Jinli Permanent Magnet Disk Surges Over 5%; Institutions Optimistic About Rare Earth Central Price Increase by 2026

Gengli Permanent Magnet (06680) surged over 5% intraday, as of press time, the stock price increased by 3.60%, currently at HKD 20.72, with a trading volume of HKD 148 million.

Guotou Securities stated that the strategic importance of rare earths such as tungsten, antimony, gallium, and germanium is becoming prominent, and in the future, prices may be influenced not only by supply and demand but also by strategic scarcity premiums. As of May 8, the spot price of praseodymium-neodymium oxide was 757.5k yuan/ton, up 1.94% month-on-month. Baogang significantly raised the second-quarter prices of rare earth concentrates, coupled with downstream magnetic material factories marginally replenishing inventories, leading to a gentle increase in praseodymium-neodymium oxide prices. Demand in May and June may drive downstream continuous inventory replenishment, and the central price of rare earths is expected to rise in 2026.

(Chairman: Dong Pingping)

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