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Afternoon Surge in Rare Earth Permanent Magnet Stocks: Guangdong Shengye Nonferrous Metals Hits Daily Limit
1 week ago /
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Author：小编
In the afternoon, shares related to the rare earth permanent magnet sector witnessed a significant uptick, with Guangdong Shengye Nonferrous Metals reaching its daily trading limit. Jiuling Technology soared by over 10%, and several other related stocks featured prominently among the day's top gainers. A recent research report from Morgan Stanley forecasts that the emerging humanoid robot revolution could generate a staggering $800 billion demand for rare earth minerals. Notably, each of these robots is estimated to require an average of 0.9 kilograms of rare earth metals, underscoring the paramount strategic importance of rare earth resources.
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