TU-TESL

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On Wednesday afternoon, Hong Kong shares of China rare earth soared nearly 30%. As of publication, it was up 24.32% to HK $0.46. News, south rare earth 4 announced this week's listing guidance price, heavy rare earth prices up again. Compared with the last time, gadolinium oxide quoted price of 158000 yuan / ton, up by 1000 yuan; holmium oxide quoted price of 305000 yuan / ton, up by 5000 yuan. Recently, the price of heavy rare earth continued to rise. Analysts at Redway metal said the rise in heavy rare earth prices was also supported by deals. Although praseodymium, neodymium and other light rare earths followed the increase in price, the reason for the increase in price was not the improvement of supply, and the downstream procurement temperature was still not high. Praseodymium and neodymium enterprises raised their prices more because of cost pressure. On the A-share market, rare earth permanent magnet concept stocks also rose. As of the press release, Taihua shares rose, jinliyongci, Minmetals rare earth and Northern rare earth all rose against the trend. According to Anxin securities, the prices of rare earth praseodymium and neodymium rebounded slightly, terbium and dysprosium rose, and ammonium paratungstate in small metals rose. At present, the main downstream demand continues to be weak, and the supply side is not good. However, due to the approaching of the end of the year, some downstream demand for replenishment, and the price has been at the bottom, which may have some support in the short term.