Chinese rare earth stocks advanced after major producers announced steep Q2
price increases, pointing to tighter supply and stronger demand amid
geopolitical tensions. Inner Mongolia Baotou Steel Union rose as much as 8.5%,
China Northern Rare Earth Group gained 3.1%, and China Rare Earth Resources and
Technology added 2.5%. Firms set Q2 concentrate prices at 38,804 yuan per ton,
up about 45% quarter-on-quarter. The move follows tighter export controls and
licensing regimes that disrupted supply chains. The increase is the largest
quarterly jump since China’s 2023 pricing reform.
