JL MAG Rare-Earth to acquire 9.24% stake in Rare Earth Exchange

Jiangxi JL MAG Rare-Earth Co., Ltd. has announced plans to acquire a 9.24% stake in Baotou Rare Earth Products Exchange Co., Ltd. from Northern Rare Earth for RMB22,083,600 (USD3,252,980) in cash. The transaction will be conducted through a public listing on the Inner Mongolia Property Rights Trading Center. This move represents a strategic milestone in the company's upstream-downstream integration strategy, effectively filling a critical gap in the pricing and trading segment of its industrial chain.

The transaction is based on a valuation date of December 31, 2025, with the exchange valued at RMB239 million (USD35.21 million), representing a modest 13.19% premium over its book net asset value.

As China's only specialized rare earth spot trading platform, the exchange was established jointly by multiple state-owned industry giants and leading enterprises. Its published price index serves as the primary pricing benchmark for domestic rare earth spot transactions, and it holds valuable data resources on industry supply-demand dynamics, inventory levels, and trading volumes--making it a vital hub in the rare earth industrial chain.