Xin Lang Cai Jing·2025-12-06 02:46Core Viewpoint - China has issued its first batch of general export licenses for rare earth materials, leading to a significant rise in the stock prices of key rare earth permanent magnet companies [1][3]. Group 1: Export License Impact - The issuance of general export licenses has resulted in a surge in stock prices for companies like Ningbo Yunsheng, Jinli Permanent Magnet, and Zhongke Sanhuan, with Ningbo Yunsheng hitting the daily limit [1]. - Several leading domestic rare earth permanent magnet companies have successfully obtained these export licenses, which are crucial for their operations [1][3]. - The new policy allows companies to apply for export licenses as long as their products meet relevant standards and are within the scope of policy control, enhancing export efficiency [7]. Group 2: Policy Background - The issuance of the export licenses is closely linked to the dynamic adjustments in China's rare earth export policies throughout the year [3][4]. - In April, China announced export controls on seven categories of heavy rare earth-related items, requiring exporters to apply for licenses [3]. - The Ministry of Commerce accelerated the approval process for rare earth exports in June to alleviate global supply chain pressures [4]. Group 3: Market Dynamics - As of October, China's rare earth magnet exports totaled 45,290 tons, reflecting a year-on-year decline of 5.2%, but showing a 15.8% increase compared to the same month in the previous year [9]. - Exports to the United States saw a significant month-on-month increase of 56.1% in October, reaching 656 tons, the highest since January [10].