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【券商聚焦】中信证券指稀土行业供需格局有望迎来拐点 稀土永磁板块有望持续上行

[Brokerage Focus] Citic Securities pointed out that the supply and demand pattern of the rare earth industry is expected to see a turning point, and the rare earth permanent magnets sector is expected to continue to rise.

Jingu Wealth News ·  Nov 4 19:47

Jinwu Financial News | CITIC Securities said that Northern Rare Earths announced the listing price of light rare earth products in November 2024. The listing price of praseodymium oxide was 0.417 million yuan/ton, up 0.22% month-on-month; the listed price of praseodymium metal was 0.516 million yuan/ton, up 0.19% month-on-month, and continued to rise since August, which is expected to boost market confidence. Currently, rare earth management regulations have been officially implemented, and the industry is expected to develop in a high-quality and standardized manner. On the supply side, due to disturbances in Myanmar, the number of imported mines declined sharply from January to September 2024, and the growth rate of domestic rare earth mining indicators fell 15.5 pcts year-on-year in 2024; on the demand side, as we enter the peak demand season in the fourth quarter, demand for new energy vehicles, consumer electronics, inverter air conditioning, wind power, etc. is expected to continue to rise, and demand in emerging fields such as robots, low-altitude economy, and industrial motors may gradually grow. The rare earth permanent magnet sector is expected to continue to rise, and strategic allocation values for the rare earth industry chain will continue to be recommended.

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