Financial Wire

Chinese Rare-Earth Companies Finish High on Increases in Q2 Prices

-- Chinese rare-earth companies saw spikes in their closing prices on Monday following an increase in their second-quarter product prices.

Inner Mongolia Baotou Steel Union (SHA:600010) finished 5% higher, while China Northern Rare Earth Group High-Tech (SHA:600111) closed at 1% higher.

The companies said their rare earth concentrates were priced at 38,804 yuan per ton, according to separate Saturday filings with the Shanghai bourse.

The increases come as Beijing applied retaliatory export curbs following tariffs by U.S. President Donald Trump, according to a separate Bloomberg report Monday.

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