Northern Rare Earth restructures share pledges amid 2025 plans

China Northern Rare Earth Group High-Tech (SSE:600111) announced a series of strategic financial maneuvers alongside its 2025 project investment plans. The company's controlling shareholder, Baotou Iron and Steel (Group), recently executed a share pledge involving 334.5 million shares, representing 9.25% of the total share capital, to secure financing for its subsidiary, Inner Mongolia Baotou Steel Steel Union. Concurrently, Baotou Iron and Steel (Group) also completed the release of an equivalent number of previously pledged shares to China Exim Bank, restoring its holdings to an unencumbered state. These financial maneuvers occur as China Northern Rare Earth advances its 2025 project investment strategy, aimed at high-quality growth in accordance with the spirit of the 20th National Congress. These projects involve both infrastructure and technological upgrades, including significant investments in green smelting and resource efficiency.