HK Stock Market Move | Jl Mag Rare-Earth (06680) rose by over 7% recently as rare-earth prices stabilized and rebounded. Institutions are optimistic about the sector's valuation and performance doubling.

Jl Mag Rare-Earth (06680) surged over 7%, rising by 7.68% to 20.74 Hong Kong dollars, with a turnover of 66.184 million Hong Kong dollars as of the time of writing. In terms of news, in recent days, rare earth prices have stabilized and rebounded, with the price of praseodymium-neodymium oxide rising above 750,000 yuan/ton. Following some manufacturers openly expressing bearish views, downstream procurement enthusiasm has significantly increased recently, with the market expecting major manufacturers' inventories to drop to within one month, which may provide significant support to prices. Guotou Securities believes that in early April, Baosteel is expected to raise the price of rare earth concentrates. The energy crisis may catalyze demand surpassing expectations from both domestic and overseas markets, with a new round of stockpiling potentially starting in the second quarter, making the outlook optimistic for a rise in rare earth prices in 2026. Sinolink notes that from the beginning of the year until now, the price centralization has continuously increased. The bank believes that this may be largely due to the relevance of the supply-side documents released in 2024-2025, with continued progress in industry supply-side reforms. A year-on-year decrease of -1% in exports for the whole of 2025, with a significant increase in exports from early 2026 onwards, indicates that there is still significant demand for stockpiling overseas. The rare earth sector will continue to evolve with double increases in valuation and performance, with 2026 being a key year for solving industry competition issues.