The transaction price of rare earth concentrate between China Northern Rare Earth and Bao Gang United Steel rose 1.11% QoQ in Q2 [SMM Express].

China Northern Rare Earth announced on the evening of April 9: According to the rare earth concentrate pricing method and the Q1 2,025 rare earth oxide prices, after calculation and approval at the 6th general manager's office meeting of 2,025, the Q2 2,025 rare earth concentrate transaction price was adjusted to 18,825 yuan/mt (dry weight, REO=50%), excluding tax. For every 1% increase or decrease in REO, the price excluding tax increases or decreases by 376.50 yuan/mt. The price of 18,825 yuan/mt increased by 207 yuan/mt compared to the Q1 2,025 transaction price of 18,618 yuan/mt, up 1.11% QoQ. The Q2 rare earth concentrate transaction price between China Northern Rare Earth and Bao Gang United Steel increased by 1.11% QoQ. The announcement from China Northern Rare Earth on the evening of April 9 showed that the company held the 25th meeting of the 8th board of directors and the first extraordinary general meeting of shareholders of 2,023 on March 14 and March 30, 2,023, respectively, and reviewed and approved the "Proposal on the Pricing Mechanism for Daily Related Party Transactions of Rare Earth Concentrate and the Execution of 2,022 and the Forecast of 2,023." The company agreed with its related party, Inner Mongolia Bao Gang Steel Union Co., Ltd., that from April 1, 2,023, under the condition that the rare earth concentrate pricing formula remains unchanged, the company's management will calculate and adjust the rare earth concentrate price in the first ten days of each quarter, and re-sign the rare earth concentrate supply contract or supplementary agreement and announce it. According to the rare earth concentrate pricing method and the Q1 2,025 rare earth oxide prices, after calculation and approval at the 6th general manager's office meeting of 2,025, the Q2 2,025 rare earth concentrate transaction price was adjusted to 18,825 yuan/mt (dry weight, REO=50%), excluding tax. For every 1% increase or decrease in REO, the price excluding tax increases or decreases by 376.50 yuan/mt. The Q2 rare earth concentrate transaction price increased by 207 yuan/mt compared to the Q1 transaction price of 18,618 yuan/mt, up 1.11% QoQ. China Northern Rare Earth announced on January 9 that according to the rare earth concentrate pricing method and the Q4 2,024 rare earth oxide prices, after calculation and approval at the 1st general manager's office meeting of 2,025, the Q1 2,025 rare earth concentrate transaction price was adjusted to 18,618 yuan/mt (dry weight, REO=50%), excluding tax. For every 1% increase or decrease in REO, the price excluding tax increases or decreases by 372.36 yuan/mt. Compared with the Q4 2,024 rare earth concentrate transaction price of 17,782 yuan/mt, it increased by 836 yuan/mt, up 4.7% QoQ. China Northern Rare Earth announced on the evening of October 9, 2,024: According to the rare earth concentrate pricing method and the Q3 2,024 rare earth oxide prices, after calculation and approval at the 19th general manager's office meeting of 2,024, the Q4 2,024 rare earth concentrate transaction price was adjusted to 17,782 yuan/mt (dry weight, REO=50%), excluding tax. For every 1% increase or decrease in REO, the price excluding tax increases or decreases by 355.64 yuan/mt. Compared with the Q3 2,024 price of 16,741 yuan/mt, it increased by 1,041 yuan/mt, up 6.22% QoQ. China Northern Rare Earth announced on the evening of July 9, 2,024: According to the rare earth concentrate pricing method and the Q2 2,024 rare earth oxide prices, after calculation and approval at the 13th general manager's office meeting of 2,024, the Q3 2,024 rare earth concentrate transaction price was adjusted to 16,741 yuan/mt (dry weight, REO=50%), excluding tax. For every 1% increase or decrease in REO, the price excluding tax increases or decreases by 334.82 yuan/mt. Compared with the Q2 2,024 price of 16,792 yuan/mt, it decreased by 51 yuan/mt, down 0.3% QoQ. China Northern Rare Earth announced on the evening of April 9, 2,024: According to the rare earth concentrate pricing method and the Q1 2,024 rare earth oxide prices, after calculation and approval at the 6th general manager's office meeting of 2,024, the Q2 2,024 rare earth concentrate transaction price was adjusted to 16,792 yuan/mt (dry weight, REO=50%), excluding tax. For every 1% increase or decrease in REO, the price excluding tax increases or decreases by 335.84 yuan/mt. Compared with the Q1 2,024 price, it decreased by 3,945 yuan/mt, down 19.02% QoQ. China Northern Rare Earth announced on the evening of January 9, 2,024: According to the rare earth concentrate pricing method and the Q4 2,023 rare earth oxide prices, after calculation and approval at the 1st general manager's office meeting of 2,024, the Q1 2,024 rare earth concentrate transaction price was adjusted to 20,737 yuan/mt (dry weight, REO=50%), excluding tax. Compared with the Q4 2,023 price, it increased by 201 yuan/mt, up 0.98% QoQ. The Q2 rare earth concentrate transaction price between Bao Gang United Steel and China Northern Rare Earth continued the QoQ increase trend of Q1 this year. The Q1 rare earth concentrate transaction price between Bao Gang United Steel and China Northern Rare Earth increased by 4.7% QoQ. Reviewing the changes in the rare earth concentrate transaction price between Bao Gang United Steel and China Northern Rare Earth in 2,024, it can be seen that the Q1 2,024 rare earth concentrate transaction price of China Northern Rare Earth increased slightly QoQ, the Q2 2,024 rare earth concentrate transaction price of China Northern Rare Earth decreased significantly QoQ, the Q3 2,024 rare earth concentrate transaction price of China Northern Rare Earth decreased slightly QoQ, close to flat, and the Q4 2,024 rare earth concentrate transaction price of China Northern Rare Earth increased QoQ.