A-share rare earth permanent magnet stocks fluctuated higher, with Xici Technology surging over 16%, Northern Rare Earth hitting the daily limit, and other stocks such as Zhongke Magnetics, Jiuling Technology, China Rare Earth, and China Rare Nonferrous Metals following suit. On the news front, the Ministry of Natural Resources released my country's latest mineral resource inventory, revealing that my country ranks first in the world in reserves of 14 minerals, including rare earth, tungsten, tin, molybdenum, antimony, gallium, germanium, indium, fluorite, and graphite.
