BaoTou Steel Union issued an announcement saying that if the price adjustment remained unapproved, it would resort to bidding and auctions in the open market to sell rare earth concentrates next year.
On June 22, Baoshan Iron & Steel and Northern Rare Earth announced that they intend to adjust the transaction price of rare earth concentrates to 39,189 yuan/mt (excluding tax) starting from July 1, 2022. The concentrate price has risen by 45.8% since it was adjusted in January 2022.
On June 22, Baoshan Iron & Steel and Northern Rare Earth announced that they intend to adjust the transaction price of rare earth concentrates to 39,189 yuan/mt (excluding tax) starting from July 1, 2022. The concentrate price has risen by 45.8% since it was adjusted in January 2022.