Some investors asked on the investor interaction platform: the company and Inner Mongolia Baotou Steel Union Co.Ltd(600010) signed a concentrate supply agreement, which stipulates that it will be adjusted in case of major fluctuations. Can you elaborate on whether there is a quantitative definition of major fluctuations. Because it is concerned that the price of rare earth has increased greatly in 21 years, but the price adjustment of concentrate of the company and Inner Mongolia Baotou Steel Union Co.Ltd(600010) is slow.
China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) (600111. SH) said on the investor interaction platform on February 9 that the company and Inner Mongolia Baotou Steel Union Co.Ltd(600010) agreed to negotiate and adjust the trading price of rare earth concentrate according to the price fluctuation of rare earth market products every quarter.
