On July 10, 2025, Northern Rare Earth released an announcement stating that the company expects to achieve a net profit attributable to shareholders of 900 million to 960 million yuan for the first half of 2025, an increase of 855 million to 915 million yuan compared to the same period last year, representing a year-on-year rise of 1882.54% to 2014.71%. It also anticipates a non-GAAP net profit of 880 million to 940 million yuan, an increase of 865 million to 925 million yuan year-on-year, marking a rise of 5538.33% to 5922.76%.
Against the backdrop of this substantial profit growth in the first half of 2025, Northern Rare Earth’s stock performed strongly on July 10, rising 10.02% by the close of trading at 3:00 PM, with a closing price of 27.01 yuan per share.
In the first half of 2025, amid a complex and challenging environment, Northern Rare Earth seized favorable market stabilization opportunities, actively addressed uncertainties from U.S.-China trade conflicts, adhered to strategic planning, and focused on annual production and operation targets. The company overcame difficulties with determination, accelerated the establishment of a new development framework, and fulfilled its role as a leading force in building the "two rare earth bases." It strengthened comprehensive budget management, deepened cost reduction and efficiency enhancement, scientifically coordinated production scheduling, enhanced market analysis and forecasting, intensified marketing efforts, accelerated key project construction, and promoted research and management innovation.
In terms of production and marketing, the company reinforced production system management, promoted linkage and process upgrades across its smelting and separation enterprises, further improving production line efficiency and continuously optimizing raw material and product structures. Through horizontal and vertical benchmarking, smelting and separation, as well as rare earth metal processing costs, were further reduced. Ensuring raw material supply, the company aligned with market demand, innovated marketing models, strengthened marketing operations, and achieved varying degrees of year-on-year growth in the production and sales of key products such as smelting separation, rare earth metals, rare earth functional materials, and permanent magnet motors. Regarding key project construction, the company solidified its scale advantage, expedited major projects, with the first phase of the new-generation green rare earth mining and smelting upgrade project entering the final stage of production line linkage debugging, and the second phase’s process design progressing steadily. Merger and acquisition projects, as well as joint ventures for extending, supplementing, and strengthening the industrial chain, advanced efficiently. In research and innovation, the company continued to sharpen its scientific research strengths, yielding fruitful innovation results, formulating a science and technology reform plan, identifying six reform directions around optimizing the research management system, and proposing 23 reform tasks.
Rare earth oxides and rare earth metals are among Northern Rare Earth’s key products. According to the CTIA GROUP LTD website, from January to June 2025, prices of most rare earth products in China increased year-on-year. The average price of praseodymium oxide was 449,822 yuan/ton, increased by 14.06% year-on-year; neodymium oxide averaged 442,237 yuan/ton, increased by 12.77% year-on-year; praseodymium-neodymium oxide averaged 431,534 yuan/ton, increased by 12.56% year-on-year; praseodymium-neodymium metal averaged 530,780 yuan/ton, increased by 11.65% year-on-year; terbium oxide averaged 6,645 yuan/kg, increased by 11.51% year-on-year; dysprosium oxide averaged 1,668,263 yuan/ton, decreased by 14.91% year-on-year; and dysprosium-iron alloy averaged 1,629,059 yuan/ton, decreased by 15.23% year-on-year.
