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Express News | China rareearth: Promote the integration and reorganization of rare earth assets inside and outside at the right time.
Express News | Tight supply and demand driving price increases, the rare earth industry has strong momentum for industry chain integration.
Hong Kong stock market anomaly | rare earth metals concept stocks are strong against the trend. China Northern Rare Earth's listing price hike boosts market confidence, with continuous demand growth in multiple industries.
Rare earth metals concept is strong against the trend. As of the time of publication, JL Mag Rare-Earth (06680) rose by 10.54%, reporting 11.12 Hong Kong dollars; China Rareearth (00769) rose by 4.17%, reporting 0.5 Hong Kong dollars. 06680, 00769
[Brokerage Focus] Citic Securities pointed out that the supply and demand pattern of the rare earth industry is expected to see a turning point, and the rare earth permanent magnets sector is expected to continue to rise.
Jingu Finance | CITIC Securities stated that China Northern Rare Earth announced the listing price of light rare earth products in November 2024, with the listing price of praseodymium-neodymium oxide at 0.417 million yuan per ton, an increase of 0.22% month-on-month; the listing price of praseodymium-neodymium metal at 0.516 million yuan per ton, an increase of 0.19% month-on-month, has been continuously rising since August, expected to boost market confidence. With the formal implementation of the rare earth management regulations, the industry is expected to develop in a high-quality and standardized manner. On the supply side, impacted by the situation in Myanmar, the import quantity of ore decreased significantly from January to September 2024, with the annual domestic rare earth mining indicators for 2024 showing a 15.5% year-on-year decline.
Hong Kong stock concept tracking | Myanmar rare earth mining remains stagnant, rare earth industry is expected to rise rapidly in the short term (with concept stocks)
Regarding the future market, tianfeng Securities believes that under the background of optimizing the industrial supply and demand pattern, the center of rare earth prices will be significantly increased. More importantly, it is expected that the sustainability of price increase and the realization of profits will improve, thereby bringing the elasticity of stock prices to rare earth prices is also expected to continue to expand.
China rareearth raw material imports blocked, causing a 30% surge in JL Mag Rare-earth (06680.HK).
Rare earth concept stocks surged today (1st), with the highest price of JL Mag Rare-Earth (06680.HK) reaching 10.86 yuan, up 44%. Currently trading at 9.84 yuan, up 30.5%, with a transaction volume of 77.5729 million shares, involving 0.758 billion yuan. China Rareearth (00769.HK) is currently trading at 0.5 yuan, up 19.05%, with a transaction volume of 0.136 billion shares, involving 69.1442 million yuan. The local media reported that rare earth mining in Myanmar has stalled, coupled with border closures, leading to a blockade of China's rare earth raw material imports. Myanmar accounted for 11% of the world's raw ore production last year. In the first nine months of this year, China imported rare earth materials from Myanmar.
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