HK Stock Market Move | JL Mag Rare-Earth (06680) rose by over 4% in the afternoon, with a potential maximum annual profit growth of 1.6 times according to institutions, short-term rare earth prices are expected to rise.

Jl Mag Rare-Earth (06680) rose more than 4% in the afternoon, rising by 4.56% to 22.48 Hong Kong dollars at the time of writing, with a turnover of 208 million Hong Kong dollars. In terms of news, Jl Mag Rare-Earth previously released a profit statement, forecasting a net profit attributable to the parent company of 6.6 billion to 7.6 billion yuan in 2025, an increase of 127% to 161% compared to the same period last year. The announcement stated that the company's products are widely used in new energy vehicles and automotive components, energy-saving variable frequency air-conditioning, wind power generation, Siasun Robot&Automation and industrial servo motors, 3C, low-altitude aircraft, energy-saving elevators, and other fields, and has established long-term stable cooperation relationships with leading companies in various fields at home and abroad; the company's Siasun Robot&Automation motor rotor and magnetic materials products, and low-altitude aircraft products have been delivered in small batches. It is worth noting that the Ministry of Commerce recently announced strengthened export controls on dual-use items to Japan. With the tightening of export controls, the strategic importance of rare earths is once again highlighted. Bohai Securities released a research report stating that Inner Mongolia BaoTou Steel Union and China Northern Rare Earth announced an increase in rare earth concentrate prices in the first quarter, combined with the catalyzing news of China's export controls on Japan, short-term rare earth prices are expected to strengthen.