CITIC Construction Investment points out that it continues to be optimistic about strategic metal investment opportunities with the following characteristics: strong scarcity of resources+strong supply rigidity and strong vulnerability: strategic metal varieties with high rarity in the earth's crust, relatively low reserves, and experienced excessive mining over many years often have these characteristics, and if the concentration of superimposed resources/supply geographical distribution is high, it will naturally give them “bullish options” brought about by supply fragility. Furthermore, resource concentration often further brings strategic value to resource countries' nationalism and the tendency to “weaponize” strategic resources. Demand benefits from dramatic industrial changes and countries' strategic reserves: strategic metals are necessary to develop new types of productivity and will “dominate the future.” Facing the new wave of global technological revolution, the element demand structure has undergone major changes. Demand for strategic metals will usher in spring, and new productivity such as new energy, new materials, and artificial intelligence will begin a new cycle of strategic metal demand. Furthermore, in the “era of chaos,” the safety of global resource supply is under threat, driving countries and production chains to raise agreed inventories to deal with potential supply disruptions. Among them, metals that can be used in the military industry are a top priority.

CITIC Construction Investment points out that it continues to be optimistic about strategic metal investment opportunities with the following characteristics: strong scarcity of resources+strong supply rigidity and strong vulnerability: strategic metal varieties with high rarity in the earth's crust, relatively low reserves, and experienced excessive mining over many years often have these characteristics, and if the concentration of superimposed resources/supply geographical distribution is high, it will naturally give them “bullish options” brought about by supply fragility. Furthermore, resource concentration often further brings strategic value to resource countries' nationalism and the tendency to “weaponize” strategic resources. Demand benefits from dramatic industrial changes and countries' strategic reserves: strategic metals are necessary to develop new types of productivity and will “dominate the future.” Facing the new wave of global technological revolution, the element demand structure has undergone major changes. Demand for strategic metals will usher in spring, and new productivity such as new energy, new materials, and artificial intelligence will begin a new cycle of strategic metal demand. Furthermore, in the “era of chaos,” the safety of global resource supply is under threat, driving countries and production chains to raise agreed inventories to deal with potential supply disruptions. Among them, metals that can be used in the military industry are a top priority.