Baotou rare earths posts record profit; looks to invoicing system
Published: Tuesday, 27 March 2012
Consolidation attracts criticism from within China as downstream industry targeted
Chinas Inner Mongolia Baotou Steel Rare Earth Hi-Tech
Co, the worlds largest rare earths producer, said on
Tuesday that its net profit was more than four times that of
the previous year in 2011, at renminbi (RMB) 3.5bn ($555m).
Revenue more than doubled in 2011,...