HK Stock Market Move | Rare earth concept stocks rise China Rare Earth Resources And Technology (00769) up more than 6% Jl Mag Rare-Earth (06680) up more than 4%

The concept stocks of rare earths rose in the morning session. As of the time of reporting, China Rare Earth Resources And Technology (00769) rose by 6.59% to 0.485 Hong Kong dollars; Jl Mag Rare-Earth (06680) rose by 4.26% to 9.55 Hong Kong dollars. Sinolink pointed out that the rare earth industry can be considered as a model industry for the reform of state-owned enterprises in China. After years of integration, it has formed a state-owned system led by "Beijing Light-Southern Heavy" and Shenghe Resources Holding. With the implementation of the "Management Regulations", the industry believes that it will be directly beneficial for rare earth groups with leading qualifications, technology, and industry status. In addition, as a globally advantageous industry in China, the strategic value of rare earths is expected to further increase against the backdrop of global geopolitical fluctuations, and the industry fundamentals are also in a phase of bottoming out. China Post Securities previously stated that the turmoil in Myanmar has affected exports, leading to an improvement in the supply and demand expectations for rare earths. According to statistics from the General Administration of Customs, Myanmar is an important destination for China's imports of medium and heavy rare earths. From January to September, China imported 39,640 tons of rare earth ores and related products from Myanmar, accounting for approximately 39.54% of the total rare earth imports. According to research on mainstream enterprises in the market, downstream manufacturers typically maintain 1-2 months' worth of rare earth raw material inventory. In addition, with the approaching US elections, the importance of rare earths and other strategic minor metals will increase.