China Rare Earth Profits Surge 462% as Analysts Downgrade MP Materials

Key Facts

1China Rare Earth Resources And Technology reported a Q3 net profit of CNY 171 million, a 461.73% year-over-year increase.

2Analysts at Goldman Sachs and TD Cowen lowered their price targets for MP Materials despite the surge in Chinese competitor revenue.

China Rare Earth Resources And Technology reported a Q3 net profit of CNY 171 million, representing a 461.73% increase year-over-year. According to Ad-hoc-news.de, the company's revenue climbed 63% to CNY 1.011 billion during the same period, highlighting strong performance within the rare earths sector.

Analysts at Goldman Sachs and TD Cowen lowered their price targets for MP Materials, with Goldman Sachs cutting its target to $57 and TD Cowen reducing its outlook to $60. MP closed at $37.47 on October 26, 2026, while GS closed at $893.28 on the same date.

The market is awaiting the release of China's Manufacturing PMI on October 31, 2026, which may provide further signals regarding industrial demand levels and their impact on strategic metal markets.

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