Zhong Guo Zheng Quan Bao·2026-01-09 13:50Core Viewpoint - Two major rare earth companies, Northern Rare Earth and Baotou Steel, announced a price increase for rare earth concentrate for the first quarter of 2026, setting the new price at 26,834 yuan per ton (excluding tax, dry weight, REO=50%) [2][4]. Group 1: Price Adjustments - Northern Rare Earth announced the new price of 26,834 yuan per ton for the first quarter of 2026, with a price adjustment of 536.68 yuan per ton for every 1% change in REO [3][4]. - The previous price for the fourth quarter of 2025 was set at 26,205 yuan per ton, with a corresponding adjustment of 524.1 yuan per ton for every 1% change in REO [5]. - Northern Rare Earth has increased its rare earth concentrate prices for six consecutive quarters, with the last six prices being 26,205 yuan, 19,109 yuan, 18,825 yuan, 18,618 yuan, 17,782 yuan, and 16,741 yuan per ton [3]. Group 2: Company Performance - Northern Rare Earth reported a revenue of 30.292 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 40.50%, and a net profit of 1.541 billion yuan, up 280.27% year-on-year [6]. - Baotou Steel reported a revenue of 48.08 billion yuan for the first three quarters of 2025, showing a year-on-year decline of 3.58%, but achieved a net profit of 233 million yuan, marking a return to profitability [7]. Group 3: Market Dynamics - The price of rare earth products is influenced by various factors including market supply and demand, costs, and expectations, with current prices gradually increasing [6].