Pr-Nd Oxide Price Rises to 720,000-725,000 Yuan/mt Amid Futures Fluctuations

The Meeting of the Leading Group for the Construction of Baotou Municipal Party Committee’s “Two Rare Earth Bases” Was Held. Chen Zhichang, Secretary of the Municipal Party Committee, presided over the meeting. Meng Qingwei, Deputy Secretary of the Municipal Party Committee and Mayor, and Zhou Qiang, Deputy Secretary of the Municipal Party Committee and Secretary of the Political and Legal Affairs Commission, attended. The meeting heard a report on the work in 2025 and the work arrangements for 2026, and reviewed documents including the R&D directions in key fields for the 15th Five-Year Plan.

China Northern Rare Earth (600111) consecutively issued two investment announcements, simultaneously advancing two major projects—10kt of rare earth metal alloys and 10kt of cerium-containing NdFeB magnetic materials—through a model featuring one controlling stake, one equity participation, and upstream-downstream coordination, so as to accelerate the development of the “two rare earth bases” and the upgrading of the entire industry chain. Both of the above investment proposals were unanimously approved by the company’s board of directors, and China Northern Rare Earth’s total investment in the two projects amounted to approximately 228 million yuan.

On March 12, Liu Leiyun, Party Secretary and Chairman of China Rare Earth Group, held a working meeting at the headquarters with Yuan Xu, Party Secretary and Executive Director of China National Nuclear Uranium Co., Ltd., and his delegation.