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Citi Initiates Coverage on CNREHT w/ Rating Buy; Rare Earth Sector in Early to Mid-Stage of Upward Cycle
2025-10-13 12:20:16
The rare earth industry has become a key sector supporting global energy transition, advanced manufacturing, and defense strategies, Citi opined in its report.

From the broker's perspective, the industry is in the early to mid-stage of an upward cycle, primarily benefiting from China's controlled supply management, ongoing favorable policies, and strategic position in energy transition, despite uneven downstream demand.

Citi has initiated coverage on CNREHT (600111.SH)/ CHINA RARE EARTH (000831.SZ) with a Buy/ Neutral rating and a target price of RMB72/ RMB61.6.
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