Baogang Co., Ltd.: Plans to produce 390,000 tons of rare earth concentrates by 2025.
On July 16, Jin10 data reported that Baogang Co., Ltd. announced that during investor relations activities, it introduced the company's rare earth resource situation, rare earth concentrate pricing mechanism, cost reduction and efficiency enhancement measures in the steel zone, as well as breakthroughs in rare earth steel product technology and market expansion. The company prices its rare earth concentrates every quarter based on the average price of five rare earth oxides from the previous quarter, according to the announced pricing mechanism and pricing formula, and announces the rare earth concentrate pricing situation in the early days of the first month of each quarter. It plans to produce 390,000 tons of rare earth concentrate by 2025.