JLMAG (06680) surged more than 4%, with gains reaching 4.29% to HK$23.8 by the time of writing, while turnover hit HK$203 million.

Since the beginning of January, rare earth prices have been on a sustained upward trajectory, with notable increases in the prices of yttrium oxide, praseodymium oxide, and neodymium oxide; the prices of both neodymium oxide and praseodymium oxide have risen by over RMB 120,000 per tonne.

According to data from the Baotou Rare Earth Products Exchange, as of January 28th, the average price of yttrium oxide was RMB 77,000 per tonne, a 33.46% increase from the end of the previous year; the average price of neodymium oxide was RMB 732,500 per tonne, up 20.08% from the end of last year; and the average price of praseodymium oxide was RMB 733,300 per tonne, accumulating a 19.92% increase since the end of the previous year.

Previously, JLMAG issued a profit alert, forecasting that its full-year 2025 net profit attributable to shareholders would be between RMB 660 million and RMB 760 million, representing a year-on-year increase of 127% to 161%.

The company stated that its product output and sales volume reached record highs, further solidifying its leading position in the global rare earth permanent magnet industry.

In 2025, the company achieved small-batch deliveries of its products, including motor rotors and magnetic materials for embodied robots, as well as products for the low-altitude aircraft sector.