Tungsten May Relay Rare Earth as Next Strategic Resource Concept Stock

Tungsten as well as other rare metals may relay rare earth to be the future strategic resource concept stock based on the recent market performance. Recent rise of rare earth leading stocks is staggering. Jinli permanent magnets (62.300, 2.50, 4.18%) have seen the largest increase of more than 3 times since the end of the period at 18.44 yuan on 8th May; 

Zhenghai Magnetic Materials (8.720, -0.02, - 0.23%), Galaxy magnets (22.720, 0.17, 0.75%) and other stocks have doubled increased in the past month. The concept stock of rare earth permanent magnets continuing to soar, this is highly correlated with policy stimulus. 

Zhongtai Securities believes that rare earth, tungsten, antimony and bismuth are typical “China's dominant rare metals”, especially the first three kinds, with the most solid resource advantages, they are also widely and centrally distributed in “Inner Mongolia, Jiangxi, Fujian, Hunan, Guangdong, Guangxi, Sichuan Province as well as other places. Among them, China's rare earth resource reserves the global share is 30%, accounting for 80% of its production. The resource reserves of tungsten, strontium and barium all accounted for more than 40% of the world's total, while the proportion of production has exceeded 70%.

Zhongtai Securities believes that the reason why rare metals are favored and concerned is their indispensable functional material properties, and the relative concentration of supply and distribution. Rare metal is expected to become more and more important considering the development and security of a country's economy and military.

So, what stocks in the A-share market that belong to the national strategic mineral resources concept stocks? Though screening based on the main products, total is 28 stocks. Among them, concept stocks of rare earths includes 8 shares: CNPT (5.670, -0.02, -0.35%), China Minmetals Rare Earth (17.400, -0.19, -1.08%), and Northern Rare Earth (13.130, -0.15, -1.13%) etc. Magnetic concept includes 6 stocks such as Yingluohua (7.650, 0.08, 1.06%), DMEGC (7.770, -0.09, -1.15%), and Sinosteel Tianyuan (12.270, 1.12, 10.04%) etc. Tungsten concept stocks include Tungsten High-tech (7.500, -0.16, -2.09%), Orient tantalum industry (8.480, -0.13, -1.51%), Western Materials (9.240, 0.02, 0.22%) etc. As well as other rare metal concept stocks, not all of them are listed here

As the national strategic mineral resource concept leader, rare earth permanent magnets company was the first company to launch. Among them, Jinli permanent magnet has seen the largest increase of more than 3 times since the end of the period at 18.44 yuan on May 8. In just one month and more time, the stock has won a total of 13 daily limit. In other stocks, Zhenghai Magnetic Materials, Galaxy Magnet and other stocks have doubled increased in the past month.

The rare earth faucet stocks have skyrocketed three times in a month, who is the next leader? From the recent market performance, the tungsten concept stocks performed quite strongly. Zhangyuan Tungsten Industry (7.630, -0.02, -0.26%) has three consecutive daily limits. It is stronger than other rare metals.

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