Shenghe Resources Expects H1 Net Profit to Surge 112.25%-146.75% YoY Amid Strong Rare Earth Demand

Published: Jul 10, 2026 18:29

Save

Shenghe Resources: expects H1 net profit to be 800 million to 930 million yuan, up 112.25% to 146.75% YoY; during the reporting period, driven by factors such as rare earth industry policies and downstream demand, market demand for major rare earth products improved overall, and the average selling price of products increased significantly compared to the previous year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 mins ago

Copper Market Sees Tight Supply, Backwardation Amid Off-Season and Typhoon Disruptions

6 mins ago

1 hour ago

Data: SHFE, DCE market movement (Jul 13)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 13 Jul , 2026

1 hour ago

Backwardation Spread Widened to 200 Yuan/mt, Shanghai Spot Copper Premiums Continued to Climb [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, SMM data shows Shanghai social inventory at 85,600 mt, down 19,200 mt WoW from last Thursday, and Jiangsu social inventory at 26,400 mt, down 4,600 mt WoW, indicating rapid destocking. Social inventory has fallen by approximately 60,000 mt over the past two weeks, keeping available spot cargoes persistently tight. According to SMM, the arrival of domestic spot cargoes at some warehouses has remained low, limiting supply-side growth. The backwardation price spread between monthly contracts significantly widened to 200 yuan/mt, leading to higher costs for warehouse warrant transfers and somewhat boosting suppliers’ willingness to sell, but the sentiment to hold prices firm remains. The import window is wide open, but given logistics and customs clearance delays, near-term spot market replenishment will remain limited. In summary, driven by rapid destocking, a widening backwardation structure, and firm supplier pricing, SHFE spot copper is expected to maintain a premium against the 2607 contract tomorrow.

1 hour ago