On July 15, China Rare Earth announced that it expects a net profit attributable to shareholders of 136.27 million to 176.27 million yuan for the first half of 2025, compared to a loss of 244.419 million yuan in the same period last year. The net profit after excluding non-recurring gains and losses is projected to be 131.06 million to 170.06 million yuan, compared to a loss of 254.7415 million yuan in the same period last year. Basic earnings per share are expected to be 0.1284 to 0.1661 yuan, compared to a loss of 0.2303 yuan per share in the same period last year.

Rare earth market update on July 16, 2025

The domestic rare earth market is showing an overall sideways and volatile trend, influenced by multiple uncertainties.

On July 15, Apple Inc. and U.S. rare earth company MP Materials announced a $500 million agreement to procure rare earth magnets and jointly establish a rare earth recycling facility in California. This marks a significant move by the U.S. tech giant to support a domestic critical mineral supply chain, reducing reliance on Chinese rare earths.

On July 11, China Northern Rare Earth announced that, based on the pricing method for rare earth concentrates and the prices of rare earth oxides in Q2 2025, the transaction price for rare earth concentrates in Q3 2025 has been adjusted to 19,109 yuan per ton (dry basis, REO=50%), excluding tax. This represents an increase of 284 yuan per ton, or 1.51%, compared to the Q2 2025 price of 18,825 yuan per ton. For every 1% increase or decrease in REO content, the price, excluding tax, adjusts by 382.18 yuan per ton, an increase of 6 yuan per ton, or 1.51%, compared to Q2 2025 (376.50 yuan per ton).