---
title: "Understanding the Market | JLMAG falls over 4%, with a cumulative drop of more than 20% in stock price this month as rare earth industry chain prices continue to decline"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279740307.md"
description: "JLMAG fell over 4%, with a cumulative decline of more than 20% in stock price this month. As of the time of publication, it dropped 4.61%, trading at HKD 19.86, with a transaction volume of HKD 76.3485 million. On the news front, the Baotou Rare Earth Products Exchange quoted that on March 18, the prices of mainstream rare earth products weakened overall, with the average price of praseodymium and neodymium oxide at RMB 741,900/ton, down RMB 2,400/ton; the average price of metallic praseodymium and neodymium at RMB 927,800/ton, down RMB 9,200/ton. Xiangcai Securities pointed out that on one hand, the high valuation of the sector is suppressed by the decline in market risk appetite, leading to short-term downward pressure; on the other hand, the price trend of the industrial chain remains unchanged, and under policy constraints, it is difficult to see significant increases on the supply side in the medium to long term, while the demand side still has stable growth"
datetime: "2026-03-19T07:39:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279740307.md)
  - [en](https://longbridge.com/en/news/279740307.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279740307.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279740307.md) | [繁體中文](https://longbridge.com/zh-HK/news/279740307.md)


# Understanding the Market | JLMAG falls over 4%, with a cumulative drop of more than 20% in stock price this month as rare earth industry chain prices continue to decline

According to Zhitong Finance APP, JLMAG (06680) fell over 4%, with a cumulative decline of more than 20% this month. As of the time of writing, it dropped 4.61% to HKD 19.86, with a trading volume of HKD 76.3485 million.

In terms of news, the Baotou Rare Earth Products Exchange quoted that on March 18, the prices of mainstream rare earth products weakened overall, with the average price of praseodymium and neodymium oxide at RMB 741,900/ton, down RMB 2,400/ton; the average price of praseodymium and neodymium metal at RMB 927,800/ton, down RMB 9,200/ton. Xiangcai Securities pointed out that on one hand, the high valuation of the sector is suppressed by the decline in market risk appetite, leading to short-term downward pressure; on the other hand, the price trend of the industrial chain remains unchanged, and under policy constraints, it is difficult to see significant increases in supply in the medium to long term, while the demand side still has stable growth

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