FT商学院

Rare earth miners are set to come back down to earth
稀土矿商的价值能永远上涨吗?

Higher prices will allow producers to increase capacity outside China but there is a definite whiff of euphoria
更高的价格将使生产商能在manbetx3.0 以外扩大产能,但市场上确实弥漫着明显的亢奋情绪。

What alchemy lies behind producers of rare earth elements? The thimble-sized universe of listed companies — dominated by MP Materials and Lynas — has gained about $17bn in market value this year to reach $24bn. That’s pretty impressive given they operate in a market with an annual turnover of $6.5bn, according to Goldman Sachs, and which is dominated by Chinese players. 

稀土元素生产商背后藏着怎样的“炼金术”?这个如顶针般小的上市公司世界——由MP Materials和莱纳斯(Lynas)主导——今年市值累计增加约170亿美元,至240亿美元。考虑到据高盛(Goldman Sachs)称,他们所在的市场年成交额仅约65亿美元,且由manbetx3.0 企业主导,这样的表现已相当亮眼。

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