The rare earth permanent magnet sector is active, with the Rich State (159713) Rare Earth ETF approaching a 2.5% increase.

April 7, in the afternoon, the rare-earth permanent magnet concept was active. The Rare Earth ETF from Fullgoal (159713) rose nearly 2.5%; as of the time of writing, the latest gain was 1.99%. Among the constituent stocks of the underlying index, China Minmetals Rare Earth hit the daily limit; stocks such as Sinomagnetics, Huahong Technology, and Jiuling Technology rose more than 5%, driving the index higher.

On the news front, last week, the weekly price of praseodymium-neodymium oxide rose more than 6%, closing at around 750k yuan/ton.

Research institutions believe that the opening of excess stockpiling will create room for price upside, and they are optimistic about a “double boost” in profitability and valuation for the rare-earth sector. In China, the rare-earth total volume regulation and management policy is gradually taking shape. Meanwhile, rare-earth quotas in recent years have shown a slowdown in pace. Although overseas countries have strong intentions to build their own rare-earth supply chains, progress has generally been slow, and capacity increases are largely concentrated in countries such as the US, Japan, and Europe. This means that in the future, incremental supply at home and abroad will be inclined to be “locked in,” and the rigidity of long-term supply will continue to strengthen.

For investors interested in the rare-earth sector, you may consider the Rare Earth ETF from Fullgoal (159713). This product closely tracks the CSI Rare Earth Industry Index, focusing on key links such as rare-earth resource mining, smelting and separation, and the manufacturing of downstream high-performance permanent magnet materials.

The Daily Economic News

(Editor: Zhang Xiaobo)

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