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[Brokerage Focus] Haitong Int'l expects that rare earth prices have completed a bottom adjustment and is bullish on the steady rise of rare earth prices.
Jingu Finance | Haitong International believes that rare earth prices have already completed the bottom adjustment, and the price rebound reflects the support of rare earth smelting production costs. In the environment of demand recovery, the bank is bullish on the steady rise of rare earth prices. The bank indicates that on the supply side, the growth rate of domestic supply indicators in 2024 has slowed down, overseas production and import volume have decreased, and supply constraints have strengthened. On the demand side, demand for new energy continues to grow, and siasun robot&automation is expected to become the next demand hotspot. In terms of inventory, rare earth separation plants have slightly accumulated inventory, while midstream and downstream inventories have decreased year-on-year. The bank believes that the recovery in downstream demand sentiment will drive the demand for midstream and downstream products such as dysprosium iron, metal praseodymium, and sintered.
China Rareearth (000831.SZ): The products currently do not involve niobium ore and niobium metal.
According to a statement made on the investor interaction platform on November 25 by Glonghui, china rareearth (000831.SZ) indicated that as of now, the company's products do not involve niobium ore and niobium metal.
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
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