China’s rare earths industry returns lower profits for 2013
Published: Tuesday, 25 February 2014
Illegal mining and low competitiveness affect earnings; exports increased in 2013
Chinas Ministry of Industry and Information and
Technology (MIIT) has announced that Chinas rare earths
industry suffered a drop in profits in 2013, as pricing and
operational headwinds continue to batter the sector.
Although the industrys revenue in 2013 was close to
Chinese renminbi (Rmb) 77bn...