No Data
China Northern Rare Earth (600111.SH): Intends to invest in and jointly establish Inner Mongolia BaoSteel Xin Energy Co., Ltd.
GeLongHui November 21st, China Northern Rare Earth (600111.SH) announced that, in order to support the construction of a world-class rare earth leading enterprise, based on the overall requirements and global strategy of energy system integration of the company's controlling shareholder Inner Mongolia Baotou Steel Union, the company plans to contribute physical assets and monetary funds to jointly establish Inner Mongolia Baotou Xin Energy Co., Ltd. (provisional name, subject to industrial and commercial registration for final approval, hereinafter referred to as the new company) with Baotou (Group) Co., Ltd., a subsidiary controlled by Baotou (Group) Co., Ltd., to promote the implementation of energy system integration. The company's planned contribution of physical assets this time is No.66 of the company's smelting branch.
Express News | Tight supply and demand driving price increases, the rare earth industry has strong momentum for industry chain integration.
Express News | China Northern Rare Earth: The rare earth market has shown a warming trend after entering the third quarter, with the prices of major rare earth products steadily rising.
Hong Kong stock market anomaly | rare earth metals concept stocks are strong against the trend. China Northern Rare Earth's listing price hike boosts market confidence, with continuous demand growth in multiple industries.
Rare earth metals concept is strong against the trend. As of the time of publication, JL Mag Rare-Earth (06680) rose by 10.54%, reporting 11.12 Hong Kong dollars; China Rareearth (00769) rose by 4.17%, reporting 0.5 Hong Kong dollars. 06680, 00769
Hong Kong stocks unusual movement | jl mag rare-earth (06680) surged more than 14% due to disruptions in supply from Myanmar, exceeding expectations. china northern rare earth listed price raised again.
jl mag rare-earth (06680) rose more than 14%, as of the time of writing, increased by 14.01%, closing at 10.58 Hong Kong dollars, with a turnover of 0.394 billion Hong Kong dollars.
Sinolink Securities: Myanmar's rare earth supply disruption exceeds expectations, combined with 'supply-side reform' integration, focusing on bottom layout opportunities.
Burma mines constitute the main supply of medium and heavy rare earths in the global market, with an import volume of nearly 0.05 million tons of REO in 2023, while the domestic quota of medium and heavy rare earths REO is only 0.019 million tons; It is estimated that Burma mines will account for approximately 10% of the global light rare earths praseodymium-neodymium in 2023.
No Data
No Data