Baotou Steel Co., Ltd. Rare Earth Steel profit Prospect optimistic rare Earth products only supply rare Earth in the North is in line with national policy

Recently, some investors asked Baotou Steel shares that your company, as the largest supplier of rare earths, only sells to Northern rare earths. Is this non-market-oriented behavior against the monopoly law?

In response, Baotou Steel replied that the state implements strict mandatory planning management over the rare earth industry, and all compliant rare earth enterprises belong to six major rare earth groups, and rare earth raw material products can only be sold to six major groups. the common practice of the six major groups is that raw materials are supplied only within the group and will not be sold to other groups. Northern rare earths are the leading separation enterprises in the six major groups, accounting for about 50% of the market share. The company's rare earth products exclusively supply northern rare earths, which is in line with the national industrial policy.

In addition, with regard to the development of the company's rare earth steel, Baotou Steel also said that the application of rare earths in iron and steel can significantly improve the performance of steel, which is welcomed by users and has an optimistic profit prospect.