HK Stock Market Move | Rare earth concept rises in early trading, overseas rare earth metal prices surge, and China's rare earth industry chain has obvious advantages.

Concept stocks of rare earth rose in the morning session, as of press time, China Rare Earth Resources And Technology (00769) rose by 5.56% to HK$0.76; Jl Mag Rare-Earth (06680) rose by 3.36% to HK$19.08. On the news front, in the past two months, overseas rare earth metal prices have continued to rise, with prices of some varieties such as dysprosium and terbium rising by over 200%. China Securities Co., Ltd. predicts that with the issuance of export permits, domestic rare earth prices will converge towards high overseas prices, and the price gap is expected to narrow. Domestic rare earth companies have relatively stable costs, and price increases will directly increase profit margins. Dongguan Securities believes that China's rare earth industry has an absolute advantage, with production scale and smelting technology leading globally, making it difficult for overseas countries to find alternatives in the short term. In the future, the rare earth industry will continue to play an important role in resource competition. Pacific Securities stated that rare earth permanent magnets are widely used in areas such as automobiles, energy-efficient motors, aerospace, etc. In recent years, with the rapid growth in sales of new energy vehicles, it has become an important growth point for rare earth permanent magnets. In the future, with the emergence of new industries such as humanoid Siasun Robot & Automation and low altitude, as well as the introduction of more energy-efficient and intelligent products, the demand for rare earth permanent magnets will continue to grow at a high speed for a long time. China Rare Earth Resources And Technology leads in permanent magnet technology globally, with the largest production capacity and output in the world, and its exports hold an important position in the global industry chain.