Rare earth market analysis in July 2016

(整期优先)网络出版时间:2016-08-18
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Listedcompaniesamongthesixrareearthgroupshaveallreleasedpre-announcementoftheirfirst-halfannualizedreportbytheendofJuly,2016.Theweakmarketimposesheavystrainontheserareearthenterprises.Accordingtothepre-announcement,ChinaNorthernRareEarthpredicted80%-90%netprofitdeclineyear-on-year;RisingNonferrousMetalsannouncedtheprofitattributabletoshareholderswouldmakealossof90-110millionyuan;ChinaMinmetalsforecastedalossof35-45millionyuan;XiamenTungstenreleased20.73%declinedoperationrevenue.