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Rare earth industry welcomes a turning point in the cycle: who will benefit the most from the expected price increase?
"Myanmar rare earth blockade", "Trump was elected President of the United States", these two unstable factors will pose a huge challenge to the global rare earth supply.
This Insider Has Just Sold Shares In JL Mag Rare-Earth
jl mag rare-earth (300748.SZ): In the first three quarters of 2024, the company's production capacity utilization rate exceeded 90%, and the production and sales volume of high-performance magnetic materials products increased by approximately 40% year-on
Gelonghui November 8th - jl mag rare-earth (300748.SZ) stated on the investor interaction platform that the company's annual production of neodymium-iron-boron magnetic steel in 2023 was 0.0152 million tons. In the first three quarters of 2024, the company's capacity utilization rate exceeded 90%, with a year-on-year increase of approximately 40% in the production and sales volume of high-performance magnetic materials. In addition, the company's new projects are gradually progressing, with the Baotou Phase II project with an annual capacity of 12,000 tons, the Ningbo project with an annual capacity of 3,000 tons of high-end magnetic materials and 0.1 billion sets of components, and the Ganzhou project for a high-efficiency energy-saving electric machine magnetic material base being constructed as planned. The company plans to complete the construction by 2025 with a capacity of 400
Jl mag rare-earth (300748.SZ): its products are widely used in new energy autos, autos, auto parts, rail transportation and other fields
Gelonghui November 8th | JL Mag Rare-Earth (300748.SZ) stated on the investor interaction platform that the company's products are widely used in new energy autos and auto parts, energy-saving frequency conversion air conditioners, wind power generation, 3C, robots and industrial servo motors, energy-saving elevators, rail transit and other fields. Taking new energy autos and auto parts, and energy-saving frequency conversion air conditioners as examples, in the first half of 2024, the company's revenue in the field of new energy autos and auto parts reached 1.593 billion yuan. The company's new energy auto drive motor steel products can be assembled in approximately 2.45 million new energy passenger vehicles, based on data released by the China Association of Automobile Manufacturers.
jl mag rare-earth (300748.SZ): Currently, the company is purchasing rare earth raw materials according to the order situation.
Gelonghui November 7th丨JL MAG RARE-EARTH (300748.SZ) stated on the investor interaction platform that the company is currently purchasing rare earth raw materials according to the order situation. The company's rare earth raw materials are mainly supplied by domestic rare earth material suppliers including China Northern Rare Earth Group and China Rareearth Group. The company procures through legal and compliant channels, and has established long-term stable cooperative relationships with many material suppliers. At the same time, the company's rare earth procurement insists on prioritizing green recycling of rare earth, investing in the rare earth recycling company Bayan Obo City Silver Sea New Materials Co., Ltd., and has passed global authoritative recycling composition certification.
Hong Kong stock market midday review | Hang Seng Index falls by 2.60%, Chinese brokerage sector shows strength.
As of 11:00 on November 6th peking time, the trading volume of Shanghai, Shenzhen, and peking exceeded 1.5 trillion yuan, an increase of 234.7 billion yuan compared to the previous day.
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