Baotou Steel to adjust rare earth concentrate sales models
2022-11-10 12:09:30 [Print]
On November 9, Baotou Steel announced that the company's board of directors approved of the proposal on adjusting rare earth concentrate sales models
. Northern Rare Earth, one of major clients with whom Baotou Steel maintains long-term partnership, will hold an extraordinary general meeting to discuss this price adjustment . If Northern Rare Earth fails to approve of the adjustment and the two sides therefore can't go on with supply and selling of rare earth concentrate on the current trading model, Baotou Steel will sell rare earth concentrate in public ways including price bidding and auction, in line with related laws and rules . Northern Rare Earth can take part in the public selling process.