Rare Earth Permanent Magnet Stocks Surge on August 7, 2026

On August 7, 2026, the rare earth permanent magnet sector staged a sharp intraday rally. China Rare Earth hit the daily limit, Zhongke Magnetic Industry surged 14.52%, and Youyan New Material rose 8.45%. Fangbang shares gained more than 10%, while Zhongxi Rare Earth, Shenghe Resources, and Northern Rare Earth each advanced over 5%. Multiple stocks in the sector moved up in tandem, with markedly higher trading activity.