CITIC Securities: It is expected that the global supply-demand gap for rare earths will continue to expand from 2026, and the prices of rare earths may remain stable or see progress.

According to research report by CITIC Securities, the strategic position of global rare earth resources continues to rise, and the rare earth industry has entered a new era of high-quality development. On the supply side, quota control combined with regulatory policies may continue to strengthen; on the demand side, emerging sectors such as new energy vehicles, humanoid robots, and low-altitude economy are expected to become core drivers of long-term high-speed demand growth. We predict that the global rare earth supply-demand gap may continue to expand starting in 2026, and rare earth prices may steadily increase, while the profitability of the industry chain may continue to improve. We continue to recommend strategic allocation value in the rare earth industry chain.