Rising Nonferrous Metals Share Co., Ltd. (600259.SH) controls more than 120,000 tonnes of medium and heavy rare earth resources across Guangdong Province — one of the most significant heavy rare earth resource bases held by any publicly listed company in China. Listed on the Shanghai Stock Exchange since 1993, Rising Nonferrous Metals offers a level of financial transparency rare among Chinese rare earth producers. In January 2024, its former parent Guangdong Rare Earth Industry Group was transferred to China Rare Earth Group Co., Ltd., bringing Rising under direct central state oversight.
Company Overview
Rising Nonferrous Metals was incorporated in 1993 and is headquartered in Hainan Province, China. It trades on the Shanghai Stock Exchange under ticker 600259.SH, with registered capital of CN¥336.44 million. The company is state-controlled, with ownership tracing through Guangdong Rare Earth Industry Group to China Rare Earth Group Co., Ltd. — the national consolidation vehicle formed by Beijing to centralise China’s rare earth sector.
While rare earths are the strategic core, Rising Nonferrous Metals’ operations extend across nonferrous metals mining and processing, logistics, financial services, trade, and resource exploration. This breadth distinguishes it from single-commodity rare earth producers and gives it operational buffers across commodity cycles.
Rising Nonferrous Metals — Rare Earth Operations
All rare earth mining licenses held by Rising Nonferrous Metals are located in Guangdong Province. The company’s resource base covers medium and heavy rare earth deposits — the ion-adsorption clay category that dominates global supply of critical heavy rare earth elements including dysprosium and terbium. These elements carry substantial supply chain significance: dysprosium and terbium are essential for high-performance NdFeB permanent magnets used in EV drivetrains and wind turbine generators.
The corporate structure spans the full rare earth value chain:
- 3 rare earth mining companies
- 4 rare earth separation firms
- 5 rare earth application companies
- 1 trading firm
This integration — from mining through smelting and separation, deep processing, and import/export operations — mirrors the vertical model favoured across the six major Chinese rare earth groups. Separation and application capacity gives Rising Nonferrous Metals margin capture across the chain rather than exposure to raw ore prices alone.
2024 Transfer to China Rare Earth Group
In January 2024, Guangdong Rare Earth Industry Group — Rising Nonferrous Metals’ controlling shareholder — was formally transferred to China Rare Earth Group Co., Ltd. The move shifted de facto control from the Guangdong provincial government to the central state, aligning Rising with Beijing’s ongoing consolidation of strategic mineral assets under a smaller number of nationally directed entities.
For Rising Nonferrous Metals, the transfer has strategic implications beyond ownership structure. Production quota allocations, export licensing decisions, and capital investment priorities are increasingly determined at the China Rare Earth Group level rather than provincially. The Guangdong rare earth mining licenses — previously managed within a provincial framework — now sit within a national resource governance structure. The broader context of central state control over China’s rare earth sector is covered in detail in our analysis of China’s rare earth export controls and supply chain geopolitics.
The Listed Company Advantage — Financial Transparency
As a Shanghai Stock Exchange-listed entity, Rising Nonferrous Metals publishes audited financial statements, quarterly production disclosures, and material event announcements in line with China Securities Regulatory Commission requirements. This places it in a distinct category among Chinese rare earth producers — most of which are unlisted state entities with limited public disclosure obligations.
For institutional investors and equity analysts tracking Western exposure to Chinese rare earth supply, Rising Nonferrous Metals provides a rare data point: publicly accessible revenue, cost, and production trends from a vertically integrated medium and heavy rare earth producer. This transparency dynamic is one reason Chinese-listed rare earth stocks have attracted renewed analytical attention — a trend examined in our piece on rare earth stock re-rating as Western strategy evolves.
Rising Nonferrous Metals in the Global Supply Chain
Guangdong’s ion-adsorption clay deposits — the source of Rising Nonferrous Metals’ resource base — are the dominant global origin for heavy rare earth elements. China accounts for the substantial majority of global heavy rare earth supply, and Guangdong is a key producing province within that total. Western downstream manufacturers of permanent magnets, defence systems, and advanced electronics remain structurally dependent on this supply.
Rising Nonferrous Metals’ position within China Rare Earth Group means its production and export activity is subject to the quota and licensing framework administered centrally. Export control risk — already elevated following China’s 2023 controls on gallium and germanium — has brought Guangdong-sourced heavy rare earth supply under closer scrutiny from procurement teams in Japan, Europe, and North America. The Western industry response to this exposure is tracked in our analysis of the rare earth magnet supply chain build-out.
Outbound links: Shanghai Stock Exchange · USGS National Minerals Information Center
Company Snapshot
| Detail | Data |
|---|---|
| Founded | 1993 |
| Stock code | 600259.SH — Shanghai Stock Exchange |
| Registered capital | CN¥336.44 million |
| Headquarters | Hainan Province, China |
| Parent company | China Rare Earth Group Co., Ltd. (via Guangdong Rare Earth Industry Group) — transferred January 2024 |
| Resource base | 120,000+ tonnes medium and heavy rare earth resources (estimated) |
| Mining licenses | Guangdong Province |
| Operations | Mining, smelting and separation, deep processing, trading, logistics, finance |
| Corporate subsidiaries | 3 mining · 4 separation · 5 application · 1 trading |
Resource base figure is company-reported. Production volumes and current financial results should be verified against the latest Shanghai Stock Exchange filings.
Key variables to monitor: annual production quota allocations issued by the Ministry of Industry and Information Technology; Guangdong mining license renewal timelines; China Rare Earth Group strategic direction under central ownership; and quarterly financial disclosures via 600259.SH Shanghai Stock Exchange filings.
This article is for informational purposes only and does not constitute investment advice.
What does Rising Nonferrous Metals produce?
Rising Nonferrous Metals produces medium and heavy rare earth elements through mining, smelting, and separation operations in Guangdong Province. The company also conducts deep processing into rare earth applications and operates trading, logistics, and nonferrous metals businesses beyond rare earths.
Is Rising Nonferrous Metals publicly listed?
Yes. Rising Nonferrous Metals Share Co., Ltd. trades on the Shanghai Stock Exchange under ticker 600259.SH, making it one of the few vertically integrated Chinese rare earth producers with public financial disclosure obligations.
Where does Rising Nonferrous Metals hold its rare earth mining licenses?
All rare earth mining licenses held by Rising Nonferrous Metals are located in Guangdong Province, China. The deposits are medium and heavy rare earth resources, sourced from ion-adsorption clay formations characteristic of southern China.
What happened to Rising Nonferrous Metals in 2024?
In January 2024, Rising Nonferrous Metals’ controlling parent — Guangdong Rare Earth Industry Group — was transferred to China Rare Earth Group Co., Ltd. This shifted de facto ownership from the Guangdong provincial government to the Chinese central state, placing Rising within the national rare earth consolidation framework.
How large is Rising Nonferrous Metals’ rare earth resource base?
Rising Nonferrous Metals controls more than 120,000 tonnes of medium and heavy rare earth resources, according to company-reported figures. This is among the more significant heavy rare earth resource bases held by any listed entity in China.
