China Northern Rare Earth fixes fourth-quarter concentrate supply price
A quarterly formula adjustment at 38,769 yuan per ton sets upstream costs while the Baotou exchange builds nationwide benchmark liquidity
MGBy Mei-lin Guo, China correspondent, critical minerals and energy··Updated October 11, 2026·3 min read
ShareLinkedInXWhatsAppEmailA worker wearing a hard hat and uniform stands behind a large vat inside a rare earth processing facility. (AI-generated image)
China Northern Rare Earth adjusted its quarterly concentrate benchmark on Oct. 10, 2026, setting fourth-quarter supply terms that anchor input costs across the domestic processing chain.
The state-backed miner set the transfer price with Inner Mongolia Baogang Steel Union at 38,769 yuan ($5,793) per dry metric ton. That marks a 0.53% increase from the third quarter.
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China correspondent, critical minerals and energy — Mei-lin Guo reports on rare earth separation, lithium refining and the licensing decisions that determine what leaves the country.
