China Northern now expects to report a surge in first-half net profit to 900 million yuan to 960 million yuan, equivalent to $125.3 million to $133.7 million. At the top end of the range, that would be a more than 21-fold increase from the 45.4 million yuan in net profit reported for the first half of 2024.

China Northern Rare Earth said on Tuesday its export orders for rare earth products have recovered to some extent in June.