China Northern Rare Earth (Group) High-Tech (SHA:600111) decided to adjust the price of rare earth concentrate to 26,834 yuan per ton, according to a Saturday filing on the Shanghai bourse.
The rare earth company's shares rose less than 4% during Monday's afternoon trade.
Moreover, for every increase or decrease of 1% in REO content, the tax-exclusive price will rise or drop by 536.68 yuan per ton.
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