近期稀土价格或继续保持弱稳走势，同时应提高对中重稀土市 场的关注。 作者：行情君 A股市场部分稀土永磁概念股行情表现（2025年12月17日） 代码名称最新价（元）涨跌幅（%）成交额002738中矿资源67.448.5824.86亿元600549厦门钨业 41.595.9331.08亿元002497雅化集团23.05.8415.03亿元301092争光股份37.174.562.70亿元002056横店东磁 19.463.954.94亿元 ...

Summary of Northern Rare Earth Conference Call Industry Overview - The rare earth sector has recently experienced volatility due to export control measures announced by the Chinese Ministry of Commerce and the General Administration of Customs on April 4, affecting seven categories of medium and heavy rare earth items, including samarium and cobalt magnetic materials [3] - China is the only country capable of producing all 17 rare earth elements, making its supply irreplaceable globally [4][11] - The rare earth market is expected to face a short-term supply shortage, leading to potential price increases and an expansion of the domestic-international price gap [4] Company Insights - Northern Rare Earth, leveraging resources from the Baotou Steel's Baiyun Obo mining area, is focusing on an integrated industrial chain to enhance its market position [4][6] - The company has a diversified product range, including raw materials, functional materials, and end-use products, which helps it maintain profitability during market downturns [6] - Northern Rare Earth plans to invest 7.8 billion in green smelting upgrades to enhance production efficiency and profitability, aiming to shift towards high-end products [4][14] Market Dynamics - The rare earth prices are projected to gradually increase by 2025 as the supply-demand gap narrows, with significant price rises expected for both light and medium-heavy rare earths [10] - The domestic demand for rare earths is anticipated to grow at around 10% from 2024 to 2027, driven by sectors such as electric vehicles, energy-efficient air conditioning, and industrial robotics [12] Regulatory Environment - The Chinese government is intensifying its management of the rare earth industry, implementing total control over mining and smelting to protect resources and eliminate illegal mining activities [8] - Policy support is expected to provide long-term price stability for domestic and international markets, benefiting companies like Northern Rare Earth [8][9] Competitive Landscape - Northern Rare Earth holds a dominant position in the market, accounting for 70% of total indicators, alongside the China Rare Earth Group, forming a dual-leader structure in the industry [4][11] - Recommended companies in the current policy environment include Northern Rare Earth, China Guangshun Nonferrous, and social resources, all of which exhibit strong risk resistance and can benefit from policy support [9] Financial Projections - Northern Rare Earth's projected net profits for 2025 and 2026 are estimated at 1.588 billion and 2.72 billion respectively, indicating a positive growth trajectory [14]