Cathay Pacific Haitong Securities reviewed the rare earth sector market from 2020 to 2021. It believes that the rise in rare earth sector stock prices is roughly divided into three stages: confirmation of the bottom of commodity prices and restoration of forward valuations. Excess profits were absorbed in valuation, and industry leader Hakuba grew with orders. The boom has exploded, price increases have accelerated, and the sector has generally risen. It is currently in the second phase of the sector market, waiting for internal and external price increases to resonate. Since rare earth commodity prices have not increased much since February 2025, the overall sector is slowly rising. However, as subsequent demand for overseas inventory replenishment is compounded by the arrival of the peak season for domestic new energy vehicles, rare earth prices are expected to continue to rise, driving the sector to the third phase. As the rare earth price center rises, domestic rare earth magnetic materials companies are expected to experience a double hit in performance and valuation, and leading companies in the resource and magnetic materials sector.

Cathay Pacific Haitong Securities reviewed the rare earth sector market from 2020 to 2021. It believes that the rise in rare earth sector stock prices is roughly divided into three stages: confirmation of the bottom of commodity prices and restoration of forward valuations. Excess profits were absorbed in valuation, and industry leader Hakuba grew with orders. The boom has exploded, price increases have accelerated, and the sector has generally risen. It is currently in the second phase of the sector market, waiting for internal and external price increases to resonate. Since rare earth commodity prices have not increased much since February 2025, the overall sector is slowly rising. However, as subsequent demand for overseas inventory replenishment is compounded by the arrival of the peak season for domestic new energy vehicles, rare earth prices are expected to continue to rise, driving the sector to the third phase. As the rare earth price center rises, domestic rare earth magnetic materials companies are expected to experience a double hit in performance and valuation, and leading companies in the resource and magnetic materials sector.