Baogang adjusts rare earth concentrate prices, continues share buyback

Inner Mongolia Baotou Steel Union Co., Ltd. announced an adjustment to the related party transaction price for rare earth concentrates for the fourth quarter of 2025. The new price will be RMB 26,205 per ton (dry weight, REO=50%), excluding tax, with an increase or decrease of RMB 524.10 per ton for every 1% change in REO content. This adjustment aligns with the pricing mechanism and calculation formula approved at the company's 2022 Annual General Meeting.

In a separate announcement, Baogang Steel Union provided an update on its share repurchase program. As of September 30, 2025, the company has cumulatively repurchased 18,322,600 shares, representing 0.040% of its total share capital. The total amount spent on repurchases, excluding commissions and fees, reached RMB 41,500,026, with prices ranging from RMB 1.79 to RMB 2.72 per share.

The share repurchase program, initiated in April 2025, aims to reduce registered capital. The company plans to repurchase shares worth between RMB 100m and RMB 200m within 12 months from the approval date.