Group 1 - The core point of the article is that Northern Rare Earth (SH 600111) held its second temporary board meeting for 2025 on December 10, 2025, to discuss the election of committee members [1] - For the fiscal year 2024, Northern Rare Earth's revenue composition is as follows: industrial sector accounts for 73.61%, commercial sector for 21.39%, environmental protection sector for 4.51%, and other businesses for 0.49% [1] - As of the report date, Northern Rare Earth has a market capitalization of 167.7 billion yuan [1]

中国北方稀土（集团）高科技股份有限公司 经理层工作规则 （2025 年 12 月 10 日公司第九届董事会第九次会议修订通过） 第一章 总则 第一条 为进一步完善公司的法人治理结构和经营运作体系，明 确公司经理层的工作权限，规范经理层履职行为，提高议事能力和决 策效率，保证公司经理层依法行使职权、履行义务，优化公司治理， 促进规范运作，依照《中华人民共和国公司法》（以下简称《公司法》） 和公司《章程》以及其他有关规定，制定本规则。 第二条 经理层是公司的执行机构，负责执行董事会的决策，接 受董事会的监督，行使谋经营、抓落实、强管理职责。 公司总经理、董事会秘书由公司董事长提名，董事会聘任或解 聘；副总经理、财务总监、总工程师、首席合规官由公司总经理提名， 董事会聘任或解聘。 总经理、董事会秘书对董事会负责，其他经理层成员对总经理 负责。经理层成员每届任期与公司董事会任期相同，为三年，任期届 满，经董事会聘任，连聘可以连任。经理层成员可以在任期届满前提 出辞任。有关经理层成员辞任的具体程序和办法由其与公司之间的劳 动合同规定。 公司董事会违反法律法规及公司章程等规定聘任的经理层成员， 该聘任无效。经理层成员任职 ...

证券代码：600111 证券简称：北方稀土 公告编号：2025-064 中国北方稀土（集团）高科技股份有限公司 2025年第二次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一) 股东大会召开的时间：2025 年 12 月 10 日 (二) 股东大会召开的地点：公司办公楼三楼多功能会议室 (三) 出席会议的普通股股东及其持有股份情况： | 1.出席会议的股东和代理人人数 | 5,188 | | --- | --- | | 2.出席会议的股东所持有表决权的股份总数（股） | 1,692,761,328 | | 3.出席会议的股东所持有表决权股份数占公司有 | 46.8251 | | 表决权股份总数的比例（%） | | (四) 表决方式是否符合《公司法》及公司《章程》的规定，大 会主持情况等。 本次股东大会由公司董事会召集，公司董事长刘培勋先生主持。 会议采用现场投票与网络投票相结合的方式表决。本次股东大会的召 集、召开、表决程序符合《公 ...

致：中国北方稀土（集团）高科技股份有限公司 内蒙古建中律师事务所（以下称"本所"）受中国北方稀土（集团）高科技 股份有限公司（以下称"贵公司"或"公司"）的委托，指派本所执业律师郭瑞 鹏、杨明（以下称"本所经办律师"）出席了贵公司 2025 年第二次临时股东大 会（以下称"本次股东大会"），并根据《中华人民共和国证券法》（以下称"《证 券法》"）、《中华人民共和国公司法》（以下称"《公司法》"）和中国证监 会《上市公司股东会规则》（以下称"《股东会规则》"）等法律、法规和规范 性文件以及《中国北方稀土（集团）高科技股份有限公司章程》（以下称"《章 程》"）的规定，就本次股东大会的召集、召开程序、出席会议人员资格以及表 决程序和表决结果的合法有效性出具本法律意见书。 内蒙古建中律师事务所 关于中国北方稀土（集团）高科技股份有限公司 2025 年第二次临时股东大会的法律意见书 2025 内建中券意字第 28 号 为出具本法律意见书，本所经办律师已对本次股东大会所涉及的有关事项及 文件资料进行了必要的核查和验证，且贵公司已对前述资料的真实性和准确性向 本所作了保证。 本法律意见书仅供贵公司为本次股东大会的适当目的使 ...

证券代码：600111 证券简称：北方稀土 公告编号：2025-065 中国北方稀土（集团）高科技股份有限公司 第九届董事会第九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 中国北方稀土（集团）高科技股份有限公司（以下简称公司）于 2025 年 12 月 10 日下午公司 2025 年第二次临时股东大会后，以现场 结合视频通讯表决方式召开了第九届董事会第九次会议。会议应出席 董事 14 人，亲自和委托出席董事 14 人，其中：独立董事戴璐女士因 工作原因未能亲自出席会议，书面授权委托独立董事李星国先生代为 出席并行使表决权；独立董事吴绍朋先生以视频形式参会表决。会议 召开程序符合《中华人民共和国公司法》、公司《章程》和《董事会 议事规则》的规定。 二、董事会会议审议情况 （一）通过《关于补选公司董事会专门委员会委员的议案》； 因工作调整，白宝生先生不再担任公司董事、董事会战略与 ESG 委员会委员职务，张丽华女士不再担任公司董事、董事会薪酬与考核 委员会委员职务；因个人工作原因，杜颖女 ...

截至2025年12月10日 14:39，中证细分有色金属产业主题指数(000811)强势上涨1.01%，成分股盛新锂能(002240)上涨6.33%，国城矿业(000688)上涨4.82%， 雅化集团(002497)上涨4.36%，白银有色(601212)，山金国际(000975)等个股跟涨。有色金属ETF基金(516650)上涨0.87%，最新价报1.73元。拉长时间看，截 至2025年12月9日，有色金属ETF基金近1周累计上涨0.70%。（以上所列股票仅为指数成份股，无特定推荐之意） | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 201899 | 紫金矿业 | 0.86% | 16.32% | | 600111 | 北方稀土 | -0.90% | 6.60% | | 603993 | 洛阳辑业 | 0.68% | 5.96% | | 603799 | 华友钻业 | -0.46% | 5.22% | | 600547 | 山东黄金 | 1.01% | 3.85% | | 002460 | 赣锋锂业 | 1.30% | 3.72% | | 60 ...

Group 1 - The core viewpoint of the articles indicates a positive trend in the non-ferrous metal industry, driven by expectations of monetary policy changes from the Federal Reserve, which may lead to increased prices for metals like copper and aluminum [1][2]. - As of December 10, 2025, the non-ferrous metal industry index (399395) rose by 0.74%, with significant gains in stocks such as Yunnan Zhenye (6.35%) and Guocheng Mining (6.28%) [1]. - The non-ferrous ETF fund (159880) also saw an increase of 0.34%, reflecting the overall positive sentiment in the market [1]. Group 2 - According to Guokai Securities, the refined copper market is expected to face a supply tightness in 2026, leading to a bullish outlook for copper prices, especially if the Federal Reserve implements a significant easing policy [2]. - The forecast for aluminum indicates considerable uncertainty in supply-demand balance, but financial factors may dominate, with expectations that aluminum prices could exceed $3,000 per ton in London and 23,000 yuan per ton in Shanghai in 2026 [2]. - The top ten weighted stocks in the non-ferrous metal industry index account for 52.34% of the index, highlighting the concentration of market performance among these key players [3].

Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Insights - The report highlights a significant increase in exports to the United States, with rare earth prices expected to recover [2] - Supply constraints are strengthening demand, leading to a potential price recovery in the rare earth sector [8] - The report suggests focusing on leading companies with resource quotas and technological advantages in the rare earth industry [8] Summary by Sections Export Dynamics - In October 2025, China exported 5,473 tons of permanent magnets, a slight month-on-month decrease of 5.2% but a year-on-year increase of 15.8% [8] - Exports to the United States saw a substantial month-on-month increase of 56.1%, totaling 656 tons, with a year-on-year growth of 4.5% [8] - The cumulative export quantity for the first ten months of 2025 was 45,290.5 tons, reflecting a year-on-year decrease of 5.2% [8] Price Trends - The export value of rare earths in October was 1.92 billion RMB, a slight decrease of 4.7% month-on-month, with a per-ton price of 350,300 RMB [8] - The price of praseodymium-neodymium oxide fluctuated, reaching a high of 563,600 RMB per ton and dropping to a low of 501,300 RMB before recovering to 535,600 RMB by the end of October [8] Supply and Demand Outlook - Supply constraints are expected to persist due to slow growth in domestic rare earth mining quotas and geopolitical issues affecting imports [8] - Demand is anticipated to strengthen due to seasonal peaks in the electric vehicle and wind power sectors, alongside new production in humanoid robots [8] - The report predicts a sustained tight balance in supply and demand, with rare earth prices likely to rise steadily [8] Investment Recommendations - Short-term focus on global high-performance magnet leaders, particularly Jinli Permanent Magnet (300748, Buy) [8] - Long-term focus on leading companies in the rare earth industry, such as Northern Rare Earth (600111, Buy), benefiting from an optimized supply structure [8]

Core Viewpoint - The company emphasizes the importance of confidentiality as a vital component of national security and corporate integrity, implementing a comprehensive confidentiality management system to ensure operational security and efficiency [1][6]. Group 1: Strengthening Organizational Leadership and Responsibility - The company has established a confidentiality committee led by the party secretary, ensuring that confidentiality responsibilities are clearly defined and implemented across all levels [2][7]. - A responsibility system has been put in place, including signing confidentiality agreements with key personnel and establishing a management ledger for confidential matters [2][7]. Group 2: Institutional Safeguards and Long-term Mechanisms - The company enforces strict adherence to confidentiality regulations through systematic learning and regular supervision, ensuring compliance with national laws and internal policies [3][8]. - Regular inspections and feedback loops are established to address any identified risks or issues promptly [3][8]. Group 3: Education and Awareness - The company promotes a culture of confidentiality through various educational initiatives, ensuring that employees are well-informed about confidentiality laws and practices [4][9]. - Training programs and online learning platforms have been utilized, resulting in over 100 hours of cumulative training for employees, with a 100% pass rate in quarterly assessments [4][9]. Group 4: Focus on Key Areas and Enhanced Management - The company implements rigorous management of confidential personnel and materials, ensuring that all sensitive information is controlled throughout its lifecycle [5][10]. - Upgraded security measures for confidential areas include physical barriers and advanced monitoring systems, alongside strict protocols for document handling and storage [5][10].

日前，上海证券交易所发布《关于上证50、上证180、上证380等指数定期调整结果的公告》。公告显 示，根据指数规则，经指数专家委员会审议，上海证券交易所拟将北方稀土(600111.SH)等多只股票调 入上证50指数成分股，调整情况将于2025年12月12日收市后生效。值得注意的是，这是北方稀土在2025 年年内第二次跻身核心宽基指数——此前公司已成功纳入中证A50指数，成为年内同时斩获两大核心指 数"入场券"的稀缺战略资源标的，其投资价值与行业龙头地位得到资本市场高度认可。 在新质生产力加速发展的背景下，北方稀土的战略价值愈发凸显。作为全球稀土产业链的关键枢纽，公 司背靠白云鄂博矿这一国内稀土核心资源，原料供应稳定且成本可控。背靠资源优势，政策红利与技术 壁垒共同构筑起公司的双重护城河。2024年10月施行的《稀土管理条例》以行政立法形式覆盖稀土全产 业链，有效遏制稀土行业内的非法开采、无序竞争等乱象，推动稀土产业从"资源粗放输出"向"高质量 合规发展"转型;2025年10月商务部对稀土相关技术实施出口管制，11月稀土新政明确"合规即放行"原 则，既守住国家战略资源安全底线，又强化了中国在全球稀土市场的定价权 ...