Shenghe Resources: The company's utilization rate of rare earth smelting, separation, and metal processing capacity is maintained at a high level.

Huang Ping, general manager of Shenghe Resources, stated at the 2024 annual performance briefing this afternoon, "In the first quarter of this year, influenced by factors such as the further increase in the concentration of upstream raw material supply and the slowdown in incremental expectations, as well as the expected growth in downstream consumer demand, the price trend of rare earth main products has improved. Although recent factors such as additional tariffs have raised concerns in the market about overall consumer demand, leading to a slight pullback in the prices of major rare earth products, the decline has been limited. With the gradual clarification of policies, it is expected that the future market will develop positively. The company's capacity utilization for rare earth smelting and separation, as well as metal processing, remains at a high level."