中信建投:當前稀土板塊攻守兼備,建議積極關注
中信建投研報表示,近日兩部委發佈對釤、釓、鋱、鏑、鑥、鈧、釔等7類中重稀土相關物項實施出口管制措施的公吿,下游在出口管制政策和終端需求釋放的雙重驅動下表現強勁,採購活躍度提升,推動價格小幅上揚。特朗普關税政策激進,中國具備全球約70%稀土礦、約90%稀土冶煉分離和約90%稀土磁材產能,產業鏈完備、自主可控能力強,政策端出台生產、出口的雙重管制,對美關税政策具備較強反制能力。需求端,稀土磁材是高性能、節能電機必備材料,人形機器人單台用稀土永磁超2kg,不亞於一輛新能源汽車用量,馬斯克預計未來人形機器人需求將達到百億台級別,對稀土磁材用量將遠超新能源汽車需求,遠景空間非常廣闊。當前稀土板塊攻守兼備,建議積極關注。
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