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Big changes! China Northern Rare Earth cancels the listing price and adopts the real-time Quote from the Rare Earth Exchange. Is the Trade for rare earth prices based on the "Baotou Index" being put on the agenda?
① Starting from January 2025, China Northern Rare Earth will no longer publish listed prices, and future long-term contract prices will use the real-time Quote from the Rare Earth Exchange; ② The Rare Earth Exchange will collect prices, and the landscape of rare earth Quote merchants will undergo a "major reshuffle," and the related Trade prices of rare earth concentrates may also change; ③ China Northern Rare Earth adopting the Quote from the Rare Earth Exchange is more fundamentally aimed at creating a rare earth price trading "Baotou Index."
China Northern Rare Earth Ties Up With Xiamen Tungsten's Unit to Set Up 300 Million Yuan Joint Venture
China Northern Rare Earth (600111.SH): plans to establish a joint venture with 0.153 billion yuan to build a rare earth oxide separation production line project.
Glory Holdings reported on December 30 that China Northern Rare Earth (600111.SH) announced that the company plans to invest 153 million yuan with its own funds to jointly establish Northern Jinlong (Baotou) Rare Earth Co., Ltd. (tentative name, subject to final approval by the market supervision and administration department, hereinafter referred to as the new company) in partnership with Fujian Jinlong Rare Earth Co., Ltd., in which the company holds a stake. The new company intends to construct a 5,000-ton rare earth oxide separation production line project. The registered capital of the new company is proposed to be 300 million yuan, with the company holding 51% of the equity, making it the controlling shareholder; Jinlong Rare Earth holds 49% of the new company.
Investors in China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Have Seen Stellar Returns of 108% Over the Past Five Years
China Northern Rare Earth (600111.SH): The company does not produce products related to Niobium Metal.
Gelonghui reported on December 11 that China Northern Rare Earth (600111.SH) stated on the interactive platform that the Baiyun Obo mine is rich in niobium resources, and the company does not produce niobium metal related products.
Here's Why China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Can Manage Its Debt Responsibly
FaqnDeath99 : Very nice and thorough, thank you