China’s rare earth permanent magnet sector surged in afternoon trading, with Zhongke Magnetics (301141) soaring by the 20% daily limit on the ChiNext board. The rally extended across the industry chain, as Beimin Technology (600980) maintained its earlier limit-up position and Keheng Co. (300340) jumped over 10%. Other notable gainers included Jiuling Technology, Ximagnetic Technology, and Galaxy Magnetics (300127), while Yingluohua (000795) and Longma Technology (300835) also posted significant advances.
The sector-wide momentum follows reports of tightened rare earth export controls and rising global demand for high-performance magnets used in electric vehicles and wind turbines. Industry analysts note that recent breakthroughs in magnetothermal stability have improved the commercial viability of Chinese rare earth products in premium applications.
Trading volumes in rare earth stocks reached multi-month highs, with institutional investors particularly active in building positions. The movement reflects growing expectations for policy support in China’s upcoming industrial upgrade plans, which may prioritize domestic rare earth processing and magnet manufacturing capabilities amid escalating global competition for critical minerals.
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