The rare earth permanent magnet sector surged sharply, and Chinese rare earths hit the daily limit.

The rare earth permanent magnet sector has seen a sharp increase, with Chinese rare earth stocks hitting the daily limit. Zhongke Magnetic Materials, Fangbang Shares, and Jiuling Technology rose over 10%, while Yahan New Materials, China Rare Earth, Shenghe Resources, Northern Rare Earth, and Benlang New Materials also followed suit.