According to the Wise News APP, jl mag rare-earth (06680) plunged by more than 15%, as of the time of publication, dropped by 16.67%, closing at 9.08 Hong Kong dollars, with a trading volume of 0.207 billion Hong Kong dollars.

On the news side, according to media reports, the escalation of the situation in Myanmar has led to a halt in local rare earth mining, which has a significant impact on the supply of medium and heavy rare earths domestically. Currently, the mines in Myanmar are still at a standstill, and it is expected that the impact of this event will continue for some time. In terms of the future market, tianfeng securities believes that under the backdrop of the optimization of the industrial supply and demand structure, the center of the rare earth price will significantly increase. More importantly, it is expected that the sustainability of price increases and the realization of profits will improve, thereby increasing the elasticity of stock prices to rare earth prices.

Everbright Securities pointed out that due to the stable supply of Laotian mines (China imported a total of 6846.86 tons of rare earth oxides from Laos from January to September 2024, accounting for 16.65% of the total import volume of rare earth oxides) and the sharp increase in China's Myanmar mine imports in September (China imported 4206.79 tons of rare earth oxides from Myanmar in September, an increase of 109.38% month-on-month), the short-term impact of Myanmar's border closure on China's rare earth supply is limited, and the domestic mineral supply is sufficient. However, some miners also believe that Myanmar's border closure measures may last for a long time. According to SMM research, if the closure lasts for more than two months, the raw material inventory of separating plants will be in short supply.