国金证券指出，短期来看，在《管理条例》正式生效（2024年10月1日）前，产业链或存在抛售现象，价格短期或有压力；考虑目前处于价格成本、库存双底部，低价下第二批配额难有较大增量，叠加“类供改”政策限制部分供给和旺季价格催化，后续价格有望迎来拐点。JL Mag Rare-Earth (06680) fell more than 4%, as of press time, fell 4.07% to HKD 5.9, with a turnover of HKD 7.7364 million.
According to the Zhongtong News APP, JL Mag Rare-Earth (06680) fell more than 4%, as of press time, fell 4.07% to HKD 5.9, with a turnover of HKD 7.7364 million.
On the news side, according to statistics from SMM, the price of praseodymium and neodymium oxide in January-June decreased by 18.3%, and the price of praseodymium and neodymium metal decreased by 16.9%. The imbalance between supply and demand in the rare earth market continues to worsen. Due to the decline in rare earth prices and unfavorable execution of orders, the company achieved revenue of approximately CNY 1.536 billion in the first quarter of this year, a year-on-year decrease of 6.93%; net income attributable to shareholders of the listed company was approximately CNY 0.102 billion, a year-on-year decrease of 42.93%.
Sinolink Securities pointed out that in the short term, there may be selling pressure in the industry chain before the formal implementation of the 'Management Regulations' (October 1, 2024), and prices may be under pressure in the short term; considering that it is currently at the bottom of both price and inventory, with low stock prices making it difficult to have a significant increase in the second batch of quotas, coupled with the 'similar supply reform' policy restricting some supply and the catalysis of peak season prices, the subsequent price is expected to turn around.