Rare-Earth Permanent-Magnets Concept Gains 4.4% as Chinese Producers Report Strong Q1 Earnings

On 29 April Shanghai-listed rare-earth permanent-magnets concept index closed up 4.41 %, its rise this quarter. The surge followed Q1 results from China’s leading rare-earth firms and a modest rise in Pr-Nd oxide spot prices. Stocks including China Northern Rare Earth, Huahong Technology and Ximag Technology hit daily limits or double-digit gains, reinforcing the rally.

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

On 29 April the Ministry of Natural Resources released a mineral inventory confirming China’s reserves in 14 minerals and 2025 production of 17, rare earths included. The 15th Five-Year Plan emphasizes exploration of scarce minerals and consolidation of rare-earth assets.

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

Ministry officials pledged expanded exploration and supply-chain coordination. Inner Mongolia set a target to build three-trillion-yuan industrial clusters in materials and rare earths by plan’s end.

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

China Northern Rare Earth posted Q1 revenue of 11.86 billion yuan and net profit 918 million yuan, up 113 % YoY. China Rare Earth & Vanadium reported net profit 171 million yuan, up 262 % YoY, while JL MAG Rare-Earth posted a 20 % profit increase to 193 million yuan. Average Pr-Nd oxide price reached 745,956 yuan/mt in Q1, up 73.6 % YoY, and the April 29 spot price was 772,500 yuan/mt (+0.98 %). Q2 rare-earth concentrate prices between China Northern Rare Earth and Bao Gang United Steel jumped 44.6 % QoQ, supporting the price centre’s upward shift.

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

Analysts note weak downstream demand for magnetic materials, limited acceptance of high-priced supplies and sluggish trading. Production cuts at separation firms and output fluctuations at scrap processors, driven by environmental inspections, raise supply-reliability concerns. Some warn short-term price gains may be constrained by these demand-side headwinds.

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

Analysts say tighter export controls have generated overseas shortages and price spikes for rare-earth oxides, while production cuts and inspections tighten supply. Bank of America projects a shift toward commodities, including rare-earths, as investors hedge against geopolitical and macro-economic risks.

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

• “[Ministry of Natural Resources: Investment in Mineral Exploration to Continue Increasing during the 15th Five-Year Plan Period]On April 29, Xiong Zili, Director of the Geological Exploration Management Division of the Ministry of Natural Resources, stated that during the 15th Five-Year Plan period, the state will continue to thoroughly implement a new round of strategic actions for mineral exploration breakthroughs.” — Xiong Zili, Director, Geological Exploration Management Division, Ministry of Natural Resources

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

• “Xiangcai Securities noted that rare earth supply is tightening at an accelerating pace — separation enterprises are successively implementing production cuts, scrap enterprises face output fluctuations due to environmental protection inspections, and expectations for declining actual Pr-Nd supply are clear.” — Xiangcai Securities, analyst

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

• “Bank of America strategist Michael Hartnett stated that investors should pile into commodity markets in the coming years, as this asset class will benefit from global geopolitical and macro-economic turmoil.” — Michael Hartnett, Bank of America strategist

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

The Ministry aims to identify developable deposits by 2030, while Inner Mongolia targets high-value rare-earth clusters within the plan’s horizon. Analysts expect price pressure if export controls stay tight and downstream demand recovers.

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]