HK Stock Market Move | Jl Mag Rare-Earth (06680) rose more than 6% in intraday trading and has already delivered a small batch of Siasun Robot&Automation motor rotors to world-renowned tech companies.

Jl Mag Rare-Earth (06680) rose more than 6% during the day, as of the time of writing, it is up 4.19% to HK$19.91, with a trading volume of HK$1.1 billion. On the news front, on May 13, Jl Mag Rare-Earth disclosed that it has delivered a small batch of Siasun Robot & Automation motor rotors to a world-renowned technology company, and has upgraded the relevant R&D department to a Siasun Robot & Automation motor rotor business unit. Data shows that in the first quarter of 2026, the company generated revenues of 118 million yuan in the Siasun Robot & Automation and industrial servo motor sectors, an increase of 81.84% from the same period last year, with customers including many industrial Siasun Robot & Automation and servo motor manufacturers globally. Guosheng pointed out that the company's construction of 20,000 tons of new production capacity is steadily progressing, and it is expected that the magnetic material production capacity will reach 60,000 tons by the end of 2027. The expansion of production capacity will continuously dilute fixed costs, and under the resonance of quantity and price, the profit space is expected to further open up. The company has reached long-term cooperation agreements with China Northern Rare Earth and China Rare Earth Resources and Technology, and with the acquisition of a controlling stake in Yin Hai New Materials, it has entered the rare earth recovery sector, optimizing the upstream resource layout and stabilizing raw material procurement and cost levels in a tight raw material supply environment. The proportion of revenue from high value-added products such as Siasun Robot & Automation and high-end servo motors is steadily increasing, and the optimization of product structure is driving improvements in profitability per ton.