JLMAG (06680) saw its shares rise over 4% again, marking an increase of 4.09% to HK$23.4 at the time of writing, with a trading volume of HK$197 million. The upward movement is supported by a continuous rise in rare earth prices since the beginning of 2026. According to data from the Baotou Rare Earth Products Exchange, as of February 11, the average price of praseodymium oxide reached 877,000 yuan per ton, having increased by more than 260,000 yuan per ton since the start of the year, a gain of 43.42%. The average price of neodymium oxide reached 870,000 yuan per ton, rising by 260,000 yuan per ton year-to-date, an increase of 42.62%. Cumulative year-to-date increases for praseodymium-neodymium oxide, neodymium metal, and praseodymium-neodymium metal have all exceeded 35%. A research report from Guoyuan Securities suggests that as the application of rare earths expands in high-end manufacturing, downstream demand from sectors such as new energy vehicles, wind power generation, and robotics continues to grow. Coupled with technological advancements in the industry and supportive national policies for resource control and industrial upgrading, the rare earth permanent magnet industry is expected to enter a new growth cycle.