SMM

Affected by the news that the Ministry of Industry and Information Technology (MIIT) solicited public opinions on February 19 regarding the "Interim Measures for the Total Volume Control and Management of Rare Earth Mining and Rare Earth Smelting and Separation (Draft for Public Comments)" and other related documents, the spot price of rare earths saw a significant increase on February 20. In the stock market, the rare earth permanent magnets concept sector experienced a notable surge at the opening. As of the close on February 20, the rare earth permanent magnets concept rose by 1.34%. Among individual stocks, Chuangxing Resources hit the daily limit, Zhenghai Magnetic Material rose by 6.1%, Guangsheng Nonferrous Metals increased by 5.59%, while Hanghua Co., Yujing Co., China Rare Earth, Baogang Group, and Ningbo Yunsheng were among the top gainers.