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Why We're Not Concerned About China Northern Rare Earth (Group) High-Tech Co.,Ltd's (SHSE:600111) Share Price
Tianfeng Securities: The growth rate of rare earth mining indicators is slowing down, and the bullish trend on the supply side is accelerating.
At the current point in time, the slowing down of the growth rate of the second batch of rare earth indicators will further boost industry confidence.
China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Has Some Way To Go To Become A Multi-Bagger
China Northern Rare Earth (600111.SH): Smi Vantage's existing production line has the ability to recycle waste materials.
On July 18th, GeLong Hui reported that China Northern Rare Earth (600111.SH) recently stated during its reception of institutional investors that the company has been laying out the industry of comprehensive utilization of secondary resources. Its subsidiaries, Baotou Jinmeng Rare Earth Co., Ltd. (hereinafter referred to as Jinmeng Rare Earth) and Xinfeng Baogang Xinli Rare Earth Co., Ltd. (hereinafter referred to as Xinfeng Xinli), are engaged in waste recycling. Jinmeng Rare Earth is constructing a waste recycling production line, which is expected to be put into operation next year; Xinfeng Xinli's existing production line has the ability to recycle waste. The main recycling channels include oil sludge generated from magnet processing, scrap edges and corners cut off, and disassembled and recycled by the society.
China Northern Rare Earth (600111.SH): There is less possibility of significant fluctuations in rare earth prices in the short term.
China Northern Rare Earth (600111.SH) recently stated during a reception for institutional investors that the fluctuation of rare earth prices in the first and second quarters of this year was small. As the rare earth industry runs more and more regularly, the market is gradually becoming mature, and the possibility of significant price fluctuations in the short term is small. Although the downstream application field of the rare earth industry maintains a growth trend, the turning point of the market rebound still depends on the overall economic situation. The upstream supply of rare earths is relatively stable. If the economic situation is good and consumer demand increases, the price will change accordingly.
China Northern Rare Earth (600111.SH): The second batch of total control indicators is usually released in the third quarter.
In a recent reception for institutional investors, China Northern Rare Earth (600111.SH) stated that the total volume control indicators for the first batch of rare earth mining, smelting and separation will be issued on February 2, 2024. Judging from the notification times of the total volume control indicators for rare earths released by the Ministry of Industry and Information Technology and the Ministry of Natural Resources in recent years, the first batch of total volume control indicators are usually released in the first quarter, and the second batch of total volume control indicators are usually released in the third quarter.
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