Hunt for rare earths gets harder as JL MAG quits Australia deal
The Chinese producer of magnetic materials has dropped plans to invest in an Australian minerals firm after the target pivoted towards North American partners Key Takeaways: The plan was meant…
JL Mag forecasts big first-half profit increase
Rare-earth magnetic materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) on Wednesday forecast it will report a net profit for the first half of this year of 400 million…
BRIEF: JL Mag profit jumps over 20% in first quarter
Rare-earth magnetic materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Wednesday its revenue rose 16.05% year-on-year in the first quarter to 2.04 billion yuan ($299 million), while…
BRIEF: JL Mag licensed to supply Europe, U.S. as China eases rare earth controls
Rare earth magnetic materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) disclosed on Wednesday it has obtained export permits covering the U.S., Europe and Southeast Asia after China imposed…
JL Mag fortified by strategic status of rare earths in U.S.-China trade war
The state-owned maker of rare earth magnets reported strong profit growth in the first quarter, reversing two years of declines Key Takeaways: As a maker of rare earth magnets that…
FAST NEWS: Rosefinch fund cuts JL Mag stake for eighth time this year
The Latest: Institutional investor Rosefinch Fund Management disclosed it sold about 850,000 Hong Kong-listed shares of rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) on April 8 at an average…
CHINA BULLETIN: China Further Extends Its Welcome Mat for Foreign Investors
In this week’s issue banks get creative, a doctor gets probed, and Apple’s Tim Cook can’t get enough of China. On a scale of 1 to 100, we give the…
