China Rare Earth Co. Projects Significant Profit Increase in Q1 2026

China Rare Earth Co. announced on April 10 that it expects to achieve a net profit attributable to shareholders of between 150 million and 180 million yuan in the first quarter of 2026. According to Jin10, this represents an increase of 103 million to 133 million yuan compared to the same period last year, marking a year-on-year growth of 217.32% to 280.78%. The company attributes this anticipated profit increase to the overall rise in the rare earth market during the first quarter of 2026. It has strengthened market analysis and further coordinated rare earth business procurement and sales, leading to a steady improvement in rare earth product performance and expected profits. Additionally, the company continues to enhance the management of loss-making enterprises, achieving a reduction in losses compared to the previous year.