JL Mag Rare-Earth Likely Entering Favorable Earnings Phase -- Market Talk

Dow Jones
Jan 30

0545 GMT - JL Mag Rare-Earth is likely entering a favorable earnings phase, driven by the rare-earth price upcycle, which supports the magnet manufacturer's profit growth, say Citi analysts in a note. They also see improving long-term demand from emerging applications such as humanoid robots. Meanwhile, U.S. policy uncertainty boosts China's rare-earth supply importance, which reinforces JL Mag's role as a key participant in the global high-performance magnet supply chain, they say. Citi raises its rating on JL Mag's A-shares to buy from neutral and lifts its target price to CNY48.00 from CNY32.60. It raises target price on the H-shares to HK$35.00 from HK$25.30 and keeps a buy rating. JL Mag's A-shares are down 7.6% at CNY38.02. H-shares are 6.3% lower at HK$22.16. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

January 30, 2026 00:45 ET (05:45 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10