Action | 19 Dec 2025 05:27:23 ET │ 12 pages China Rare Earth Resources and Technology (000831.SZ) Rating Upgraded to Buy with TP Unchanged at Rmb61.6/sh CITI'S TAKE We upgrade China Rare Earth from Neutral to Buy, primarily driven by valuation attractiveness following recent share price correction, with incremental policy clarity providing additional downside support. We view the recent correction in China's rare earth equities as a healthy valuation reset and a strategic buying opportunity, rather than a d ...

Company Overview - Neo Performance Materials Inc. is focused on advanced industrial materials and is headquartered in Toronto, Canada [5] - The company manufactures critical components for modern technologies, including magnetic powders, rare earth magnets, specialty chemicals, and alloys [5] - Neo operates in three segments: Magnequench, Chemicals & Oxides, and Rare Metals, with a global manufacturing presence [5] Recent Highlights - The company reported approximately $19 million in Adjusted EBITDA for Q2 2025, representing a year-over-year increase of about 42% [8] - Full-year 2025 Adjusted EBITDA guidance has been raised to a range of $64–68 million, up from the previous guidance of $55–60 million [8] - Neo secured additional Tier 1 and OEM customers in Europe, and its Permanent Magnet strategy was highlighted at the G7 Summit [8] - The construction of the Heavy Rare Earth Pilot Line at the Silmet Facility is advancing, with completion expected by the end of 2025 [8] Upcoming Events - Jonathan Baksh, Executive Vice President & Chief Financial Officer, will present at the Clean Energy Metals Virtual Investor Conference on August 28, 2025 [1] - The event will include live Q&A sessions, and an archived webcast will be available for those unable to attend [2]