JL Mag Rare-Earth Forecasts Higher Q3 Profit

MT Newswires Live

2025/10/10

JL Mag Rare-Earth (HKG:6680) said it expects to post higher profit in the third quarter, according to a Hong Kong bourse filing Thursday.

Shares of the magnet seller gained over 2% in morning trade Friday.

The company expects to post 200 million yuan to 245 million yuan in attributable profit, up 159% to 217% from the 77.2 million yuan reported a year prior.

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