HK Stock Market Move | JL Mag Rare-Earth (06680) gains over 4%, two major rare earth giants announce price increase, institutions bullish on sector rebound.

Jl Mag Rare-Earth (06680) surged over 4%, as of the time of publication, up 4.27% to HKD 22, with a turnover of HKD 332 million. On the news front, after the market closed on January 9, China Northern Rare Earth and Inner Mongolia BaoTou Steel Union announced that they plan to adjust the related transaction price of rare earth concentrate for the first quarter of 2026 to tax-excluded RMB 26,834 per ton (dry weight, REO=50%), up 2.4% month-on-month. For every 1% increase or decrease in REO (rare earth oxide), the tax-excluded price will increase or decrease by RMB 536.68 per ton. Since the third quarter of 2024, the transaction price of rare earth concentrate has been raised continuously for 6 times. In addition, Jl Mag Rare-Earth recently announced that the group expects to achieve a net profit attributable to shareholders of the listed company of RMB 660 million to RMB 760 million for the year ending December 31, 2025, a year-on-year increase of 127%-161%. Xiangcai Securities pointed out that strengthened export controls on rare earths will further support short-term price strength, and the sector is expected to continue to rebound.