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Rare earth permanent magnet board related concept stocks have been pulled up by the uncertainty of trade disputes
Jul 18,2019 11:32CST
translation
Source:SMM
The A-share three major stock indexes collectively opened low, rare earth permanent magnet plate against the market strong pull up, early trading Jiaozuo Wanfang, Taihua shares rose by the limit, Sinosteel Tianyuan rose more than 9%, Jinli permanent magnet, Guangsheng Nonferrous, Yingluohua, Jingui Silver Industry and other stocks have followed.
The content below was translated by Tencent automatically for reference.

SMM7 18-month news: a shares of the three major stock index collective low, rare earth permanent magnet plate against the market strong pull, early trading Jiaozuo Wanfang, Taihua shares rose by the limit, Sinosteel Tianyuan rose more than 9%, Jinli permanent magnet, Guangsheng non-ferrous, Yingluohua, Jingui silver industry and other stocks have followed.

When Foreign Ministry spokesman Geng Shuang held a regular press conference yesterday, a reporter asked: on the 16th, US President Trump said that the United States still has a long way to go to reach a trade agreement with China, but if necessary, the United States may impose tariffs on $325 billion worth of Chinese goods. At the same time, more comfortable response said that China has always advocated the settlement of Sino-US economic and trade frictions through dialogue and consultation, and has always been sincere in economic and trade consultations. The United States believes that there is still a long way to go before reaching an economic and trade agreement, and China has just one sentence in response: a long journey, starting with a small step. No matter how long the road is, as long as you step forward firmly, you can always reach the end. It is hoped that the US side will show determination and perseverance and work with the Chinese side to reach a mutually beneficial and win-win economic and trade agreement on the basis of mutual respect and equal treatment.

Due to the uncertainty of trade disputes, trade frictions are expected to heat up, leading to changes in rare earth stocks. In addition, there is an increase in the expected profit of the relevant stock semi-annual report, and there is a phenomenon that individual shareholders buy back and increase their holdings of stocks, resulting in the rise of the A-share rare earth plate.

Guangsheng Nonferrous announced yesterday night that the first half of this year's net profit is expected to turn into a profit compared with the same period last year, achieving a net profit of 60 million yuan to 70 million yuan, compared with a loss of 30.14 million yuan in the same period last year. The company seized the opportunity of rising market prices of rare earth products, increased production and marketing business, business income and gross profit have been greatly increased; due to the rise in the prices of rare earth products, some inventory prices are ready to turn back to increase profits; output efficiency has increased, processing costs have declined, and profitability has been enhanced. .

Yingluohua announced last night that Mr. when Jin, the unanimous actor of Hengdian Group Holdings Limited (hereinafter referred to as "Hengdian Holdings"), increased his stake in the company by 2978460 shares in the form of a bulk transaction on July 17, 2019. the company's controlling shareholder, Hengdian Group Holdings Limited (hereinafter referred to as "Hengdian Holdings"), increased its stake by 2978460 shares in a bulk transaction on July 17, 2019.

Prior to this, Yang Wenhao, secretary general of the China rare Earth Industry Association, said that after decades of unremitting struggle in China's rare earth industry, and business circles, China's rare earth industry and industry have developed the advantages of rare earth resources, rare earth smelting separation, and rare earth functional materials, and are making active efforts to gradually form new advantages for the further extended application of rare earth functional materials and the development of terminal and high-end application industries. The application of rare earth functional materials and its extension of industrial chain is the focus of the future development of rare earth industry in China.

SMM believes that with the deepening of the regulation of the rare earth industry and the increasing attention to the industry, the influence of the rare earth industry in the whole economic development will reach a new height, which will promote the excellent development of the industry to an all-time high.

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