智通财经网·2026-02-09 06:55Core Viewpoint - The stock of Jinli Permanent Magnet (06680) has risen over 7%, driven by tight supply expectations and increased purchasing activity in the rare earth market, particularly for praseodymium and neodymium products [1] Group 1: Market Dynamics - A separation plant's year-long shutdown has led to sustained tight supply expectations in the rare earth market [1] - Major magnetic material manufacturers are actively restocking, contributing to heightened market activity and a shift from typical year-end quietness [1] - On February 9, prices for praseodymium and neodymium products saw significant increases, with praseodymium oxide averaging 805,000 yuan/ton and praseodymium metal averaging 980,000 yuan/ton [1] Group 2: Supply and Demand Outlook - Guotou Securities anticipates that rigid constraints from whitelist and quota indicators will affect supply in 2026, with stable growth in both domestic and international demand expected [1] - A new round of restocking may begin, with optimism for rising rare earth prices in 2026 [1] - Huayuan Securities notes that tight supply and policy support are sustaining the current market, with ongoing shortages in praseodymium oxide supply and low willingness from upstream holders to sell at lower prices [1] Group 3: Price Trends - Downstream magnetic material companies are shifting from essential purchasing to stockpiling, indicating a change in demand behavior [1] - Baogang Group and Northern Rare Earth reported a 2.4% quarter-on-quarter increase in rare earth concentrate transaction prices, supporting the upward movement of rare earth price levels [1]