Changes in Hong Kong stocks | China's rare earths (00769) rose more than 9% in the afternoon, domestic quota growth slowed, institutions say the rare earth price center is expected to gradually rise

The Zhitong Finance App learned that China's rare earths (00769) rose more than 9% in the afternoon. As of press release, it had risen 6.76% to HK$0.395, with a turnover of HK$6.385,800. Guojin Securities pointed out that Northern Rare Earth announced the listing prices for rare earth products in April 2024, and the prices of all rare earth products remained flat month-on-month, ending a continuous decline; orders from major manufacturers continued, and stocks just needed to be replenished, and rare earth prices rebounded. The bank determined that rare earth imports in 2024 would be difficult to maintain last year's high base. In January-February 2024, rare earth imports declined significantly year-on-year as scheduled; continued low prices also seriously reduced the profits of the rare earth recycling industry.

Zhitong FinanceApr 9 02:18 ET

China Rare Earth (00769.HK): Shareholders' share loss of HK$201 million in 2023

Gelonghui, March 29, 丨 China Rare Earth (00769.HK) announced that for the year ended December 31, 2023, revenue was approximately HK$686 million, a year-on-year decrease of about 15.3%; gross loss was approximately HK$151 million, and gross profit was approximately HK$1,116 million; loss attributable to company owners was approximately HK$201 million; loss attributable to company owners was approximately HK$394 million; basic loss per share was HK$8.56 million.

Gelonghui FinanceMar 28 12:55 ET

Huafu Securities: It is expected that the market will still exceed demand in 24-25, and rare earth prices are expected to stabilize

In the medium to long term, Huafu Securities expects the market to still be in a situation where supply exceeds demand in 24-25, but considering that Myanmar mine imports will decline and overseas production capacity construction is still slow, rare earth prices are expected to stabilize.

Zhitong FinanceMar 25 01:40 ET

China Rare Earth (00769.HK) plans to hold a board meeting on March 28 to approve annual results

GLONGHUI March 15 | China Rare Earth (00769.HK) announced that the company will hold a board meeting on March 28, 2024 (Thursday) to consider and approve the Group's annual results and announcements for the year ended 31 December 2023, and to consider paying a final dividend (if any).

Gelonghui FinanceMar 15 05:29 ET

Changes in Hong Kong stocks | China's rare earths (00769) rose more than 9%. The growth rate of indicators related to the first batch of rare earth quotas in '24 is lower than in previous years, institutions indicate that the supply and demand pattern is

The Zhitong Finance App learned that China's rare earths (00769) rose more than 9%. As of press release, it had risen 9.52% to HK$0.34, with a turnover of HK$1.41 million. According to the news, the Ministry of Industry and Information Technology and the Ministry of Natural Resources recently announced the first batch of rare earth quotas for 2024. Among them, mineral product indicators and separation indicators increased by 12.50% and 10.40% compared to the first batch in 2023. The growth rate of mineral products and smelting indicators this time is lower than in previous years. Guojin Securities believes that if the second batch of indicators in 2024 is the same as the first batch and the third batch of indicators is not released, the global rare earth supply and demand pattern is expected to improve significantly in 2024;

Zhitong FinanceMar 13 22:26 ET

China Color Co., Ltd. (000758.SZ): 41.56% of the publicly listed shares in China Southern Rare Earth were transferred by China Rare Earth

On March 5, Gelonghui Co., Ltd. (000758.SZ) announced that the company recently received a notice from the Beijing Equity Exchange to obtain an intended transferee, China Rare Earth Group Co., Ltd. (“China Rare Earth”) during the public listing period. After review by the Beijing Property Exchange, it was confirmed that China's rare earths met the conditions of the transfer. On March 4, 2024, the two sides signed a “Property Exchange Contract” to transfer 41.56% of Zhongse Nanfang Rare Earth's shares. The transaction price was approximately RMB 168 million.

Gelonghui FinanceMar 5 04:14 ET