Chinese rare earths struggle against falling demand

By Albert Li IM analyst, Shanghai
Published: Thursday, 23 August 2012

Producers look to magnets to offset losses from polishing powders

Chinese rare earths (RE) companies' profits are suffering from a sharp decline in demand for the minerals, recent financial figures show.

Inner Mongolia Baotou Steel Rare Earth Hi-Tech, China’s largest RE company, saw profits fall by 20% for Q2 2012, it said this week, while Xiamen Tungsten Company said earlier...

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