Dongguan Securities Research Report pointed out that rare earth is a key element of multiple functional materials in the high-tech field. The formal implementation of the "Rare Earth Management Regulations" shows that the country is full of confidence in the high-quality development of the rare earth industry. In summary, under the continuous standardized regulation of the country, the development environment of the rare earth industry continues to improve, the industry integration process accelerates, and the product bargaining power is expected to improve. Currently, it is necessary to focus on the distribution of the second batch of rare earth indicators this year, as well as the recovery of downstream market demand. It is suggested to pay attention to the relevant companies that benefit from the integration of the rare earth industry and the accelerated layout of new energy autos and robot business: China Rare Earth, Northern Rare Earth, JL MAG Rare-Earth, and so on.