HK Stock Market Move | Scarce Resources (09936) surged over 16% this week, with the stock price up over 50% since the beginning of the week, validating the potential of the tantalum and niobium track in high-end prosperity verification.

Rare Resources (09936) surged more than 16%, with a cumulative increase of 50% in stock price this week. As of the time of writing, it rose by 16.48% to HK$20.5, with a turnover of HK$43,498,500. In terms of news, Sealand pointed out that the continued validation of strong demand at the end market has fully revealed the potential of the tantalum-niobium track. Since the beginning of 2026, global tantalum supply has been continuously tightening and ore prices have been rising rapidly. With the continuous outbreak of demand for artificial intelligence computing power, global AI infrastructure investment continues to increase, driving the continuous high demand for high-end tantalum target materials. In addition, niobium is accelerating its penetration in emerging applications, and demand is experiencing a window of high elastic growth. In the non-steel field, there is an expected increase in superconductors and optical communication. The bank believes that considering the company's high central tantalum prices, continuous improvement in profit structure, and sufficient profit potential in overseas markets, the company's overall profit has strong upward elasticity.