Baotou Steel Rare Earth profits drop by more than 20%

By Albert Li IM analyst, Shanghai, Laura Syrett
Published: Monday, 20 August 2012

Falling prices, rising costs and illegal mining blamed for company slump

The largest rare earths company in the world, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co. Ltd, has announced its profits fell by more than one fifth for the first half of 2012, compared to 2011.

The company’s total profit for the period from January-June was Chinese renminbi (Rmb) 2.411bn...

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