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REE Permanent Magnet Stocks Experience Unexpected Surge; Ningbo Yunsheng Hits Daily Limit in Afternoon
1 week ago /
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Author：小编
In the afternoon trading session, Ningbo Yunsheng reached its daily limit, while Jiuling Technology, Zhongke Magnetic, and Innost all surged by over 5%. Stocks such as Beikuang Technology, Galaxy Magnetics, Jinli Permanent Magnet, and China Rare Earth also witnessed significant gains. Ningbo Yunsheng's daily limit achievement is attributed to its leading position in the rare earth permanent magnet materials sector and its business dealings with Tesla. The Ministry of Commerce has announced that it will expedite the review of export license applications related to rare earths in compliance with legal regulations and has already approved some compliant applications, which could potentially have a favorable impact on the market.
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