Northern Rare Earth: Optimistic about the future demand growth in the downstream rare earth industry.

Senior executives of Northern Rare Earth Company stated at the 2025 interim performance explanation meeting that in recent years, with the development of green and low-carbon and "everything electric drive", the demand for magnetic materials has increased by around 10%, and it is expected to maintain this trend in 2025. The rapid development of wind power, new energy vehicles, humanoid robots, and low-altitude economy and other emerging fields provides strong support for downstream demand growth. In addition, mobile phone covers, semiconductors, chips will drive the development of downstream polishing powder industry, hydrogen storage will have new increments in the background of energy storage development, and permanent magnet motors will also have significant growth under the promotion of the "two substitutions and two new" policies. Therefore, the company is optimistic about the future growth of downstream demand in the rare earth industry.