Shenghe Resources Reports 18.5M MT Rare Earth Reserves at Tanzania Project, Awaits Approval for Smelting Capacity

Published: Feb 28, 2026 10:01

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Shenghe Resources (600392.SH) stated on the investor interaction platform that the Ngualla rare earth ore project in Tanzania, operated by its controlling subsidiary Peak Resources, has proven rare earth reserves of 18.5 million mt with an average grade of 4.8%, equivalent to 887,000 mt of REO. The company's rare earth smelting and separation capacity is subject to the approval and announcement by the competent industry authority, and its total rare earth metal capacity is approximately 34,000 mt.

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