中证智能财讯有研新材（600206）10月10日晚间披露业绩预告，预计2025年前三季度归母净利润2.3亿元至2.6亿元，同比增长101%-127%；扣非净利润预计 1.55亿元至1.7亿元，同比增长62%-78%。以10月10日收盘价计算，有研新材目前市盈率（TTM）约为63.51倍-70.75倍，市净率（LF）约4.7倍，市销率 （TTM）约2.14倍。 以本次披露业绩预告均值计算，公司近年市盈率（TTM）图如下所示： 近年来市盈率变化情况（倍） 300 @50 200 150 120.65 100 70.06 68.75 54x29 50 58.2 37x88 0 2020-06-30 ' 2020-12-37 2021-06-30 <- 12-37 2021-12-3- 5-12-37 2n- -○- 公司 -○- 行业均值 100 ହ 90 80 70 63a87 60 50 40 30 26.3 23x62 22d4 20 17016 10 4.88 0 2027-12-37 1 -06-30 ' 2021-06-30 2-06-30 -12-37 <- 12-37 . 1-12-37 2n- ← ...

中国商务部两份公告，瞬间引爆全球高科技和军工产业链。2025年9月，安永、麦肯锡、英国金融时报 等多家权威机构罕见发出相同警告：全球稀土资源流向将迎来历史性大洗牌，国际供应链或将经历"断 层级"冲击。半导体、人工智能、军工、电动汽车等行业的高管，正经历一场前所未有的心理"地震"。 全球高科技产业链的命门 稀土之争，远非单一的资源之争，更是产业链、技术链、价值链的多重对抗。稀土元素在全球范围内的 应用覆盖了电动汽车马达、风电发电机、高性能磁材、智能手机、精密制导武器、雷达系统等数十个关 键领域。表面上看，稀土原料在全球并非独一无二；但真正决定产业高地的，却是稀土分离、冶炼、深 加工，以及衍生技术的掌控权。 权威数据显示，2025年全球稀土产业链的技术壁垒已达历史新高。美国、日本、欧盟虽然自诩"技术储 备雄厚"，但在稀土分离、精炼和磁材制造等环节，仍然无法摆脱对中国的高度依赖。国际能源署 （IEA）和世界银行的最新分析指出，稀土产业的"卡脖子"环节，在全球供应链重构的进程中，地缘政 治风险大幅上升。美国一度高调宣布"突破稀土提纯技术"，可现实是多家企业试图商业化量产时，依然 面临成本高企、环境管控难题、产品一致性 ...

内容提要： 文章质疑民众对美国稀土精炼技术的误判，通过土耳其转向美合作开发贝利科娃稀土矿、巴基斯坦5亿美元稀土交易及MP Materials停止 稀土对华出口等事件，论证美国正加速"再工业化"稀土供应链。历史回顾显示，美国曾占全球50%市场，现借助G7+四方机制，挑战中 国稀土金属垄断。未来，中国稀土市场份额恐下滑，企业面临产能闲置。 稀土精炼产品出口限制，是中国目前对抗美国非关税贸易措施的主要工具。在大多数国人眼中，美国虽然有稀土矿，但美国没有稀土精 炼技术，没有稀土产业链，美国开采出来的稀土矿都需要送到中国精炼加工提纯。一旦中国对稀土精炼产品实施出口管制，美国的很多 企业，从汽车到芯片，从飞机到军工，都会面临灭顶之灾。美国再有钱，也发展不起稀土产业链，因为稀土精炼技术都是中国的专利。 国人的这些认知，真真假假，虚虚实实。美国真的缺乏稀土精炼技术吗？美国真的缺乏重稀土的精炼能力吗？美国的稀土国产化，失败 了吗？美国的稀土产业链，真的无路可走到了死胡同吗？ 相信大家看完以下三则消息，不管你懂不懂稀土技术，能不能查询到稀土精炼的专利在中美欧的分布情况，仅仅从逻辑的角度，你就能 判断美国稀土供应链是否失败了？是否 ...

10月4日俄罗斯报刊文。 中国正试图将大型区域性稀土矿藏纳入自己的掌控范围。 作为全球最大的稀土金属开采和加工国，中国正努力为未来开发这些矿藏。 在这一领域，马来西亚是中国关注的焦点之一。 该公司还运营着位于马来西亚彭亨州的一家加工厂。 一旦马来西亚与中国达成协议生效，澳大利亚公司将至少面临市场份额的挤压。 但中方愿为马来西亚破例，以技术换资源——通过向该国政府提供稀土加工技术，换取在马本土矿场的稀土开采权。 双方计划共同开发东南亚地区已探明的最大稀土矿之一。 马来西亚当局对中方的这一提议表示出兴趣。 目前计划由马来西亚主权财富基金"国库控股"和中国一家矿产资源领域的国有企业共同开发。 此处的微妙之处在于，澳大利亚掌控着马来西亚的稀土资源。 例如，澳大利亚莱纳斯稀土公司影响力巨大，其公司名称已表明它专注于稀土领域。 目前，北京与吉隆坡正就稀土资源联合加工事宜进行谈判。 中国此前已全面禁止稀土原料及加工技术出口。 鉴于此，澳方开始向吉隆坡施压，包括通过代理人施加影响。 已有部分马来西亚政界人士对中方稀土开采活动可能引发的环境污染表示担忧。 逻辑很有趣：如果澳大利亚在马来西亚境内进行开采和加工，就不会对环境造成负 ...

Group 1 - Russia is actively exploring cooperation with China to develop its rare earth mineral deposits, emphasizing China's advanced extraction technology as a key asset [1][3] - President Putin has called for the approval of a rare earth industrial development strategy by November, highlighting Russia's rich rare earth reserves but acknowledging the need for foreign investment and technology [3][6] - Russia is considering various cooperation models with China, including joint ventures and technology transfers, while also seeking to engage the United States in rare earth projects [3][5] Group 2 - The chairman of the Russian Rare Earth Metals Producers and Consumers Association expressed willingness to supply rare earth metals to the U.S., indicating ongoing discussions between the two nations [5][6] - The U.S. is eager to find alternative supply channels for rare earths due to China's tightened export controls, with China holding a 90% market share in high-purity rare earth refining [6][8] - Russia's strategy of engaging both China and the U.S. aims to weaken China's dominance in the global rare earth market while fulfilling U.S. demand [6][8] Group 3 - The geopolitical dynamics surrounding rare earth resources are shifting, with Russia's dual approach potentially altering the global market landscape [10]

Core Viewpoint - The news highlights the performance and financial metrics of China Rare Earth Group, indicating a positive growth trajectory in revenue and profit, alongside a stable market presence in the rare earth industry. Company Overview - China Rare Earth Group primarily engages in the production and operation of rare earth oxides and related products, as well as technology research and consulting services [2][8] - The company is controlled by the State-owned Assets Supervision and Administration Commission of the State Council, categorizing it as a state-owned enterprise [3][4] Financial Performance - For the period from January to June 2025, China Rare Earth achieved a revenue of 1.875 billion yuan, reflecting a year-on-year growth of 62.38%, and a net profit attributable to shareholders of 162 million yuan, marking a 166.16% increase [8] - The company has distributed a total of 346 million yuan in dividends since its A-share listing, with 124 million yuan distributed over the past three years [9] Market Activity - On September 22, the rare earth sector saw a slight increase of 0.02%, with a trading volume of 2.036 billion yuan and a turnover rate of 3.76%, leading to a total market capitalization of 54.43 billion yuan [1] - The main capital inflow for the day was negative at 88.42 million yuan, indicating a trend of capital reduction over the past three days [5][6] Technical Analysis - The average trading cost of the stock is 53.41 yuan, with recent reductions in holdings slowing down; the current stock price is near a resistance level of 51.78 yuan, suggesting potential for upward movement if this level is surpassed [7]

Group 1 - The core point of the article is that Youyan New Materials (SH 600206) held a temporary board meeting on September 19, 2025, to discuss a proposal regarding equity investment in Rongcheng Rare Earth by Youyan Rare Earth and Zhukou Group [1] - For the fiscal year 2024, Youyan New Materials' revenue composition is as follows: electronic new materials account for 74.79%, rare earth metal smelting accounts for 23.86%, medical device materials account for 0.87%, and other businesses account for 0.47% [1] - As of the report date, Youyan New Materials has a market capitalization of 17.8 billion yuan [1]

Core Viewpoint - In August, China's rare earth exports decreased by 3.4% in volume but increased by 51% in value compared to July, indicating a trend of "reduced quantity and increased price" in the rare earth market [2]. Group 1: Market Dynamics - The tightening of export quotas and targeted controls on medium and heavy rare earths, along with the scarcity of foreign rare earth resources, have contributed to the "reduced quantity and increased price" phenomenon [2][9]. - The rare earth sector is experiencing accelerated consolidation, with companies like Shenghe Resources and Guangsheng Nonferrous Metals actively engaging in mergers and acquisitions to enhance their market positions [2][9]. Group 2: Company Developments - Shenghe Resources announced an increase in the acquisition price for Peak Resources from approximately 743 million yuan to about 917 million yuan, reflecting a 23% increase due to significant changes in the rare earth market [3][4]. - The Ngualla rare earth project, owned by Peak Resources, is noted for its substantial reserves of 18.5 million tons and is expected to be one of the largest and lowest-cost rare earth deposits globally [4]. Group 3: Financial Performance - Shenghe Resources reported a 650.09% year-on-year increase in net profit for the first half of the year, amounting to 377 million yuan, driven by rising rare earth prices [7]. - The company plans to distribute a cash dividend of 0.50 yuan per share, totaling approximately 87.64 million yuan, which is 23.25% of its net profit for the same period [7]. Group 4: Industry Outlook - The rare earth industry is expected to maintain a relatively high level of prosperity due to ongoing regulatory support for supply-side order and the gradual opening of demand in downstream industries [9]. - Analysts predict that the main rare earth products will show a stable to strong trend in the second half of the year, despite potential production cuts among some separation enterprises [10].

前海开源沪港深核心资源混合A（003304）成立日期2016年10月17日，最新规模2.89亿。今年以来收益 73.19%，同类排名231/8174；近一年收益105.11%，同类排名400/7982；成立以来收益390.06%。 前海开源沪港深核心资源混合A（003304）基金经理为吴国清。 截至发稿，吴国清累计任职时间9年360天，现任基金资产总规模53.33亿元，任职期间最佳基金回报 395.09%， 任职期间最差基金回报-27.1%。 9月16日，盛和资源跌5.01%，截至发稿，报21.60元/股，成交14.22亿元，换手率3.69%，总市值378.61 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高新区盛和一路66号城南天府7楼，成立日期 1998年7月1日，上市日期2003年5月29日，公司主营业务涉及稀土冶炼分离与深加工及稀土贸易业务。 锆钛选矿及加工业务。主营业务收入构成为：稀土金属53.87%，稀土氧化物29.23%，稀土精7.00%，其 他3.83%，锆英砂3.45%，钛精矿1.10%，其他(补充)0.60%，稀土盐类0.53%，金红石0.39%。 从基金十大重仓股角度 数据 ...

近日，国际能源与资源市场风云再起。美国总统特朗普率先发声，表示正考虑启动针对俄罗斯的第二阶段经济制裁。随后，美国财政部长贝森特进一步强化 了这一立场，明确表示将与欧洲盟友联手，对任何继续进口俄罗斯石油的国家加征二级关税，这一举措直指俄罗斯经济命脉。从经济规模来看，由27个成员 国组成的欧盟加上美国，其庞大的市场体量确实令任何贸易伙伴都不敢轻视。在这场博弈中，中国和印度作为俄罗斯石油的主要进口国，其能源采购策略直 接影响着国际能源市场的稳定。面对压力，两国并未表现出任何退让迹象，依然保持着稳定的采购节奏，展现出坚定的立场。 9月9日，在东方经济论坛上，俄罗斯负责稀土金属事务的高级官员迪穆哈梅多夫发表重要声明。他表示俄罗斯愿意与美国在稀土金属领域展开互利贸易，前 提是美国解除对俄罗斯基于稀土的高科技产品出口限制。这番表态实际上是为双方合作设定了明确条件。俄罗斯自然资源部公布的数据显示，该国拥有15种 稀土金属，总储量高达2870万吨，其中已开发或准备开发的储量达380万吨。这一表态立即引发国际社会广泛关注，各方都在评估美俄若达成协议可能带来 的影响。 国际舆论对此反应不一。有人认为这是俄罗斯在西方制裁压力下的妥协 ...