Today (1st), the rare earth concept stocks surged, jl mag rare-earth (06680.HK) saw its highest stock price at 10.86 yuan, up 44%. Currently trading at 9.84 yuan, up 30.5%, with a trading volume of 77.5729 million shares, involving 0.758 billion yuan. China rareearth (00769.HK) is currently trading at 0.5 yuan, up 19.05%, with a trading volume of 0.136 billion shares, involving 69.1442 million yuan.

According to domestic media reports, the mining of rare earth minerals in Myanmar has stalled, coupled with border closures, leading to a blockade of China's rare earth raw material imports. Myanmar accounted for 11% of the global ore production last year, and in the first 9 months of this year, China imported 0.031 million tons of rare earth oxides from Myanmar, accounting for 74.9% of the total import volume.