证券时报·2026-01-09 10:45Core Viewpoint - The price of rare earth concentrate has been adjusted upward for the first quarter of 2026, with both Baotou Steel and Northern Rare Earth announcing a new price of 26,834 yuan/ton (excluding tax, dry weight, REO=50%) [1][2] Group 1: Price Adjustments - Baotou Steel announced an adjustment mechanism for rare earth concentrate prices, setting the new price at 26,834 yuan/ton for Q1 2026, with a price change of 536.68 yuan/ton for every 1% change in REO [1] - Northern Rare Earth also confirmed the same price adjustment for Q1 2026, reflecting a 37% increase from the previous quarter's price of 26,205 yuan/ton [1][2] Group 2: Market Trends - Since the beginning of 2024, the trading prices of rare earth concentrates have been on the rise, indicating a tightening supply and potential demand increase due to relaxed export controls [2] - The Ministry of Commerce has been actively promoting compliant trade in rare earth magnets, suggesting a supportive regulatory environment for the industry [2] Group 3: Resource Insights - Rare earth elements consist of 17 elements and are classified into light and heavy rare earths, with heavy rare earths being rarer and primarily concentrated in China [2] - Ion-type rare earths, which are mainly heavy rare earths, account for over 80% of global heavy rare earth reserves, predominantly located in regions such as Jiangxi, Fujian, Guangdong, and Yunnan [2]