China Northern Rare Earth Expands Metals, Magnets and Motors - First-Half Profit Rises 120%

Highlights

• Revenue rose 36.8% to RMB25.80 billion with net profit up 120.5% to RMB2.05 billion in H1 2026
• CNRE achieved record production across smelting, metals, functional materials, and completed full-process manufacturing of rare-earth permanent-magnet motors
• China's rare-earth export volume fell 6.4% while export value surged 55.2%, reflecting tighter supply and higher prices
• CNRE's mine-to-motor ecosystem model represents a cumulative competitive advantage over Western project-by-project approaches
• Green smelting upgrade totaling RMB7.80 billion is underway, with Phase I operational and Phase II progressing