China’s rare earth permanent magnet sector surged during Wednesday’s session, with Huayang New Materials (600281) soaring by the 10% daily limit and Beikuang Technology (600980) maintaining its earlier limit-up position. Zhongke Magnetics (301141) jumped over 10%, while Keheng Co. (300340), Jiuling Technology, Galaxy Magnetics (300127), Xima Technology, and Tianhe Magnetics (603072) posted strong gains.
The rally reflects rising demand for high-performance magnets used in EV motors, wind turbines, and industrial automation, driven by China’s push for energy transition and tech self-sufficiency. Analysts note tightening supply of rare earth materials, particularly neodymium and praseodymium (NdPr), has further supported prices.
The sector’s momentum aligns with global renewable energy expansion and domestic policy support for critical mineral supply chains. Investors are betting on long-term growth in magnet applications, though short-term volatility may persist amid fluctuating rare earth prices.
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