CITIC Securities: Three logical drivers may lead to the continued benefit of related strategic metal commodity prices.

CITIC Securities released a strategic metals industry investment strategy report for 2027, indicating that the price centers of strategic metals such as molybdenum, tin, and tungsten continue to rise. Military metals, computing power metals, and strategic metals correspond to the three major drivers of national defense security, AI computing power, and supply chain sovereignty. Related strategic metal commodity prices are expected to continue to benefit.