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Rare earth metal concept stocks weakened, jl mag rare-earth (06680) fell by 6.77%, it is rumored that Myanmar's rare earth mines may resume production as soon as this week.
Gold News | Rare earth metal concept stocks are weakening. As of the time of publication, jl mag rare-earth (06680) is down 6.77%, and china rareearth (00769) is down 2.13%. In terms of news, there has been new progress regarding the shutdown of the rare earth mines in Myanmar. Currently, a ceasefire has been established in the Myanmar rare earth mines, entering into negotiations. The Myanmar rare earth mines are expected to resume production as early as this week, but full production may have to wait until a complete ceasefire. In addition, industry insiders claim: "Even if the Myanmar rare earth mines continue to be shut down, the impact is not significant; domestic ion ore inventory is sufficient, and currently, the prices of medium and heavy rare earths are relatively stable."
Myanmar mining area may resume production this week, will rare earth prices fluctuate? Industry insiders: It's difficult for Q4 praseodymium neodymium oxide to exceed 450,000 yuan/ton. | Industry News
① Currently, ceasefire negotiations have taken place in Myanmar's rare earth mining areas, with a rapid resumption of production expected this week, but full production may have to wait until a complete ceasefire; ② Industry insiders believe that if Myanmar mines continue to suspend production, the domestic impact will be minor as there is a sufficient inventory of ion ore in the country, and the prices of medium and heavy rare earths are relatively stable; ③ It is reported that the supply of medium and heavy rare earths in the domestic market exceeds demand, and the consumption levels in both upstream and downstream are low, leading to inventory buildup and making it difficult for prices to rise significantly.
Hong Kong stocks are moving | Rare earth metals stocks are rising, China rareearth (00769) is up over 6%, jl mag rare-earth (06680) is up over 4%.
Rare earth metals concept stocks rose in early trading. As of the time of publication, China Rareearth (00769) rose by 6.59%, to 0.485 Hong Kong dollars; jl mag rare-earth (06680) rose by 4.26%, to 9.55 Hong Kong dollars.
Hong Kong stocks abnormal | Rare earth metal concept stocks strengthen against the trend, china northern rare earth listing price adjustment boosts market confidence, multiple industries' demand continues to rise
Rare earth metals concept strengthens against the trend. As of the time of publication, jl mag rare-earth (06680) rose by 10.54%, closing at 11.12 Hong Kong dollars; China rareearth (00769) rose by 4.17%, closing at 0.5 Hong Kong dollars. 06680, 00769
[Brokerage Focus] Citic Securities pointed out that the supply and demand pattern of the rare earth industry is expected to see a turning point, and the rare earth permanent magnets sector is expected to continue to rise.
Jingu financial news | Citic Securities stated that China Northern Rare Earth announced the listing price of light rare earth products in November 2024, with the listing price of PrNd oxide at 0.417 million yuan per ton, a month-on-month increase of 0.22%; the listing price of PrNd metal at 0.516 million yuan per ton, a month-on-month increase of 0.19%, has been rising continuously since August, and is expected to boost market confidence. With the official implementation of the rare earth management regulations, the industry is expected to develop in a high-quality and standardized manner. On the supply side, due to disturbances in the situation in Myanmar, the import volume of ores decreased significantly from January to September 2024, with the annual domestic rare earth mining indicators in 2024 decreasing by 15.5% year-on-year.
Hong Kong stock concept tracking | Myanmar rare earth mining remains stagnant, short-term prospects of rapid rise in the rare earth industry (with concept stocks)
Regarding the future market, tianfeng believes that, in the context of optimizing the supply and demand structure of the industry, the center of rare earth prices will significantly increase. What is even more important is that it is expected that the sustainability of price increases and the realization of profits will improve, thereby leading to the stock price's elasticity to rare earth prices also expected to continue to magnify.
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