分红方面，中国稀土A股上市后累计派现3.46亿元。近三年，累计派现1.24亿元。 机构持仓方面，截止2025年9月30日，中国稀土十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股2906.94万股，相比上期增加946.69万股。南方中证500ETF（510500）位居第五大流通股 东，持股1079.60万股，相比上期减少27.03万股。嘉实中证稀土产业ETF（516150）位居第六大流通股 东，持股799.75万股，为新进股东。南方中证申万有色金属ETF发起联接A（004432）位居第八大流通 股东，持股603.53万股，为新进股东。 融券方面，中国稀土11月21日融券偿还1.28万股，融券卖出4.98万股，按当日收盘价计算，卖出金额 231.77万元；融券余量40.62万股，融券余额1890.45万元，超过近一年70%分位水平，处于较高位。 资料显示，中国稀土集团资源科技股份有限公司位于江西省赣州市章贡区章江南大道18号豪德银座A栋 14、15层，成立日期1998年6月17日，上市日期1998年9月11日，公司主营业务涉及稀土冶炼分离及稀土 技术研发及服务。主营业务收入构成为：稀土氧化物63. ...

烧钱的无底洞：第一张致命牌是资金，或者说，是无休止烧钱的噩梦。2.16亿欧元看似很多，但这只是用来建设厂房、购买设备、调试生产线的基础开支， 真正的烧钱大头在后续的运营上。欧洲的人工成本非常高，一个资深工程师的薪水至少是亚洲的两到三倍，这还不算高额的社会保障和福利支出，让每一项 人力成本都显得沉重而不可忽视。 更糟糕的是能源问题，工厂建在法国西南部的一个废弃天然气园区，电力依赖核电和进口天然气。只要地缘政治局势稍有波动，电价和天然气价格就可能暴 涨。业内人士测算，仅能源成本一项，就比中国的同类工厂高出50%以上，单位产品的综合成本是中国的2.5倍。这样一来，如何在这种高成本环境下维持 生意呢？ 前言：在法国西南部，一场围绕稀土资源的国际赌局悄然展开，法日两国联手，拿出了2.16亿欧元的赌注，目标是打破中国在稀土领域数十年的垄断地位。 欧盟视其为战略项目，巴西也迅速加入其中，局势变得异常紧张。这场豪赌吸引了全球的目光，然而，赌局背后隐藏的致命弱点又是什么呢？这场豪赌真的 能够撬动中国在稀土领域的铁板吗？ 2.16亿欧元，一场注定失败的赌局：赌局已经开始，筹码已经下定。2.16亿欧元的投资数额，足以让任何人驻足观 ...

欧洲放缓调门： 稀土博弈主导权仍在中国 2.中国的出口许可制度仍是关键环节，保有全面审核最终用户、审批申请及基于安全理由暂停出货的最终权力。 3.此番外交姿态转变凸显了欧洲的脆弱性：若无本土精炼产能，欧盟只能通过协商获取资源，远未实现真正的供应链"去风险化"。 据《南华早报》报道，欧盟已进入"缓和模式"，降低公开言论的对抗性，以争取更稳定的稀土出口渠道。但在外交辞令之下，是二十年来未曾改变的结构 性现实：中国掌控着供给主导权。 最新谈判的焦点在于，稀土氧化物及材料的出口许可期限有望从现行的三个月延长至一年。欧盟视此举为稳定稀土供应的信号；而对中国而言，这更是一 项审慎的决策。即便实施年度许可，中国仍完全保留批准最终用户、审核各项申请，以及基于安全理由，尤其是在"军事最终用途"这一具有灵活解释空间 的定义上，暂停出口的绝对权力。 对于投资者而言，此事的重点不是欧洲获得了多少利益，而是中国基本没有损失。 饮鸩止渴 布鲁塞尔语调放缓的背后是旷日持久的压力：自中国于2025年4月实施出口管制措施限制稀土出口以来，欧洲制造商一直处境艰难。九月荷兰政府切断安 世半导体(Nexperia)欧洲部门与其中国母公司的联系，北京 ...

来源：新浪基金∞工作室 11月21日，中国稀土跌5.02%，截至发稿，报46.59元/股，成交6.75亿元，换手率1.35%，总市值494.42 亿元。 资料显示，中国稀土集团资源科技股份有限公司位于江西省赣州市章贡区章江南大道18号豪德银座A栋 14、15层，成立日期1998年6月17日，上市日期1998年9月11日，公司主营业务涉及稀土冶炼分离及稀土 技术研发及服务。主营业务收入构成为：稀土氧化物63.51%，稀土金属及合金35.95%，其他(补 充)0.35%，技术服务收入0.18%。 从基金十大重仓股角度 基金名称基金代码基金经理持股数量(股)占流通股比例(%)占基金净值比(%)持股数量变动(股)稀有金属 ETF基金159671史宝珖379500--3.46-116800工银睿智进取股票(FOF-LOF)A501218周崟335000.00310.97新 进能源ETF561260史宝珖、张乐涛275000.00253.02新进 其中，稀有金属ETF基金（159671）三季度减持11.68万股，持有股数37.95万股，占基金净值比例为 3.46%，位居第七大重仓股。根据测算，今日浮亏损失约93.36万元 ...

11月19日，中国稀土盘中上涨2.11%，截至13:18，报47.88元/股，成交6.97亿元，换手率1.39%，总市值 508.11亿元。 机构持仓方面，截止2025年9月30日，中国稀土十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股2906.94万股，相比上期增加946.69万股。南方中证500ETF（510500）位居第五大流通股 东，持股1079.60万股，相比上期减少27.03万股。嘉实中证稀土产业ETF（516150）位居第六大流通股 东，持股799.75万股，为新进股东。南方中证申万有色金属ETF发起联接A（004432）位居第八大流通 股东，持股603.53万股，为新进股东。 今年以来中国稀土已经6次登上龙虎榜，最近一次登上龙虎榜为10月13日，当日龙虎榜净买入2.67亿 元；买入总计9.23亿元 ，占总成交额比13.55%；卖出总计6.56亿元 ，占总成交额比9.63%。 资料显示，中国稀土集团资源科技股份有限公司位于江西省赣州市章贡区章江南大道18号豪德银座A栋 14、15层，成立日期1998年6月17日，上市日期1998年9月11日，公司主营业务涉及稀土冶炼分离及稀土 技 ...

Core Viewpoint - The stock price of China Rare Earth has experienced fluctuations, with a year-to-date increase of 67.77% but a recent decline in the last five and twenty trading days [2] Group 1: Stock Performance - As of November 18, China Rare Earth's stock price is 47.06 CNY per share, down 2.04% during the trading session [1] - The stock has seen a trading volume of 2.33 billion CNY and a turnover rate of 0.46%, with a total market capitalization of 499.41 billion CNY [1] - Year-to-date, the stock has been on the "Dragon and Tiger List" six times, with the most recent net purchase of 267 million CNY on October 13 [2] Group 2: Financial Performance - For the period from January to September 2025, China Rare Earth reported a revenue of 2.494 billion CNY, representing a year-on-year growth of 27.73% [2] - The net profit attributable to the parent company for the same period was 192 million CNY, showing a significant increase of 194.67% year-on-year [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for China Rare Earth has increased to 254,200, with an average of 4,174 circulating shares per person [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 9.4669 million shares [3] - New institutional shareholders include the 嘉实中证稀土产业ETF and 南方中证申万有色金属ETF, indicating growing interest in the company [3]

盛和资源（600392.SH）11月17日在投资者互动平台表示，公司稀土业务主要产品为稀土氧化物及金 属，不直接供货给汽车整车生产企业。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：新能源汽车对稀土永磁材料需求快速增长，请问公司 在这一领域的客户结构如何？与特斯拉、比亚迪等头部车企的合作进展如何？ ...

Core Insights - The article highlights the contrasting dynamics of the U.S. economy, showcasing the impact of Trump's tariff policies on both strategic resources and monetary policy challenges [1][3]. Tariff Policy Impact - Trump's tariff policy has significantly increased the U.S. weighted average tariff rate from 2.5% at the beginning of the year to 13.6%, representing a more than fivefold increase, effectively acting as a substantial tax hike on the U.S. economy [3]. - The tariff strategy has led to a critical situation in the global rare earth market, where the U.S. relies heavily on imports from China, accounting for over 90% of its rare earth needs [4]. Rare Earth Supply Agreements - In October, Solvay Group, a major European chemical company, announced significant agreements to supply rare earth oxides to U.S. companies, indicating a strategic move to diversify supply sources [6]. - Solvay is one of the few companies capable of competing with China in rare earth processing, having recently restarted production lines in France, although full capacity for certain rare earth elements will not be achieved until 2026 [7][9]. Supply Limitations - Despite the agreements, the supply quantities are marked as "limited," and commercial production is contingent on ongoing support from customers and the government [9]. - Solvay's raw materials will need to be sourced from countries like Australia or through recycling, and there are considerations for establishing manufacturing facilities in the U.S. due to more substantial financial support compared to Europe [9]. Federal Reserve's Monetary Policy Dilemma - The Federal Reserve is facing a significant internal debate regarding interest rate policies, with differing views on the urgency of addressing inflation versus maintaining current employment levels [11][13]. - The ongoing government shutdown has led to a unique situation where critical economic data, such as CPI and employment reports, may never be released, complicating the Fed's decision-making process [15]. Inflation Concerns - A UBS report indicates that Trump's tariff policies could raise core personal consumption expenditure inflation by 0.8 percentage points by 2026, with cumulative effects potentially reaching 1.9 percentage points when considering supply chain shifts [16]. - The Fed is grappling with the dual challenge of a slowing economy that may require rate cuts and persistent inflation driven by tariffs, creating a complex environment for monetary policy [18]. Price Implications - Solvay's expansion in France is expected to result in higher production costs, with U.S. defense procurement officials noting that domestic rare earth products are priced two to three times higher than their Chinese counterparts [19]. - This price disparity is likely to be passed on to consumers, affecting the prices of various products that utilize rare earth elements, which is a scenario the Fed is keen to avoid [19].

今年以来中国稀土已经6次登上龙虎榜，最近一次登上龙虎榜为10月13日，当日龙虎榜净买入2.67亿 元；买入总计9.23亿元 ，占总成交额比13.55%；卖出总计6.56亿元 ，占总成交额比9.63%。 资料显示，中国稀土集团资源科技股份有限公司位于江西省赣州市章贡区章江南大道18号豪德银座A栋 14、15层，成立日期1998年6月17日，上市日期1998年9月11日，公司主营业务涉及稀土冶炼分离及稀土 技术研发及服务。主营业务收入构成为：稀土氧化物63.51%，稀土金属及合金35.95%，其他(补 充)0.35%，技术服务收入0.18%。 中国稀土所属申万行业为：有色金属-小金属-稀土。所属概念板块包括：小金属、稀缺资源、稀土永 磁、国资改革、中盘等。 截至11月10日，中国稀土股东户数25.42万，较上期增加2.14%；人均流通股4174股，较上期减少 2.09%。2025年1月-9月，中国稀土实现营业收入24.94亿元，同比增长27.73%；归母净利润1.92亿元，同 比增长194.67%。 11月13日，中国稀土盘中上涨2.02%，截至10:20，报47.50元/股，成交5.75亿元，换手率1.15%， ...

Investment Rating - The report assigns a "Buy" rating to the company [4][7]. Core Insights - The company's revenue for the first three quarters of 2025 reached 10.456 billion yuan, a year-on-year increase of 26.87%, while the net profit attributable to shareholders was 788 million yuan, up 748.07% year-on-year [2][21]. - The significant performance improvement is attributed to the substantial increase in prices of key rare earth products and the company's effective market strategies [2][21]. - The company has completed the acquisition of Peak Company, enhancing its global resource control in the rare earth sector [3][14]. Summary by Sections 1. Global Resource Layout and Upstream Resource Security - The company has a complete rare earth industry chain and is actively acquiring overseas resources, including a 100% stake in Peak Company, which owns the Ngualla rare earth project in Tanzania, expected to start production in 2026 with an annual output of 18,000 tons of rare earth concentrate [3][14]. - The company is also involved in the zircon-titanium business, with projects in Tanzania and Madagascar, aiming to enhance production capacity [3][19]. 2. Performance Recovery Driven by Price Increases - The company experienced a rebound in performance due to rising prices of rare earth products, with a notable increase in sales volume compared to the previous year [2][21]. - The average price of praseodymium and neodymium oxide reached 541,000 yuan per ton as of November 6, 2025, reflecting a 35.93% increase since the beginning of the year [2][21]. 3. Profit Forecast and Valuation - The company is expected to see continued profit growth, with net profits projected at 840 million yuan, 893 million yuan, and 965 million yuan for 2025, 2026, and 2027, respectively [4][6]. - The estimated earnings per share for the same years are 0.48 yuan, 0.51 yuan, and 0.55 yuan, with corresponding P/E ratios of 46.30, 43.54, and 40.30 [4][6].