China Rare Earth Group Co., Ltd. was established in Ganzhou, Jiangxi Province on the 23rd.
As of the afternoon of December 23, the rare earth plate index rose 0.39%. capital flow . As of the noon of December 23, the main non-ferrous metal plate had a net inflow of 970 million, ranking third in all industries.
rare earth industry concentration increased
On December 18, SASAC of the State Council held a meeting of heads of central enterprises. the meeting pointed out that efforts should be made to promote strategic restructuring and professional integration. Including the in-depth implementation of specialized integration of rare earth and coal, and the accelerated implementation of logistics big data platform and marine equipment innovation platform.
On December 23, China Rare Earth Group Co., Ltd. was established in Ganzhou, Jiangxi Province. will focus on the scientific and technological R & D, exploration and development, separation and smelting, intensive processing, downstream application, complete sets of equipment, industrial incubation, technical consulting services, import and export and trade of rare earth, and strive to build a first-class rare earth enterprise group.
Northeast Securities Co.Ltd(000686) it is estimated that according to this year's rare earth mining quota, Minmetals, Chinalco and Ganzhou rare earth account for 68% of the ionic ore mining quota. After the reorganization, a north-south duopoly pattern may be formed, the bargaining power of rare earth will be significantly improved, and the long-term logic of the supply side will be further optimized. after the reorganization of resources, the industry concentration increased again.
in the short term , with tight year-end indicators and downstream pre holiday replenishment, the contradiction between supply and demand supports the high price of rare earth. In the medium and long term, under the background of carbon neutralization, rare earth permanent magnet motor drives the demand for rare earth. The reshaping of demand pattern will drive the industry to usher in a high growth stage. in the long run , rare earth is at the starting point of a new era of supply and demand reconstruction, and the valuation system is reconstructed. With the upward movement of the price center of rare earth, enterprises may continue to realize high profits.
Citic Securities Company Limited(600030) believes that , with the advantages of technology, output and cost, the leading enterprises in the rare earth industry are expected to rapidly expand their production capacity, continuously seize the market share, realize the synchronous growth of revenue and profit, continuously optimize the industrial structure, and further improve the industry concentration.
rare earth permanent magnet material demand space has been opened
Citic Securities Company Limited(600030) believes that with the continuous pull of new energy vehicles, industrial motors, wind power generation, traditional vehicles, variable frequency air conditioning, consumer electronics, rail transit and industry Siasun Robot&Automation Co.Ltd(300024) and the strong support of the "double carbon" policy, it is expected that the global demand for high-performance Nd-Fe-B will reach more than 360000 tons in 2030, the future demand space for rare earth permanent magnet materials has been fully opened.
China International Capital Corporation Limited(601995) believes that , the demand for rare earth high-performance magnetic materials will reach 198000 tons in 2023, and the annual growth rate from 2021 to 2023 will reach 37%. With the strong pull of downstream demand such as new energy, wind power and industrial motor, the mismatch between supply and demand may continue, the rare earth price may run high in December .
At present, China is one of the most important rare earth suppliers in the world, and the mining, smelting and separation of rare earth mines in China are controlled by the total amount index; Overseas, although there are potential increments in many countries, it is difficult to increase significantly in the short term due to the impact of resources, environmental protection and other factors and the superposition of epidemic restrictions.
According to the data of the General Administration of customs, the export of rare earth in November was 4859 tons, a year-on-year increase of 86.1%, and the overseas demand recovered. On December 20, Chang Guowu, deputy director of the Department of raw materials industry of the Ministry of industry and information technology, said at the 13th rare earth industry forum that rare earth exploration rights and mining rights will be invested in an appropriate and orderly manner, and the management of Rare Earth total amount control indicators will be further improved. The state's strong control over rare earth supply will continue, and the supply and demand of rare earth may maintain a tight balance for a long time in the future.
According to Citic Securities Company Limited(600030) , in 2020, China's total output of rare earth permanent magnet materials accounted for more than 90% of the world, reaching 196000 tons, including 186000 tons of sintered Nd-Fe-B magnets, accounting for 94.5%. According to frost Sullivan's prediction, the output of rare earth permanent magnet materials in China and the world will reach 284000 tons and 310000 tons respectively in 2025. China still ranks first in the global output. The overseas rare earth permanent magnet capacity increment is limited and the demand increases, but the future supply increment is mainly in China.
Rare earth industry investment logic
Citic Securities Company Limited(600030) believes that the rare earth price may make steady progress in 2022, the profits of companies related to the rare earth industry chain are expected to grow continuously for a long time, and the strategic value of rare earth resources is revalued.
China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) (600111. SH): the company is the largest rare earth production, scientific research and trade base in China and even the world. It is a leading enterprise in the rare earth industry.
Xiamen Tungsten Co.Ltd(600549) (600549. SH): the company is one of the rare earth groups.
Rising Nonferrous Metals Share Co.Ltd(600259) (600259. SH): the company is a large state-controlled listed company mainly engaged in rare earth and tungsten industry, developing rare and precious metals, and integrating non-ferrous metal investment, mining, smelting, application, scientific research, trade and storage.
Inner Mongolia Baotou Steel Union Co.Ltd(600010) (600010. SH): the company is an important iron and steel industrial base in China, the world's largest rare earth industrial base and an industrial leading enterprise in Inner Mongolia Autonomous Region.
focus on the permanent magnet sector : benefiting from the rapid development of new energy vehicles and electronic industry, rare earth permanent magnet materials (neodymium iron boron) account for 35% of the global rare earth consumption, corresponding to 91% of the consumption value. It is the application field with the highest proportion of rare earth consumption and consumption value, and has broad application prospects in the future.
related subject matter:
Ningbo Yunsheng Co.Ltd(600366) (600366. SH): the company specializes in the R & D, manufacturing and sales of rare earth permanent magnet materials.
Yantai Zhenghai Magnetic Material Co.Ltd(300224) (300224. SZ): the company is the main supplier of high-performance NdFeB permanent magnet materials in the field of Shanxi Guoxin Energy Corporation Limited(600617) and energy conservation and environmental protection.
(21st Century Business Herald)
