HK Stock Market Move | Rising over 9%, Jl Mag Rare-Earth (06680) continues to climb. The price of rare earths is continuously increasing. Institutions predict that the sector will evolve with both valuation and performance doubling.

Jl Mag Rare-Earth (06680) rose over 9%, as of the time of writing, it rose by 9.06% to HK$23.36, with a turnover of HK$157 million. On the news front, according to the Baotou Rare Earth Products Exchange, on February 10, the prices of mainstream rare earth products showed an overall upward trend. The average price of PrNd oxide was 85,020 yuan/ton, an increase of 5,140 yuan/ton; the average price of PrNd metal was 101,600 yuan/ton, an increase of 3,970 yuan/ton; the average price of Dy oxide was 141,220 yuan/ton, an increase of 1,140 yuan/ton; the average price of Tb oxide was 623,430 yuan/ton, an increase of 2,000 yuan/ton. Guotou Securities recently pointed out that rare earths have been rising since January. It is expected that the white list and quota indicators will rigidly control the supply for the next 26 years, and that both domestic and international demand will continue to grow steadily. A new round of restocking cycle may be initiated, and the central prices of rare earths in the 26-year cycle are expected to rise. The rare earth market is less affected by macroeconomic sentiment, and the focus will be on sector allocation opportunities in the future. Sinolink believes that the rare earth sector will continue to evolve with both valuation and performance increasing, and that 2026 will be a key year for solving industry competition in the sector.