Production of the two major mines in the Democratic Republic of the Congo (DRC) hit a record high in a single quarter, and the net profit of the Luoyang Molybdenum industry increased more than fivefold in Q1 | Financial Report Interpretation

① Luoyang Molybdenum's Q1 net profit increased more than fivefold; ② KFM and TFM production of the two major copper-cobalt mines in the Democratic Republic of the Congo (DRC) reached record highs in the first quarter.

cls.cnApr 29 21:17

Northern rare earth listing prices “stopped falling” in April industry: related to expectations of tightening rare earths supply|Industry News

① After experiencing “three consecutive declines” in listing prices in the first quarter of this year, the Northern rare earth listing price temporarily “stopped falling” in the first month of the second quarter; ② analysts believe that holding flat and falling in April is beneficial to stabilizing market sentiment; ③ it is reported that the month-on-month flat listing price in April is related to expectations of tightening rare earth supply.

cls.cnApr 1 22:14

It plans to increase capital by 2 billion dollars, a subsidiary of Northern Rare Earth, to accelerate the construction of the world's largest rare earth raw material base

① Northern Rare Earths plans to increase the capital of Huamei by 2 billion yuan in cash to provide it with the financial support required for project construction; ② Northern Rare Earths said that the overall goal of the project is to build the world's largest, highest quality, most efficient, the strongest technology, and the best environmental protection.

cls.cnMar 8 22:28

The price of praseodymium oxide hit a new low for more than three years, and the listing price of rare earths in northern China continued to “dive” in March, and the market expects Q2 rare earth concentrate price adjustments

① Industry insiders believe that the continuous decline in the listing price of rare earths in the north in the first quarter reflects a slight oversupply. Under this situation, the market will take the lead in paying attention to the rare earth concentrate trading prices of North China and Baogang Co., Ltd. in the second quarter; ② Analysts said that if spot market prices never rise, not only will they not receive orders in the later downstream stages, but they may also face the risk of losing an order.

cls.cnMar 1 20:29

Northern rare earths have continuously lowered their listing prices, and the prices of several rare earth products have “dived” |Industry News

As we enter the new year, rare earth prices don't seem to be getting warmer. As an industry trend vane, Northern Rare Earth (600111.SH)'s newly determined listing price for rare earth products in February 2024 has once again attracted market attention.

cls.cnFeb 1 22:25

Shenghe Resources' net profit pre-cut by more than 70% Q4 net profit is close to the sum of net profit for the first three quarters of last year|Financial Report Interpretation

① In the fourth quarter of 2023, Shenghe Resources achieved net profit of about 142 million yuan to 232 million yuan. The net profit for a single quarter was close to the total net profit for the first three quarters of last year; ② Shenghe Resources mainly engaged in the rare earth import mining business, and exports of rare earth products showed an overall trend of “volume parity reduction” last year.

cls.cnJan 30 20:56