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…
Why JL Mag came unstuck, but is getting back on track
The company is going through a difficult adjustment after a plunge in the price of neodymium, a key ingredient in the rare earth permanent magnets that are its core product…
FAST NEWS: JL Mag’s profit dips on volatile rare earth prices
The latest: Rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Thursday its revenue fell 15.2% to 1.62 billion yuan ($222 million) in the third quarter, while its net…
CHINA BULLETIN: Janet Yellen’s Awkward Beijing Visit
In this week’s issue Janet Yellen’s awkward trip to Beijing, China’s new export restrictions, and Tesla’s China layoffs. On a scale of 1 to 100, we give the week a 35 for offshore-listed China stocks.
FAST NEWS: Rising Rare Earth Prices Hit JL Mag’s Margins
The latest: High-performance rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Wednesday its revenue rose 82.7% to 3.3 billion yuan ($480 million) in the first…
Good Concept, But Bad Timing? Rare Earth Producer JL Mag to List in HK
The state-owned maker of high-performance rare earth materials will complement its A-shares with a new float in Hong Kong Key takeaways: Rare earths producer JL Mag plans to raise up…