稀土，大消息！

Core Viewpoint - The article highlights the price adjustment of rare earth concentrate by two major companies, Northern Rare Earth and Baotou Steel, indicating a price increase for the first quarter of 2026 to 26,834 CNY per ton (dry weight, REO=50%) [1][4]. Group 1: Price Adjustments - Northern Rare Earth announced a price adjustment for rare earth concentrate to 26,834 CNY per ton (dry weight, REO=50%) for Q1 2026, approved in a managerial meeting [1]. - Baotou Steel also plans to adjust its related transaction price for rare earth concentrate to the same level of 26,834 CNY per ton (dry weight, REO=50%) for Q1 2026 [4]. - This new price reflects a 2.4% increase compared to the previous quarter's price of 26,205 CNY per ton [7]. Group 2: Historical Price Trends - Since Q4 2024, Northern Rare Earth and Baotou Steel have raised the transaction price of rare earth concentrate six consecutive times, with the highest increase of 37.13% occurring in Q4 2025 [7]. - The pricing formula for rare earth concentrate has remained unchanged since April 1, 2023, with quarterly adjustments based on market conditions [7]. Group 3: Market Conditions and Outlook - Recent reports indicate a general increase in rare earth concentrate prices, driven by recovering supply and stable demand, with expectations for prices to remain stable leading up to the Spring Festival [8]. - The stock prices of both Northern Rare Earth and Baotou Steel have shown stability and slight increases, with Northern Rare Earth closing at 49.41 CNY per share and Baotou Steel at 2.6 CNY per share as of January 9 [8].