By Jiahui Huang
Shares of Chinese rare earth producers are rising after several companies said their second-quarter product prices were sharply higher, reflecting a growing gap between supply and demand for rare earth metals globally.
China Northern Rare Earth (Group) High-Tech's shares rose 0.8% in Monday afternoon trade and Inner Mongolia Baotou Steel Union's shares were 6.7% higher.
The gains came after both companies said late Friday that the price of their rare earth concentrate for the second quarter was 45% higher, compared with the quarter earlier, at 38,804 yuan per metric ton, or equivalent of $5,683.07.
The sharp gains reinforce analysts' view that the global rare earth industry will continue to see stronger demand and tighter supply due to geopolitical tensions between U.S. and China.
The production of rare earths, used in everything from cars to phones, have been under the spotlight after China's stranglehold on supply became a flashpoint last year amid the tariff spat between Beijing and Washington.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
April 13, 2026 01:40 ET (05:40 GMT)
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