With the official implementation of the "Regulations on the Administration of Rare Earths," the rare earth industry is steering towards high-quality and standardized growth. Downstream demand in sectors like new energy vehicles and consumer electronics persists in expanding, and the accelerated commercialization of humanoid robots further augments the demand for rare earth permanent magnets. Concurrently, exports are gradually recovering, and the traditional peak demand season is approaching, heralding a steady increase in rare earth prices. CITIC Securities forecasts that the performance of the rare earth industry chain will incrementally improve in Q3 and Q4, and advises investors to focus on the strategic investment value of the rare earth industry chain.