Jinli Permanent Magnet stock rises over 7% in early trading; institutions are optimistic about the rare earth sector's valuation and performance growth.

SadMoneyMeow · 2026-04-09T00:03:00+00:00

Jinli Permanent Magnet's stock price rose more than 7% in the early trading session, benefiting from the rebound in rare earth prices. Market expectations for inventory reduction have strengthened, and a new round of stock replenishment is expected to start soon. Analysts believe that with the advancement of supply-side reforms, the rare earth industry will continue to experience dual improvements in valuation and performance.

SadMoneyMeow

2026-04-09 00:03:00

Abstract generation in progress

Goldi Yongji Magnetics (06680) was up more than 7% in the early trading session. As of the time of this report, the stock price was up 7.06%, trading at HK$20.62. Turnover was HK$68.5093 million.

In recent days, rare earth prices have stabilized and rebounded. The price of praseodymium-neodymium oxide has risen to above 750k yuan per ton. After some manufacturers previously went public with bearish views, downstream procurement sentiment has clearly improved recently. The market expects that major manufacturers’ inventories may fall to within 1 month, which could provide a clear support for prices. China International Capital Securities believes it expects Baogang to raise its rare earth concentrate prices in early April. The energy crisis may catalyze demand from both domestic and overseas markets beyond expectations, and the next round of restocking could begin in the second quarter, with optimism for a rise in the rare earth price mid-point in 2026.

Guojin Securities said that, looking from the start of the year to date, the price mid-point has been moving higher. The firm believes this is likely strongly related to supply-side documents released in 2024–2025, as industry supply reforms continue to advance. In 2025, exports were down year-on-year by 1% for the full year, while from early 2026 to date exports have increased significantly, indicating that overseas still has substantial restocking demand. The rare earth sector will continue to evolve with valuation and earnings rising together, and 2026 is also a key year for resolving peer competition for major targets in the sector.

(Editor: Liu Chang)

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