On May 9, the National Export Control Coordination Mechanism Office, in collaboration with the Ministry of Commerce and other relevant departments, convened an on-site meeting to launch a special initiative aimed at combating the smuggling and unauthorized export of strategic minerals. The meeting underscored the critical importance of tightening export controls on strategic mineral resources in safeguarding national security and development interests. Amidst the current international political landscape, the strategic significance of these minerals is particularly pronounced, and stringent measures against smuggling and unauthorized export are expected to bolster supply rigidity. A research report by CITIC Securities highlights that prices of strategic metals, including rare earths, tungsten, and antimony, are projected to continue their upward trajectory, potentially leading to a reevaluation of the sector's value. Consequently, the report continually advocates for the allocation value within the strategic metals industry chain.