Northern Rare Earth's Net Profit in Q1 2025 May Rise by 700%

Northern Rare Earth is expected to achieve a net profit attributable to shareholders of 425 to 435 million yuan in the first quarter of 2025. Compared with the same period last year, it will increase by 375 to 385 million yuan, with a year-on-year increase of 716.49% to 735.70%. The expected non-recurring net profit is 429 to 439 million yuan. Compared with the same period last year, it will increase by 425.3 to 435.3 million yuan, with a year-on-year increase of 11,468.78% to 11,738.45%.

In the first quarter of 2025, affected by policies such as the tightening of upstream raw material supply and the stimulation of downstream consumption, the overall activity of the rare-earth market was better than that of the same period last year. The prices of the main rare-earth products represented by the praseodymium-neodymium products showed an upward trend, and the trading volume was good. According to the statistics of CTIA GROUP LTD, from January to March 2025, the average price of praseodymium oxide in China was 447,579 yuan per ton, with a month-on-month increase of 4.50% and a year-on-year increase of 12.40%. The average price of neodymium oxide was 440,719 yuan per ton, with a month-on-month increase of 3.63% and a year-on-year increase of 11.73%. The average price of praseodymium-neodymium oxide was 430,158 yuan per ton, with a month-on-month increase of 2.98% and a year-on-year increase of 11.97%. The average price of praseodymium-neodymium metal was 529,491 yuan per ton, with a month-on-month increase of 2.55% and a year-on-year increase of 11.28%.

Relying on the unique resource advantages of the Bayan Obo Mine, Northern Rare Earth has established the world's largest rare-earth raw material production base and rare-earth functional material manufacturing base. It can produce 11 categories, more than 50 types and nearly 1,000 specifications of various rare-earth products. The company's products are mainly pided into rare-earth raw material products, rare-earth functional material products and rare-earth terminal application products. Among them, the rare-earth raw material products include rare-earth salts, rare-earth oxides and rare-earth metals, which are the main raw materials for the production and processing enterprises of downstream rare-earth functional materials and new materials. The rare-earth functional material products include rare-earth magnetic materials, polishing materials, hydrogen-storage materials, catalytic materials, etc. The rare-earth terminal application products include nickel-metal hydride power batteries, rare-earth permanent-magnet high-efficiency energy-saving motors, etc. The smelting and separation capacity is 120,000 tons per year, and the rare-earth metal capacity is 16,000 tons per year. The magnetic material capacity is 41,000 tons per year, the polishing material capacity is 32,000 tons per year, the hydrogen-storage material capacity is 8,300 tons per year, the catalytic material capacity is 12,000 cubic meters per year, and the nickel-metal hydride power battery capacity is 1 million units per year.