Baosteel Group plans to produce 390,000 tons of rare earth concentrate by 2025.

Baosteel announced that in its investor relations activities, it introduced the company's rare earth resources, rare earth concentrate pricing mechanism, cost reduction and efficiency improvement measures in the steel sector, technological breakthroughs and market expansion of rare earth steel products, etc. The company prices its rare earth concentrate every quarter based on the average price of rare earth oxides from the previous quarter, according to the announced pricing mechanism and formula, and announces the pricing of rare earth concentrate in the first month of each quarter. The company plans to produce 390,000 tons of rare earth concentrate by 2025.