JLMAG (06680) rose more than 5% before noon. As of the time of writing, the stock was up 4.02% to HK$21.2, with a turnover of HK$153 million.
The company recently released an investor relations activity record, stating that following the implementation of export control measures on medium and heavy rare earth-related items, it has carried out export declarations in accordance with national regulations. It has successively obtained export licenses issued by the relevant national authorities and was among the first batch of enterprises to be granted a general license. The company's export business remains largely stable. In the first quarter of 2026, export sales revenue reached 381 million yuan, accounting for 18.7% of total operating revenue, representing a year-on-year increase of 22.16%.
Bohai Securities noted in a research report that due to expectations surrounding China-U.S. economic and trade consultations, upstream holders have shown some price-supporting sentiment. However, actual market demand has not seen significant improvement, and short-term prices may fluctuate. Meanwhile, Founder Securities indicated that the draft of the "Mineral Resources Law" was recently reviewed and passed at a State Council executive meeting. The government's strengthened control over mineral resources is conducive to the reasonable protection and development of strategic metal resources, helping to prevent unauthorized mining or other development activities that bypass supervision.
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