CITIC Securities: Opening of Rare Earth Regulation Marks Historic Opportunity Period for China's High-End Ceramics

CITIC Securities research report pointed out that China's strengthening of rare earth export controls has led to shortages and significant price increases of rare earth oxides overseas. As the production of advanced ceramics cannot be separated from rare earth oxides, we believe that Japanese and American manufacturers who have dominated the high-end ceramic market in the past are facing risks of rising raw material prices or even supply disruptions. We believe that the continued unfolding of this situation is conducive to Chinese high-end ceramic manufacturers accelerating their market share acquisition overseas and ushering in a historical opportunity period. It is recommended to pay attention to other high-end ceramic manufacturers with export capabilities.