JLMAG (06680) saw its shares climb more than 4% during the trading session. At the time of writing, the stock was up 3.67%, trading at HKD 21.46, with a turnover of HKD 108 million.
A research report from Guotai Haitong highlighted a sustained positive outlook for the investment value of rare earths as a critical strategic resource over the medium to long term. Under conditions of tight supply-demand balance, the supply-demand balance sheet remains important; however, greater attention should be paid to the core impact of macroeconomic factors on metal price trends. Monetary policy, macroeconomic expectations, geopolitical dynamics, and supply disruptions are expected to be key determinants of market performance.
Guojin Securities noted that the price of praseodymium-neodymium oxide in the current period (March 23 to April 3) was RMB 753,100 per ton, representing a sequential increase of 7.16%. Since the beginning of the year, the price trend has shown a consistent upward trajectory, which the firm attributes largely to supply-side policy documents issued for 2024-2025 and the ongoing advancement of industry supply-side reforms. Data indicating a year-on-year decline of 1% in full-year 2025 exports, coupled with a significant increase in exports from the beginning of 2026, suggests that overseas markets still exhibit substantial inventory replenishment demand.
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