Rare earth permanent magnet sector continues to rise, with Northern Rare Earth and Baogang Steel hitting the daily limit

2026-03-07 17:57:12

Abstract generation in progress

The rare earth permanent magnet sector continues to rise, with Northern Rare Earth, Baogang Steel, China Minmetals Corporation, and China Aluminum International hitting the daily limit. SanChuan Wisdom increased over 15%, while Jiuling Technology, Jinli Permanent Magnet, China Rare Earth, Xiamen Tungsten, and Shenghe Resources also gained. Regarding related ETFs, the Rare Earth ETF (159713) rose 5.92% with a trading volume of 122 million yuan, and the Harvest Rare Earth ETF (516150) increased 5.98% with a trading volume of 246 million yuan.

In news, the current Light Rare Earth Composite Price Index is 2090 points, up 235 points from the previous period, a 12.67% increase; the Rare Earth Composite Price Index is 1263 points, up 74 points, a 6.22% increase. According to Baichuan Yingfu data, prices of main rare earth products like praseodymium-neodymium oxides have recently continued to rise, with tight spot supply and downstream magnetic material companies’ stocking and procurement needs jointly driving prices higher.

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