Baosteel Group: Plans to adjust the related transaction price of rare earth concentrates in the third quarter of 2025 to 19,109 yuan/ton excluding tax.
On July 10, Jin10 reported that Baogang Co., Ltd. announced that according to the rare earth concentrate price adjustment mechanism and calculation formula approved by the company's 2022 annual general meeting of shareholders, the company intends to adjust the related party transaction price of rare earth concentrate for the third quarter of 2025 to 19,109 yuan/ton (dry weight, REO=50%), with an increase or decrease of 382.18 yuan/ton for each 1% change in REO.