今日截至13:30，中证稀土产业指数涨超4%。 中报业绩方面：2025年中报披露季，稀土产业龙头业绩改善如期兑现。北方稀土8月26日晚间发布公 告，公司上半年实现营业收入188.66亿元，同比增长45.24%；归属于上市公司股东的净利润9.31亿元， 同比大幅增长1951.52%；稀土永磁板块龙头金力永磁上半年归属于上市公司股东的净利润4.33亿元，同 比大幅增长154.81%；宁波韵升上半年归属于上市公司股东的净利润1.85亿元，同比大幅增长179.83%。 产业趋势：金九银十消费旺季补库需求上扬，下游补库预期下，中期维度上稀土价格支撑因素巩固。长 期看，稀土全产业链纳入管控，产能整合供给收紧，军工、机器人等产业发展带动需求释放，供需两端 共振向好；海外端，高冶炼成本支撑价差，美国收购底价拉高价格基数，提振涨价预期，稀土产业估 值、盈利共振扩张的双击机遇值得关注。 投资方法：稀土ETF易方达（159715）聚焦国家战略资源，布局全球优势产业链，管理+托管费率 0.15%+0.05%/年，显著低于挂钩中证稀土产业指数的同类产品，可以作为把握稀土产业行情机会的优 质工具！ ...

2025年8月18日，市场全天震荡拉升，三大指数集体收涨，上证指数突破3740点。截至收盘，沪指涨 0.85%，深成指涨1.73%，创业板指涨2.84%。 题材方面，消费电子、小金属、玻璃光纤等板块涨幅居前，煤炭行业、贵金属、化肥行业等板块跌幅居 前。主力资金上，通信设备、电子元件、消费电子等行业概念流入居前。 ETF方面，或受相关消息刺激，稀土、人工智能、影视等相关ETF今日表现亮眼！ 中信证券表示，2025年下半年稀土市场供需关系持续优化，价格或进入"震荡上行"通道。供给端，国内 稀土开采总量控制指标增速放缓，叠加海外缅甸矿进口因环保政策收缩，整体供给弹性不足；需求端， 新能源、工业机器人及风电等新兴领域需求韧性强劲，机构测算2025年全球稀土永磁材料需求增速仍维 持在12%-15%。 中国银河表示，国内下游多家大厂密集招标，叠加我国加强稀土磁材出口管制后海外增加磁材订单以补 库存，国内永磁行业需求旺盛，部分磁材企业排产已延至十月中旬。我国进一步加严对稀土供应端的管 控，下游需求端的景气，推动稀土价格持续上涨。稀土磁材在上半年的业绩反转后，2025Q3有望在量 价齐升的推动下进一步释放业绩。 相关ETF： ...

Core Viewpoint - The rare earth ETF E Fund (159715) has seen a strong increase of nearly 3%, with institutions suggesting that the rare earth sector is likely to experience both performance and valuation increases in the near future [1][2]. Group 1: Market Performance - As of March 26, 2025, the E Fund rare earth ETF recorded a trading volume of 8.2489 million yuan and a turnover rate of 4.13% [1]. - The price of light rare earth oxide praseodymium-neodymium reached 444,500 yuan per ton, while heavy rare earth oxide dysprosium decreased by 1.6% to 1,677,200 yuan per ton [2]. Group 2: Supply and Demand Dynamics - The upcoming issuance of the first batch of quotas for 2025 is anticipated, with a low growth rate expected for quotas due to a downward trend in rare earth prices in 2024 [1]. - The demand for rare earths is expected to be driven by sectors such as humanoid robots and the low-altitude economy, which may create new demand in the rare earth field [1]. - The supply situation is tightening due to import controls on rare earth ores and limited sources from separation plants, leading to a tense spot market [2]. Group 3: Strategic Opportunities - The rare earth sector is viewed as a strategic opportunity, with the current market conditions reflecting a combination of fundamental and emotional factors driving upward momentum [2]. - The overall attention on the rare earth sector is expected to increase significantly, especially in the context of China's pricing power and its leading position in the global market amid rising globalization challenges [1].