The rare earth concept is rising today. As of press release, Jinli Permanent Magnet (06680) rose 4.07% to HK$10.24; China's rare earths (00769) rose 4.17% to HK$0.375; and Rare Magnesium Technology (00601) rose 1.18% to HK$0.086.
The Zhitong Finance app learned that the rare earth concept is rising today. As of press release, Jinli Permanent Magnet (06680) rose 4.07% to HK$10.24; China's rare earths (00769) rose 4.17% to HK$0.375; and Rare Magnesium Technology (00601) rose 1.18% to HK$0.086.
According to the news, on November 3, the National Standing Committee stated that rare earths are strategic mineral resources. It is necessary to coordinate exploration, development, utilization and standardized management of rare earth resources, coordinate industry, education, research and use, etc., actively promote research and development and application of next-generation green and efficient mining and metallurgy technology, increase research and industrialization of new high-end rare earth materials, severely crack down on illegal mining, ecological damage, etc., and focus on promoting the high-end, intelligent and green development of the rare earth industry.
Ping An Securities said that during the peak terminal season, demand recovery at an accelerated pace, centralized supply management, and limited growth, the value center of the rare earth industry is expected to rise. It is recommended to focus on leading companies with quotas for rare earth raw materials. Guojin Securities pointed out that rare earth prices have stabilized, and performance has improved month-on-month. The revenue of the Q3 rare earth sector was +4% month-on-month, and net profit was +57% month-on-month; the second batch of rare earth indicators has been released. As demand improves, subsequent rare earth prices are expected to fluctuate, and the development of emerging fields such as downstream industrial motors and humanoid robots is expected to drive continued growth in demand for NdFeB.