Shenghe Resources, under the actual control of the Ministry of Finance, disclosed its annual report tonight. In the second half of last year, it reduced its holdings in the largest U.S. rare earth company, MP Materials, by 8.17 million shares, adding 3.2 billion yuan in cash to its account. As of the end of the year, it still held 5.546 million shares of MP. In July last year, the U.S. Department of Defense took a stake in MP, becoming the largest shareholder.