China Northern Rare Earth

Type: Company | Ticker: 600111.SS (Shanghai A-share) | Sub-theme: Rare earths

China Northern Rare Earth Group (中国北方稀土集团) is the world's largest rare earth producer by volume, operating the Bayan Obo mine in Inner Mongolia — the largest known rare earth ore body on Earth. It is a state-owned enterprise and effectively sets reference prices for the Chinese domestic rare earth market. The company processes light rare earths (lanthanum, cerium, praseodymium, neodymium) primarily. Access for foreign investors is via the China A-share market only (limited to Qualified Foreign Institutional Investors).

Key Facts

• Bayan Obo mine (Inner Mongolia): world's largest RE ore body; primarily light REs co-produced with iron ore
• State ownership: controlled by central and Inner Mongolia provincial government entities
• Quota system: operates under Chinese government production quotas (set twice yearly)
• Market position: dominant in NdPr (neodymium-praseodymium) supply in China

Mentioned In

• Processing Chokepoint — China Northern RE exemplifies state-directed RE production
• China Export Controls — operates under state quota + export license system