Zhi Tong Cai Jing·2026-03-19 08:04Group 1 - The stock price of Jinli Permanent Magnet (06680) has dropped over 4%, with a cumulative decline of more than 20% this month, currently trading at HKD 19.86 with a transaction volume of HKD 76.35 million [1] - The Baotou Rare Earth Products Exchange reported a general weakening in the prices of mainstream rare earth products as of March 18, with the average price of praseodymium and neodymium oxide at CNY 741,900 per ton, down by CNY 2,400 per ton; and the average price of praseodymium and neodymium metal at CNY 927,800 per ton, down by CNY 9,200 per ton [1] - Xiangcai Securities indicated that the high valuation of the sector is under pressure due to a decline in market risk appetite, leading to short-term downward pressure; however, the price trend in the industry chain remains unchanged, and under policy constraints, there is unlikely to be a significant increase in supply in the medium to long term, while demand continues to show stable growth [1]