Chinese Rare Earth Companies Jump After Quarterly Price Hike

Shares in Chinese rare earth companies advanced after key producers announced a sharp increase in second-quarter product prices, signaling tighter supply conditions and stronger demand amid heightened geopolitical tensions.

Inner Mongolia Baotou Steel Union Co. rose as much as 8.5%, while China Northern Rare Earth Group High-Tech Co. gained 3.1% at one point and China Rare Earth Resources and Technology Co. added 2.5%. The moves followed company filings by China Northern Rare Earth and Baotou, which set second-quarter concentrate prices at 38,804 yuan ($5,678) per metric ton, up about 45% from the first quarter.