财联社·2025-07-10 12:47Core Viewpoint - The recent announcements from Baogang Co. and Northern Rare Earth indicate an increase in the associated transaction price for rare earth concentrates for Q3 2025, reflecting a positive trend in the industry [1][2]. Price Adjustment Mechanism - Baogang Co. and Northern Rare Earth have established a unified pricing adjustment mechanism for rare earth concentrates since April 1, 2023, allowing quarterly price adjustments based on a predetermined formula [2]. - The new price for Q3 2025 is set at 19,109 CNY/ton (excluding tax, dry weight, REO=50%), with a price adjustment of 382.18 CNY/ton for every 1% change in REO [1][2]. Historical Price Trends - The price for rare earth concentrates has shown fluctuations, with a notable decrease from 31,030 CNY/ton in Q2 2023 to 16,741 CNY/ton in Q3 2024, marking a decline of 46.05% [4]. - Since Q4 2024, the prices have begun to stabilize and increase, with the latest price reflecting a cumulative increase of 14.14% from the lowest point [4]. Company Performance - Northern Rare Earth has reported a significant increase in expected net profit for the first half of 2025, projecting a profit of 900 million to 960 million CNY, which represents an increase of 1,882.54% to 2,014.71% year-on-year [6]. - The growth in profit is attributed to improved production management, cost reduction strategies, and enhanced marketing operations, alongside ongoing project developments [6]. Market Reaction - Following the profit forecast announcement, Northern Rare Earth's stock price surged, closing at 27.01 CNY per share, with a significant volume of buy orders indicating strong market interest [6].