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Express News | Tight supply and demand driving price increases, the rare earth industry has strong momentum for industry chain integration.
Rare earth permanent magnet concept stocks in A-shares rise, with innuovo technology hitting the limit up.
Gelonghui November 4th | Shenghe Resources, Innuovo Technology both hit the limit up, China Rareearth rose more than 9%, Earth-Panda Advanced Magnetic Material, JL Mag Rare-Earth, ningbo yunsheng, China Northern Rare Earth and others followed the upward trend.
China rareearth raw material imports blocked, causing a 30% surge in JL Mag Rare-earth (06680.HK).
Rare earth concept stocks surged today (1st), with the highest price of JL Mag Rare-Earth (06680.HK) reaching 10.86 yuan, up 44%. Currently trading at 9.84 yuan, up 30.5%, with a transaction volume of 77.5729 million shares, involving 0.758 billion yuan. China Rareearth (00769.HK) is currently trading at 0.5 yuan, up 19.05%, with a transaction volume of 0.136 billion shares, involving 69.1442 million yuan. The local media reported that rare earth mining in Myanmar has stalled, coupled with border closures, leading to a blockade of China's rare earth raw material imports. Myanmar accounted for 11% of the world's raw ore production last year. In the first nine months of this year, China imported rare earth materials from Myanmar.
Myanmar's production shutdown and border closure, Hong Kong, A rare earth metals concept collectively surged, what is the impact?
Nearly 20 individual stocks in A-shares hit the daily limit.
Hong Kong stock market anomaly | Production suspension and closure in Myanmar may restrict the supply of rare earths, causing JL Mag Rare-Earth (06680) to rise by more than 20%, and China Rareearth (00769) to rise by more than 13%.
Rare earth metal concept stocks strengthened in the morning session. As of the time of publication, jl mag rare-earth (06680) increased by 20.03%, to HKD 9.05; china rareearth (00769) rose by 11.9%, to HKD 0.47.
A-share abnormal movement | Rare earth stocks all rose, multiple stocks of china northern rare earth hit the limit up, stalemate in the mining of rare earth in Myanmar
November 1, Ronghui | A-share rare earth stocks across the board soared, with Earth-Panda, jl mag rare-earth up 20%, yantai zhenghai magnetic material up over 13%, China Science Magnetic Technology up over 12%, jiangmen kanhoo industry up nearly 12%, chengdu galaxy magnets up over 10%, innuovo technology, china northern rare earth, rising nonferrous metals share, china rareearth, shenghe resources holding, and inner mongolia baotou steel union up 10%. On the news front, the mining of rare earth minerals in Myanmar has stalled, with the border closed, and China's rare earth raw material imports blocked. It is reported that Myanmar is one of China's important sources of rare earth raw materials. From January to September this year, China imported 0.031 million tons of rare earth oxides from Myanmar, accounting for the total oxide imports during the same period.
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