Zhi Tong Cai Jing·2026-02-11 02:37Core Viewpoint - The stock of Jinli Permanent Magnet (金力永磁) has risen over 9%, reaching HKD 23.36 with a trading volume of HKD 1.57 billion, driven by an increase in rare earth product prices as reported by Baotou Rare Earth Products Exchange [1] Group 1: Price Movements - The average price of praseodymium-neodymium oxide is now CNY 850,200 per ton, up by CNY 51,400 per ton [1] - The average price of praseodymium-neodymium metal is CNY 1,016,000 per ton, an increase of CNY 39,700 per ton [1] - The average price of dysprosium oxide is CNY 1,412,200 per ton, rising by CNY 11,400 per ton [1] - The average price of terbium oxide is CNY 6,234,300 per ton, up by CNY 20,000 per ton [1] Group 2: Market Outlook - Guotou Securities indicates that rare earth prices have been rising since January, with expectations of stable growth in both domestic and international demand, potentially initiating a new inventory replenishment cycle [1] - The firm anticipates that the rigid constraints of the whitelist and quota indicators will limit supply in 2026, leading to an increase in the central price of rare earths [1] - Guojin Securities believes that the rare earth sector will continue to evolve with both valuation and performance rising, with 2026 being a critical year for resolving competition among peers in the industry [1]