Zhi Tong Cai Jing·2026-02-27 02:57Group 1 - Jilin Permanent Magnet (06680) has seen a stock price increase of over 6%, specifically 6.11%, reaching HKD 25.34, with a trading volume of HKD 154 million [1][2] - The recent rise in rare earth prices is attributed to supply and demand dynamics, with praseodymium and neodymium oxide averaging RMB 886,100 per ton, an increase of RMB 3,200 per ton, and metallic praseodymium and neodymium averaging RMB 1,081,000 per ton, an increase of RMB 11,500 per ton [2] - The China Minmetals Corporation has announced a conference on March 25, 2026, to discuss rare earth and rare metal export policies and market conditions [2] Group 2 - According to Guotou Securities, rare earths are critical strategic resources for new energy and high-end manufacturing, with a significant supply-demand mismatch currently observed in the industry [2] - Global rare earth separation and smelting capacity is highly concentrated in China, and domestic quota tightening has highlighted supply rigidity [2] - The expansion of downstream demand is driving an increase in the usage of neodymium-iron-boron, which in turn is pushing up the prices of praseodymium and neodymium oxides, supported by this round of policy-driven price increases [2]