Recently, Rising Nonferrous released an announcement stating that the company plans to change its Chinese name from “廣晟有色金屬股份有限公司” to “中稀有色金屬股份有限公司”, its English name from “Rising Nonferrous Metals Share Co.,Ltd.” to “ChinaRare Earth Nonferrous Metals Co.,Ltd.”, and its stock abbreviation from “廣晟有色” to “中稀有色”, while the stock code “600259” remains unchanged.
The reason for changing the company name is that the company insists on focusing on its core responsibilities and main business, concentrating on the upstream and downstream of the rare earth industry while simultaneously expanding the development and application of strategic rare metals such as tungsten and copper resources, in order to fully integrate into China Rare Earth Group Co., Ltd., better leverage its own upstream rare earth resource advantages and the regional advantages of the Guangdong-Hong Kong-Macao Greater Bay Area, enhance the company’s visibility and reputation, deepen brand effects, and concentrate on strengthening core functions and improving core competitiveness. The changed company name and stock abbreviation will help highlight the company’s brand advantages and better match its main business and strategic positioning.
In the third quarter of 2025, Rising Nonferrous achieved revenue of RMB 1.957 billion, decreased by 45.76% year-on-year; net profit was RMB 55.0619 million, increased by 111.25% year-on-year. For the first three quarters, revenue was RMB 4.634 billion, decreased by 46.97% year-on-year; net profit was RMB 128 million, turning from loss to profit year-on-year. The main reason for the company’s performance increase during the reporting period was the overall rise in the rare earth market.
According to the official website of CTIA GROUP LTD, from January to September 2025, prices of most rare earth products in China increased year-on-year. Among them, the average price of praseodymium oxide was RMB 494,746/ton, increased by 25.35% year-on-year; neodymium oxide RMB 487,897/ton, increased by 24.06% year-on-year; praseodymium-neodymium oxide RMB 471,049/ton, increased by 22.19% year-on-year; praseodymium-neodymium metal RMB 578,919/ton, increased by 21.17% year-on-year; terbium oxide RMB 6,830/kg, increased by 18.41% year-on-year; dysprosium oxide RMB 1,658,838/ton, decreased by 12.02% year-on-year; dysprosium-iron alloy RMB 1,616,643/ton, decreased by 12.61% year-on-year.
