A-share announcement selection | Farewell to seven consecutive rises Inner Mongolia Baotou Steel Union (600010.SH) and China Northern Rare Earth (600111.SH) rare earth concentrate trading prices in the third quarter showed a slight decrease compared to the previous quarter.

Focus today 1. Inner Mongolia Baotou Steel Union, China Northern Rare Earth: The trading price of rare earth concentrate in the third quarter is adjusted to 38,565 yuan/ton, a decrease of 0.62% compared to the previous quarter. Inner Mongolia Baotou Steel Union announced that the company plans to adjust the price of rare earth concentrate related transactions for the third quarter of 2026 to 38,565 yuan/ton (dry basis, REO=50%), with an increase or decrease of 771.30 yuan/ton for every 1% change in REO. It was estimated based on the announcement on April 10 that the trading price of rare earth concentrate in the second quarter was adjusted to 38,804 yuan/ton, indicating a decrease of 0.62% compared to the previous quarter. On the same day, China Northern Rare Earth announced that based on the pricing method of rare earth concentrate and the price of rare earth oxide in the second quarter of 2026, the company approved an adjustment of the trading price of rare earth concentrate for the third quarter of 2026 to 38,565 yuan/ton (dry basis, REO=50%), with an increase or decrease of 771.30 yuan/ton for every 1% change in REO. Note: According to public information, the trading prices of rare earth concentrate of Inner Mongolia Baotou Steel Union and China Northern Rare Earth had increased by 6.22% in the fourth quarter of 2024. In the first quarter of 2025, the prices had increased by 4.7%, in the second quarter by 1.11%, in the third quarter by 1.5%, and in the fourth quarter by 37.13%. In the first quarter of 2026, the prices had increased by 2.4%, in the second quarter by 44.61%, and now in the third quarter of 2026, there is a decrease of 0.62% in the trading prices. 3. Jiangsu Azure Corporation: Plans to invest 290 million US dollars to build a lithium battery project in Indonesia. Jiangsu Azure Corporation announced its plan to invest in and build a lithium battery project in Indonesia with a total investment of 290 million US dollars. The new project aims to enhance overseas customer product supply capacity and optimize global industry layout. The investment has been approved by the board of directors but still requires shareholder approval and relevant domestic and foreign departments' filing or approval. The project carries risks related to policy, approval, and funding, but is not expected to have a significant impact on the revenue and net profit in 2026. (Continued)