HK Stock Market Move | JL Mag Rare-Earth (06680) rose more than 5% in the morning, with the company's export business remaining stable. Export sales revenue in the first quarter was 3.81 billion yuan.

Jl Mag Rare-Earth (06680) rose more than 5% in the morning, up 4.02% as of the time of writing, at 21.2 Hong Kong dollars, with a turnover of 153 million Hong Kong dollars. On the news front, Jl Mag Rare-Earth recently released an investor relations activity record, stating that after the introduction of export control measures for medium and heavy rare earth-related items, the company has been carrying out export declaration work in accordance with relevant national regulations and has gradually obtained export licenses issued by the competent national authorities, becoming one of the first enterprises granted a general license by the country. The company's export business remains stable, with first quarter export sales revenue of 381 million yuan in 2026, accounting for 18.7% of total operating revenue, an increase of 22.16% year-on-year. Bohai Securities released a research report stating that, influenced by expectations of the China-US economic and trade negotiations, upstream holding merchants have a certain price-support mentality, but actual market demand has not shown a clear improvement, and short-term prices may fluctuate. Founder also stated that the State Council recently deliberated and passed the draft Mineral Resources Law. Strengthening government control over mineral resources is beneficial for the rational protection and development of strategic metal resources, and helps to prevent illegal mining or other development activities that bypass regulation.