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    Northern Rare Earth to purchase 320000t of rare earth concentrate from Bao Gang United Steel in 2023

    2023-03-15 16:26:24   [Print]
    Northern Rare Earth announced on March 14 that it plans to sign a rare earth concentrate supply contract for 2023 with Bao Gang United Steel. The trading price of rare earth concentrate in the first quarter of 2023 is RMB35,313/t (USD5,127/t) Ex-VAT (dry measure, REO=50%), and the price excluding tax increases or decreases by RMB706.26/t (USD103/t) for every 1% increase or decrease in REO.Asian Metal CopyrightNorthern Rare Earth announced on March 14 that it plans to sign a rare earth concentrate supply contract for 2023 with Bao Gang United Steel.Asian Metal Copyright In 2023, the company intends to purchase 320,000t of rare earth concentrate (dry measure, REO=50%) from Bao Gang United Steel according to the production plan, and the total amount of related transactions of rare earth concentrate is expected to not exceed 15 billion yuan (2.Asian Metal Copyright26t USD103t for every 1% increase or decrease in REO.Asian Metal Copyright18 billion US dollars).
    .Asian Metal Copyright In 2023, the company intends to purchase 320,000t of rare earth concentrate dry measure, REO=50% from Bao Gang United Steel according to the production plan, and the total amount of related transactions of rare earth concentrate is expected to not exceed 15 billion yuan 2Asian Metal Copyright
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