Galaxy securities: rare earth prices are expected to move up steadily from the bottom

Galaxy Securities February 19 research report said, assuming that the second batch of domestic rare earth mining in 2024, smelting and separation of the total control indicators and the first batch of the same, and no longer special issued the third batch of indicators, the 2024 annual domestic rare earth mining total of 270,000 tons, year-on-year growth of only 5.9% over the year 2023, the growth rate of 15.5 percentage points lower than in 2023, the domestic rare earth mining.      Significant slowdown in the incremental supply of domestic rare earth mines, will make the structure of supply and demand for rare earths significantly improve, and integration into a double giant and stand rare earth industry pattern further optimization, rare earth prices are expected to rise steadily from the bottom, rare earth enterprise profitability will be significantly improved.