HK Stock Price Fluctuated | Jl Mag Rare-Earth (06680) rose more than 4%. Profitability levels in the rare earth industry are expected to temporarily hit bottom and there is a possibility of improvement in the future.

JL Mag Rare-Earth (06680) rose more than 4%, closing at a 4.79% increase, at HKD 10.28, with a turnover of HKD 5.12 million. According to a research report by Debon Securities, following the unexpected decline in US CPI data, market expectations for future rate hikes have been adjusted. According to Fedwatch data, as of November 14, 2023, the probability of a December rate hike by the Federal Reserve is 5.5%, compared to 14.5% one day ago, 9.6% one week ago, and 28.8% one month ago. With the downward adjustment of future rate hike expectations, it is expected that the non-ferrous metal industry, which is currently suppressed by the Fed's rate hikes, will present more obvious investment opportunities. In a research report on November 15, Tianfeng pointed out that the short-term bottom may be reached and subsequent improvements may be expected. With the implementation of the second batch of indicators, the bank believes that the short-term industry profitability is expected to reach a temporary bottom. Rare earth prices are in a volatile stabilization range, and with the clarification of the direction of high-end, intelligent, and green industries by the State Council, the rare earth industry chain is expected to improve in the future.