China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd: A Surge in Rare Earth and Permanent Magnet Stocks

In a remarkable turn of events on July 18, 2025, the rare earth and permanent magnet sector experienced a significant surge, with stocks like North Rare Earth, Huahong Technology, and Zhongse Group soaring to their 52-week highs. This bullish trend was highlighted by North Rare Earth and Huahong Technology hitting their maximum price limits, while Huahong Technology and Huanxin Environmental Protection saw their shares jump by over 17%. Other companies such as Benlong New Material, Zhongke Magnetics, Shenghe Resources, and Xizhi Technology also enjoyed substantial gains.

The catalyst behind this surge appears to be the robust performance reported in the mid-year financial results of several companies within the sector. Notably, Huahong Technology projected an impressive net profit increase of 3047% to 3722% for the first half of the year, while North Rare Earth anticipated a net profit growth of 1883% to 2015%. These projections have evidently fueled investor confidence, driving the stocks higher.

China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd, a key player in the rare earth industry, stands to benefit from this sector-wide upswing. As a company specializing in international contracted nonferrous metal projects, it exports engineering technologies, equipment, and labor services through its subsidiaries. Additionally, it produces rare earth materials and manages real estate, while also providing internet services. Listed on the Shenzhen Stock Exchange, the company has a market capitalization of 11,472,031,544 CNY and a price-to-earnings ratio of 32.1062.

Despite the positive momentum in the rare earth and permanent magnet sector, it’s worth noting that Zhongse Group clarified it had no involvement in the national uranium project, dispelling rumors and maintaining transparency with its investors.

As the sector continues to thrive, driven by strong financial performances and growing demand for rare earth materials and permanent magnets, companies like China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd are well-positioned to capitalize on the opportunities presented by this dynamic market environment. Investors and market watchers will undoubtedly keep a close eye on the developments in this sector, anticipating further growth and innovation.